Product Code: SR112023A5747
Market Overview:
The global nuclear decommissioning market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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. Our 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, Electricite 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?
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 Electricite 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