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Exclusive Report on Nuclear Decommissioning Market with CAGR of +10% by 2023 includes Innovation, Development Process, Regional Outlook, Growth Opportunities And Top Key player Like Bechtel, GE, CH2M, Magnox, Sellafield, Hitachi, Babcock, AECOM, Areva, We

09-06-2018 11:22 PM CET | Energy & Environment

Press release from: Research N Reports

Exclusive Report on Nuclear Decommissioning Market with CAGR

Nuclear decommissioning is a process, wherein nuclear power plants are retired from service and operating licenses granted by the Nuclear Regulatory Commission (NRC) are terminated. The NRC is a regulatory body that has established regulations and associated guidelines stating the requirements and the process, which a company needs to follow to ensure that the decommissioning is environmentally safe. The decommissioning process aims to reduce the level of residual radioactivity. Companies providing decommissioning services need to take strict measures regarding safety since the area to be decommissioned is under the influence of nuclear radiation. Services provided by companies include dismantling concepts, decommissioning reports, accompanying control, post-operational phase support, and waste package assessment.

“Research N Reports Analyst Predicts The Nuclear Decommissioning Market Expected To Grow at a CAGR of +10% During Forecast Period.”

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Top Key Players Profiled in the report are:
Bechtel, GE, CH2M, Magnox, Sellafield, Hitachi, Babcock, AECOM, Areva, Westinghouse

As demand for electricity production increases, nuclear power plants must generate more electricity with the existing number of pressure vessels in the power plant. This seems to increase the load on the pressure vessels used in the nuclear power plant, which should fuel the reactor. Therefore, nuclear power plants must be disposed of. This is presumed to create growth opportunities in the nuclear dismantling service market during the forecast period. After the Fukushima Nuclear Power Plant accident, the German government took measures to shut down nuclear power plants by 2022. This is expected to activate the nuclear dismantlement market during the forecast period.

Future market demand is expected to be boosted by increased public safety issues resulting from the dangerous consequences of nuclear accidents. In addition, an increase in concerns about sustainability can have a positive impact on market growth. Trends in the transition to renewable energy due to various government initiatives and regulations are expected to promote nuclear disposal services during the forecast period.

As extensive research and development proceeds, a variety of novel disposal technologies have been developed that enable efficient dismantling of nuclear facilities. To enable sustainable development, government authorities also provide various incentives and support systems for the efficient dismantling of nuclear power plants.

Depending on the reactor type, pressurized water reactors (PWRs) accounted for the largest share of the global market in 2017, and this trend is expected to continue during the forecast period. Due to increased demand for PWRs due to ease of operation and stability, the sector can grow strongly from 2017 to 2023.

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Europe has emerged as a leading region as the closure of nuclear facilities has increased in many countries, such as Germany, Britain, France and Lithuania. The existence of strict European government regulations regulating the decommissioning process is expected to stimulate market growth. Technological advances and government support to phase out nuclear power plants are expected to boost North American markets. Countries such as the US, Germany, Japan and Korea are rapidly developing the nuclear disposal service market.

Table of Contents
Global Nuclear Decommissioning Market Research Report.
Chapter 1 Nuclear Decommissioning Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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