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Nuclear Waste Management Market Size & Share, by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, Pressurized Heavy Water Reactor); Waste Type (Low-Level Waste, High Level Waste, Intermediate Level Waste); Application (Utility, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3331
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Nuclear Waste Management Market size was valued at USD 4.95 billion in 2024 and is set to exceed USD 6.24 billion by 2037, registering over 1.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nuclear waste management is evaluated at USD 5.03 billion.

The growth of the market can be attributed to the growing rate of population and urbanization, increasing investments of governments in developed and developing nations to establish nuclear power plants, and rising industrialization in emerging economies. According to the United Nations organization, as of 2019, about 13,400 nuclear weapons remain in the world. The highest number of nuclear weapons belong to Russia and the United States, numbering to 6,500 and 6,185 weapons respectively.  Furthermore, there is a surge in concerns related to national security across the world, which is giving rise to the escalating development of nuclear weapons. This is turn is expected to raise the demand for nuclear waste management from these plants in the coming years. In addition, increase in carbon emissions globally is projected to offer abundant opportunities for the nuclear waste management market growth in the near future.

Growth Drivers

  • Rising Population and Urbanization Globally
  • Growing Investments to Develop Nuclear Weapons

Challenges

  • Risks Related to Transportation of Nuclear Waste

Nuclear Waste Management Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

1.8%

Base Year Market Size (2024)

USD 4.95 billion

Forecast Year Market Size (2037)

USD 6.24 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Nuclear Waste Management Segmentation

The nuclear waste management market is segmented by waste type into low-level waste, high level waste, and intermediate level waste, out of which, the low-level waste segment is anticipated to hold the largest share in market on account of the high generation of this type of nuclear waste from hospitals, manufacturing facilities and nuclear power stations. In addition, low-level waste is one of the easiest to handle and dispose, which is also predicted to drive growth to the nuclear waste management market segment in the future. Moreover, on the basis of application, the utility segment is assessed to occupy the largest share over the forecast period owing to the increasing usage of nuclear sources to generate electricity and heat around the globe. 

Our in-depth analysis of the global market includes the following segments:

           By Reactor Type
  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Gas Cooled Reactor
  • Pressurized Heavy Water Reactor

             By Waste Type
  • Low-Level Waste
  • High Level Waste
  • Intermediate Level Waste

 

 

           By Application
  • Utility
  • Industrial
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Nuclear Waste Management Industry - Regional Synopsis

On the basis of geographical analysis, the nuclear waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific industry is estimated to account for largest revenue share by 2037, on the back of high population growth coupled with rising electricity demand in countries such as China and India. For instance, the total electricity consumption in India in the year 2020 reached a value of 860 KWh, which was around two-thirds of the Asian average. Along with these, growing implementation of nuclear power plants is also projected to drive market growth in the APAC region. Moreover, the markets in Europe and North America are also expected to grab significant shares during the forecast period owing to the rise in development of nuclear weapons in countries, namely the US, France, Russia and the UK, strong presence of nuclear waste management market players, and growing environmental concerns for managing nuclear wastes in these regions.

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Companies Dominating the Nuclear Waste Management Landscape

    • Perma-Fix Environmental Services, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Augean Plc
    • Svensk Kärnbränslehantering AB
    • US Ecology, Inc.
    • Ansaldo Energia S.p.A
    • Waste Control Specialists, LLC
    • Bechtel Corporation
    • Barlett Nuclear, Inc.
    • BHI Energy
    • Energy Solutions

Recent Developments

  • June 2021: Perma-Fix announced that it began the development and construction of its new third generation vacuum thermal desorption system called Therma-Fix Gen3, which will provide a full treatment cycle for several problematic waste streams.

  • Report ID: 3331
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of nuclear waste management is evaluated at USD 5.03 billion.

Nuclear Waste Management Market size was valued at USD 4.95 billion in 2024 and is set to exceed USD 6.24 billion by 2037, registering over 1.8% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is estimated to account for largest revenue share by 2037, on the back of high population growth coupled with rising electricity demand in countries such as China and India.

The major players in the market are Perma-Fix Environmental Services, Inc., Augean Plc, Svensk Kärnbränslehantering AB, US Ecology, Inc., Ansaldo Energia S.p.A, and others.

Nuclear Waste Management Market Report Scope

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