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Global Nuclear Spent Fuel Market to Reach US$13.6 Billion by 2030

The global market for Nuclear Spent Fuel estimated at US$12.4 Billion in the year 2024, is expected to reach US$13.6 Billion by 2030, growing at a CAGR of 1.6% over the analysis period 2024-2030. Wet Storage, one of the segments analyzed in the report, is expected to record a 1.2% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Dry Storage segment is estimated at 2.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.2 Billion While China is Forecast to Grow at 1.4% CAGR

The Nuclear Spent Fuel market in the U.S. is estimated at US$3.2 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 1.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.3% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.

Global Nuclear Spent Fuel Market - Key Trends & Drivers Summarized

Why Is Spent Fuel Management Central to Nuclear Sustainability?

Nuclear spent fuel, the highly radioactive material remaining after fuel rods are used in a nuclear reactor, is a critical focus area for the global nuclear industry. Although only a small portion of the original uranium is consumed during reactor operations, the residual material remains hazardous for thousands of years. Managing this byproduct safely is essential not only for public and environmental protection but also for maintaining the long-term viability of nuclear energy as a clean power source.

Most nuclear power-generating countries adopt interim storage solutions at reactor sites using water-filled pools or dry cask storage systems. However, growing inventories and limited long-term disposal options are increasing pressure on governments and operators to develop permanent solutions. The need for safe, scalable, and publicly acceptable storage and disposal frameworks has made spent fuel management a strategic issue in national energy policies.

How Are Technologies Evolving in Spent Fuel Handling and Storage?

Technological innovation is improving the safety, efficiency, and monitoring of spent fuel storage. Dry cask systems made from reinforced steel and concrete are increasingly favored for their modularity, durability, and passive cooling design. These casks can store fuel for decades above ground while minimizing risk and environmental exposure. Advances in canister welding, shielding materials, and real-time radiation monitoring systems are also enhancing performance and regulatory compliance.

Geological repository development is progressing slowly but steadily, with countries like Finland and Sweden leading in the implementation of deep underground disposal solutions. These repositories are designed to isolate spent fuel in stable geological formations for long periods, preventing radioactive leakage. Simultaneously, research into fuel recycling and reprocessing technologies is gaining renewed interest, with the aim of recovering usable materials and reducing waste volumes.

What Policy and Regulatory Trends Are Shaping Market Direction?

National and international regulations govern every stage of spent fuel handling, from on-site storage to transportation and long-term disposal. These frameworks require continuous oversight, licensing, and public transparency. In many countries, delays in establishing permanent repositories have extended reliance on interim solutions. This is prompting investment in modular and transportable storage systems that offer operational flexibility and regulatory alignment.

Multinational collaborations and funding initiatives are being established to support knowledge sharing, research, and infrastructure development. Policy support for fuel recycling is also increasing, particularly in regions with limited uranium resources or high nuclear energy dependency. Regulatory bodies are pushing for advanced monitoring systems, improved containment integrity, and lifecycle planning to ensure that spent fuel management aligns with evolving safety standards and public expectations.

Growth in the nuclear spent fuel market is driven by several factors.

Rising global reliance on nuclear power is contributing to increasing volumes of spent fuel requiring secure handling and storage. Advancements in dry storage technologies and shielding systems are enabling longer-duration, low-maintenance containment. Development of deep geological repositories, although slow, is gaining momentum as countries commit to long-term waste isolation. Renewed interest in spent fuel recycling is opening new pathways for material recovery and volume reduction. Regulatory focus on containment integrity, transport safety, and public communication is driving upgrades across storage infrastructure. These combined factors are shaping a more structured and technology-driven approach to managing nuclear spent fuel worldwide.

SCOPE OF STUDY:

The report analyzes the Nuclear Spent Fuel market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

Type (Wet Storage, Dry Storage)

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• AECOM
• Ansaldo Energia Spa
• Augean Plc
• Babcock International Group Plc
• Bechtel Corporation
• BHI Energy
• Ecology Services Inc.
• EnergySolutions Inc.
• Fluor Corporation
• GNS Gesellschaft fur Nuklear-Service mbH
• Hitachi Zosen Corporation
• Holtec International
• Mitsubishi Heavy Industries Ltd.
• OCL Corp.
• Orano Group
• Posiva Oy
• SKODA JS AS
• Svensk Karnbranslehantering AB (SKB)
• Veolia Environnement SA
• Waste Control Specialists LLC
• Westinghouse Electric Company LLC

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TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• 1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Tariff Impact on Global Supply Chain Patterns
  • Nuclear Spent Fuel - Global Key Competitors Percentage Market Share in 2025 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
• 2. FOCUS ON SELECT PLAYERS
• 3. MARKET TRENDS & DRIVERS
  • Rising Nuclear Energy Generation Drives Accumulation and Management of Spent Nuclear Fuel
  • Global Push for Long-Term Storage Solutions Strengthens Investment in Dry Cask and Geological Repositories
  • Aging Reactor Fleets and Decommissioning Projects Accelerate Demand for Interim Spent Fuel Storage
  • Increased Regulatory Scrutiny on Environmental Safety Spurs Development of Containment Technologies
  • Advancements in Robotics and Remote Handling Systems Improve Spent Fuel Transfer and Inspection Processes
  • Emergence of Reprocessing Technologies for Uranium and Plutonium Recovery Expands Resource Utilization
  • Public and Political Debates Over Repository Site Selection Create Challenges and Opportunities in Waste Policy
  • Focus on Minimizing Radiological Risk Promotes Innovation in Shielding and Containment Materials
  • Rising Interest in Closed Fuel Cycle Models Supports Long-Term Sustainability of Nuclear Power
  • Development of International Spent Fuel Transport Agreements Strengthens Cross-Border Collaboration
  • Integration of Blockchain and Sensor Systems Enhances Transparency and Security of Spent Fuel Tracking
• 4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Nuclear Spent Fuel Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Nuclear Spent Fuel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 4: World 16-Year Perspective for Nuclear Spent Fuel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2025 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Wet Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Wet Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 7: World 16-Year Perspective for Wet Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2025 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Dry Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Dry Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 10: World 16-Year Perspective for Dry Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2025 & 2030

III. MARKET ANALYSIS

• UNITED STATES
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
  • TABLE 11: USA Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 12: USA Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 13: USA 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• CANADA
  • TABLE 14: Canada Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 15: Canada Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 16: Canada 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• JAPAN
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
  • TABLE 17: Japan Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 18: Japan Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 19: Japan 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• CHINA
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
  • TABLE 20: China Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 21: China Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 22: China 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• EUROPE
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
  • TABLE 23: Europe Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
  • TABLE 24: Europe Historic Review for Nuclear Spent Fuel by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 25: Europe 16-Year Perspective for Nuclear Spent Fuel by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2025 & 2030
  • TABLE 26: Europe Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 27: Europe Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 28: Europe 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• FRANCE
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
  • TABLE 29: France Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 30: France Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 31: France 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• GERMANY
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
  • TABLE 32: Germany Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 33: Germany Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 34: Germany 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• ITALY
  • TABLE 35: Italy Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 36: Italy Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 37: Italy 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• UNITED KINGDOM
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
  • TABLE 38: UK Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 39: UK Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 40: UK 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• REST OF EUROPE
  • TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 42: Rest of Europe Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 43: Rest of Europe 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• ASIA-PACIFIC
  • Nuclear Spent Fuel Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
  • TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 45: Asia-Pacific Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 46: Asia-Pacific 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030
• REST OF WORLD
  • TABLE 47: Rest of World Recent Past, Current & Future Analysis for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
  • TABLE 48: Rest of World Historic Review for Nuclear Spent Fuel by Type - Wet Storage and Dry Storage Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2023 and % CAGR
  • TABLE 49: Rest of World 16-Year Perspective for Nuclear Spent Fuel by Type - Percentage Breakdown of Value Sales for Wet Storage and Dry Storage for the Years 2014, 2025 & 2030

IV. COMPETITION