About Nuclear Decommissioning Service
Nuclear decommissioning refers to the process whereby a nuclear facility is dismantled to the point. The presence of radioactive material necessitates processes that are potentially occupationally hazardous, time extensive, expensive and present environment risk that must be addressed to ensure radioactive materials are either transported elsewhere for storage.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Nuclear Decommissioning Service market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Areva Group (France), Babcock International (United Kingdom), Studsvik (Sweden), AECOM (United States) and Westinghouse Electric (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Nuclear Decommissioning Service market by Type (Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, Fast Breeder Reactor and Other Reactors), Application (Immediate Dismantling, Deferred Dismantling and Entombment) and Region.
On the basis of geography, the market of Nuclear Decommissioning Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Below 100 MW will boost the Nuclear Decommissioning Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Strategy, the sub-segment i.e. Immediate Dismantling will boost the Nuclear Decommissioning Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
International Cooperation for Nuclear Safety and Use of Robotics in Decommissioning Services
Market Growth Drivers:
Accidents and Rising Political Pressure for Pre Closure
Challenges:
Nuclear Waste Disposable
Restraints:
High Cost of Decommissioning
Opportunities:
Aging Nuclear Power Plants
Market Leaders and their expansionary development strategies
In December 2023, The announcement was made by Carwyn Chamberlain, YGN Chair 2023 at a Nuclear Industry Association (NIA) event on Thursday 7 December, with the organisations pledging to continue working closely to maximise learning opportunities for NDA group staff, increase awareness of joining the Nuclear Institute, and most importantly, support early careers within the nuclear industry.
In November 2023, The nuclear industry is growing, as is the NDA’s mission, creating a wealth of exciting opportunities with the number of graduate opportunities available in the NDA group doubling this year to more than 120.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.