Market Overview:
The global nuclear facility decommissioning market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing number of nuclear power plants across the globe and the subsequent need for their decommissioning. In addition, stringent government regulations pertaining to nuclear safety are also fueling the demand for nuclear facility decommissioning services. The pressurized water reactor (PWR) segment is expected to dominate the global nuclear facility decommissioning market during the forecast period, owing to its widespread use in commercial and military applications. The 100-1000 MW segment is projected to be fastest growing during the forecast period, owingtothe increasing demand for electricity worldwide. S., Canada and Mexico .
Product Definition:
Nuclear facility decommissioning is the process of removing a nuclear facility from service and returning it to a safe and environmentally sound state. The importance of nuclear facility decommissioning is that it ensures that nuclear facilities are safely removed from service and do not pose any environmental or safety risks.
Pressurized Water Reactor Decommissioning:
Pressurized water reactor decommissioning is a process used to safely and completely remove radioactivity from a nuclear facility. PWR or pressurized water reactors are used in various industries such as power generation, desalination plants, oil & gas production, etc. The process of removing radioactive materials from these facilities is called Decommissioning or decommissioning of the plant. This procedure is performed to comply with government regulations and industry standards after the working life of a particular plant has expired.
Boiling Water Reactor Decommissioning:
Boiling water reactor decommissioning and its usage in nuclear facility decommissioning market is a process used to safely remove radioactive material from a nuclear plant. In the boiling water reactors (BWR), the spent fuel is exposed to steam which drives an electric generator that produces electricity. The steam also drives turbines which power the plant’s electrical systems.
The purpose of BWR decommissioning.
Application Insights:
The market is segmented by application into below 100 MW, 100 - 1000 MW and above 1000 MW. The below 100 MW application segment dominated the global nuclear facility decommissioning market in 2017. This can be attributed to the low cost of electricity generation from nuclear power plants and high operating efficiency of such plants. Furthermore, government subsidies for installation of decommissioning fund are also a key factor driving the demand for decontamination services at an early stage in plant life cycle.
The decommissioning cost structure associated with boiling water reactors (BWR) is significantly higher than that of pressurized water reactors (PWR).
Regional Analysis:
The market in the Asia Pacific region is anticipated to grow at a significant rate over the forecast period. The growth of this market can be attributed to increasing nuclear power plant closures and growing demand for electricity generation from renewable sources. In addition, rising awareness regarding radiation safety and stringent government regulations are expected to drive the demand for decommissioning services in this region.
North America accounted for a major share of global revenue owing to early reactor shutdowns due to high levels of radioactive waste generated by these reactors, which is anticipated propel regional growth over the forecast period. Europe also contributed significantly towards global revenue generation as many countries there have already shut down their reactors thus reducing dependence on nuclear power plants, thereby driving regional growth over the projected period.
Growth Factors:
- Increasing government initiatives for nuclear facility decommissioning
- Growing awareness about the benefits of nuclear facility decommissioning
- Rising number of aging nuclear facilities worldwide
- Proliferation of new technologies and services in the market for nuclear facility decommissioning
- Growing demand from developing countries for safe and secure disposal of radioactive waste
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Facility Decommissioning Market Research Report
By Type
Pressurized Water Reactor Decommissioning, Boiling Water Reactor Decommissioning, Others
By Application
Below 100 MW, 100 - 1000 MW, Above 1000 MW
By Companies
Babcock Cavendish Nuclear, James Fisher & Sons PLC, NorthStar Group Services Inc., Fluor Corporation, GE Hitachi Nuclear Services, Studsvik AB, WS Atkins PLC, Enercon Services Inc., Areva S.A., AECOM, Bechtel Group Inc., Westinghouse Electric Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Facility Decommissioning Market Report Segments:
The global Nuclear Facility Decommissioning market is segmented on the basis of:
Types
Pressurized Water Reactor Decommissioning, Boiling Water Reactor Decommissioning, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Below 100 MW, 100 - 1000 MW, Above 1000 MW
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Babcock Cavendish Nuclear
- James Fisher & Sons PLC
- NorthStar Group Services Inc.
- Fluor Corporation
- GE Hitachi Nuclear Services
- Studsvik AB
- WS Atkins PLC
- Enercon Services Inc.
- Areva S.A.
- AECOM
- Bechtel Group Inc.
- Westinghouse Electric Company
Highlights of The Nuclear Facility Decommissioning Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressurized Water Reactor Decommissioning
- Boiling Water Reactor Decommissioning
- Others
- By Application:
- Below 100 MW
- 100 - 1000 MW
- Above 1000 MW
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nuclear Facility Decommissioning Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nuclear facility decommissioning is the process of dismantling a nuclear power plant. This includes removing all radioactive materials from the site, cleaning up any hazardous material that was released, and disposing of the waste in a safe and secure manner.
Some of the major companies in the nuclear facility decommissioning market are Babcock Cavendish Nuclear, James Fisher & Sons PLC, NorthStar Group Services Inc., Fluor Corporation, GE Hitachi Nuclear Services, Studsvik AB, WS Atkins PLC, Enercon Services Inc., Areva S.A., AECOM, Bechtel Group Inc., Westinghouse Electric Company.
The nuclear facility decommissioning market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Facility Decommissioning Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nuclear Facility Decommissioning Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nuclear Facility Decommissioning Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nuclear Facility Decommissioning Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nuclear Facility Decommissioning Market Size & Forecast, 2018-2028
4.5.1 Nuclear Facility Decommissioning Market Size and Y-o-Y Growth
4.5.2 Nuclear Facility Decommissioning Market Absolute $ Opportunity
Chapter 5 Global Nuclear Facility Decommissioning Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nuclear Facility Decommissioning Market Size Forecast by Type
5.2.1 Pressurized Water Reactor Decommissioning
5.2.2 Boiling Water Reactor Decommissioning
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nuclear Facility Decommissioning Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nuclear Facility Decommissioning Market Size Forecast by Applications
6.2.1 Below 100 MW
6.2.2 100 - 1000 MW
6.2.3 Above 1000 MW
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Facility Decommissioning Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nuclear Facility Decommissioning Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nuclear Facility Decommissioning Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Facility Decommissioning Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nuclear Facility Decommissioning Market Size Forecast by Type
9.6.1 Pressurized Water Reactor Decommissioning
9.6.2 Boiling Water Reactor Decommissioning
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nuclear Facility Decommissioning Market Size Forecast by Applications
9.10.1 Below 100 MW
9.10.2 100 - 1000 MW
9.10.3 Above 1000 MW
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nuclear Facility Decommissioning Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Facility Decommissioning Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nuclear Facility Decommissioning Market Size Forecast by Type
10.6.1 Pressurized Water Reactor Decommissioning
10.6.2 Boiling Water Reactor Decommissioning
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nuclear Facility Decommissioning Market Size Forecast by Applications
10.10.1 Below 100 MW
10.10.2 100 - 1000 MW
10.10.3 Above 1000 MW
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nuclear Facility Decommissioning Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Facility Decommissioning Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nuclear Facility Decommissioning Market Size Forecast by Type
11.6.1 Pressurized Water Reactor Decommissioning
11.6.2 Boiling Water Reactor Decommissioning
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nuclear Facility Decommissioning Market Size Forecast by Applications
11.10.1 Below 100 MW
11.10.2 100 - 1000 MW
11.10.3 Above 1000 MW
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nuclear Facility Decommissioning Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Facility Decommissioning Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nuclear Facility Decommissioning Market Size Forecast by Type
12.6.1 Pressurized Water Reactor Decommissioning
12.6.2 Boiling Water Reactor Decommissioning
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nuclear Facility Decommissioning Market Size Forecast by Applications
12.10.1 Below 100 MW
12.10.2 100 - 1000 MW
12.10.3 Above 1000 MW
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nuclear Facility Decommissioning Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Facility Decommissioning Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nuclear Facility Decommissioning Market Size Forecast by Type
13.6.1 Pressurized Water Reactor Decommissioning
13.6.2 Boiling Water Reactor Decommissioning
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nuclear Facility Decommissioning Market Size Forecast by Applications
13.10.1 Below 100 MW
13.10.2 100 - 1000 MW
13.10.3 Above 1000 MW
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nuclear Facility Decommissioning Market: Competitive Dashboard
14.2 Global Nuclear Facility Decommissioning Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Babcock Cavendish Nuclear
14.3.2 James Fisher & Sons PLC
14.3.3 NorthStar Group Services Inc.
14.3.4 Fluor Corporation
14.3.5 GE Hitachi Nuclear Services
14.3.6 Studsvik AB
14.3.7 WS Atkins PLC
14.3.8 Enercon Services Inc.
14.3.9 Areva S.A.
14.3.10 AECOM
14.3.11 Bechtel Group Inc.
14.3.12 Westinghouse Electric Company
