Global Nuclear Decommissioning Services Market to Reach $26.54 Billion by 2032.by Keyplayers and Vendors:Babcock International Group PLC, Enercon Services Inc., Fluor Corporation, James Fisher & Sons PLC, WS Atkins PLC, NorthStar Group Services Inc., AECO

Global Nuclear Decommissioning Services Market to Reach $26.54 Billion by 2032.
The global nuclear decommissioning services market size was valued at USD 7.35 billion in 2021 and is projected to register a CAGR of 5.1% during the forecast period. The worldwide shutdown of older nuclear reactors owing to aging and the transitioning trend toward renewable sources of energy due to minimal environmental impact is likely to be the major forces driving the growth of the market in the coming years. Due to the Covid-19, the nuclear sector faced a few challenges such as unavailability of the workers, restrictions on the number of on-site workers, and disruption in supply chains. Travel restrictions and government guidelines had an adverse impact on the progress of some nuclear decommissioning projects, owing to the limited availability of staff and experts. The end dates of project completion faced the risk of extension.

Pivotal players studied in the Nuclear Power Reactor Decommissioning Services report:

Babcock International Group PLC, Enercon Services Inc., Fluor Corporation, James Fisher & Sons PLC, WS Atkins PLC, NorthStar Group Services Inc., AECOM, Studsvik AB, GE Hitachi Nuclear Services, Areva S.A., Bechtel Group Inc., Westinghouse Electric Company

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Regional Insights
Europe accounted for the largest share of 47.0% in the nuclear decommissioning services market in 2021. It is also likely to be the second-fastest-growing region after North America, with a CAGR of 5.3% during the forecast period. It was valued at USD 2.84 billion in 2021 and is anticipated to be valued at USD 4.49 billion by 2030.

The market in North America was valued at USD 1.78 billion in 2021 and the region is anticipated to register the fastest growth of 5.5% during the forecast period. The U.S., which is a major market in the region, is likely to witness the shutdown of several reactors by 2025. The rise of nuclear decommissioning services in Japan and other Asian countries is likely to spur the market in Asia-Pacific during the forecast period.

Key Companies & Market Share Insights
In June 2019, AECOM signed an alliance agreement with Japan-based Toshiba Corporation, a multinational conglomerate, to work on nuclear reactor decommissioning in Japan. It aims to offer decommissioning services for nuclear reactors and facilities of Japanese government organizations and commercial power utilities with this partnership.

Providers of nuclear decommissioning services continue to focus on innovation and technological advancements in dismantling techniques to deliver enhanced performance. Such developments, coupled with competitive pricing, are likely to assist them in increasing their market share during the forecast period. Companies are investing profoundly in research and development to overcome barriers faced while decommissioning nuclear facilities.

In April 2022, Westinghouse Electric Company LLC announced the signing of an agreement for the acquisition of U.S.-based BHI Energy, a company providing services in power generation and delivery. Westinghouse Electric Company LLC aims to expand its expertise and capabilities in nuclear plant modification and maintenance, and other such services with this acquisition. Some of the prominent players in the global nuclear decommissioning services market include:

Orano Group

Babcock International Group PLC

Westinghouse Electric Company LLC

AECOM

Studsvik AB

Bechtel Corporation

Magnox Ltd.

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Product types uploaded in the Nuclear Power Reactor Decommissioning Services are:

Pressurized Water Reactor Decommissioning, Boiling Water Reactor Decommissioning, Others

Key applications of this report are:

For Commercial Power Reactor, For Prototype Power Reactor and Research Reactor

Geographic region of the Nuclear Power Reactor Decommissioning Services includes:

North America Nuclear Power Reactor Decommissioning Services(United States, North American country and Mexico),
Europe Market(Germany, Plastic Additive France Market, UK, Russia and Italy),
Asia-Pacific market (China, Plastic Additive Japan and Korea market, Asian nation and Southeast Asia),
South America Plastic Additive Regions inludes(Brazil, Argentina, Republic of Colombia etc.),
Plastic Additive Africa (Saudi Arabian Peninsula, UAE, Egypt, Nigeria and South Africa)

The Plastic Additive report provides the past, present and future Plastic Additive industry Size, trends and the forecast information related to the expected Plastic Additive sales revenue, growth, Plastic Additive demand and supply scenario. Furthermore, the opportunities and the threats to the development of Nuclear Power Reactor Decommissioning Services forecast period from 2022 to 2029.

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Immediate Dismantling Segment to Reach $3.4 Billion by 2026

Immediate dismantling represents the leading service type segment that is gaining from closure of increasing number of nuclear power units globally, most notably in Europe. The service involves commencement of dismantling after end of plant operations. Final decommissioning or dismantling activity usually begins within a few years or months. The service allows removal of nuclear power units from the regulatory control after termination or shutdown of regulated activity, making the site available for reuse. In addition, immediate dismantling allows optimal use of residual life of structures and equipment of the unit, while reducing maintenance costs and allowing use of available radioactive waste management plants. Buoyed by early dismantling of nuclear power-generating units in Europe, particularly in Italy and Germany, the service type is estimated to claim the leading share of the global market over the coming years. In the global Immediate Dismantling segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion will reach a projected size of US$3.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$169.5 Million by the year 2026.

Further, the Plastic Additive report gives information on the company profile, market share and contact details along with value chain analysis of Plastic Additive industry, Plastic Additive industry rules and methodologies, circumstances driving the growth of the Nuclear Power Reactor Decommissioning Services and compulsion blocking the growth. Nuclear Power Reactor Decommissioning Services development scope and various business strategies are also mentioned in this report.

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