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Global Nuclear Decommissioning Services Market to Reach $7.5 Billion by 2026

Retrieved on: 
Thursday, August 5, 2021

SAN FRANCISCO, Aug. 5, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nuclear Decommissioning Services - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Aug. 5, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Nuclear Decommissioning Services - Global Market Trajectory & Analytics" .
  • Nuclear decommissioning releases a nuclear facility from the regulatory control, with the plant licensee no longer holding responsibility for nuclear safety of the plant.
  • Amid the COVID-19 crisis, the global market for Nuclear Decommissioning Services estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2026, growing at a CAGR of 5.9% over the analysis period.
  • The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $824 Million by 2026
    The Nuclear Decommissioning Services market in the U.S. is estimated at US$1.6 Billion in the year 2021.

Europe Nuclear Decommissioning Service Market Forecast to 2027: COVID-19 Impact and Analysis by Reactor Type; Strategy; Application; Capacity and Country - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 3, 2021

The "Europe Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type; Strategy; Application; Capacity and Country" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type; Strategy; Application; Capacity and Country" report has been added to ResearchAndMarkets.com's offering.
  • The two countries rely heavily on nuclear power generation; however, the rising demand for power generated from renewable energy sources is propelling the decommissioning of nuclear power reactors in the countries mentioned above.
  • The German government has laid down its plans to decommission the remaining 6 nuclear power plants by 2022; these plants are Gundremmingen nuclear plant (2021), Grohnde nuclear power plant (2021), Brokdorf nuclear power plant (2021), Neckarwestheim nuclear power plant (2022), Isar nuclear plant (2022), and Emsland nuclear power plant (2022).
  • Sogin S.p.A., a government-owned nuclear decommissioning service provider, has been engaged in dismantling and decommissioning several nuclear power plants in the country.