The global nuclear decommissioning market to grow at a CAGR over 2% during the forecast period. Fatal accidents such as the Chernobyl and Fukushima incidents have propelled the growth of this market.
Pune, India -- (SBWIRE) -- 09/29/2016 -- The Global Nuclear Decommissioning Market to grow at a CAGR over 2% during the period 2016-2020. The Nuclear Decommissioning market report covers the present scenario and the growth prospects of the Nuclear Decommissioning for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors.
EMEA accounted for over 60% of the market share based on installed capacity during 2015 and is expected to grow at a CAGR of 7% during the forecast period. The shift in power generation pattern owing to past nuclear accidents such as the Chernobyl disaster in Russia and the Fukushima nuclear disaster in Japan has created a negative impact on the European nuclear industry, thereby driving the market growth for nuclear decommissioning in this region.
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The report provides a basic overview of the Nuclear Decommissioning including definitions, classifications, applications and market Sales chain structure. The Nuclear Decommissioning report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
Nuclear Decommissioning Market Opportunities:
Fatal accidents such as the Chernobyl and Fukushima incidents have propelled the growth of this market. This has resulted in an increase in the decommissioning of nuclear plants across the globe. For instance, during 2011, Germany decided to phase out all its operating nuclear plants from its power mix by the end of 2022, which in turn augments the market growth.
The difficulty in disposal of radioactive nuclear waste is another factor driving this market's growth. For instance, nearly 27 tons of nuclear waste is generated from a 1,000-MW nuclear reactor every year. This radioactive waste generates a large amount of heat and takes a long period to decay. Improper disposal of these waste products could result in serious environmental contamination. With the increase in such complexities, the demand for nuclear decommissioning is expected to grow in the coming years. Germany, the US, the UK, and Slovenia are members of the NEA (Nuclear Energy Agency), which is an agency focusing on advanced technology for safe decommissioning.
End-user segmentation and analysis of the nuclear decommissioning market
- Pressurized water reactor (PWR)
- Pressurized heavy water reactor (PWHR)
- Boiling water reactor (BWR)
The PWR segment dominated the nuclear decommissioning market during 2015and this reactor type is the highest in number globally. The phase-out of nuclear power generation has resulted in an increased number of shutdowns. As of 2015, seven PWR nuclear reactors have gone offline with an installed capacity of 8,469 MW. With decreased government support and public opposition, the demand for nuclear decommissioning is expected to increase.
Medium-sized and large suppliers dominate the global nuclear decommissioning market. The market in EMEA and the Americas is dominated by large and established players. APAC is not expected to see much growth in decommissioning technologies due to the lack of government initiatives in the region.
The leading vendors in the market are -
Other prominent vendors
-Nuclear Decommissioning Services
The Nuclear Decommissioning is divided into the following segments based on geography:
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In the end, the report makes some important proposals for a new project of Nuclear Decommissioning Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Nuclear Decommissioning industry covering all important parameters.
Key questions answered in this Nuclear Decommissioning report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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