Market Size of Germany Nuclear Power Reactor Decommissioning Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Nuclear Power Reactor Decommissioning Market Analysis
The German nuclear power reactor decommissioning market is expected to register a CAGR of around 3.5% during the forecast period. The COVID-19 pandemic did not have much effect on the nuclear power reactor decommissioning market as the ongoing decommissioning projects progressed smoothly without any delays to meet the deadline. During 2020-2021, three commercial power reactors were decommissioned, namely Gundremmingen-C, Grohnde, and Brokdorf nuclear power plants. The German nuclear power reactor decommissioning market is expected to catch a pace in the near future, mainly due to the public safety concerns aroused in the government's vision due to the famous Fukushima disaster in Japan, and secondly, the operational retirement of nuclear reactors in the country. The market can be hampered by the long duration taken by the decommissioning projects.
- The Commercial Power Reactor segment is expected to witness decommissioning at the fastest rate due to the upcoming decommissioning projects in the country of the type.
- The new German government's strong support for the nuclear power phase-out by 2022 is the biggest opportunity for the market. The country has decommissioned around half of its nuclear power generation fleet by 2021 with fast-tracked government support, and three commercial power plants are going to be dysfunctional by 2022.
- The high growth of renewables in the power generation sector is expected to catalyze the nuclear power decommissioning market in the near future.
Germany Nuclear Power Reactor Decommissioning Industry Segmentation
The German nuclear power reactor decommissioning market report includes
| 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 |
| Application | |
| Commercial Power Reactor | |
| Prototype Power Reactor | |
| Research Reactor |
| Capacity | |
| Below 100MW | |
| 100-1000MW | |
| Above 1000MW |
Germany Nuclear Power Reactor Decommissioning Market Size Summary
The German nuclear power reactor decommissioning market is poised for growth, driven by public safety concerns and the operational retirement of nuclear reactors. The market has shown resilience during the COVID-19 pandemic, with ongoing projects progressing without delays. The decommissioning of commercial power reactors is expected to accelerate, supported by government policies favoring a nuclear phase-out by 2022. This strategic shift is part of Germany's broader energy transition, which has seen a significant reduction in nuclear power's share in the electricity mix, influenced by the Fukushima disaster. The construction of a nuclear waste repository is also anticipated to facilitate the decommissioning process, providing a crucial infrastructure support.
Renewable energy sources have been rapidly expanding in Germany, contributing to the country's energy landscape and influencing the nuclear decommissioning market. Government initiatives and favorable policies have bolstered the growth of wind and solar energy, aligning with Germany's climate neutrality goals and its commitment to increasing renewable energy's share in electricity generation. The Renewable Energy Act and the European Union's legislative measures are key drivers in this transition, aiming for a substantial reduction in greenhouse gas emissions. The involvement of major players in the market, such as RWE AG and EnBW Energie Baden-Württemberg AG, underscores the moderately consolidated nature of the industry, which is expected to continue evolving in response to these developments.
Germany Nuclear Power Reactor Decommissioning Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Reactor Type
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2.1.1 Pressurized Water Reactor
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2.1.2 Pressurized Heavy Water Reactor
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2.1.3 Boiling Water Reactor
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2.1.4 High Temperature Gas-cooled Reactor
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2.1.5 Liquid Metal Fast Breeder Reactor
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2.1.6 Other Reactor Types
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2.2 Application
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2.2.1 Commercial Power Reactor
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2.2.2 Prototype Power Reactor
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2.2.3 Research Reactor
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2.3 Capacity
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2.3.1 Below 100MW
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2.3.2 100-1000MW
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2.3.3 Above 1000MW
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Germany Nuclear Power Reactor Decommissioning Market Size FAQs
What is the current Germany Nuclear Power Reactor Decommissioning Market size?
The Germany Nuclear Power Reactor Decommissioning Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Germany Nuclear Power Reactor Decommissioning Market?
EnBW Energie Baden-Württemberg AG, Energiewerke Nord GmbH (EWN), Orano Group, E.ON SE and RWE AG are the major companies operating in the Germany Nuclear Power Reactor Decommissioning Market.
