Nuclear Decommissioning Market is expected to grow over the CAGR of around 12% during the period 2016 to 2022
Nuclear decommissioning is the process in which the nuclear facility is destroyed to the extent where there is no requirement of radiation protection. Nuclear decommissioning removes radioactive materials that are dangerous, hazardous to the environment and time intensive. Once the radioactive materials are cleaned up there should be no radiologic danger left in nuclear facility.
One of the factors responsible for the growth of nuclear decommissioning market are increase in nuclear accidents. Nuclear accidents is dangerous to the environment. To dismantle this danger, nuclear decommissioning is extensively used. Other factors driving the growth of nuclear decommissioning market are the rising political pressure for closing of nuclear power plants, and stringent government regulations for decommissioning of nuclear power plant.
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- Areva Group (France),
- Babcock International Group PLC. (U.K.),
- Studsvik AB (Sweden),
- AECOM (U.S.),
- Westinghouse Electric (U.S.),
- EnergySolutions (U.S.),
- Nuvia Group (France),
- EDF-CIDEN (U.K.),
- Enercon Services, Inc. (Germany),
- GD Energy ServicesSpain).
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Nuclear Decommissioning Market Research Report – Global Forecast to 2022”
Market Research Analysis
The market is highly based on reactor types. Boiling water reactor is dominating the market due to the increase in the number of nuclear power plant being dismantled. The initiative for the decommissioning of the nuclear power plant by the government have also resulted in the growth of this segment. Pressurized water reactor is the second largest segment due to the increasing number of decommissioning in the forecast period.
The major drivers for the nuclear decommissioning market are growing nuclear accidents, rising political pressure, increase in safety of environment and people.
The major restraints that hinder the growth of nuclear decommissioning market are reliability of the service that accompanies the process. While dismantling there have been times when the radioactive elements had harmed the environment due to leakage. This is the major concern while dismantling.
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Scope of the Report
This study provides an overview of the global nuclear decommissioning market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global nuclear decommissioning market by reactor type, strategy, capacity and region.
By Reactor Type
- Deferred Dismantling
- Up to 800MW
- Above 1000MW
- North America
The factors driving the growth of nuclear decommissioning market are the rising nuclear accidents and political pressure for the closure of the nuclear power plant to ensure safety of the environment and people. The increase in support from the government for the pre-closure of nuclear power plant has also led to the growth of this market. Due to the stringent regulations, the low performance nuclear power plants are decommissioned so that there is no after effect. Digitization of system ensures that if there is any sudden change in the property of nuclear power plant and it is immediately managed by taking necessary steps. This is one of the major factors that responsible for the growth of nuclear decommissioning market.
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