Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, December 3, 2020

Asia Pacific Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type ; Strategy ; Application ; Capacity and Country

Asia Pacific Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type ; Strategy ; Application ; Capacity and Country: The nuclear decommissioning service market in Asia-Pacific was valued US$ 1. 22 billion in 2019 and is projected to reach US$ 1. 80 billion by 2027; it is expected to grow at a CAGR of 5. 1% from 2020 to 2027.New York, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Nuclear Decommissioning Service Market Forecast to 2027- COVID-19 Impact and Analysis by Reactor Type ; Strategy ; Application ; Capacity and Country" - https://www.reportlinker.com/p05953745/?utm_source=GNW As the decommissioning of nuclear power plants is an expensive task, establishing a company to decommission these plants requires lump sum capital investments, massive manpower, and significant expertise. Therefore, the competitive landscape of this market in Asia-Pacific is majorly dominated by the well-established, industry-recognized, and financially balanced companies. Prototype reactors are similar to commercial power reactors; however, these reactors are majorly developed for testing design features or newer safety features. According to several estimations, ~45 prototype reactors were shut down in 2017 in the world.. Unlike coal-based thermal power ge

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