Soaring Demand Set to Propel Nuclear Power Reactor Decommissioning Market to $12.58 Billion by 2029

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What Is the Expected CAGR for the Nuclear Power Reactor Decommissioning Market Through 2025?
The size of the nuclear power reactor decommissioning market has experienced significant expansion in recent years. The market, which was at $7.18 billion in 2024, is projected to increase to $8.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.5%. Factors such as aging infrastructure, changes in regulatory landscape, and public perception have contributed to the growth observed in the historic period.

What's the Projected Size of the Global Nuclear Power Reactor Decommissioning Market by 2029?
In the coming years, swift expansion is predicted for the nuclear power reactor decommissioning market, with its size anticipated to reach $12.58 billion in 2029, registering an 11.9% compound annual growth rate (CAGR). This growth during the forecast period is due to several factors such as the worldwide shift towards different energy sources, economic conditions, governmental regulations, and issues of safety and security. The forecast period will see major trends such as innovative technology, increased use of robotics and automation, collaborations and partnerships, along with 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 escalation in attentiveness towards environmental concerns is anticipated to boost the expansion of the nuclear power reactor decommissioning market moving forward. This increase in environmental awareness underlines emerging environmental problems. Nuclear power plants (NPPs), because of their exceptional reliability, vast clean-air compliance value, and sizable electricity generation capacity, are employed to create carbon-free energy. Decommissioning accounts for the removal of nuclear fuel from these power plants, thus aiding in the cessation of operating licenses. For example, a study released by the American Lung Association, a professional non-governmental organization in the U.S, in March 2024, revealed that the population living in counties with unhealthy ozone or particle pollution levels had increased by 11.7 million since 2022, amounting to 131.2 million people or nearly 40% of the U.S populace. Consequently, the escalating concern towards environmental issues is fueling the growth 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?
Prominent firms in the sphere of nuclear power reactor decommissioning are attempting to gain a market advantage through the introduction of new nuclear facilities. These modern nuclear plants are designed to produce nuclear energy. To illustrate, information from the Austria-based intergovernmental International Atomic Energy Agency (IAEA) in April 2023 revealed that the United Arab Emirates (UAE) inaugurated its inaugural nuclear power plant, the Barakah nuclear power plant. This plant is projected to supply approximately a quarter of the nation's power requirements when it reaches maximum capacity in the forthcoming years. This is the first-ever nuclear power plant within the UAE and the Arab world, aligning with the country's mission to diversify energy sources and cut carbon emissions. The Barakah nuclear power plant encompasses four reactors with a combined capacity of about 5,600 MW, which equates to almost 25% of the UAE's peak energy demand.

What Are the Main Segments in the Nuclear Power Reactor Decommissioning Market?
The nuclear power reactor decommissioningmarket 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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