Nuclear Decommissioning Services Market, By Reactor Type (Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Gas Cooled Reactor (GCR), and Others (Pressurized Heavy Water Reactor (PHWR), etc.)), By Decommissioning Strategy (Immediate Dismantling, Deferred Dismantling, and Entombment), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Mar 2023

Code : CMI2594

Pages :150

Formats :

Excel and PDF

Industry : Energy

Regional Analysis

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East &Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East

Nuclear Decommissioning Services Market: Regional Analysis

Europe accounted for the largest market share in the global nuclear decommissioning services market. Stringent government regulations in Europe to support nuclear decommissioning activities are a major factor driving the growth of the market in the region. Europe is projected to become the world’s largest market for decommissioning and decontamination (D&D) in the next five years. Over half of the European Union’s 223 nuclear power plants are due for closure by 2025. The market in Asia Pacific is expected to witness the fastest growth in the global nuclear decommissioning services market over the forecast period. The ongoing nuclear decommissioning activities and initiatives of the governments in this region to reduce nuclear energy are major factors driving the growth of the nuclear decommissioning services market in Asia Pacific. For instance, in May 2018, the government of Taiwan announced plans to diversify the energy mix and replace nuclear power with clean energy such as wind and solar power.

Figure 2. Nuclear Decommissioning Services Market, By Region 2022