Nuclear Power Reactor Decommissioning Market Upcoming Trends, Analysis and Demand With Forecast Overview to 2033

The new report published by The Business Research Company, titled "Nuclear Power Reactor Decommissioning Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the nuclear power reactor decommissioning market size has grown rapidly in recent years. It will grow from $6.39 billion in 2023 to $7.2 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The nuclear power reactor decommissioning market size is expected to see rapid growth in the next few years. It will grow to $11.29 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.

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Environmental Concerns Fueling Growth In Nuclear Power Reactor Decommissioning Market
The growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward. 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. For instance, according to the Government of Canada, in October 2021, the Canadian government is working to develop resources and improve environmental quality, with the objective of reducing carbon emissions by 30% by 2030 and reaching net-zero emissions by 2050. Moreover, in May 2021, the United Kingdom announced £166.5 million ($206.61 million) in financing to support the development of green technology that would reduce carbon emissions. Therefore, growing sensitivity towards environmental issues is driving the growth of the nuclear power reactor decommissioning market.

Competitive Advantage Through New Nuclear Facilities In The Decommissioning Market
Major companies operating in the nuclear power reactor decommissioning market are increasing their focus on introducing new nuclear facilities to gain a competitive edge in the market. Nuclear facilities refer to modern infrastructure and installations designed for the generation of nuclear energy. For instance, in April 2023, according to the International Atomic Energy Agency (IAEA), an Austria-based intergovernmental organization, the United Arab Emirates (UAE) recently launched its first nuclear power plant, the Barakah nuclear power plant, which is expected to provide up to 25% of the country's electricity when it becomes fully operational in the coming years. The plant is the first in the UAE and the Arab world and is part of the country's efforts to diversify its energy mix and reduce its carbon emissions. The Barakah nuclear power plant has four reactors with a total capacity of 5,600 MW, equivalent to around 25% of the UAE's peak demand.

The nuclear power reactor decommissioning market covered in this report is segmented -

1) 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
2) By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
3) By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor

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Major companies operating in the nuclear power reactor decommissioning market report are Babcock International Group PLC, GE Hitachi Nuclear Energy LLC, Fluor Corporation, Westinghouse Electric Company, AECOM Technology Corporation, 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 Infrastructure Pvt. Ltd., Tokyo Electric Power Company Holdings Incorporated, Nuvia Group Ltd., Jacobs Engineering Group Inc., NAC International Inc., Nukem Technologies GmbH, Global Dominion Access S. A., Holtec International Inc., EnergySolutions LLC, Deep Isolation Inc., Waste Control Specialists LLC, Empresa Nacional de Residuos Radiactivos S. A., Ansaldo Nucleare S. p. A, Rosatom State Nuclear Energy Corporation, Sellafield Ltd., GNS Gesellschaft für Nuklear-Service mbH, Sogin S. p. A.

Contents of the report:
1. Executive Summary
2. Nuclear Power Reactor Decommissioning Market Report Structure
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
…..
27. Nuclear Power Reactor Decommissioning Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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