Nuclear Decommissioning Services Market Size to Grow by 5,627.33 MW through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the nuclear decommissioning services market and it is expected to grow by 5,627.33 MW, accelerating at a CAGR of almost 13% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Nuclear Decommissioning Services Market: Emerging Trends to Impact Market Growth
Change in regulations due to nuclear reactor accidents to emerge as a key trend in the industrial nuclear decommissioning services market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Nuclear Decommissioning Services Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AECOM, Ansaldo Energia Spa, Babcock International Group Plc, Bechtel Corp., General Electric Co., Holtec International, Jadrova a vyradovacia spolocnost AS, NorthStar Group Services Inc., Orano SA, and VEOLIA ENVIRONNEMENT SA are some of the major market participants. 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.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the global nuclear decommissioning services market, and it is expected to grow by 5,627.33 MW accelerating at a CAGR of almost 13% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Nuclear Decommissioning Services Market: Segmentation by Reactor Type
During 2019, the PWR segment accounted for the major share of the Nuclear Decommissioning Services Market. This segment will exhibit a growth rate faster than that of the overall market. In 2019, 57.15% of the overall market was occupied by PWR, the position of all the segments will likely remain the same during the forecast period. Thus, this segment will be witnessing significant market growth during the forecast period.
Nuclear Decommissioning Services Market: Segmentation by Geography
Europe was the largest Nuclear Decommissioning Services Market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 73% of the market growth will originate from Europe during the forecast period. France and the Russian Federation are the key markets for nuclear decommissioning services in Europe.
Nuclear Decommissioning Services Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AECOM, Ansaldo Energia Spa and Babcock International Group Plc are some of the major market participants. 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.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
