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Nuclear Decommissioning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 149 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5633362

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 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?

The Global Nuclear Decommissioning Market was estimated to be valued at $6.5 Billion in 2022.

What is the growth rate of the Global Nuclear Decommissioning Market?

The growth rate of the Global Nuclear Decommissioning Market is 5.6%, with an estimated value of $9 Billion by 2028.

What is the forecasted size of the Global Nuclear Decommissioning Market?

The Global Nuclear Decommissioning Market is estimated to be worth $9 Billion by 2028.

Who are the key companies in the Global Nuclear Decommissioning Market?

Key companies in the Global Nuclear Decommissioning Market include Aecom, Babcock International Group PLC, Bechtel Corporation, Électricité de France S.A, EnergySolutions, General Electric Company, James Fisher, Sons plc, Northstar Group Services Inc. and Ontario Power Generation Inc..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Nuclear Decommissioning Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Reactor Type
6.1 Pressurized Water Reactor (PWR)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Boiling Water Reactor (BWR)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Gas Cooled Reactor (GCR)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Strategy
7.1 Deferred Dismantling
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Entombment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Immediate Dismantling
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Capacity
8.1 Upto 800 MW
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 801 MW-1000 MW
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Above 1000 MW
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aecom
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Babcock International Group PLC
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Bechtel Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Électricité de France S.A
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 EnergySolutions
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 General Electric Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 James Fisher and Sons plc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Northstar Group Services Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Ontario Power Generation Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 Orano SA
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Studsvik AB
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Westinghouse Electric Company LLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
List of Tables
Figure 1: Global: Nuclear Decommissioning Market: Major Drivers and Challenges
Figure 2: Global: Nuclear Decommissioning Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Nuclear Decommissioning Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Nuclear Decommissioning Market: Breakup by Reactor Type (in %), 2022
Figure 5: Global: Nuclear Decommissioning Market: Breakup by Strategy (in %), 2022
Figure 6: Global: Nuclear Decommissioning Market: Breakup by Capacity (in %), 2022
Figure 7: Global: Nuclear Decommissioning Market: Breakup by Region (in %), 2022
Figure 8: Global: Nuclear Decommissioning (Pressurized Water Reactor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Nuclear Decommissioning (Pressurized Water Reactor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Nuclear Decommissioning (Boiling Water Reactor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Nuclear Decommissioning (Boiling Water Reactor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Nuclear Decommissioning (Gas Cooled Reactor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Nuclear Decommissioning (Gas Cooled Reactor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Nuclear Decommissioning (Other Reactor Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Nuclear Decommissioning (Other Reactor Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Nuclear Decommissioning (Deferred Dismantling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Nuclear Decommissioning (Deferred Dismantling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Nuclear Decommissioning (Entombment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Nuclear Decommissioning (Entombment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Nuclear Decommissioning (Immediate Dismantling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Nuclear Decommissioning (Immediate Dismantling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Nuclear Decommissioning (Upto 800 MW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Nuclear Decommissioning (Upto 800 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Nuclear Decommissioning (801 MW-1000 MW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Nuclear Decommissioning (801 MW-1000 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Nuclear Decommissioning (Above 1000 MW) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Nuclear Decommissioning (Above 1000 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Nuclear Decommissioning Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Nuclear Decommissioning Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Nuclear Decommissioning Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Nuclear Decommissioning Industry: SWOT Analysis
Figure 78: Global: Nuclear Decommissioning Industry: Value Chain Analysis
Figure 79: Global: Nuclear Decommissioning Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Nuclear Decommissioning Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Nuclear Decommissioning Market Forecast: Breakup by Reactor Type (in Million US$), 2023-2028
Table 3: Global: Nuclear Decommissioning Market Forecast: Breakup by Strategy (in Million US$), 2023-2028
Table 4: Global: Nuclear Decommissioning Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 5: Global: Nuclear Decommissioning Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Nuclear Decommissioning Market: Competitive Structure
Table 7: Global: Nuclear Decommissioning Market: Key Players

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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