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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Nuclear decommissioning refers to an administrative and technical procedure wherein the progressive demolition of nuclear facilities is executed to the point that it no longer requires radiation protection measures. It involves cleanup of radioactive substances, followed by dismantling of contaminated materials from the plants and safer shipping of hazardous components as some of the standard methods. Nuclear decommissioning aids in eliminating radiological risks and minimizing nuclear energy mishappenings. Consequently, the process is extensively implemented in commercial nuclear power facilities post intensive planning, characterization of radioactive elements, and release of nuclear facilities. Currently, it is categorized into immediate, safe enclosure and entombment nuclear decommissioning service types.
One of the key factors driving the nuclear decommissioning market is the growing number of nuclear power-generation plants reaching their end lifecycles. This is further supported by the increasing concerns about public safety owing to the hazardous effects of nuclear accidents. Moreover, escalating environmental concerns have prompted the uptake of renewable power generation sources, such as wind and solar, which has further supplemented the usage of nuclear decommissioning to inhibit the pollution and soil erosion caused by radioactive particles. Additionally, the emergence of various organizations providing multiple nuclear-decommissioning services, such as dismantling, concepts, post-operational phase, waste package assessment, accompanying support, and decommissioning reports, is contributing to the market growth. Besides this, the establishment of steel recycling units that utilize radioactive materials to dismantle steel components is propelling the market growth. Other factors, such as rapid industrialization, growing instances of nuclear accidents, and ongoing investments in research and development (R&D) activities to introduce novel technologies are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global nuclear decommissioning market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on reactor type, strategy and capacity.
Breakup by Reactor Type:
Breakup by Strategy:
Breakup by Capacity:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aecom, Babcock International Group PLC, Bechtel Corporation, Électricité de France S.A, EnergySolutions, General Electric Company, James Fisher and Sons plc, Northstar Group Services Inc., Ontario Power Generation Inc., Orano SA, Studsvik AB and Westinghouse Electric Company LLC.
|Base Year of the Analysis||2021|
|Segment Coverage||Reactor Type, Strategy, Capacity, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Aecom, Babcock International Group PLC, Bechtel Corporation, Électricité de France S.A, EnergySolutions, General Electric Company, James Fisher and Sons plc, Northstar Group Services Inc., Ontario Power Generation Inc., Orano SA, Studsvik AB and Westinghouse Electric Company LLC.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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