Global Nuclear Waste Management Market has valued US$ XX Bn in 2017 and is anticipated to reach US$ XX Bn by 2026 at a CAGR of about XX % during a forecast.
Global nuclear waste management market is segmented based on waste type, reactor type, application, and region. On the basis of waste type, nuclear waste management market is divided into low-level, high-level, and intermediate-level waste. On the basis of reactor type, nuclear waste management market is categorized as pressurized water, boiling water, and gas cooled reactor. Industrial and utility are end-user segment of the nuclear waste management market. Regionally, nuclear waste management market analyzed is across North America, Europe, Asia-Pacific, Middle East, and Latin America.
Rising clean energy requirements through nuclear power plants will augment the growth in nuclear waste management market. Nuclear waste recycling extends available uranium life and is an efficient & effective way in order to reduce the waste amount. Stringent norms coupled with regulations to inhibit toxic nuclear emissions worldwide and mandating more investments in nuclear power projects drives the global nuclear waste management market. However, a risk associated with the transportation of nuclear waste and the high cost of treatment restrains the market growth.
Global Nuclear Waste Management Market
Pressurized water reactors segment holds the maximum share of the nuclear waste management market. Most of the reactors will come into operation in the coming years and as a result, the demand for nuclear waste disposal sites will increase. This will, in turn, drive the nuclear waste management market growth prospects in this segment.
High-level waste accounts for 90% in nuclear waste management market. High-level waste can have short and long-lived components depending upon the time it will take for the radioactivity to decrease to levels that are not considered harmful for humans and the surrounding environment.
Industries like mining, defense, medicine, scientific research, nuclear power generation produce by-products that include radioactive waste. Radioactive waste is extremely toxic as it can remain radioactive for so long and can cause acute radiation sickness when it first comes out of the reactor.
Increase in demand for energy from emerging economies, such as China and India, coupled with the excessive amount of greenhouse gases emissions from coal-fired capacity has forced these countries to invest significantly in alternatives, such as nuclear power generation. Also, economic development in the Asia Pacific has resulted in leading to an exponential demand for energy, which has subsequently led to the growth of the nuclear power industry also the nuclear waste management market.
Areva SA, Veolia Environment Services, Bechtel Corporation, US Ecology, Augean, BHI Energy, Perma-Fix, Environmental Services, Inc., Swedish Nuclear Fuel and Waste Management Co., Stericycle, Inc., Waste Control Specialists, LLC are players operating in the nuclear waste management market.
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Scope of the Global Nuclear Waste Management Market
Global Nuclear Waste Management Market by Waste Type:
• Low-Level Waste
• High-Level Waste
• Intermediate Level Waste
Global Nuclear Waste Management Market Reactor Type:
• Pressurized Water Reactor
• Boiling Water Reactor
• Gas Cooled Reactor
Global Nuclear Waste Management Market Application:
• Industrial
• Utility
Key Players Analysed in Global Nuclear Waste Management Market:
• Augean Plc
• BHI Energy
• Perma-Fix Environmental Services
• Swedish Nuclear Fuel and Waste Management Co.
• Stericycle, Inc.
• US Ecology, Inc.
• Veolia Environmental Services
• Bechtel Corporation
• Pangea Resources
• Waste Control Specialists.
• Advanced Nuclear Fuels
• Nukem Energy GmbH
• GNS GesellschaftfürNuklear
• COVRA
• Tekhsnabexport
• TVEL
• Urenco Group
• New AREVA
• DMT
• Holtec International
• North Wind Group
• Swedish Nuclear Fuel and Waste Management Company
• Veolia
• Fluor Corporation
• Bechtel Group Inc
• Chase Environmental Group
• Perma-Fix Environmental Services
• Magnox Technologies Pvt. Ltd
• Posiva Oy
• Veolia Environment
• Studsvik
• SNC Lavalin Group Inc
• Enercon Services, Inc.
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