As per MRFR Analysis, the Global Nuclear Decommissioning Market was valued at USD 6.8 billion in 2023 and is projected to grow to USD 10.55 billion by 2032, with a CAGR of 4.50% from 2024 to 2032. Key drivers include rising environmental sensitivity and public safety concerns regarding nuclear accidents. The market is segmented by reactor type, with PWR holding the largest share, and by strategy, where Immediate Dismantling is expected to grow rapidly. The Asia-Pacific region is anticipated to experience the fastest growth due to political pressures to shut down reactors.
The nuclear decommissioning market is witnessing significant growth driven by environmental concerns and regulatory pressures.
Key players include GD Energy Services (Spain), AECOM (U.S.), EDF-CIDEN (U.K.), and EnergySolutions (U.S.).
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Increased demand for energy around the world has seen various alternative sources of energy to come up. Increased environmental considerations regarding ozone and greenhouse gases, which result in increased temperatures, have seen renewable sources to penetrate the energy production market.
Further, with nuclear energy present in some particular countries around the world and with the option of generating energy using other sources it will lower the risk of any mishappening using nuclear energy, which has seen the nuclear decommissioning time in these countries.
Additionally, the growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward. Environmental sensitivity refers to the growing awareness of environmental issues. Decommissioning is the process of removing nuclear fuel from a nuclear power plant and assisting in the termination of operating licenses. Therefore, growing sensitivity towards environmental issues is driving the growth of the nuclear power reactor decommissioning market has ensured the nuclear decommissioning market CAGR across the globe in recent years and thus is the another factor driving the growth of the nuclear decommissioning market revenue.
The nuclear decommissioning market segmentation, based on reactor type, includes PWR, BWR, GCR, and others. PWR held the maximum share in the nuclear decommissioning market in 2021. Pressurized water reactors are highly preferred by industry operators due to their high level of stability and easy operations. This segment is also projected to show significant growth during the study period due to its wide use and installation. This will further contribute to the nuclear decommissioning market revenue.
The nuclear decommissioning market data has been bifurcated into Immediate, Deferred Dismantling, and others. The Immediate segment is expected to be the faster-growing segment during the study period, 2022-2030. The immediate dismantling segment will dominate the market for the early phase-out of nuclear power plants in Europe, particularly in Italy and Germany. This implants the positive impacts for the healthier market growth of nuclear decommissioning.
However, the global energy crisis continues to get worst, many nations have come to sense that nuclear power is a crucial component of their overall energy portfolio. As a result of the reduced levels of radiation produced by deferred dismantling in comparison to other ways, this market segment is estimated to experience a great rate of expansion over the period of projection.
Figure 2: Nuclear decommissioning market, by Surgery, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on capacity, the global nuclear decommissioning industry has been segmented into 800MW, 801MW-1000MW, above 1000MW and others. The up to 800MW segment is expected to take over the market in the forecast period for the pre-closure of nuclear power plants the capacities of which are under 800 MW in the European region. However, 801MW-1000MW is held the fastest growing segment in the Nuclear Decommissioning industry.
By Region, the record provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Europe’s nuclear decommissioning market accounted for USD 4.1 billion in 2021 and is expected to show a higher CAGR growth during the forecast period. This is The growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: NUCLEAR DECOMMISSIONING MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Asia-Pacific nuclear decommissioning market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the increase political pressure to shut down nuclear power reactors before they are ready. South Korea and Japan are the nations in the Asia-Pacific region that have recently experienced nuclear decommissioning. Given that nuclear reactors & power plants will soon reach the end of their useful lives, China and India may present opportunities for the nuclear decommissioning business.
The North America nuclear decommissioning market is projected to have notable growth over the forecast period. The presence of many nuclear plants in the region that are going to shut for the safety of the environment and people, constant technological advances, support from the government to phase out nuclear plants, significant expansion, and increasing awareness regarding environmental protection are adding to the global market growth in the region. Further, U.S. nuclear decommissioning market held the largest market share, and the Canada nuclear decommissioning market was the fastest-growing market in that region.
However, strict government regulations may limit the expansion of the market to some extent during the study period.
For instance, the nuclear decommissioning market is larger worldwide with an expansion strategy that includes participation in environmental projects in many regions. The rise of nuclear decommissioning services in Japan and other Asian countries is likely to boost the market in Asia-Pacific during the study period.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the nuclear decommissioning market grow even more. Participants are taking strategic measures to increase their traces worldwide, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the nuclear decommissioning industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global nuclear decommissioning industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. The nuclear decommissioning market major player such as GD Energy Services Spain, AECOM U.S. and others are working to expand the market demand.
Grupo Dominguis Energy Services (GDES) founded in 1932 is an international business group based in Spain with leading in support services for operations, maintenance and decommissioning, surface treatment, logistics, energy efficiency and
AECOM became an independent company formed by the merger of five entities. While our official founding was in 1990, the company is committed to strive for better — be that reducing emissions, creating social value or diversifying our senior leadership and workforce.
For Instance, AECOM Ranked #1 in transportation design, facilities design, green design and environmental engineering by Engineering News-Record in 2022.
April 2022: Westinghouse Electric Company LLC announced the signing of an agreement for the acquisition of U.S.-based BHI Energy, a company providing services in power generation and delivery.
June 2019: AECOM signed an alliance agreement with Japan-based Toshiba Corporation, a multinational conglomerate, to work on nuclear reactor decommissioning in Japan. It aims to offer decommissioning services for nuclear reactors and facilities of Japanese government organizations and commercial power utilities with this partnership.
May 2022: Entergy Corporation shut down its Palisades nuclear plant on Lake Michigan. The nuclear power plant had an 800MW power generation capacity. The fuel was removed from the reactor’s vessel and placed in the spent fuel pool to cool. After the cooling process, the fuel will be taken to the secure independent fuel storage facility on the station property. The company aims to complete decommissioning of the nuclear plant by 2041.
| Attribute/Metric | Details |
| Market Size 2023 | USD 6.8 billion |
| Market Size 2024 | USD 7.07 billion |
| Market Size 2032 | USD 10.55 billion |
| Compound Annual Growth Rate (CAGR) | 4.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Operating Platforms, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | GD Energy ServicesSpain), Enercon Services Inc. (Germany), EDF-CIDEN (U.K.), Nuvia Group (France), EnergySolutions (U.S.), Westinghouse Electric (U.S.), AECOM (U.S.), Studsvik AB (Sweden), Babcock International Group PLC. (U.K.) |
| Key Market Opportunities | Growing adoption of alternative sources of energy like solar power and gas-based |
| Key Market Dynamics | Increasing concerns for public safety Increasing concerns about sustainability, the trend to transition toward renewable energy |
Nuclear Decommissioning Market Highlights:
Frequently Asked Questions (FAQ) :
The nuclear decommissioning market size was valued at USD 6.8 Billion in 2023.
The global market is projected to grow at a CAGR of 4.50% during the forecast period, 2024-2032.
Europe had the largest share in the global market
The key players in the market are GD Energy Services Spain), Enercon Services Inc. (Germany), EDF-CIDEN (U.K.), Nuvia Group (France), Babcock International Group PLC. (U.K.).
The pressurized water reactors (PWR) nuclear decommissioning category dominated the market in 2021.
The immediate dismantling had the largest share in the global market.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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