Global Nuclear Decommissioning Services Market Size, Growth Forecast 2027

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Nuclear Decommissioning Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor); Strategy (Immediate Dismantling, Deferred Dismantling, Entombment); Application (Commercial Power Reactor, Research Power Reactor, Prototype); Capacity (Below 100 MW, 100 - 1,000 MW, Above 1,000 MW)

Publication Month: Jun 2020 | Report Code: TIPRE00010053 | No. of Pages: No. of Pages169 | Category: Manufacturing and Construction | Status: Published

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.

The global nuclear power generation sector is experiencing arise in the numbers of aging infrastructure. At present, several nuclear power facilities are nearing the respective end of the operational lifecycle after generating power for more than three decades. The increase in the number of nuclear power plants that are reaching the phase out period is leading the governments and respective operators to decommission the facilities. This is generating significant demand for decommissioning services, thereby catalyzing the growth of the nuclear decommissioning services market.

During 2018 and 2019, large number of nuclear plants retired in the US, Europe, and APAC. For instance, Oyster Creek Nuclear Generating Station (US), Philippsburg nuclear power plant (Germany), Fessenheim nuclearpower plant (France), and Chinshan Nuclear Power Plant (Taiwan), are among someof the nuclear power plants that were shut down in 2018 and 2019 and are awaiting decommissioning activities. Several governing authorities that are operating in respective regions, such as Nuclear Regulatory Commission (NRC) and International Atomic Energy Agency (IAEA) are emphasizing decommissioning in order to reduce the risk of emission of radioactive material from the nuclear reactor sites. Since decommissioning is the only choice for the governments and operators, the demand for the decommissioning services is always high. Pertaining to this, the nuclear decommissioning services market players are experiencing higher demand for their services, which is boosting the nuclear decommissioning services market.

Impact of COVID-19 Pandemic on Nuclear Decommissioning Services Market

The COVID-19 outbreak across the globe has weakened various activities across industries. The energy and power generation industry is one of the majorly affected sectors by the outbreak of COVID-19, 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 US has shut down its Oyster Creek Nuclear Generating Station in 2018, and San Onofre Nuclear Generating Station in 2016.The decommissioning services are underway at both sites. However, the tremendous outbreak of the COVID-19 has led the government to lockdown the entire country, which is weakening the supply chain. This has had negative impact on the decommissioning activities which is reflecting slowdown in revenue generation in the US nuclear decommissioning services market.

Strategic Insights

Report Coverage - Nuclear Decommissioning Services Market
Report CoverageDetails
Market Size Value inUS$ 5.82 Billion in 2019
Market Size Value byUS$ 9.43Billion by 2027
Growth rateCAGR of 6.3% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages169
No. of Tables67
No. of Charts & Figures63
Historical data availableYes
Segments coveredReactor Type ; Strategy ; Application ; Capacity
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Lucrative Regions for Nuclear Decommissioning Services Market

Lucrative Regions for Nuclear Decommissioning Services Market

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Market Insights

European region continues to drive the overall market growth

The European region has the highest number of nuclear power plants across the globe. Countries such as Germany, France, the UK, and Russia are among the leading countries with a higher number of nuclear power plants. The governments of these countries are increasingly phasing out the nuclear power facilities in recent years owing to the end of the operating license of the facilities. The rising focus toward phasing out nuclear facilities is demanding decommissioning service, which is triggering the growth of the nuclear decommissioning services market. Major European countries have announced their plans to shut down and decommission the complete set up of nuclear power facilities by 2030. Some of the plants to enter the decommissioning phase over the next two years are Fessenheim nuclear power plant (France – 2020), Gundremmingen nuclear plant (Germany – 2021), Brokdorf nuclear power plant (Germany – 2021), Emsland nuclear power plant (Germany – 2022), and among others.

Reactor Type- Market Insights

Based on reactor type, the global nuclear decommissioning services market is segmented into pressurized water reactor, boiling water reactor, and gas cooled reactor. There are several nuclear reactors operating across the world over the years, and several countries in the current scenario are also constructing newer plants. On the contrary, the number of nuclear reactors being shut down or entering into the decommissioning phase is also increasing. The rising number of reactors being phased-out is attracting a significant number of the nuclear decommissioning services market players, which is in turn supporting the growth of the market.

Nuclear Decommissioning Services Market, by Reactor Type – 2019 and 2027

Nuclear Decommissioning Services Market, by Reactor Type – 2019and 2027

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Strategy – Market Insights

The nuclear decommissioning services market players adopt different types of strategies in order to sustain the market competition. The various types of strategies adopted by the nuclear decommissioning services market players are immediate dismantling, deferred dismantling, and entombment. The demand for each strategies is rising in the current scenario, owing to the significant increase in the number of decommission of various nuclear facilities.

Application- Market Insights

Based on application, the nuclear decommissioning services market is segmented into commercial power reactors, prototype power reactors, and research reactors. Several reactors of all the types mentioned above are undergoing decommissioning or already decommissioned. Additionally, the governments of various countries have planned to decommission a higher number of reactors in the coming year.

Capacity - Market Insights

The decommissioning of nuclear power plants is a time-consuming and costly task. However, due to rising environmental concerns related to the emission of radiological substance from the nuclear power plants among the population and governments, the governing authorities spend lump sum amounts on decommissioning of the power plants. The cost and time for decommissioning of nuclear power plants depend upon the capacity of the plant. Thus, based on capacity, the nuclear decommissioning services market is segmented into below 100 MW, 100 – 100 MW, and above 1000 MW.

Market consolidation and business development strategies are the commonly adopted strategies by companies to expand their market reach. AECOM, Ansaldo Energia, Babcock International Group Plc., Betchel Corporation, Energy Solutions, 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., Atkins, Preussen Elektra GmbH, and NUKEM Technologies are among the market players implementing these strategies to enlarge the customer base and gain significant global market share, which in turn permits them maintain their brand name in the global nuclear decommissioning services market.

2020:Ansaldo Nucleare won 10 million Euro Framework Contract awarded by the European Commission. Under this contract, Ansaldo Nucleare stands for around 40% of total value, aiming at an assessment of the nuclear fusion power plant physics and technology system architecture, overall configuration and system engineering processes
2020:Cooperation agreement among Ansaldo Energia, State Power Investment Corporation, Shanghai Electric Group. Under this agreement, the three parties will take benefits of their respective resources and capabilities to carry out pragmatic cooperation in four areas, including, decommissioning and waste, nuclear power market development, R&D design & engineering construction, and operation management & lifecycle service
2019:AECOM signed an agreement with Toshiba for performing nuclear decommissioning services in Japan. The alliance was aimed to offer complete services to the Japanese government organizations and commercial power utilities which plan to decommission their nuclear reactors and nuclear facilities

Nuclear Decommissioning Services Market–By Reactor Type

  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Gas Cooled Reactor

Nuclear Decommissioning Services Market–By Strategy

  • Immediate Dismantling
  • Deferred Dismantling
  • Entombment

Nuclear Decommissioning Services Market–By Application

  • Commercial Power Reactor
  • Prototype Power Reactor
  • Research Reactor

Nuclear Decommissioning Services Market –By Capacity

  • Below100 MW
  • 100– 1,000 MW
  • Above1,000 MW

Nuclear Decommissioning Services Market –By Geography

  • North America

    • US
    • Canada
  • Europe

    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of World

Nuclear Decommissioning Services Market–Company Profiles

  • 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 mbH
  • Manafort Brothers Inc.
  • Sogin S.p.A.
  • Korea Hydro & Nuclear Power Co. Ltd.

The List ofCompanies - Nuclear Decommissioning Services Market

  1. AECOM
  2. AnsaldoEnergia S.p.A.
  3. BabcockInternational Group PLC
  4. BechtelCorporation
  5. EnergySolutions
  6. GEHitachi Nuclear Energy (GEH)
  7. OnetSA
  8. Orano
  9. StudsvikAB
  10. WestinghouseElectric Company LLC
  11. FluorCorporation
  12. NUVIAGroup
  13. NorthstarGroup Services, Inc.
  14. Atkins(SNC-Lavalin)
  15. PreussenElektraGmbH
  16. NUKEMTechnologies
  17. GNSGesellschaft fürNuklear-Service mbH
  18. ManafortBrothers Inc.
  19. SoginS.p.A.
  20. KoreaHydro & Nuclear Power Co. Ltd.
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