Market Overview:
The global spent fuel reprocessing market is expected to grow from USD 9.5 billion in 2018 to USD 16.8 billion by 2030, at a CAGR of 6.3% from 2018 to 2030. The growth of the global spent fuel reprocessing market can be attributed to the increasing demand for nuclear energy and rising concerns about nuclear waste disposal. Based on type, the closed fuel cycle segment is projected to lead the global spent fuel reprocessing market during the forecast period. Closed fuel cycles are more efficient than open cycles as they recycle more plutonium and uranium, which reduces the need for mining new uranium ore bodies and decreases radioactive waste production by up to 95%. Based on application, boiling water reactors (BWRs) are projected to lead the global spent fuel reprocessing market during the forecast period.
Product Definition:
The reprocessing of spent nuclear fuel is the recovery of fissile materials, such as uranium and plutonium, from irradiated fuel. The purpose of reprocessing is to reduce the volume of high-level radioactive waste and to recycle valuable materials that can be used in nuclear reactors.
Closed Fuel Cycle:
Closed fuel cycle is a nuclear process in which used nuclear fuel is recycled so that it can be reused to generate electricity. The closed fuel cycle concept was first introduced in the early 1960s and since then, has been gaining popularity across the world. There are many advantages of using this technology as compared to open or conventional cycles, which include efficient utilization of energy sources and reduction of carbon emissions from coal plants.
Open Fuel Cycle:
Open fuel cycle is a process in which used nuclear fuel is recycled. It involves four major steps namely; Fuel preparation,Fuel processing,Fuel transportation andReprocessing. In the first step of open cycle method used nuclear fuels are extracted from the reactor and then they are sent to a special facility for further treatment. There the used uranium is converted into a metal that can be reused as new fresh fuel for another reactor with no loss of radioactivity along the way.
Application Insights:
Pressurized water reactors (PWRs) dominated the global reprocessing market with a share of over 70.0% in terms of capacity in 2017. PWR is one of the most widely used nuclear reactor types across multiple countries and territories owing to its ability to utilize low-cost, readily available, and relatively abundant natural Uranium resources as well as being a robust design that has stood the test of time.
The boiling water reactor (BWR) segment is expected to witness significant growth over the forecast period due to its usage in numerous commercial & civil stations across various regions which include North America, Europe, Asia Pacific and Middle East & Africa. The presence of numerous BWR units operating at full capacity across these regions are some factors that are anticipated to drive demand for spent fuel reprocessing services over the forecast period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to rising nuclear power plant construction in countries, such as China and India. For instance, China has planned to construct a total of 59 new reactors by 2030, out of which 22 are likely to be open cycle gas turbines and 17 are likely to be closed cycle boilers. Such investments in turn will drive spent fuel reprocessing activities in Asia Pacific region over the forecast period.
Latin America is also anticipated have significant growth opportunities for global spent fuel reprocessing market on account of increasing demand for nuclear power plants from Brazil and Argentina coupled with growing interest from other countries across this region owing to its abundant natural resources availability at economical costs along with low emission rates compared with other sources of energy production such as coal or petroleum based fuels (Liquefied Petroleum Gas; naphtha).
Growth Factors:
- Increasing demand for nuclear energy due to rising concerns over global warming and depleting fossil fuel resources
- Government initiatives for development of nuclear power infrastructure in countries such as China, India, and South Korea
- Proliferation of advanced reprocessing technologies that can reduce the volume and toxicity of waste products
- Growing number of decommissioned nuclear reactors that need to be safely disposed off
- Rising prices of uranium ore concentrates that are driving utilities to seek cheaper alternatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Spent Fuel Reprocessing Market Research Report
By Type
Closed Fuel Cycle, Open Fuel Cycle
By Application
Boiling Water Reactors, Gas Cooled Reactors, Pressurized Water Reactors, Pressurized Heavy Water Reactors, Other
By Companies
Orano, Bechtel Group, Fluor Corporation, Chase Environmental Group, Magnox Technologies, Posiva, Perma-Fix Environmental Services, Studsvik, Veolia Environment, SNC Lavalin, Enercon Services, Jiangsu Shentong Valve, China National Nuclear Industry Corporation 404
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Spent Fuel Reprocessing Market Report Segments:
The global Spent Fuel Reprocessing market is segmented on the basis of:
Types
Closed Fuel Cycle, Open Fuel Cycle
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
Boiling Water Reactors, Gas Cooled Reactors, Pressurized Water Reactors, Pressurized Heavy Water Reactors, Other
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
- Bechtel Group
- Fluor Corporation
- Chase Environmental Group
- Magnox Technologies
- Posiva
- Perma-Fix Environmental Services
- Studsvik
- Veolia Environment
- SNC Lavalin
- Enercon Services
- Jiangsu Shentong Valve
- China National Nuclear Industry Corporation 404
Highlights of The Spent Fuel Reprocessing 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:
- Closed Fuel Cycle
- Open Fuel Cycle
- By Application:
- Boiling Water Reactors
- Gas Cooled Reactors
- Pressurized Water Reactors
- Pressurized Heavy Water Reactors
- Other
- 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 Spent Fuel Reprocessing 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
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- Consumer Insights
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- Product & Brand Management
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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?
Spent fuel reprocessing is a process used to turn spent nuclear fuel into new nuclear fuel. The new nuclear fuel can be used in reactors to create electricity or heat.
Some of the major companies in the spent fuel reprocessing market are Orano, Bechtel Group, Fluor Corporation, Chase Environmental Group, Magnox Technologies, Posiva, Perma-Fix Environmental Services, Studsvik, Veolia Environment, SNC Lavalin, Enercon Services, Jiangsu Shentong Valve, China National Nuclear Industry Corporation 404.
The spent fuel reprocessing market is expected to register a CAGR of 6.3%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spent Fuel Reprocessing 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 Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size & Forecast, 2018-2028
4.5.1 Spent Fuel Reprocessing Market Size and Y-o-Y Growth
4.5.2 Spent Fuel Reprocessing Market Absolute $ Opportunity
Chapter 5 Global Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Type
5.2.1 Closed Fuel Cycle
5.2.2 Open Fuel Cycle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Applications
6.2.1 Boiling Water Reactors
6.2.2 Gas Cooled Reactors
6.2.3 Pressurized Water Reactors
6.2.4 Pressurized Heavy Water Reactors
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spent Fuel Reprocessing 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 Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Analysis and Forecast
9.1 Introduction
9.2 North America Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Type
9.6.1 Closed Fuel Cycle
9.6.2 Open Fuel Cycle
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 Spent Fuel Reprocessing Market Size Forecast by Applications
9.10.1 Boiling Water Reactors
9.10.2 Gas Cooled Reactors
9.10.3 Pressurized Water Reactors
9.10.4 Pressurized Heavy Water Reactors
9.10.5 Other
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 Spent Fuel Reprocessing Analysis and Forecast
10.1 Introduction
10.2 Europe Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Type
10.6.1 Closed Fuel Cycle
10.6.2 Open Fuel Cycle
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 Spent Fuel Reprocessing Market Size Forecast by Applications
10.10.1 Boiling Water Reactors
10.10.2 Gas Cooled Reactors
10.10.3 Pressurized Water Reactors
10.10.4 Pressurized Heavy Water Reactors
10.10.5 Other
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 Spent Fuel Reprocessing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Type
11.6.1 Closed Fuel Cycle
11.6.2 Open Fuel Cycle
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 Spent Fuel Reprocessing Market Size Forecast by Applications
11.10.1 Boiling Water Reactors
11.10.2 Gas Cooled Reactors
11.10.3 Pressurized Water Reactors
11.10.4 Pressurized Heavy Water Reactors
11.10.5 Other
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 Spent Fuel Reprocessing Analysis and Forecast
12.1 Introduction
12.2 Latin America Spent Fuel Reprocessing 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 Spent Fuel Reprocessing Market Size Forecast by Type
12.6.1 Closed Fuel Cycle
12.6.2 Open Fuel Cycle
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 Spent Fuel Reprocessing Market Size Forecast by Applications
12.10.1 Boiling Water Reactors
12.10.2 Gas Cooled Reactors
12.10.3 Pressurized Water Reactors
12.10.4 Pressurized Heavy Water Reactors
12.10.5 Other
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) Spent Fuel Reprocessing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spent Fuel Reprocessing 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) Spent Fuel Reprocessing Market Size Forecast by Type
13.6.1 Closed Fuel Cycle
13.6.2 Open Fuel Cycle
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) Spent Fuel Reprocessing Market Size Forecast by Applications
13.10.1 Boiling Water Reactors
13.10.2 Gas Cooled Reactors
13.10.3 Pressurized Water Reactors
13.10.4 Pressurized Heavy Water Reactors
13.10.5 Other
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 Spent Fuel Reprocessing Market: Competitive Dashboard
14.2 Global Spent Fuel Reprocessing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orano
14.3.2 Bechtel Group
14.3.3 Fluor Corporation
14.3.4 Chase Environmental Group
14.3.5 Magnox Technologies
14.3.6 Posiva
14.3.7 Perma-Fix Environmental Services
14.3.8 Studsvik
14.3.9 Veolia Environment
14.3.10 SNC Lavalin
14.3.11 Enercon Services
14.3.12 Jiangsu Shentong Valve
14.3.13 China National Nuclear Industry Corporation 404
