Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Spent Nuclear Fuel Dry Storage
Casks Market”. This report also includes more info about basic overview
of the industry including definitions, applications and global market industry
structure.
A surge of shutdowns
may be observed in the future for most of the ageing nuclear reactors in the
world. These reactors which have supplied power to millions of homes in the
past have always faced hurdles in terms of public acceptance. With most nuclear
plant owners unwilling to dish out extra millions for renovation of their old
plants, gradual shutdowns are imminent. With the Fukishima disaster in Japan
involving an old boiling water reactor built in the 70’s, the public sentiment
towards the old nuclear plants is likely to deteriorate. The major issue
closely linked with decommissioning these old nuclear power plants is the
efficient and safe disposal of nuclear waste. Decommissioning costs of nuclear
plants are extremely high, going up to nearly a billion dollars for larger
plants. Efficient storage of nuclear waste will occupy a majority portion of
these costs. Radioactive half life of wastes ranges up to 16 million years
while they remain hazardous for much longer. Storage of such nuclear spent fuel
(NSF) will ultimately spark the demand for dry storage casks.
Dry storage casks are
generally the most viable method of storing high level nuclear waste which has
been cooled down to manageable levels. Cooling of spent fuel requires over a
year and sometimes nearly 8 years bringing down to manageable temperatures.
Concrete or steel are the major materials used for making these casks, which
are able to withstand the harshest of temperature and weather conditions
without damage. Not only do inert gases surround and insulate the spent fuel
rods in these containers, concrete layers are also present to provide
additional radiation shielding to waste handling personnel.
These NSF dry storage
casks should be transportable as well, a feature which is incorporated into
them during manufacturing. With a majority of the old nuclear power reactors
going for decommissioning, thus approaching their wet pool storage limit for
NSF, dry cask demand is likely to increase significantly in the future.
The market for these
NSF dry cask storages is likely to be driven by certain countries. Japan with
its decision to decommission existing nuclear reactors and move towards a
renewable oriented generation mix can be a potential market. While other
countries have not decided yet to walk on Japan’s path, long lasting effects of
the Fukishima disaster are imminent. Decommissioning of old reactors might be
the general public and regulatory sentiment in many countries, to be replaced
by newer and more efficient power plants. A major requirement of such dry
storage casks may be observed from the North American region, with both the
U.S. and Canada deciding to shut down and replace a number of their old reactors.
In the European market,
Germany and Russia are likely to be strong demand drivers for such dry storage
casks. Strong R&D is likely to be required by the manufacturers of these
casks to ensure leak free storage of such wastes in nuclear storage repositories.
As the requirement for newer and safer repositories increase to dispose of the
nuclear wastes, quality improvements in the casks will become necessary. Major
emerging markets are likely to be observed in the North American and Asia
Pacific regions. Some of the market players involved in the business of
manufacturing SNF dry storage casks are Skoda JS A.S., NAC International,
Holtec International and Areva among others.
More Report on Energy and Mining Market: http://www.transparencymarketresearch.com/energy-market-reports-3.html
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this
Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
It helps in making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments.
Download PDF: Global Spent Nuclear Fuel Dry Storage Casks Market
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