Global Nuclear Power Reactor Decommissioning Market Size, Forecasts, And Opportunities – Includes Nuclear Power Reactor Decommissioning Market Report
Learn about the global nuclear power reactor decommissioning market through The Business Research Company, which provides information on nuclear power reactor decommissioning market size, nuclear power reactor decommissioning market drivers and restraints, nuclear power reactor decommissioning market players, the COVID-19 impact on the nuclear power reactor decommissioning market, and more.
The global nuclear power reactor decommissioning market is expected to grow from $4.90 billion in 2021 to $5.62 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The global nuclear power reactor decommissioning market size is expected to grow to $8.79 billion in 2026 at a CAGR of 11.8%.
The growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward.
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The nuclear power reactor decommissioning market consists of sales of the nuclear power reactor decommissioning solution by entities (organizations, sole traders, and partnerships) that are used to remove the nuclear fuel from the nuclear power station. Nuclear power reactor decommissioning refers to the process of retiring nuclear power reactors from service and terminating the regulatory commission’s operating licenses. It helps in dismantling the plant and restoring the site to an agreed-end-state ready for some form of re-use.
Global Nuclear Power Reactor Decommissioning Market Segments Include:
By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas-cooled Reactor, Liquid Metal Fast Breeder Reactor, Others
By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global nuclear power reactor decommissioning market in 2021.
The implementation of information and technology is the key trend gaining popularity in the nuclear power reactor decommissioning market. Major companies operating in the nuclear power reactor decommissioning sector are focused on using information and technology to reinforce their position.
Major Market Players: Babcock International Group PLC, GE Hitachi Nuclear Services, Fluor Corporation, Westinghouse Electric Company, AECOM, NorthStar Group Services Inc, Studsvik AB, Bechtel Group Inc, James Fisher and Sons PLC, Orano Group, WS Atkins PLC, Enercon Services Inc, Areva S.A., SNC – LAVALIN, and TEPCO.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Nuclear Power Reactor Decommissioning Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides nuclear power reactor decommissioning market overviews, analyzes and forecasts market size, share, nuclear power reactor decommissioning market players, nuclear power reactor decommissioning market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s nuclear power reactor decommissioning market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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