Nuclear Waste Management Industry - Regional Synopsis
On the basis of geographical analysis, the nuclear waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific industry is estimated to account for largest revenue share by 2037, on the back of high population growth coupled with rising electricity demand in countries such as China and India. For instance, the total electricity consumption in India in the year 2020 reached a value of 860 KWh, which was around two-thirds of the Asian average. Along with these, growing implementation of nuclear power plants is also projected to drive market growth in the APAC region. Moreover, the markets in Europe and North America are also expected to grab significant shares during the forecast period owing to the rise in development of nuclear weapons in countries, namely the US, France, Russia and the UK, strong presence of nuclear waste management market players, and growing environmental concerns for managing nuclear wastes in these regions.
