Nuclear Decommissioning Global Market – Overview
The global nuclear decommissioning market is estimated to witness a steady expansion during the forecast period, which is mainly driven by various government initiatives for the pre-closures of nuclear reactors. Nuclear accidents have primarily driven all government agencies for the decommissioning of nuclear reactors. The Fukushima Daiichi nuclear disaster had displaced more than 150,000 people. Traces of the radioactive elements iodine and caesium have been detected at various locations around the world.
The global Nuclear Decommissioning Market has been segmented as reactor, strategy and capacity. Based on reactor, the market is further segmented as boiler water reactor, pressurised water reactor and gas cooled reactor. Boiler water reactor held the largest market share during the year 2016, as most nuclear plants utilize this technology. Based on strategy, the market is segmented as immediate dismantling, deferred dismantling and others. Immediate dismantling segment has been estimated to dominate the market during the forecast period due to the early closures of numerous nuclear plants in Europe. Based on capacity, the market has been segmented as up to 800 MW, 801 MW to 1000 MW, and above 1000 MW. Up to 800 MW segment is estimated to dominate the segment as these are smaller plants, and alternatives power sources for the rated energy consumption can be easily arranged in comparison to regions with higher dependency on nuclear power.
Geographically, the global nuclear decommissioning market has been segmented into North America, Europe, Asia Pacific and Rest of the World. Europe dominated the market in 2017, having the largest market share, followed by North America and Asia-Pacific. Majority of the growth in the Europe is because of the numerous government policies due to environmental concerns. Asia-Pacific has many nuclear plants, which is primarily driving the market in the region. The US alone has about 100 power plants and will dominate the market in the North America.
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Nuclear Decommissioning Global Market – Competitive Analysis
The global market for Nuclear Decommissioning is presently in an expansion stage. To uphold the market position and to propel the market growth, all the key players are extremely involved in acquiring upcoming new project developments across the globe, so as to present their product diversity and market supremacy. Market leaders are innovating unceasingly and progressively seeking market growth opportunities through numerous strategic mergers and acquisitions, product development, innovation, boosting and focusing into investments in research and development and cost-effective product offering.
Orano (US), GD Energy Services (Spain), Enercon (Germany), EDF (UK), Nuvia Group (France), Energy Solutions (US), Westinghouse (US), AECOM (US), Studsvik AB (Sweden) and Babcock International Group PLC. (UK) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global nuclear decommissioning market.
In July, 2018 – The Nuclear Decommissioning Authority announced that Magnox Ltd will become its subsidiary in 2019. Magnox is owned by Cavendish Fluor Partnership; whose contract ends in September 2019. Magnox currently has 12 sites across Britain.
In June, 2018 – Cavendish nuclear in collaboration with OC robotics and Babcock international group, are developing a safer technology for decommissioning of nuclear plants. They are radiological technology with virtual reality for the remote operation on its nuclear power plants.
In June, 2018 – Westinghouse Electric company announced the completion of initial criticality of the world’s first AP1000 plant in Sanmen, China. The plant will soon be connected to the electrical grid for public power supply.
In February, 2018 – Nuvia group collaborated with CEA Tech, are developing two common R & D laboratories as a developmental strategy. The collaboration will bring along new instruments, aiding the decommissioning process.
Nuclear Decommissioning Global Market – Segmentation
The scope of global nuclear decommissioning market is segmented into three major segments which are explained below:
- Boiling Water reactor
- Pressurized Water Reactor
- Gas cooled reactor
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- Deferred Dismantling
- Up to 800 MW
- 801 MW To 1000 MW
- Above 1000 MW
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