Global Nuclear Decommissioning Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global nuclear decommissioning services market in its upcoming report titled, “Global Nuclear Decommissioning Services Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global nuclear decommissioning services market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global nuclear decommissioning services market report has been segmented on the basis of reactor type, strategy, capacity, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Nuclear decommissioning involves dismantling of nuclear facility to the point that it no longer requires measures for protection from harmful radiations. It is a technical process to reduce the level of residual radioactivity through proper administration and management.
Rising demand for electricity generated from nuclear power plants to decline load on non-renewable resources is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing need to avoid nuclear accidents and rising government support after nuclear accidents are the other factors expected to further fuels growth of the target market.
However, lack of necessary funds many delayed the decommissioning projects is a key factor expected to restrain growth of the global market over the forecast period. In addition, factors such as waste disposal & management, and decontamination may costly, which hampers growth of the target market in the near future.
Ongoing trend observed in the target market is increasing government regulations and initiatives towards renewable resources.
Growing research and development activities for new technologies are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in Europe dominates the target market in terms of revenue over the forecast period, owing to growing government regulations and increasing nuclear facilities in various countries such as UK, France, Germany, Lithuania, etc. The market in North America expected to register significant growth in terms of revenue over the forecast period, owing to government support and technological advancements in various countries in the region. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increasing number of nuclear power plants in various countries in the region.
Global nuclear decommissioning services market segmentation:
Segmentation by reactor type:
- Pressurized Water Reactor (PWR)
- Boiling Water Reactor (BWR)
- Pressurized Heavy Water Reactor (PHWR)
- Gas Cooled Reactor (GCR)
Segmentation by strategy:
- Immediate Dismantling
- Deferred Dismantling
Segmentation by capacity:
- Up to 800 MW
- 801 MW–1,000 MW
- Above 1,000 MW
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- AREVA SA
- Babcock International Group plc
- Studsvik AB
- Westinghouse Electric Company LLC
- ROSATOM State Atomic Energy Corporation
- Jadrova a vyradovacia spolocnost, a.s
- EnergySolutions, Inc.
- Nuvia Limited
- KDC Contractors Limited
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