The global nuclear reactor decommissioning market is projected to grow at a CAGR of 2.5% from 2023 to 2033, according to a report published by Visiongain. The report highlights that the cost of operating aging reactors and the potential financial burdens of decommissioning have driven stakeholders to develop economically viable decommissioning strategies. Additionally, the shift toward cleaner and more sustainable energy sources has increased the importance of decommissioning to facilitate energy transitions. However, the COVID-19 pandemic has had a significant negative impact on the market, causing delays, workforce shortages, and financial constraints for decommissioning projects. The report also discusses the opportunities in the market, such as advancements in decommissioning technologies and the potential repurposing of decommissioned nuclear sites for alternative energy projects or industrial purposes. The major players in the nuclear reactor decommissioning market include AECOM, Ansaldo Nucleare, Bechtel Corporation, and Westinghouse Electric Company, among others.
Fri, 11 Aug 2023 07:00:00 GMT | GlobeNewswire