Global Nuclear Decommissioning Services Market 2019-2023
About Nuclear Decommissioning Services Market
Nuclear decommission services are the series of steps followed for retiring a nuclear plant. The major processes include decontamination, dismantling, waste transportation, and site treatment and reuse.
Technavio’s analysts forecast the global nuclear decommissioning services market to grow at a CAGR of 13.25% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global nuclear decommissioning services market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of nuclear decommissioning services market in different reactor type.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nuclear Decommissioning Services Market 2019-2023
Technavio recognizes the following companies as the key players in the global nuclear decommissioning services market: AECOM, Babcock International Group, Bechtel, Holtec International, Orano.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the use of robotics in decommissioning services. Vendors are already using robots from remote locations.
According to the report, one of the major drivers for this market is the shutdown of nuclear plants, due to change in the safety norms which required to invest huge capital. This had led the closure of nuclear plants.
Further, the report states that one of the major factors hindering the growth of this market is the price challenge associated with the decommission. The cost incurred for decommission services is huge and a continuous process. This will impact market negatively during our forecast period.
Babcock International Group
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