In
2014, the total power generated by these facilities is around 2,364
billion kWh. Nuclear waste management costs around 5% of the total
cost of the electricity generated. Nuclear power plants provide
around 15% of world’s electricity with more than 430 nuclear power
plants operating worldwide to generate electricity and numerous
research reactors. There are around 75 new nuclear plants under
construction in 15 countries. There are more than 10 countries across
the globe that relies on nuclear energy to supply at least one forth
of their total electricity.
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Radioactive Waste Management Market Report
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There
are two sources of nuclear wastes: waste produced from the nuclear
power plant as a by-product or from other miscellaneous applications
such as research and medicine and contains radioactive material.
Nuclear waste is hazardous to most forms of life and is regulated by
the government agencies. Most of the fuel used in nuclear power
plants consists of small uranium pellets which are stacked inside an
alloy fuel and is stored in airtight steel or concrete and steel
containers or in steel-lined concrete pools filled with water.
Nuclear
waste is radioactive and hot when it is taken out of the reactor and
should be disposed properly to protect human beings as well as
environment. Nuclear waste can remain radioactive for a very long
time and it is difficult to find a disposal facility for radioactive
waste. A disposable facility should be able to contain waste for a
long time and is chosen on the bases of type of waste being disposed.
Radioactive waste disposal technologies have been evolving and strict
environmental protection and population prevention standards are
maintained. Due to the complicated regulatory structure for managing
nuclear waste, disposingthe waste is a complex issue. Despite of the
number of time a nuclear fuel is used, it is disposed in a permanent
geologic repository. For an integrated used nuclear fuel management
program, underground disposal in a specially designed facility is an
essential element.
On
the basis of types of nuclear waste, the global radioactive waste
management market can be segmented into exempt waste (EW), long and
intermediate level waste (LILW) and High level waste (HLW). Items
that have been in contact with radioactive materials such as tools,
gloves, purification filters and personal protective clothing are
categorized as low level radioactive waste.
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There
is approximately 270,000 tons of used fuel. Approximately 90% of used
fuel is in storage ponds and the rest in dry storage. Nuclear fuel
waste is arising 12,000 tons per year and about 3,000 tons of the
waste is reprocessed. In 2010, majority of the nuclear waste was
generated from the U.S.; which is about 280,000 tones followed by
France which is around 159000 tons and Germany which produced around
45,000 tones.
The
Fukushima nuclear accident in Japan has compelled many countries to
reduce dependency on nuclear power plants and focus on other sources
to produce electricity. Even countries such as Switzerlandand Germany
have fixed a timeline for shutdown all of their nuclear plants. Most
of the nuclear plants in the world are more than 30 years old.
Dismantling a nuclear facility is also a problem for the industry.
Some
of the key companies in the global radioactive waste management
market include Swedish Nuclear Fuel and Waste Management Company,
Ecology Services, Inc., Veolia Environmental Services and Kurion Inc
among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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for Buying this Report
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report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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