Asia Pacific Nuclear Decommissioning Service Market

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Analysis by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor); Strategy (Immediate Dismantling, Deferred Dismantling, Entombment); Application (Commercial Power Reactor, Research Power Reactor, Prototype); Capacity (Below 100 MW, 100 - 1,000 MW, Above 1,000 MW) and Country


No. of Pages: 110    |    Report Code: TIPRE00012803    |    Category: Energy and Power

Asia Pacific Nuclear Decommissioning Service Market
Buy Now

Market Introduction

Geographically, several countries have laid-down their roadmaps and plans to decommission nuclear facilities. For instance, in Asia, Japan is expected to shut down its 6 nuclear power plants by 2030, and South Korea has announced its plans to decommission 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. APAC also consists of a notable number of nuclear facilities, mainly in Japan and South Korea. The Japanese government has expressed its plans to phase out 40–50% of its nuclear facilities over the next decade. China and India, on the other hand, are still maturing in the field of nuclear decommissioning, which holds a promising future for several nuclear decommissioning services market players in the countries and internationally.


Get more information on this report

Asia Pacific Nuclear Decommissioning Service Strategic Insights

Strategic insights for the Asia Pacific Nuclear Decommissioning Service provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-nuclear-decommissioning-service-market-strategic-framework.webp
Get more information on this report

Asia Pacific Nuclear Decommissioning Service Report Scope

Report Attribute Details
Market size in 2019 US$ 1.22 Billion
Market Size by 2027 US$ 1.80 Billion
Global CAGR (2020 - 2027) 5.1%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Reactor Type
  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Gas Cooled Reactor
By Strategy
  • Immediate Dismantling
  • Deferred Dismantling
  • Entombment
By Application
  • Commercial Power Reactor
  • Research Power Reactor
  • Prototype
By Capacity
  • Below 100 MW
  • 100-1
  • 000 MW
  • Above 1
  • 000 MW
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • AECOM
  • Ansaldo Energia S.p.A.
  • Babcock International Group PLC
  • Bechtel Corporation
  • EnergySolutions
  • GE Hitachi Nuclear Energy (GEH)
  • Orano
  • Studsvik AB
  • Fluor Corporation
  • Korea Hydro & Nuclear Power Co. Ltd
  • Get more information on this report

    Asia Pacific Nuclear Decommissioning Service Regional Insights

    The geographic scope of the Asia Pacific Nuclear Decommissioning Service refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-nuclear-decommissioning-service-market-geography.webp
    Get more information on this report


    Market Overview and Dynamics

    The nuclear decommissioning service market in Asia-Pacific was valued US$ 1.22 billion in 2019 and is projected to reach US$ 1.80 billion by 2027; it is expected to grow at a CAGR of 5.1% from 2020 to 2027. Nuclear Regulatory Commission (NRC) and International Atomic Energy Agency (IAEA), among others, are the governing authorities that are increasingly emphasizing decommissioning to reduce the risk of radioactive emission from nuclear reactor sites. This factor is anticipated to drive the growth of the nuclear decommissioning services market globally. According to IEA, a total of 411 nuclear power plants are set to be decommissioned by 2040, comprising 295 commercial power plants and 116 research reactors.

    Key Market Segments

    In terms of reactor type, the pressurized water reactor segment accounted for the largest share of the Asia-Pacific nuclear decommissioning service market in 2019. Whereas, by application, the commercial reactor segment held a larger market share of the nuclear decommissioning service market in 2019. Further, based on country, the China held the largest share of the Asia-Pacific market.

    Major Sources and Companies Listed

    A few major primary and secondary sources referred to for preparing this report on the nuclear decommissioning service market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AECOM, Ansaldo Energia S.p.A., Babcock International Group PLC, Bechtel Corporation, EnergySolutions, GE Hitachi Nuclear Energy (GEH), Orano, Studsvik AB, Fluor Corporation, and Korea Hydro & Nuclear Power Co. Ltd..

     

    Reasons to buy report

    • To understand the Asia-Pacific nuclear decommissioning service market landscape and identify market segments that are most likely to guarantee a strong return
    • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia-Pacific nuclear decommissioning service market
    • Efficiently plan M&A and partnership deals in Asia-Pacific nuclear decommissioning service market by identifying market segments with the most promising probable sales
    • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia-Pacific nuclear decommissioning service market
    • Obtain market revenue forecast for market by various segments from 2020-2027 in the Asia-Pacific region.

    ASIA-PACIFIC NUCLEAR DECOMMISSIONING SERVICE MARKET SEGMENTATION

    By Reactor Type

    • Pressurized Water Reactor
    • Boiling Water Reactor
    • Gas Cooled Reactor

     

    By Strategy

    • Immediate Dismantling
    • Deferred Dismantling
    • Entombment

     

    By Application

    • Commercial Power Reactor
    • Prototype Power Reactor
    • Research Reactor

     

    By Capacity

    • Below 100 MW
    • 100 – 1,000 MW
    • Above 1,000 MW

    By Country

    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific

     

    Company Profiles

    • AECOM
    • Ansaldo Energia S.p.A.
    • Babcock International Group PLC
    • Bechtel Corporation
    • EnergySolutions
    • GE Hitachi Nuclear Energy (GEH)
    • Orano
    • Studsvik AB
    • Fluor Corporation
    • Korea Hydro & Nuclear Power Co. Ltd

     

    The List of Companies - Asia Pacific Nuclear Decommissioning Service Market

    1. AECOM
    2. Ansaldo Energia S.p.A.
    3. Babcock International Group PLC
    4. Bechtel Corporation
    5. EnergySolutions
    6. GE Hitachi Nuclear Energy (GEH)
    7. Orano
    8. Studsvik AB
    9. Fluor Corporation
    10. Korea Hydro & Nuclear Power Co. Ltd
    Frequently Asked Questions
    How big is the Asia Pacific Nuclear Decommissioning Service Market?

    The Asia Pacific Nuclear Decommissioning Service Market is valued at US$ 1.22 Billion in 2019, it is projected to reach US$ 1.80 Billion by 2027.

    What is the CAGR for Asia Pacific Nuclear Decommissioning Service Market by (2020 - 2027)?

    As per our report Asia Pacific Nuclear Decommissioning Service Market, the market size is valued at US$ 1.22 Billion in 2019, projecting it to reach US$ 1.80 Billion by 2027. This translates to a CAGR of approximately 5.1% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Nuclear Decommissioning Service Market report typically cover these key segments-

    • Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor)
    • Strategy (Immediate Dismantling, Deferred Dismantling, Entombment)
    • Application (Commercial Power Reactor, Research Power Reactor, Prototype)
    • Capacity (Below 100 MW, 100-1, 000 MW, Above 1, 000 MW)

    What is the historic period, base year, and forecast period taken for Asia Pacific Nuclear Decommissioning Service Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Nuclear Decommissioning Service Market report:

  • Historic Period : 2017-2018
  • Base Year : 2019
  • Forecast Period : 2020-2027
  • Who are the major players in Asia Pacific Nuclear Decommissioning Service Market?

    The Asia Pacific Nuclear Decommissioning Service Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AECOM
  • Ansaldo Energia S.p.A.
  • Babcock International Group PLC
  • Bechtel Corporation
  • EnergySolutions
  • GE Hitachi Nuclear Energy (GEH)
  • Orano
  • Studsvik AB
  • Fluor Corporation
  • Korea Hydro & Nuclear Power Co. Ltd
  • Who should buy this report?

    The Asia Pacific Nuclear Decommissioning Service Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Nuclear Decommissioning Service Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now