Germany Nuclear Power Reactor Decommissioning Market Size (2024 - 2029)

The German nuclear power reactor decommissioning market is poised for growth, driven by public safety concerns and the operational retirement of reactors. The market's expansion is supported by the government's commitment to phasing out nuclear power, which has already seen significant progress. Despite potential challenges due to the lengthy decommissioning process, the market is expected to gain momentum, particularly in the Commercial Power Reactor segment. The increasing prominence of renewable energy sources further catalyzes the market's development.

Home Market Analysis Energy & Power Research Decommissioning Research Nuclear Power Decommissioning Research Nuclear Reactor Decommissioning Research Germany Nuclear Power Reactor Decommissioning Market Market Size

Market Size of Germany Nuclear Power Reactor Decommissioning Industry

Germany Nuclear Power Reactor Decommissioning Market Size
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

Germany Nuclear Power Reactor Decommissioning Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Need A Different Region Or Segment?
Customize Now

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.

Explore More

Germany Nuclear Power 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 billion, till 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 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Reactor Type

      1. 2.1.1 Pressurized Water Reactor

      2. 2.1.2 Pressurized Heavy Water Reactor

      3. 2.1.3 Boiling Water Reactor

      4. 2.1.4 High Temperature Gas-cooled Reactor

      5. 2.1.5 Liquid Metal Fast Breeder Reactor

      6. 2.1.6 Other Reactor Types

    2. 2.2 Application

      1. 2.2.1 Commercial Power Reactor

      2. 2.2.2 Prototype Power Reactor

      3. 2.2.3 Research Reactor

    3. 2.3 Capacity

      1. 2.3.1 Below 100MW

      2. 2.3.2 100-1000MW

      3. 2.3.3 Above 1000MW

Germany Nuclear Power Reactor Decommissioning Market Size FAQs

The Germany Nuclear Power Reactor Decommissioning Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

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.

Germany Nuclear Power Reactor Decommissioning Report Snapshots

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