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Nuclear Decommissioning Services Market in Europe 2018-2022 | Key Insights into the Market | Technavio

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The nuclear decommissioning services market in Europe is expected to
post a CAGR of nearly 30% during the period 2018-2022, according
to the latest market research report by Technavio.
However, the growth momentum of the market is expected to decelerate due
to a decline in the year-over-year growth.

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Technavio has published a new market research report on the nuclear decommissioning services market  ...

Technavio has published a new market research report on the nuclear decommissioning services market in Europe from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing government
inclination toward renewable energy. With the growing concerns of public
safety and unavailability of sustainable nuclear waste disposal
solutions, governments around the globe have increased their efforts to
address the concern surrounding this matter. Governments need to take
initiatives as a response to the growing number of health and
environmental hazard concerns, resulting in many reforms in the energy
policies of nations. These reforms have resulted in a strong inclination
toward increasing the contribution of renewable energy to the energy mix
of the European nations.

This market research report on the nuclear
decommissioning services market in Europe 2018-2022
also
provides an analysis of the most important trends expected to impact the
market outlook during the forecast period. Technavio classifies an
emerging trend as a major factor that has the potential to significantly
impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the use of robotics in
decommissioning services as one of the key emerging trends in the
nuclear decommissioning services market in Europe:

Nuclear decommissioning services market in
Europe: Use of robotics in decommissioning services

According to the International Energy Agency, nearly 200 nuclear
reactors are expected to shut down in the next 25 years, out of which
many are in Europe. This signifies that a lot of work will have to be
done, especially when there are few vendors available in the market that
offer complex and dangerous decommissioning services. The processes
involved in decommissioning are very risk-prone and any minor incident
could lead to severe health disorder for the participating professionals
involved in the process.

"The use of robotics in decommissioning has reduced the contamination
and personnel risk by a larger extent and are economically viable as
well. With the upcoming shutdown of multiple reactors in the region,
robotics devices are expected to accelerate the growth of the nuclear
decommissioning services market in Europe during the forecast period,"
says
a senior analyst at Technavio for research on power.

Nuclear decommissioning services market in
Europe: Segmentation analysis

This market research report segments the nuclear decommissioning
services market in Europe by geographical regions, including Germany,
Spain, and Sweden. Germany led the market in 2017 with a market share of
nearly 58% followed by Sweden and Spain.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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