Global Spent Fuel Storage Casks Market Growth 2025-2031

The global Spent Fuel Storage Casks market size is predicted to grow from US$ 1430 million in 2025 to US$ 1994 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

Spent fuel storage casks are specialized containers designed for the safe storage and transportation of spent nuclear fuel from reactors. These casks provide shielding to prevent radiation exposure, structural integrity to withstand environmental hazards, and cooling mechanisms to dissipate residual heat from the spent fuel. They are typically made of steel and concrete and can be classified into dry or wet storage systems. Dry cask storage is commonly used for long-term containment, where fuel assemblies are sealed in inert gas-filled metal canisters within reinforced concrete structures. These casks play a crucial role in nuclear waste management, ensuring safety and security while awaiting permanent disposal or reprocessing.

United States market for Spent Fuel Storage Casks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Spent Fuel Storage Casks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Spent Fuel Storage Casks is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Spent Fuel Storage Casks players cover Orano, Holtec International, NAC International, BWX Technologies, Gesellschaft Für Nuklear-Service, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Spent Fuel Storage Casks Industry Forecast” looks at past sales and reviews total world Spent Fuel Storage Casks sales in 2024, providing a comprehensive analysis by region and market sector of projected Spent Fuel Storage Casks sales for 2025 through 2031. With Spent Fuel Storage Casks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spent Fuel Storage Casks industry.

This Insight Report provides a comprehensive analysis of the global Spent Fuel Storage Casks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spent Fuel Storage Casks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spent Fuel Storage Casks market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spent Fuel Storage Casks and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spent Fuel Storage Casks.

This report presents a comprehensive overview, market shares, and growth opportunities of Spent Fuel Storage Casks market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Metal Containers
Concrete Containers

Segmentation by Application:
Spent Fuel Processing Plant
Nuclear Power Plant
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Orano
Holtec International
NAC International
BWX Technologies
Gesellschaft Für Nuklear-Service
Hitachi
ENSA
Kanadevia
Doosan
XI'AN Nuclear Equipment
Lanzhou LS Heavy Equipment

Key Questions Addressed in this Report

What is the 10-year outlook for the global Spent Fuel Storage Casks market?

What factors are driving Spent Fuel Storage Casks market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Spent Fuel Storage Casks market opportunities vary by end market size?

How does Spent Fuel Storage Casks break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.