Global Nuclear Decommissioning Market 2016-2020
Market overview of the nuclear decommissioning market
Publisher's research analyst predicts the global nuclear decommissioning market to grow at a CAGR over 2% during
the forecast period. Fatal accidents such as the Chernobyl and Fukushima incidents have propelled the growth of
this market. This has resulted in an increase in the decommissioning of nuclear plants across the globe. For instance,
during 2011, Germany decided to phase out all its operating nuclear plants from its power mix by the end of 2022,
which in turn augments the market growth.
The difficulty in disposal of radioactive nuclear waste is another factor driving this market's growth. For instance,
nearly 27 tons of nuclear waste is generated from a 1,000-MW nuclear reactor every year. This radioactive waste
generates a large amount of heat and takes a long period to decay. Improper disposal of these waste products could
result in serious environmental contamination. With the increase in such complexities, the demand for nuclear
decommissioning is expected to grow in the coming years. Germany, the US, the UK, and Slovenia are members of
the NEA (Nuclear Energy Agency), which is an agency focusing on advanced technology for safe decommissioning.
End-user segmentation and analysis of the nuclear decommissioning market
- Pressurized water reactor (PWR)
- Pressurized heavy water reactor (PWHR)
- Boiling water reactor (BWR)
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2016-2020
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