Global Nuclear Decommissioning Market 2023

Global Nuclear Decommissioning Market 2023

Description
The global nuclear decommissioning market is anticipated to increase by USD 4.3 billion till 2029 at an average annual growth of 9.25 percent as per the latest market estimates. The need for nuclear decommissioning arises from various factors, including the aging of nuclear power plants, changes in energy policies, technological advancements, or accidents that render a facility no longer operational. It is a critical step in the lifecycle of a nuclear facility to prevent the release of hazardous materials and ensure long-term environmental protection.

The process of decommissioning typically involves several stages. These include planning and preparation, where detailed assessments and regulatory approvals are obtained, as well as the development of strategies and schedules. The next phase is the actual dismantling and removal of equipment or structures, which requires specialized techniques and equipment to handle radioactive materials safely.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global nuclear decommissioning market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Reactor type: pressurized water reactors (PWR), boiling water reactor (BWR), others
Strategy: immediate dismantling, deferred dismantling, entombment
Capacity: up to 800 MW, 801-1,000 MW, above 1,000 MW
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the reactor type, strategy, capacity, and region. The global market for nuclear decommissioning can be segmented by reactor type: pressurized water reactors (PWR), boiling water reactor (BWR), others. Globally, the pressurized water reactors (PWR) segment made up the largest share of the nuclear decommissioning market. Nuclear decommissioning market is further segmented by strategy: immediate dismantling, deferred dismantling, entombment. The immediate dismantling segment captured the largest share of the market in 2022. Based on capacity, the nuclear decommissioning market is segmented into: up to 800 MW, 801-1,000 MW, above 1,000 MW. According to the research, the up to 800 MW segment had the largest share in the global nuclear decommissioning market. On the basis of region, the nuclear decommissioning market also can be divided into: Asia-Pacific, Europe, North America, RoW (Rest of World). Europe held the largest revenue share in 2022.

Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading nuclear decommissioning market vendors that include AECOM Technology Corporation, Ansaldo Energia S.p.A., Atkins Ltd., ATS Corporation, Babcock International Group plc, Fluor Corporation, Hitachi, Ltd., NuVia, Inc., Studsvik AB, Veolia Environnement SA, Westinghouse Electric Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global nuclear decommissioning market.
To classify and forecast the global nuclear decommissioning market based on reactor type, strategy, capacity, region.
To identify drivers and challenges for the global nuclear decommissioning market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global nuclear decommissioning market.
To identify and analyze the profile of leading players operating in the global nuclear decommissioning market.

Why Choose This Report
Gain a reliable outlook of the global nuclear decommissioning market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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