Global Nuclear Decommissioning Market worth US$ 27.8Bn in 2020 with a CAGR of 13.20%

The report " Global Nuclear Decommissioning Market, By Reactor Type (Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, Fast Breeder Reactor, and Other Reactors), By Capacity (Below 100 MW, 100 - 1000 MW, and Above 1000 MW), By Application (Commercial Power Reactor, Prototype Power Reactor, and Research Reactor), and Region - Global Forecast to 2030". Global nuclear-decommissioning market is projected to grow up to the US $27.86Bn in 2020. The nuclear reactor reaching operational retirement is the driving factor for the growth of the global market. For instance, in 2016, four nuclear power reactors achieved grid connection of capacity with a total capacity of 3373 MW (e) and five units were permanently shut down of capacity 3025 MW (e). Additionally, nuclear energy is the renewable source of energy making nuclear uneconomical which is another propelling factor for the growth of the target market. For instance, the government of South Korea has been promising to stop develop more renewables and to stop nuclear expansions.

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Key Highlights:

In 2017, Babcock International Group PLC secured a 10 years contract to provide nuclear- decommissioning services for Sellafield's site in the United Kingdom

Key Market Insights from the report:

The global nuclear decommissioning market accounted for US $27.86Bn in 2020 and is projected to register a moderate CAGR of 13.20% over the forecast period. The market report has been segmented based on treatment type and region.

By reactor type, the target market is segmented into pressurized water reactor, pressurized heavy water reactor, boiling water reactor, gas-cooled reactor, fast breeder reactor, and other reactors
By capacity, the global market is classified below 100 MW, 100 - 1000 MW, and above 1000 MW
By region, the market in North America region is the dominating region in the nuclear decommissioning market because the United States is the world's largest nuclear power producer, and more than 30% of worldwide nuclear generation of electricity. For instance, in 2017, in the United States, the 99 nuclear reactors were operating commercially in the nuclear power plant.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Nuclear Decommissioning Market, By Reactor Type (Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, Fast Breeder Reactor, and Other Reactors), By Capacity (Below 100 MW, 100 - 1000 MW, and Above 1000 MW), By Application (Commercial Power Reactor, Prototype Power Reactor, and Research Reactor), and by Region - global forecast till 2030

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The prominent player operating in the global nuclear decommissioning market includes Babcock International Group PLC, James Fisher & Sons PLC, North Star Group Services, Inc., Fluor Corporation, GE Hitachi Nuclear Services, Studsvik AB, WS Atkins Plc, Enercon Services, Inc., AECOM, and Bechtel Group, Inc.

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Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

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