The Business Market Insights provides you regional research analysis on “North America Nuclear Decommissioning Service Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the North America Nuclear Decommissioning Service Market during the forecast period, i.e., 2020–2027.
The nuclear decommissioning service market in North America was valued US$ 1.92 billion in 2019 and is projected to reach US$ 3.35 billion by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.
As a greater number of nuclear power plants are nearing the end of the operational timeline, the operators and the governments are planning to decommission the facilities, and this activity is increasingly becoming mainstream, thereby driving the nuclear decommissioning services market. In the recent scenario, the decommissioning of nuclear facilities is outpacing the construction of newer facilities across the major regions. According to the World Nuclear Industry Status Report (WNISR), during the mid-2018, 115 nuclear reactors have been decommissioned, and ~70% of the world’s 173 reactors that have been permanently shut down. These statistics showcase the demand for decommissioning services, which is catalyzing the nuclear decommissioning services market.
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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Nuclear Decommissioning Service Market. The researcher provides an extensive analysis of the North America Nuclear Decommissioning Service Market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Major key players covered in this report:
- Bechtel Corporation
- GE Hitachi Nuclear Energy (GEH)
- Westinghouse Electric Company LLC
- NorthStar Group Services, Inc.
- Manafort Brothers Incorporated
- Fluor Corporation
- Babcock International Group PLC
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Nuclear Decommissioning Service Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Nuclear Decommissioning Service Market segments and regions.
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The research on the North America Nuclear Decommissioning Service Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the North America Nuclear Decommissioning Service Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Nuclear Decommissioning Service Market.
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