United States Nuclear Power Reactor Decommissioning Market Size (2024 - 2029)

The United States nuclear power reactor decommissioning market is anticipated to experience significant growth over the forecast period, driven by the retirement of nuclear power reactors. However, the market's expansion may be hindered by the high costs associated with decommissioning and the increasing shift towards renewable energy sources. Despite these challenges, advancements in technology, such as the use of robots and artificial intelligence, are expected to enhance safety and create new opportunities within the market.

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Market Size of United States Nuclear Power Reactor Decommissioning Industry

United States Nuclear Power Reactor Decommissioning Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.00 %
Market Concentration Low

Major Players

United States Nuclear Power Reactor Decommissioning Market Major Players

*Disclaimer: Major Players sorted in no particular order

United States Nuclear Power Reactor Decommissioning Market Analysis

The United States nuclear power reactor decommissioning market is expected to register a CAGR of more than 11% during the forecast period.

  • Over the medium term, factors such as nuclear power reactors reaching operational retirement are likely to drive the United States nuclear power reactor decommissioning market.
  • On the other hand, the high cost of decommissioning nuclear plants and the increasing adoption of renewable energy are expected to restrain the United States nuclear power reactor decommissioning market.
  • Nevertheless, increasing the use of robots and artificial intelligence in the decommissioning of the nuclear reactor, is safer and is likely going to create several opportunities for the United States nuclear power reactor decommissioning market in the future.

United States Nuclear Power Reactor Decommissioning Industry Segmentation

The nuclear power reactor decommissioning market includes defueling, deconstruction, and dismantling of nuclear power reactors. These are the steps in the decommissioning lifecycle of a nuclear power reactor.

The United States nuclear power reactor decommissioning market is segmented by reactor type, application, and capacity. By reactor type, the market is segmented into pressurized water reactor, pressurized heavy water reactor, boiling water reactor, high-temperature gas-cooled reactor, liquid metal fast breeder reactor, and other reactor types. By application, the market is segmented into commercial power reactors, prototype power reactors, and research reactors. By capacity, the market is segmented into three categories: below 100 MW, 100-1000 MW, and above 1000 MW. For each segment, market sizing and forecasts have been done based on revenue (USD million).

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 100 MW
100-1000 MW
Above 1000 MW
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United States Nuclear Power Reactor Decommissioning Market Size Summary

The United States nuclear power reactor decommissioning market is poised for significant growth, driven by the retirement of aging nuclear reactors. As the country shifts towards renewable energy sources, the decommissioning of nuclear facilities is becoming increasingly important. The market is characterized by the transition from traditional energy sources to more sustainable options, with solar and wind energy gaining traction due to their cost-effectiveness and environmental benefits. Despite the high costs associated with decommissioning, advancements in robotics and artificial intelligence are expected to enhance safety and efficiency, creating new opportunities within the industry.

The market landscape is moderately fragmented, with key players such as EnergySolutions, AECOM, and NorthStar Group Services actively participating in decommissioning projects. The decline in the number of active nuclear reactors, coupled with the rise in renewable energy installations, is reshaping the energy sector in the United States. As the country aims to increase its renewable energy mix significantly, the decommissioning market is expected to expand, supported by private companies taking over licenses and responsibilities for retired plants. This shift is further accelerated by the competitive pressure from low-cost shale gas and the need to address greenhouse gas emissions, positioning the decommissioning market for robust growth in the coming years.

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United States 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 million, till 2028

    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 100 MW

      2. 2.3.2 100-1000 MW

      3. 2.3.3 Above 1000 MW

United States Nuclear Power Reactor Decommissioning Market Size FAQs

The United States Nuclear Power Reactor Decommissioning Market is projected to register a CAGR of greater than 11% during the forecast period (2024-2029)

EnergySolutions, AECOM, NorthStar Group Services, Inc, Manafort Brothers Incorporated and Orano SA are the major companies operating in the United States Nuclear Power Reactor Decommissioning Market.

United States Nuclear Power Reactor Decommissioning Report Snapshots

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