Nuclear Waste Management Market Size, Trends & Growth Opportunity, By Waste Type (Low-Level, High-Level, and Intermediate-Level Waste), By Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Pressurized Heavy Water Reactor, and Gas Cooled Reactor), By Disposal Options (Near Surface Disposal and Deep Geological Disposal), By Application (Industrial and Utility), and By Region and Foreca
Report ID : QR1001355 | Industries : Energy & Power | Published On :January 2022 | Page Count : 233Nuclear Waste Management Market
Nuclear waste management (NWM) refers to the widely used practise of storing hazardous waste away from the general public. Nuclear waste, which includes radioactive waste from nuclear power plants, nuclear weapons, and medical isotope production, is one of the most difficult types of waste to manage in our society. Because of its high radioactivity, it must be safely isolated from humans and the environment until it no longer poses a threat, which could take a million years or more. From designing engineered facilities to isolate waste from future civilisations to inventing new materials to immobilise weapons-grade and surplus civil plutonium, this review will demonstrate that nuclear waste management is a world of materials science and engineering challenges that must withstand the test of time.
Drivers: The growth of the nuclear waste management market will be aided by rising energy demands from nuclear power plants. The rising demand for electricity as a result of the world's growing population will have a positive impact on business growth. These activities allow for the adoption of advanced technologies and techniques, which improve the convenience quotient and aid in the efficient management of large amounts of nuclear waste. The introduction of nuclear decommissioning projects, combined with a growing awareness of alternative energy sources, will boost the industry's prospects.
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Restraints: The risk of nuclear waste transportation and the high cost of treatment limit the growth of the Nuclear Waste Management Market.
Impact of Covid-19
The ongoing COVID-19 pandemic has had a significant impact on the global economy, resulting in a variety of lifestyle and business changes as a result of lockdowns and social distancing norms. Due to the impact of the COVID-19 outbreak on the workforce and supply chains, nuclear power reactors have not been forced to shut down. According to the IAEA, plant operators and regulators have maintained plant safety and security despite the pandemic's impact on them in a variety of ways, including planned outages and maintenance plans. Even during the pandemic, this resulted in an increase in nuclear waste, necessitating the development of nuclear waste management systems.
Segmentation By Waste Type: Nuclear Waste Management Market is classified on the basis of Waste Type into Low-Level Waste, High-Level Waste, and Intermediate-Level Waste.
Segmentation By Reactor Type: Nuclear Waste Management Market is classified on the basis of Reactor Type into Pressurized Water Reactor, Boiling Water Reactor, Pressurized Heavy Water Reactor, and Gas Cooled Reactor.
Segmentation By Disposal Options: Nuclear Waste Management Market is classified on the basis of Disposal Options into Near Surface Disposal and Deep Geological Disposal.
Segmentation By Application: Nuclear Waste Management Market is classified on the basis of Application into Industrial and Utility.
Segmentation By Region: Nuclear Waste Management Market is classified on the basis of Region into
Competitive Landscape: The key players of Nuclear Waste Management Market are Augean Plc, Perma-Fix Environmental Services, Inc., Svensk Kärnbränslehantering AB, Ansaldo Energia, US Ecology, Inc., Veolia Environmental Services, Bechtel Corporation, Energysolutions, BHI Energy, and Waste Control Specialists, LLC.
Industrial Development
- In 2021, EnergySolutions announced that it had reached an agreement with Dominion Energy to purchase the Kewaunee Power Station (KPS) in Carlton, Wisconsin.
- Ansaldo Nucleare was awarded a €10 million framework contract by the European Commission in 2020. Ansaldo Nucleare is responsible for roughly 40% of the contract's total value, with the goal of evaluating the nuclear fusion power plant's physics and technology system architecture, overall configuration, and system engineering processes.
- Waste Control Specialists LLC, the company's wholly owned subsidiary, announced in August 2020 that it had decided to issue a draught for the near-surface disposal of Class A, B, and C low-level radioactive waste (LLRW) at the subsidiary's site in Andrews County, Texas.
Market Taxonomy
By Waste Type
- Low-Level Waste
- High-Level Waste
- Intermediate-Level Waste
By Reactor Type
- Pressurized Water Reactor
- Boiling Water Reactor
- Pressurized Heavy Water Reactor
- Gas Cooled Reactor
By Disposal Options
- Near Surface Disposal
- Deep Geological Disposal
By Application
- Industrial
- Utility
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Nuclear Waste Management Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Nuclear Waste Management Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Nuclear Waste Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Nuclear Waste Management Market, By Reactor Type
5.1 Y-o-Y Growth Comparison, By Reactor Type
5.2 Nuclear Waste Management Market Share Analysis, By Reactor Type
5.3 Nuclear Waste Management Market Size and Forecast, By Reactor Type
5.3.1 Low-Level Waste
5.3.2 High-Level Waste
5.3.3 Intermediate-Level Waste
6. Global Nuclear Waste Management Market, By Device Type
6.1 Y-o-Y Growth Comparison, By Device Type
6.2 Nuclear Waste Management Market Share Analysis, By Device Type
6.3 Nuclear Waste Management Market Size and Forecast, By Device Type
6.3.1 Pressurized Water Reactor
6.3.2 Boiling Water Reactor
6.3.3 Pressurized Heavy Water Reactor
6.3.4 Gas Cooled Reactor
7. Global Nuclear Waste Management Market, By Disposal Options
7.1 Y-o-Y Growth Comparison, By Disposal Options
7.2 Nuclear Waste Management Market Share Analysis, By Disposal Options
7.3 Nuclear Waste Management Market Size and Forecast, By Disposal Options
7.3.1 Near Surface Disposal
7.3.2 Deep Geological Disposal
8. Global Nuclear Waste Management Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8. Nuclear Waste Management Market Share Analysis, By Application
8.3 Nuclear Waste Management Market Size and Forecast, By Application
8.3.1 Industrial
8.3.2 Utility
9. Global Nuclear Waste Management Market, By Region
9.1 Nuclear Waste Management Market Share Analysis, By Region
9.2 Nuclear Waste Management Market Size and Forecast, By Region
9.3 Nuclear Waste Management Market Size and Forecast, By Region
10. North America Nuclear Waste Management Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Nuclear Waste Management Market Share Analysis, By Reactor Type
10.3 North America Nuclear Waste Management Market Size and Forecast, By Device Type
10.4 North America Nuclear Waste Management Market Size and Forecast, By Disposal Options
10.5 North America Nuclear Waste Management Market Size and Forecast, By Application
10.6 North America Nuclear Waste Management Market Size and Forecast, By Geography Type
10.6.1 US
10.6.2 Canada
11. Europe Nuclear Waste Management Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Nuclear Waste Management Market Share Analysis, By Reactor Type
11.3 Europe Nuclear Waste Management Market Size and Forecast, By Device Type
11.4 Europe Nuclear Waste Management Market Size and Forecast, By Disposal Options
11.5 Europe Nuclear Waste Management Market Size and Forecast, By Application
11.6 Europe Nuclear Waste Management Market Size and Forecast, By Country
11.6.1 UK
11.6.2 Germany
11.6.3 France
11.6.4 Italy
11.6.5 Spain
11.6.6 Netherland
12. Asia Pacific Nuclear Waste Management Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Nuclear Waste Management Market Share Analysis, By Reactor Type
12.3 Asia Pacific Nuclear Waste Management Market Size and Forecast, By Device Type
12.4 Asia Pacific Nuclear Waste Management Market Size and Forecast, By Disposal Options
12.5 Asia Pacific Nuclear Waste Management Market Size and Forecast, By Application
12.6 Asia Pacific Nuclear Waste Management Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Australia
13. Latin America Nuclear Waste Management Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Nuclear Waste Management Market Share Analysis, By Reactor Type
13.3 Latin America Nuclear Waste Management Market Size and Forecast, By Device Type
13.4 Latin America Nuclear Waste Management Market Size and Forecast, By Disposal Options
13.5 Latin America Nuclear Waste Management Market Size and Forecast, By Application
13.6 Latin America Nuclear Waste Management Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Nuclear Waste Management Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Nuclear Waste Management Market Share Analysis, By Reactor Type
14.3 Middle East Nuclear Waste Management Market Size and Forecast, By Device Type
14.4 Middle East Nuclear Waste Management Market Size and Forecast, By Disposal Options
14.5 Middle East Nuclear Waste Management Market Size and Forecast, By Application
14.6 Middle East Nuclear Waste Management Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16. Company Profiles
16.1 Augean Plc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Perma-Fix Environmental Services, Inc
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Svensk Kärnbränslehantering AB
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Ansaldo Energia
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Waste Control Specialists, LLC
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Bechtel Corporation
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Energysolutions
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies