Global Nuclear Waste Management Market Size, Share, Growth Analysis, By Type, By Method, By Application

Description

Global Nuclear Waste Management Market size was valued at USD 4.8 billion in 2022 and is poised to grow from USD 4.89 billion in 2023 to USD 5.69 billion by 2031, growing at a CAGR of 1.9% during the forecast period (2024-2031).

The need for safe and efficient waste disposal grows along with the use of nuclear power, which has led to a recent boom in the global nuclear waste management market. Put another way, investments in waste management are fueled by growing awareness of environmental and public safety concerns. The two primary forces behind the trend are the globalization of nuclear energy and the growing awareness of the necessity for waste disposal that is safe for the environment. However, creating this cutting-edge waste management technology comes with challenges including the intricacy of laws, public concern, and expense. Market surveys indicate that novel concepts, such as the development of deep geological repositories and improved waste treatment technologies, are gaining traction. These show a reasonable approach to the issues surrounding radioactive waste.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Nuclear Waste Management Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Nuclear Waste Management Market Segmental Analysis

The global nuclear waste management market is segmented into four major segments i.e. by waste type, waste management method, application, and region. Based on waste type, it is divided into high-level waste, intermediate-level waste, low-level waste. Based on waste management methods, it is bifurcated as deep geological repositories, surface storage, near-surface disposal, transmutation. Based on application it is segregated into nuclear power plants, research institutions, industrial applications. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Drivers of the Global Nuclear Waste Management Market

The increasing reliance on nuclear power as a low-carbon energy source on a worldwide scale underscores the necessity of efficient waste management. Governments and business are compelled by environmental concern to safely address the issue of radioactive waste. Furthermore, advancements in immobilization and reprocessing technology offer even more environmentally friendly alternatives for treating radioactive waste.

Restraints in the Global Nuclear Waste Management Market

One of the main things constraining market conditions is the strict regulations required by the intricate legal situation around the disposal of nuclear waste. Public opposition, ignorance of the environmental risks associated with managing radioactive waste, and people's fear for their life are further barriers.

Market Trends of the Global Nuclear Waste Management Market

The growing acceptance of research and development (R&D) to advance waste treatment technologies, including studies into enhanced reprocessing agents and substitute disposal materials, among other topics. Second, there is a noticeable increase in the trend of global sharing and cooperation. Collaboration is required to address common challenges in the management of radioactive waste, as countries face similar concerns.

Product Code: SQMIG10F2018

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Nuclear Waste Management Market by Type

Market Overview
High-Level Waste
Intermediate-Level Waste
Low-Level Waste

Global Nuclear Waste Management Market by Method

Market Overview
Deep Geological Repositories
Surface Storage
Near-Surface Disposal
Transmutation

Global Nuclear Waste Management Market by Application

Market Overview
Nuclear Power Plants
Research Institutions
Industrial Applications

Global Nuclear Waste Management Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

Centralised Interim Storage Facility GmbH (CIS GmbH) (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ONDRAF/NIRAS (Belgium)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nuclear Waste Management Organization of Japan (NUMO)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Svensk Karnbranslehantering AB (SKB) (Sweden)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Posiva Oy (Finland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
National Radioactive Waste Management Agency (NRWMA) (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
United States Department of Energy (DOE) (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Areva (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NAC International Ltd. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BWXT Nuclear Operations Group (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Perma-Fix Environmental Services, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Studsvik Nuclear AB (Sweden)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bechtel Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fluor Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jacobs Engineering Group Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nuclear Waste Services Ltd. (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Transnuclear, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
EnergySolutions, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Waste Control Specialists, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BWXT Canada Ltd. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Nuclear Waste Management Market Size, Share, Growth Analysis, By Type, By Method, By Application - Industry Forecast 2024-2031