Nuclear Power Reactor Decommissioning Market Size Forecasted To Achieve $12.8 Billion By 2029 With Steady Growth

The Nuclear Power Reactor Decommissioning Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Nuclear Power Reactor Decommissioning Market Size and Projected Growth Rate?
In recent times, the market size of the nuclear power reactor decommissioning has expanded significantly. The projection indicates that it will rise from a value of $7.18 billion in 2024 to an estimated $8.07 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.4%. The substantial growth experienced in the previous period was a result of factors such as aged infrastructure, the regulatory framework, and public opinion.

In the following years, the market size for decommissioning nuclear power reactors is predicted to experience rapid expansion. The projected growth will witness its value increase to $12.8 billion by 2029, following a compound annual growth rate (CAGR) of 12.2%. The robust growth during the projected period can be credited to factors such as global energy transitions, economic dynamics, governmental regulations, and issues around safety and security. Additionally, key trends for this period encompass technological advancements, the emerging prominence of robotics and automation, cross-industry collaborations and partnerships, and a concentrated emphasis on waste management.

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What Are the Major Segments in the Nuclear Power Reactor Decommissioning Market?
The nuclear power reactor decommissioning market covered in this report is segmented -

1) By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas-Cooled Reactor, Liquid Metal Fast Breeder Reactor, Other Reactor Types
2) By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW
3) By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor

Subsegments:
1) By Pressurized Water Reactor (PWR): Westinghouse PWR, French PWR (N4 And Others), Russian VVER PWR
2) By Pressurized Heavy Water Reactor (PHWR): CANDU Reactor, Indian PHWR
3) By Boiling Water Reactor (BWR): General Electric BWR, Hitachi BWR
4) By High-Temperature Gas-Cooled Reactor (HTGR): Pebble Bed Reactor, Modular HTGR
5) By Liquid Metal Fast Breeder Reactor (LMFBR): Sodium-Cooled Fast Reactor (SFR), Lead-Cooled Fast Reactor (LFR)
6) By Other Reactor Types: Small Modular Reactors (SMR), Research Reactors, Advanced Reactors

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What Are The Driving Nuclear Power Reactor Decommissioning Market Evolution?
The burgeoning awareness of environmental issues is projected to drive the expansion of the nuclear power reactor decommissioning market in the future. This increased awareness of environmental issues is causing a greater focus on nuclear power plants (NPPs) because of their reliable generation of carbon-free electricity, significant clean-air compliance contributions, and substantial capacity for power production. Decommissioning involves the removal of nuclear fuel from a nuclear power plant and helps in the cessation of operating licenses. For example, the American Lung Association, a US-based non-profit professional organization, reported in March 2024 that in 2022, the number of residents in counties with dangerous levels of ozone or particle pollution increased by 11.7 million from the previous year, totaling 131.2 million people, practically 40% of the U.S. population. As a result, the rising perception of environmental issues is fueling the growth of the nuclear power reactor decommissioning market.

Which Firms Dominate The Nuclear Power Reactor Decommissioning Market Segments?
Major companies operating in the nuclear power reactor decommissioning market include Babcock International Group PLC, GE Hitachi Nuclear Energy LLC, Fluor Corporation, Westinghouse Electric Company, AECOM Technology Corporation, NorthStar Group Services Inc., Studsvik AB, Bechtel Group Inc., James Fisher and Sons PLC, Orano Group, WS Atkins PLC, Enercon Services Inc., SNC Lavalin Infrastructure Pvt. Ltd., Tokyo Electric Power Company Holdings Incorporated, Nuvia Group Ltd., Jacobs Engineering Group Inc., NAC International Inc., Nukem Technologies GmbH, Holtec International Inc., EnergySolutions LLC, Deep Isolation Inc., Waste Control Specialists LLC, Empresa Nacional de Residuos Radiactivos S. A., Ansaldo Nucleare S. p. A, Rosatom State Nuclear Energy Corporation, Sellafield Ltd., GNS Gesellschaft für Nuklear-Service mbH, Sogin S. p. A.

What Trends Are Expected to Dominate the Nuclear Power Reactor Decommissioning Market in the Next 5 Years?
Leading businesses in the nuclear power reactor decommissioning market are intensifying their efforts to establish new nuclear facilities to secure a competitive position in the industry. Nuclear facilities encompass modern structures and setups constructed for nuclear energy production. For example, in April 2023, as reported by the International Atomic Energy Agency (IAEA), an intergovernmental organization based in Austria, the United Arab Emirates (UAE) has recently inaugurated its inaugural nuclear power plant, the Barakah nuclear power plant. This facility is projected to supply up to 25% of the nation's electricity when it is fully functional in the forthcoming years. As the nation's and the Arab world's first, the plant signifies UAE's initiative to diversify its energy resources and decrease its carbon emissions. The Barakah nuclear power plant is equipped with four reactors with a combined capacity of 5,600 MW, roughly accounting for 25% of the UAE's peak energy demand.

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Which Is The Largest Region In The Nuclear Power Reactor Decommissioning Market?
Europe was the largest region in the nuclear power reactor decommissioning market in 2024. North America is expected to be the fastest-growing region in the nuclear power reactor decommissioning market share during the forecast period. The regions covered in the nuclear power reactor decommissioning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Nuclear Power Reactor Decommissioning Market?
2. What is the CAGR expected in the Nuclear Power Reactor Decommissioning Market?
3. What Are the Key Innovations Transforming the Nuclear Power Reactor Decommissioning Industry?
4. Which Region Is Leading the Nuclear Power Reactor Decommissioning Market?

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