2014-03-31 16:44:01 - Nuclear Fuel Processing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The industry produces nuclear fuel for use in power stations by either processing new material or reprocessing spent fuel. Activity is highly regulated due to health, safety and environmental concerns. The industry, which is dominated by just three firms, is expected to generate revenue of Â£689.1 million in 2013-14, compared with Â£604.9 million in 2008- 09, yielding compound annual growth of 2.6% over the past five years. For the 2013-14 financial year itself, revenue growth of 2.0% is forecast.
The growth reflects increasing demand for electricity nationwide inducing rising demand for nuclear fuel rods as nuclear power plant operators boost output.
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