According to the latest research, the global spent nuclear fuel dry storage cask market size reached USD 1.84 billion in 2025, reflecting robust and sustained demand for safe, long-term storage solutions for radioactive waste. The market is expected to grow at a CAGR of 5.9% from 2026 to 2034, reaching a forecasted value of USD 3.10 billion by 2034. Key growth drivers include increasing nuclear power generation worldwide, the rising need for interim storage solutions as permanent geological repositories continue to face siting and licensing delays, and stringent regulatory mandates designed to ensure public and environmental safety.
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