Nuclear Decommissioning Market Anticipated to Grow at 12% CAGR from 2016 to 2022

“Nuclear Decommissioning Market”
Global Nuclear Decommissioning Market Information Report by Reactor Type (PWR, BWR, and GCR), by Strategy (Immediate, Deferred Dismantling), by Capacity (up to 800MW, 801MW-1000MW, above 1000MW) and by Region – Global Forecast to 2022

Market Research Future published a Half Cooked Research Report on Global Nuclear Decommissioning Market.

Top Market Players:

The key players in Global Nuclear Decommissioning Market are 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).

Market Forecast and Overview:

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. The nuclear decommissioning removes the 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. The major drivers that are responsible for the growth of nuclear decommissioning market are growth in nuclear accidents that are hazardous to the environment and the rising political pressure for the closure of nuclear power plants. The growing initiative by the government for the safety of environment and people also lead to the growth of these market.

Europe has dominated the nuclear decommissioning market during the forecast period due to the increase in support from the government and concern from the public for the closure of nuclear power plant. North America is the second largest market of nuclear decommissioning because in his region there are various nuclear power plant that are old and required to be closed down. This increases the market of nuclear decommissioning in this region. In Asia-Pacific, countries such as Japan and South Korea have large number of nuclear power plants. The increase in the nuclear accidents in this region result in the growth of this market.

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Research Insights:

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.

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Scope of the Report:

The scope of the study segments the global nuclear decommissioning market by reactor type, strategy, capacity and region.

  • By Reactor Type:
    • PWR
    • BWR
    • GCR
  • By Strategy:
    • Immediate
    • Deferred Dismantling
    • Others
  • By Capacity:
    • Up to 800MW
    • 801MW-1000MW
    • Above 1000MW
  • By Region:
    • North America
    • Europe
    • Asia-Pacific
    • ROW

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