The components used in light water reactors (LWR) often remain in contact with the primary coolant, whose typical temperatures and pressures are highly aggressive, therefore, initiating corrosion in most of the alloys. This article focuses on the corrosion behavior of the zirconium alloys in water and heat flow conditions that causes irradiation on the zirconium alloy assemblies. It discusses the effect of irradiation on the microstructure and morphology of cladded linings. The article describes the impact of metallurgical parameters on the oxidation resistance of zirconium alloys. It concludes with a discussion on LWR coolant chemistry and corrosion of fuel rods in reactors.