DUBLIN, October 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Nuclear Decommissioning Services Market - Global Forecast to 2021" report to their offering.
The global nuclear decommissioning services market is projected to reach USD 8.55 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. This growth can be attributed to nuclear accidents and rising political pressure for pre-closure of nuclear power plants.
The report segments the nuclear decommissioning services market based on reactor type into water cooled and gas-cooled reactors. Water cooled reactor has been further segmented into Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), and other reactors. The BWR segment held the largest market size in 2015, as it is used in majority of the nuclear power plants.
The nuclear decommissioning services market has also been categorized based on capacity into up to 800 MW, 801 MW-1,000 MW, and above 1,000 MW. The nuclear power reactors up to 800 MW are expected to occupy the largest market size during the forecast period, due to pre-closure of nuclear power plants, whose capacities were below 800 MW, in the European region.
The nuclear decommissioning services market has also been segmented based on strategy into immediate dismantling, deferred dismantling, and entombment. The immediate dismantling segment is expected to occupy the largest market size during the forecast period, due to early phase-out of nuclear power plants in the European region, especially in Germany and Italy.
Europe held the largest market share, followed by North America and Asia-Pacific. In 2015, Germany dominated the European nuclear decommissioning services market. This can be attributed to government support, followed by public concern for pre-closure of nuclear power plants. Meanwhile, the market is estimated to grow the fastest in Asia-Pacific, owing to more number of nuclear power plants in Japan and South Korea. The figure given below indicates the market size of various regions by 2021, with their respective CAGRs.
The decommissioning cost on an average ranges in between USD 600 Million to USD 750 Million. However, the actual cost incurred can be more than the average estimated cost since many factors are involved in decommissioning a nuclear power plant. These factors are restraining the growth of the nuclear decommissioning services market.
- Ansaldo Nes (Nuclear Engineering Services Limited)
- Areva Group
- Babcock International Group PLC.
- Enercon Services, Inc.
- GD Energy Services-Nuclear
- KDC Contractors Limited
- Nuvia Group
- Onet Technologies
- Sogin S.P.A (Società Gestione Impianti Nucleari)
- Studsvik AB
- Westinghouse Electric Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Nuclear Decommissioning Services Marketindustry Trends
7 Nuclear Decommissioning Services Market, By Reactor Type
8 Nuclear Decommissioning Services Market, By Decommissioning Strategy
9 Nuclear Decommissioning Services Market, By Capacity
10 Nuclear Decommissioning Services Market, By Region
11 Competitive Landscape
12 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/cv9lbm/nuclear
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SOURCE Research and Markets