Asia Pacific Nuclear Waste Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Waste Type ( Low-Level Waste, High Level Waste, Intermediate Level Waste and Others ), Reactor Type ( Pressurized Water Reactor, Boiling Water Reactor, and Gas Cooled Reactor ), and Disposal Options ( Near Surface Disposal and Deep Geological Disposal )

TIPRE00024071 | Pages: 104 | Energy and Power | Aug 2021 | Type: Regional | Status: Published

Market Introduction

The nuclear waste management systems market in APAC is further segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. The region is characterized large youth population, vast industrialization, and growing urbanization, coupled emerging economies such as China, India, South Korea, Vietnam, and Thailand. Moreover, APAC is highly inclined toward clean energy sources, which is subsequently projected to generate demand for nuclear waste management systems in the coming years. The region in contrast with Europe and North America, where the demand for energy from nuclear power has been limited for several years, many economies in APAC are planning and building new nuclear power reactors to meet the increasing energy demand. The region has ~135 active nuclear reactors engaged in generation of electricity, ~30–35 nuclear reactors under construction, and plans of building additional 50–60 nuclear reactors in future. China is currently leading the in the region in terms of nuclear energy, followed by India, Japan, and South Korea. Increasing demand for energy, coupled with growing concerns regarding curtailing carbon emissions, is majorly driving the deployment of nuclear power plants; however, decreasing prices of renewable energy restraining for the adoption of nuclear power, thereby affecting the nuclear waste management system market growth. Furthermore, governments in APAC have imposed various containment measures such as lockdowns, travel restriction, workforce limitations at workplaces, and so on, to contain the spread of COVID-19. Amid these conditions, the nuclear waste management system market players experienced marginal decline in revenues in 2020; however, the market is likely to gain traction in 2021. 

Due to the massive number of COVID-19 confirmed cases in China and India, APAC is adversely affected by the COVID-19 outbreak pandemic. China homes the largest population across the world, which is imposing greater risk of infection to many individuals. China is also a world leader of many global brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has negatively affected major economies of the region, such as China, India, South Korea, and Vietnam. The APAC nuclear waste management system market experienced a downward industrial growth during the first two quarters of 2020. Unlike North America and most of Western Europe, where development in electricity generating capacity, notably nuclear power, has been restricted for many years, several Asian countries are planning and building new nuclear power reactors to meet the growing demand for clean electricity. Approximately two-thirds of the reactors under development in the world are in Asia. China is making rapid progress in the construction of new nuclear power plants. The units that are currently being built are a combination of local and Western designs. Between December 2010 and December 2020, most new nuclear power plants were built in China (36), where nuclear power generation surged by 400% in ten years. The increase in need of clean energy produced from nuclear power plants has continued during the pandemic, and it would see a significant rise in the coming years.     


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Market Overview and Dynamics

The nuclear waste management system market in APAC is expected to grow from US$ 7250.40 million in 2021 to US$ 9867.25 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The demand for energy is surging hugely owing to the increasing rate of population and urbanization across the world coupled with the growing rate of industrialization, especially in APAC. Moreover, growing carbon emission is one of the major concerns, with which the modern age is dwelling with. Governments across the world are actively initiating various efforts to incorporate multiple sources of clean energy into the energy mix of their respective country’s energy mix. Meanwhile, due to geographic and climatic challenges, solar and wind power cannot generate stable and consistent amount of energy. However, nuclear power plants are a reliable and stable source for energy generation as they can be deployed at any geographic terrain and can generate significant amount of energy throughout the year as compared to solar and wind. Owing to these advantages, governments across the world are investing in building nuclear power plant to generate energy, without emitting carbon. China currently has 19 under construction nuclear reactors and 37 planned nuclear reactors that can produce 19.9 GWe and 41.7 GWe of energy, respectively. Moreover, to meet the energy mix target of 2030, i.e., 20% from nuclear, the Japanese government restarted 7 nuclear reactors since 2015. The government also planned to restart 16 more nuclear reactors. Thus, positive outlook for the deployment of nuclear power plants for energy generation drives the growth of the nuclear waste management system market.          

Key Market Segments

The APAC 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. High level waste segment held largest market share in 2020.  Based on reactor type, the APAC 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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the nuclear waste management system market in APAC 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.; Bechtel Corporation; Energysolutions; Perma-Fix; and Veolia.    

Reasons to buy report

  • To understand the APAC nuclear waste management system market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC nuclear waste management system market.
  • Efficiently plan M&A and partnership deals in APAC nuclear waste management system market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC nuclear waste management system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Nuclear Waste Management System Market Segmentation

APAC Nuclear Waste Management System Market - By Waste Type

  • Low-Level Waste
  • High Level Waste
  • Intermediate Level Waste
  • Others

APAC Nuclear Waste Management System Market - By Reactor Type

  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Gas Cooled Reactor

APAC Nuclear Waste Management System Market – By Disposal Options

  • Near Surface Disposal
  • Deep Geological Disposal

APAC Nuclear Waste Management System Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC    

APAC Nuclear Waste Management System Market - Company Profiles

  • Ansaldo Energia S.p.A.
  • Bechtel Corporation
  • Energysolutions
  • Perma-Fix
  • Veolia
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Nuclear Waste Management System Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC Nuclear Waste Management System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        New Nuclear Power Plants Getting Deployed

5.1.2        Generation of Nuclear Weapons

5.2         Market Restraints

5.2.1        Immense Cost of Nuclear Waste Management System

5.3         Market Opportunities

5.3.1        Discontinuation of Nuclear Power Plant

5.4         Future Trends

5.4.1        Rising Utilization of Medical Radioisotopes

5.5         Impact Analysis of Drivers and Restraints

6.           Nuclear Waste Management System Market – APAC Analysis

6.1         APAC Nuclear Waste Management System Market Overview

6.2         APAC Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

7.           APAC Nuclear Waste Management System Market Analysis – by Waste Type

7.1         Overview

7.2         APAC Nuclear Waste Management System Market, by Waste Type (2020 and 2028)

7.3         Low-Level Waste

7.3.1        Overview

7.3.2        Low-Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

7.4         High-Level Waste

7.4.1        Overview

7.4.2        High -Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Intermediate-Level Waste

7.5.1        Overview

7.5.2        Intermediate-Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

8.           APAC Nuclear Waste Management System Market – By Reactor Type

8.1         Overview

8.2         APAC Nuclear Waste Management System Market, by Reactor Type (2020 and 2028)

8.3         Pressurized Water Reactor

8.3.1        Overview

8.3.2        Pressurized Water Reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Boiling Water Reactor

8.4.1        Overview

8.4.2        Boiling Water Reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Gas-Cooled Reactor

8.5.1        Overview

8.5.2        Gas-Cooled reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

9.           APAC Nuclear Waste Management System Market – By Disposal Option

9.1         Overview

9.2         APAC Nuclear Waste Management System Market, by Disposal Option (2020 and 2028)

9.3         Near-Surface Disposal

9.3.1        Overview

9.3.2        Near-Surface Disposal: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Deep Geological Disposal

9.4.1        Overview

9.4.2        Deep Geological Disposal: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.        APAC Nuclear Waste Management System Market –Country Analysis

10.1      Overview

10.1.1     APAC: Nuclear Waste Management System Market- by Key Country

10.1.1.1       Australia: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Australia: Nuclear Waste Management System Market- by Waste Type

10.1.1.1.2       Australia: Nuclear Waste Management System Market- By Reactor Type

10.1.1.1.3       Australia: Nuclear Waste Management System Market- By Disposal Options

10.1.1.2       China: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       China: Nuclear Waste Management System Market- by Waste Type

10.1.1.2.2       China: Nuclear Waste Management System Market- By Reactor Type

10.1.1.2.3       China: Nuclear Waste Management System Market- By Disposal Options

10.1.1.3       India: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       India: Nuclear Waste Management System Market- by Waste Type

10.1.1.3.2       India: Nuclear Waste Management System Market- By Reactor Type

10.1.1.3.3       India: Nuclear Waste Management System Market- By Disposal Options

10.1.1.4       Japan: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Japan: Nuclear Waste Management System Market- by Waste Type

10.1.1.4.2       Japan: Nuclear Waste Management System Market- By Reactor Type

10.1.1.4.3       Japan: Nuclear Waste Management System Market- By Disposal Options

10.1.1.5       South Korea: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       South Korea: Nuclear Waste Management System Market- by Waste Type

10.1.1.5.2       South Korea: Nuclear Waste Management System Market- By Reactor Type

10.1.1.5.3       South Korea: Nuclear Waste Management System Market- By Disposal Options

10.1.1.6       Rest of APAC: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of APAC: Nuclear Waste Management System Market- by Waste Type

10.1.1.6.2       Rest of APAC: Nuclear Waste Management System Market- By Reactor Type

10.1.1.6.3       Rest of APAC: Nuclear Waste Management System Market- By Disposal Options

11.        Nuclear Waste Management System Market- COVID-19 Impact Analysis

11.1      APAC

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

13.        Company Profiles

13.1      Perma-Fix

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Ansaldo Energia S.p.A.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Veolia

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      EnergySolutions

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Bechtel Corporation

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             APAC Nuclear Waste Management System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             Australia: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             China: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.             India: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          India: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Japan: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 12.          Japan: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 13.          Japan: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 14.          South Korea: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 15.          South Korea: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 16.          South Korea: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of APAC: Nuclear Waste Management System Market- by Waste Type –Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of APAC: Nuclear Waste Management System Market- By Reactor Type –Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of APAC: Nuclear Waste Management System Market- By Disposal Options –Revenue and Forecast to 2028 (US$ Million)

Table 20.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Nuclear Waste Management System Market Segmentation

Figure 2.           APAC Nuclear Waste Management System Market Segmentation – By Country

Figure 3.           APAC Nuclear Waste Management System Market Overview

Figure 4.           High-Level Waste Segment Held the Largest Market Share in 2020

Figure 5.           Boiling Water Reactor Held the Largest Market Share in 2020

Figure 6.           Near Surface Disposal Held the Largest Market Share in 2020

Figure 7.           China was the Largest Revenue Contributor in 2020

Figure 8.           APAC– PEST Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC Nuclear Waste Management System Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        APAC Nuclear Waste Management System Market Revenue Share, by Waste Type (2020 and 2028)

Figure 13.        APAC Low-Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC High -Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Intermediate-Level Waste: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Others: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        APAC Nuclear Waste Management System Market Revenue Share, by Reactor Type (2020 and 2028)

Figure 18.        APAC Pressurized Water Reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Boiling Water Reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC Gas-Cooled reactor: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        APAC Nuclear Waste Management System Market Revenue Share, by Disposal Option (2020 and 2028)

Figure 22.        APAC Near-Surface Disposal: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        APAC Deep Geological Disposal: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        APAC: Nuclear Waste Management System Market, by Key Country – Revenue (2020) (US$ Million)

Figure 25.        APAC: Nuclear Waste Management System Market Revenue Share, By Key Country (2020 and 2028)

Figure 26.        Australia: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        China: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        India: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Japan: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        South Korea: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of APAC: Nuclear Waste Management System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Impact of COVID-19 Pandemic in APAC Country Markets

  1. Ansaldo Energia S.p.A.
  2. Bechtel Corporation
  3. Energysolutions
  4. Perma-Fix
  5. Veolia
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC nuclear waste management system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC nuclear waste management system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the nuclear waste management system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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