Nuclear Decommissioning Market – Overview
Nuclear Decommissioning process include the cleaning of radioactivity and demolishing tasks of the power plants making it further available for some other use. Nuclear power plants, have a limited life generally 55 years. However, recent technological advancement have proved to be effective in refurbishing them to run well beyond this allowing a substantial grace period. Nuclear Decommissioning towards end of life production ensures removal of radioactive materials that are dangerous, hazardous to the environment and time intensive; thus protecting the ecosystem. Worldwide there are about 150 shutdown reactors; out of which around 17 were due to be completely decommissioned by 2016. These statics presages the phenomenal traction the Nuclear Decommissioning market is garnering currently on the global platform.
Acknowledging the potential of the market to grow by 2022; Market Research Future has recently published a study report, which indicates that the Global Nuclear Decommission Market is estimated to ascend enormously by 2022 registering a phenomenal rate of a CAGR during the forecast period (2017 – 2022).
Shutting down a reactor and start decommissioning may be the owner’s decision; that also allows him the liberty to write it off or declare that it is permanently removed from operation; however there are multiple reasons based on which the shutdown decision might get implemented. Predominant ones being experimental, following an accident or serious incident (not necessarily to the reactor itself) which can be attributed to economically unjustified repairs. Sometimes a reactors is shut down based on the political decision or due to regulatory impediment without clear or significant economic or technical justification.
Prominent Players
Areva Group (France), Babcock International Group PLC. (U.K.), Studsvik AB (Sweden), AECOM (U.S.), and Westinghouse Electric (U.S.), EnergySolutions (U.S.), Nuvia Group (France), EDF-CIDEN (U.K.), Enercon Services, Inc. (Germany), GD Energy Services (Spain) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Nuclear Decommissioning Market.
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Nuclear Decommissioning Market – Competitive Analysis
The embryonic market of Nuclear Decommissioning appears to be competitive yet consolidated. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players.
Industry/ Innovation/ Related News:
January 22, 2018 – The Omaha Public Power District (OPPD – US) and Exelon Generation LLC which were partnered for the Fort Calhoun Nuclear Station (FCS) in 2012; announced that the plant has come to an end and so has their nuclear plant management project at FCS.
January 08, 2018 – Canadian federal and provincial authorities announced the completion of the technical assessment of Canadian Nuclear Laboratories’ (CNL’s) draft environmental impact statement (EIS) for the proposed in-situ decommissioning of Whiteshell Reactor 1 (WR-1). CNL states that at the time the reactor was shut down, deferred decommissioning was the preferred strategy for management of the main reactor building. The reactor was therefore defueled and has been maintained in a state of “storage with surveillance”.
January 16, 2018 – TWI (The Welding Institute UK) world’s leading research and technology organisation submitted their study on the use of lasers for nuclear decommissioning. TWI has been investigating the use of lasers for remote nuclear decommissioning work and has successfully deployed the technology on two separate nuclear sites in the UK, with clear tangible cost and safety benefits.
According to the TWI – Laser cutting is an alternative remote thermal size reduction technology, which minimises the complexity of deployment and secondary waste rising from the cutting process. The technology is now being considered for size reduction of an active research reactor on a Magnox site.
Worldwide Nuclear Decommissioning Market – Segmentation
For an easy grasp and enhanced understanding; the market is segmented in to 4 Key dynamics.
By Reactor Type : Comprises – PWR, BWR, and GCR.
By Strategy : Immediate, Deferred Dismantling, and others.
By Capacity : up to 800MW, 801MW-1000MW, above 1000MW.
By Regions : North America, Europe, APAC and Rest of the World.
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List Of Tables
Table 1 Global Nuclear Decommissioning Market, By Reactor Type
Table 2 Global Nuclear Decommissioning Market, By Strategy
Table 3 Global Nuclear Decommissioning Market, By Capacity
Table 4 Global Nuclear Decommissioning Market, By Regions
Table 5 North America Nuclear Decommissioning Market, By Reactor Type
Table 6 North America Nuclear Decommissioning Market, By Strategy
Table 7 North America Nuclear Decommissioning Market, By Capacity
Table 8 U.S. Nuclear Decommissioning Market, By Reactor Type
Table 9 U.S. Nuclear Decommissioning Market, By Strategy
Table 10 U.S. Nuclear Decommissioning Market, By Capacity
Table 11 Canada Nuclear Decommissioning Market, By Reactor Type
Table 12 Canada Nuclear Decommissioning Market, By Strategy
Table 13 Canada Nuclear Decommissioning Market, By Capacity
Table 14 Europe Engineering Plastic market, By Country
Continue…………
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