Nuclear Decommissioning Services Market Size, Growth, Trends | Report 2022-2030
The global nuclear decommissioning services market was surpassed at USD 6.1 billion in 2021 and is expected to hit around USD 9.67 billion by 2030, growing at a CAGR of 5.25% from 2022 to 2030
Global nuclear phase-out and rising support from government’s post-nuclear accidents are among the major factors expected to fuel market growth in upcoming years.
The rise in public safety concerns due to hazardous consequences of nuclear accidents is set to actuate market demand in the coming years. In addition, increasing sustainability concerns are likely to positively impact market growth. The transitioning trend toward renewable energy, owing to various government initiatives and regulations is also projected to promote nuclear decommissioning services throughout the forecast period. Due to the Covid-19, the nuclear sector faced a few challenges such as unavailability of the workers, restrictions on the number of on-site workers, and disruption in supply chains.
With extensive research and development underway, various novel decommissioning technologies to enable the efficient dismantling of nuclear facilities have been developed. Furthermore, in order to enable sustainable development, government authorities are providing various incentives and support schemes for the efficient dismantling of nuclear plants.
Based on reactor type, Pressurized Water Reactors (PWR) grabbed the maximum share in the global market in 2021 and this trend is expected to continue during the forecast period. Increasing demand for PWRs, due to their ease of operation and stability features, the segment is expected to register a strong growth rate from 2022 to 2030. Based on the decommissioning strategy, the immediate dismantling segment accounted for the largest share of 43.7% in 2021 and it is expected to maintain its position throughout the forecast period.
Europe has emerged as the leading region owing to the increasing shut down of nuclear facilities in various countries such as Germany, U.K., France, and Lithuania. The presence of stringent government regulations in Europe to regulate dismantling processes is anticipated to propel market growth. Technological advancements and government support to phase out nuclear plants are likely to fuel the market in North America. Countries like the U.S., Germany, Japan, and South Korea are rapidly developing markets for nuclear decommissioning services.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 6.1 billion |
| Revenue Forecast by 2030 | USD 9.67 billion |
| Growth rate from 2022 to 2030 | CAGR of 5.25% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Reactor type, strategy, region |
| Companies Covered | Orano Group; Babcock International Group PLC; Westinghouse Electric Company LLC; AECOM; Studsvik AB; Bechtel Corporation; GE Hitachi Nuclear Energy; Ansaldo Energia; Jacobs (CH2M Hill Company Ltd.); Magnox Ltd. |
Reactor Type Insights
Nuclear reactors can be categorized into two key types: water-cooled reactors and gas-cooled reactors. Water-cooled reactors include pressurized water reactors (PWR), pressurized heavy water reactors, and boiling water reactors. Pressurized water reactors held the maximum share in the global nuclear decommissioning services market in 2021.
PWRs are highly preferred by industry operators due to the factors such as a high level of stability and ease of operation. This segment is also projected to exhibit the strongest growth rate during the forecast period due to its widespread use and installation.
Strategy Insights
Decommissioning of nuclear facilities can be done in various ways, including immediate dismantling, deferred dismantling or safe enclosure, and entombment. These methods have their own merits and demerits. However, with the rise in the global shutdown of nuclear reactors, especially in Europe, the immediate dismantling of reactors soon after the shutdown has dominated the market.
However, with the growing energy crisis across the globe, the key nations have realized the importance of nuclear power in their energy portfolio and are, therefore, extending the lifespan of the reactors. Deferred dismantling is thus expected to be the fastest-growing segment during the forecast period due to reduced levels of radiation as compared to other methods.
The entombment strategy calls for the nuclear plant to be entombed forever. This is a much faster and more economical strategy in comparison to the other two. However, most industry operators have not yet accepted this strategy due to the environmental as well as other public concerns.
Regional Insights
Europe accounted for the largest share of 47.0% in the nuclear decommissioning services market in 2021. It is also likely to be the second-fastest-growing region after North America, with a CAGR of 5.3% during the forecast period. It was valued at USD 2.84 billion in 2021 and is anticipated to be valued at USD 4.49 billion by 2030.
The market in North America was valued at USD 1.78 billion in 2021 and the region is anticipated to register the fastest growth of 5.5% during the forecast period. The U.S., which is a major market in the region, is likely to witness the shutdown of several reactors by 2025. The rise of nuclear decommissioning services in Japan and other Asian countries is likely to spur the market in Asia-Pacific during the forecast period.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Nuclear Decommissioning Services Market
5.1. COVID-19 Landscape: Nuclear Decommissioning Services Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Nuclear Decommissioning Services Market, By Reactor Type
8.1. Nuclear Decommissioning Services Market, by Reactor Type, 2022-2030
8.1.1. Pressurized Water Reactor (PWR)
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. BoilinReactor Type g Water Reactor (BWR)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Pressurized Heavy Water Reactor (PHWR)
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Gas Cooled Reactor (GCR)
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Nuclear Decommissioning Services Market, By Strategy
9.1. Nuclear Decommissioning Services Market, by Strategy, 2022-2030
9.1.1. Immediate Dismantling
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Deferred Dismantling
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Entombment
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Nuclear Decommissioning Services Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Strategy (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Reactor Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Strategy (2017-2030)
Chapter 11. Company Profiles
11.1. Orano Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Babcock International Group PLC
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Westinghouse Electric Company LLC
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. AECOM
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Studsvik AB
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Bechtel Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Magnox Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers