North America Nuclear Decommissioning Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Nuclear Decommissioning is an administrative and technical process. It includes clean-up of radioactive materials and progressive demolition of the facility. Once a facility is fully decommissioned, no radiological danger should persist. The costs of decommissioning are generally spread over the lifetime of a facility and saved in a decommissioning fund. After a facility has been completely decommissioned, it is released from regulatory control and the plant licensee is no longer responsible for its nuclear safety.
North America Nuclear Decommissioning Market Segments Size & Growth:
North America Nuclear Decommissioning Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include public opposition towards nuclear power, the growth of renewables, nuclear reactors reaching operational retirement, and accidents and rising political pressure for pre-closure. However, high-risk of environmental and human sabotage during decommissioning, long project life and high investment costs in decommissioning projects
North America Nuclear Decommissioning Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
are thereby hampering the market growth.
North America Nuclear Decommissioning Market Segments Share:
North America Nuclear Decommissioning Market is categorised into reactor type which comprises pressurized water reactor, pressurised heavy water reactor, boiling water reactor, high-temperature gas-cooled reactor, and liquid metal fast breeder reactor. Among them, boiling water reactor segment holds the most significant share. By decommissioning strategy, the market is segmented into immediate dismantling, deferred dismantling, and entombment. Among them, dismantling segment holds the most significant share. By Capacity, the market is segmented into below 100 MW, 100 – 1000 MW, and above 1000 MW. By application, the market is segmented into commercial power reactors, prototype power reactors, and research reactors. By Geography, USA is projected to dominate the market, owing to factors such as government commitment and stringent regulations to phase out nuclear power plants.
North America Nuclear Decommissioning Market Trends:
- ACTUS, a joint venture of AMEC, Jacobs Engineering Group Inc, Costain and Babcock, has been awarded a contract worth up to £67 million over four years,
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North America Nuclear Decommissioning Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
by Magnox Limited.
Hazard reduction at Magnox’s Wylfa Site on Anglesey has reached a significant milestone, with more than half of the used nuclear fuel now emptied from its reactors.
North America Nuclear Decommissioning Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
North America Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- AECOM
- Orano Energy company
- Babcock International Corporation
- Bechtel Nuclear Decontamination & Decommissioning
- CH2M HILL
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