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

August 22, 2018

LONDON--(BUSINESS WIRE)--Aug 22, 2018--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 . 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 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 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:

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.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005361/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY ENVIRONMENT NUCLEAR

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/22/2018 08:31 AM/DISC: 08/22/2018 08:31 AM

http://www.businesswire.com/news/home/20180822005361/en

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