Nuclear Decommissioning Services Market Size, Share, Trends, Growth and Forecast 2032

Nuclear Decommissioning Services Market Insights

As per the published report by Market Research Store, the global Nuclear Decommissioning Services Market size was estimated at USD 6.35 Billion in 2023 and is anticipated to reach USD 10.19 Billion by 2032, growing at a projected CAGR of 5.4%. The report provides a detailed analysis of the global market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

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Global Nuclear Decommissioning Services Market: Overview

The Fukushima incident divulges the helplessness of the nuclear power. The government needs to update and digitize the nuclear decommissioning services in order to ensure the safety of the world. The regular inspections of the reactor and new strategy may reduce the chances of such occurrences. The introduction of stringent government regulations on several low performer nuclear reactors is also impacting the global market growth. For instance, WS Atkins plc announced to sign an agreement for an estimated value of US$318 Million with the Projects, Products and Technology segment of EnergySolutions—an international nuclear engineering services business. This acquisition is anticipated to boost nuclear strategy and build a global platform.

Global Nuclear Decommissioning Services Market: Segmentation

On the basis of type, the global nuclear decommissioning services market is segmented as boiling water reactor (BWR), pressurized water reactor (PWR), light water graphite reactor (LWGR), gas-cooled reactors (GCR), and the pressurized heavy-water reactor (PHWR). Of these, the pressurized water reactor (PWR) is the leading type segment in the global nuclear decommissioning market accounting for the highest market share.

Based on the capacity, the nuclear decommissioning market is categorized as up to 800 MW, 801 MW-1,000 MW, and above 1,000 MW. Further, the global market is divided on the basis of strategy as entombment, immediate dismantling, and deferred dismantling.

Global Nuclear Decommissioning Services Market: Growth Factors

Strict government rules are needed to upgrade or for digitization of the nuclear services, so that changes in the reactor properties can be highlighted and assisted to concerned personnel without delay. This may drive the nuclear decommissioning services market growth in future. The company focus to use robots in the high alert radiation area is also anticipated to boost the global market growth in future. However, nuclear plants adopting new innovation in digitization is one of the major tractions in the global market. Large investment on R&D may also fuel the market for nuclear decommissioning services future.

Nuclear Decommissioning Services Market: Report Scope

Global Nuclear Decommissioning Services Market: Regional Analysis

North America is a prominent market for the nuclear decommissioning market showing significant growth. On the other hand, strict government regulations may restrain the market growth to some extent. Europe is the second largest region for the nuclear decommissioning services followed by the North America, which is anticipated to witness further growth in the global market in this region. However, Asia Pacific is showing robust growth in the nuclear decommissioning services market owing to growing number of nuclear plants in South Korea and Japan.

Global Nuclear Decommissioning Services Market: Competitive Players

Some of the leading players in the global nuclear decommissioning services market are:

• Rosatom
• AECOM
• Studsvik
• EDF-Ciden
• AREVA SA
• Westinghouse Electric
• Javys
• EnergySolutions
• Babcock International Group
• NDA
• Nuvia
• Enresa.

The global Nuclear Decommissioning Services Market is segmented as follows:  

By Type 

• boiling water reactor (BWR) 
• pressurized water reactor (PWR)
• light water graphite reactor (LWGR) 
• gas-cooled reactors (GCR) 
• and the pressurized heavy-water reactor (PHWR)

By Capacity 

• up to 800 MW
• 801 MW-1,000 MW
• above 1,000 MW

Global Nuclear Decommissioning Services Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market

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