Europe Nuclear Reactor Decommissioning Market Size (2024 - 2029)

The Europe nuclear reactor decommissioning market is anticipated to experience significant growth, driven by the increasing number of nuclear reactors reaching the end of their operational life. Despite the challenges posed by the lifetime extension of nuclear power plants due to favorable government policies, the market is expected to expand, particularly in countries with nuclear phase-out policies like Germany and the United Kingdom. These policies present opportunities for both foreign and domestic players to contribute their expertise in developing decommissioning strategies. France is projected to be a key area of growth within this market.

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Market Size of Europe Nuclear Reactor Decommissioning Industry

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Europe Nuclear Reactor Decommissioning Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 10.00 %
Market Concentration Medium

Major Players

Europe Nuclear Reactor Decommissioning Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Nuclear Decommissioning Market Analysis

The Europe nuclear reactor decommissioning market is projected to register a CAGR of over 10% during the forecast period.

The market was moderately impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the medium term, the increasing number of nuclear reactors reaching operational retirement plants is expected to drive the market's growth.
  • On the flip side, the lifetime extension of nuclear power plants with favorable government policies is expected to hinder the market growth.
  • Nuclear phase-out policies in several countries, such as Germany and the United Kingdom, are expected to create several opportunities for foreign and domestic players to provide the necessary expertise that the countries need to develop their decommissioning market.
  • France, one of the major decommissioning hotspots, is expected to be the fastest-growing nuclear power reactor decommissioning market.

Europe Nuclear Decommissioning Industry Segmentation

Decommissioning is the last step in the life cycle of a nuclear power facility. Decommissioning transforms the nuclear facility into an end-state compliant with national regulatory requirements. Previously nuclear plants were designed for 30-40 years of operating life and these power plants had to be decommissioned after the completion of their operational life. However, new plants are designed for 40-60 years of operating life. At the end of the life of any power plant the reactor needs to be decommissioned, cleaned up, and dismantled so that the site is available for other users. 

The Europe nuclear reactor decommissioning market is segmented by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, and Other Reactor Types), Application (Commercial Power Reactor, Prototype Power Reactor, and Research Reactor), Capacity (Below 100 MW, Between 100 - 1000 MW, and Above 1000 MW), and Geography (France, Germany, United Kingdom, Ukraine, and Rest of Europe). The report offers the market size and forecasts in revenue (USD million) for all the above segments.

By Reactor Type
Pressurized Water Reactor
Boiling Water Reactor
Gas Cooled Reactor
Other Reactor Types
By Application
Commercial Power Reactor
Prototype Power Reactor
Research Reactor
By Capacity
Below 100 MW
Between 100 - 1000 MW
Above 1000 MW
By Geography
France
Germany
United Kingdom
Ukraine
Rest of Europe
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Europe Nuclear Reactor Decommissioning Market Size Summary

The European nuclear reactor decommissioning market is poised for significant growth, driven by the increasing number of nuclear reactors reaching the end of their operational life. This trend is further supported by the phase-out policies in countries like Germany and the United Kingdom, which present opportunities for both domestic and foreign players to contribute their expertise in decommissioning activities. France stands out as a key player in this market, with its substantial number of operational reactors and a government strategy aimed at reducing reliance on nuclear power. The country's commitment to diversifying its energy mix is expected to bolster the decommissioning market as it plans to shut down several reactors by 2035.

The market is also experiencing growth in the decommissioning of research reactors, driven by the declining need for such facilities and the high costs associated with their maintenance. Collaborative efforts, such as those between ENGIE and the French Alternative Energies and Atomic Energy Commission, are focusing on various aspects of nuclear decommissioning, including dismantling and waste management. The European market is moderately consolidated, with major players like Cavendish Nuclear Ltd and Fluor Corporation actively involved in decommissioning projects across the region. Recent developments, such as the completion of decommissioning works in Spain and contracts for dismantling reactors in Germany, highlight the ongoing activities and investments in the sector.

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Europe Nuclear Reactor Decommissioning Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD Million Until 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Reactor Type

      1. 2.1.1 Pressurized Water Reactor

      2. 2.1.2 Boiling Water Reactor

      3. 2.1.3 Gas Cooled Reactor

      4. 2.1.4 Other Reactor Types

    2. 2.2 By Application

      1. 2.2.1 Commercial Power Reactor

      2. 2.2.2 Prototype Power Reactor

      3. 2.2.3 Research Reactor

    3. 2.3 By Capacity

      1. 2.3.1 Below 100 MW

      2. 2.3.2 Between 100 - 1000 MW

      3. 2.3.3 Above 1000 MW

    4. 2.4 By Geography

      1. 2.4.1 France

      2. 2.4.2 Germany

      3. 2.4.3 United Kingdom

      4. 2.4.4 Ukraine

      5. 2.4.5 Rest of Europe

Europe Nuclear Reactor Decommissioning Market Size FAQs

The Europe Nuclear Reactor Decommissioning Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)

Cavendish Nuclear Ltd, Fluor Corporation, GE Hitachi Nuclear Services, James Fisher and Sons PLC and Electricite de France SA are the major companies operating in the Europe Nuclear Reactor Decommissioning Market.

Europe Nuclear Reactor Decommissioning Report Snapshots

Europe Nuclear Reactor Decommissioning Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)