Thorium (Nuclear Fuel) Market in India (2018-2023) Share based on Power Resources (Thermal, Renewable, Hydro, Nuclear) Trade Analysis (Export-Import Data) Drivers, Challenges and Competitive Landscape

  • Report Code : NET978726
  • Published On: Nov, 2019
  • Category : Energy & Power
  • Pages : 50

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Flash Discount
15% Single User
20% Multi User
25% Corporate
30% Enterprise
  • The nuclear fuel market comprises of companies, industry associations, and governmental bodies which are involved in mining, refining, and storage of nuclear fuels and construction of nuclear reactors. The major application of nuclear fuels is in the nuclear reactor for sustaining a nuclear chain reaction required for generating electric energy. The nuclear fuels like uranium-235 and thorium-232 are radioactive metals which are fissile in nature.

    Market insights:

    India has one of the largest thorium deposits in the world with a capacity of ~360,000 tonnes. Thorium occurs in the form of a single isotope, Th-232, which degenerates at a very slow rate. The types of nuclear reactors, currently operating in the nuclear energy industry of India are pressurized heavy-water reactors (PHWR), and light-water reactors (LWR). There are 7 under-construction nuclear power reactors in the country which will generate a capacity of 5,400 Mwe. As of FY 2017, nuclear power contributed only ~2% of the total power generated in India. The main monazite reserves in India are present in West Bengal, Jharkhand, Odisha, Tamil Nadu, Kerala, Andhra Pradesh, Maharashtra, and Gujarat.

    Export-Import:

    Both export and import of thorium compounds have increased in India, in terms of value and volume during FY 2015-FY 2018. The largest export destination of Indian thorium compounds is the United States (U.S.). The highest amount of thorium, based on value and volume, is imported in India from Kazakhstan.

    Investments:

    Apart from the domestic firms, there are a number of foreign companies which have shown interest to participate in India’s nuclear power projects in the form of technology partners, suppliers, contractors, and service providers. Westinghouse Electric Company (WEC) and GE Hitachi in the U.S., and Electricite de France (EDF) in France and Russia are the two major contributors.

    Key growth drivers of the market:

    With an increase in GDP, the country is showing growth in terms of construction, manufacturing, and public services. With such attractive opportunities, India is set to become a global manufacturing hub. This, in turn, is supposed to increase the demand for nuclear power in the future.

    India has promised to reduce the intensity of greenhouse emissions by 33-35% by the year 2030 from 2005. This initiative is expected to achieve ~40% electric power installed capacity from non-fossil fuel and nuclear-based energy resources by 2030.

    Key deterrents to the growth of the market:

    With the expanding civilian nuclear energy programs, weak export controls of nuclear fuels, and zones of domestic instability, the Indian nuclear power industry requires to implement stronger nuclear security policies. But the country is lagging in this area due to weak regulation of the nuclear sector.

    India has the world's largest thorium reserve, but the thorium three stage reactor is still under development, which makes it impossible for India to use its thorium reserve shortly.

    Companies covered:

    Larsen & Toubro Limited

    Walchandnagar Industries Limited

    Bharatiya Nabhikiya Vidyut Nigam

    Electronics Corporation of India Limited

    India Rare Earth Limited

    Nuclear Fuel Complex

    Nuclear Power Corporation of India Limited

    Uranium Corporation of India Limited

     

  • With tables and figures helping analyze worldwide Thorium (Nuclear Fuel) market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1: Executive summary
    Chapter 2: Socio-economic indicators
    Chapter 3: Introduction
    3.1. Nuclear fuels market definition and structure
    Chapter 4: India thorium (nuclear fuel) market
    4.1. Thorium (nuclear fuel) market overview
    4.2. Share of power resources in India (FY 2017)
    o Thermal energy
    o Renewable energy
    o Hydro energy
    o Nuclear energy
    4.3. Operational nuclear power reactors in India
    4.4. Nuclear power reactors under construction in India
    4.5. Uranium reserves in India - overview
    4.6. Monazite reserves in India - overview
    Note: Monazite is mineral containing thorium and rare earth elements
    Chapter 5: Trade analysis
    5.1. Export of thorium
    o Value-wise
    o Volume-wise
    o Country-wise
    5.2. Import of uranium ores
    o Value-wise
    o Volume-wise
    o Country-wise
    Chapter 6: Key growth drivers of the market
    Chapter 7: Key deterrents to the growth of the market
    Chapter 8: Competitive landscape
    8.1. Larsen & Toubro Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    8.2. Walchandnagar Industries Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    8.3. Bharatiya Nabhikiya Vidyut Nigam
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.4. Electronics Corporation of India Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.5. India Rare Earth Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.6. Nuclear Fuel Complex
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.7. Nuclear Power Corporation of India Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.8. Uranium Corporation of India Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    Chapter 9: Recent developments
    Appendix

     

  • The Thorium (Nuclear Fuel) Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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