The global nuclear decommissioning services market is poised to surge during the forecast period, owing to the presence of a large number of decommissioning service providers, coupled with the rising number of nuclear power plants attaining the completion of operational life cycle. Europe led the nuclear decommissioning services market in 2018 and 2019 and is expected to continue its dominance during the forecast period. North America and APAC trail Europe in the nuclear decommissioning services market. The European region comprises large number of nuclear power plants that are reaching the respective end of the operational lifespan. This has led respective governments to decommission the operations of the facilities. Germany and France are among the key countries playing crucial roles in the enhancement of nuclear decommissioning services market. The governments of these two countries have announced a decommission plan for several nuclear facilities over the next two years. This factor is showcasing the growth in requirement for decommissioning service providers, which in turn reflects the upward inclination of nuclear decommissioning services market. Asia Pacific region also consists of a notable number of nuclear facilities, majorly in Japan and South Korea. The Japanese government has announced to phase out 40% to 50% of its nuclear facilities over the next decade. China and India on the other hand, are still maturing in the field of nuclear decommissioning, which holds a promising future for several nuclear decommissioning services market players in the countries and abroad. Impact of COVID-19 on Global Nuclear Decommissioning Services Market The outbreak of COVID-19 continues to impact the global energy & power industry and subsequently has negative impact over the growth of nuclear decommissioning market. For instance, COVID-19 emerged in China and has affected several nearing countries such as Japan, South Korea, and India. Japan and South Korea account for the largest share in nuclear power plant establishments in the APAC region. Both the counties have shut down several nuclear power plants over the last two years, including Fukushima Daiichi (Japan) and Kori-1 (South Korea). The outbreak has had a significant effect on the decommissioning services of the nuclear facilities. On the other hand, China has approved decommissioning of the country’s first nuclear power reactors in late 2019 and the decommissioning activity was set to start in2020. The outbreak of COVID-19 has delayed the start of decommissioning activities on the site. The report segments the global nuclear decommissioning services market as follows: By Reactor Type • Pressurized Water Reactor • Boiling Water Reactor • Gas Cooled Reactor By Strategy • Immediate Dismantling • Deferred Dismantling • Entombment By Application • Commercial Power Reactor • Prototype Power Reactor • Research Reactor By Capacity • Below 100 MW • 100 - 1,000 MW • Above 1,000 MW ABOUT US The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. We are committed to provide highest quality research and consulting services to our customers. We help our clients understand the key market trends, identify opportunities, and make informed decisions with our market research offerings at an affordable cost. We understand syndicated reports may not meet precise research requirements of all our clients. We offer our clients multiple ways to customize research as per their specific needs and budget. Contact Us Contact Person: Sameer Joshi Phone: +1-646-491-9876 Email Id: sales@theinsightpartners.com https://www.theinsightpartners.com/reports/nuclear-decommissioning-services-market/