Dry Interim Storage Market to Record an Exponential CAGR by 2024
Spent
nuclear fuel management is one of the most important and critical
issues for nuclear power plants in the world. Spent nuclear fuel is
stored for a long duration of time before the final disposal. Dry and
wet interim storage are the commonly used methods to store spent
nuclear fuel. Dry interim storage offers a flexible, safe, and
cost-effective approach to store spent nuclear fuel. Increase in
global demand for power, primarily in developing economies of Asia
Pacific and North America, is driving the need for construction of
nuclear power plants. Dry interim storage for spent nuclear fuel
needs dry cask to store and contain the radioactivity within itself.
Rise in construction of nuclear power plants around the globe has
created the demand for spent nuclear fuel facilities (SNF).
Read
Report Overview @
About
one-third of fuel is removed or replenished in most of the nuclear
power reactors annually. The fresh nuclear fuel is added at each
cycle of refueling. The spent fuel recovered from the reactor is then
processed and finally placed into deep water pools located at the
reactor site to reduce its radiation and heat before cask storage.
Dry interim storage of the spent nuclear fuel can be carried out
through different methods. Commonly followed methods for dry interim
storage of SNF include metal cask, vault, concrete module, and other
dry storage methods such as drywells and tunnels. Most technologies
used for dry interim storage of SNF are distinguished from each other
in terms of their technical characteristics such as degree of
independence of the individual storage units, type of shielding, heat
transfer method, storage location, storage structure,
transportability, and type of geological surface. Construction of dry
interim storage facilities also differs in terms of modularity,
method of SNF handling, size, construction material, storage
containers layout, and configuration of SNF.
Metal
casks are generally designed for transportation and storage. Some
metal casks are meant only for the storage of SNF. Shielding of
radiations is primarily provided by the structure of the cask and its
material. Metal casks for dry interim storage are made from forged
steel, composite materials, or cast iron. Dry interim storage casks
are generally stored in an upright vertical position installed on a
concrete pad. Dry interim metal casks are primarily used for interim
storage of SNF around the globe. Concrete interim storage casks are
similar in shape as compared to metal interim storage casks. A
concrete interim storage cask provides shielding effect from nuclear
radiations. The steel liner present in the inner canister cavity of
the concrete provides containment for the SNF. A typical interim
concrete storage cask is made of the following components: fuel
basket, transportable storage canister with welded bottom plate
containment, shield lid, two penetration port covers, and structural
lid.
The
concrete filler provides shielding, structural support, natural
convection cooling, and protection from environmental conditions
during long term storage of SNF. Other popular methods for dry
interim storage of SNF are silos, horizontal concrete module system,
vault, twin tunnel, and dry well. Twin tunnel dry interim storage
method is a highly employed subsurface storage method that combines
borehole type emplacement with the drywell concept within a single
geological disposal repository. This type of interim storage method
offers long term interim storage of SNF with an option of its
retrieval for reuse. Majority of the SNF is generally stored in water
pools. Only 30% of the SNF produced is stored in dry storage
facilities around the globe.
Rise
in demand for uninterrupted and low-cost electricity across the globe
is resulting in the construction of nuclear power plants. This
provides immense potential for the dry interim storage market.
Increase in demand for power infrastructure in residential,
commercial, and industrial segments and rise in environmental
concerns are driving the market around the globe. The market for dry
interim storage for SNF is driven by factors such as increase in
nuclear power plants, rise in liquid and solid nuclear waste
generation from existing nuclear plants, and growth in health and
safety concerns in various countries around the globe. High
investment in nuclear infrastructure and high cost of cask material
and concrete are the major restraints of the dry interim storage
market.
Currently,
North America and Europe lead the global dry interim storage market
for SNF. These regions are followed by Asia Pacific owing to the
aggressive expansion of nuclear programs and infrastructure
development in China, India, and Japan. Technological growth in
infrastructure development and rapid economic growth in countries in
Asia Pacific are expected to provide immense opportunities to the
global players operating in the dry interim storage market for SNF.
Request
to view Sample Report:
Prominent
global players that produce dry interim storage for SNF are Augean
PLC, SRCL Ltd., Bechtel Corporation, Areva SA, Fluor Corporation, and
Holtec International are the major players operating around the
world. Increase in investment for the improvement of power, led by
the rise in per capita GDP of countries in Southeast Asia, and
commencement of new nuclear power projects are anticipated to boost
the demand for dry interim storage for SNF across the globe.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment