Global Nuclear Decommissioning industry Growth, Trends & Forecasts 2018-2025

According to the market research and analysis, U.S.A is expected to lead the global nuclear decommissioning market for next 5 years and will account for around xx% of the total market share. Stringent government regulations and the projected decommissioning of several reactors in the region will augment the growth of the power plant decommissioning services market in this region. Moreover, it is estimated that the Compound Annual Growth Rate (CAGR) will increase by xx% over the forecast period. The natural calamity affected Fukushima projected the result of needing maximum safety at nuclear plants. To ensure this safety government across the world reviewed the safety regulations, and stringent rules were implicated over small nuclear plant decommissions. These rules and regulations led to the digitalization of many processes. The digitalization aware the loopholes in the plant setup. Digitalization is definitely the uptrend in nuclear decommissioning market which is consistently winning the nuclear decommissioning market share in today’s time.

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The nuclear decommissioning market is segregated into two segments, by type and geography. Where the type segment is further sub-divided as Pressurized water reactor (PWR), Boiling water reactor (BWR), Pressurized heavy water reactor (PHWR), Gas-cooled reactor (GCR) and Light water graphite reactor (LWGR). The geographic segmentation of a nuclear decommissioning maker is mostly seen in U.S.A, Asia-Pacific (APAC), and Europe-Middle East- Africa (EMEA).

Nuclear decommissioning is the process whereby a nuclear facility is dismantled to a point that it no longer requires steps taken towards radiation protection. To ensure that decommissioning sound environmental and safe, the NRC establishes the regulations and associated guidance outlining the requirements and process companies that should be compulsorily followed by the vendors. Decommissioning is an administrative as well as a technical process. It is basically a process where the nuclear power plant is either tore down completely or cleaned and reused for conventional use. The radioactive contamination is cleaned up and then the place can be reused but they don't actually let it happen for the radioactive radiations take time to free the place.

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In the coming years, the world is about to face the biggest global nuclear decommissioning market share. More than half of the 449 nuclear power plants across the globe are nearing an end of their scheduled life. The parts of the nuclear plant are either recycled or sold for revenue cause. Decommissioning of even one plan takes around 1.5 billion. The entire process actually takes a years to complete.

Decommission can be done in the following three ways:

1. Immediate dismantling, where the plant is decommissioned within 5 years of the release of the license.

2. Safe enclosure, where decommissioning is implicated in 40-60 years after the release of the license.

3. Entomb, where the remaining radioactive material is kept at the site itself, precautions are taken that the radiations are not leaked.

Competitive Landscape and Key Vendors

The nuclear decommissioning market size is quite fragmented as a result of the existence of a number of well-diversified global, national and regional companies. Maximum count of international companies have indulged in Joint venture with the local/regional companies as also the regional companies need the machinery, etc.

The leading vendors in the market are:

AECOM

AREVA SA

Babcock International Group

Studsvik

Westinghouse Electric

The other prominent vendors in the market are Energy Solutions, Nuvia, Rosatom, EDF-Ciden, Javys, Enresa, and NDA.

International Collaboration and List of Decommissioned Plants:

Organizations that promote the international sharing of knowledge, information and experience related to nuclear decommissioning include the Organization for Economic Co-operation and Developments, Atomic Energy Agency, Nuclear Energy Agency and the European Atomic Energy Community. Additionally, an online system is also officially called the Deactivation and Decommissioning Knowledge Management Information Tool which was developed under the United States Department of Energy and efficiently made available to the international collaboration in nuclear decommissioning are reduced to decommissioning costs and improve workers safety.

The decommissioned plants are:

1. Italy, Garigliano

2. Italy, Latina

3. Japan, Tokai

4. Japan, Fugen

5. Spain, Jose Cabrera

6. United Kingdom

7. United States, Fort St. Vaint.

8. United States, Rancho Seco NGS

9. United States, Shippingport

10. United States, San Onofre NGS

11. United States, Yankee Rowe

12. United States, Maine Yankee

13. United States, Pacific Gas and Electric - Humboldt Bay.

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