Saturday, 18 September 2021 02:09 GMT

Nuclear Waste Management Market Growth to be Propelled by a CAGR of ~3% throughout 2022 2030


(MENAFN - America News Hour)Research Nester published a report titled “Nuclear Waste Management Market : Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global nuclear waste management market in terms of market segmentation by reactor type, waste type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global nuclear waste management market is estimated to occupy a large revenue by growing at a CAGR of ~3% during the forecast period, i.e., 2022 – 2030, owing to the rising population and urbanization around the world, and increasing government investments to establish nuclear power plants in developed and developing countries. Apart from these, growing security concerns which is giving rise to the high development of nuclear weapons is also expected to provide ample growth opportunities to the market.

The global nuclear waste management market is segmented by reactor type, waste type and application. Based on waste type, the low-level waste segment is anticipated to grab the largest market share during the forecast period on the back of high amount of low-level waste generated from manufacturing facilities, hospitals and nuclear power stations. Additionally, by application, the utility segment is projected to grab the largest share in the future ascribing to the increasing usage of nuclear energy to generate heat and electricity.

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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to witness noteworthy growth in the market over the forecast period attributing to the growing population, increasing establishment of nuclear power plants and high electricity demand in India and China.

Rapid Population Growth and Urbanization to Expand Market

Urbanization and population growth are significantly associated with energy use. Now, the world is witnessing an intensifying demand for increased productivity in various industry verticals, which in turn is raising the total demand for energy services such as lighting, power, heating, cooling and transportation. This is considered to be a notable factor to boost market growth in the near future.

However, issues associated with the transportation of nuclear waste is expected to operate as key restraint to the growth of the nuclear waste management market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global nuclear waste management market which includes company profiling of Perma-Fix Environmental Services, Inc., 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, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global nuclear waste management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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