Aging Nuclear Power Plants a market Driver
Nuclear plants were designed for 30-40 years’ operating life, and these power plants need to be decommissioned after completion of their operational life. However, through refurbishment and replacement, some have proved to be capable of continuing well beyond the above-mentioned operating life, up to maximum of 60 years. Once dismantling is complete, the site returns to its natural radioactivity level. With growth in the number of old nuclear plants that are nearing their operational life, the nuclear decommissioning market is poised to grow.
Growing Opportunity for the Nuclear Decommissioning Market in Canada
Canada has 19 nuclear reactors, which provide around 16% of the country’s electricity demand. In Dec 2017, four nuclear power plants were in the process of being decommissioned or were decommissioned. The extent of opportunities for decommissioning contracts is expected to depend on the plans for refurbishing Canada’s remaining three currently shut down reactors.
Key Developments in the Market
- Jan 2018: Framatome has agreed to acquire the nuclear automation business of Schneider Electric, as part of Framatome's strategy to expand its instrumentation and control (I&C) offerings.
Reasons to Purchase This Report
- Current and future Nuclear Decommissioning Market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel.
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2. Research Methodology
3. Market Overview
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
3.4 Government Rules and Regulations
4. Market Dynamics
5. Industry Attractiveness - Porter’s Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Consumers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Intensity of Competitive Rivalry
6. Market Segmentation and Analysis (Overview, Market Size, and Demand Forecast until 2023)
6.1 By Reactor Type
6.1.1 Pressurized Water Reactor
6.1.2 Pressurized Heavy Water Reactor
6.1.3 Boiling Water Reactor
6.1.4 Gas Cooled Reactor
6.1.5 Fast Breeder Reactor
6.1.6 Other Reactors
6.2 By Application
6.2.1 Commercial Power Reactor
6.2.2 Prototype Power Reactor
6.2.3 Research Reactor
6.3 By Capacity
6.3.1 Below 100 MW
6.3.2 100 – 1000 MW
6.3.3 Above 1000 MW
7. Regional Market Analysis (Overview, Market Size, and Demand Forecast until 2023)
7.1 United States
7.3 Rest of North America
8. Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View)
8.1 Babcock International Group PLC
8.2 James Fisher & Sons PLC
8.3 NorthStar Group Services Inc.
8.4 Fluor Corporation
8.5 GE Hitachi Nuclear Services
8.6 Studsvik AB
8.7 WS Atkins PLC
8.8 Enercon Services Inc.
8.9 Areva SA
8.11 Bechtel Group Inc.
8.12 Westinghouse Electric Company
9. Competitive Landscape
9.1 Mergers and Acquisitions
9.2 Joint Ventures, Collaborations, and Agreements
9.3 Strategies Adopted by Leading Players
*List not Exhaustive
**Subject to availability to public domain
- Babcock International Group PLC
- James Fisher & Sons PLC
- NorthStar Group Services Inc.
- Fluor Corporation
- GE Hitachi Nuclear Services
- Studsvik AB
- WS Atkins PLC
- Enercon Services Inc.
- Areva SA
- Bechtel Group Inc.
- Westinghouse Electric Company