DUBLIN, Nov. 10, 2022 /PRNewswire/ — The “Nuclear Power Reactor Decommissioning Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global nuclear power reactor decommissioning market is expected to grow from $4.90 billion in 2021 to $5.62 billion in 2022 at a compound annual growth rate (CAGR) of 14.8%. The nuclear power reactor decommissioning market is expected to grow to $8.79 billion in 2026 at a CAGR of 11.8%.
The main types of nuclear power reactor decommissioning are pressurized water reactors, pressurized heavy water reactors, boiling water reactors, high-temperature gas-cooled reactors, liquid metal fast breeder reactors, and others. Pressurized nuclear power reactor decommissioning refers to a type of nuclear reactor that generates energy while also propelling nuclear submarines and naval vessels. The various capacities include below 100 MW, 100-1000 MW, and above 1000 MW and are used in several applications such as commercial power reactors, prototype power reactors, and research reactors.
Europe was the largest region in the nuclear power reactor decommissioning market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the nuclear power reactor decommissioning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward. Environmental sensitivity refers to the growing awareness of environmental issues. Nuclear power plants (NPPs) are used to produce carbon-free electricity due to their superior reliability, enormous clean-air compliance value, and large capacity for power generation.
Decommissioning is the process of…