PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1569321
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1569321
Global Nuclear Decommissioning Services Market Size Study, by Reactor Type, by Strategy, and Regional Forecasts 2022-2032
Global Nuclear Decommissioning Services Market was valued at approximately USD 6.05 billion in 2023 and is expected to exhibit a steady growth rate of around 5.1% over the forecast period from 2024 to 2032. The nuclear decommissioning services market plays a pivotal role in ensuring the safe and effective dismantling of nuclear power plants and facilities that have reached the end of their operational life. As the world grapples with aging nuclear infrastructure, the demand for these services is set to expand significantly. The market is driven by the increasing need to decommission reactors safely, manage radioactive waste effectively, and repurpose nuclear sites for other uses. The process is intricate, requiring adherence to strict regulatory standards and meticulous planning to protect public and environmental safety.
The demand for nuclear decommissioning services is further fueled by the aging nuclear facilities globally, with many reactors approaching the end of their service lives. The impending shutdown of these reactors creates a robust market for decommissioning services, as the need for safe dismantling and waste management becomes paramount. Governments and international bodies impose stringent regulations, necessitating comprehensive decommissioning protocols that ensure compliance and protect the environment. Furthermore, the growing public awareness and concern over nuclear safety drive the market's expansion, as societies demand the secure decommissioning of obsolete facilities to prevent environmental contamination. However, the high costs associated with nuclear decommissioning present a significant challenge to market growth. The complex nature of decommissioning activities, combined with the substantial financial resources required, can create hurdles for initiating and completing projects, particularly in regions facing economic instability. Despite these challenges, technological advancements in the field, including the use of robotics and remote handling equipment, offer opportunities for cost-effective and efficient decommissioning processes.
Regionally, Europe dominated the nuclear decommissioning services market in 2023, accounting for a substantial share due to the high number of reactors scheduled for closure. The region's market is also projected to grow steadily, driven by the continuous advancement in decommissioning technologies and strict regulatory frameworks. Meanwhile, North America is expected to exhibit the fastest growth, with several reactors in the U.S. slated for decommissioning in the coming years. Additionally, the Asia-Pacific region is anticipated to witness a rise in market demand as countries like Japan ramp up their decommissioning activities.
Major market players included in this report are:
- 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.
The detailed segments and sub-segment of the market are explained below:
By Reactor Type:
- Pressurized Water Reactor (PWR)
- Boiling Water Reactor (BWR)
- Pressurized Heavy Water Reactor (PHWR)
- Gas Cooled Reactor (GCR)
- Others
By Strategy:
- Immediate Dismantling
- Deferred Dismantling
- Entombment
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Nuclear Decommissioning Services Market Executive Summary
- 1.1. Global Nuclear Decommissioning Services Market Size & Forecast (2022- 2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Reactor Type
- 1.3.2. By Strategy
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Nuclear Decommissioning Services Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Nuclear Decommissioning Services Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Aging Nuclear Facilities
- 3.1.2. Strict Regulatory Requirements
- 3.1.3. Public and Environmental Safety Concerns
- 3.2. Market Challenges
- 3.2.1. High Costs and Funding Challenges
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements
- 3.3.2. Global Expansion and Emerging Markets
Chapter 4. Global Nuclear Decommissioning Services Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Nuclear Decommissioning Services Market Size & Forecasts by Reactor Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Nuclear Decommissioning Services Market: Reactor Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Pressurized Water Reactor (PWR)
- 5.2.2. Boiling Water Reactor (BWR)
- 5.2.3. Pressurized Heavy Water Reactor (PHWR)
- 5.2.4. Gas Cooled Reactor (GCR)
- 5.2.5. Others
Chapter 6. Global Nuclear Decommissioning Services Market Size & Forecasts by Strategy 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Nuclear Decommissioning Services Market: Strategy Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Immediate Dismantling
- 6.2.2. Deferred Dismantling
- 6.2.3. Entombment
Chapter 7. Global Nuclear Decommissioning Services Market Size & Forecasts by Region 2022-2032
- 7.1. North America Nuclear Decommissioning Services Market
- 7.1.1. U.S. Nuclear Decommissioning Services Market
- 7.1.1.1. Reactor Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Strategy breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Nuclear Decommissioning Services Market
- 7.1.1. U.S. Nuclear Decommissioning Services Market
- 7.2. Europe Nuclear Decommissioning Services Market
- 7.2.1. U.K. Nuclear Decommissioning Services Market
- 7.2.2. Germany Nuclear Decommissioning Services Market
- 7.2.3. France Nuclear Decommissioning Services Market
- 7.2.4. Spain Nuclear Decommissioning Services Market
- 7.2.5. Italy Nuclear Decommissioning Services Market
- 7.2.6. Rest of Europe Nuclear Decommissioning Services Market
- 7.3. Asia-Pacific Nuclear Decommissioning Services Market
- 7.3.1. China Nuclear Decommissioning Services Market
- 7.3.2. India Nuclear Decommissioning Services Market
- 7.3.3. Japan Nuclear Decommissioning Services Market
- 7.3.4. Australia Nuclear Decommissioning Services Market
- 7.3.5. South Korea Nuclear Decommissioning Services Market
- 7.3.6. Rest of Asia Pacific Nuclear Decommissioning Services Market
- 7.4. Latin America Nuclear Decommissioning Services Market
- 7.4.1. Brazil Nuclear Decommissioning Services Market
- 7.4.2. Mexico Nuclear Decommissioning Services Market
- 7.4.3. Rest of Latin America Nuclear Decommissioning Services Market
- 7.5. Middle East & Africa Nuclear Decommissioning Services Market
- 7.5.1. Saudi Arabia Nuclear Decommissioning Services Market
- 7.5.2. South Africa Nuclear Decommissioning Services Market
- 7.5.3. Rest of Middle East & Africa Nuclear Decommissioning Services Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Orano Group
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Babcock International Group PLC
- 8.3.3. Westinghouse Electric Company LLC
- 8.3.4. AECOM
- 8.3.5. Studsvik AB
- 8.3.6. Bechtel Corporation
- 8.3.7. GE Hitachi Nuclear Energy
- 8.3.8. Ansaldo Energia
- 8.3.9. Jacobs (CH2M Hill Company Ltd.)
- 8.3.10. Magnox Ltd.
- 8.3.1. Orano Group
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
