The nuclear decommissioning service market in Asia-Pacific was valued US$ 1.22 billion in 2019 and is projected to reach US$ 1.80 billion by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027.
The Asia-Pacific (APAC) region comprises a notable number of nuclear facilities, mainly in Japan and South Korea. The Japanese government has expressed its plans to phase out 40–50% of its nuclear facilities over the next decade. China and India, on the other hand, are still maturing in the field of nuclear decommissioning, which holds a promising future for several Asia Pacific nuclear decommissioning services market players in the countries and internationally.
The decommissioning of these plants is set to be executed through 2040. As of 2017, a total of 10 commercial nuclear reactors in the US have been successfully decommissioned, and another 20 US nuclear reactors are currently in different stages of the decommissioning process.
On the other hand, the South Korean government is focusing heavily on developing itself as one of the pioneers in nuclear decommissioning services market players as the government foresees the decommissioning services to be mainstream in the near future. Additionally, the country is phasing out its nuclear power plants year-on-year, which is catalyzing the nuclear decommissioning services market in the country. China and India nuclear decommissioning services market is relatively niche, with less emphasis on decommissioning existing older plants as compared with focus on commissioning newer projects. However, the aging infrastructures are expected to drive the nuclear decommissioning services market in the two countries over the next couple of decades.
The nuclear decommissioning services market in Japan is projected to reach US$ 416.11 million in 2027. According to the World Nuclear Association, Japan is among the leading countries with higher numbers of nuclear power plants. Also, the country ranks top in the list of decommissioning its nuclear power projects. According to the organization, the country has 33 nuclear power plants in operation, 2 new constructions are underway, and 27 projects have been decommissioned, as of March 2020. The country has plans to decommission more numbers of nuclear power plants in the coming years. This factor project lucrative business opportunities for the nuclear-decommissioning services market players to acquire contracts from the Japanese government.Asia-Pacific Nuclear Decommissioning Service Market–Segmentation
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Asia-Pacific Nuclear Decommissioning Service Market, by Reactor Type
- Pressurized Water Reactor
- Boiling Water Reactor
- Gas Cooled Reactor
Asia-Pacific Nuclear Decommissioning Service Market, by Strategy
- Immediate Dismantling
- Deferred Dismantling
- Entombment
Asia-Pacific Nuclear Decommissioning Service Market, by Application
- Commercial Power Reactor
- Prototype Power Reactor
- Research Reactor
Asia-Pacific Nuclear Decommissioning Service Market, by Capacity
- Below 100 MW
- 100 – 1,000 MW
- Above 1,000 MW
Asia-Pacific Nuclear Decommissioning Service Market, by Country
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Asia-Pacific Nuclear Decommissioning Service Market-Companies Mentioned
- AECOM
- Ansaldo Energia S.p.A.
- Babcock International Group PLC
- Bechtel Corporation
- EnergySolutions
- GE Hitachi Nuclear Energy (GEH)
- Orano
- Studsvik AB
- Fluor Corporation
- Korea Hydro & Nuclear Power Co. Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Reactor Type, Strategy, Application, Capacity and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research 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
5. Nuclear Decommissioning Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in total older nuclear infrastructure during the later forecast period
5.2 Market Restraints
5.2.1 Strategic investment to increase the nuclear power plant operational years
5.3 Market Opportunities
5.3.1 Installation of automated solutions including robotics into decommissioning activities
5.4 Future Trends
5.4.1 Significant addition of newer nuclear power plants during the coming years
5.5 Impact Analysis of Drivers and Restraints
6. Nuclear Decommissioning Services – Asia-Pacific 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
7.3.1 Overview
7.3.2 Pressurized Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Boiling Water Reactor
7.4.1 Overview
7.4.2 Boiling Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Gas Cooled Reactor
7.5.1 Overview
7.5.2 Gas Cooled Reactor: 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 – 1,000 MW
10.4.1 Overview
10.4.2 – 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 APAC: Nuclear Decommissioning Services Market
11.1.1 APAC: Nuclear Decommissioning Services Market, By Country
11.1.1.1 China: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.1.1 China: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.1.2 China: Nuclear Decommissioning Services Market, By Strategy
11.1.1.1.3 China: Nuclear Decommissioning Services Market, By Application
11.1.1.1.4 China: Nuclear Decommissioning Services Market, By Capacity
11.1.1.2 Japan: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.2.1 Japan: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.2.2 Japan: Nuclear Decommissioning Services Market, By Strategy
11.1.1.2.3 Japan: Nuclear Decommissioning Services Market, By Application
11.1.1.2.4 Japan: Nuclear Decommissioning Services Market, By Capacity
11.1.1.3 India: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.3.1 India: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.3.2 India: Nuclear Decommissioning Services Market, By Strategy
11.1.1.3.3 India: Nuclear Decommissioning Services Market, By Application
11.1.1.3.4 India: Nuclear Decommissioning Services Market, By Capacity
11.1.1.4 South Korea: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.4.1 South Korea: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.4.2 South Korea: Nuclear Decommissioning Services Market, By Strategy
11.1.1.4.3 South Korea: Nuclear Decommissioning Services Market, By Application
11.1.1.4.4 South Korea: Nuclear Decommissioning Services Market, By Capacity
11.1.1.5 Rest of APAC: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.1.5.1 Rest of APAC: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.5.2 Rest of APAC: Nuclear Decommissioning Services Market, By Strategy
11.1.1.5.3 Rest of APAC: Nuclear Decommissioning Services Market, By Application
11.1.1.5.4 Rest of APAC: Nuclear Decommissioning Services Market, By Capacity
12. Impact of COVID-19 Pandemic on Global Nuclear Decommissioning Services Market
12.1 Overview
12.1.1 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 EnergySolutions
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 Orano
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 Studsvik AB
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 Fluor Corporation
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 Korea Hydro & Nuclear Power Co. Ltd
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
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. China Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 3. China Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 4. China Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027(USD Million)
Table 5. China Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 6. Japan Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 7. Japan Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 8. Japan Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 9. Japan Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 10. India Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 11. India Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 12. India Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 13. India Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 15. South Korea Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 17. South Korea Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of APAC Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 19. Rest of APAC Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 20. Rest of APAC Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 21. Rest of APAC Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Nuclear Decommissioning Services Market Segmentation
Figure 2. Nuclear Decommissioning Services Market Segmentation – By Geography
Figure 3. Asia-Pacific Nuclear Decommissioning Services Market Overview
Figure 4. Asia-Pacific Nuclear Decommissioning Services Market, by Countries
Figure 5. Asia-Pacific Nuclear Decommissioning Services Market, By Reactor Type
Figure 6. Asia-Pacific Nuclear Decommissioning Services Market, By Strategy
Figure 7. Asia-Pacific Nuclear Decommissioning Services Market, By Application
Figure 8. Asia-Pacific Nuclear Decommissioning Services Market, By Capacity
Figure 9. Nuclear Decommissioning Services Market – Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. Nuclear Decommissioning Services Market Impact Analysis of Drivers And Restraints
Figure 12. Asia-Pacific: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 13. Nuclear Decommissioning Services Market Breakdown, by Reactor Type (2019 and 2027)
Figure 14. Pressurized Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027(US$ Million)
Figure 15. Boiling Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027 (US$ Million)
Figure 16. Gas Cooled Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027 (US$ Million)
Figure 17. Nuclear Decommissioning Services Market Breakdown, by Strategy (2019 and 2027)
Figure 18. Immediate Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Deferred Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Entombment: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 21. Nuclear Decommissioning Services Market Breakdown, by Application (2019 and 2027)
Figure 22. Commercial Power Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Prototype Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. Research Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 25. Nuclear Decommissioning Services Market Breakdown, by Capacity (2019 and 2027)
Figure 26. Below 100 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 27. – 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 28. Above 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 29. APAC Nuclear Decommissioning Services Market Revenue Share, By Country (2019 and 2027)
Figure 30. China: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Japan: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. India: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 33. South Korea: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 34. Rest of APAC: Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- AECOM
- Ansaldo Energia S.p.A.
- Babcock International Group PLC
- Bechtel Corporation
- EnergySolutions
- GE Hitachi Nuclear Energy (GEH)
- Orano
- Studsvik AB
- Fluor Corporation
- Korea Hydro & Nuclear Power Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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