Spent Nuclear Fuel Waste Management Market Report 2026

The spent nuclear fuel waste management market size has grown marginally in recent years. It will grow from $6.23 billion in 2025 to $6.29 billion in 2026 at a compound annual growth rate (CAGR) of 0.9%. The growth in the historic period can be attributed to rising nuclear energy production, increasing accumulation of spent fuel, growing awareness of radioactive risk, early development of nuclear waste policies, increasing nuclear plant operations.

The spent nuclear fuel waste management market size is expected to see marginal growth in the next few years. It will grow to $6.51 billion in 2030 at a compound annual growth rate (CAGR) of 0.9%. The growth in the forecast period can be attributed to stricter nuclear safety regulations, rising investment in disposal infrastructure, growing focus on long-term waste storage, increasing modernization of nuclear facilities, expansion of nuclear power programs. Major trends in the forecast period include increasing focus on safe long-term radioactive waste containment, rising emphasis on secure storage and disposal infrastructure, growing need for advanced monitoring and waste handling systems, expansion of spent fuel management practices across nuclear facilities, strengthening regulatory compliance toward nuclear waste safety.

The anticipated rise in energy demand is poised to drive the expansion of the spent nuclear fuel waste management market in the coming years. Energy demand, representing the total energy requirements within a specified system or population over a defined period, becomes a critical consideration in situations where energy security is a primary concern. Nations may prioritize spent fuel management to reduce dependence on unstable foreign energy sources, leading to increased investments in reprocessing and advanced waste management technologies. As of August 2023, ExxonMobil reported a projected global energy demand of around 660 quadrillion British thermal units (Btu) by 2050, indicating a 15% growth compared to 2021. This surge in energy demand is a key driver behind the growth of the spent nuclear fuel waste management market.

Major companies involved in spent fuel nuclear waste management are forging strategic partnerships to enhance their market position. A strategic partnership is a collaborative relationship between two or more organizations, typically businesses, formed to achieve shared goals that would be challenging or impossible to accomplish independently. For example, in July 2023, Skanska, a Sweden-based construction firm, entered into a collaboration agreement with Svensk Kärnbränslehantering AB (SKB), a Swedish company specializing in nuclear fuel and waste management, to expand the existing final repository for short-lived radioactive waste (SFR) in Forsmark. This partnership aims to improve the safety and efficiency of nuclear waste handling and disposal in Sweden. By leveraging Skanska's construction expertise alongside SKB's proficiency in managing radioactive materials, the collaboration aspires to create innovative solutions that ensure environmental protection and adherence to regulatory standards, reflecting both companies' dedication to sustainability in the energy sector.

In October 2024, Muroosystems Corporation, a forward-thinking company based in Japan, acquired Nukem Technologies for an undisclosed amount. This acquisition is intended to bolster Muroosystems Corporation's expertise in radioactive waste management and clean energy development while broadening its market presence in Europe and Asia. Nukem Technologies, a Germany-based nuclear engineering firm, specializes in the safe management and disposal of spent nuclear fuel, ensuring compliance with regulations and fostering environmental protection in the handling of nuclear waste.

Major companies operating in the spent nuclear fuel waste management market report are Veolia Environment SA, Bechtel Corp, Fluor Corporation, Westinghouse Electric Company LLC, SNC Lavalin Group Inc, John Wood Group, Posiva Oy, US Ecology Inc, EnergySolutions, Holtec International, Studsvik AB, Svensk Kärnbränslehantering AB, Waste Control Specialists LLC, Perma-Fix Environmental Services Inc, Augean PLC, BHI Energy, Ansaldo Energia, Magnox Ltd, Orano SA, BWX Technologies Inc, AECOM, Jacobs Engineering Group.

North America was the largest region in the spent nuclear fuel waste management market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spent nuclear fuel waste management market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the spent nuclear fuel waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spent fuel and nuclear waste management market includes revenues earned by entities by providing services such as developing and maintaining secure storage facilities, establishing safe protocols, and developing repositories or disposal facilities. The market value includes the value of related goods sold by the service provider or included within the service offering. The spent fuel and nuclear waste management market also includes sales of fuel cladding, dry casks, wet casks, dissolution tanks, and solvent extraction equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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