The Nuclear Decommissioning Market is expected to grow at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2033, from a projected value of USD 5,700 million in 2022 to USD 14,495 million.
The worldwide overview of market shares, size, data, trends, demand, revenue, and growth prospects by major companies, regions, and nations is provided by the nuclear decommissioning market study. This research provides a thorough market analysis covering the previous, current, and projected periods up to 2033, aiding in the identification of potential future possibilities, risk factors, and growth areas. The report provides a concise strategy for market growth over the forecast period by highlighting current advancements, technical innovations, market impacting variables, demographic study, demand, and supply chain. Additionally, it provides thorough explanations of PESTLE and SWOT analysis based on regional and industry segmentations.
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Market Analysis
A move to renewable energy sources and the increasing closing of older nuclear reactors worldwide are driving the global market for nuclear decommissioning services. Governments actively encourage the decommissioning industry, which contributes to market expansion, driven by post-nuclear accidents. Safety concerns are heightened by mounting public and political pressure to phase out nuclear power, particularly in Europe and North America. Because of this increased knowledge, industry stakeholders and regulatory agencies are prioritizing the safe and effective dismantling of nuclear sites, which is driving up demand for nuclear decommissioning services. The industry is also supported by a worldwide dedication to environmental sustainability, which fuels the expansion of nuclear decommissioning services by increasing demand for greener energy options.
Market Competitive Outlook
Areva NP (France), Babcock International Group (UK), Bechtel Corporation (US), BWX Technologies (US), CH2M HILL (US), Fluor Corporation (US), GE Hitachi Nuclear Energy (US), Jacobs Engineering Group (US), Kurion (US), Nuvia (US), Studsvik AB (Sweden), Westinghouse Electric Company (US)
Market Segmental Analysis
By Application
Commercial Nuclear Power Plants
Research and Experimental Reactors
Nuclear Fuel Production Facilities
Others
By Services
Consulting and Planning
Decontamination and Dismantling
Waste Management and Disposal
Site Remediation
Project Management and Engineering
Others
By End User
Government and Regulatory Bodies
Decommissioning Service Providers
Nuclear Power Plant Operators
Research Institutions and Laboratories
Others
By Capacity
Small Reactors (Below 100 MW)
Medium Reactors (100 MW – 500 MW)
Large Reactors (Above 500 MW)
By Type
Pressurized Water Reactors (PWR)
Boiling Water Reactors (BWR)
Gas Cooled Reactors (GCR)
Heavy Water Reactors (HWR)
Fast Breeder Reactors (FBR)
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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Report Scope
To get current industry data, market intelligence, and government laws, primary and secondary research is conducted. Manufacturers, distributors, end users, trade groups, government industry bureaus, trade journals, industry experts, third-party databases, and our own databases were among the sources from which data were gathered for the Nuclear Decommissioning project. The study offers a comprehensive overview of the nuclear decommissioning market, covering all its crucial aspects, by combining in-depth quantitative and qualitative analysis. It goes from a macro-overview of the market’s size, industry chain, and dynamics to micro details of each segment by type, application, and region.
Frequently Asked Questions
- What is the size and CAGR of Nuclear Decommissioning Market?
- Which are the key companies operating within the market?
- What is the market share of Asia Pacific within the nuclear decommissioning market?
- How many nuclear power plants has been decommissioned in 2022?
