Blockchain Press Releases
Nuclear Waste Management Market to Reach $5.7 Billion, Globally, by 2032 at 1.9% CAGR: Allied Market Research
The global nuclear waste management market is experiencing growth due to factors such as radioactive hazard mitigation and environment protection, volume reduction & long-term solutions, resource conservation, and energy generation
PORTLAND, Ore., Aug. 3, 2023 /PRNewswire/ — Allied Market Research published a report titled, “Nuclear Waste Management Market by Waste Type (Low-Level Waste, Intermediate-Level Waste, and High-Level Waste), Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, and Pressurized Heavy Water Reactor), and by Disposal Method (Incineration, Storage, Deep Geological Disposal, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global nuclear waste management industry generated $4.8 billion in 2022 and is estimated to reach $5.7 billion by 2032, exhibiting a CAGR of 1.9% from 2023 to 2032.
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Prime Determinants of Growth:
The global nuclear waste management market is experiencing growth due to factors such as radioactive hazard mitigation and environment protection, volume reduction and long-term solutions, resource conservation, and energy generation. However, the environmental risk and radioactive hazards, the rise in awareness and public perception, and the high cost and stringent regulations restrain market growth to some extent. Nevertheless, technological advancements for energy conservation and economic development are expected to provide ample growth opportunities throughout the forecast period.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
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Base Year |
2022 |
|
Market Size in 2022 |
$4.8 billion |
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Market Size in 2032 |
$5.7 Billion |
|
CAGR |
1.9 % |
|
No. of Pages in Report |
300 |
|
Segments Covered |
Waste Type, Reactor Type, Disposal Method, and Region |
|
Drivers |
Radioactive hazard mitigation and environment protection |
|
Volume reduction and long-term solutions |
|
|
Resource conservation and energy generation |
|
|
Opportunities |
Technological advancements for energy conservation |
|
Economic Development |
|
|
Restraints |
Environmental risk and radioactive hazards |
|
Rise in awareness and public perception |
|
|
High cost and stringent regulations |
The high level waste segment is projected to maintain its dominance throughout the forecast period-
By waste type, the high level waste segment held the highest market share in 2022, accounting for more than one-third of the global nuclear waste management market revenue, and is expected to maintain its dominance throughout the forecast period. The same segment would also showcase the fastest CAGR of 2.1% during the forecast period. High-level nuclear waste (HLW) refers to highly radioactive materials that are produced as a result of nuclear fuel reprocessing or spent fuel from nuclear power plants. HLW contains long-lived radionuclides and poses significant risks to human health and the environment, requiring strict management measures.
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The pressurized water reactor segment is expected to maintain its leadership status during the forecast period-
By reactor type, the pressurized water reactor segment held the highest market share in 2022, accounting for nearly two-fifths of the global nuclear waste management market revenue, and is expected to maintain its leadership status during the forecast period. The same segment would also display the fastest CAGR of 2.1% during the forecast period. Pressurized Water Reactors (PWRs) are a common type of nuclear reactor used in commercial nuclear power plants. The management of nuclear waste generated from PWRs involves several key steps and considerations. The primary waste generated in PWRs is spent fuel, which consists of fuel assemblies that no longer sustain a chain reaction. The spent fuel is stored in the pools for several years to allow the heat and radioactivity to decrease.
The deep geological disposal segment is expected to maintain its lead position during the forecast period-
By disposal method, the deep geological disposal segment held the highest market share in 2022, accounting for more than two-thirds of the global nuclear waste management market revenue, and is expected to maintain its lead position during the forecast period. The same segment would also cite the fastest CAGR of 2.0% during the forecast period. Deep geological disposal is a method used for the long-term management and disposal of high-level radioactive waste (HLW) and some types of intermediate-level waste (ILW). It involves placing the waste deep underground in specially designed repositories located in stable geological formations. Deep geological disposal facilities undergo rigorous safety assessments to evaluate the long-term performance and containment of the waste. Regulatory bodies establish stringent regulations and oversight to ensure compliance and protect human health and the environment.
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Asia-Pacific region to garnered the market by 2032-
By region, Asia-Pacific held the highest market share in 2022, garnering more than two-fifths of the global nuclear waste management market revenue, and is expected to maintain its dominance throughout the forecast period. Japan has been actively pursuing a geological repository site selection process, while China is in the early stages of repository planning. International cooperation and knowledge sharing play an important role in nuclear waste management in the Asia-Pacific region. Countries collaborate through organizations such as the International Atomic Energy Agency (IAEA) to share best practices, conduct research, and develop international guidelines and standards for waste management. However, the Europe region is expected to witness the fastest CAGR of 2.2% from 2023 to 2032. Nuclear waste management in Europe involves the handling, storage, treatment, and disposal of radioactive waste generated from nuclear power plants, research facilities, medical institutions, and other sources of nuclear technology. Reprocessing of nuclear waste has been practiced in some European countries, including France and the United Kingdom. Several countries, including Sweden, Finland, France, and Switzerland, are at different stages of planning and implementing deep geological repositories. These repositories are designed to provide long-term isolation and containment of radioactive waste in stable geological formations.
Leading Market Players: –
- Augean
- Perma-fix environmental services, Inc.
- Svensk karnbranslehantering ab
- Stericycle, Inc.
- Us Ecology, Inc.
- Veolia environment sa.
- Bechtel corporation
- Waste control specialists LLC (wcs)
- Energy solutions
- JGC HOLDINGS CORPORATION
The report provides a detailed analysis of these key players in the global nuclear waste management market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
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About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
KuCoin Launches KuCoin Pay, a Merchant Solution Leading the Future of Crypto Payments
VICTORIA, Seychelles, Jan. 2, 2025 /PRNewswire/ — In a significant leap forward for digital commerce, KuCoin has unveiled KuCoin Pay, a pioneering merchant solution designed to catalyze business growth by integrating crypto payments into the retail sector. This innovative system bridges the gap between traditional retail and crypto, offering contactless and borderless transactions. Leveraging KuCoin’s robust infrastructure—trusted globally and serving over 37 million+ users – KuCoin Pay is poised to open new opportunities for merchants and users to thrive in the evolving digital economy.
KuCoin Pay is committed to reducing transaction fees and facilitating immediate settlement of crypto payments, simplifying the process for businesses to manage transactions efficiently. The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments.
The process for merchants is straightforward: integrate KuCoin Pay into their payment systems, allowing customers to complete purchases through KuCoin by scanning a QR code or via the KuCoin app. This integration ensures a frictionless checkout experience, fostering greater consumer confidence and satisfaction.
Additionally, KuCoin Pay is integrated within the KuCoin app, enabling businesses to tap into KuCoin’s extensive user base while simplifying the buying process for everyday items for users. Daily requests such as gift cards and mobile top-ups can be done seamlessly, further promoting widespread crypto adoption.
KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem. For more information on KuCoin Pay and how it can transform your business, please visit the KuCoin Pay website.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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Blockchain Press Releases
KuCoin Advances the “Menstrual Equity Project”, Benefiting 4,000 Women in the Bahamas
NASSAU, Bahamas, Jan. 2, 2025 /PRNewswire/ — On December 31, 2024, the “Menstrual Equity Project” , jointly initiated by KuCoin, Global CSR Foundation, and the American Medical Women’s Association (AMWA), has made new progress. The second batch of aid supplies has been successfully shipped to the Bahamas, providing urgently needed sanitary products for 4,000 local women and effectively improving their quality of life.
The “Menstrual Equity Project” aims to offer sustainable menstrual hygiene solutions to marginalized women and girls, aligning with the United Nations’ Sustainable Development Goals (SDGs). As the oldest multi-specialty medical organization promoting women’s advancement in the medical field and improving women’s health, AMWA’s mission is in perfect alignment with KuCoin’s commitment to social responsibility.
With the support of the Office of the First Lady of Commonwealth of Bahamas H. E. Ann Marie Davis, this round of donated materials focuses on disposable menstrual pads. This decision reflects the local challenges of water scarcity and high washing costs, while also providing essential emergency supplies for women during natural disasters such as hurricanes and typhoons.
Since KuCoin made a firm commitment to social welfare initiatives during the “KuCoin Green Future Gala” at the 28th United Nations Climate Change Conference (COP28) in 2023, the company has actively fulfilled its corporate social responsibilities. The “Menstrual Equity Project” has become a key initiative under this commitment.
In March 2024, the project’s first phase was implemented, distributing 1,000 menstrual kits—each containing 10 sanitary pads and 2 menstrual cups—to Suriname, St. Jude Children’s Research Hospital, and domestic violence shelters in New York and California.
The smooth delivery of the second batch of supplies to the Bahamas will benefit 4,000 women.
Jing Zhao Cesarone，President of Global CSR Foundation, commented:”KuCoin has set a remarkable example in addressing period poverty in underserved regions, demonstrating its enthusiasm and dedication to social responsibility.”
Nancy Cheung, KuCoin’s Chief Sustainability Officer (CSO), emphasized:”As a global leader in the digital economy, KuCoin is committed to advancing the UN’s Sustainable Development Goals (SDGs). Looking ahead, we will continue to focus on key areas such as climate change, health, and education, driving more philanthropic initiatives to fruition. We also plan to expand the scope of the ‘Menstrual Equity Project,’ collaborating with more international organizations to improve women’s living conditions and contribute to global sustainable development.”
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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Blockchain Press Releases
Bybit Launchpad Onboards Xterio, Opening up Opportunities in Blockchain Gaming for Users
DUBAI, UAE, Dec. 31, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the next major Launchpad project, Xterio token (XTER), with 7,500,000 XTER in rewards for early subscribers. Bybit users now have the opportunity to delve into the GameFi economy and earn rewards through two stages: by subscribing to the token on Bybit Launchpad by Jan. 7, and by completing simple tasks to unlock additional prize pools following XTER’s Spot listing on Jan. 8.
Xterio is an AI-powered blockchain gaming platform built on the Layer 2 OP Superchain ecosystem. Xterio’s innovative approach to combining gaming and rewards has attracted high-caliber investors and developers. The project has raised over $80 million in funding and boasts strong backing from Binance Labs, Makers Fund, DST Global, and over 70 partners.
XTER Subscription – How to Participate:
During the subscription period, users have two options to share in the 7,500,000 XTER rewards:
- Subscribing to Buy XTER with MNT for a chance to win from the total pool of 3,750,000 XTER (with an individual cap of 7,500 XTER).
- Joining the lottery with USDT to win XTER allocation from another 3,750,000 XTER prize pool (with an individual cap of 4 lottery tickets per users).
To participate, eligible users must maintain a daily average balance of 50 MNT or 100 USDT during the Snapshot Period from Jan. 3 to 7, 2025. The required amount must be committed during the Subscription Period from 3:30 AM UTC to 8:50 AM UTC on Jan. 8, and tokens will be allocated by 9:59 AM UTC on the same day.
XTER Spot Listing – More Rewards Head
From Jan. 7 to 22, 2025, Bybit users can also unlock two additional XTER prize pools by completing simple tasks:
- Users may register for the XTER Token Splash and complete deposit and trading tasks for a chance to earn from a 300,000 XTER prize pool; and
- The XTER Puzzle Hunt allows participants to collect puzzle pieces to unlock another 300,000 XTER prize pool.
Xterio on Bybit Web3: A Rising Star in Blockchain Gaming
Xterio also provides a robust and vibrant ecosystem through its strategic partnerships. Recently featured on Bybit Web3’s GameFi SNZ, Xterio ranked 4th among a formidable list of contenders, where its supporters shared a 38,000 XTER prize pool on Bybit.
By subscribing to and trading the native XTER token, Bybit users have the chance to get ahead in the rapidly growing blockchain gaming sector.
“We are excited to bring Xterio to Bybit Launchpad, offering our users a unique opportunity to get in early on the future of blockchain and AI gaming,” said Emily Bao, Head of Web3 and Spot at Bybit.
Bybit Launchpad offers a transparent platform allowing users to participate in high-potential blockchain projects at attractive prices in the early stages. Curated by blockchain experts, Launchpad projects often gain strong community support before landing on Bybit Spot, where users benefit from the platform’s robust infrastructure, safe trading environment, and deep liquidity.
For a detailed timeline on Bybit Launchpad and Bybit Spot, (terms and conditions apply), users may find out more from the announcement – Xterio (XTER) on Bybit Launchpad 3.0: Now Live, and visit Bybit Launchpad.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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