Global Spent Nuclear Fuel (SNF) Dry Storage Casks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spent Nuclear Fuel (SNF) Dry Storage Casks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spent nuclear fuel refers to nuclear fuel that has been irradiated and used, usually produced by the nuclear reactors of nuclear power plants. Spent Nuclear Fuel (SNF) Dry Storage Casks is a containers for storing spent nuclear fuel. It can be divided into concrete and steel according to the different radiation barrier materials.

Market Overview:

The latest research study on the global Spent Nuclear Fuel (SNF) Dry Storage Casks market finds that the global Spent Nuclear Fuel (SNF) Dry Storage Casks market reached a value of USD 1948.2 million in 2022. It’s expected that the market will achieve USD 2872.98 million by 2028, exhibiting a CAGR of 6.69% during the forecast period.

Spent Nuclear Fuel (SNF) Dry Storage Casks Market Trends

At present, Spent Nuclear Fuel (SNF) Dry Storage Casks can be divided into steel containers and concrete containers according to the radiation shielding materials used. According to the use, it can be divided into single-use storage containers, dual-use storage and transportation containers, and three-use storage, transportation and disposal containers. Steel has good thermal conductivity and can dissipate the decay heat of spent nuclear fuel directly by thermal conduction. In addition, due to the higher density of metal than concrete, the cross-sectional area and weight of steel Spent Nuclear Fuel (SNF) Dry Storage Cask are lower than those of concrete in the same shielding effect. Therefore, the steel Spent Nuclear Fuel (SNF) Dry Storage Cask is not only used as a storage device but also often designed as a multi-purpose container to meet the needs of storage and long-distance transportation.

Spent Nuclear Fuel (SNF) Dry Storage Casks Drivers

With the large-scale development of nuclear energy, the amount of spent nuclear fuel produced by nuclear power plants is increasing. Hundreds of nuclear reactors in dozens of countries have been producing spent nuclear fuel since the 1950s, according to THE STIMSON CENTER. As of 2017, 400,000 metric tons of heavy metals (tHM) have been accumulated globally. On average, global SNF inventories have increased by 11,300 tHM per year. In addition, it is estimated that 59 nuclear power plant reactors will be shut down by 2025. The shutdown of these nuclear power plant.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Orano TN is one of the major players operating in the Spent Nuclear Fuel (SNF) Dry Storage Casks market, holding a share of 14.52% in 2022.

Orano TN

Orano TN has always provided integrated nuclear logistics solutions. The group has unique expertise in the design, approval and manufacture of packaging and the execution of nuclear transport with the highest safety and security requirements throughout the fuel cycle. Orano TN is also a benchmark in the dry storage of spent nuclear fuel, providing comprehensive nuclear waste logistics services and offering solutions to suit each market.

Hitachi Zosen Corporation

Hitachi Zosen Corporation is a major Japanese industrial and engineering company. It produces waste treatment plants, industrial plants, precision machinery, industrial machinery, steel mill processing equipment, steel structures, construction machinery, tunnel boring machines and power plants.

Segmentation Overview:

Among different product types, Concrete segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Large Nuclear Power Plant segment occupied the biggest share from 2017 to 2022.

Large Nuclear Power Plant

Large Nuclear Power Plant usually refers to a nuclear power plant with a single unit capacity greater than 300,000 kilowatts.

Small Nuclear Power Plant

Small Nuclear Power Plant usually refers to a nuclear power plant with a single unit capacity of less than 300,000 kilowatts and a modular combination.

Key Companies in the global Spent Nuclear Fuel (SNF) Dry Storage Casks market covered in Chapter 3:

Hitachi Zosen Corporation
Orano TN
Holtec International
GNS Gesellschaft für
Skoda JS AS

In Chapter 4 and Chapter 14.2, on the basis of types, the Spent Nuclear Fuel (SNF) Dry Storage Casks market from 2018 to 2029 is primarily split into:

Concrete
Steel

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spent Nuclear Fuel (SNF) Dry Storage Casks market from 2018 to 2029 covers:

Large Nuclear Power Plant
Small Nuclear Power Plant

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)