Nuclear Decommissioning Market Revenue, Global Trends, Company Analysis, Growth Factors, Size, Technology and Industry Forecast 2030
Research Reports
Apr 13, 2023
Nuclear Decommissioning Market Overview
Nuclear Decommissioning Market share is projected to be worth USD 6.1 Billion, registering a CAGR of 5.1% during the forecast period (2022-2030).
The nuclear decommissioning refers to the process of dismantling and removing a nuclear facility from service after its operational life has ended. This can include removing nuclear fuel, decontaminating the site, and managing the resulting waste. The market is primarily driven by the increasing number of aging nuclear reactors and the need for their safe and efficient decommissioning.
Some of the major factors driving the growth of the nuclear decommissioning market include the increasing number of aging nuclear reactors, the stringent regulatory environment, and the growing demand for safe and sustainable energy sources. However, the high cost of decommissioning and the challenges associated with managing nuclear waste remain significant challenges for the industry.
Industry News
In January 2021, the best price for nuclear decommissioning was won by a FUKUSHIMA college robot named MEHIKARI. This robot got a lot of praise for its speed and special ability to execute various methods for retrieving mock debris after evaluating the size of the plant (the site of nuclear disaster activated by a big earthquake and tsunami.
In January 2021, to create novel technologies for the nuclear industry, Japan and United Kingdom are working together which in turn also calls for big and strong robotic arms to help in decommissioning of retired nuclear plants.
In December 2020, for investment in nuclear decommissioning, an energy mix was finalized by Seoul.
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Nuclear Decommissioning Market Key Players
Prominent players profiled in the global nuclear decommissioning market report includes,
- GD Energy Services (Spain)
- Enercon Services Inc. (Germany)
- EDF-CIDEN (U.K.)
- Nuvia Group (France)
- EnergySolutions (U.S.)
- Westinghouse Electric (U.S.)
- AECOM (U.S.)
- Studsvik AB (Sweden)
- Babcock International Group PLC. (U.K.)
- Areva Group (France).
Regional Analysis
If we look at nuclear decommissioning market share and other details, this industry is remarkably working in four major regions of the world that is Asia Pacific, Europe, North America, and Middle East & Africa. During the forecast period, the European region will dominate this market because of rising environmental concerns, increased support from the government in terms of stringent policies to regulate the dismantling process. Also, the rising number of the establishment of nuclear power plants in this region is another factor responsible for the growth of this market in the European region. In addition to this, the Asia Pacific region will also grow at a good pace during the forecast period due to the presence of several matured nuclear power plants which in turn increases the demand for nuclear-decommissioning processes.
Nuclear Decommissioning Market Segmentation
Looking at the latest research analysis, the nuclear-decommissioning industry can be bifurcated based on reactor types, capacities, and strategies dismantling. Out of all the segments of this market, the immediate dismantling segment will witness tremendous growth during the forecast period because of the early phase-out of nuclear power plants all around the world especially in the European region (in countries like Italy and Germany). The PWR segment of the reactor segment of the market will also experience noteworthy growth by the end of the forecast period with a compound annual growth rate (CAGR) of 5%.
If we look at this industry then based on reactor type, it is categorized into PWR, BWR, GCR, and others.
Further based on strategies dismantling, it has immediate dismantling, deferred dismantling, and others.
Lastly based on capacities, it has up to 800MW, 801-1000MW, above 1000MW.
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The Report Answers Following Questions:
- What are the key drivers of this market growth?
- What are the emerging trends that could impact the demand for this industry in the future?
- How will market evolve over the next 5-10 years?
- What strategies do you think companies should adopt to meet the demand and capitalize on market growth opportunities?
- What will be the future growth rate of the market?
- What is the current demand for this market?
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Nuclear Decommissioning Market, By Reactor Type
4.1 PWR
4.2 BWR
4.3 GCR
5 Global Nuclear Decommissioning Market, By Strategy
5.1 Introduction
5.2 Immediate
5.3 Deferred Dismantling
5.4 Others
6 Global Nuclear Decommissioning Market, By Capacity
6.1 Industrial
6.2 Up To 800MW
6.3 800MW-1000MW
6.4 Above 1000MW… Continued
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