United States Dry-Shielded Canister Market was valued at USD 0.45 Billion in 2022 and is projected to reach USD 0.75 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The US Dry-Shielded Canister (DSC) Market is experiencing rapid growth as industries demand innovative solutions for the safe storage of nuclear waste. The dry-shielded canister is a crucial component in managing spent nuclear fuel (SNF) in an environmentally secure and economically feasible way. The demand for these canisters is being driven by various industries, with particular emphasis from the nuclear power sector, as well as waste management and energy generation industries.
In recent years, the need for safe, long-term storage of nuclear waste has become even more critical. The US Dry-Shielded Canister Market caters to this need by offering a reliable and durable method to isolate and contain nuclear waste. These canisters are designed to withstand environmental conditions and to prevent any leakage, making them essential in safeguarding public health and the environment from harmful radiation. The increasing number of nuclear plants across the United States and the growing stockpile of spent nuclear fuel are key factors propelling the market forward.
From the perspective of industries, the requirement for dry-shielded canisters extends beyond nuclear energy. Companies in the waste management, government, and environmental protection sectors rely on these canisters for efficient handling and storage. With the push towards sustainable energy sources, the nuclear energy industry is expected to grow in the coming years, further increasing the demand for dry-shielded canisters.
The design and production of these canisters are highly regulated, with industries looking for solutions that offer enhanced safety, reliability, and cost-effectiveness. As the market grows, manufacturers are constantly innovating to meet these demands, creating more advanced and versatile canisters that are easier to transport, store, and maintain. Notably, industries seek options that can maximize the lifespan of canisters while adhering to stringent regulatory standards.
Furthermore, the shift towards more decentralized nuclear energy production and increased investments in nuclear technology are expected to continue to push the Dry-Shielded Canister Market forward. As safety regulations become more stringent, the requirement for high-quality, durable canisters to safely house nuclear waste will become even more pressing.
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Orano
NPO
Holtec International
NAC International Inc.
BWX Technologies
Inc.
Gesellschaft Für Nuklear-Service
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Dry-Shielded Canister Market
Standard Dry-Shielded Canisters
High-Security Dry-Shielded Canisters
Heavy Duty Dry-Shielded Canisters
Nuclear Power Plants
Research Facilities
Defense and Military
Stainless Steel
Carbon Steel
Aluminum
Storage of Nuclear Waste
Transportation of Radioactive Materials
Disposal of Radioactive Waste
Radiation Shielding
Heat Resistance
Corrosion Resistance
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Dry-Shielded Canister Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Dry-Shielded Canister Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Dry-Shielded Canister Market, By Type
6. US Dry-Shielded Canister Market, By Application
7. US Dry-Shielded Canister Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Dry-Shielded Canister Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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