Scope of the Study
Nuclear waste is also known as reactor waste. Nuclear waste is the material that nuclear fuel becomes after it is used in a reactor. There are three types of nuclear waste including low level waste, High-Level Waste and Intermediate-Level Waste. Increasing energy requirements as well as expanding dependency on Fossil Fuel will help to boost global nuclear waste management market. There are several types of reactors used for nuclear waste management such as Pressurized Water Reactor, Boiling Water Reactor, Pressurized Heavy Water Reactor and Gas Cooled Reactor.
The market study is being classified by Type (Low-Level Waste, High-Level Waste and Intermediate-Level Waste), by Application (Industrial and Utility) and major geographies with country level break-up. According to AMA, the Global Nuclear Waste Management market is expected to see growth rate of 16.8%
Augean Plc (United Kingdom), BHI Energy (United States), Perma-Fix Environmental Services, Inc. (United States), Swedish Nuclear Fuel and Waste Management Co. (Sweden), US Ecology, Inc. (United States), Veolia Environmental Services (France), DMT (Germany), Waste Control Specialists, LLC. (United States) and North Wind Group (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Stericycle, Inc. (United State), Bechtel Corporation (United States) and Pangea Resources (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Nuclear Waste Management market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Nuclear Waste Management market by Type, Application and Region.
On the basis of geography, the market of Nuclear Waste Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Reactor Type, the sub-segment i.e. Pressurized Water Reactor will boost the Nuclear Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Energy Requirements
- Expanding Dependency on Fossil Fuel
- Low Electricity Cost Will Encourage Economies to Develops More Nuclear Power Plants
- High Installation of Pressurized Water Reactors
- Growing Awareness Regarding the Benefits of Energy Derived From Alternative Sources
- High Cost of Nuclear Waste Management System
- Rising Demand Due To Growing Environmental Concerns
- Huge Demand Due To Regulations for Better Usage of Efficient Fuels
- Growing Risk Related With Transportation of Nuclear Waste
Market Leaders and their expansionary development strategies
On 16th January 2018, Perma-Fix Environmental Services, Inc. has collaborated with the Italian National Agency for New Technologies, Energy and Sustainable Economic Development (ENEA) to advance a variety of technologies including commercialization of Perma-Fix Medical, S.A.'s process to produce Technetium-99 (Tc-99m), the most widely used medical isotope in the world.
Key Target AudienceNuclear Waste Management System Developers, Industry Association, Downstream Vendors, Government Regularity Bodies, Private and Government Research Organization and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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