Europe Nuclear Decommissioning Service Market

Market Introduction

As a greater number of nuclear power plants are nearing the end of the operational timeline, the operators and the governments are planning to decommission the facilities, and this activity is increasingly becoming mainstream, thereby driving the nuclear decommissioning services market. In the recent scenario, the decommissioning of nuclear facilities is outpacing the construction of newer facilities across the major regions. According to the World Nuclear Industry Status Report (WNISR), during the mid-2018, 115 nuclear reactors have been decommissioned, and ~70% of the world’s 173 reactors that have been permanently shut down. These statistics showcase the demand for decommissioning services, which is catalyzing the nuclear decommissioning services market. The average lifespan of nuclear power plants is 30 years; however, with refurbishments, several numbers of facilities continue to operate for another 20–30 years. Since the majority of the governments are inclining toward the construction of newer nuclear facilities with advanced technologies, the focus toward decommissioning of older facilities is higher, which is increasing the involvement of decommissioning service providers in the industry.

Europe Nuclear Decommissioning Service Strategic Insights

Strategic insights for the Europe 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.

Europe Nuclear Decommissioning Service Report Scope

Europe Nuclear Decommissioning Service Regional Insights

The geographic scope of the Europe 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 Europe was valued US$ 2.68 billion in 2019 and is projected to reach US$ 4.29 billion by 2027; it is expected to grow at a CAGR of 6.2% from 2020 to 2027. The Italian power generation and transmission sector comprise of nuclear power plants, which generates and transmits only 8% of the country's overall electricity generation and transmission. The country had 4 reactors and has been decommissioning the reactors following the Chernobyl incident. Italy relies heavily on imports and is the world's second-largest net importer of electricity. Sogin S.p.A., a government-owned nuclear decommissioning service provider, has been engaged in dismantling and decommissioning several nuclear power plants in the country.

Key Market Segments

In terms of reactor type, the pressurized water reactor segment accounted for the largest share of the Europe nuclear decommissioning service market in 2019. Whereas, by capacity, the beyond 1,000 MW segment held a larger market share of the nuclear decommissioning service market in 2019. Further, based on country, France held the largest share of the Europe 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 European region are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Babcock International Group PLC, Onet SA, Orano, Studsvik AB, NUVIA Group, PreussenElektra GmbH, NUKEM Technologies GmbH, GNS Gesellschaft fur Nuklear-Service GmbH, Atkins, and Sogin S.p.A.

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EUROPE 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

• U.S.
• Canada

Company Profiles

• AECOM
• Bechtel Corporation
• EnergySolutions
• GE Hitachi Nuclear Energy (GEH)
• Westinghouse Electric Company LLC
• NorthStar Group Services, Inc.
• Manafort Brothers Incorporated
• Fluor Corporation
• Atkins
• Babcock International Group PLC