Portland, OR -- (SBWIRE) -- 06/27/2017 -- Nuclear wastes are generated during various operations of the nuclear fuel cycle. Moreover, industries such as mining, nuclear power generation, and various chemical processes in industries, defense, medicine, and scientific research produce byproducts that include radioactive wastes. These wastes can be in multiple forms such as gas, liquid or solid, with different amount of radioactive levels. The waste remains radioactive for a few hours and even up to thousands of years. Furthermore, based on the level and nature of radioactivity, radioactive wastes can be classified as exempt waste, low & intermediate level waste, and high-level waste.

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The market witnesses a significant growth owing to the stringent norms as well as regulations to inhibit toxic nuclear emissions worldwide and mandating more investments in nuclear power projects. Numerous nuclear decommissioning projects drive the nuclear waste management market. Rise in energy requirements and demand for power supply is expected to fuel the market growth. Moreover, growth of environmental concerns to reduce harmful emissions emitted by other forms of energy such as coal-based plants acts as an important factor for market growth. In addition, regulations for better usage of efficient fuels and environmental concerns are expected to create new opportunities for market growth. The growth potential for nuclear waste management market is expected in Europe as well as Asia-Pacific owing to large number of nuclear reactors, which generate more nuclear waste. However, risk associated with transportation of nuclear waste and the high cost of treatment restrains the market growth.

Nuclear Waste Management Market Key Segments:

By Waste Type
-Low-Level Waste
-High-Level Waste
-Intermediate-Level Waste

By Reactor Type
-Pressurized Water Reactor
-Boiling Water Reactor
-Pressurized Heavy Water Reactor
-Gas Cooled Reactor

By Application
-Industrial
-Utility

By Geography
-North America
-U.S.
-Canada
-Mexico

-Europe
-Germany
-Spain
-UK
-Russia
-France
-Rest of Europe

-Asia-Pacific
-China
-India
-Japan
-Australia
-Korea
-Rest of Asia-Pacific

-LAMEA
-Brazil
-Turkey
-South Africa
-Rest of LAMEA

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