Fabrication: The Unique Factor in the Fuel Cycle – 2014 Report
A Global Review and Analysis of the Fuel Fabrication Markets
The Ux Consulting Company (UxC) is pleased to present the 2014 Fabrication Market Outlook (FMO), which is the eighth annual edition in this series. This year’s report focuses on issue of competition in the fabrication markets while building upon the significant enhancements made in past FMO editions as part of our continuing efforts to increase understanding in the global nuclear fuel fabrication marketplace.
UxC’s in-house team along with consultant, Joel Gingold, with over forty years experience in the fuel fabrication industry, have prepared this comprehensive and up-to-date report addressing the commercial, economic, institutional, and technical aspects of this sector. Fabrication’s high technical content, need for regulatory approval, and the restriction of fuel assemblies to specific reactors require a unique approach to its market analysis.
To those with little knowledge of fuel fabrication and its markets, this report provides a solid background and understanding of how these markets function. To those knowledgeable in the fundamentals of fabrication, it offers analyses of a variety of its aspects based on several decades of participation. To those actively involved in the industry, it supplies updated analysis to assist in the improvement of existing nuclear fuel programs and in the development of new ones.
What’s New in the 2014 FMO?
The 2014 FMO report builds on the content and format adopted in previous years, and, of course, all of the discussions and analyses have been updated to reflect the events of the past 12 months, including continuing shifts resulting from the Fukushima accident.
This year’s essay, titled “The Death of Competition?” presents a comprehensive assessment of the present declining trends in competition, how the fabrication markets may develop in future years and what (if anything) can be done to enhance competition in various global markets.
We have again conducted a survey of international utility attitudes toward the fabrication market on many topics.
This year’s fuel fabrication demand projection is again based on the UxC Requirements Model (URM), which takes UxC’s proprietary forecasts for nuclear power growth and calculates demand on a reactor basis. The model has been refined and improved to produce even more accurate forecasts.
As in the past, the focus of the report is fuel for Light Water Reactors (LWRs), i.e., Boiling Water Reactors (BWRs) and Pressurized Water Reactors (PWRs), including VVER designs; but we also include updated discussion of fabrication for pressurized heavy water reactors (PHWRs), gas cooled reactors in the UK (Magnox, AGR), and light water cooled, graphite moderated reactors (LGR) in Russia (e.g. RBMKs). We also now analyze the fuel market for small modular reactors (SMRs).
In addition to updating our supply and demand data to 2030, our 2014 report includes specific year-by-year fabrication price forecasts to 2030, including discussion of the many factors influencing fabrication prices.
Chapters in the 2014 FMO include:
- Nuclear Fuel Fabrication Market Primer
- Essay: The Death of Competition?
- Reactor Developments and Fabrication Demand Outlook
- Utility Procurement Approaches and Contracting Issues
- The World’s Nuclear Fuel Fabricators
- Supply and Demand Analysis
- Global and Regional Market Analysis
- Nuclear Fuel Fabrication Prices
- Non-LWR Fabrication Markets
Please see our product flier and table of contents
in Adobe Acrobat PDF format.