Quick Summary:
As the landscape of power generation evolves, the significance of nuclear decommissioning is increasing rapidly, as evidenced by the growth of the global nuclear decommissioning market. With the number of aging nuclear facilities escalating worldwide, the need to safely disable these sites is paramount. This practice of eliminating radiological risks and minimizing nuclear energy mishaps can be an essential investment for meeting regulatory requirements and protecting communities from potential harmful exposure.
Nuclear decommissioning is meticulously executed, involving the cleanup of radioactive substances, and safely shipping hazardous materials. It is applied especially in aged commercial nuclear facilities after extensive planning and characterization of radioactive elements. Demand is driven by a rising number of power-generation plants reaching their end life cycles and escalating environmental concerns promoting the switch to renewable sources. The expanding offerings of nuclear decommissioning services and growth in related industries, such as steel recycling units that utilize radioactive materials, are also contributing to the burgeoning market.
The global nuclear decommissioning market size reached US$ 6.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Nuclear decommissioning refers to an administrative and technical procedure wherein the progressive demolition of nuclear facilities is executed to the point that it no longer requires radiation protection measures. It involves cleanup of radioactive substances, followed by dismantling of contaminated materials from the plants and safer shipping of hazardous components as some of the standard methods. Nuclear decommissioning aids in eliminating radiological risks and minimizing nuclear energy mishappenings. Consequently, the process is extensively implemented in commercial nuclear power facilities post intensive planning, characterization of radioactive elements, and release of nuclear facilities. Currently, it is categorized into immediate, safe enclosure and entombment nuclear decommissioning service types.
Nuclear decommissioning refers to an administrative and technical procedure wherein the progressive demolition of nuclear facilities is executed to the point that it no longer requires radiation protection measures. It involves cleanup of radioactive substances, followed by dismantling of contaminated materials from the plants and safer shipping of hazardous components as some of the standard methods. Nuclear decommissioning aids in eliminating radiological risks and minimizing nuclear energy mishappenings. Consequently, the process is extensively implemented in commercial nuclear power facilities post intensive planning, characterization of radioactive elements, and release of nuclear facilities. Currently, it is categorized into immediate, safe enclosure and entombment nuclear decommissioning service types.
Nuclear Decommissioning Market Trends:
One of the key factors driving the nuclear decommissioning market is the growing number of nuclear power-generation plants reaching their end lifecycles. This is further supported by the increasing concerns about public safety owing to the hazardous effects of nuclear accidents. Moreover, escalating environmental concerns have prompted the uptake of renewable power generation sources, such as wind and solar, which has further supplemented the usage of nuclear decommissioning to inhibit the pollution and soil erosion caused by radioactive particles. Additionally, the emergence of various organizations providing multiple nuclear-decommissioning services, such as dismantling, concepts, post-operational phase, waste package assessment, accompanying support, and decommissioning reports, is contributing to the market growth. Besides this, the establishment of steel recycling units that utilize radioactive materials to dismantle steel components is propelling the market growth. Other factors, such as rapid industrialization, growing instances of nuclear accidents, and ongoing investments in research and development (R&D) activities to introduce novel technologies are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global nuclear decommissioning market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on reactor type, strategy and capacity.Breakup by Reactor Type:
- Pressurized Water Reactor (PWR)
- Boiling Water Reactor (BWR)
- Gas Cooled Reactor (GCR)
- Others
Breakup by Strategy:
- Deferred Dismantling
- Entombment
- Immediate Dismantling
Breakup by Capacity:
- Upto 800 MW
- 801 MW-1000 MW
- Above 1000 MW
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aecom, Babcock International Group PLC, Bechtel Corporation, Électricité de France S.A, EnergySolutions, General Electric Company, James Fisher and Sons plc, Northstar Group Services Inc., Ontario Power Generation Inc., Orano SA, Studsvik AB and Westinghouse Electric Company LLC.Key Questions Answered in This Report:
- How has the global nuclear decommissioning market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global nuclear decommissioning market?
- What are the key regional markets?
- What is the breakup of the market based on the reactor type?
- What is the breakup of the market based on the strategy?
- What is the breakup of the market based on the capacity?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global nuclear decommissioning market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Nuclear Decommissioning Market
What is the estimated value of the Global Nuclear Decommissioning Market?
What is the growth rate of the Global Nuclear Decommissioning Market?
What is the forecasted size of the Global Nuclear Decommissioning Market?
Who are the key companies in the Global Nuclear Decommissioning Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6.5 Billion |
| Forecasted Market Value ( USD | $ 9 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Nuclear Decommissioning Market
6 Market Breakup by Reactor Type
7 Market Breakup by Strategy
8 Market Breakup by Capacity
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Tables
List of Tables
Companies Mentioned
- Aecom
- Babcock International Group PLC
- Bechtel Corporation
- Électricité de France S.A
- EnergySolutions
- General Electric Company
- James Fisher
- Sons plc
- Northstar Group Services Inc.
- Ontario Power Generation Inc.
- Orano SA
- Stud
Methodology
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