The global Nuclear Waste Management Market is expected to grow at a 3.00% CAGR during the forecast period. The global nuclear waste management market is projected to grow at a moderate growth rate during the forecast period, very small amount of waste being generated by nuclear power as compared to other thermal electricity generation technologies. However, there are various nuclear projects that are coming up, especially in Middle East & Africa that might positively drive the nuclear waste management market in the coming years.
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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.
Global nuclear waste management market has been segmented based on waste type, reactor type, and application, and region. Based on waste type, the market has been classified into low-level waste, high-level waste, and intermediate-level waste. Low-level waste type dominates the market as low-level waste is inclusive of materials that are required to be properly stored away from land and human exposure.
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Middle East & Africa is estimated to dominate the market for Nuclear Waste Management
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.
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