According to Skyquest's latest research report, the global nuclear decommissioning services market size is expected to reach $6.1 billion by 2030, exhibiting a CAGR of 5.2% during the forecast period (2023-2030). Aging nuclear infrastructure, increasing decommissioning of nuclear power plants, stringent regulatory requirements, rising safety and environmental concerns, the need for radioactive waste management, and an increased focus on efficiency in decommissioning projects are driving the market. We are accelerating our growth.
WESTFORD, USA, Feb. 26, 2024 (Globe Newswire) — According to SkyQuest's latest global survey. Nuclear decommissioning service market, the increasing use of robotics and automation in decommissioning activities, the emergence of small modular reactors (SMRs) influencing decommissioning strategies, the shift towards safer and more sustainable decommissioning practices, and the innovative use of robotics and automation in decommissioning activities. Growth in the development of waste treatment solutions, and expansion of public facilities. Private partnerships to finance and execute decommissioning projects are a trend driving market growth.
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See detailed table of contents on “Nuclear decommissioning services market”
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Page – 157
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Table – 92
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Figure – 74
Nuclear decommissioning is a complex and difficult undertaking that requires a high degree of specialized knowledge and experience. Companies offering nuclear decommissioning services must have the necessary skills and resources to complete these projects safely and efficiently.
Prominent players in the nuclear decommissioning services market
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Aecom
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Babcock International Group
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westinghouse electric company
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Jacobs
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BWX Technologies
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Bechtel Corporation
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orano group
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NUVIA Group
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Enercon Service Co., Ltd.
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Stazvik
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Sojin SpA
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KDC CONTRACTORS LIMITED.
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Onet Technologies SAS
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atkins global
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Fluor Co., Ltd.
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veolia nuclear solution
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cavendish nucleus
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RSRL
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Areva NP
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China Nuclear Corporation (CNNC)
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Demand for pressurized water reactors (PWR) and boiling water reactors (BWR) will increase significantly during the forecast period
Pressurized water reactors (PWR) and boiling water reactors (BWR) are among the most commonly used nuclear reactor types in the world, having been operating in various countries for decades. , dominates the global online market. Many of these reactors naturally create a significant demand for decommissioning services.
Aging nuclear infrastructure is a key application area
In terms of applications, aging nuclear infrastructure is a major segment as many commercial nuclear power plants around the world have reached or exceeded their operating life. As these plants age, there is an increasing need for decommissioning services to safely and efficiently decommission them.
North America has become a major market due to technological advances
Regionally, North America is one of the largest growth markets with a strong focus on technological advancement. There are a large number of nuclear power plants, many of which have reached the end of their operating life or are scheduled for decommissioning. The U.S. Nuclear Regulatory Commission (NRC) has established comprehensive regulatory requirements for decommissioning, which increases the demand for professional services. Additionally, Canada has nuclear facilities, contributing to the importance of the region.
The recent report provides a thorough analysis of the key players operating within the Nuclear Decommissioning Services market. This comprehensive assessment considers several key factors such as collaborations, mergers, innovative business policies, and strategies, and provides valuable insights into the key trends and breakthroughs in the market. You can Additionally, the report has carefully scrutinized the market shares of the top segments and presented detailed geographical analysis. Finally, the report highlights the key players in the industry and their continued efforts to develop innovative solutions to meet the ever-growing demand for nuclear decommissioning services.
Main trends in the nuclear decommissioning services market
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In the United States, BHI Energy provides generation and power distribution services. Westinghouse Electric Company LLC announced the signing of an agreement to acquire BHI Energy. With this acquisition, Westinghouse Electric Company LLC hopes to increase its knowledge and capabilities in nuclear power plant modification and maintenance and other similar services.
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Key Questions Answered in the Nuclear Decommissioning Services Market Report
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What are the specific growth drivers expected to impact the market during the forecast period?
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Can you name the top companies in the market and explain how they achieved their influential position?
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How do regional trends and patterns differ within the global market and how are these differences likely to shape the future growth of the market?
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