London, 10 November 2014 – The Nuclear Decommissioning Market in Europe is expected to grow at a CAGR of 43.1 percent from 2014-2018, in response to a growing number of reactor shutdowns, says research firm TechNavio.
Fear of nuclear accidents, concerns over public safety, and vehement opposition to nuclear power are the main factors driving market growth in this area.
About the Report
Nuclear accidents such as the Chernobyl and Fukushima disaster have had a negative effect on the perception of nuclear power, which has impacted nuclear power development and led many countries to abandon future development plans in this sphere.
“The majority of nuclear shutdowns are expected to take place in Europe,” says Faisal Ghaus, Vice President of TechNavio.
“European countries like Germany, Belgium and Switzerland have plans to phase out nuclear energy from their power mix by 2022, 2025 and 2034, respectively. Germany shut eight nuclear reactors immediately after the Fukushima disaster and ordered a complete phase out by the year 2022. This climbing number of nuclear shutdowns is expected to drive the growth of the Nuclear Decommissioning Market in Europe in the coming years.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Nuclear Accidents
- For a full detailed list, view our report.
Market Challenges:
- Radiation Associated with Decommissioning
- For a full detailed list, view our report.
Market Trends:
- Increase in Nuclear Reactor Shutdowns
- For a full detailed list, view our report.
Key Vendors:
- Areva S.A.
- Babcock International Group plc
- Studsvik UK Ltd.
- URS Corp.
Other Prominent Vendors:
- EnergySolutions
- Nuvia Group
- Onet Technologies
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
