Aging Nuclear Power Plants to Augment the Nuclear Decommissioning Services Market Growth
Nuclear Decommissioning is a process by which a commercial nuclear power plant or nuclear energy facility is dismantled so that it does not require ongoing safeguards for radiation safety. The process of dismantling can either be done manually or by robotics depending on the complexity of the task. A large portion of the budget allotted for managing waste is for the clean-up and decontamination of the site following the dismantling process. It is therefore important that there is greater decay of nuclear waste to prevent contamination. Market Dynamics: Rising risk and security concerns about nuclear decommissioning services are one of the major factors expected to propel the growth of the nuclear decommissioning services market. For instance, in February 2021, the United Kingdom and Japan collaborated to work on safer automated ways to deal with nuclear waste. The project, named LongOps, aims to use long-reach robotic arms for faster and safer decommissioning of reactors in F...