Adroit Market Research - Industry Insights
Global Nuclear Decommissioning Market Size 2017, Segmentation By Reactor Type (Boiling Water Reactor (BWR), Pressurized Water Reactor (PWR), Others), By Region (North America, Europe, Asia Pacific, Rest of the World) and Forecasts 2018 – 2027, 2028 – 2037 & 2037 – 2047
Sep 2018
Total Pages: 180
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The global nuclear decommissioning market size exceeded USD 37.0 billion in 2017. The market has been mainly driven by the presence of a large number of shutdown reactors worldwide, aging nuclear power reactors and strong government policies encouraging the utilization of renewable energy over nuclear for power generation. Performance of the nuclear decommissioning industry will be critical for the future of nuclear power generation. Challenges faced by the nuclear decommissioning industry have been significant, spanning technical, financial, social and political issues.
_1.png "Global Nuclear Decommissioning Market Size, 2016-2027, (USD Billion)")
U.S. holds a significant position in the global nuclear decommissioning market. The U.S. nuclear decommissioning market size ranged from USD 10 billion to USD 20 billion in 2016. Rising acquisition activities among leading players are expected to boost the U.S. nuclear decommissioning market size by the end of 2027.
According to the Institute of Nuclear Materials Management (INMM), there are around 99 nuclear plants operating in the U.S., which cater to nearly 20% of the electricity demand in the country. The nuclear operating fleet in the country has been the oldest across the globe and have an average unit life of 36 years. The retirement of these plants is expected to pace up in the next couple of years, owing to low encouragement towards plant extension licensing and rising economic constraints. This in turn, is expected to leverage the U.S. nuclear decommissioning market over the years ahead.
Since the Fukushima Daiichi plant accident, the overall energy policies along with nuclear power programmes and initiatives have been under the radar. Nuclear phase-out policies have been decided in some countries, which are expected to accelerate the dismantling operations, thus boosting the nuclear decommissioning market size. For instance, the federal government of Germany has planned to end its nuclear power programme through imposing nuclear power plant (NPP) phase out targets by the end of 2022. Enacted in August 2011, this government decision confirmed the immediate shutdown of eight units, with the remaining units to cease operation between 2015 and 2022.
Based on the type of reactors, the global nuclear decommissioning market is segmented as pressurized water reactors (PWR), boiled water reactors (BWR) and others. PWRs are the most common reactors currently. North America followed by Asia Pacific had the largest nuclear decommissioning market revenues for PWRs in 2017. Most number of BWRs being decommissioned are located in North America and Europe. Presence of other nuclear reactors including gas cooled reactors and fast breeding reactors are mostly preferred in European countries. UK, France, Spain and Germany have recently initiated the decommissioning a large fleet of their gas cooled reactors.
North America captured more than 45% of the global nuclear decommissioning market size in 2017. The nuclear reactors and their operations are regulated by the Nuclear Regulatory Commission (NRC) in the U.S and Nuclear Safety Commission in Canada. Both of these oversight committees are independent arms of governments in the respective countries. These committees interact with the other regulatory authorities through International Atomic Energy Association (IAEA).
Europe is leading the shift away from nuclear energy to renewable energy. Significant number of shutdown reactors are located in Europe and most of them are up for decommissioning. France and Spain have adopted immediate decommissioning after shutdown. These two countries are the major nuclear decommissioning markets that are considered to offer attractive opportunities over the forecast period.
Most of the Asia Pacific countries are densely populated and have a considerable energy deficit. Countries such as China, Indonesia, Malaysia, and Pakistan are in favor of building more nuclear power reactors to meet their energy needs. However, countries such as South Korea, Japan and India are moving towards renewable energy sources and away from nuclear energy. After the Fukushima incident, Japan has been rapidly shutting down and decommissioning many of its nuclear power reactors. At present, Japan and South Korea are the most attractive nuclear decommissioning markets in the Asia Pacific region.
Areva SA, Babcock International Group PLC, Enercon Services, Inc., NorthStar Group Services, Inc., Fluor Corporation, Studsvik AB, Nuvia Limited, GE Hitachi Nuclear Energy (GEH), and Westinghouse Electric Company (WEC) are some of the major players operating in the nuclear decommissioning industry.
Key segments of the global nuclear decommissioning market:
Reactor Type Overview, 2016-2027 (Megawatts) (USD Billion)
- Pressurized water reactor (PWR)
- Boiling water reactor (BWR)
- Others
Regional Overview, 2016-2027, 2028-2037 & 2038-2047 (Megawatts) (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Western Europe
- Eastern Europe
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Rest of the World
Reasons for the study
The purpose of the study is to provide an exhaustive outlook of the global nuclear decommissioning industry. Key reasons behind developing this study include:
- We have been analyzing the recent growth trends of the conventional energy and power generation sectors
- Government initiatives and national policies towards strengthening renewable energy sector shadowing the nuclear sector
- The historic and recent trends revolving around the shutdown and dismantling of nuclear reactors
- Ageing nuclear power plants in developed countries especially U.S., Japan and parts of Europe
What does the report include?
- The study on the global nuclear decommissioning market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of reactor type and region. Moreover, the study provides similar information for each of the geographies and key countries within each region.
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments from 2016 to 2047. The forecast period (total market sizing) has been divided further into year ranges viz. 2018 – 2027, 2028 – 2037 and 2038 – 2047 respectively.
- The report also includes in-detail profiling of key industry players with a significant worldwide presence
Who should buy this report?
This study is suitable for industry participants, government organizations and stakeholders in the nuclear energy industry, who want an in-depth insight into the development of the nuclear decommissioning market. The report will benefit:
- Executives of companies that are a part of the nuclear decommissioning business and service providers
- Managers working within various financial institutions that are looking to study and publish recent and forecasted numbers pertaining to the nuclear energy industry
- Government organizations, regulatory authorities, policymakers players looking for foreign investors to collaborate with
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future developments
The global nuclear decommissioning market size exceeded USD 37.0 billion in 2017. The market has been mainly driven by the presence of a large number of shutdown reactors worldwide, aging nuclear power reactors and strong government policies encouraging the utilization of renewable energy over nuclear for power generation. Performance of the nuclear decommissioning industry will be critical for the future of nuclear power generation. Challenges faced by the nuclear decommissioning industry have been significant, spanning technical, financial, social and political issues.
U.S. holds a significant position in the global nuclear decommissioning market. The U.S. nuclear decommissioning market size ranged from USD 10 billion to USD 20 billion in 2016. Rising acquisition activities among leading players are expected to boost the U.S. nuclear decommissioning market size by the end of 2027.
According to the Institute of Nuclear Materials Management (INMM), there are around 99 nuclear plants operating in the U.S., which cater to nearly 20% of the electricity demand in the country. The nuclear operating fleet in the country has been the oldest across the globe and have an average unit life of 36 years. The retirement of these plants is expected to pace up in the next couple of years, owing to low encouragement towards plant extension licensing and rising economic constraints. This in turn, is expected to leverage the U.S. nuclear decommissioning market over the years ahead.
Since the Fukushima Daiichi plant accident, the overall energy policies along with nuclear power programmes and initiatives have been under the radar. Nuclear phase-out policies have been decided in some countries, which are expected to accelerate the dismantling operations, thus boosting the nuclear decommissioning market size. For instance, the federal government of Germany has planned to end its nuclear power programme through imposing nuclear power plant (NPP) phase out targets by the end of 2022. Enacted in August 2011, this government decision confirmed the immediate shutdown of eight units, with the remaining units to cease operation between 2015 and 2022.
Based on the type of reactors, the global nuclear decommissioning market is segmented as pressurized water reactors (PWR), boiled water reactors (BWR) and others. PWRs are the most common reactors currently. North America followed by Asia Pacific had the largest nuclear decommissioning market revenues for PWRs in 2017. Most number of BWRs being decommissioned are located in North America and Europe. Presence of other nuclear reactors including gas cooled reactors and fast breeding reactors are mostly preferred in European countries. UK, France, Spain and Germany have recently initiated the decommissioning a large fleet of their gas cooled reactors.
North America captured more than 45% of the global nuclear decommissioning market size in 2017. The nuclear reactors and their operations are regulated by the Nuclear Regulatory Commission (NRC) in the U.S and Nuclear Safety Commission in Canada. Both of these oversight committees are independent arms of governments in the respective countries. These committees interact with the other regulatory authorities through International Atomic Energy Association (IAEA).
Europe is leading the shift away from nuclear energy to renewable energy. Significant number of shutdown reactors are located in Europe and most of them are up for decommissioning. France and Spain have adopted immediate decommissioning after shutdown. These two countries are the major nuclear decommissioning markets that are considered to offer attractive opportunities over the forecast period.
Most of the Asia Pacific countries are densely populated and have a considerable energy deficit. Countries such as China, Indonesia, Malaysia, and Pakistan are in favor of building more nuclear power reactors to meet their energy needs. However, countries such as South Korea, Japan and India are moving towards renewable energy sources and away from nuclear energy. After the Fukushima incident, Japan has been rapidly shutting down and decommissioning many of its nuclear power reactors. At present, Japan and South Korea are the most attractive nuclear decommissioning markets in the Asia Pacific region.
Areva SA, Babcock International Group PLC, Enercon Services, Inc., NorthStar Group Services, Inc., Fluor Corporation, Studsvik AB, Nuvia Limited, GE Hitachi Nuclear Energy (GEH), and Westinghouse Electric Company (WEC) are some of the major players operating in the nuclear decommissioning industry.
Key segments of the global nuclear decommissioning market:
Reactor Type Overview, 2016-2027 (Megawatts) (USD Billion)
- Pressurized water reactor (PWR)
- Boiling water reactor (BWR)
- Others
Regional Overview, 2016-2027, 2028-2037 & 2038-2047 (Megawatts) (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Western Europe
- Eastern Europe
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of Asia Pacific
- Rest of the World
Reasons for the study
The purpose of the study is to provide an exhaustive outlook of the global nuclear decommissioning industry. Key reasons behind developing this study include:
- We have been analyzing the recent growth trends of the conventional energy and power generation sectors
- Government initiatives and national policies towards strengthening renewable energy sector shadowing the nuclear sector
- The historic and recent trends revolving around the shutdown and dismantling of nuclear reactors
- Ageing nuclear power plants in developed countries especially U.S., Japan and parts of Europe
What does the report include?
- The study on the global nuclear decommissioning market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of reactor type and region. Moreover, the study provides similar information for each of the geographies and key countries within each region.
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments from 2016 to 2047. The forecast period (total market sizing) has been divided further into year ranges viz. 2018 – 2027, 2028 – 2037 and 2038 – 2047 respectively.
- The report also includes in-detail profiling of key industry players with a significant worldwide presence
Who should buy this report?
This study is suitable for industry participants, government organizations and stakeholders in the nuclear energy industry, who want an in-depth insight into the development of the nuclear decommissioning market. The report will benefit:
- Executives of companies that are a part of the nuclear decommissioning business and service providers
- Managers working within various financial institutions that are looking to study and publish recent and forecasted numbers pertaining to the nuclear energy industry
- Government organizations, regulatory authorities, policymakers players looking for foreign investors to collaborate with
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future developments
Chapter 1 Executive Summary
Chapter 2 Research Methodology & Scope
2.1 Research approach
2.2 Research scope & assumptions
2.3 List of data sources
Chapter 3 Industry Outlook
3.1 Introduction
3.2 Market estimates and forecast, 2016 – 2047 (Megawatts) (USD billion)
3.3 Recent trends and developments
3.3 Market value chain
Chapter 4 Market Dynamics
4.1 Drivers
4.1.1 Ageing nuclear reactors
4.1.2 Encouragement of government policies towards renewable energy generation
4.1.3 Increase in the volume of closed nuclear reactors
4.2 Restraints
4.2.1 High costs associated with decommissioning procedures
4.2.2 Varying regulatory policy framework
4.3 Opportunities
4.3.1 Development and adoption of autonomous and semi-autonomous robots and drones
4.3.2 Policy shift towards decommissioning operations
Chapter 5 Porter's Five Forces Analysis
5.1 Bargaining power of suppliers
5.2 Bargaining power of consumers
5.3 Threat of substitute products and services
5.4 Threat of new entrants
5.5 Degree of competition
Chapter 6 PESTEL Analysis
6.1 Political
6.2 Economic
6.3 Social
6.4 Technological
6.5 Environmental
6.6 Legal
Chapter 7 Market Analysis by Reactor Type
7.1 Pressurized water reactor (PWR)
7.1.1 Market size & demand forecast, 2016 – 2027 (Megawatts) (USD Billion)
7.2 Boiling water reactor (BWR)
7.2.1 Market size & demand forecast, 2016 – 2027 (Megawatts) (USD Billion)
7.3 Others
7.3.1 Market size & demand forecast, 2016 – 2027 (Megawatts) (USD Billion)
Chapter 8 Market Analysis by Geography
8.1 North America
8.1.1 Overview
8.1.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.1.3 Market size & demand forecast by reactor type, 2016 – 2027 (Megawatts) (USD Billion)
8.1.4 U.S.
8.1.4.1 Overview
8.1.4.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.1.5 Canada
8.1.5.1 Overview
8.1.5.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD billion)
8.2 Europe
8.2.1 Overview
8.2.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.2.3 Market size & demand forecast by reactor type, 2016 – 2027 (Megawatts) (USD Billion)
8.2.4 Western Europe
8.2.4.1 Overview
8.2.4.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.2.5 Eastern Europe
8.2.5.1 Overview
8.2.5.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.2.6 Rest of Europe
8.2.6.1 Overview
8.2.6.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.3 Asia Pacific
8.3.1 Overview
8.3.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.3.3 Market size & demand forecast by reactor type, 2016 – 2027 (Megawatts) (USD Billion)
8.3.4 China
8.3.4.1 Overview
8.3.4.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.3.5 Japan
8.3.5.1 Overview
8.3.5.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.3.6 South Korea
8.3.6.1 Overview
8.3.6.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.3.7 Rest of Asia Pacific
8.3.7.1 Overview
8.3.7.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.4 Rest of the World
8.4.1 Overview
8.4.2 Market size & demand forecast, 2016 – 2047 (Megawatts) (USD Billion)
8.4.3 Market size & demand forecast by reactor type, 2016 – 2027 (Megawatts) (USD Billion)
Chapter 9 Company Profiles
9.1 Areva SA
9.1.1 Company overview
9.1.2 Products and services
9.1.3 Financials
9.1.4 SWOT analysis
9.1.5 Decommissioning projects
9.2 Babcock International Group PLC
9.2.1 Company overview
9.2.2 Products and services
9.2.3 Financials
9.2.4 SWOT analysis
9.2.5 Decommissioning projects
9.3 Enercon Services Inc.
9.3.1 Company overview
9.3.2 Products and services
9.3.3 Financials
9.3.4 SWOT analysis
9.3.5 Decommissioning projects
9.4 Fluor Corporation
9.4.1 Company overview
9.4.2 Products and services
9.4.3 Financials
9.4.4 SWOT analysis
9.4.5 Decommissioning projects
9.5 Studsvik AB
9.5.1 Company overview
9.5.2 Products and services
9.5.3 Financials
9.5.4 SWOT analysis
9.5.5 Decommissioning projects
9.6 Nuvia Limited
9.6.1 Company overview
9.6.2 Products and services
9.6.3 Financials
9.6.4 SWOT analysis
9.6.5 Decommissioning projects
9.7 GE Hitachi Nuclear (GEH)
9.7.1 Company overview
9.7.2 Products and services
9.7.3 Financials
9.7.4 SWOT analysis
9.7.5 Decommissioning projects
9.8 Westinghouse Electric Company (Toshiba)
9.8.1 Company overview
9.8.2 Products and services
9.8.3 Financials
9.8.4 SWOT analysis
9.8.5 Decommissioning projects
9.9 Northstar Group Services, Inc.
9.9.1 Company overview
9.9.2 Products and services
9.9.3 Financials
9.9.4 SWOT analysis
9.9.5 Decommissioning projects
Chapter 10 Competitive Landscape
10.1 Mergers and acquisitions
10.2 Joint ventures, collaborations, and agreements
10.3 Market share analysis