Global Nuclear Power Reactor Decommissioning Market Major Players 2024, Forecast To 2033
22 Feb, 2024
The nuclear power reactor decommissioning market has witnessed rapid growth, expanding from $6.39 billion in 2023 to $7.2 billion in 2024, with a CAGR of 12.6%. This growth is linked to aging infrastructure and evolving regulatory landscapes. The market is projected to continue its rapid growth, reaching $11.29 billion by 2028, driven by factors like global energy transition and safety concerns. Key trends include technological innovation and the rise of robotics and automation in decommissioning processes.
Global Nuclear Power Reactor Decommissioning Market Key Driver
The nuclear power reactor decommissioning market is expected to grow as environmental sensitivity increases. Governments, such as Canada and the UK, are focusing on reducing carbon emissions and achieving net-zero emissions. Decommissioning nuclear power plants aligns with environmental goals, driving the growth of the nuclear power reactor decommissioning market.
Get A Free Sample Of The Global Nuclear Power Reactor Decommissioning Market ReportGlobal Nuclear Power Reactor Decommissioning Market Segments
The nuclear power reactor decommissioning market covered in this report is segmented –
1)By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas-cooled Reactor, Liquid Metal Fast Breeder Reactor, Other Reactor Types
2)By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
3)By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the nuclear power reactor decommissioning market in 2023. North America is expected to be the fastest-growing region in the nuclear power reactor decommissioning market share during the forecast period. The regions covered in the nuclear power reactor decommissioning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Nuclear Power Reactor Decommissioning Industry Players
Babcock International Group PLC; GE Hitachi Nuclear Energy LLC; Fluor Corporation; Westinghouse Electric Company; AECOM Technology Corporation; NorthStar Group Services Inc.; Studsvik AB; Bechtel Group Inc.; James Fisher and Sons PLC; Orano Group; WS Atkins PLC; Enercon Services Inc.; Areva S. A.; SNC Lavalin Infrastructure Pvt. Ltd.; Tokyo Electric Power Company Holdings Incorporated; Nuvia Group Ltd.; Jacobs Engineering Group Inc.; NAC International Inc.; Nukem Technologies GmbH; Global Dominion Access S. A.; Holtec International Inc.; EnergySolutions LLC; Deep Isolation Inc.; Waste Control Specialists LLC; Empresa Nacional de Residuos Radiactivos S. A.; Ansaldo Nucleare S. p. A; Rosatom State Nuclear Energy Corporation; Sellafield Ltd.; GNS Gesellschaft für Nuklear-Service mbH; Sogin S. p. A.
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Nuclear Power Reactor Decommissioning Market Overview
Nuclear power reactor decommissioning refers to the process of retiring nuclear power reactors from service and terminating the regulatory commission's operating licenses. It helps in dismantling the plant and restoring the site to an agreed end-state ready for some form of re-use.
Nuclear Power Reactor Decommissioning Global Market Report 2023 provides data on the global nuclear power reactor decommissioning market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The nuclear power reactor decommissioning market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.