The global market for Nuclear Decommissioning Services is estimated at US$6.7 Billion in 2023 and is projected to reach US$10.1 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the nuclear decommissioning services market is driven by several factors, including the global increase in the number of end-of-life nuclear reactors needing decommissioning, heightened environmental awareness, and advancements in decommissioning technologies. The rising public and governmental concern about nuclear safety, especially after incidents like Fukushima, has led to more stringent regulations worldwide, which in turn push for more proactive decommissioning strategies. Economic considerations also play a crucial role, as many nations find the operation of older nuclear plants increasingly unsustainable financially compared to alternative energy sources.
Additionally, technical innovations that reduce the cost and enhance the safety of decommissioning activities encourage more frequent and earlier decommissioning decisions. Lastly, the development of expertise and capacity within the decommissioning services sector itself - characterized by a growing number of specialists and firms dedicated to nuclear cleanup - supports market expansion, ensuring that the decommissioning of nuclear facilities is carried out effectively and responsibly.
The growth in the nuclear decommissioning services market is driven by several factors, including the global increase in the number of end-of-life nuclear reactors needing decommissioning, heightened environmental awareness, and advancements in decommissioning technologies. The rising public and governmental concern about nuclear safety, especially after incidents like Fukushima, has led to more stringent regulations worldwide, which in turn push for more proactive decommissioning strategies. Economic considerations also play a crucial role, as many nations find the operation of older nuclear plants increasingly unsustainable financially compared to alternative energy sources.
Additionally, technical innovations that reduce the cost and enhance the safety of decommissioning activities encourage more frequent and earlier decommissioning decisions. Lastly, the development of expertise and capacity within the decommissioning services sector itself - characterized by a growing number of specialists and firms dedicated to nuclear cleanup - supports market expansion, ensuring that the decommissioning of nuclear facilities is carried out effectively and responsibly.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Nuclear Decommissioning Services for Upto 800 MW Capacity Plants segment, which is expected to reach US$6.6 Billion by 2030 with a CAGR of a 6.5%. The Nuclear Decommissioning Services for 801 MW & Above Capacity Plants segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.9 Billion in 2023, and China, forecasted to grow at an impressive 5.8% CAGR to reach $1.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Nuclear Decommissioning Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Nuclear Decommissioning Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Nuclear Decommissioning Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Toshiba Corporation, Babcock International Group PLC, SNC-Lavalin Group, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 38 Featured):
- Toshiba Corporation
- Babcock International Group PLC
- SNC-Lavalin Group, Inc.
- Jacobs Engineering Group Inc.
- Korea Hydro & Nuclear Power Co., Ltd.
- Toshiba Energy Systems & Solutions Corporation
- Bechtel Corporation
- PreussenElektra GmbH
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Toshiba Corporation
- Babcock International Group PLC
- SNC-Lavalin Group, Inc.
- Jacobs Engineering Group Inc.
- Korea Hydro & Nuclear Power Co., Ltd.
- Toshiba Energy Systems & Solutions Corporation
- Bechtel Corporation
- PreussenElektra GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 320 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 10.1 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
