Asia Pacific Nuclear Decommissioning Service Market

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.

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.

Asia Pacific Nuclear Decommissioning Service Report Scope

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.

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

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• 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