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Global nuclear decommissioning services to be valued at USD 8.90 billion by 2025

 

The global nuclear decommissioning services market size is expected to be valued at USD 8.90 billion by 2025
Nuclear Decommissioning Services Market Size, Share & Trends Analysis Report By Reactor Type (PWR, BWR, PHWR, GCR), By Strategy (Immediate and Deferred Dismantling, Entombment), And Segment Forecasts, 2018 – 2025   
 BY Sarah Smith Research Advisor at Reportbuyer.com Email: sarah@reportbuyer.com  ReportBuyer   LONDONApril 3, 2018 /PRNewswire/ –According to a new report by Grand View Research, Inc., exhibiting a 6.8% CAGR during the forecast period. Global nuclear phase out and rising support from governments post nuclear accidents are among major factors expected to fuel market growth over the years to come.

Rise in public safety concerns due to hazardous consequences of nuclear accidents is set to actuate market demand over the coming years.In addition, increasing sustainability concerns are likely to positively impact market growth.

The transitioning trend toward renewable energy thanks to various government initiatives and regulations is also projected to promote nuclear decommissioning services over the forecast period.

With extensive research and development underway, various novel decommissioning technologies to enable efficient dismantling of nuclear facilities have been developed. Furthermore, in order to enable sustainable development, government authorities are providing various incentives and support schemes for efficient dismantling of nuclear plants. …….

The global nuclear decommissioning services market size is expected to be valued at USD 8.90 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 6.8% CAGR during the forecast period. Global nuclear phase out and rising support from governments post nuclear accidents are among major factors expected to fuel market growth over the years to come.

Rise in public safety concerns due to hazardous consequences of nuclear accidents is set to actuate market demand over the coming years.In addition, increasing sustainability concerns are likely to positively impact market growth.

The transitioning trend toward renewable energy thanks to various government initiatives and regulations is also projected to promote nuclear decommissioning services over the forecast period.

With extensive research and development underway, various novel decommissioning technologies to enable efficient dismantling of nuclear facilities have been developed. Furthermore, in order to enable sustainable development, government authorities are providing various incentives and support schemes for efficient dismantling of nuclear plants.

Key market players include Orano Group; Babcock International Group PLC; Westinghouse Electric Company LLC; AECOM Group; Studsvik AB; Bechtel Group Inc.; GE Hitachi Nuclear Energy; and Magnox Ltd. These companies mainly focus on innovation to improve service quality and meet global demand.

Download the full report: https://www.reportbuyer.com/product/5360564  https://www.prnewswire.com/news-releases/the-global-nuclear-decommissioning-services-market-size-is-expected-to-be-valued-at-usd-890-billion-by-2025-300623629.html

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April 4, 2018 - Posted by | 2 WORLD, business and costs, decommission reactor

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