Nuclear Decommissioning Services Market, By Reactor Type (Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Gas Cooled Reactor (GCR), and Others (Pressurized Heavy Water Reactor (PHWR), etc.)), By Decommissioning Strategy (Immediate Dismantling, Deferred Dismantling, and Entombment), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Aging nuclear power plants is expected to propel growth of the global nuclear decommissioning services market. Several existing nuclear power plants are expected to inevitably close down over the next two decades, as plants are nearing the end of their operational lifespans. Bulk of worldwide retirements are owing to aging fields i.e. the oldest fleet, particularly by the U.S. followed by the European Union (led by France, Germany, and the U.K.), Japan, and Russia. Rate of retirement, i.e. end of life of nuclear power plants is projected in the first half of the 2020s, as reactors built in 1970s are taken off-line, and then again in the 2030s, particularly if life extensions in the U.S. are not re-extended for another 20 years.
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