Dublin, Aug. 14, 2023 (GLOBE NEWSWIRE) -- The "Nuclear Decommissioning Services: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Nuclear Decommissioning Services Market to Reach $9.6 Billion by 2030
The global market for Nuclear Decommissioning Services estimated at US$5.9 Billion in the year 2022, is projected to reach a revised size of US$9.6 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030.
Upto 800 MW, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$6.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 801 MW & Above segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
By examining historical sales data from 2014 to 2021 and forecasting trends from 2022 to 2030, the report outlines the evolving market landscape.
The analysis is segmented into different power capacity categories, addressing various decommissioning methods including Immediate Dismantling, Deferred Dismantling, and Entombment. Each segment's annual sales figures, percentage breakdowns, and growth trends are meticulously analyzed to provide a clear picture of the market dynamics. The report also presents a 16-year perspective (2014, 2023, and 2030) to highlight the trajectory of value sales across different regions, offering insights into market evolution and trends over time.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 5.9% CAGR
The Nuclear Decommissioning Services market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers.
Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 320 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.9 Billion |
| Forecasted Market Value (USD) by 2030 | $9.6 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Impact on Nuclear Decommissioning Services Market
- The EU Recovery Fund Links with Multiannual Financial Framework to Add for Total Financial Package during COVID-19
- Delay in Commissioning & Decommissioning Proceedings for Nuclear Facilities Entails Severe Disruptions for Nuclear Power Value Chain
- Impact on Mines, Construction & Regulations
- Nuclear Power: Reliable and Sustainable Electricity Source with Minimal Carbon Emissions
- Global Nuclear Power Industry: Fast Facts
- Myriad Benefits of Nuclear Power over Coal, Oil, and Gas to Drive the Vision of the "Plutonium Economy"
- Largest Nuclear Power Plants Worldwide by Gross Capacity (MWs)
- Largest Nuclear Power Plants Worldwide by Gross Electricity Generation (Billion Kilowatt Hours)
- Operational and Under Construction Nuclear Power Reactors Worldwide by Country
- Global Nuclear Reactors under Construction by Country, Net Electrical Power, and Reactor Type
- Nuclear Decommissioning: Dismantling Nuclear Facilities for Radiological Safety
- Need for Nuclear Decommissioning
- Nuclear Decommissioning Options
- Recycling & Reuse of Facility Materials
- Major International Organizations for Decommissioning
- Retirement of Numerous Nuclear Power Plants Presents Lucrative Opportunities for Nuclear Decommissioning Services Market
- High Capital Intensiveness of Nuclear Power Plants
- Nuclear Decommissioning Service Market: Key Growth Drivers & Restraints
- Pressurized Water Reactors Occupy Commanding Share of Nuclear Decommissioning Service Market
- Global Operational Nuclear Reactors by Type and Electrical Power: Percentage Breakdown of Number of Reactors and Net Electrical Power (GW) for PWR, BWR, PHWR, LWGR, GCR, and FBR
- Brief Review of Decommissioning of US and European Reactors
- Immediate Dismantling: Dominating Service Type in Nuclear Decommissioning Market
- World Nuclear Decommissioning Services Market by Service (2020 & 2027): Percentage Breakdown of Revenues for Immediate Dismantling, Deferred Dismantling, and Entombment
- Europe and United States Prime for Growth of Nuclear Decommissioning Service Market
- World Nuclear Decommissioning Services Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
- World Nuclear Decommissioning Services Market - Geographic Regions Ranked by Value CAGR for 2020-2027: USA, Europe, China, Asia-Pacific, Canada, Japan, and Rest of World
- Competitive Scenario
- Encouraging Developments
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Accidents and Political Pressures Put Focus on Pre-Closures of Nuclear Plants
- Aging Nuclear Power Plants Increase Demand
- Prohibitive Cost & Environmental Issues Associated with Nuclear Fuel Disposal Encourage Decommissioning
- With Several Governments Planning Decommissioning of Projects, Market is Poised for Growth
- Robotic & Automation Technologies in Decommissioning
- French CEA Develops MAESTRO
- Cavendish Nuclear, OC Robotics, and Babcock International Develop Robotic Technology to Decommission Reprocessing Plants in Sellafield
- Climatic Changes Impact Nuclear Power Plants, Forcing Authorities to Mull Decommissioning in Sensitive Sites
- Unprecedented Rise of Renewable Energy Set to Accelerate Nuclear Decommissioning
- Wind and Solar Expansion Lead to Renewable Power Revolution
- Rising Concerns about Economic Viability of Nuclear Plants Extends Potential Opportunities
- Collaborative Efforts to Attain Net Zero Targets Sustain Prospects of Nuclear Power, Curtail Decommissioning Needs
- Nuclear Power's Image as a Safe Energy Source despite Controversies
- Latest Developments Brighten Prospects for Commercialization of Advanced Nuclear Reactors
- Lifetime Extension & Updating of Existing Facilities Reduce Market Opportunities
FOCUS ON SELECT PLAYERS (Total 38 Featured)
- AECOM
- Ansaldo Nuclear Ltd.
- Babcock International Group plc
- EDF-Ciden
- Enercon Services Inc.
- EnergySolutions
- GD Energy Services (GDES)
- Jadrova a vyradovacia spolocnost, a.s
- KDC Contractors Limited
- Nuvia Group
- Onet Technologies SAS
- Orano SA
- ROSATOM
- SOGIN S.p.A.
- Studsvik AB
- Westinghouse Electric Company LLC
For more information about this report visit https://www.researchandmarkets.com/r/kem73f
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