Global Nuclear Decommissioning Market 2020 With Top Countries Data: Industry Size, Share, Future Challenges, Revenue, Demand, Industry Growth and Top Players Analysis to 2024
Posted on Nov 27 2020 5:51 AM
"This report presents a comprehensive overview, market shares, and growth opportunities of Nuclear Decommissioning market 2020 by product type, application, key manufacturers and key regions and countries. "Global Nuclear Decommissioning Market size"2020 has covered and analyzed the potential of Worldwide Nuclear Decommissioning Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, opportunities and forecast.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets."
Global “Nuclear Decommissioning Market” Research Report 2020 - 2024 is made to give the market scene and limitless rule about contemporary market size, share, driving variables, patterns, reformist development, and predominant players of the Nuclear Decommissioning market. The report serves in general data available to top makers, wholesalers, merchants, vendors. It will assist them with understanding the item scope, market diagram, market-main thrust, innovative progression, market danger, openings, and examination discoveries.
The Nuclear Decommissioning market is isolated into the item, end-use area, and district. In addition, key organizations are examined dependent on their budgetary viewpoints, their innovative work statuses, just as their development procedures for the coming years, have been featured in the report. Contingent upon the division, the examination record uncovers the item advancement, benefit, cost, market worth, and improvement proportion of each sort.
Nuclear Decommissioning Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). This Nuclear Decommissioning market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts, and Regional Analysis of the Market.
Several stringent regulations were introduced, as a result of decommissioning of several low-performance nuclear reactors. After the Fukushima nuclear power plant accident, governments, across the globe, started reviewing their nuclear power plant status, and they have also reduced the time span for regular reactor inspections. Globally, around 76 nuclear reactors are expected to retire between 2015 and 2019, followed by 183 units in the 2020s and 127 units in the 2030s.
As of September 2017, over 110 commercial power reactors, 48 prototype reactors, over 250 research reactors, and numerous fuel cycle facilities have been taken out of operation, and the number is expected to increase further during the forecast period, 2018 - 2023.
Europe Expected to be one of the Leading Players in Nuclear Decommissioning
Several countries in the European Union (EU) are actively considering retracting nuclear power, due to the benefits of integrating renewable energy generators. After the Fukushima incident, countries, such as Germany and France, have taken drastic measures to phase-out their nuclear power programs. As of 2017, nuclear energy accounted for approximately 75% of the power generation in France. According to World Nuclear Association, about 17% of France's electricity is from recycled nuclear fuel. On the flip side, the nuclear power plants in France, which were initially built for 40 years of lifespan, are aging. France plans to close up to 17 nuclear reactors by 2025, which is in line with the nationâs aim to reduce the dependency on nuclear power by 50%. This is expected to increase the demand for nuclear-decommissioning services in France significantly. Similar growing focus on the usage of renewables and planned phase-out of nuclear energy, by various countries in the European Union, is expected to drive the nuclear decommissioning market in the European region, during the forecast period.
Increasing Decommissioning of Nuclear Power Plants Witnessed in the United States
The United States has 99 nuclear reactors, more than any other country, with 102 gigawatts of electricity generation capacity, which can power about 70 million homes. However, nuclear energy development in the United States has become almost entirely dormant in the past decade, due to the high upfront costs, at least partly created by stringent regulations and licensing requirements as well as competition from other energy sources. The US government is increasingly shifting away from nuclear energy and focusing on other alternative energy sources, primarily natural gas for their power generation needs. As of 2017, a total of 10 commercial nuclear reactors were successfully decommissioned in the United States, and another 20 reactors are currently in different stages of the decommissioning process, which is expected to increase the demand for nuclear-decommissioning services in the country significantly.
South Korea - New Market of Opportunity
South Korea began its nuclear decommissioning program in 2017. Decommissioning of countryâs oldest reactor is undergoing a lengthy and costly process of being dismantled. It has only 17 technologies for nuclear decommissioning, and has not acquired 21 technologies related to decommissioning preparation, dismantling, decontamination, waste disposal, and environmental recovery. The country is looking to ramp up its efforts to develop technologies associated with decommissioning. South Korea is one of the new markets for nuclear decommissioning, and this creates an opportunity for foreign players to provide the necessary expertise the country needs, to phase out its nuclear energy associations.
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Topmost List of Key-players of Nuclear Decommissioning Market 2020:-
● Babcock International Group PLC
● WS Atkins plc
● James Fisher & Sons PLC
● Areva SA (now Orano)
● NorthStar Group Services
● Bechtel Group
● Westinghouse Electric Company LLC
● Studsvik AB
● GE Hitachi Nuclear Energy
The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India.
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
The Global Nuclear Decommissioning market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global Nuclear Decommissioning market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Nuclear Decommissioning Market Size:● Covers the varying market dynamics of the industry.
● In-depth analysis of market risks, opportunities, limitations, and growth of the market.
● Includes market driving and restraining factors.
● Participants profiles along with product description, overview, and business data.
● Include details of five years of forecast analysis by types, regions, and applications.
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Reasons to Purchase this Report● Identify the drivers, restraints, and government rules and regulation supporting the demand for nuclear decommissioning services market
● Analyze the various business perspectives of the market with the help of Porterâs five forces analysis
● Identify the type of nuclear reactors dominating the demand for nuclear decommissioning market
● Identify regions witnessing fastest and most significant growth during the forecast period
● Identify the latest developments, market shares, and strategies employed by the major market players
● 3 months analyst support, along with the Market Estimate sheet (in excel)
Key Developments in the Nuclear Decommissioning Market:
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Finally, the report Global Nuclear Decommissioning Market 2020 describes the Nuclear Decommissioning industry expansion game plan, the Nuclear Decommissioning industry knowledge supply, appendix, analysis findings, and the conclusion.
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