Nuclear waste management refers to storage of
hazardous waste far away from public in disposal facilities. This nuclear waste
is a radioactive and toxic by-product of nuclear weapon manufacturing, nuclear
medicine, and nuclear power plants. Nuclear waste management helps the
end-users to reduce the volume of waste and costs related to waste management
of nuclear power plants by optimizing the entire process beginning from waste
collection to final disposal. The companies in nuclear waste management offers
solutions related to new builds, nuclear power plants under decommissioning,
and operating nuclear power plants.
The global Nuclear
Waste Management Market Growth is set to witness significant growth due
to increasing energy demand in developing countries and rising population in
China. According to International Energy Agency’s (IEA) World Energy Outlook
2018, the energy demand is expected to grow by more than 25% between 2017 and
2040. Also, the nuclear power is expected to hold share of 15% in the total power
generation by 2040. All these factors are expected to drive the nuclear waste
management market. However, rising renewable power generation is one of the
major restraints for the global nuclear waste management market.
Segmental
Analysis
The nuclear waste management market has been segmented
based on application industrial, utilities, and others. Among these
applications, utility segment is the largest segment in the nuclear waste
management market due to nuclear waste generated by nuclear power plant. In
Middle East, there are new nuclear plants coming up in order to cater to
increasing energy demand.
Scope of the
Report
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global nuclear waste management
market, including high-growth regions and/or countries, and political and
economic environments. The project report further provides both – historical
market values and pricing & cost analysis.
Access Full Report at: https://www.marketresearchfuture.com/reports/nuclear-waste-management-market-7226
Key Players
The key players of the global nuclear waste management
market are Enercon Services, Inc., Veolia Environment SA, Studsvik AB, Posiva
Oy, Magnox Technologies Pvt. Ltd, Perma-Fix Environmental Services, Chase
Environmental Group, Bechtel Group Inc., Fluor, and BHI Energy.
Regional Outlook
Region wise, Middle East & Africa held the largest
market share of the global Nuclear Waste Management Market in 2017. there are activities
going on in various regions related to implementation of nuclear power plants.
For instance, China has been witnessing a huge investment amounting to USD 390
billion majorly going towards nuclear power. Also, the US has been generating
over 90,000 metric tons of nuclear water that needs disposal. The commercial
sector in the US, alone has generated waste more than any other country in the
world. Moreover, the US government’s nuclear weapon program has generated
nuclear fuel as well as high-level radioactive waste that accounts for about
14,000 metric tons. All these factors are driving the nuclear waste management
market in order to manage the waste.
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