Market Size of United Kingdom Nuclear Power Reactor Decommissioning Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Nuclear Power Reactor Decommissioning Market Analysis
The United Kingdom nuclear power reactor decommissioning market is expected to rise at a CAGR of more than 5% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the medium period, increasing renewable energy installation, which is cheaper and cleaner, is expected to drive the United Kingdom nuclear power reactor decommissioning market during the forecast period.
- On the other hand, the high cost of decommissioning nuclear plants is expected to restrain the United Kingdom nuclear power reactor decommissioning market.
- Nevertheless, increasing the use of robots and artificial intelligence in the decommissioning of nuclear reactors is safer and will likely create several opportunities for the United Kingdom nuclear power reactor decommissioning market in the future.
