1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Nuclear Power Market Trends
Nuclear Decommissioning Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Reactor Type ; Strategy ; Application ; Capacity

Nuclear Decommissioning Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Reactor Type ; Strategy ; Application ; Capacity

  • June 2020
  • 169 pages
  • ID: 5932682
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The nuclear decommissioning services market was valued at US$ 5.82 billion in 2019 and is projected to reach US$ 9.43 billion by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.

As large number of nuclear power plants are nearing the end of the operational timeline, the operators and the governments are planning to decommission the facilities, which is driving the growth of nuclear decommissioning services market.In the recent scenario, the decommissioning of nuclear facilities is outpacing the construction of newer facilities across the major regions around the globe.

According to the World Nuclear Industry Status Report (WNISR), during the mid-2018, 115 nuclear reactors have been decommissioned, and approximately 70% of the world’s nuclear reactors, which accounts to 173 reactors, have been permanently shut down.These statistics showcase the demand for decommissioning services, which is catalyzing the nuclear decommissioning services market.

The average lifespan of nuclear power plants across the globe is 30 years; however, with refurbishments, several numbers of facilities continue to operate for another 20–30 years. Owing to the fact that the majority of the governments are inclined toward the construction of newer nuclear facilities with advanced technologies, the focus on decommissioning of older facilities is increasing, which is increasing the involvement of decommissioning service providers in the industry.

Geographically, several countries have laid-down their roadmaps and plan to decommission the nuclear facilities.For instance, in Europe, Germany, Spain, and Belgium are aiming to decommission its ageing nuclear power facilities by mid-2020s-2030s completely.

France declared its plans to shut down 14 of 58 nuclear reactors by 2035.The UK is expected to decommission all 15 reactors by 2030.

Moreover, in Asia, Japan is expected to shut down its 6 nuclear power plants by 2030, while South Korea has announced its plans to decommissioning 6 of 24 reactors by mid-2020. These figures showcase the demand for decommissioning services, which is anticipated to propel the nuclear decommissioning services market over the years.

AECOM, Ansaldo Energia, Babcock International Group Plc., Betchel Corporation, EnergySolutions, GE Hitachi Nuclear Energy, Onet SA, Orano, Studsvik AB, Westinghouse Electric Company LLC, Sogin S.p.A, Fluor Corporation, Nuvia Limited, Northstar Group Services, Inc., Manafort Brothers Incorporated, and Korea Hydro & Nuclear Power are some of the well-established companies as well as financially balanced players present in the nuclear decommissioning services market.

Over the years, the nuclear decommissioning services market players have been operating manually with a massive workforce.This consumes more time for decommissioning an entire nuclear power plant.

Additionally, operating a massive workforce in a nuclear power facility exposes the workforce to the risk of radioactive materials existing at the site.Attributing to these factors, the nuclear decommissioning services market players are focusing on robotic technologies, which are foreseen to pace up the decommissioning activity and also to reduce the cost of the process.

This factor is expected to catalyze the nuclear decommissioning services market in the coming years. At present, the cost incurred in decommissioning a nuclear power plant is approximately US$ 3.73 billion annually, which is estimated to surge over the years, the need for advanced technologies is surging among the nuclear decommissioning services market players. Thus, the market is poised to provide numerous profitable business opportunities for the market players during the forecast period.

Impact of COVID-19 Pandemic on Nuclear Decommissioning Services Market

Globally, the COVID-19 outbreak has weakened various activities across industries.However, the energy and power generation industry is also hit hard by the outbreak due to limited manpower and disruption in supply chain of components and services.

During this outbreak, several nuclear decommissioning services market players have operated with restricted manpower in various countries; whereas, in several countries, the activity of nuclear decommissioning is put on hold owing to imposition of lockdown measures by respective governments.For instance, the European countries have been exercising termination of nuclear power plant activities, thereby requiring decommissioning services.

Several nuclear facilities ended respective operation in 2019 owing to political concerns or reaching end of operational lifecycle.The countries with higher number of COVID-19 cases in the European region include France, Germany, Russia, UK, and Italy.

The French nuclear decommissioning services market was hit the hardest attributing to the fact that, the country has terminated its oldest nuclear power plant, such as the Fessenheim nuclear power plant, in early 2020, and is yet to start with decommission activities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on