Nuclear Decommissioning Services Market to Grow at a CAGR of 6.3% to reach US$ 9.43 Bn from 2019 to 2027
May 20, 2021
The nuclear decommissioning services market was valued at US$ 5.82billion in 2019 and isprojected to reach US$ 9.43billion by 2027; it is expected to grow at a CAGR of6.3% from 2020 to 2027.
The global nuclear power generation sector is experiencing arise in the numbers of aging infrastructure. At present, several nuclear powerfacilities are nearing the respective end of the operational lifecycle aftergenerating power for more than three decades. The increase in the number ofnuclear power plants that are reaching the phase out period is leading the governmentsand respective operators to decommission the facilities. This is generatingsignificant demand for decommissioning services, thereby catalyzing the growthof the nuclear decommissioning services market.
During 2018 and 2019, large number of nuclear plants retiredin the US, Europe, and APAC. For instance, Oyster Creek Nuclear GeneratingStation (US), Philippsburg nuclear power plant (Germany), Fessenheim nuclearpower plant (France), and Chinshan Nuclear Power Plant (Taiwan), are among someof the nuclear power plants that were shut down in 2018 and 2019 and areawaiting decommissioning activities.
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The List of Companies: AECOM, AnsaldoEnergia S.p.A., BabcockInternational Group PLC, BechtelCorporation, EnergySolutions, GEHitachi Nuclear Energy (GEH), OnetSA, Orano, StudsvikAB, WestinghouseElectric Company LLC, FluorCorporation, NUVIAGroup, NorthstarGroup Services, Atkins(SNC-Lavalin), PreussenElektraGmbH, NUKEMTechnologies, GNSGesellschaft fürNuklear-Service mbH, ManafortBrothers Inc., SoginS.p.A., KoreaHydro & Nuclear Power Co. Ltd
The latest research report on the “Nuclear Decommissioning Services Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Nuclear Decommissioning Services market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Nuclear Decommissioning Services market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Nuclear Decommissioning Services Market in order to help decision makers with various strategic insights and future outlook. The Nuclear Decommissioning Services market is expected to witness continued growth during the forecast period from 2020 to 2027.
This is a professional and in-depth study on the current state of the Nuclear Decommissioning Services Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Nuclear Decommissioning Services Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Nuclear Decommissioning Services Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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