HOME Press Releases Nuclear Decommissioning Services Market worth 8.55 Billion USD by 2021



Nuclear Decommissioning Services Market worth 8.55 Billion USD by 2021


The report "Nuclear Decommissioning Services Market by Reactor Type (PWR, BWR, & GCR), Strategy (Immediate Dismantling, Deferred Dismantling, and Entombment), Capacity (Up to 800 MW, 801 MW-1,000 MW, and Above 1,000 MW), and Region - Global Forecast to 2021", The nuclear decommissioning services market is projected to grow from an estimated USD 4.84 Billion in 2016 to USD 8.55 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. Factors such as nuclear accidents and rising political pressure for pre-closure of nuclear power plants are driving the market.

                                     Request Sample                                      Request Sample

Browse 65 market data Tables and 41 Figures spread through 134 Pages and in-depth TOC on "Nuclear Decommissioning Services Market by Reactor Type (PWR, BWR, & GCR), Strategy (Immediate Dismantling, Deferred Dismantling, and Entombment), Capacity (Up to 800 MW, 801 MW-1,000 MW, and Above 1,000 MW), and Region - Global Forecast to 2021"
http://www.marketsandmarkets.com/Market-Reports/nuclear-decommissioning-service-market-86234662.html
Early buyers will receive 10% customization on reports.

Deferred Dismantling Strategy the fastest growing segment of nuclear decommissioning services

The deferred dismantling segment is expected to grow at the highest CAGR during the forecast period. Following the Fukushima nuclear power plant (Japan) accident, the German government is committed to phase out its nuclear power plants by 2022. Further, the European Union is focusing on developing renewable sources of power generation, and hence, majority of the nuclear power plants in Europe are adopting deferred dismantling strategy for the decommissioning process.

Boiling Water Reactor (BWR) the largest segment in the nuclear decommissioning services market

The BWR reactor segment occupied the largest market share in the nuclear decommissioning services market in 2015. This can be attributed to increase in the number of projects undergoing decommissioning, due to stringent government regulations to phase out nuclear reactors by 2022. Majority of the nuclear power plants in the European region operate on BWRs.

Europe to dominate the market

In this report, the nuclear decommissioning services market has been analyzed with respect to three regions, namely, Europe, North America, and Asia-Pacific. Europe is estimated to dominate the market, owing to factors such as government commitment and stringent regulations to phase out nuclear power plants. In addition, majority of the nuclear plants in the North American region are very old and nearing the phase of decommissioning, creating huge opportunities for nuclear decommissioning services market in the region.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the nuclear decommissioning services market including Areva Group (France), Babcock International Group PLC. (U.K.), Studsvik AB (Sweden), AECOM (U.S.), and Westinghouse Electric (U.S.), among others. These players are trying to penetrate developing economies and are adopting various methods to increase their market share.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports