Market Overview:
The global nuclear power plants decommissioning solution market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing number of nuclear power plants across the globe and the growing concerns over nuclear waste management. Based on type, the pressurized water reactor decommissioning segment is expected to lead the global nuclear power plants decommissioning solution market during the forecast period. This can be attributed to factors such as aging infrastructure and rising concerns over safety and security issues associated with these reactors. Based on application, below 100 MW segment is projected to lead the global market during 2018-2030 owing its widespread adoption in small-scale reactors globally.
Product Definition:
A nuclear power plant decommissioning solution is a process that helps to safely dismantle and clean up a nuclear power plant after it has been shut down. This type of solution is important because it helps to ensure the safety of workers and the environment. It also helps to minimize the amount of radioactive waste that is created during the decommissioning process.
Pressurized Water Reactor Decommissioning:
PWR (Pressurized Water Reactor) decommissioning is the process of safely removing spent nuclear fuel from a power plant. The process involves two basic steps, namely, safe storage and safe disposal of used fuel. In order to carry out this task effectively several techniques are employed such as water immersion or dry cask storage method for long term storage and then underwater demolition team or air injection extraction methods for short term waste disposal.
Boiling Water Reactor Decommissioning:
The global decommissioning market is expected to witness significant growth over the forecast period owing to increasing nuclear power plant shutdowns and rising radioactive waste management issues. The boiling water reactor (BWR) decommissioning and it's usage in nuclear power plants represents one of the major factors that are expected to drive market growth.
Application Insights:
The market is segmented by application into below 100 MW, 100-1000 MW and above 1000 MW nuclear power plants. The below 100 MW application segment dominated the global industry in terms of revenue share in 2017. This can be attributed to factors such as low cost electricity and operating costs for decommissioning compared to other applications.
The decommissioning solution market for PWRs has been further categorized into plant closure, post-closure care and maintenance, site restoration & remediation, plant relicensing & re-licensing or shutdown decisions based on the licensee's decision regarding reactivation of the units at a different location or whether to continue with NPP construction at all.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period. The growth in this region will be driven by developing economies such as China and India, which are expected to increase their nuclear power plant capacities. In addition, countries such as South Korea and Taiwan have shown interest in building new reactors for meeting growing electricity demand.
China has planned to decommission its last reactor by 2020 which will result in a huge market for nuclear decommissioning solution industry over the next eight years. However, there is no assurance that these plans may not change at later stage due to political reasons or safety concerns regarding storage of radioactive waste products underground resulting into extension of operating life cycle of plants till 2030 or 2030 respectively.
North America accounted for more than 25% share in 2016 owing to early planning and implementation from regulatory side towards closure of old units with higher levelized costs (LC) compared with other regions globally.
Growth Factors:
- Increasing demand for nuclear power plants decommissioning services due to the growing number of aging nuclear reactors across the globe.
- Proliferation of stringent safety and environmental regulations governing the decommissioning process of nuclear power plants, which is expected to drive the demand for Nuclear Power Plants Decommissioning Solution market over the forecast period.
- Rising awareness among plant operators and regulators regarding safe and efficient decommissioning practices is projected to fuel growth of this market in near future.
- Growing investment by public and private organizations in research & development activities for developing innovative technologies for decommissioning process is anticipated to create new opportunities in this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Power Plants Decommissioning Solution 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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Power Plants Decommissioning Solution Market Report Segments:
The global Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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.
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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 power plants decommissioning solution is a process that removes radioactive material from nuclear power plants. The solution includes removing the fuel, debris, and other materials from the plant. It also includes cleaning up the site to make it safe for people and wildlife.
Some of the key players operating in the nuclear power plants decommissioning solution 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 power plants decommissioning solution market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Market Size & Forecast, 2018-2028 4.5.1 Nuclear Power Plants Decommissioning Solution Market Size and Y-o-Y Growth 4.5.2 Nuclear Power Plants Decommissioning Solution Market Absolute $ Opportunity
Chapter 5 Global Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution 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 Power Plants Decommissioning Solution Market: Competitive Dashboard
14.2 Global Nuclear Power Plants Decommissioning Solution 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