Global Nuclear Decommissioning Market – Size, Outlook, Trends, and Forecast (2024 – 2032)

Nuclear Decommissioning is the process in which a nuclear facility is dismantled to the point that it no longer requires measures for radiation protection. The presence of radioactive material entails processes that are potentially occupationally hazardous, expensive, time-intensive, and present environmental risks that must be addressed to ensure radioactive materials are either transported elsewhere for storage or stored on-site in a safe manner.

Global Nuclear Decommissioning Market Segments Size & Growth:

Global Nuclear Decommissioning Market size is projected to reach approximately $9.30 billion by the end of 2024 with a CAGR of close to 12.4% from $4.95 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include public opposition towards nuclear power, the growth of renewables, nuclear reactors reaching operational retirement, and accidents and rising political pressure for pre-closure. However, high-risk of environmental and human sabotage during decommissioning, long project life and high investment costs in decommissioning projects are thereby hampering the market growth.

Global Nuclear Decommissioning Market Segments Share:

Global Nuclear Decommissioning Market is categorised into reactor type which comprises pressurized water reactor, pressurised heavy water reactor, boiling water reactor, high-temperature gas-cooled reactor, and liquid metal fast breeder reactor. Among them, boiling water reactor segment holds the most significant share. By decommissioning strategy, the market is segmented into immediate dismantling, deferred dismantling, and entombment. Among them, dismantling segment holds the most significant share. By Capacity, the market is segmented into below 100 MW, 100 – 1000 MW, and above 1000 MW. By application, the market is segmented into commercial power reactors, prototype power reactors, and research reactors. By Geography, Europe is projected to dominate the market, owing to factors such as government commitment and stringent regulations to phase out nuclear power plants.

Global Nuclear Decommissioning Market Trends:

• ACTUS, a joint venture of AMEC, Jacobs Engineering Group Inc, Costain and Babcock, has been awarded a contract worth up to £67 million over four years, by Magnox Limited.
• Hazard reduction at Magnox’s Wylfa Site on Anglesey has reached a significant milestone, with more than half of the used nuclear fuel now emptied from its reactors.

Global Nuclear Decommissioning Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities b an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

• AECOM
• Orano Energy company
• Babcock International Corporation
• Bechtel Nuclear Decontamination & Decommissioning
• CH2M HILL