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Nuclear Decommissioning Services Market

Nuclear Decommissioning Services Market Forecasts to 2028 – Global Analysis By Strategy (Immediate Dismantling, Deferred Dismantling), Capacity (Up to 800 MW, 801 MW-1,000 MW), Application (Commercial Power, Research) and By Geography

4.3 (57 reviews)
Published: December 2021 ID: SMRC21233
4.3 (57 reviews)
Published: December 2021 ID: SMRC21233

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Nuclear Decommissioning Services Market is accounted for $3.00 billion in 2020 and is expected to reach $10.41 billion by 2028 growing at a CAGR of 16.8% during the forecast period. Some of the factors such as rising political pressure for pre-closure, aging nuclear power plants, and technological advancements are propelling the market growth. However, high costs and nuclear waste disposal are hampering the market growth.

Nuclear decommissioning services are required after a plant reaches its end of operating life. This is carried out by dismantling structures, removing contaminated materials to appropriate disposal facilities, storing used nuclear fuel till it can be removed from the site of the nuclear power plant for disposal or safe storage, and releasing the property for other uses. These processes continue for a long duration, depending on the decommissioning process chosen.

Based on the reactor type, the pressurized water reactor (PWR) segment holds the largest share in the market during the forecast period. PWRs are highly chosen by industry operators due to factors such as a high level of stability and ease of operating them. This segment is projected to exhibit the strongest growth rate due to its extensive use and installation.

By geography, Europe is going to have a lucrative growth due to the rise in shutdown down of nuclear reactors and the country’s plan for complete phase-out. The presence of stringent government regulations in Europe to regulate dismantling processes is anticipated to propel market growth.

Some of the key players profiled in the Nuclear Decommissioning Services Market include AECOM, Ansaldo Nuclear Ltd., Babcock International Group plc, EDF-Ciden, Enercon Services Inc., EnergySolutions, GD Energy Services (GDES), Jadrova a vyradovacia spolocnost, a.s, KDC Contractors Limited, Nuvia Group, Onet Technologies SAS, Orano SA, ROSATOM, SOGIN S.p.A., Studsvik AB, and Westinghouse Electric Company LLC.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 6,482.62 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.1%

Predicted 2028 Value:

USD 10,410.55 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

215

Chapters Covered:

Product Type, Capacity, Material Type, Packaging Type, Application and Region

Core Drivers and Opportunities:

  • Growing awareness regarding health and hygiene issues of packed food products
  • Increasing per capita disposable income in developing countries

Restraining Factors & Market Threats:

  • The availability of substitutes at reasonable prices by local manufacturers

 
Strategies Covered:
• Immediate Dismantling
• Deferred Dismantling
• Entombment

Reactor Types Covered:
• Boiling Water Reactor (BWR)
• Gas Cooled Reactor (GCR)
• Pressurized Heavy Water Reactor (PHWR)
• Pressurized Water Reactor (PWR)
• Other Reactor Types

Capacities Covered:
• Up to 800 MW
• 801 MW-1,000 MW
• Above 1,000 MW

Applications Covered:
• Commercial Power Reactor
• Research Reactor
• Prototype Reactor

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Nuclear Decommissioning Services Market is majorly driven by the rising political pressure for pre-closure, aging nuclear power plants, and technological advancements.

The immediate dismantling segment is growing at the highest CAGR due to early phase-out of nuclear power plants.

Europe dominated with a significant market share due to the rising shutdown of nuclear reactors and the rise in public safety concerns.

Asia Pacific market is growing at the highest CAGR due to more number of nuclear power plants in Japan and South Korea.

Key players in Nuclear Decommissioning Services Market include AECOM, Ansaldo Nuclear Ltd., Babcock International Group plc, EDF-Ciden, Enercon Services Inc., EnergySolutions, GD Energy Services (GDES), Jadrova a vyradovacia spolocnost, a.s, KDC Contractors Limited, Nuvia Group, Onet Technologies SAS, Orano SA, ROSATOM, SOGIN S.p.A., Studsvik AB, and Westinghouse Electric Company LLC.

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