Nuclear decommissioning services market size, nuclear decommissioning services market trends, nuclear decommissioning services market forecast, nuclear decommissioning services market share, nuclear decommissioning services market insights, nuclear decommissioning services market overview
What is the Growth Forecast for the Nuclear Decommissioning Services Market?
The nuclear decommissioning services market has grown rapidly in recent years, escalating from $8.31 billion in 2024 to $9.84 billion in 2025 at a compelling compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to shifting public awareness and perception, escalating industry experience and expertise, government policies and funding, global nuclear energy fluctuations, and economic factors.
The nuclear decommissioning services market size is set to see powerful growth in the forthcoming years, predicted to bolster to $13.2 billion by 2029 at a CAGR of 7.6%. The growth can be associated with substantial factors such as legacy site remediation, risk management, environmental concerns and remediation, waste management solutions, and human capital and expertise. Major forecasts include aging nuclear facilities, stringent regulatory standards, cost-effective solutions, complexity of decommissioning, and public safety concerns.
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What are the Driving Elements for the Nuclear Decommissioning Services Market?
The rising adoption of renewable sources of energy significantly contributes to the growth of the nuclear decommissioning services market. Renewable energy, derived from swiftly replenishing natural resources, is gaining traction in response to the confluence of factors such as natural resource depletion, escalating fuel prices, increasing pollution, and high carbon levels. When contrasted with nuclear energy, which is a non-renewable source, nuclear decommissioning services safely decommission these nuclear power plants and make them available for alternate uses.
For example, the International Energy Agency reports that the global renewable power capacity is expected to grow by 2,400 GW during the period of 2022-2027- a striking 30% increase above the previous year’s prediction. Renewables are set to account for over 90% of the global electricity expansion over the next half -decade, overtaking coal as the largest source of global electricity by early 2025.
How is the Nuclear Decommissioning Services Market Segmented?
The market is segmented as follows:
– By Type: Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Gas Cooled Reactor (GCR), Other Types
– By Capacity: Up to 800 MW, 800 MW-1000 MW, Above 1000 MW
– By Application: Immediate Dismantling, Deferred Dismantling, Entombment
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Which Companies are Dominating the Nuclear Decommissioning Services Market?
Major market players include AECOM Technology Corporation, Babcock International Group PLC, Westinghouse Electric Company LLC, Studsvik AB, NUVIA Group, Onet Technologies SAS, Sogin SpA, GE Hitachi Nuclear Energy, Bechtel Group Inc., KDC Contractors Limited, EnergySolutions Inc., Ansaldo Nuclear Engineering Services Limited, GD Energy Services Ltd., Orana Group, NorthStar Group Services Inc., James Fisher & Sons PLC, BWX Technologies Inc., Cavendish Nuclear Ltd., Jacobs Engineering Group Inc., Dominion Energy Inc., E.ON SE, EDF Energy Holdings Limited, Exelon Corporation, Fluor Corporation, Holtec International Corp., Magnox Ltd., NAC International Inc., NUKEM Technologies GmbH, Ontario Power Generation Inc.
What Emerging Trends are Visible in the Nuclear Decommissioning Services Market?
Product innovation, especially digitalization and advanced technologies in nuclear decommissioning services are becoming increasingly popular. These includes technologies like resilient visual imagining systems and robotic arms to reach areas that are inaccessible to humans. In 2024, the International Atomic Energy Agency launched a Coordinated Research Project called “Efficient Decommissioning of Nuclear Facilities (DEDICATE)” that focuses on using emerging technologies to improve efficiency and effectiveness.
Which Region Leads in the Nuclear Decommissioning Services Market?
In 2024, Europe was the largest region in the nuclear decommissioning services market. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Insights Does the Nuclear Decommissioning Services Market Report 2025 Offer?
The nuclear decommissioning service is the administrative and technical process of decommissioning, cleaning, and demolishing a nuclear power plant at the end of its life. This process is essential for ensuring long-term safety of people and the environment. The Nuclear Decommissioning Services Market research report from The Business Research Company provides critical information including global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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