27-Apr-2023 | Facts and Factors
According to the Facts and Factors report, the global nuclear decommissioning market size was valued around USD 6,500 million in 2022 and is expected to surpass around USD 9,500 million by 2030 with a compound annual growth rate (CAGR) of roughly/approximately 5.57% between 2023 and 2030 or during the projection/forecast period 2023-2030.
The disaster at Fukushima has revealed the destitution of nuclear power. The Government intends to upgrade and digitize its nuclear decommissioning systems to ensure global stability. Regular reactor inspections and a new strategy can reduce the likelihood of such occurrences. The implementation of strict government restrictions on many low-performance nuclear reactors also affects the development of global demand. For example, WS Atkins plc has announced that it will sign an agreement with Energy Solutions ' Ventures, Goods and Technology division for approximately US$ 318 million— an international nuclear engineering services company. The acquisition is expected to improve nuclear policy and develop a global forum.
Browse the full “Nuclear Decommissioning Market By Type (Boiling Water Reactor (BWR), Pressurized Water Reactor (PWR), and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2023–2030" https://www.fnfresearch.com/nuclear-decommissioning-market-by-type-boiling-water-reactor-1180
Stringent policy regulations are required to upgrade or digitize nuclear facilities, so that the staff involved can recognize and promote changes in reactor infrastructure without delay. This might eventually lead to increased demand for nuclear decommissioning services. The firm's insistence on the use of robots in the field of high-warning radiation is also expected to fuel potential developments in the global market. Acceptance of emerging developments in digitisation of nuclear power plants, however, is one of the key phenomena on the world market. Huge R&D spending could also fuel the future market for nuclear decommissioning services.
The global nuclear decommissioning industry is divided, based on the type of reactors, such as boiling water reactors (BWRs), pressurized water reactors (PWRs), and others. PWRs are currently the most active reactors. North America, followed by Asia Pacific, had the highest PWR sales on the nuclear decommissioning market in 2022. The majority of the decommissioned BWRs are based in North America and Europe. Certain nuclear reactors, including gas-cooled reactors and fast-breeding reactors, are favored primarily in European countries.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 6,500 Million |
Projected Market Size in 2030 |
USD 9,500 Million |
CAGR Growth Rate |
5.57%% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
AECOM, Rosatom, Studsvik, AREVA SA, EDF-Ciden, Westinghouse Electric, NDA, EnergySolutions, Javys, Babcock International Group, and Others. |
Key Segment |
By Type, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
AECOM, Rosatom, Studsvik, AREVA SA, EDF-Ciden, Westinghouse Electric, NDA, EnergySolutions, Javys, Babcock International Group, and Others.
This report segments the bipolar disorder therapeutics market as follows:
By Type Segmentation Analysis
- Boiling Water Reactor (BWR)
- Pressurized Water Reactor (PWR)
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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