Nuclear Decommissioning Market Regional Analysis:
North American Market Insights
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 2035. 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 Insights
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.
