The global Nuclear Waste Management Market is expected to grow at ~ 3.00% CAGR during the forecast period.
Nuclear waste management includes proper diagnosis of the nuclear waste left behind. The main purpose of nuclear waste management is the proper disposal of nuclear waste that comes out of the nuclear reactor and is dangerously radioactive and left un-attended for longer period of time. The main objective of nuclear waste management is disposing off nuclear waste in order to protect environment. Lack of efficient disposal of nuclear waste can result in leakage of radiation causing damage to life or properties. Hence, it will require proper disposal system, thus driving the nuclear waste management market growth.
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Based on application, the market has been segmented as industrial, utility, and others. Utility segment is expected to dominate the market during the forecast period due to nuclear waste generated by nuclear power plant.
Market Research Analysis
Middle East & Africa is estimated to dominate Nuclear Waste Management Market
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.
Scope of the Report
This report provides an in-depth analysis of the global Nuclear Waste Management Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Nuclear Waste Management Market by its waste type, reactor type, application, and region.
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, among others.
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