NEW YORK, Aug. 29, 2023 /PRNewswire/ — The uranium mining market size is estimated to increase by 3,490.06 tons from 2022 to 2027. The market’s growth momentum will be progressing at a CAGR of  1.39%. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report –Request a free sample report

Uranium mining market – Company Analysis
Company Landscape – The global uranium mining market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer uranium mining in the market are A Cap Energy Ltd., ActivEX Ltd., Adavale Resources Ltd., African Energy Ltd., Alligator Energy Ltd., Altius Minerals Corp., ALX Resources Corp., Aurora Energy Metals, Berkeley Energia Ltd., Cameco Corp., CGN Mining Co. Ltd., China National Nuclear Corp., Deep Yellow Ltd., General Atomics, Jindalee Resources Ltd., Joint Stock Co. Navoi Mining and Metallurgical Co., National Atomic Co. Kazatomprom Joint Stock Co., Orano, State Atomic Energy Corp. Rosatom, and State Enterprise Eastern Mining and Processing Plant.

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Company Offerings –

• A Cap Energy Ltd. – The company offers uranium mining services such as exploration and evaluation of uranium deposits in Botswana.
• ActivEX Ltd. – The company offers uranium mining services such as the exploration and evaluation of uranium deposits in Australia.
• Altius Minerals Corp. – The company offers uranium mining services such as the exploration and development of uranium deposits in Canada.
• For details on the company and its offerings – Request a free sample report

Uranium Mining Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on by method (ISL, underground and open pit, and by-product), technique (dynamic leaching and heap leaching), geography (APAC, Middle East and Africa, North America, Europe, and South America). 

Geography Overview
By geography, the global uranium mining market is segmented into APAC, Middle East and Africa, North America, Europe, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global uranium mining market.

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Uranium Mining Market – Market Dynamics
Leading Drivers

The growing focus on clean energy tech is notably driving market growth. According to the International Energy Agency, compared to 2020, global energy-related CO2 emissions rose by 6% in 2021 due to increased energy demand and fossil fuel use. The global demand for clean energy like nuclear power is rising to cut carbon emissions. Unlike fossil fuels, nuclear plants emit zero CO2 or methane. While nuclear reactors can emit radiation, it’s less than coal plants. A small amount of uranium generates a lot of power, lowering mining’s environmental consequences. Therefore, such demand for clean energy is anticipated to drive the market growth during the forecast period.

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The Global Uranium Market size is estimated to grow at a CAGR of 7.06% between 2022 and 2027 with the market size forecast to increase by USD 1,600.05 million.  This report extensively covers market segmentation by end-user (energy, military, and others), source (primary and secondary), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rise in the adoption of uranium in nuclear weapons is notably driving the uranium market growth.

The coal mining market size is estimated to grow at a CAGR of 2.62% between 2023 and 2027. The market size is forecast to increase by USD 82.39 billion. This report extensively covers market segmentation by method (underground mining and surface mining), end-user (thermal power generation, cement manufacturing, steel manufacturing, and manufacturing plants and others), and geography (APAC, South America, North America, Middle East and Africa, and Europe). The use of mine planning software in coal sector is a key factor driving the market growth. 

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Method 

7 Market Segmentation by Technique 

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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