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Nuclear Decommissioning Market Size, Share | Forecast 2022-27

Market Overview 2022-2027:

The latest research study “Nuclear Decommissioning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global nuclear decommissioning market size reached US$ 6.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.57 Billion by 2027, exhibiting a CAGR of 5.50% during 2022-2027.

Industry Definition and Application:

Nuclear decommissioning is an administrative and technical procedure wherein the refined demolition of atomic facilities is performed to the point that it no longer requires radiation protection. It involves the cleanup of radioactive substances, safer shipping of hazardous components, and disassembling contaminated materials from the plants as some of the standard techniques. Nuclear decommissioning is categorized into various types, such as immediate, safe enclosure, and entombment services. It aids in eradicating radiological risks and minimizing energy mishappenings. As a result, nuclear decommissioning finds widespread applications in commercial power facilities post-intensive planning and characterization of radioactive elements.

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Market Trends:

The escalating number of atomic power-generation plants reaching their end lifecycles and the rising concerns towards public safety, on account of the hazardous effects of radiation accidents, are primarily driving the nuclear decommissioning market. Besides this, the development of steel recycling units that utilize radioactive materials to disassemble components is further augmenting the market growth.

Moreover, the growing popularity of several nuclear decommissioning services, including post-operational phase, waste package assessment, dismantling concepts, accompanying support, etc., is also catalyzing the global market. Apart from this, the increasing industrialization levels, extensive research and development (R&D) activities for the development of novel technologies, and the elevating instances of chemical-related mishappenings are acting as significant growth-inducing factors.

Furthermore, the emerging trend of renewable power sources, such as wind and solar, owing to the impelling environmental awareness among the masses, is anticipated to propel the nuclear decommissioning market over the forecasted period.

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Key Market Segmentation:

The report has been segmented the market into following categories:

Breakup by Reactor Type:

  • Pressurized Water Reactor (PWR)

  • Boiling Water Reactor (BWR)

  • Gas Cooled Reactor (GCR)

  • Others

Breakup by Strategy:

  • Deferred Dismantling

  • Entombment

  • Immediate Dismantling

Breakup by Capacity:

  • Upto 800 MW

  • 801 MW-1000 MW

  • Above 1000 MW

Breakup by Geography:

  • North America:( United States, Canada)

  • Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America: (Brazil, Mexico, Others)

  • Middle East and Africa

Competitive Landscape with Key Player:

  • Aecom

  • James Fisher and Sons plc

  • Northstar Group Services Inc.

  • Ontario Power Generation Inc.

  • Babcock International Group PLC

  • Bechtel Corporation

  • Électricité de France S.A

  • EnergySolutions

  • General Electric Company

  • Orano SA

  • Studsvik AB

  • Westinghouse Electric Company LLC.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:

Company Name: IMARC Group

Contact Person: Elena Anderson

Phone: +1-631-791-1145

Address: 30 N Gould St Ste R

City: Sheridan

State: WY

Country: United States

Website: https://www.imarcgroup.com

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