Market Overview:
The global radioactive waste management system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nuclear power and rising concerns over nuclear security. In addition, the growing number of research and defense activities are also contributing to the growth of this market. Based on type, low level waste dominates the global radioactive waste management system market, followed by intermediate level and high level wastes. Low level wastes are generated from various industries such as medical, research, and manufacturing sectors. On the other hand, intermediate and high-level wastes are generated from nuclear reactors during power generation or reprocessing of spent fuel rods. In terms of application, nuclear power industry dominates the global radioactive waste management system market followed by defense & research activities and others segments respectively. Nuclear power industry accounted for more than 60% share in 2017 owing to increase in number of new reactors being installed across different parts of world coupled with stringent regulations imposed by governments for safe handling & disposal Radioactive Waste Management System Marketof these materials .
Product Definition:
Radioactive waste management system is a comprehensive approach to the safe handling, transport and disposal of radioactive wastes. The system ensures that radioactive materials are handled, transported and disposed of in a manner that protects public health and the environment.
Low Level Waste:
Low level radioactive waste is the nuclear energy residuals which remains after used in a nuclear reactor for power generation. The low level radioactive waste comprises of ionizing radiation and other radioactive elements such as uranium, thorium, potassium and lanthanum. Radioactive wastes are divided into high-level (above storage limit) and low-level (below storage limit) waste depending upon their radioactivity levels.
Intermediate Level Waste:
Intermediate level waste is the radioactive material with a half-life of more than 60 minutes and whose decay mode is not known. The most common types of intermediate level waste are used fuel cladding, nuclear medicine sources, medical irradiation sources and spent nuclear fuel assemblies. It accounts for around 10% to 15% of total radioactive wastes generated by power generation activities but its toxicity makes it the most harmful type among other wastes.
Application Insights:
The global radioactive waste management system market is segmented on the basis of application into nuclear power industry, defense and research, medical and dental applications, others. The nuclear power industry dominated the overall market in terms of revenue share in 2017. This can be attributed to increasing demand for electricity generation from commercial sectors such as manufacturing and transportation coupled with an increase in number of reactors over the past few years.
Increasing usage rates for low-activity wastes (LABW) within existing disposal facilities are expected to drive growth over the forecast period. Radioactive decay typically produces heat energy when it occurs inside a reactor or Geiger-Muller tube but does not produce any useful energy when done by itself outside a reactor or Geiger-Muller tube; this type of waste is called Low Level Waste (LLW). LLW accounts for a major share within generated radioactive wastes since they do not possess enough activity to generate electricity or cause significant damage if disposed at normal levels above ground.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., which is the major contributor to the regional market, has a well-developed regulatory framework for radioactive waste management and disposal activities.
Asia Pacific is expected to grow at an exponential rate during the forecast period owing to increasing demand from nuclear power plant construction projects coupled with growing defense expenditure by countries such as China and India.
Europe was another key contributor towards growth within the global arena owing to its stringent regulations pertaining toward storage.
Growth Factors:
- Increasing demand for radioactive waste management system from the nuclear power industry to meet the stringent regulatory norms.
- Proliferation of nuclear technology and increase in number of research reactors is expected to drive the market growth for radioactive waste management system.
- Stringent government regulations pertaining to safe handling and disposal of radioactive waste is anticipated to propel the market growth over the forecast period.
- Growing awareness about environmental safety and concerns regarding radiation exposure is projected to fuel demand for advanced radioactive waste management systems over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Radioactive Waste Management System Market Research Report
By Type
Low Level Waste, Intermediate Level Waste, High Level Waste
By Application
Nuclear Power Industry, Defense and Research, Others
By Companies
Orano, EnergySolutions, Veolia Environment Services, Fortum, Swedish Nuclear Fuel and Waste Management, Jacobs, Fluor Corporation, JGC Corporation, Westinghouse Electric Company, NWMO, Waste Control Specialists, LLC, US Ecology, Perma-Fix Environmental Services, Inc., Stericycle, Yuanda, Yingliu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Radioactive Waste Management System Market Report Segments:
The global Radioactive Waste Management System market is segmented on the basis of:
Types
Low Level Waste, Intermediate Level Waste, High Level Waste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nuclear Power Industry, Defense and Research, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orano
- EnergySolutions
- Veolia Environment Services
- Fortum
- Swedish Nuclear Fuel and Waste Management
- Jacobs
- Fluor Corporation
- JGC Corporation
- Westinghouse Electric Company
- NWMO
- Waste Control Specialists, LLC
- US Ecology
- Perma-Fix Environmental Services, Inc.
- Stericycle
- Yuanda
- Yingliu
Highlights of The Radioactive Waste Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Level Waste
- Intermediate Level Waste
- High Level Waste
- By Application:
- Nuclear Power Industry
- Defense and Research
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radioactive Waste Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A radioactive waste management system is a set of practices and procedures used to manage radioactive materials.
Some of the major players in the radioactive waste management system market are Orano, EnergySolutions, Veolia Environment Services, Fortum, Swedish Nuclear Fuel and Waste Management, Jacobs, Fluor Corporation, JGC Corporation, Westinghouse Electric Company, NWMO, Waste Control Specialists, LLC, US Ecology, Perma-Fix Environmental Services, Inc., Stericycle, Yuanda, Yingliu.
The radioactive waste management system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radioactive Waste Management System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Radioactive Waste Management System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Radioactive Waste Management System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Radioactive Waste Management System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Radioactive Waste Management System Market Size & Forecast, 2018-2028 4.5.1 Radioactive Waste Management System Market Size and Y-o-Y Growth 4.5.2 Radioactive Waste Management System Market Absolute $ Opportunity
Chapter 5 Global Radioactive Waste Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Radioactive Waste Management System Market Size Forecast by Type
5.2.1 Low Level Waste
5.2.2 Intermediate Level Waste
5.2.3 High Level Waste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radioactive Waste Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Radioactive Waste Management System Market Size Forecast by Applications
6.2.1 Nuclear Power Industry
6.2.2 Defense and Research
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radioactive Waste Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radioactive Waste Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Radioactive Waste Management System Analysis and Forecast
9.1 Introduction
9.2 North America Radioactive Waste Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Radioactive Waste Management System Market Size Forecast by Type
9.6.1 Low Level Waste
9.6.2 Intermediate Level Waste
9.6.3 High Level Waste
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Radioactive Waste Management System Market Size Forecast by Applications
9.10.1 Nuclear Power Industry
9.10.2 Defense and Research
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Radioactive Waste Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Radioactive Waste Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Radioactive Waste Management System Market Size Forecast by Type
10.6.1 Low Level Waste
10.6.2 Intermediate Level Waste
10.6.3 High Level Waste
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Radioactive Waste Management System Market Size Forecast by Applications
10.10.1 Nuclear Power Industry
10.10.2 Defense and Research
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Radioactive Waste Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radioactive Waste Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Radioactive Waste Management System Market Size Forecast by Type
11.6.1 Low Level Waste
11.6.2 Intermediate Level Waste
11.6.3 High Level Waste
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Radioactive Waste Management System Market Size Forecast by Applications
11.10.1 Nuclear Power Industry
11.10.2 Defense and Research
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Radioactive Waste Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Radioactive Waste Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Radioactive Waste Management System Market Size Forecast by Type
12.6.1 Low Level Waste
12.6.2 Intermediate Level Waste
12.6.3 High Level Waste
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Radioactive Waste Management System Market Size Forecast by Applications
12.10.1 Nuclear Power Industry
12.10.2 Defense and Research
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Radioactive Waste Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radioactive Waste Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Radioactive Waste Management System Market Size Forecast by Type
13.6.1 Low Level Waste
13.6.2 Intermediate Level Waste
13.6.3 High Level Waste
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Radioactive Waste Management System Market Size Forecast by Applications
13.10.1 Nuclear Power Industry
13.10.2 Defense and Research
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radioactive Waste Management System Market: Competitive Dashboard
14.2 Global Radioactive Waste Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orano
14.3.2 EnergySolutions
14.3.3 Veolia Environment Services
14.3.4 Fortum
14.3.5 Swedish Nuclear Fuel and Waste Management
14.3.6 Jacobs
14.3.7 Fluor Corporation
14.3.8 JGC Corporation
14.3.9 Westinghouse Electric Company
14.3.10 NWMO
14.3.11 Waste Control Specialists, LLC
14.3.12 US Ecology
14.3.13 Perma-Fix Environmental Services, Inc.
14.3.14 Stericycle
14.3.15 Yuanda
14.3.16 Yingliu