Nuclear Decommissioning Market Share

  • Report ID: 6018
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Nuclear Decommissioning Market Share

North American Market Statistics

The nuclear commissioning market in the North America region, amongst the market in all the other regions, is foreseen to encourage the largest with a share of close to 30% by the end of 2036. This market growth is expected to be dominated by a growing urban population. In 2022, the urban population in North America was close to 308,798,138, a rise of about 0.76% from 2021. Hence, the power demand is also growing which is further forecasted to influence the nuclear commissioning market’s expansion. In addition, there has been an increasing investment made in R&D activities in the region in order to find innovative solutions to deal with radioactive waste.

European Market Analysis

The Europe market for nuclear decommissioning is also forthcoming to have notable growth in the market for the years to come. This growth can be impelled by the growing number of key players in this region. Moreover, the deployment of wind energy has also risen in this area to promote green energy. Hence, in 2023, Europe deployed over 17 GW of wind power capacity. Additionally, it is anticipated that Europe might install more 259 GW of wind energy between 2024 and 2030 in order to meet the aim of net zero target. Furthermore, different improvements have been carried out on the turbine which is further estimated to satisfy a large number of people in this region. Consequently, this sector has also attracted huge investments from major players, stimulating the market’s growth in this region. 

Research Nester
Nuclear Decommissioning Market Regional
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Author Credits:  Dhruv Bhatia

  • Report ID: 6018
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing consumption of renewable energy, closing down of outdated nuclear power plants, and surging environmental issues.

The market size of decommissioning is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

The major players in the market are Westinghouse Electric Company LLC, Babcock International Group PLC, Studsvik AB, Bechtel Corporation, and others.

The immediate dismantling segment is anticipated to garner the largest market size of 50% by 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share of 30% by the end of 2036 and provide more business opportunities in the future.
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