The global Nuclear Decommissioning Market size exceeded USD 37.0 billion in 2017. This report will help viewers in making better decisions powered by Adroit Market Research.
Dallas, United States - October 28, 2020 /MarketersMedia/ —
Mindful Initiatives towards Environmental Sustainability Likely to Support Growth Market Expansion in Nuclear Decommissioning Market
Pre-mature termination of nuclear power plants owing to large scale prevalence of accidents and mishaps, coupled with soaring political influence encouraging closure of nuclear power plants have been pushing large scale growth in nuclear decommissioning market, a new research report by Adroit Market Research concludes.
One of the most influential factors encouraging nuclear decommissioning is the soaring demands for digitization of nuclear power plants. The key focus of nuclear decommissioning services is the removal of harmful radiation and radioactive materials to ensure environmental sustainability. Additionally, need for adequate time management for better operational efficiency also offers ample growth fillip to the growth trajectory of nuclear decommissioning market.
Top Key Players are Areva SA, Babcock International Group PLC, Enercon Services, Inc., NorthStar Group Services, Inc., Fluor Corporation, Studsvik AB, Nuvia Limited, GE Hitachi Nuclear Energy (GEH), and Westinghouse Electric Company (WEC)
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Europe to Remain at the Forefront of the Growth Curve, Closely Followed by North America and APAC
Growing environmental protection initiatives and adequate government funded programs to abandon services across nuclear power plants that are potentially high-risk areas have been largely influencing market expansion in Europe. Developments across APAC and North America are closely following suit. Current market conditions are supportive of a healthy growth spurt in North American nuclear decommissioning market through the forecast span.
Digitization of Nuclear Decommissioning to Include AI and Robotics Integration
Aligning with the soaring needs of effective measures for adequate management and decommissioning of nuclear facilities for sustainable operations. Adoption of Robotics and AI is the next disruptive technological milestone that is likely to up the game and maintain environmental sustainability.
With these bespoke technologies, highly advances imaging technologies are used to get an overview of the radioactivity implications across the facilities and the rate of radioactive contamination.
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Key segments of the global nuclear decommissioning market
Reactor Type Overview, 2016-2027 (Megawatts) (USD Billion)
Pressurized water reactor (PWR)
Boiling water reactor (BWR)
Others
Regional Overview, 2016-2027, 2028-2037 & 2038-2047 (Megawatts) (USD Billion)
North America
U.S.
Canada
Europe
Western Europe
Eastern Europe
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
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