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Nuclear Energy Trend

Regional Price Overview

Get the latest insights on price movement and trend analysis of Nuclear Energy in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Nuclear Energy Trend for the Second Half of 2022

Outlook towards nuclear energy was still uncertain because of the risks and measures associated with the production facilities, but the havoc caused by the Russia-Ukraine war which abruptly ended the energy supplies pushed countries towards rethinking their nuclear policies. Electricity bills soared across the globe, especially in Europe. The third quarter of the year was particularly difficult with record hikes in energy prices.

Nuclear Energy Trends

In countermeasures the inflation reduction act passed in the US parliament in August 2022, supported the movement towards cleaner fuels, supporting nuclear energy initiatives by countries like South Korea. A total of 10% of electricity in 2022 came from nuclear energy sources. The USA changed its domestic policies to support lifetime extensions for ageing nuclear plants. Japan also approved restarting its nuclear plants. Hence, all these factors positively contributed towards the price trend of nuclear energy.

Analyst Insight

According to Procurement Resource, the nuclear energy sector is expected to grow further in the coming years. As the world moves towards renewables, nuclear energy has its strong footing, which is only projected to rise further, thereby impacting the prices.

Nuclear Energy Trend For the First Half of 2022

Nuclear power remains an expensive, conflict-prone, and hazardous form of energy that still doesn’t fit in the classic system of renewables. However, the soaring fuel prices and need for clean energy have caused governments around the world to look at nuclear energy programs in a new light.

The global energy supply crunch caused by the Russian limiting its supply to Europe, unprecedented crude oil prices, port congestions and export restrictions have caused the price trend for nuclear energy to swell.

The prices in the market inclined due to the constant threat and safety issues at the Russian-occupied Zaporizhzhia nuclear plant and around 32 reactors in France were shut down due to corrosion issues. Hence, these supply shortages reverberated throughout the world. The trade disruptions caused the costs of material, activity, and engineering to rise, thereby causing the price of nuclear energy to the expensive side.

Procurement Resource provides latest prices of Nuclear Energy. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Nuclear energy refers to the utilisation of nuclear reactions that release nuclear energy to generate heat. Heat generated in the process is further utilised in steam turbines in order to generate electricity in a nuclear power plant. Presently, most of the electricity from nuclear power is generated by nuclear fission of uranium and plutonium.

Product Details

Report Features Details
Product Name Nuclear Energy
Synonyms Nuclear Power
Industrial Uses Radioactive fuel, Powerplants, Generating electricity
Supplier Database The Hanbit Nuclear Power Plant, Bruce Power, Zaporizhzhya Nuclear power plant, Korea Hydro & Nuclear Power Co. Ltd (KHNP)
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Nuclear Energy via Fission of Uranium and Plutonium

Nuclear energy originates from the splitting of uranium atoms. This process is widely known as nuclear fission. This generates heat to produce steam, that is utilised by a turbine generator to generate electricity.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

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  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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