Nuclear Decommissioning Services Market Outlook 2021, Global Opportunity & Growth Analysis

The nuclear decommissioning services market is projected to grow from an estimated USD 4.84 Billion in 2016 to USD 8.55 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. Factors such as nuclear accidents and rising political pressure for pre-closure of nuclear power plants are driving the market.

Some of the leading players in the nuclear decommissioning services market include Areva Group (France), Babcock International Group PLC. (U.K.), Studsvik AB (Sweden), AECOM (U.S.), and Westinghouse Electric (U.S.), among others. Contracts & agreements was the most commonly adopted strategy by the top players in the market, followed by expansions and other developments.

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Objectives of the study

• To define, describe, analyze, and forecast the global nuclear decommissioning services market based on reactor type, capacity, strategy, and region
• To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the market with respect to individual growth trends and future prospects
• To identify the major stakeholders in the market and draw a competitive landscape for market leaders
• To project the market size of the market and its segments in key regions, namely, North America, Asia-Pacific, and Europe
• To analyze market opportunities for stakeholders by identifying high-growth segments of the market
• To track and analyze recent developments such as expansions, new product launches, mergers & acquisitions, and contracts & agreements in the global market

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The points given below explain the research methodology.

• Analysis of key operational and upcoming nuclear decommissioning projects across the globe, along with the plant capacity
• Analysis of the age of nuclear power plants in every country for the past 30 years
• Analysis of various types of nuclear reactors operating in nuclear power plants in different countries
• Major regions have been identified along with countries contributing to the maximum share
• Secondary has been conducted to find out investments in R&D and strategies adopted for decommissioning of nuclear power plants across countries
• Revenue of the top companies (regional/global) and industry trends along with top-down, bottom-up, and MnM KNOW have been used to estimate the market size
• The overall market size has been finalized by triangulating the supply-side data, which include product development and supply chain. worldwide

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Target Audience:

• Nuclear decommissioning contractors
• Nuclear decommissioning equipment manufacturers
• Government and research organizations
• Consulting companies in the energy sector
• Nuclear decommissioning associations
• Environmental associations
• Investment banks

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues