Nuclear Decommissioning Market Size & Share | Industry Survey Report 2022

16/nov/2018 06:30:19 Tejas Amale Contatta l'autore

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Nuclear Decommissioning Market - Competitive Landscape

The embryonic market of Nuclear Decommissioning appears to be competitive yet consolidated. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players.

Nuclear Decommissioning process refers to the shutting down of the reactor and the demolition of the power plants, making it available for some other use. Nuclear power plants have a limited life of around 55 years. However, recent technological advancements have to be useful in refurbishing them to substantial grace period. 

Nuclear Decommissioning towards the end of life production accentuates on the elimination of radioactive elements that are time intensive and hazardous to the environment; thus protecting the ecosystem. Worldwide there are about 150 shutdown reactors; out of which around 17 were due to be decommissioned entirely on the war front by 2016. These statics presages the potential opportunities the Nuclear Decommissioning market will garner during the forecast period.

Recognizing the growth potential, the market demonstrates currently, Market Research Future (MRFR) in its recently published study report, states that the global Nuclear Decommission Market is expected to witness a significant growth by 2022 registering over 6% CAGR during the forecast period (2017 – 2022).

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Global Nuclear Decommissioning Market   - Geographical Analysis

Globally, Europe accounts for the leading market for nuclear decommissioning followed by North America and Asia-Pacific. Factors substantiating the market growth in the Europe region include the government support and the growing environmental concerns, prompting the closure of the nuclear power plant.

Asia Pacific nuclear decommissioning market is emerging as one of the lucrative markets on account of several matured nuclear power plants, demanding the nuclear-decommissioning processes dearly.

North America nuclear decommissioning market is expected to grow rapidly during the forecast period due to the presence of numerous nuclear plants in the region which are due for a closure in the view of people and environment safety.

Global Nuclear Decommissioning Market   - Segmentation

The MRFR analysis is segmented into four key dynamics, for an enhanced understanding;

By Reactor Types          : Comprises - PWR, BWR, and GCR among others.

By Strategies                  :  Immediate and Deferred Dismantling, among others.

By Capacities                 :  up to 800MW, 801MW-1000MW, above 1000MW.

By Regions                     :  North America, Europe, APAC and Rest-of-the-World.

Key Players:

Babcock International Group PLC. Prominent players at the forefront of the market competition (UK), Areva Group (France), Studsvik AB (Sweden), Westinghouse Electric (US), AECOM (US), Energy Solutions (US), EDF-CIDEN (UK), Nuvia Group (France), Enercon Services, Inc. (Germany), and GD Energy Services (Spain). Profiling them in its analysis MRFR finds out the strategies helping them sustain their positions in the market.

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Industry / Innovation / Related News:

January 08, 2018 - Canadian federal laboratories (CNL's) draft environmental impact statement (EIS) for the proposed in-situ decommissioning of White-shell Reactor 1 (WR-1) . The CNL mentioned that the reactor was the preferred strategy for the 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), a leading global research and technology organization published their study on utilizing lasers for the nuclear decommissioning. TWI, investigating the use of remote nuclear decommissioning, has successfully deployed the technology on two separate nuclear sites in the UK, with clear tangible cost and safety benefits.

According to the TWI - Laser cutting is an alternative remote thermal size reduction, which minimizes the complexity of the

The technology is now being considered for a size reduction of an active research reactor on a Magnox site.

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 completion of their nuclear plant management project at FCS.

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