New York, May 31, 2021 (GLOBE NEWSWIRE) – According to statistics from the US Energy Information Administration (EIA), total energy consumption in the United States was 92.94 quadrillion Btu in 2020. In addition, nuclear power production accounted for 20% of the total share. sources of electricity generation in the United States. States the same year. In addition, electricity produced from nuclear power has increased from 22 billion kilowatt-hours in 1970 to 790 billion kilowatt-hours in 2020.
Research Nester recently added a report titled “United States Nuclear Power Plant Services Market – Analysis of demand and outlook for 2019-2028 opportunities » in its repository of market research reports. Further, the report consists of the in-depth analysis of the market size, forecast, trends, opportunities, challenges and other factors associated with the growth of the market during the period 2019-2028.
Nuclear power plant services are the solutions provided to nuclear power plants for its reliable and safe operations. The services also include the construction of new nuclear power plants or the decommissioning of existing plants. The US nuclear power plant services market is expected to grow at a CAGR of 3.65% during the forecast period, which is 2021-2028. The market is booming due to the growing demand for electricity in the country, as well as the presence of numerous non-functioning nuclear power plants that require timely repairs and maintenance. In the United States, there were nearly 96 operational nuclear reactors until 2019. Most of these reactors were built between 1967 and 1990 and there was no new construction of nuclear power plants until 2013. In Besides, the market is also expected to grow due to the increasing decommissioning of existing nuclear power plants in the region. In other statistics titled “Annual Energy Outlook 2021 (AEO2021)” from the US Energy Information Administration (EIA), nearly 11 gigawatts of nuclear capacity are expected to be decommissioned by the end of 2025. The market is further expected to reach revenue of $ 26,630.5 million by 2028 compared to $ 19,776.4 million in 2019.
“The final report will cover the impact analysis of COVID-19 on this industry.”
Get a sample copy of the report @ https://www.researchnester.com/sample-request-3035
The nuclear power plant services market in the United States is segmented by plant type into pressurized, boiling, pressurized heavy water plant, gas-cooled plant and others. Among these, the pressurized water plant segment is expected to register the largest market share in 2021 and cross revenue of USD 13,570 million. The segment is also expected to grow with the highest CAGR of 4.03% during the forecast period. The market is also segmented on the basis of service in plant commissioning, operations management, laboratory management, safety and environment services, emergency response services, modernization, decontamination and decommissioning, plant management. quality and others, of which the plant commissioning segment is expected to register revenue of USD 12,596.20 million by 2028. The segment is further expected to grow by a CAGR of 3.32% at during the forecast period.
The US nuclear power plant services market is further subdivided on the basis of plant commissioning, operations management, safety and environmental services, emergency response services and modernization, in the service segment.
Get a sample PDF from United States Nuclear Power Plant Services Market 2021 report
United States nuclear power plant services market, segmentation by plant commissioning
- Engineering and procurement
- Integrated EPC software
US Nuclear Power Plant Services Market, Segmentation By Operations Management
- Cleaning, decontamination and demolition
- Hot cells
- Nuclear material processing plants
- Waste treatment
- Infrastructure waste management
- Soil waste management
- Group water re-mediation
Nuclear Power Plant Services Market in United States, Segmentation by Safety and Environmental Services
- Chemical soil treatment
- Decommissioning of high-risk wells
- Groundwater extraction and treatment
United States Nuclear Power Plant Services Market, Emergency Response Services Segmentation
- Repair and maintenance of infrastructure
- Power transmission and distribution lines
US nuclear power plant services market, segmentation by modernization
- Upgrade instruments
- Modernization of control systems and control room
- Automation of work processes
Buy this report and get instant access @ https://www.researchnester.com/payment/rep-id-3035
Impact of COVID-19 on the US market for nuclear power plant services
Due to the COVID-19 pandemic, nuclear power generation has been largely hampered as several organizations across the country have had to operate at lower capacity, and for mobility restrictions and limitations on non-essential travel, which have significantly affected reduces energy demand in transport. sector. In addition, energy consumption in commercial buildings also decreased in 2020. In other EIA statistics, in 2020, energy demand in end-use sectors including commerce, industry , transportation and residential declined to 90% of its 2019 level. Moreover, the pandemic has also delayed the construction of new nuclear reactor construction sites in the country, which is expected to greatly affect the growth of the market during the forecast period.
Do you have specific questions or requirements? Ask our expert
Some of the industry leaders mentioned in our report that are associated with the US nuclear power plant services market are GE Hitachi Nuclear Energy (GEH), AECOM, Bechtel Corporation, BHI Energy, Westinghouse Electric Company LLC, EnergySolutions, Mitsubishi Nuclear Energy Systems , Inc., and others.
Explore our recent related reports:
Virtual Power Plant Market Segmentation by technology (response to demand, mixed assets and distributed generation); By End User (Residential, Industrial and Commercial) – Global Demand Analysis and Opportunity Outlook 2029
Small Scale Biomass Cogeneration Plant Market Segmentation by Application Type (Utilities, Industrial, Commercial and Residential – Global Demand Analysis and Opportunity Outlook 2021-2029
Boiler market for power plants Segmentation by type of application (multi-tube boilers, circulation fluidized boilers, spray boilers); By fuel type (coal-based, gas-based, petroleum-based); By Technology (Subcritical, Supercritical and Ultra-Supercritical) Global Demand Analysis and Opportunity Outlook 2027
Renewable Battery Storage Market Segmentation by element (battery and other element); by battery type (lithium-ion, lead-acid, flow batteries and others); by type of connection (on-grid and off-grid connection); by property (customer property, third party owner and utility property); by energy capacity (less than 100 MWh, between 100 and 500 MWh and greater than 500 MWh); By Application (Residential, Commercial & Utility) – Global Demand Analysis and Opportunity Outlook 2019-2028
Quayside energy market Segmentation by facility (Shipside and Shoreside); by component (transformer, frequency converter, switchgear, cable and accessories, and others); per output power ( 60 MVA) – Global demand analysis and outlook for 2030 opportunities
About Research Nester
Research Nester is a one-stop-shop service provider with a customer base in over 50 countries, a leader in strategic market research and consulting with an unbiased and unmatched approach to helping global industry players, conglomerates and executives to their future investment while avoiding future uncertainties. With a ready-made mindset to produce statistical and analytical market research reports, we provide strategic advice so that our clients can make sound business decisions with clarity while strategizing and planning their future needs and succeeding in achieving their future plans. We believe that every business can expand to its new horizon, provided the right direction at the right time is available through strategic minds.
Contact for more information:
Email: [email protected]
US phone: +1 646 586 9123
UK Phone: +44 203 608 5919
For more update follow: – LinkedIn | Twitter | Facebook | Xing