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Europe Nuclear Waste Management System Market
No. of Pages: 106 | Report Code: TIPRE00024070 | Category: Energy and Power
No. of Pages: 106 | Report Code: TIPRE00024070 | Category: Energy and Power
The nuclear waste management systems market in Europe is further segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. To meet the European Union’s ambitious climate-neutral goal for 2050, many countries in the region are moving toward carbon-free energy generation and utilization. Currently, nuclear power fulfils ~25% of the region’s energy needs, and it accounts for ~50% of low-carbon electricity generated in the region. From 2006 to 2019 countries such as Romania, Hungary, Czechia, the Netherlands, Slovenia, and Finland raised their nuclear energy generation capacity; however, on the contrary, countries such as Germany, Slovakia, Bulgaria, France, Spain, and Sweden have recorded decrease in energy procurement from nuclear power plants as these countries are more inclines toward nuclear decommissioning. Further, there are no on-going construction of nuclear power plants in countries such as Finland, Slovakia, Belarus, Russia, Turkey, and the UK. For instance, Germany plans to phase out all its nuclear reactors by 2022. Also, the European Union has launched nuclear decommissioning assistance programmes to fund activities for the removal of radioactive materials as well as to mitigate electricity generation and employment issues. Thus, all these factors are projected to generate ample growth opportunities forth nuclear waste management system market players. Additionally, the European Commission is constantly funding the nuclear studies to assess the feasibility of European nuclear waste repositories for the countries which has relatively less nuclear waste generation. Therefore, from these studies, around 14 EU countries decided to set up the European Repository Development Organisation (ERDO) to cooperate efficiently the nuclear waste disposal. Also, rising deployment of nuclear power plants are the major factor driving the Europe nuclear waste management system market.
The impact of the COVID-19 outbreak pandemic differed from country to country across Europe as selected countries witnessed an increase in the number of COVID-19 confirmed cases and subsequently imposed strict and long lockdown periods or social isolation. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system. To protect citizens from infection, the European governments made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus. During the pandemic, Europe was one of the regions that were highly dependent on the nuclear power plants to fulfill their electricity requirements. As many components of the infrastructure cannot function without a consistent supply of electricity, electricity generation and delivery, two of the most crucial elements of economic and social infrastructure, are required to remain reliable during the pandemic. In the EU, more than 100 nuclear power reactor units are operational, and their continuous operation in the pandemic is critical for maintaining grid stability and ensuring needed power supply in conjunction with other power generation sources. This high reliability on nuclear power plants for electricity needs has increased the requirement of disposal of nuclear waste produced from them.
The Europe nuclear waste management system market is segmented on the bases of waste type, reactor type, disposal options, and country. Based on waste type, the market is segmented into low-level waste, high-level waste, intermediate-level waste, and others. Low-level waste segment held largest market share in 2020. Based on reactor type, the Europe nuclear waste management system market is segmented into pressurized water reactor, boiling water reactor, and gas cooled reactor. Boiling water reactor segment held a substantial market share in 2020. Based on disposal option, the market is bifurcated into near surface disposal and deep geological disposal. Near surface disposal segment held a substantial market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the nuclear waste management system market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Ansaldo Energia S.p.A.; Augean PLC; Bechtel Corporation; Energysolutions; Perma-Fix; Svensk Kärnbränslehantering AB; and Veolia.
The Europe Nuclear Waste Management System Market is valued at US$ 4,985.32 Million in 2021, it is projected to reach US$ 6,280.26 Million by 2028.
As per our report Europe Nuclear Waste Management System Market, the market size is valued at US$ 4,985.32 Million in 2021, projecting it to reach US$ 6,280.26 Million by 2028. This translates to a CAGR of approximately 3.4% during the forecast period.
The Europe Nuclear Waste Management System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Nuclear Waste Management System Market report:
The Europe Nuclear Waste Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Nuclear Waste Management System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Nuclear Waste Management System Market value chain can benefit from the information contained in a comprehensive market report.