DUBLIN--(BUSINESS WIRE)--The "North America Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type; Strategy; Application; Capacity and Country" report has been added to ResearchAndMarkets.com's offering.
The nuclear decommissioning service market in North America was valued US$ 1.92 billion in 2019 and is projected to reach US$ 3.35 billion by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.
A majority of nuclear power plants generate electricity more than 1,000 MW. The continuously rising demand for electricity has propelled the evaluation of these plants over the years to push their capacity above 1,000 MW.
Several of the nuclear power plants in North America are nearing the end of the operational lifecycle or are being decommissioned. The factors considered while decommissioning these plants include the economic condition of the owner, extent of demand for renewable energy, and rise in concerns related to emission of radioactive materials.
Diablo Canyon (US) and Beaver Valley (US), which are among the nuclear power plants with capacity above 1,000 MW, are due for shutdown and decommissioning. The service providers offering decommissioning services to nuclear power plants with more than 1,000 MW generating capacity have lucrative opportunities to acquire high number of contracts.
The demand for nuclear power plants has been rising over the past few decades, owing to which the developers of commercial nuclear power plants are increasingly emphasizing on prototype reactors or research reactors to test the design and safety features. This has encouraged the development of the prototype and research reactors.
However, currently, numerous prototype or research reactors are being decommissioned as these reactors have reached the end of their respective operational lifespans. The cost of decommissioning these nuclear power plants is comparatively less, and the service providers generate low revenue of these tasks. However, the nuclear power plants have the capability to generate electricity at a maximum cap of 1,000 MW.
The demand for these nuclear power plants has been higher among the North American countries where the nuclear power sector is well established, and the demand for electricity is at a constant rise over the years. .
The decommissioning services market players offer their services to various types of reactors, which include pressurized water reactor (PWR), boiling water reactor (BWR), and gas cooled reactor (GCR). The companies adopt different types of strategies for dismantling and decommissioning of nuclear facilities, which include immediate dismantling, deferred dismantling (SAFSTOR), and entombment.
The application areas of nuclear decommissioning services market players include commercial power reactors, prototype reactors, and research reactors. The nuclear decommissioning services market comprises several well-established and financially balanced players.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Nuclear Decommissioning Services Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Additional Customization
4.4.1 Nuclear Decommissioning Services Contracts
5. Nuclear Decommissioning Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in number of aging nuclear plant infrastructure
5.2 Market Restraints
5.2.1 Potential postponement in decommissioning of the nuclear power plant
5.3 Market Opportunities
5.3.1 Integration of robotics solutions to aid in decommissioning activities
5.4 Future Trends
5.4.1 Rise of nuclear based power plants
5.5 Impact Analysis of Drivers and Restraints
6. Nuclear Decommissioning Services - North America Market Analysis
6.1 Nuclear Decommissioning Services Market Overview
6.2 Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking
7. Nuclear Decommissioning Services Market Analysis By Reactor Type
7.1 Overview
7.2 North America: Nuclear Decommissioning Services Market Breakdown, by Reactor Type, 2019 & 2027
7.3 Pressurized Water Reactor
7.4 Boiling Water Reactor
7.5 Gas Cooled Reactor
8. Nuclear Decommissioning Services Market Analysis By Strategy
8.1 Overview
8.2 North America: Nuclear Decommissioning Services Market Breakdown, by Strategy, 2019 & 2027
8.3 Immediate Dismantling
8.4 Deferred Dismantling
8.5 Entombment
9. Nuclear Decommissioning Services Market Analysis By Application
9.1 Overview
9.2 Nuclear Decommissioning Services Market Breakdown, by Application, 2019 & 2027
9.3 Commercial Power Reactor
9.4 Prototype Reactor
9.5 Research Reactor
10. Nuclear Decommissioning Services Market Analysis By Capacity
10.1 Overview
10.2 North America: Nuclear Decommissioning Services Market Breakdown, by Capacity, 2019 & 2027
10.3 Below 100 MW
10.4 - 1,000 MW
10.5 Above 1,000 MW
11. Nuclear Decommissioning Services Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Global Nuclear Decommissioning Services Market
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 Key Facts
14.2 Business Description
14.3 Products and Services
14.4 Financial Overview
14.5 SWOT Analysis
14.6 Key Developments
- AECOM
- Bechtel Corporation
- EnergySolutions
- GE Hitachi Nuclear Energy (GEH)
- Westinghouse Electric Company LLC
- NorthStar Group Services, Inc.
- Manafort Brothers Incorporated
- Fluor Corporation
- Atkins
- Babcock International Group PLC
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