Nuclear Decommissioning Market 2018 Global Industry Analysis with Market Players Areva Group, Babcock International Group PLC., Studsvik AB, AECOM, Westinghouse Electric, Nuvia Group

Market Scenario:
The factors driving the growth of nuclear decommissioning market are the rising nuclear accidents and political pressure for the closure of the nuclear power plant to ensure safety of the environment and people. The increase in support from the government for the pre-closure of nuclear power plant has also led to the growth of this market. Due to the stringent regulations, the low performance nuclear power plants are decommissioned so that there is no after effect. Digitization of system ensures that if there is any sudden change in the property of nuclear power plant and it is immediately managed by taking necessary steps. This is one of the major factors that responsible for the growth of nuclear decommissioning market.

Nuclear decommissioning is the process in which the nuclear facility is destroyed to the extent where there is no requirement of radiation protection. The nuclear decommissioning removes the radioactive materials that are dangerous, hazardous to the environment and time intensive. Once the radioactive materials are cleaned up there should be no radiologic danger left in nuclear facility. The major drivers that are responsible for the growth of nuclear decommissioning market are growth in nuclear accidents that are hazardous to the environment and the rising political pressure for the closure of nuclear power plants. The growing initiative by the government for the safety of environment and people also lead to the growth of these market. Nuclear Decommissioning Market is expected to grow with the CAGR of approximately 12% from 2016 to 2022

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Prominent Players
Areva Group (France), Babcock International Group PLC. (U.K.), Studsvik AB (Sweden), AECOM (U.S.), and Westinghouse Electric (U.S.), EnergySolutions (U.S.), Nuvia Group (France), EDF-CIDEN (U.K.), Enercon Services, Inc. (Germany), GD Energy Services (Spain) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Nuclear Decommissioning Market.

Industry/ Innovation/ Related News:
January 22, 2018 – The Omaha Public Power District (OPPD - US) and Exelon Generation LLC which were partnered for the Fort Calhoun Nuclear Station (FCS) in 2012; announced that the plant has come to an end and so has their nuclear plant management project at FCS.

January 08, 2018 – Canadian federal and provincial authorities announced the completion of the technical assessment of Canadian Nuclear Laboratories' (CNL's) draft environmental impact statement (EIS) for the proposed in-situ decommissioning of Whiteshell Reactor 1 (WR-1). CNL states that at the time the reactor was shut down, deferred decommissioning was the preferred strategy for management of the main reactor building. The reactor was therefore defueled and has been maintained in a state of "storage with surveillance".

January 16, 2018 – TWI (The Welding Institute UK) world’s leading research and technology organisation submitted their study on the use of lasers for nuclear decommissioning. TWI has been investigating the use of lasers for remote nuclear decommissioning work and has successfully deployed the technology on two separate nuclear sites in the UK, with clear tangible cost and safety benefits.

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Europe accounts for the highest market share
Europe has accounted for the largest market share of nuclear decommissioning due to the support from the government and the public concern for the closure of the nuclear power plants. In North America, majority of the nuclear power plant are very old and are on the verge of closing down. This creates a huge opportunity for the nuclear decommissioning in this region. Canada is an important country for nuclear power plants but there were various protest for the closure of the nuclear power plant in the public interest. Due to this situation the government was forced to close nuclear power plants, which eventually increased the market of nuclear decommissioning.

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