Research Beam research analyst predicts the global nuclear decommissioning market to grow at a CAGR over 2% during the forecast period. Fatal accidents such as the Chernobyl and Fukushima incidents have propelled the growth of this market. This has resulted in an increase in the decommissioning of nuclear plants across the globe. For instance, during 2011, Germany decided to phase out all its operating nuclear plants from its power mix by the end of 2022, which in turn augments the market ... Read more
In nuclear decommissioning, nuclear power plants are dismantled by shutting down the operation of nuclear reactors after they complete their operational license periods. This process includes the removal and disposal of radioactive components and wastes. The entire decommissioning process takes more than 40 years, post the permanent termination of nuclear power plant. The market of nuclear decommissioning is governed by increasing focus on cleaner ... Read more