Nuclear Waste Management System Market
Nuclear Waste Management System Market Size, Share & Trends Analysis Report Market by Waste Type (Low-level Waste, Intermediate-level Waste, and High-level Waste), by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Pressurized Heavy Water Reactor, Gas Cooled Reactor, and Others), and by End-User (Utility and Industrial) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Nuclear waste management system market is anticipated to grow at a considerable CAGR of 2.1% during the forecast period. The stringent standards and regulations to limit radioactive emissions is a key factor driving the growth of the global nuclear waste management system market. According to World Nuclear Association, the volume of high-level radioactive waste (HLW) produced by the civil nuclear industry is small. As per the estimation of the International Atomic Energy Agency (IAEA), 392,000 tonnes of heavy metal (tHM) in the form of used fuel have been discharged since the first nuclear power plants commenced operation. Of this, the agency estimates that 127,000 tHM have been reprocessed. The IAEA estimates that the disposal volumeb of the current solid HLW inventory is approximately 29,000 m3.
Nuclear power is the only large-scale energy-producing technology that takes full responsibility for all its waste and fully costs this into the product. Financial provisions are made for managing all kinds of civilian radioactive waste. The cost of managing and disposing of nuclear power plant waste typically represents about 5.0% of the total cost of the electricity generated. Most nuclear utilities are required by governments to put aside a levy (e.g. 0.1 cents per kilowatt hour in the US, 0.14 ¢/kWh in France) to provide for the management and disposal of their waste.
Segmental Outlook
The global nuclear waste management system market is segmented based on waste type, reactor type and end-user. Based on waste type, the market is segmented into low-level waste, intermediate-level waste, and high-level waste. Based on reactor type, the market is segmented into pressurized water reactor, boiling water reactor, pressurized heavy water reactor, gas cooled reactor, and other. Based on end-user, the market is sub-segmented into utility and industrial.
Low-level Waste Holds a Considerable Share in the Global Nuclear Waste Management System Market
Low-level waste (LLW) has a radioactive content not exceeding four giga-becquerels per tonne (GBq/t) of alpha activity or 12 GBq/t beta-gamma activity. LLW does not require shielding during handling and transport, and is suitable for disposal in near surface facilities.LLW is generated from hospitals and industry, as well as the nuclear fuel cycle. It comprises paper, rags, tools, clothing, filters, etc., which contain small amounts of mostly short-lived radioactivity. To reduce its volume, LLW is often compacted or incinerated before disposal.
As more than 90.0% of nuclear waste comes under the LLW category, more infrastructure is needed to store the radioactive waste properly and safely. Moreover, as nuclear power is getting popular due to clean and sustainable sources of energy, various countries are investing in nuclear power plants and related facilities, which is expected to drive the demand for the effective management of LLW.
Regional Outlooks
The global nuclear waste management system market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Asia-Pacific is anticipated to exhibit considerable growth in the global nuclear waste management system market.
Global Nuclear Waste Management System Market Growth, by Region 2023-2030
North America Held Considerable Share In the Global Nuclear Waste Management System Market
North America held considerable share in the global nuclear waste management system market. Growing partnership and collaboration to enhance the design and mechanism of nuclear power management system is a key factor driving the regional market growth. For instance, in February 2023, the researchers at the University of Toronto have collaborated with the Nuclear Waste Management Organization (NWMO) to optimize the design and layout of a new plant for processing used nuclear fuel packages. By leveraging a technique known as multidisciplinary design optimization, the project aims to further enhance Canada’s long-term management of used nuclear fuel. The presence of key players across the region is further contributing to the regional market growth.
Market Players Outlook
The major companies serving the global nuclear waste management system market include Fluor Corp., Bechtel Corp., Westinghouse Electric Company LLC, Veolia Environnement SA, and Perma-Fix Environmental Services, Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Ghana has joined a pilot project done by IAEA for the disposal of sealed radioactive sources. The disposal facilities will bring the country close to its nuclear power ambitions.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global nuclear waste management system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Fluor Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Veolia Environnement SA
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Westinghouse Electric Company LLC
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Nuclear Waste Management System Market by Waste Type
4.1.1. Low-level Waste
4.1.2. Intermediate-level Waste
4.1.3. High-level Waste
4.2. Global Nuclear Waste Management System Markey by Reactor Type
4.2.1. Pressurized Water Reactor
4.2.2. Boiling Water Reactor
4.2.3. Pressurized Heavy Water Reactor
4.2.4. Gas Cooled Reactor
4.2.5. Others
4.3. Global Nuclear Waste Management System Market by End-User
4.3.1. Utility
4.3.2. Industrial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Agence Nationale pour la gestion des déchets radioactifs (ANDRA)
6.2. Augean PLC
6.3. Bechtel Corp.
6.4. BHI Energy
6.5. Cabrera Services Inc.
6.6. Chase Environmental Inc.
6.7. Enercon Services Inc.
6.8. EnergySolutions Inc.
6.9. Fluor Corp.
6.10. Holtec International Corp.
6.11. JGC Corp.
6.12. Orano SA
6.13. Perma-Fix Environmental Services Inc.
6.14. Stericycle Inc.
6.15. Studsvik AB
6.16. US Ecology Inc.
6.17. Veolia Environment SA
6.18. Waste Control Specialists LLC
6.19. Westinghouse Electric Company LLC (Toshiba)
1. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY WASTE TYPE, 2022-2030 ($ MILLION)
2. GLOBAL LOW-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL INTERMEDIATE-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL HIGH-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REACTOR TYPE, 2022-2030 ($ MILLION)
6. GLOBAL PRESSURIZED WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
7. GLOBAL BOILING WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
8. GLOBAL PRESSURIZED HEAVY WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
9. GLOBAL OTHER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
11. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM FOR UTILITY MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
12. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS, 2022-2030 ($ MILLION)
13. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY WASTE TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REACTOR TYPE, 2022-2030 ($ MILLION)
17. NORTH AMERICAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
18. EUROPEAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY WASTE TYPE, 2022-2030 ($ MILLION)
20. EUROPEAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REACTOR TYPE, 2022-2030 ($ MILLION)
21. EUROPEAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
22. ASIA- PACIFIC NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY WASTE TYPE, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REACTOR TYPE, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
26. REST OF THE WORLD NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. REST OF THE WORLD NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY WASTE TYPE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD NUCLEAR WASTE MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY WASTE TYPE, 2022 VS 2030 (%)
2. GLOBAL LOW-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL INTERMEDIATE-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL HIGH-LEVEL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REACTOR TYPE, 2022 VS 2030 ($ MILLION)
6. GLOBAL PRESSURIZED WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL BOILING WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL PRESSURIZED HEAVY WATER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL GAS COOLED REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL OTHER REACTOR BASED NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
12. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM FOR UTILITY MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM FOR INDUSTRIAL MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. US NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
16. CANADA NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
17. UK NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
18. FRANCE NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
19. GERMANY NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
20. ITALY NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
21. SPAIN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF EUROPE NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
23. INDIA NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
24. CHINA NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
25. JAPAN NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
26. SOUTH KOREA NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF ASIA-PACIFIC NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD NUCLEAR WASTE MANAGEMENT SYSTEM MARKET SIZE, 2022-2030 ($ MILLION)
