Europe Nuclear Reactor Decommissioning Market

Europe Nuclear Reactor Decommissioning Market

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Aamir

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Aamir Ansari

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Fact-checked by :

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Swapnil

Editor :

Swapnil Hedau

The Europe nuclear reactor decommissioning market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 10% during 2023–2031. The growth of the market is attributed to growing sensitivity toward environmental issues.

Decommissioning of a nuclear facility is the procedure in which a nuclear plant is dismantled to the position that it no longer requires actions for protection from hazardous radiation. Decommissioning is a technical and administrative process. It includes progressive demolition and cleaning of radioactive materials from facilities.

Europe Nuclear Decommissioning Market Outlook

Most nuclear power plants are designed to operate for 40 years; however, some nuclear plants have a lifespan of 50 years. Many existing plants are in the process of being upgraded and deploying more advanced infrastructure at these facilities, while some are inclined to be decommissioned and shut.

The use of decommissioning services has been increasing with governments of various countries focusing on ensuring efficient and safe dismantling of nuclear plants and facilities. After the Fukushima incident, some countries have implemented nuclear phase policies.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing awareness about environmental protection is fueling the growth of the market.

  • Rising demand for minimal environmental impact is estimated to positively influence the market growth during the forecast period.

  • Stringent government policies toward sustainable environment and expansion of renewable resources in Europe presents a key driver for the market expansion.

  • Expanding utilization of wind energy to generate inexhaustible power in the nation is a key challenge that can limit the market growth.

  • Wide exploration and availability of engineers to experiment several cost-effective means for development of effective solar energy acts as a key factor offering several growth opportunities for the market.

Scope of the Report

The report on the Europe nuclear reactor decommissioning market includes an assessment of the market, trends, segments, and Geography markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Nuclear Reactor Decommissioning Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Reactor Types (Pressurized Water Reactors, Boiling Water Reactors, Gas Cooled Reactors, and Others), Applications (Commercial Power Reactors, Prototype Power Reactors, and Research Reactors), and Capacities (Below 100 MW, Between 100 - 1000 MW, and Above 1000 MW)

Geography Scope

The UK, Germany, Italy, France, the Netherlands, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Fluor Corporation; GE Hitachi Nuclear Services; James Fisher and Sons PLC; Cavendish Nuclear Ltd, and Electricite de France SA.


Europe Nuclear reactor decommissioning Market Segment Insights

Pressurized water reactors segment is expected to grow at a robust pace

Based on reactor types, the market is segregated into pressurized water reactors, boiling water reactors, gas cooled reactors, and others. The pressurized water reactors segment is anticipated to account for a significant market share during the forecast period. Pressurized water reactors which eventually reflects in the higher construction and decommissioning of these reactors than other reactors.

Research reactors segment is projected to dominate the market

On the basis of applications, the European nuclear reactor decommissioning market is segregated into commercial power reactors, prototype power reactors, and research reactors. The research reactors segment is projected to expand at a considerable CAGR during the forecast period owing to the reduced requirement of research reactors. The shifting of focus from nuclear power has led to a reduction in research activities associated with nuclear technology.

Europe Nuclear Decommissioning Market Applications

Above 1000 MW segment is anticipated to constitute a key market share

In terms of capacities, the market is categorized as below 100 MW, between 100 - 1000 MW, and above 1000 MW. The above 1000 MW segment held a substantial market, and can spur the market over the forecast period for the pre-closure of nuclear power.

France to constitute a considerable market share

In terms of geography, the market is classified as the UK, Germany, Italy, France, the Netherlands, and the Rest of Europe. France is anticipated to account for a significant market share during the forecast period. France is heavily dependent on nuclear power for its electricity generation, and the country has about 58 nuclear power reactors, whose infrastructure’s overall average age is 30 years.

Segments

The Europe nuclear reactor decommissioning market has been segmented on the basis of

Reactor Types

  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Gas Cooled Reactor
  • Others

Applications

  • Commercial Power Reactors
  • Prototype Power Reactors
  • Research Reactors

Capacities

  • Below 100 MW
  • Between 100 - 1000 MW
  • Above 1000 MW

Geography

  • The UK
  • Germany
  • Italy
  • France
  • Netherlands
  • Rest of Europe

Key Players

Competitive Landscape

Key players competing in the Europe nuclear reactor decommissioning market are Fluor Corporation; GE Hitachi Nuclear Services; James Fisher and Sons PLC; Cavendish Nuclear Ltd, and Electricite de France SA.

Europe Nuclear Decommissioning Market key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nuclear Reactor Decommissioning Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Nuclear Reactor Decommissioning Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Nuclear Reactor Decommissioning Market - Supply Chain
  4.5. Global Nuclear Reactor Decommissioning Market Forecast
     4.5.1. Nuclear Reactor Decommissioning Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nuclear Reactor Decommissioning Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Nuclear Reactor Decommissioning Market Absolute $ Opportunity
5. Global Nuclear Reactor Decommissioning Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     5.3.1. Commercial Power Reactors
     5.3.2. Prototype Power Reactors
     5.3.3. Research Reactors
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Nuclear Reactor Decommissioning Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Nuclear Reactor Decommissioning Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
7. North America Nuclear Reactor Decommissioning Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Nuclear Reactor Decommissioning Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     7.4.1. Commercial Power Reactors
     7.4.2. Prototype Power Reactors
     7.4.3. Research Reactors
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
8. Latin America Nuclear Reactor Decommissioning Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Nuclear Reactor Decommissioning Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     8.4.1. Commercial Power Reactors
     8.4.2. Prototype Power Reactors
     8.4.3. Research Reactors
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
9. Europe Nuclear Reactor Decommissioning Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Nuclear Reactor Decommissioning Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     9.4.1. Commercial Power Reactors
     9.4.2. Prototype Power Reactors
     9.4.3. Research Reactors
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
10. Asia Pacific Nuclear Reactor Decommissioning Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Nuclear Reactor Decommissioning Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     10.4.1. Commercial Power Reactors
     10.4.2. Prototype Power Reactors
     10.4.3. Research Reactors
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
11. Middle East & Africa Nuclear Reactor Decommissioning Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Nuclear Reactor Decommissioning Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Nuclear Reactor Decommissioning Market Size and Volume Forecast by Applications
     11.4.1. Commercial Power Reactors
     11.4.2. Prototype Power Reactors
     11.4.3. Research Reactors
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Nuclear Reactor Decommissioning Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Nuclear Reactor Decommissioning Market: Market Share Analysis
  12.2. Nuclear Reactor Decommissioning Distributors and Customers
  12.3. Nuclear Reactor Decommissioning Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. GE Hitachi Nuclear Services
     12.4.2. Cavendish Nuclear Ltd
     12.4.3. Fluor Corporation
     12.4.4. James Fisher and Sons PLC
     12.4.5. Electricite de France SA.

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