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Nuclear Fuel Processing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Nuclear Fuel Processing Market Research Report | SIC C24.460 | Sep 2016

Important reaction: the decommissioning of nuclear power plants has negatively affected revenue

IBISWorld’s Nuclear Fuel Processing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Sellafield Ltd Sellafield Ltd market share
Urenco Limited Urenco Limited market share
Westinghouse Electric UK Holdings Limited Westinghouse Electric UK Holdings Limited market share
Industry Statistics & Market Size
Revenue
£717m
Annual Growth 12-17
-0.5%
Annual Growth 17-22
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Profit
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Employment
10,172
Businesses
5
Industry Analysis & Industry Trends

This industry produces nuclear fuel for use in power stations by processing new material or reprocessing spent fuel. Due to the considerable health, safety and environmental concerns associated with the industry, operators are highly regulated by both the Euratom Supply Agency (ESA) and by the UK government. The industry, which is dominated by just three firms, is expected to generate revenue of £717.3 million in 2016-17. Revenue is estimated to contract at a compound annual rate of 0.5% over the five years through 2016-17. In 2016-17, revenue is expected to grow by 3.6%, supported by a rise in exports due to the depreciation of the pound.

The Nuclear Fuel Processing industry handles fuel rod fabrication... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry into this industry are extremely high and consist mainly of regulation that aims to protect the community and the environment from radiation. Firms must comply with both UK and international regulations relating to nuclear material.

Under the Nuclear Installations Act 1965 (NIA), a site cannot have a nuclear plant on it, including fuel processing facilities, unless the user has been granted a site licence by the Health and Safety Executive (HSE). Under the NIA, licences are only granted to corporations and licensing is handled by Office for Nuclear Regulation (ONR) on behalf of HSE. The licences set out the general safety requirements for dealing with risks on a nuclear site. Com.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nuclear Fuel Processing Industry?

Firms in this industry produce nuclear fuel for use in electricity generating plants.

Industry Products
Nuclear fuel fabricationSpent fuel reprocessing
 
Industry Activities
Production, smelting and refining of uraniumProducing nuclear fuel from enriched or unenriched uranium Reprocessing depleted nuclear fuelEnrichment of uranium


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