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.
