Bharatbook.com : Global Demand for Nuclear Spent Fuel Storage Casks to grow

The new Nuclear Equipment report titled “Global Nuclear Spent Fuel Storage Market Analysis and Forecasts to 2015” ( http://www.bharatbook.com/Market-Research-Reports/Global-Nuclear-Spent-Fuel-Storage-Market-Analysis-and-Forecasts.html ) presents an in-depth analysis of spent fuel storage industry and presents forecasts of spent fuel storage equipments’ demand. Managing spent nuclear fuels across the world has been one of the major concerns of the nuclear industry worldwide. Since spent nuclear fuel from the reactors is high level radioactive waste, it is important for the nuclear power generating countries to have well organized spent fuel management mechanisms. This would give enormous opportunities for the spent fuel storage equipment manufacturers.

The report covers the global nuclear power industry development, its growth trajectory and the demand for spent fuel casks in the global nuclear power industry. The report also presents in-depth analysis on region-wise product segments and revenue analysis in the spent fuel cask industry and also analyses the key players in the global nuclear spent fuel industry. This report looks at the key players in the global nuclear spent fuel arena, with detailed company information.

Quantity of discharged spent fuel waste in temporary storage facilities grow
Globally, discharged spent fuel waste from nuclear power facilities will increasingly become a concern as many of the countries do not have a clear policy on the long term spent fuel management. Though many of the nuclear power producing countries store spent nuclear fuel in temporary pool storage facilities, lack of adequate temporary facilities will demand usage of storage casks for long-term safe storage. Thousands of tons of new nuclear fuel have been added to the nuclear power reactors every year and the discharge of spent fuel is also increasing significantly. The annual discharge of spent fuel is estimated to be about 10,000 tHM currently. This report estimates that the increasing spent fuel discharge and lack of adequate capacity in pool storage will necessitate increased dry storage capacity in nuclear power producing countries.

Global Demand for Nuclear Spent Fuel Storage Casks to grow
The actual usage was less when compared to the demand in countries having the nuclear reactor facilities. Globally 247 units were used compared to the demand of 558 units for the year 2008. The global demand for the casks will increase at an AAGR of 0.16% during the period 2008-15.

North America and Europe to Remain Key Spent Fuel Storage Markets
North America and Europe will remain to be the key markets for the spent nuclear fuel storage cask industry in the coming years. The demand for spent fuel storage cask will increase in the Asia Pacific region with the increasing number of nuclear reactors in India and China. Middle East and African region, and Central and South American region will offer relatively lower prospects to the cask industry growth during the period under review. Demand for concrete and metal casks for storage as well as transportation purpose will increase in North America, Europe and Asia Pacific region. The report analyses demand for casks, actual demand met and demand not met in the year 2008. The report also provides a forecast for the next six years up to 2015.

The Asia Pacific region to witness increasing demand for spent fuel storage casks
The scale at which nuclear industry in Asia Pacific region is expanding indicates that nuclear power countries in the region will be key markets for nuclear equipment companies worldwide. There are a number of reactors in the planned and proposed stage in countries such as India, China, Japan and South Korea. Despite these countries have operating nuclear power reactors the usage of spent fuel casks in the past has been significantly low. The potential increase in spent fuel output in the coming years and limited capacity in temporary storage facilities will drive the spent fuel casks market.
 
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