Market Research Report
SPENT FUEL & NUCLEAR WASTE MANAGEMENT - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||860152|
|Published||Content info||157 Pages
Delivery time: 2-3 business days
|SPENT FUEL & NUCLEAR WASTE MANAGEMENT - Global Market Outlook (2017-2026)|
|Published: May 1, 2019||Content info: 157 Pages||
According to Stratistics MRC, the Global Spent Fuel & Nuclear Waste Management Market is expected to grow at a strong CAGR by 2026. Some of the key factors influencing the market growth include huge demand foe waste management services, increasing dependence on fossil fuel and Ongoing and upcoming nuclear plant decommissioning activities. However, high initial cost and has high payback period is restricting market growth.
Nuclear waste usually refers to materials or residues left after the burning of nuclear fuel in reactors. These residues mainly comprise radioactive materials that can cause acute radiation sickness.
Based on the application, boiling water reactors has significant growth in the forthcoming years. These reactors operate in lower fuel temperature and require lower pressure compared to pressurized water reactors. The boiling water reactors segment is thus poised to exhibit a greater CAGR than pressurized water reactors.
By Geography, Asia Pacific is expected to grow at the considerable market share during the forecast period. Asia-Pacific has the most significant number of power generation projects in the pipeline. Further, China is fast-tracking the development of third-generation nuclear power plants both in terms of domestic design as well as nuclear projects under construction.
Some of the key players in global spent fuel & nuclear waste management market are Studsvik AB, Perma-Fix Environmental Services, Veolia Environment SA, SNC Lavalin Group Inc, Bechtel Group Inc., Enercon Services, Inc., Posiva Oy, Fluor Corporation, Chase Environmental Group and Magnox Technologies Pvt. Ltd.