The nuclear waste management market is gathering steam over the years and is expected to continue during the forecast period 2016 - 2024. It is usually defined as leftover materials and residues after the nuclear fuel is burnt in reactors. Nuclear waste is highly radioactive and is also generated during varied operations involving industries such as medicine, defense, scientific research, etc. which produce byproducts containing radioactive waste.

The incessant use of non-renewable resources has led to exploring alternative energy sources. Hence, nuclear energy use is constantly on the rise. Nuclear waste can be classified as high-level waste, low and intermediate-level waste, and exempt waste. High-level waste requires cooling and shielding, but low-level waste can be exempted from shielding.

  • Increasing energy requirements via nuclear power plants amidst soaring electricity demand for catering to the rising population numbers may benefit the nuclear waste management market. New technological innovations to effectively segregate nuclear waste can also benefit the nuclear waste management market. For instance, a group of researchers recently discovered a nanoscience tool that helps interested stakeholders study radiation of material to be used for storing nuclear waste. This tool can enable them to design the perfect material for barriers and containers in nuclear waste management.
  • Considerable government support to the nuclear waste management market through stringent nuclear waste regulations and rules to curb harmful emissions may foster the growth of the nuclear waste management market. Varied nuclear-decommissioning projects may also prove to be beneficial for the nuclear waste management market. Furthermore, upcoming nuclear plant cleaning activities may also influence the nuclear waste management market to a great extent. In addition, contracts are constantly issued to key players in the nuclear waste management market for managing nuclear waste from various nuclear power plants. For instance, Viridor bagged a total nuclear waste management contract for delivering waste management services to the Hinkley Point C nuclear power plant.

High-level waste (HLW) created due to the use of nuclear reactors has been identified as a major issue globally. Unlike industrial waste, the hazards associated with nuclear waste, such as its radioactivity, do weaken with time. The used nuclear fuel left after it has spent over 3 years in reactors, generating heat to produce electricity, is the most significant HLW produced during nuclear generation. A majority of nuclear waste management strategies are therefore targeted at disposing of high-level waste. Transparency Market Research (TMR) finds that HLW accounted for the dominant share of 35.9% in the global nuclear waste management market in 2015.

Stringent Emission Control Norms to Create Opportunities for Nuclear Management Market

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. The rapidly growing population and the subsequently rising electricity demand, increasing dependence on fossil fuel, and increasing awareness regarding alternative energy sources are the key drivers of the global nuclear waste management market.

However, nuclear waste management requires high initial cost and has high payback period, which are inhibiting its growth trajectory to an extent. Nevertheless, the implementation of stringent government regulations aimed at curbing harmful emissions will boost opportunities for the market in the near future.

TMR forecasts the global nuclear waste management market to reach US$5,627.5 mn by 2024, rising at a CAGR of 16.7% between 2016 and 2024. The market stood at US$1,382 mn in 2016.

 

nuclear-waste-management-market

 

Increasing Installation of Pressurized Water Reactors Fuels Demand for Nuclear Waste Management

Globally, the demand for waste management services is expected to be the highest from pressurized water reactors. Boiling water reactors are likely to exhibit the second highest demand for nuclear waste management in the global market. In 2015, the pressurized water reactors segment led the global nuclear waste management market holding a dominant share of 69.3%.   

Likewise, the demand for nuclear waste management in boiling water reactors is also expected to rise 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.

Demand for Nuclear Waste Management to Considerably Increase in Europe and Asia Pacific

Regionally, North America, Asia Pacific, and Europe constitute the most lucrative markets for nuclear waste management. Currently, Europe exhibits the highest opportunities for nuclear waste management, followed by Asia Pacific. Both these regions together have more number of nuclear reactors, thereby contributing significantly to the mounting concern of nuclear waste. This is expected to give major impetus to the nuclear waste management market in the regions. Europe held a share of 41.3% in the global market in 2015.

The increasing investments in nuclear power projects in the region are expected to boost opportunities for nuclear waste management further in Europe. The prospects for the market in North America however are expected to remain moderate due to the shale gas boom witnessed in the region. With China planning to double its nuclear capacity by 2020, Asia Pacific is expected to emerge as the one of the most lucrative regions for enterprises operating in the global market. Growth opportunities for nuclear waste management in Asia Pacific are likely to exceed than that exhibited by Europe by 2024 due to the increasing investment in planner nuclear projects in the region.

Growth witnessed by the market in Rest of the World was sluggish in 2015. The presence of developing or economically unstable countries limits the growth of the nuclear waste management market in Rest of the World.

The global nuclear waste management market is led by companies such as Areva SA, Veolia Environment Services, Bechtel Corporation, US Ecology, Inc., Augean Plc., and others.

This research study analyzes the nuclear waste management market in terms of revenue (US$ Mn). The nuclear waste management market has been segmented on the basis of waste type, nuclear reactor type, and geography. The regional segments have been further divided into 12 sub-segments that comprise nine countries which are major players in the global nuclear waste management market. For the research, 2015 has been taken as the base year while all forecasts have been given for the 2016–2024 period. Market data for all the segments has been provided at the regional as well as country-specific level for the 2014–2024 period. The report provides a broad competitive analysis of companies engaged in nuclear waste management services. 

The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global nuclear waste management market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global nuclear waste management market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global nuclear waste management market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition. 

The report provides detailed insights into the nuclear waste management business globally. There are currently numerous drivers for the nuclear waste management market. One of the most prominent drivers is the stringent norms and regulations to reduce harmful emissions globally, mandating higher investments in nuclear power projects. Apart from this, nuclear waste management market would benefit from several planned nuclear decommissioning projects. Market attractiveness analysis was carried out for the nuclear waste management market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions. 

Growth in the market for nuclear waste management can be attributed to high focus on increasing energy requirements and achieving power supply targets. The market has received further impetus from rising environmental concerns to reduce harmful emissions. Regulations related to usage of efficient fuels and environmental concerns are building the next wave of nuclear waste management services. These regulations would have a significant impact on the nuclear waste management market. Currently, the growth potential for nuclear waste management market is in Europe, followed by Asia Pacific. Both Europe and Asia Pacific have more number of nuclear reactors and thereby, generate significant quantities of nuclear wastes. This would drive the market for nuclear waste management in the next few years 

The nuclear waste management market has been segmented in terms of waste type, nuclear reactor type and geography. By waste type, the nuclear waste management market has been segmented into low level waste, intermediate level waste, and high level waste. By nuclear reactor type, the market has been segmented into boiling water reactors, gas cooled reactors, pressurized water reactors, pressurized heavy water reactors, and others. The nuclear waste management market was analyzed across four geographies: North America, Europe, Asia Pacific, and Rest of the World. Europe, held the largest market share (41.3%), followed by Asia Pacific (30.1%) in 2015. Rising awareness about the need for nuclear power and huge investments in nuclear power projects are the primary drivers for the nuclear waste management market in Europe. The market in Rest of the World experienced sluggish growth in 2015. 

Regional data has been provided for each sub-segment of the nuclear waste management market. Key market participants in the nuclear waste management market include Areva SA, Augean Plc, Bechtel Corporation, BHI Energy, Perma-Fix Environmental Services, Inc., Swedish Nuclear Fuel and Waste Management Co., Stericycle, Inc., US Ecology, Inc., Veolia Environmental Services, and Waste Control Specialists, LLC. 

Nuclear Waste Management Market: By Waste Type

  • Low Level Waste
  • Intermediate Level Waste
  • High Level Waste

Nuclear Waste Management Market: By Nuclear Reactor

  • Boiling Water Reactors
  • Gas Cooled Reactors
  • Pressurized Water Reactors
  • Pressurized Heavy Water Reactors
  • Others

Nuclear Waste Management Market: By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Rest of the World
    • Argentina
    • South Africa
    • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Table of Content

  • Preface
    • Report Description
    • Research Scope
    • Market Segmentation
    • Research Methodology
  • Executive Summary
    • Nuclear Waste Management Market: Snapshot
  • Nuclear Waste Management Market – Industry Analysis
    • Introduction
    • Value Chain Analysis
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
    • Porter’s Five Forces Analysis
      • Bargaining Power of Suppliers
      • Bargaining Power of Buyers
      • Threat from New Entrants
      • Threat from Substitutes
      • Degree of Competition
    • Market Attractiveness Analysis
      • Market Attractiveness Analysis, by Regional Segment (2014)
    • Company Market Share Analysis (2014)
  • Nuclear Waste Management Market – Segment By Waste Type, By Revenue (US$ Mn), 2014-2024
    • Overview
    • Low Level Waste
    • Intermediate Level Waste
    • High Level Waste
  • Nuclear Waste Management Market – Segment By Nuclear Reactor Type, By Revenue (US$ Mn), 2014-2024
    • Overview
    • Boiling Water Reactors
    • Gas Cooled Reactors
    • Pressurized Water Reactors
    • Pressurized Heavy Water Reactors
    • Others
  • Nuclear Waste Management Market – Segment By Geography, By Revenue (US$ Mn), 2014-2024
    • Overview
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • France
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • Rest of Asia Pacific
    • Rest of the World (ROW)
      • Argentina
      • South Africa
      • Others
    • Company Profile
      • Areva SA
        • Company Overview
        • Financial Overview
        • Business Strategy
        • Recent Development

(*Note: Similar segmentation will be provided for each companies mentioned below)  

  • Augean Plc
  • Bechtel Corporation
  • BHI Energy
  • Perma-Fix Environmental Services, Inc.
  • Swedish Nuclear Fuel and Waste Management Co.
  • Stericycle, Inc.
  • US Ecology, Inc.
  • Veolia Environmental Services
  • Waste Control Specialists, LLC

List of Tables

Table 1. Global Nuclear waste management Market: Snapshot
Table 2. U.S. Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) 2014–2024
Table 3. U.S. Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) 2014–2024
Table 4. Canada, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 5. Canada, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 6. Mexico, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 7. Mexico, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 8. France, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 9. France, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 10. Russia, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 11. Russia, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 12. Rest of Europe, Nuclear Waste Management, By Waste Type, By Revenue(US$ Mn) , 2014–2024
Table 13. Rest of Europe, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue(US$ Mn) , 2014–2024
Table 14. China, Nuclear Waste Management, By Waste Type, By Revenue(US$ Mn) , 2014–2024
Table 15. China, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue(US$ Mn) , 2014–2024
Table 16. Japan, Nuclear Waste Management, By Waste Type, By Revenue(US$ Mn) , 2014–2024
Table 17. Japan, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue(US$ Mn) , 2014–2024
Table 18. Rest of Asia Pacific, Nuclear Waste Management, By Waste Type, By Revenue(US$ Mn) , 2014–2024
Table 19. Rest of Asia Pacific, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 20. Argentina, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 21. Argentina, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 22. South Africa, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 23. South Africa, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024
Table 24. Others, Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn) , 2014–2024
Table 25. Others, Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn) , 2014–2024

List of Figures

Figure 1. Global Nuclear Waste Management Market Segmentation
Figure 2. Global Nuclear Waste Management Market, Estimates and Forecast, By Revenue, 2014–2024 (US$ Mn) 
Figure 3. Global Nuclear Waste Management Market,  % Market Revenue, By Region, 2015
Figure 4. Global Nuclear waste management Market, Value Chain Analysis
Figure 5. Global Nuclear waste management Market, Global Energy Usage, % Share, By Fuel Type,      2014
Figure 6. Global Nuclear waste management Market, Global Carbon Emissions, By Sector, 2014
Figure 7. Market Attractiveness Analysis of Nuclear waste management Market, By Region, 2014
Figure 8. Global Nuclear waste management Market, Company Market Share (%) (2014)
Figure 9. Global Nuclear waste management Market, By Waste Type, 2015 and 2024
Figure 10. Global Nuclear Waste Management Market, Waste Type Segment, By Revenue (US$ Mn), 2014-2024
Figure 11. Global Nuclear waste management Market, Estimates and Forecast, By Low Level Waste, 2014–2024, By Revenue (US$ Mn)
Figure 12. Global Nuclear waste management Market, Estimates and Forecast, By Intermediate Level Waste, 2014–2024 , By Revenue (US$ Mn)
Figure 13. Global Nuclear waste management Market, Estimates and Forecast, By High Level Waste, 2014–2024, By Revenue (US$ Mn)
Figure 14. Global Nuclear waste management Market, By  Nuclear Reactor Type, 2015 and 2024
Figure 15. Global Nuclear Waste Management Market, Nuclear Reactor Type Segment, By Revenue (US$ Mn), 2014-2024
Figure 16. Global Nuclear waste management Market, Estimates and Forecast, By Boiling Water Reactors, 2014–2024, By Revenue (US$ Mn)
Figure 17. Global Nuclear waste management Market, Estimates and Forecast, By Gas Cooled Reactors, 2014–2024, By Revenue (US$ Mn)
Figure 18. Global Nuclear waste management Market, Estimates and Forecast, By Pressurized Water Reactors, 2014–2024, By Revenue (US$ Mn)
Figure 19. Global Nuclear waste management Market, Estimates and Forecast, By Pressurized Heavy Water Reactors, 2014–2024, By Revenue (US$ Mn)
Figure 20. Global Nuclear waste management Market, Estimates and Forecast, By Others, 2014–2024, By Revenue (US$ Mn)
Figure 21. Global Nuclear waste management Market Share, by Region, 2015 and 2024
Figure 22. North America Nuclear waste management Market Share, by Country, 2015 and 2024
Figure 23. North America Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn), 2014-2024
Figure 24. North America Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn), 2014-2024
Figure 25. Europe Nuclear waste management Market Share, by Country, 2015 and 2024
Figure 26. Europe Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn), 2014-2024
Figure 27. Europe Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn), 2014-2024
Figure 28. Asia Pacific Nuclear waste management Share, by Country, 2015 and 2024
Figure 29. Asia Pacific Nuclear Waste Management, By Waste Type, By Revenue (US$ Mn), 2014-2024
Figure 30. Asia Pacific Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn), 2014-2024
Figure 31. Rest of the World Nuclear waste management Share, by Country, 2015 and 2024
Figure 32. Rest of the World Nuclear waste management, By Waste Type, By Revenue (US$ Mn), 2014-2024
Figure 33. Rest of the World Nuclear Waste Management, By Nuclear Reactor Type, By Revenue (US$ Mn), 2014-2024
Figure 34. Areva SA, Revenue By Business Segment, 2012-2014
Figure 35. Areva SA, Revenue by Region, 2014
Figure 36. Augean PLC, Revenue By Business Segment, 2014
Figure 37. Bechtel Corporation, By Revenue, 2012-2014
Figure 38. Perma-Fix Environmental Services, Inc., Revenue By Business Segment, 2014
Figure 39. US Ecology, Inc., Revenue By Business Segment, 2014
Figure 40. US Ecology, Inc., Sales By Treatment and Disposal, 2012-2014
Figure 41. Veolia Environmental Services, Revenue By Business Segment, 2014
Figure 42. Veolia Environmental Services, Revenue By Region, 2014

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Nuclear Waste Management Market