The report on Global Nuclear Decommissioning Market offers a deep insights about the market with the participations from industry professionals. This report also consist of a discussion of the key vendors operating in nuclear decommissioning market across the world. Furthermore, in order to analyze market size, this report studies the revenue produced from the usage of nuclear decommissioning market in different types of reactors.
As per the report, global nuclear decommissioning market is expected to mount at a CAGR of 5.0% over the forecast period. Some of the major factors propelling the market growth are fatal accidents for instance, the Chernobyl as well as Fukushima incidents. This has led to in an upsurge in the global decommissioning of nuclear plants. For example, throughout the 2011, Germany had made certain to phase out all its operational nuclear plants right from its unit of power mix till the end of the year 2022 that in turn further augments the growth of market in upcoming years.
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Another key factor anticipated to drive the growth of global nuclear decommissioning market by the end of forecast period is the struggle in discarding of nuclear waste that are radioactive. For example, approximately 27 tons of nuclear wastes are produced from about 1,000-MW nuclear reactor year on year. This type of waste that is radioactive produces a huge amount of heat as well as takes a long time to decompose. Thus, inappropriate disposal of such waste products may lead to severe ecological pollution. With the growth of such complications, the demand for nuclear decommissioning will likely develop in the forthcoming years. In addition, some of the associates of Nuclear Energy Agency (NEA) include Germany, the United States, the United Kingdom & Slovenia. NEA is an organization aiming on innovative technology for the safe nuclear decommissioning.
The global nuclear decommissioning market segments the market by different reactor types and geography. Based on the reactor type market has been led by pressurized water reactor (PWR) obtaining a noteworthy market share over the forecast period. This is a very frequently chosen reactor type by the industry operatives because of its features like higher level of firmness as well as easiness of operation. Furthermore, the division is anticipated to witness the firmest growth rate by the end of forecast spell as a result of its wide-ranging usage & installation.
On the basis of geography, the report focuses over several key regions. The markets of European region are anticipated to rise at the major CAGR over the forecast period due to the rising cessation of nuclear reactors as well as the country has further planned for complete phase-out. Additionally, growing governmental pressure in the area after the consequence of the Fukushima accident has further directed the market growth.
The report also profiles some of the major market players in order to provide competitive landscape of the market. Some of the players covered in the report include WS Atkins PLC, James Fisher & Sons PLC and GE Hitachi Nuclear Energy amongst others.
Key segments of the global nuclear decommissioning market
Reactor Type Overview, 2016-2027 (Megawatts) (USD Billion)
• Pressurized water reactor (PWR)
• Boiling water reactor (BWR)
Regional Overview, 2016-2027, 2028-2037 & 2038-2047 (Megawatts) (USD Billion)
• North America
o Western Europe
o Eastern Europe
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Rest of the World
Some Points from TOC:
1. Executive Summary
2. Research Methodology & Scope
3. Industry Outlook
4. Market Dynamics
5. Porter’s Five Forces Analysis
6. PESTEL Analysis
7. Market Analysis by Reactor Type
8. Market Analysis by Geography
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