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.
Nuclear Power Reactor Decommissioning Market Overview
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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