Spent Nuclear Fuel Waste Management Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis By Reactor Type ; Disposal Type ; and Geography

Description

List of Tables

The spent nuclear fuel waste management market was valued at US$ 6,124.1 million in 2022 and is projected to reach US$ 6,632.6 million by 2030; it is expected to grow at a CAGR of 1.0% during 2022-2030.

Regulatory Framework and Safety:

The management and long-term disposal of radioactive waste generated by nuclear power plants pose significant challenges. Developing safe and secure storage and disposal solutions is complex and can be met with public opposition and regulatory hurdles. The regulatory framework for spent nuclear fuel waste management is crucial to ensuring safety. Governments of various countries across the globe set strict guidelines for the handling and storage of radioactive waste. For example, the US employs the Nuclear Regulatory Commission (NRC) to oversee nuclear waste activities. The NRC enforces rules such as the Waste Isolation Pilot Plant (WIPP) in New Mexico, which stores transuranic waste deep underground. These regulations require strict safety measures, including secure packaging and geological isolation, to prevent potential environmental and health hazards. Compliance with these frameworks is critical to protecting the public and the environment from the long-term risks associated with nuclear waste. Thus, regulatory framework and safety measures related to nuclear fuel waste management drive the growth of the spent fuel nuclear waste management market.

The global spent nuclear fuel waste management market has been segmented based on reactor type and disposal type. Based on reactor type, the market has been segmented into pressurized water reactors, boiling water reactor, gas-cooled reactor, and others. By disposal type, the market has been bifurcated into near surface disposal and deep surface disposal. The global spent nuclear fuel waste management market has also been analyzed on the basis of five major regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

The US is among the leading countries in the global spent nuclear fuel waste management market, with a significantly higher number of reactors in operation for the generation of electricity through nuclear power plants. The US spent nuclear fuel waste management market has been experiencing significant growth for the past few years due to the rise in nuclear power generation in the country. The US is known for having a high inclination towards nuclear power, as the country is the largest producer of nuclear power. The country has 60 nuclear power plants and 92 nuclear reactors in operation. The US alone generates about 30% of total global nuclear energy.

As per the US Energy Information Association (EIA), the country generated about 772 TWh of electricity in the year 2022 from nuclear power plants. Spent nuclear fuel waste management in the US is driven by several key factors. The rise in demand for secure and safe spent nuclear fuel waste management in the US, with the rise in nuclear power generation, is expected to drive the growth of the market during the forecast period. In addition, political and regulatory pressures also exert a significant influence as both federal and state governments grapple with addressing public con, ensuring compliance with legal mandates, and aligning waste management strategies with existing laws. Economic considerations, including the costs of storage and potential liabilities, underscore the need for sustainable, cost-effective, and efficient solutions. Thus, the factors mentioned above are also projected to fuel the growth of the spent nuclear fuel waste management market in the coming years.

Augean Plc, Perma-Fix Environmental Services, Inc., Svensk Karnbranslehantering AB, Ansaldo Energia, US Ecology, Inc., Veolia Environmental Services, Bechtel Corporation, EnergySolutions, BHI Energy, and Waste Control Specialists, LLC are among the key spent nuclear fuel waste management market players profiled during this study. In addition, several other important spent nuclear fuel waste management market players have been studied and analyzed during the study to get a holistic view of the spent nuclear fuel waste management market and its ecosystem.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the spent nuclear fuel waste management market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the spent nuclear fuel waste management market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00031429

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Spent Nuclear Fuel Waste Management Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis

5. Spent Nuclear Fuel Waste Management Market - Key Industry Dynamics

5.1 Spent Nuclear Fuel Waste Management Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growing deployment of nuclear power plants
- 5.2.2 Regulatory Framework and Safety
- 5.2.3 Importance of automation in sorting and segregation of nuclear waste management
5.3 Market Restraints
- 5.3.1 Uncertainty and unclarity in cost of spent fuel nuclear waste management
5.4 Market Opportunities
- 5.4.1 Ongoing research and innovation on advanced nuclear waste management technologies
5.5 Future Trends
- 5.5.1 Role of nuclear power in future energy transition
5.6 Impact of Drivers and Restraints:

6. Spent Nuclear Fuel Waste Management Market - Global Market Analysis

6.1 Spent Nuclear Fuel Waste Management Market Revenue (US$ Million), 2022 - 2030
6.2 Spent Nuclear Fuel Waste Management Market Forecast and Analysis
- 6.2.1 Analysis

7. Spent Nuclear Fuel Waste Management Market Analysis - Reactor Type

7.1 Overview
- 7.1.1 Spent Nuclear Fuel Waste Management Market, By Reactor Type (2022 and 2030)
7.2 Pressurized Water Reactor
- 7.2.1 Overview
- 7.2.2 Pressurized Water Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Boiling Water Reactor
- 7.3.1 Overview
- 7.3.2 Boiling Water Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Gas Cooled Reactor
- 7.4.1 Overview
- 7.4.2 Gas Cooled Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

8. Spent nuclear fuel waste management market Analysis - Disposal Type

8.1 Overview
- 8.1.1 Spent Nuclear Fuel Waste Management Market, By Disposal Type (2022 and 2030)
8.2 Near Surface Disposal
- 8.2.1 Overview
- 8.2.2 Near Surface Disposal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Deep Surface Disposal
- 8.3.1 Overview
- 8.3.2 Deep Surface Disposal Market, Revenue and Forecast to 2030 (US$ Million)

9. Spent nuclear fuel waste management market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Spent Nuclear Fuel Waste Management Market Overview
- 9.2.2 North America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.2.3 North America Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
  - 9.2.3.1 North America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Reactor Type
- 9.2.4 North America Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.2.4.1 North America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Disposal Type
- 9.2.5 North America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.1 North America Nuclear Waste Management System Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.2 US Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.2.1 US Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.2.5.2.2 US Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.2.5.3 Canada Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.3.1 Canada Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.2.5.3.2 Canada Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.2.5.4 Mexico Spent nuclear fuel waste management market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.4.1 Mexico Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.2.5.4.2 Mexico Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.3 Europe
- 9.3.1 Europe Spent Nuclear Fuel Waste Management Market Overview
- 9.3.2 Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.3.3 Europe Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
  - 9.3.3.1 Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Reactor Type
- 9.3.4 Europe Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.4.1 Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Disposal Type
- 9.3.5 Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.1 Europe Nuclear Waste Management System Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.2 Germany Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.2.1 Germany Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.2.2 Germany Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.5.3 France Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.3.1 France Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.3.2 France Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.5.4 Spain Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.4.1 Spain Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.4.2 Spain Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.5.5 Russia Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.5.1 Russia Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.5.2 Russia Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.5.6 UK Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.6.1 UK Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.6.2 UK Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.3.5.7 Rest of Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.7.1 Rest of Europe Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.3.5.7.2 Rest of Europe Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.4 Asia-Pacific
- 9.4.1 Asia-Pacific Spent Nuclear Fuel Waste Management Market Overview
- 9.4.2 Asia-Pacific Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.4.3 Asia-Pacific Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
  - 9.4.3.1 Asia-Pacific Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Reactor Type
- 9.4.4 Asia-Pacific Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.4.4.1 Asia-Pacific Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Disposal Type
- 9.4.6 Asia-Pacific Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Country
  - 9.4.6.1 Asia-Pacific Nuclear Waste Management System Market Revenue and Forecasts and Analysis - By Country
  - 9.4.6.2 China Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.6.2.1 China Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.4.6.2.2 China Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.4.6.3 Japan Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.6.3.1 Japan Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.4.6.3.2 Japan Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.4.6.4 India Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.6.4.1 India Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.4.6.4.2 India Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.4.6.5 South Korea Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.6.5.1 South Korea Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.4.6.5.2 South Korea Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.4.6.6 Rest of Asia-Pacific Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.6.6.1 Rest of Asia-Pacific Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.4.6.6.2 Rest of Asia-Pacific Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.5 Middle East & Africa
- 9.5.1 Middle East & Africa Spent Nuclear Fuel Waste Management Market Overview
- 9.5.2 Middle East & Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.5.3 Middle East & Africa Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
  - 9.5.3.1 Middle East & Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Reactor Type
- 9.5.4 Middle East & Africa Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.5.4.1 Middle East & Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Disposal Type
- 9.5.5 Middle East & Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.1 Middle East & Africa Nuclear Waste Management System Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.2 South Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.2.1 South Africa Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.5.5.2.2 South Africa Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.5.5.3 U.A.E. Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.3.1 U.A.E. Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.5.5.3.2 U.A.E. Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.5.5.4 Rest of Middle East & Africa Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.4.1 Rest of Middle East & Africa Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.5.5.4.2 Rest of Middle East & Africa Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.6 South America
- 9.6.1 South America Spent Nuclear Fuel Waste Management Market Overview
- 9.6.2 South America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.6.3 South America Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
  - 9.6.3.1 South America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Reactor Type
- 9.6.4 South America Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.6.4.1 South America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Disposal Type
- 9.6.5 South America Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis - By Country
  - 9.6.5.1 South America Nuclear Waste Management System Market Revenue and Forecasts and Analysis - By Country
  - 9.6.5.2 Brazil Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.2.1 Brazil Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.6.5.2.2 Brazil Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
  - 9.6.5.3 Argentina Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.3.1 Argentina Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
    - 9.6.5.3.2 Argentina Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type

10. Spent nuclear fuel waste management market - Impact of COVID-19 Pandemic

10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition

13. COMPANY PROFILES

13.1 Augean PLC
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Perma-Fix
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Svensk Karnbranslehantering AB
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Ansaldo Energia SPA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 US Ecology Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
13.6 Veolia Environnement SA
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 EnergySolutions
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 BHI Energy
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Waste Control Specialists LLC
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 1.10 Bechtel Corp
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index