The global nuclear waste management system market is anticipated to grow at a considerable CAGR of 2.1% during the forecast period (2024-2031). The growing development of nuclear weapons by major economies has led to pile up of nuclear waste; which in turn creating the demand for its management; thereby driving the global nuclear power waste management market. For instance, in May 2023, Westinghouse Electric Company launched newest nuclear technology, the AP300 small modular reactor (SMR), a 300-MWe (900MWth) single-loop pressurized water reactor.
The AP300 SMR design is scaled from the advanced, proven AP1000 reactor and is the only SMR truly based on an Nth-of-a-kind operating plant. The AP300 SMR is an ultra-compact, modular-constructed unit that leverages the innovation and operational knowledge of the global AP1000 fleet. It will utilize identical AP1000 technology, to include major equipment, structural components, passive safety, proven fuel, and I&C systems. The AP300 will bring to bear a mature supply chain, constructability lessons learned, fast load-follow capabilities and proven O&M procedures and best practices from 18 reactor years of safe AP1000 operations.
Further, in September 2021, China opened its first plant to turn radioactive waste into glass. The plant in Guangyuan in the southwestern province of Sichuan will be able to process several hundred cubic metres of high level radioactive liquid waste each year Such developments are further contributing to the growth of the global market.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2023-2031
Segment Covered-
- By Waste Type
- By Reactor Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Fluor Corp., Bechtel Corp., Westinghouse Electric Company LLC, Veolia Environnement SA, Perma-Fix Environmental Services, Inc. among others.
Nuclear Waste Management System Market Report Segment
By Waste Type
- Low-level Waste
- Intermediate-level Waste
- High-level Waste
By Reactor Type
- Pressurized Water Reactor
- Boiling Water Reactor
- Pressurized Heavy Water Reactor
- Gas Cooled Reactor
- Others
By End-User
- Utility
- Industrial
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Nuclear Waste Management System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Agence Nationale pour la gestion des déchets radioactifs (ANDRA)
- Augean PLC
- Bechtel Corp.
- BHI Energy
- Cabrera Services Inc.
- Chase Environmental Inc.
- Enercon Services Inc.
- EnergySolutions Inc.
- Fluor Corp.
- Holtec International Corp.
- JGC Corp.
- Orano SA
- Perma-Fix Environmental Services Inc.
- Stericycle Inc.
- Studsvik AB
- US Ecology Inc.
- Veolia Environment SA
- Waste Control Specialists LLC
- Westinghouse Electric Company LLC (Toshiba)
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