North America Nuclear Decommissioning Market - Growth, Trends, and Forecast (2018 - 2023)

In North America, the United States is the world's largest producer of nuclear power, which accounts for more than 30% of the worldwide nuclear generation of electricity. In the first 10 months of 2017, the United States produced net nuclear electricity of 665,097 million kilowatt hours. During this period, 19.8% of the net electricity generated in the country was nuclear. Most of the country’s nuclear power comes from the reactors, which were built between 1967 and 1990. Since 1977 to 2013, no new construction of nuclear plant was undertaken, due to increased popularity of economically attractiveness of gas-based power generation. The country has potential for the nuclear decommissioning market during the forecast period.

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.

The major players include - Babcock International Group PLC, James Fisher & Sons PLC, NorthStar Group Services Inc., Fluor Corporation, GE Hitachi Nuclear Services, amongst others.

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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