Global Nuclear Decommissioning Services Market was valued at approximately USD 6.05 billion in 2023 and is expected to exhibit a steady growth rate of around 5.1% over the forecast period from 2024 to 2032. The nuclear decommissioning services market plays a pivotal role in ensuring the safe and effective dismantling of nuclear power plants and facilities that have reached the end of their operational life. As the world grapples with aging nuclear infrastructure, the demand for these services is set to expand significantly. The market is driven by the increasing need to decommission reactors safely, manage radioactive waste effectively, and repurpose nuclear sites for other uses. The process is intricate, requiring adherence to strict regulatory standards and meticulous planning to protect public and environmental safety.

The demand for nuclear decommissioning services is further fueled by the aging nuclear facilities globally, with many reactors approaching the end of their service lives. The impending shutdown of these reactors creates a robust market for decommissioning services, as the need for safe dismantling and waste management becomes paramount. Governments and international bodies impose stringent regulations, necessitating comprehensive decommissioning protocols that ensure compliance and protect the environment. Furthermore, the growing public awareness and concern over nuclear safety drive the market's expansion, as societies demand the secure decommissioning of obsolete facilities to prevent environmental contamination. However, the high costs associated with nuclear decommissioning present a significant challenge to market growth. The complex nature of decommissioning activities, combined with the substantial financial resources required, can create hurdles for initiating and completing projects, particularly in regions facing economic instability. Despite these challenges, technological advancements in the field, including the use of robotics and remote handling equipment, offer opportunities for cost-effective and efficient decommissioning processes.

Regionally, Europe dominated the nuclear decommissioning services market in 2023, accounting for a substantial share due to the high number of reactors scheduled for closure. The region's market is also projected to grow steadily, driven by the continuous advancement in decommissioning technologies and strict regulatory frameworks. Meanwhile, North America is expected to exhibit the fastest growth, with several reactors in the U.S. slated for decommissioning in the coming years. Additionally, the Asia-Pacific region is anticipated to witness a rise in market demand as countries like Japan ramp up their decommissioning activities.

Major market players included in this report are:
Orano Group
Babcock International Group PLC
Westinghouse Electric Company LLC
AECOM
Studsvik AB
Bechtel Corporation
GE Hitachi Nuclear Energy
Ansaldo Energia
Jacobs (CH2M Hill Company Ltd.)
Magnox Ltd.
The detailed segments and sub-segment of the market are explained below:
By Reactor Type:
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR)
Gas Cooled Reactor (GCR)
Others
By Strategy:
Immediate Dismantling
Deferred Dismantling
Entombment
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market