Research Nester has released a report titled “U.S. Nuclear Plant Services Market: Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The United States is considered to be one of the major hotspots for nuclear plant decommissioning. Being one of the world’s largest producers of nuclear power, the nation has recorded availability of several non-functional nuclear plants after operating for several past years. As a result, there is a growing need for repair and maintenance of these nuclear plants, which is anticipated to drive the growth of the market. The U.S. nuclear plant services market is anticipated to grow with a CAGR of 3.65% during the forecast period, i.e., 2021-2028, and further touch USD 26,630.5 Million by 2028 from USD 19,776.4 Million in the year 2019.
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The market is segmented by plant type into pressured water plant, boiling water plant, pressurized heavy water plant, gas-cooled plant, and others. Out of these segments, the pressured water plant segment registered the largest market share in the year 2019 and is further projected to attain a value of USD 13577.06 Million by the end of 2021. Factors such as the easy controllability and safety features associated with these plant types are expected to drive the growth of the segment throughout the forecast period.
However, the concern for the high cost of setting up a new nuclear plant and the increasing stringent government regulations for setting up nuclear plants are some of the factors expected to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the U.S. nuclear plant services market, which includes company profiling of GE Hitachi Nuclear Energy (GEH), AECOM (NYSE: ACM), Bechtel Corporation, BHI Energy, Westinghouse Electric Company LLC, EnergySolutions, Mitsubishi Nuclear Energy Systems, Inc., and others.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “U.S. Nuclear Plant Services Market: Demand Analysis & Opportunity Outlook 2028”, analyses the overall U.S. nuclear plant services industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the U.S. nuclear plant services market in the near future.
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