Nuclear Power Reactor Decommissioning Market Size, Share, Growth, Trends And Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Nuclear Power Reactor Decommissioning Global Market Report 2023 identifies The growing sensitivity towards environmental issues as the major driver for the nuclear power reactor decommissioning market's growth in the forecast period. Environmental sensitivity refers to the growing awareness of environmental issues. Nuclear power plants (NPPs) are used to produce carbon-free electricity due to their superior reliability, enormous clean-air compliance value, and large capacity for power generation. Decommissioning is the process of removing nuclear fuel from a nuclear power plant and assisting in the termination of operating licenses.

The global nuclear power reactor decommissioning market size grew from $5.69 billion in 2022 to $6.48 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nuclear power reactor decommissioning market size is expected to grow to $10.05 billion in 2027 at a CAGR of 11.6%.

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Major competitors in the nuclear power reactor decommissioning market are Babcock International Group PLC, GE Hitachi Nuclear Services, Fluor Corporation, Westinghouse Electric Company, AECOM, NorthStar Group Services Inc., Studsvik AB, Bechtel Group Inc., James Fisher and Sons PLC, Orano Group, WS Atkins PLC, Enercon Services Inc., Areva S.A., SNC - LAVALIN, and TEPCO.

A key trend in the nuclear power reactor decommissioning market includes the implementation of information and technology. Major companies operating in the nuclear power reactor decommissioning sector are focused on using information and technology to reinforce their position. For instance, in February 2020, VTT Technical Research Centre, a Finland-based research and technology company, launched the dECOmm project, which helps to decommission nuclear power plants. This project is using information technology in decommissioning to make the process easier and faster. The dECOmm project is an eco-friendly project that emits less carbon while decommissioning nuclear power plants.

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The nuclear power reactor decommissioning market is segmented -
•By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas-cooled Reactor, Liquid Metal Fast Breeder Reactor, Other Reactor Types
•By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
•By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the nuclear power reactor decommissioning market.

The Business Research Company's "Global Nuclear Power Reactor Decommissioning Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Nuclear Power Reactor Decommissioning Market Include:
1. Executive Summary
2. Nuclear Power Reactor Decommissioning Market Characteristics
3. Nuclear Power Reactor Decommissioning Market Trends And Strategies
4. Nuclear Power Reactor Decommissioning Market - Macro Economic Scenario
5. Nuclear Power Reactor Decommissioning Market Size And Growth
……
26. Africa Nuclear Power Reactor Decommissioning Market
27. Nuclear Power Reactor Decommissioning Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nuclear Power Reactor Decommissioning Market
29. Nuclear Power Reactor Decommissioning Market Future Outlook and Potential Analysis
30. Appendix

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