Summary
Frost & Sullivan values the global PPE market for the nuclear energy industry at $255.6 million in 2021 and projects it will increase at a compound annual growth rate (CAGR) of 1.6% from 2021 to 2026. Protective clothing is the largest product segment, accounting for 48.9% of market revenue. Activities in the nuclear energy industry that contribute the most PPE market revenue are outages and operations and maintenance. Decommissioning a nuclear power plant requires the most sophisticated and highest-value PPE because this is when hazards are the highest. However, decommissioning is low in terms of volume.On the one hand, the nuclear energy industry is growing in some regions, such as Asia and Central–Eastern Europe, with the majority of power plants under construction in China and India. On the other hand, the industry’s growth is relatively stagnant in Western Europe and the Americas. Germany and Great Britain are the main countries trying to reduce their dependence on nuclear energy. These regions are witnessing the construction of only 7 new nuclear power plants.Each country that operates with nuclear energy has its own regulatory standards, although some international organizations work on aligning regulations as much as possible, such as the International Atomic Energy Agency (IAEA) and the International Nuclear Law Association (INLA).
