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Nuclear Decommissioning Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Reactor Type; Strategy; Application; Capacity

  • ID: 5129055
  • Report
  • June 2020
  • Region: Global
  • 169 pages
  • The Insight Partners
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FEATURED COMPANIES

  • AECOM
  • Atkins (SNC-Lavalin)
  • EnergySolutions
  • Manafort Brothers Inc.
  • NUVIA Group
  • Orano
  • MORE
The nuclear decommissioning services market was valued at US$ 5.82 billion in 2019 and is projected to reach US$ 9.43 billion by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.

As large number of nuclear power plants are nearing the end of the operational timeline, the operators and the governments are planning to decommission the facilities, which is driving the growth of nuclear decommissioning services market. In the recent scenario, the decommissioning of nuclear facilities is outpacing the construction of newer facilities across the major regions around the globe. According to the World Nuclear Industry Status Report (WNISR), during the mid-2018, 115 nuclear reactors have been decommissioned, and approximately 70% of the world’s nuclear reactors, which accounts to 173 reactors, have been permanently shut down. These statistics showcase the demand for decommissioning services, which is catalyzing the nuclear decommissioning services market. The average lifespan of nuclear power plants across the globe is 30 years; however, with refurbishments, several numbers of facilities continue to operate for another 20-30 years. Owing to the fact that the majority of the governments are inclined toward the construction of newer nuclear facilities with advanced technologies, the focus on decommissioning of older facilities is increasing, which is increasing the involvement of decommissioning service providers in the industry.

Geographically, several countries have laid-down their roadmaps and plan to decommission the nuclear facilities. For instance, in Europe, Germany, Spain, and Belgium are aiming to decommission its ageing nuclear power facilities by mid-2020s-2030s completely. France declared its plans to shut down 14 of 58 nuclear reactors by 2035. The UK is expected to decommission all 15 reactors by 2030. Moreover, in Asia, Japan is expected to shut down its 6 nuclear power plants by 2030, while South Korea has announced its plans to decommissioning 6 of 24 reactors by mid-2020. These figures showcase the demand for decommissioning services, which is anticipated to propel the nuclear decommissioning services market over the years.

AECOM, Ansaldo Energia, Babcock International Group Plc., Betchel Corporation, EnergySolutions, GE Hitachi Nuclear Energy, Onet SA, Orano, Studsvik AB, Westinghouse Electric Company LLC, Sogin S.p.A, Fluor Corporation, Nuvia Limited, Northstar Group Services, Inc., Manafort Brothers Incorporated, and Korea Hydro & Nuclear Power are some of the well-established companies as well as financially balanced players present in the nuclear decommissioning services market.

Over the years, the nuclear decommissioning services market players have been operating manually with a massive workforce. This consumes more time for decommissioning an entire nuclear power plant. Additionally, operating a massive workforce in a nuclear power facility exposes the workforce to the risk of radioactive materials existing at the site. Attributing to these factors, the nuclear decommissioning services market players are focusing on robotic technologies, which are foreseen to pace up the decommissioning activity and also to reduce the cost of the process. This factor is expected to catalyze the nuclear decommissioning services market in the coming years. At present, the cost incurred in decommissioning a nuclear power plant is approximately US$ 3.73 billion annually, which is estimated to surge over the years, the need for advanced technologies is surging among the nuclear decommissioning services market players. Thus, the market is poised to provide numerous profitable business opportunities for the market players during the forecast period.

Impact of COVID-19 Pandemic on Nuclear Decommissioning Services Market

Globally, the COVID-19 outbreak has weakened various activities across industries. However, the energy and power generation industry is also hit hard by the outbreak due to limited manpower and disruption in supply chain of components and services. During this outbreak, several nuclear decommissioning services market players have operated with restricted manpower in various countries; whereas, in several countries, the activity of nuclear decommissioning is put on hold owing to imposition of lockdown measures by respective governments. For instance, the European countries have been exercising termination of nuclear power plant activities, thereby requiring decommissioning services. Several nuclear facilities ended respective operation in 2019 owing to political concerns or reaching end of operational lifecycle. The countries with higher number of COVID-19 cases in the European region include France, Germany, Russia, UK, and Italy. The French nuclear decommissioning services market was hit the hardest attributing to the fact that, the country has terminated its oldest nuclear power plant, such as the Fessenheim nuclear power plant, in early 2020, and is yet to start with decommission activities.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Nuclear Decommissioning Services market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global nuclear decommissioning services market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • AECOM
  • Atkins (SNC-Lavalin)
  • EnergySolutions
  • Manafort Brothers Inc.
  • NUVIA Group
  • Orano
  • MORE
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Nuclear Decommissioning Services Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Additional Customization
4.4.1 Nuclear Decommissioning Services Contracts

5. Nuclear Decommissioning Services Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Accentuating Numbers of Nuclear Power Plant Decommissioning
5.1.2 Europe to Drive the Market Growth
5.2 Market Restraints
5.2.1 Extension of Operating License
5.3 Market Opportunities
5.3.1 Induction of Robotics to Pace Up the Activity
5.4 Future Trends
5.4.1 Increase in Construction of Newer Nuclear Power Plants
5.5 Impact Analysis of Drivers and Restraints

6. Nuclear Decommissioning Services - Global Market Analysis
6.1 Nuclear Decommissioning Services Market Overview
6.2 Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking

7. Nuclear Decommissioning Services Market Analysis - By Reactor Type
7.1 Overview
7.2 Nuclear Decommissioning Services Market Breakdown, by Reactor Type, 2019 & 2027
7.3 Pressurized Water Reactor (PWR)
7.3.1 Overview
7.3.2 Pressurized Water Reactor (PWR): Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Boiling Water Reactor (BWR)
7.4.1 Overview
7.4.2 Boiling Water Reactor (BWR): Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Gas Cooled Reactor (GCR)
7.5.1 Overview
7.5.2 Gas Cooled Reactor (GCR): Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)

8. Nuclear Decommissioning Services Market Analysis - By Strategy
8.1 Overview
8.2 Nuclear Decommissioning Services Market Breakdown, by Strategy, 2019 & 2027
8.3 Immediate Dismantling
8.3.1 Overview
8.3.2 Immediate Dismantling: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Deferred Dismantling
8.4.1 Overview
8.4.2 Deferred Dismantling: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Entombment
8.5.1 Overview
8.5.2 Entombment: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)

9. Nuclear Decommissioning Services Market Analysis - By Application
9.1 Overview
9.2 Nuclear Decommissioning Services Market Breakdown, by Application, 2019 & 2027
9.3 Commercial Power Reactor
9.3.1 Overview
9.3.2 Commercial Power Reactor: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Prototype Reactor
9.4.1 Overview
9.4.2 Prototype Reactor: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million).
9.5 Research Reactor
9.5.1 Overview
9.5.2 Research Reactor: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)

10. Nuclear Decommissioning Services Market Analysis - By Capacity
10.1 Overview
10.2 Nuclear Decommissioning Services Market Breakdown, by Capacity, 2019 & 2027
10.3 Below 100 MW
10.3.1 Overview
10.3.2 Below 100 MW: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
10.4 100 - 1,000 MW
10.4.1 Overview
10.4.2 100 - 1,000 MW: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)
10.5 Above 1,000 MW
10.5.1 Overview
10.5.2 Above 1,000 MW: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (US$ Million)

11. Nuclear Decommissioning Services Market - Geographic Analysis
11.1 Overview
11.2 North America: Nuclear Decommissioning Services Market
11.2.1 North America: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (USD Million)
11.2.2 North America: Nuclear Decommissioning Services Market, By Reactor Type
11.2.3 North America: Nuclear Decommissioning Services Market, By Strategy
11.2.4 North America: Nuclear Decommissioning Services Market, By Application
11.2.5 North America: Nuclear Decommissioning Services Market, By Capacity
11.2.6 North America: Nuclear Decommissioning Services Market, By Country
11.2.6.1 US: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (USD Million)
11.2.6.1.1 US: Nuclear Decommissioning Services Market, By Reactor Type
11.2.6.1.2 US: Nuclear Decommissioning Services Market, By Strategy
11.2.6.1.3 US: Nuclear Decommissioning Services Market, By Application
11.2.6.1.4 US: Nuclear Decommissioning Services Market, By Capacity
11.2.6.2 Canada: Nuclear Decommissioning Services Market - Revenue and Forecast to 2027 (USD Million)
11.2.6.2.1 Canada: Nuclear Decommissioning Services Market, By Reactor Type
11.2.6.2.2 Canada: Nuclear Decommissioning Services Market, By Strategy
11.2.6.2.3 Canada: Nuclear Decommissioning Services Market, By Application
11.2.6.2.4 Canada: Nuclear Decommissioning Services Market, By Capacity
11.3 Europe: Nuclear Decommissioning Services Market
11.3.1 Europe: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.2 Europe: Nuclear Decommissioning Services Market, by Reactor Type
11.3.3 Europe: Nuclear Decommissioning Services Market, by Strategy
11.3.4 Europe: Nuclear Decommissioning Services Market, by Application
11.3.5 Europe: Nuclear Decommissioning Services Market, by Capacity
11.3.6 Europe: Nuclear Decommissioning Services Market, by Key Country
11.3.6.1 UK: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.1.1 UK: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.1.2 UK: Nuclear Decommissioning Services Market, by Strategy
11.3.6.1.3 UK: Nuclear Decommissioning Services Market, by Application
11.3.6.1.4 UK: Nuclear Decommissioning Services Market, by Capacity
11.3.6.2 Germany: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.2.1 Germany: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.2.2 Germany: Nuclear Decommissioning Services Market, by Strategy
11.3.6.2.3 Germany: Nuclear Decommissioning Services Market, by Application
11.3.6.2.4 Germany: Nuclear Decommissioning Services Market, by Capacity
11.3.6.3 France: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.3.1 France: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.3.2 France: Nuclear Decommissioning Services Market, by Strategy
11.3.6.3.3 France: Nuclear Decommissioning Services Market, by Application
11.3.6.3.4 France: Nuclear Decommissioning Services Market, by Capacity
11.3.6.4 Italy: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.4.1 Italy: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.4.2 Italy: Nuclear Decommissioning Services Market, by Strategy
11.3.6.4.3 Italy: Nuclear Decommissioning Services Market, by Application
11.3.6.4.4 Italy: Nuclear Decommissioning Services Market, by Capacity
11.3.6.5 Russia: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.5.1 Russia: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.5.2 Russia: Nuclear Decommissioning Services Market, by Strategy
11.3.6.5.3 Russia: Nuclear Decommissioning Services Market, by Application
11.3.6.5.4 Russia: Nuclear Decommissioning Services Market, by Capacity
11.3.6.6 Rest of Europe: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (USD Million)
11.3.6.6.1 Rest of Europe: Nuclear Decommissioning Services Market, by Reactor Type
11.3.6.6.2 Rest of Europe: Nuclear Decommissioning Services Market, by Strategy
11.3.6.6.3 Rest of Europe: Nuclear Decommissioning Services Market, by Application
11.3.6.6.4 Rest of Europe: Nuclear Decommissioning Services Market, by Capacity
11.4 APAC: Nuclear Decommissioning Services Market
11.4.1 APAC: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.2 APAC: Nuclear Decommissioning Services Market, by Reactor Type
11.4.3 APAC: Nuclear Decommissioning Services Market, by Strategy
11.4.4 APAC: Nuclear Decommissioning Services Market, by Application
11.4.5 APAC: Nuclear Decommissioning Services Market, by Capacity
11.4.6 APAC: Nuclear Decommissioning Services Market, by Key Country
11.4.6.1 China: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.6.1.1 China: Nuclear Decommissioning Services Market, by Reactor Type
11.4.6.1.2 China: Nuclear Decommissioning Services Market, by Strategy
11.4.6.1.3 China: Nuclear Decommissioning Services Market, by Application
11.4.6.1.4 China: Nuclear Decommissioning Services Market, by Capacity
11.4.6.2 Japan: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.6.2.1 Japan: Nuclear Decommissioning Services Market, by Reactor Type
11.4.6.2.2 Japan: Nuclear Decommissioning Services Market, by Strategy
11.4.6.2.3 Japan: Nuclear Decommissioning Services Market, by Application
11.4.6.2.4 Japan: Nuclear Decommissioning Services Market, by Capacity
11.4.6.3 India: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.6.3.1 India: Nuclear Decommissioning Services Market, by Reactor Type
11.4.6.3.2 India: Nuclear Decommissioning Services Market, by Strategy
11.4.6.3.3 India: Nuclear Decommissioning Services Market, by Application
11.4.6.3.4 India: Nuclear Decommissioning Services Market, by Capacity
11.4.6.4 South Korea: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.6.4.1 South Korea: Nuclear Decommissioning Services Market, by Reactor Type
11.4.6.4.2 South Korea: Nuclear Decommissioning Services Market, by Strategy
11.4.6.4.3 South Korea: Nuclear Decommissioning Services Market, by Application
11.4.6.4.4 South Korea: Nuclear Decommissioning Services Market, by Capacity
11.4.6.5 Rest of APAC: Nuclear Decommissioning Services Market - Revenue, and Forecast to 2027 (US$ Million)
11.4.6.5.1 Rest of APAC: Nuclear Decommissioning Services Market, by Reactor Type
11.4.6.5.2 Rest of APAC: Nuclear Decommissioning Services Market, by Strategy
11.4.6.5.3 Rest of APAC: Nuclear Decommissioning Services Market, by Application
11.4.6.5.4 Rest of APAC: Nuclear Decommissioning Services Market, by Capacity
11.5 ROW: Nuclear Decommissioning Services Market
11.5.1.1 Middle East and Africa: Nuclear Decommissioning Services Market
11.5.1.2 South America: Nuclear Decommissioning Services Market

12. Impact of COVID-19 Pandemic on Global Nuclear Decommissioning Services Market
12.1 Overview
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles
14.1 AECOM
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Ansaldo Energia S.p.A.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Babcock International Group PLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Bechtel Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Energy Solutions
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 GE Hitachi Nuclear Energy (GEH)
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Onet SA
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Orano
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Studsvik AB
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Westinghouse Electric Company LLC
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Fluor Corporation
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 NUVIA Group
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Northstar Group Services, Inc.
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 Atkins (SNC-Lavalin)
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
14.15 PreussenElektra GmbH
14.15.1 Key Facts
14.15.2 Business Description
14.15.3 Products and Services
14.15.4 Financial Overview
14.15.5 SWOT Analysis
14.15.6 Key Developments
14.16 NUKEM Technologies
14.16.1 Key Facts
14.16.2 Business Description
14.16.3 Products and Services
14.16.4 Financial Overview
14.16.5 SWOT Analysis
14.16.6 Key Developments
14.17 GNS Gesellschaft für Nuklear-Service GmbH
14.17.1 Key Facts
14.17.2 Business Description
14.17.3 Products and Services
14.17.4 Financial Overview
14.17.5 SWOT Analysis
14.17.6 Key Developments
14.18 Manafort Brothers Inc.
14.18.1 Key Facts
14.18.2 Business Description
14.18.3 Products and Services
14.18.4 Financial Overview
14.18.5 SWOT Analysis
14.18.6 Key Developments
14.19 Sogin S.p.A.
14.19.1 Key Facts
14.19.2 Business Description
14.19.3 Products and Services
14.19.4 Financial Overview
14.19.5 SWOT Analysis
14.19.6 Key Developments
14.20 Korea Hydro & Nuclear Power Co. Ltd.
14.20.1 Key Facts
14.20.2 Business Description
14.20.3 Products and Services
14.20.4 Financial Overview
14.20.5 SWOT Analysis
14.20.6 Key Developments

15. Appendix
15.1 About the Publisher
15.2 Word Index
Note: Product cover images may vary from those shown
3 of 3
  • AECOM
  • Ansaldo Energia S.p.A.
  • Babcock International Group PLC
  • Bechtel Corporation
  • EnergySolutions
  • GE Hitachi Nuclear Energy (GEH)
  • Onet SA
  • Orano
  • Studsvik AB
  • Westinghouse Electric Company LLC
  • Fluor Corporation
  • NUVIA Group
  • Northstar Group Services, Inc.
  • Atkins (SNC-Lavalin)
  • PreussenElektra GmbH
  • NUKEM Technologies
  • GNS Gesellschaft für Nuklear-Service GmbH
  • Manafort Brothers Inc.
  • Sogin S.p.A.
  • Korea Hydro & Nuclear Power Co. Ltd.
Note: Product cover images may vary from those shown
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