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Nuclear Decommissioning Services Market Expected to Reach $11.79 Billion by 2034 – BIS Research

Industry Today 12th Nov 2024

As nuclear facilities worldwide reach the end of their operational lives, the nuclear decommissioning services market is witnessing substantial growth. The Nuclear Decommissioning Services Market is projected to grow from $6.70 billion in 2024 to $11.79 billion by 2034, fueled by the rising number of decommissioned nuclear facilities and the increasing emphasis on sustainable practices.

Published 12 November 2024

Market Overview 

Market Size and Growth Rate 

The Nuclear Decommissioning Services Market is projected to grow from $6.70 billion in 2024 to $11.79 billion by 2034, at a CAGR of 5.81% during the forecast period. This growth is driven by the escalating number of decommissioned reactors and a shift toward stringent regulatory frameworks prioritizing safe and sustainable decommissioning processes. …………………………………………………..

Demand Drivers 

The market is significantly driven by the retirement of aging nuclear facilities, increased regulatory scrutiny, and advancements in decommissioning technology. Environmental sustainability mandates are pushing the demand for efficient and compliant decommissioning solutions. 

Challenges 

Complex regulatory requirements and high costs remain key challenges. Additionally, the intricate nature of nuclear waste disposal raises concerns over potential delays and budget overruns in large-scale decommissioning projects. …………………………………………………………………………………………………….

The successful [whaaa-aa-aat!] decommissioning of Japan’s Fukushima Daiichi nuclear power plant highlights the potential for advanced decommissioning technology to manage complex sites safely and efficiently. ……………………………………………..https://industrytoday.co.uk/energy_and_environment/nuclear-decommissioning-services-market-expected-to-reach-1179-billion-by-2034-bis-research

November 15, 2024 - Posted by Christina Macpherson | business and costs, decommission reactor