The nuclear-decommissioning services market share in Europe will post an incremental growth of USD 5.78 billion, progressing at a CAGR of 10.19% during the forecast period. The shutdown of nuclear reactors will offer immense growth opportunities to market vendors. The nuclear-decommissioning services market in Europe is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Nuclear Decommissioning Services Market in Europe by Application and Type - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The nuclear-decommissioning services market in Europe is segmented by Application (Research reactors and Power reactors) and Type (PWR, BWR, and Others)
The growth of the nuclear-decommissioning services market size in Europe by the research reactors segment will be significant during the forecast period. European countries are highly dependent on power reactors as they contribute a significant amount of capacity to the overall energy mix of the European nations.
The shutdown of nuclear reactors will directly influence the nuclear-decommissioning services market in Europe. In addition, the use of robotics in decommissioning services is the major nuclear-decommissioning services market trend in Europe that will positively impact the market growth. However, factors such as the high costs associated with decommissioning will hamper the nuclear-decommissioning services market growth in Europe.
The market is fragmented due to the presence of several players. Some of the major nuclear-decommissioning services market vendors in Europe are AECOM, Ansaldo Energia Spa, Babcock International Group Plc, Bechtel Corp., EDF Energy Ltd., ENRESA, GD Energy Services Ltd., GE Hitachi Energy, Jacobs Engineering Group Inc., Jadrova a vyradovacia spolocnost AS, James Fisher and Sons Plc, Nuvia Inc., Orano SA, SNC Lavalin Group Inc., Studsvik AB, Veolia Environment SA, and Westinghouse Electric Co. LLC
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the nuclear- decommissioning services market in Europe forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the nuclear-decommissioning services market share in Europe.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the nuclear-decommissioning services market in Europe.
Nuclear-decommissioning services industry growth across Europe