Nuclear Decommissioning Segmentation
Reactor Type [Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR)]
The pressurized water reactor (PWR) segment is poised to generate the highest nuclear decommissioning market share of around 40% over the coming years. This growth can be attributed to the fact that they are easy to operate, and less fissile material is situated in the core of the reactor, which further decreases the occurrence of additional fission events.
Additionally, the PWR's major beneficial factor includes the turbine cycle. As the mani and secondary loops are detached, water might not get polluted by radioactive material in the primary system loop. Moreover, growing demand for electricity is also predicted to boost the growth of the segment. In 2022, the consumption of electricity across the globe rose to over 25,499 terawatt-hours, which determined an increase over the past half a century.
Decommissioning Strategy (Immediate Dismantling, Deferred Dismantling, Entombment)
The immediate dismantling segment is expected to hold the highest market share of approximately 50% by 2037. The main element to dominate the segment market share is its active approach to rapidly decontaminating nuclear facilities after closure. Owing to this, the risks associated with radioactive materials are reduced, therefore securing a safer and healthier environment.
Capacity (Up to 800 MW, 801 MW-1000 MW, Above 1000 MW)
The up to 800 MW segment is projected to generate the highest market revenue by the end of 2037. Nuclear power plants with a capacity range of up to 800 MW are deployed among a large number of nations. However, these plants are forecasted to age and face economic or safety concerns rapidly, which is why the demand for decommissioning is rising. These plants’ decommissioning includes dissembling and protected disposal of radioactive matter, along with site remediation.
Our in-depth analysis of the global market includes the following segments:
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Reactor Type |
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Decommissioning Strategy |
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Capacity |
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