Global Nuclear Decommissioning Market Study, 2019 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Nuclear Decommissioning Market – Growth, Trends and Forecast (2018 –
2023)”
report has been added to ResearchAndMarkets.com’s
offering.

Globally, around 76 nuclear reactors are expected to retire between 2015
and 2019, followed by 183 units in the 2020s and 127 units in the 2030s.

As of September 2017, over 110 commercial power reactors, 48 prototype
reactors, over 250 research reactors, and numerous fuel cycle facilities
have been taken out of operation, and the number is expected to increase
further during the forecast period, 2018-2023.

Europe Expected to be one of the Leading Players in Nuclear
Decommissioning

Several countries in the European Union (EU) are actively considering
retracting nuclear power, due to the benefits of integrating renewable
energy generators. After the Fukushima incident, countries, such as
Germany and France, have taken drastic measures to phase-out their
nuclear power programs. As of 2017, nuclear energy accounted for
approximately 75% of the power generation in France.

According to World Nuclear Association, about 17% of France’s
electricity is from recycled nuclear fuel. On the flip side, the nuclear
power plants in France, which were initially built for 40 years of
lifespan, are aging. France plans to close up to 17 nuclear reactors by
2025, which is in line with the nation’s aim to reduce the dependency on
nuclear power by 50%. This is expected to increase the demand for
nuclear-decommissioning services in France significantly.

Similar growing focus on the usage of renewables and planned phase-out
of nuclear energy, by various countries in the European Union, is
expected to drive the nuclear decommissioning market in the European
region, during the forecast period.

Increasing Decommissioning of Nuclear Power Plants Witnessed in the
United States

The United States has 99 nuclear reactors, more than any other country,
with 102 gigawatts of electricity generation capacity, which can power
about 70 million homes. However, nuclear energy development in the
United States has become almost entirely dormant in the past decade, due
to the high upfront costs, at least partly created by stringent
regulations and licensing requirements as well as competition from other
energy sources.

The US government is increasingly shifting away from nuclear energy and
focusing on other alternative energy sources, primarily natural gas for
their power generation needs. As of 2017, a total of 10 commercial
nuclear reactors were successfully decommissioned in the United States,
and another 20 reactors are currently in different stages of the
decommissioning process, which is expected to increase the demand for
nuclear-decommissioning services in the country significantly.

South Korea – New Market of Opportunity

South Korea began its nuclear decommissioning program in 2017.
Decommissioning of country’s oldest reactor is undergoing a lengthy and
costly process of being dismantled. It has only 17 technologies for
nuclear decommissioning, and has not acquired 21 technologies related to
decommissioning preparation, dismantling, decontamination, waste
disposal, and environmental recovery.

The country is looking to ramp up its efforts to develop technologies
associated with decommissioning. South Korea is one of the new markets
for nuclear decommissioning, and this creates an opportunity for foreign
players to provide the necessary expertise the country needs, to phase
out its nuclear energy associations.

Key Developments in the Market

  • January 2018: GNS-Westinghouse consortium won German Nuclear
    decommissioning contract.
  • January 2018: Tepco completed interior survey of damaged Fukushima
    Daiichi nuclear power plant in Japan.
  • January 2018: Toshiba agreed to the sale of its Westinghouse claims.
  • November 2017: ROSATOM and Brazilian state-owned companies signed a
    memorandum of understanding to cooperate in the nuclear energy sector.

Key Topics Covered

1. EXECUTIVE SUMMARY

2. RESEARCH METHODOLOGY

2.1 Scope of Study

2.2 Study Assumptions

2.3 Study Deliverables

2.4 Research Phases

3. MARKET OVERVIEW

3.1 Introduction

3.2 Market Size and Demand Forecast until 2023

3.3 Government Policies and Regulations

4. MARKET DYNAMICS

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. SUPPLY CHAIN ANALYSIS

6. INDUSTRY ATTRACTIVENESS – PORTER’S FIVE FORCE ANALYSIS

6.1 Bargaining Power of Suppliers

6.2 Bargaining Power of Consumers

6.3 Threat of New Entrants

6.4 Threat of Substitute Products & Services

6.5 Intensity of Competitive Rivalry

7. MARKET SEGMENTATION & ANALYSIS (Overview, Market Size and
Demand Forecast in USD billion until 2023, Recent Trends & Developments)

7.1 By Reactor Type

7.1.1 Pressurized Water Reactor

7.1.2 Pressurized Heavy Water Reactor

7.1.3 Boiling Water Reactor

7.1.4 Gas Cooled Reactor

7.1.5 Fast Breeder Reactor

7.1.6 Other Reactors

7.2 By Application

7.2.1 Commercial Power Reactor

7.2.2 Prototype Power Reactor

7.2.3 Research Reactor

7.3 By Capacity

7.3.1 Below 100 MW

7.3.2 100 – 1000 MW

7.3.3 Above 1000 MW

8. REGIONAL MARKET ANALYSIS (Overview, Market Size and Demand
Forecast in USD billion until 2023, Recent Trends & Developments)

8.1 North America

8.2 Asia-Pacific

8.3 Europe

8.4 Middle East and Africa

8.5 South America

9. KEY COMPANY PROFILES (Overview, Financials, Products &
Services, Recent Developments and Analyst View)

9.1 Babcock International Group PLC

9.2 James Fisher & Sons PLC

9.3 NorthStar Group Services Inc.

9.4 Fluor Corporation

9.5 GE Hitachi Nuclear Services

9.6 Studsvik AB

9.7 WS Atkins PLC

9.8 Enercon Services Inc.

9.9 Areva S.A.

9.10 AECOM

9.11 Bechtel Group Inc.

9.12 Westinghouse Electric Company

10. COMPETITIVE LANDSCAPE

10.1 Mergers and Acquisitions

10.2 Joint Ventures Collaborations and Agreements

10.3 Strategies Adopted by Key Players

For more information about this report visit https://www.researchandmarkets.com/r/a1zh81

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Topics: Nuclear
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