Global Nuclear Decommissioning Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Nuclear Decommissioning Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Nuclear Decommissioning Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe is considered to hold the largest market share followed by North America and APAC. This can be attributed to government support, followed by public concern for pre-closure of nuclear power plants.
The process where a nuclear facility is dismantled to the point that it no longer requires measures for radiation protection is termed as nuclear decommissioning. It mainly involves materials that is highly radioactive and requires sophisticated methods of containment and remote handling. The wastes which arises from decommissioning are dangerous and have to be stored or disposed of securely in order to protect the environment and future generation. Additionally, the nuclear decommissioning work must be carried out to the highest possible standards to protect workers, general public, and the environment.
There is increasing demand for nuclear decommissioning owing to the growing support from the governments of different countries post nuclear accidents. The political pressure is building up from the public as well as from the government, due to which there is a need for nuclear phase-out. However, high cost of decommissioning may hamper the growth of the market. The opportunities that can strengthen the growth of the market includes aging nuclear power plants. Selection of decommissioning technology and nuclear waste disposal are various challenges of the market.
The global nuclear decommissioning market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. These report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
On the basis of segmentation, the market is divided into rector type, strategy, capacity, and region. Based on the reactor type, the market is split into pressurized water reactor, boiling water reactor, gas-cooled reactor, and other reactors. As per the strategy segment, the market is bifurcated into immediate dismantling, deferred dismantling, and entombment. Furthermore, based on the capacity, the market is differentiated into up to 800 MW, 801 MW- 1,000 MW, and above 1,000 MW.
Key Question Answered:
•What will be the market size in 2025 and at what rate it will grow?
•Who are the major key players in global nuclear decommissioning market and what are their strategies?
•Which vertical industry is expected to show major growth?
•What segment and region will lead the market and why?
The major companies profiled in the report include: Areva Group, Babcock International Group PLC., Studsvik AB, AECOM, and Westinghouse Electric.
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