The France nuclear power reactor decommissioning market is expected to rise at a CAGR of more than 4% during 2020 – 2025. Factors such as nuclear power reactors reaching operational retirement are likely to drive the France nuclear power reactor decommissioning market. However, the high cost of decommissioning nuclear plants is expected to restrain the France nuclear power reactor decommissioning market.
– Due to being uneconomical compared to other energy sources, the commercial power reactor is expected to be the largest segment and is likely to dominate the France nuclear power reactor decommissioning market.
– The government’s broader energy strategy to reduce French dependence on nuclear energy from supplying 75% of its electricity to about 50% by 2035, is likely to create several opportunities for the France nuclear power reactor decommissioning market in the future.
– Increasing renewable energy installation, which is cheaper and cleaner, is expected to drive the France nuclear power reactor decommissioning market during the forecast period.
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Key Market Trends
Commercial Power Reactor Expected to Dominate the Market
– The commercial power reactors are the nuclear reactors that are mainly used for generating electricity. Most of these reactors are being installed in nuclear power plants. Moreover, increasing renewable energy from solar and wind is much cheaper and cleaner.
– Despite being one of the world’s most nuclear energy-dependent nation, France is now taking its first steps to shift to more renewable energy sources. Fourteen experimental and power reactors are being decommissioned in France. There are well-developed plans for dismantling these, and work is progressing. However, completion awaits the availability of sites for disposing of the high radiating nuclear wastes and the alpha-contaminated graphite from the early gas-cooled reactors.
– In 2019, nuclear power reactors in France generated around 399.4 TWh of electricity, representing approximately 75% of the total energy generation in the country. The country in the past has been very active in developing nuclear technology, particularly reactors and fuel products. As of 2019, almost 17% of France’s electricity came from recycled nuclear fuel.
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