Dublin, Oct. 24, 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 6.7% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the 801 MW & Above segment is estimated at 5.6% CAGR for the next 8-year period.
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.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- 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
- Change in Power Output for Q2, 2020 (in %) by Select Region - USA, EU, China, and Rest of World
- 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
- World Nuclear Decommissioning Services Market by Capacity (2020): Percentage Breakdown of Revenues for Upto 800 MW, and 801 MW & Above
- 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
- Nuclear Decommissioning Services - Global Key Competitors Percentage Market Share in 2022 (E)
- 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)
- Toshiba Corporation
- Babcock International Group PLC
- SNC-Lavalin Group, Inc.
- Jacobs Engineering Group Inc.
- Korea Hydro & Nuclear Power Co., Ltd.
- Toshiba Energy Systems & Solutions Corporation
- Bechtel Corporation
- PreussenElektra GmbH
For more information about this report visit https://www.researchandmarkets.com/r/hzov5m
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