Nuclear Power Reactor Decommissioning Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Nuclear Power Reactor Decommissioning Market Through 2025?
The market size for the decommissioning of nuclear power reactors has seen a swift expansion in the previous few years. The market, which was worth $7.18 billion in 2024, is projected to increase to $8.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.4%. Factors contributing to the growth during this historical period include the aging of infrastructure, changes in regulatory landscapes, and shifts in public perception.

What's the Projected Size of the Global Nuclear Power Reactor Decommissioning Market by 2029?
Over the coming years, the market size for nuclear power reactor decommissioning is forecasted to experience substantial growth, reaching $12.8 billion in 2029, with a compound annual growth rate (CAGR) of 12.2%. The anticipated growth during the forecast period is primarily due to world energy transition, economic aspects, government regulations, and safety and security matters. The key trends for the forecast period consist of advancements in technology, increased use of robotics and automation, collaborations and partnerships, and an emphasis on waste management.

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Top Growth Drivers in the Nuclear Power Reactor Decommissioning Industry: What's Accelerating the Market?
The rise in awareness for environmental matters is anticipated to fuel the nuclear power reactor decommissioning market's growth. This heightened environmental sensitivity signifies an increased understanding of environmental challenges. Nuclear power plants (NPPs) generate pollution-free electricity owing to their exceptional reliability, significant contribution to clean-air compliance, and abundant power generation capacity. Decommissioning involves extracting nuclear fuel from a nuclear power plant and facilitating the termination of operating licenses. For example, an American Lung Association report released in March 2024 disclosed that in 2022 around 11.7 million more people lived in counties with unhealthy levels of ozone or particle pollution than the previous year, taking the total to about 131.2 million individuals or almost 40% of the U.S. population. Thus, heightened environmental consciousness is encouraging the expansion of the nuclear power reactor decommissioning market.

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What Trends Will Shape the Nuclear Power Reactor Decommissioning Market Through 2029 and Beyond?
Leading firms in the nuclear power reactor decommissioning market are focusing on launching new nuclear facilities to gain a competitive advantage. Nuclear facilities pertain to the modern structures and systems created for nuclear power generation. For example, the International Atomic Energy Agency (IAEA), a Austria-based intergovernmental organization, reported in April 2023 that the United Arab Emirates (UAE) had just inaugurated its inaugural nuclear power plant, the Barakah nuclear power plant. This plant, the first in the UAE and the Arab world, is forecasted to supply around 25% of the nation's power once it's fully operational in the near future. This is part of the UAE's strategic plan to diversify its sources of energy and decrease its carbon footprint. The Barakah nuclear power plant is equipped with four reactors, with a cumulative capacity of 5,600 MW, which is approximately 25% of the UAE's peak power demand.

What Are the Main 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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Which Top Companies are Driving Growth in the Nuclear Power Reactor Decommissioning Market?
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.

Which Regions Will Dominate the Nuclear Power Reactor Decommissioning Market Through 2029?
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

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