Energy and Power Nuclear Decommissioning Services Market

This is the Best Things About Nuclear Decommissioning Services Market with
Forecast to 2021
The report "Nuclear Decommissioning Services Market by Reactor Type (PWR, BWR, &
GCR), Strategy (Immediate Dismantling, Deferred Dismantling, and Entombm ent), Capacity
(Up to 800 MW, 801 MW-1,000 MW, and Above 1,000 MW), and Region - Global Forecast
to 2021", The nuclear decommissioning services market is projected to grow from an estimated
USD 4.84 Billion in 2016 to USD 8.55 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021.
Factors such as nuclear accidents and rising political pressure for pre-closure of nuclear power
plants are driving the market.
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Deferred Dismantling Strategy the fastest growing segment of nuclear decommissioning
services
The deferred dismantling segment is expected to grow at the highest CAGR during the forecast
period. Following the Fukushima nuclear power plant (Japan) accident, the German government is
committed to phase out its nuclear power plants by 2022. Further, the European Union is
focusing on developing renewable sources of power generation, and hence, majority of the
nuclear power plants in Europe are adopting deferred dismantling strategy for the
decommissioning process.
Boiling Water Reactor (BWR) the largest segment in the nuclear decommissioning services
market
The BWR reactor segment occupied the largest market share in the nuclear decommissioning
services market in 2015. This can be attributed to increase in the number of projects undergoing
decommissioning, due to stringent government regulations to phase out nuclear reactors by
2022. Majority of the nuclear power plants in the European region operate on BWRs.
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Objectives of the study
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To define, describe, analyze, and forecast the global nuclear decommissioning services
market based on reactor type, capacity, strategy, and region
To provide detailed information on major factors influencing the growth of the market
(drivers, restraints, opportunities, and industry-specific challenges)