The nuclear power reactor decommissioning global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nuclear Power Reactor Decommissioning Market, 2024 report by The Business
Research Company offers comprehensive insights into the current state of the
market and highlights future growth opportunities.
Market Size -
The nuclear power reactor decommissioning market size has grown rapidly in
recent years. It will grow from $6.39 billion in 2023 to $7.2 billion in 2024
at a compound annual growth rate (CAGR) of 12.6%. The
growth in the historic period can be attributed to aging infrastructure,
regulatory landscape, public perception.
The nuclear power reactor decommissioning market size is expected to see rapid
growth in the next few years. It will grow to $11.29 billion in 2028 at a
compound annual growth rate (CAGR) of 11.9%.
The growth in the forecast period can be attributed to global energy
transition, economic factors, government policies, safety and security
concerns. Major trends in the forecast period include technological innovation,
rise of robotics and automation, collaboration and partnerships, focus on waste
management.
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Scope Of Nuclear Power Reactor Decommissioning Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The growing sensitivity towards environmental issues is expected to propel the
growth of the nuclear power reactor decommissioning market going forward.
Environmental sensitivity refers to the growing awareness of environmental
issues. Nuclear power plants (NPPs) are used to produce carbon-free electricity
due to their superior reliability, enormous clean-air compliance value, and
large capacity for power generation. Decommissioning is the process of removing
nuclear fuel from a nuclear power plant and assisting in the termination of
operating licenses. For instance, according to the Government of Canada, in
October 2021, the Canadian government is working to develop resources and
improve environmental quality, with the objective of reducing carbon emissions
by 30% by 2030 and reaching net-zero emissions by 2050. Moreover, in May 2021,
the United Kingdom announced £166.5 million ($206.61 million) in financing to
support the development of green technology that would reduce carbon emissions.
Therefore, growing sensitivity towards environmental issues is driving the
growth of the nuclear power reactor decommissioning market.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The nuclear power reactor decommissioning market covered in this report is segmented
–
1) By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor,
Boiling Water Reactor, High-temperature Gas-cooled Reactor, Liquid Metal Fast
Breeder Reactor, Other Reactor Types
2) By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
3) By Application: Commercial Power Reactor, Prototype Power Reactor, Research
Reactor
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Regional Insights -
Europe was the largest region in the nuclear power reactor decommissioning
market in 2023. North America is expected to be the fastest-growing region in
the nuclear power reactor decommissioning market share during the forecast
period. The regions covered in the nuclear power reactor decommissioning market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa
Key Companies -
Major companies operating in the nuclear power reactor decommissioning market
report are Babcock International Group PLC, GE Hitachi Nuclear Energy LLC,
Fluor Corporation, Westinghouse Electric Company, AECOM Technology Corporation,
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 Infrastructure Pvt. Ltd., Tokyo Electric Power Company Holdings
Incorporated, Nuvia Group Ltd., Jacobs Engineering Group Inc., NAC
International Inc., Nukem Technologies GmbH, Global Dominion Access S. A.,
Holtec International Inc., EnergySolutions LLC, Deep Isolation Inc., Waste
Control Specialists LLC, Empresa Nacional de Residuos Radiactivos S. A.,
Ansaldo Nucleare S. p. A, Rosatom State Nuclear Energy Corporation, Sellafield
Ltd., GNS Gesellschaft für Nuklear-Service mbH, Sogin S. p. A.
Table of Contents
1. Executive Summary
2. Nuclear Power Reactor Decommissioning Market Report Structure
3. Nuclear Power Reactor Decommissioning Market Trends And Strategies
4. Nuclear Power Reactor Decommissioning Market – Macro Economic Scenario
5. Nuclear Power Reactor Decommissioning Market Size And Growth
…..
27. Nuclear Power Reactor Decommissioning Market Competitor Landscape And
Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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