Europe Spent Nuclear Fuel Waste Management Market Forecast to 2030

Europe Spent Nuclear Fuel Waste Management Market Forecast to 2030

Europe Spent Nuclear Fuel Waste Management Market Forecast to 2030 – Regional Analysis – by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas-Cooled Reactor, and Others) and Disposal Type (Near Surface Disposal and Deep Surface Disposal)

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Description

The Europe spent nuclear fuel waste management market is expected to grow from US$ 2,273.31 million in 2022 to US$ 1,725.69 million by 2030. It is estimated to decline at a CAGR of -3.4% from 2022 to 2030.

Ongoing Research and Innovation on Advanced Nuclear Waste Management Technologies Drives Europe Spent Nuclear Fuel Waste Management Market

Innovations in nuclear waste management can alleviate a major concern as most development projects focus on maximizing the resource base and minimizing high-level waste. Research efforts are increasingly focused on the separation of higher actinides that are long-lived and can be used in a range of new-generation reactors (fast reactors) that are expected to offer new principles in reliability and proliferation resistance. Recent developments and associated challenges demonstrate the need to gain a sound understanding of the role of advanced waste management and decommissioning in future nuclear technologies. For example, an innovative technical solution for spent nuclear fuel waste disposal is the use of deep geological repositories. Deep geological repositories are engineered facilities located deep underground, typically in stable rock formations, where high-level nuclear waste can be safely stored for extended periods. Deep geological repositories offer enhanced safety and security by isolating the radioactive waste from the biosphere. These repositories capitalize on the natural barrier properties of the rock formations to contain and isolate the waste for years, providing a reliable, long-term solution for waste management. For example, Finland’s Onkalo repository is situated in Olkiluoto and is designed to store high-level waste in granite bedrock 400m below the surface. Onkalo is a testament to the feasibility of deep geological disposal. In addition, in 2022, Sweden’s Forsmark project got approval for construction of underground facility for waste management. It aims to develop a geological repository in Forsmark to house spent nuclear fuel in similar deep geological conditions safely.

Europe Spent Nuclear Fuel Waste Management Market Overview

The Europe spent nuclear fuel waste management market analysis is categorized into France, Spain, the UK, Germany, Russia, and the Rest of Europe. Nuclear power generation in Europe accounted for 980.57 TWh in 2022. Several European countries have explored deep geological repositories as a potential solution for high-level nuclear waste disposal. Notably, Finland has made significant progress with its Onkalo repository, where spent fuel will be stored deep underground. Sweden is also working on a similar repository concept. However, these projects face ongoing regulatory and public acceptance hurdles. In the European Union, there is a push to establish a harmonized framework for managing nuclear waste, emphasizing transparency, safety, and public engagement. European nations continue to grapple with the challenge of securing and responsibly managing spent nuclear fuel waste while seeking viable long-term disposal solutions, recognizing the importance of addressing public concerns and regulatory requirements. The spent nuclear fuel waste management market in the Rest of Europe is characterized by diverse strategies, reflecting variations in nuclear energy usage, policy decisions, and regulatory frameworks. For instance, Sweden has adopted a comprehensive approach, incorporating interim storage facilities and geological repositories for long-term disposal. Belgium, on the other hand, utilizes interim storage solutions while evaluating deep geological repository options. The driving factors behind these waste management strategies are multifaceted. Energy security plays a pivotal role, with many European nations emphasizing nuclear power in their energy mix. This leads to the accumulation of spent nuclear fuel and a need for secure storage and disposal methods. Strict regulatory requirements ensure safe practices and environmental protection. Public engagement and consent-seeking are essential, as is compliance with international nuclear safety standards. Additionally, the EU’s push for harmonized waste management and the need to address public concerns further influence the region’s approach.

Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecast to 2030 (US$ Million)

Europe Spent Nuclear Fuel Waste Management Market Segmentation

The Europe spent nuclear fuel waste management market is segmented into reactor type, disposal type, and country.

Based on reactor type, the Europe spent nuclear fuel waste management market is segmented into pressurized water reactor, boiling water reactor, gas cooled reactor, and others. The pressurized water reactor segment held the largest share of the Europe spent nuclear fuel waste management market in 2022.

In terms of disposal type, the Europe spent nuclear fuel waste management market is bifurcated into deep surface disposal, and near surface disposal. The deep surface disposal segment held a larger share of the Europe spent nuclear fuel waste management market in 2022.

Based on country, the Europe spent nuclear fuel waste management market is segmented into Germany, France, Spain, Russia, the UK, and the Rest of Europe. The Rest of Europe dominated the Europe spent nuclear fuel waste management market in 2022.

Augean PLC, Perma-Fix, Svensk Kärnbränslehantering AB, Ansaldo Energia SPA, Veolia Environnement SA, and EnergySolutions are some of the leading companies operating in the Europe spent nuclear fuel waste management market.

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At -3.4% CAGR, Europe Spent Nuclear Fuel Waste Management Market is Speculated to be Worth US$ 1,725.69 Million by 2030, says the Research Team

According to the Research Team’ research, the Europe spent nuclear fuel waste management market was valued at US$ 2,273.31 million in 2022 and is expected to reach US$ 1,725.69 million by 2030, registering a CAGR of -3.4% from 2022 to 2030. Growing establishment of nuclear power plant, regulatory framework and safety, and rising use of automation in sorting and segregation of nuclear waste management are among the critical factors attributed to the Europe spent nuclear fuel waste management market expansion.

The management and long-term disposal of radioactive waste generated by nuclear power plants pose significant challenges. Developing safe and secure storage and disposal solutions is complex and can be met with public opposition and regulatory hurdles. The regulatory framework for spent nuclear fuel waste management is crucial to ensuring safety. Governments of various countries across the globe set strict guidelines for the handling and storage of radioactive waste. In accordance with the EU’s Radioactive Waste and Spent Fuel Management Directive 2011/70/EURATOM, each member state must develop and execute national programs for the management of radioactive waste and spent fuel, as well as a national strategy. The Directive seeks to improve transparency, prevent unnecessary burdens on future generations, and ensure a high degree of safety. Without affecting the Basic Safety Standards Directive, it adds to the fundamental requirements mentioned in the Euratom Treaty for the security of radioactive waste and spent fuel. Thus, regulatory framework and safety measures related to nuclear fuel waste management drive the growth of the spent fuel nuclear waste management market during the forecast period.

On the contrary, uncertainty and unclarity in cost of spent fuel nuclear waste management hampers the growth of Europe spent nuclear fuel waste management market.

Based on reactor type, the Europe spent nuclear fuel waste management market is segmented into pressurized water reactor, boiling water reactor, gas cooled reactor, and others. The pressurized water reactor segment held 81.8% share of Europe spent nuclear fuel waste management market in 2022, amassing US$ 1,859.51 million. It is projected to garner US$ 1,490.65 million by 2030 to decline at -2.7% CAGR during 2022-2030.

In terms of disposal type, the Europe spent nuclear fuel waste management market is bifurcated into deep surface disposal and near surface disposal. The deep surface disposal segment held 85.5% share of Europe spent nuclear fuel waste management market in 2022, amassing US$ 1,944.25 million. It is projected to garner US$ 1,482.88 million by 2030 to decline at -3.3% CAGR during 2022-2030.

By country, the Europe spent nuclear fuel waste management market has been categorized into Germany, France, Spain, Russia, the UK, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 34.6% share of Europe spent nuclear fuel waste management market in 2022. It was assessed at US$ 786.16 million in 2022 and is likely to hit US$ 481.74 million by 2030, exhibiting a CAGR of -5.9% during 2022-2030.

Key players operating in the Europe spent nuclear fuel waste management market are Augean PLC, Perma-Fix, Svensk Kärnbränslehantering AB, Ansaldo Energia SPA, Veolia Environnement SA, and EnergySolutions, among others.

In July 2022, Perma-Fix signed four-year framework contract with Nuclear Waste Services (Nuclear Decommissioning Authority’s division in UK). This contract partnership aimed at offering treatment and conditioning of radioactive waste in UK.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe spent nuclear fuel waste management market.
o Highlights key business priorities to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe spent nuclear fuel waste management market , thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Spent Nuclear Fuel Waste Management Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Spent Nuclear Fuel Waste Management Market – Key Industry Dynamics
5.1 Spent Nuclear Fuel Waste Management Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Establishment of Nuclear Power Plants
5.2.2 Regulatory Framework and Safety
5.2.3 Rising Use of Automation in Sorting and Segregation of Nuclear Waste Management
5.3 Market Restraints
5.3.1 Uncertainty and Unclarity in Cost of Spent Fuel Nuclear Waste Management
5.4 Market Opportunities
5.4.1 Ongoing Research and Innovation on Advanced Nuclear Waste Management Technologies
5.5 Future Trends
5.5.1 Key Role of Nuclear Power in Future Energy Transition
5.6 Impact of Drivers and Restraints:
6. Spent Nuclear Fuel Waste Management Market – Europe Market Analysis
6.1 Europe Spent Nuclear Fuel Waste Management Market Revenue (US$ Million), 2020 – 2030
6.2 Europe Spent Nuclear Fuel Waste Management Market Forecast and Analysis
7. Europe Spent Nuclear Fuel Waste Management Market Analysis – Reactor Type
7.1 Overview
7.1.1 Europe Spent Nuclear Fuel Waste Management Market, By Reactor Type (2022 and 2030)
7.2 Pressurized Water Reactor
7.2.1 Overview
7.2.2 Pressurized Water Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Boiling Water Reactor
7.3.1 Overview
7.3.2 Boiling Water Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Gas Cooled Reactor
7.4.1 Overview
7.4.2 Gas Cooled Reactor Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Spent Nuclear Fuel Waste Management Market Analysis – Disposal Type
8.1 Overview
8.1.1 Spent Nuclear Fuel Waste Management Market, By Disposal Type (2022 and 2030)
8.2 Near Surface Disposal
8.2.1 Overview
8.2.2 Near Surface Disposal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Deep Surface Disposal
8.3.1 Overview
8.3.2 Deep Surface Disposal Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Spent Nuclear Fuel Waste Management Market – Country Analysis
9.1 Europe
9.1.1 Europe Spent Nuclear Fuel Waste Management Market Overview
9.1.2 Europe Spent Nuclear Fuel Waste Management Market, By Key Country, Revenue 2022 (US$ Mn)
9.1.3 Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis – By Country
9.1.3.1 Europe Spent nuclear Fuel Waste Management Market Revenue and Forecasts and Analysis – By Country
9.1.3.2 Germany Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.2.1 Germany Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.2.2 Germany Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.1.3.3 France Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.3.1 France Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.3.2 France Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.1.3.4 Spain Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.4.1 Spain Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.4.2 Spain Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.1.3.5 Russia Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.5.1 Russia Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.5.2 Russia Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.1.3.6 UK Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.6.1 UK Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.6.2 UK Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
9.1.3.7 Rest of Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.7.1 Rest of Europe Spent Nuclear Fuel Waste Management Market Breakdown by Reactor Type
9.1.3.7.2 Rest of Europe Spent Nuclear Fuel Waste Management Market Breakdown by Disposal Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. Company Profiles
11.1 Augean PLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Perma-Fix
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Svensk Krnbrnslehantering AB
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Ansaldo Energia SPA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Veolia Environnement SA
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 EnergySolutions
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About the Research Team
12.2 Word Index

LIST OF TABLES

Table 1. Spent Nuclear Fuel Waste Management Market Segmentation
Table 2. Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Million) – Reactor Type
Table 4. Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Million) – Disposal Type
Table 5. Europe Spent nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 6. Germany Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 7. Germany Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 8. France Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 9. France Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 10. Spain Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 11. Spain Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 12. Russia Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 13. Russia Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 14. UK Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 15. UK Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 16. Rest of Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Reactor Type
Table 17. Rest of Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn) – By Disposal Type
Table 18. List of Abbreviation
 

LIST OF FIGURES

Figure 1. Spent Nuclear Fuel Waste Management Market Segmentation, By Country
Figure 2. Ecosystem: Spent Nuclear Fuel Waste Management Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Spent nuclear Fuel Waste Management Market Revenue (US$ Million), 2020 – 2030
Figure 5. Europe Spent Nuclear Fuel Waste Management Market Share (%) – Reactor Type, 2022 and 2030
Figure 6. Pressurized Water Reactor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Boiling Water Reactor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Gas Cooled Reactor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Europe Spent Nuclear Fuel Waste Management Market Share (%) – Disposal Type, 2022 and 2030
Figure 11. Near Surface Disposal Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Deep Surface Disposal Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Europe Spent Nuclear Fuel Waste Management Market, By Key Country, Revenue 2022 (US$ Mn)
Figure 14. Europe Spent Nuclear Fuel Waste Management Market Breakdown by Country (2022 and 2030)
Figure 15. Germany Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 16. France Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 17. Spain Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Russia Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. UK Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Rest of Europe Spent Nuclear Fuel Waste Management Market Revenue and Forecasts to 2030 (US$ Mn)

1. Augean PLC
2. Perma-Fix
3. Svensk Krnbrnslehantering AB
4. Ansaldo Energia SPA
5. Veolia Environnement SA
6. EnergySolutions

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