Global Nuclear Decommissioning Services Market, By Reactor Type (Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR), Others), Strategy (Immediate Dismantling, Deferred Dismantling, Entombment), Capacity (Up to 800 MW, 801 MW–1,000 MW, Above 1,000 MW), Application (Commercial Power Reactor, Prototype Reactor, Research Reactor), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Nuclear Decommissioning Services Market
Nuclear decommissioning services market will reach an estimated valuation of USD 10.17 billion by 2028, while registering this growth at a rate of 6.90% for the forecast period of 2021 to 2028. Nuclear decommissioning services market report analyses the growth, which is currently being growing due to the increasing political pressure for pre-closure.
Nuclear decommissioning is a mechanism in which the operating licences issued by the nuclear regulatory commission (NRC) are revoked and nuclear power plants are removed from operation. In order to ensure that decommissioning is environmentally sustainable, the NRC is a regulatory body that has defined regulations and related guidelines specifying the specifications and the procedure that a business needs to follow.
Increasing utilization of renewable energy resources over nuclear energy power generation, rising occurrences of accidents, rising need to upgrade and digitize nuclear services, growing numbers of nuclear power plant decommissioning, rise in public safety concerns due to hazardous consequences of nuclear accidents, increasing number of government initiatives towards renewable energy, government authorities are providing various incentives and support schemes are some of the vital as well as important factors which will likely to augment the growth of the nuclear decommissioning services market in the projected timeframe of 2021-2028. On the other hand, aging nuclear power plants, increasing number of research and development activities along with adoption of novel technologies which will further contribute by generating massive opportunities that will lead to the growth of the nuclear decommissioning services market in the above mentioned projected timeframe.
High cost of decommissioning along with selection of decommissioning technology which will likely to act as market restraints factor for the growth of the nuclear decommissioning services in the above mentioned projected timeframe. Nuclear waste disposal will become the biggest and foremost challenge for the growth of the market.
This nuclear decommissioning services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on nuclear decommissioning services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nuclear Decommissioning Services Market Scope and Market Size
Nuclear decommissioning services market is segmented on the basis of reactor type, strategy, capacity, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of reactor type, the nuclear decommissioning services market is segmented into pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), gas cooled reactor (GCR), and others.
- Based on strategy, the nuclear decommissioning services market is segmented into immediate dismantling, deferred dismantling, and entombment.
- On the basis of capacity, the nuclear decommissioning services market is segmented into up to 800 MW, 801 MW–1,000 MW, and above 1,000 MW.
- Nuclear decommissioning services market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for nuclear decommissioning services market includes commercial power reactor, prototype reactor, and research reactor.
Nuclear Decommissioning Services Market Country Level Analysis
Nuclear decommissioning services market is analysed and market size, volume information is provided by country, reactor type, strategy, capacity, and application as referenced above.
The countries covered in the nuclear decommissioning services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Germany dominates the Europe nuclear decommissioning services market due to the increasing shutdown down of nuclear reactors along with rising political pressures and rise in public safety concerns due to hazardous consequences of nuclear accidents in the region. North America region is expected to hold the largest growth rate due to the shutdown of various reactors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nuclear Decommissioning Services Market Share Analysis
Nuclear decommissioning services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nuclear decommissioning services market.
The major players covered in the nuclear decommissioning services market report are AECOM.; Orano USA.; Babcock International Group PLC; Studsvik AB; Westinghouse Electric Company LLC; Ansaldo Energia; Enercon.; EnergySolutions; The State Atomic Energy Corporation ROSATOM; KDC (Veolia); NUVIA; Groupe ONET (SA); Sogin S.p.A.; Fluor Corporation; NorthStar Group Services, Inc.; SNC-Lavalin Group; PreussenElektra GmbH; NUKEM Technologies; GNS; Manafort Brothers Incorporated; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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