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Posted by on February 17, 2023

Nuclear Waste Management Market Overview:

The global Nuclear Waste Management Market to reach USD 7.4 Billions, registering a CAGR of 2.8% during the forecast period of 2022 to 2030.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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Segment Analysis

The global nuclear waste management market is mainly segmented into waste type, reactor type, and application. On the basis of waste type, the nuclear waste management market has been sub-segmented into low-level waste, intermediate-level waste, and high-level waste. On the basis of reactor type, the nuclear waste management market has been segmented into pressurized water reactor, boiling water reactors, gas-cooleed reactors, and pressurized heavy water reactor. On the basis of application, the nuclear waste management market has been segmented into industrial and utility.

Regional Analysis

The global nuclear waste management market has been segmented on the basis of region into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

The existing infrastructure and major players in North America provide with ample opportunities for significant growth in the forecast period. Moreover, these major players are closely working with the key safety industry standard-setting associations and energy regulatory commissions to facilitate the growth of the market in the region. Such associations include the US Nuclear Regulatory Commission (NRC), the US Department of Energy (DOE), and the US Environmental Protection Agency (EPA). Furthermore, the US dominates the region with over 104 operating commercial nuclear reactors at 56 nuclear power plants in 28 states.

The amount of spent fuel produced in the European Union (EU) has fluctuated a lot, but on average, it climbed by 1.5 percent each year, totaling 3 300 tonnes of heavy metal (tHM). This increase was primarily due to the rise in the electricity produced by nuclear power plants as capacity and demand increased (nuclear electricity production increased at an annual average rate of 1.3 percent over the same period). The EU recently passed a legislation on nuclear waste management. It provides for the management of spent fuel and nuclear waste responsibly and safely. It is built on a set of internationally recognized principles, including protecting current and future generations without imposing undue obligations on future generations.

Key Players:

MRFR recognizes the following companies as the key players in the global nuclear waste management market— Enercon (US), Veolia (France), US Ecology Inc. (US), Posiva Oy (Finland), Stericycle Inc. (US), John Wood Group PLC (UK), Perma-Fix (US), Bechtel Corporation (US), Fluor Corporation (US), BHI Energy (US), Waste Control Specialists LLC (US), Augean PLC (UK), Chase Environmental Group Inc. (US), DMT (Germany), Holtec International (US), and Westinghouse Electric Company LLC (US) among others.

Posted in: Energy and Power

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