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The nuclear decommissioning industry is predicted to be worth $4.7 billion by 2022. The nuclear decommissioning industry is expected to grow from $4.6 billion in 2022 to $6.4 billion in 2030, at a CAGR (compound annual growth rate) of 6.10 percent between 2022 and 2030. Public safety concerns about the dangerous effects of nuclear accidents and greater awareness to environmental issues are the key market factors fueling market expansion.
The proliferation of renewable energy sources is a direct response to the rising global need for power. Increasing concerns over ozone depletion and greenhouse gas emissions, which cause warmer temperatures, have led to the widespread adoption of renewable energy sources. Increases in nuclear decommissioning have been observed in nations where nuclear energy is already in use and where alternative methods of energy generation exist that pose less of a threat than nuclear power. When a nuclear facility is decommissioned, it is deconstructed to the point where additional safety precautions can be removed.
As the need for energy grows around the world, new forms of renewable power are being developed. Rising environmental worries about ozone and greenhouse gases, which produce greater temperatures, have led to a penetration of renewable sources into the market for energy generation. In addition, the nuclear decommissioning phase has been prompted in many countries throughout the world due to the presence of nuclear energy and the potential to produce energy from other sources, which would lower the likelihood of any mishaps related to nuclear energy.
In addition, increased environmental consciousness is expected to boost the nuclear power reactor decommissioning market in the coming years. As awareness of environmental issues grows, we use the phrase "environmental sensitivity" to characterise this shift in attitude. During decommissioning, nuclear fuel is removed from a power plant and permission to operate is revoked. Therefore, growing public concern for the environment is helping to fuel the global nuclear power reactor decommissioning industry. This is also contributing to the market's revenue growth.
Nuclear decommissioning market data is broken down into "Immediate," "Deferred," and "Other" categories. It is projected that the Immediate industry will experience the highest rate of growth between 2022 and 2030 (the study's time frame). In Europe, especially in Italy and Germany, the immediate decommissioning sector will lead the charge for the early phase-out of nuclear power stations. This further demonstrates the benefits of nuclear decommissioning for stronger market growth. As the global energy situation continues to deepen, however, more and more nations are realising the importance of nuclear power to their overall energy balance. Due to the reduced amounts of radiation created by delayed dismantling in comparison to other methods, this market segment is expected to increase at a high rate during the projected time.
Decommissioning projects are getting shorter thanks to the knowledge gathered through years of decommissioning programme implementation. Since labour expenses make up such a sizable amount of project costs, cutting down on the total time spent on each project is a surefire way to save money. Recently initiated decommissioning projects for commercial power reactors in the United States of America aim to shorten the main phase of dismantling (excluding activities related to licence termination) to between five and seven years, cutting this phase of activity in half from its current global average duration. Shortening the time it takes to finish a project is attainable by improving communication and coordination between the primary project operations and the dismantling and waste management phases. It is crucial to have effective project management and positive connections between the facility owner and the supply chain. Large-scale projects like Sellafield's often work to establish supply chain partnerships that last for years through multi-year contracts.
Report Coverage
Global Nuclear Decommissioning research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nuclear Decommissioning report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nuclear Decommissioning competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nuclear Decommissioning market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nuclear Decommissioning market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nuclear Decommissioning market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GD Energy ServicesSpain), Enercon Services Inc. (Germany), EDF-CIDEN (U.K.), Nuvia Group (France), EnergySolutions (U.S.), Westinghouse Electric (U.S.), AECOM (U.S.), Studsvik AB (Sweden), Babcock International Group PLC. (U.K.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nuclear Decommissioning market based on the below-mentioned segments:
Global Nuclear Decommissioning Market, By Type
PWR
BWR
GCR
Global Nuclear Decommissioning market, By Strategys
Immediate
Deferred Dismantling
Others
Global Nuclear Decommissioning Market, By Capacity
Up to 800MW
801MW-1000MW
Above 1000MW
Global Nuclear Decommissioning market, Regional Analysis
The proliferation of renewable energy sources is a direct response to the rising global need for power. Increasing concerns over ozone depletion and greenhouse gas emissions, which cause warmer temperatures, have led to the widespread adoption of renewable energy sources. Increases in nuclear decommissioning have been observed in nations where nuclear energy is already in use and where alternative methods of energy generation exist that pose less of a threat than nuclear power. When a nuclear facility is decommissioned, it is deconstructed to the point where additional safety precautions can be removed.
As the need for energy grows around the world, new forms of renewable power are being developed. Rising environmental worries about ozone and greenhouse gases, which produce greater temperatures, have led to a penetration of renewable sources into the market for energy generation. In addition, the nuclear decommissioning phase has been prompted in many countries throughout the world due to the presence of nuclear energy and the potential to produce energy from other sources, which would lower the likelihood of any mishaps related to nuclear energy.
In addition, increased environmental consciousness is expected to boost the nuclear power reactor decommissioning market in the coming years. As awareness of environmental issues grows, we use the phrase "environmental sensitivity" to characterise this shift in attitude. During decommissioning, nuclear fuel is removed from a power plant and permission to operate is revoked. Therefore, growing public concern for the environment is helping to fuel the global nuclear power reactor decommissioning industry. This is also contributing to the market's revenue growth.
Nuclear decommissioning market data is broken down into "Immediate," "Deferred," and "Other" categories. It is projected that the Immediate industry will experience the highest rate of growth between 2022 and 2030 (the study's time frame). In Europe, especially in Italy and Germany, the immediate decommissioning sector will lead the charge for the early phase-out of nuclear power stations. This further demonstrates the benefits of nuclear decommissioning for stronger market growth. As the global energy situation continues to deepen, however, more and more nations are realising the importance of nuclear power to their overall energy balance. Due to the reduced amounts of radiation created by delayed dismantling in comparison to other methods, this market segment is expected to increase at a high rate during the projected time.
Decommissioning projects are getting shorter thanks to the knowledge gathered through years of decommissioning programme implementation. Since labour expenses make up such a sizable amount of project costs, cutting down on the total time spent on each project is a surefire way to save money. Recently initiated decommissioning projects for commercial power reactors in the United States of America aim to shorten the main phase of dismantling (excluding activities related to licence termination) to between five and seven years, cutting this phase of activity in half from its current global average duration. Shortening the time it takes to finish a project is attainable by improving communication and coordination between the primary project operations and the dismantling and waste management phases. It is crucial to have effective project management and positive connections between the facility owner and the supply chain. Large-scale projects like Sellafield's often work to establish supply chain partnerships that last for years through multi-year contracts.
Report Coverage
Global Nuclear Decommissioning research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nuclear Decommissioning report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nuclear Decommissioning competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nuclear Decommissioning market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | GD Energy ServicesSpain), Enercon Services Inc. (Germany), EDF-CIDEN (U.K.), Nuvia Group (France), EnergySolutions (U.S.), Westinghouse Electric (U.S.), AECOM (U.S.), Studsvik AB (Sweden), Babcock International Group PLC. (U.K.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Nuclear Decommissioning Market from 2021 to 2030.
- Market Forecast for Nuclear Decommissioning Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Nuclear Decommissioning competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Nuclear Decommissioning
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nuclear Decommissioning market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nuclear Decommissioning market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GD Energy ServicesSpain), Enercon Services Inc. (Germany), EDF-CIDEN (U.K.), Nuvia Group (France), EnergySolutions (U.S.), Westinghouse Electric (U.S.), AECOM (U.S.), Studsvik AB (Sweden), Babcock International Group PLC. (U.K.)
Primary Target Market
- Market Players of Nuclear Decommissioning
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nuclear Decommissioning market based on the below-mentioned segments:
Global Nuclear Decommissioning Market, By Type
PWR
BWR
GCR
Global Nuclear Decommissioning market, By Strategys
Immediate
Deferred Dismantling
Others
Global Nuclear Decommissioning Market, By Capacity
Up to 800MW
801MW-1000MW
Above 1000MW
Global Nuclear Decommissioning market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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