The report, now available on ASDReports, recognizes the following companies as the key players in the global nuclear decommissioning market: AECOM, AREVA, Babcock, Studsvik, and Westinghouse Electric.
Other Prominent Vendors in the market are: Energy Solutions, Nuvia Group, Rosatom, EDF-Ciden, Javys, Enresa, and NDA.
Commenting on the report, an analyst said: “A continuing trend which will have a positive impact on market growth is international cooperation to ensure nuclear safety. The dependence on nuclear power plant is reduced over a period owing to the disasters such as Fukushima and Chernobyl. Organizations such as the IAEA, the OECD’s NEA, and the commission of the European communities share the experience, technology, and the knowledge about decommissioning among various countries.”
According to the report, a key growth driver is the worldwide shutdown of older reactors. At times, the upgradations asked to run the reactors tend to be too expensive to keep the reactors working. This normally is the case with older nuclear reactors that are already nearing the end of their lifetime.
Further, the report states that one challenge that is hampering market growth is the difficulty in disposing radioactive nuclear waste.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Jun 28, 2016