Report : Europe Nuclear Decommissioning Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor); Strategy (Immediate Dismantling, Deferred Dismantling, Entombment); Application (Commercial Power Reactor, Research Power Reactor, Prototype); Capacity (Below 100 MW, 100 - 1,000 MW, Above 1,000 MW) and Country
Pressurized water reactor Segment to DominateEuropeNuclear Decommissioning Services Market during 2019–2027
According to a new market research study on “Europe Nuclear Decommissioning Services Market to 2027 – COVID-19 Impact and Country Analysis and Forecast by Reactor Type, Strategy, Application and Capacity,”is expected to reach US$ 4.29Bn by 2027 from US$ 2.68Bn in 2019. The market is estimated to grow at a CAGR of 6.2%from 2020 to 2027. The report provides trends prevailing in the Europe nuclear decommissioning service marketalong with the drivers and restraints pertaining to the market growth.As high cost is involved in decommissioning of nuclear power plants, establishing a company to decommission any nuclear power plant requires lump sum capital investments, massive manpower, and significant expertise toward the activity. Therefore, the competitive landscape of this market is majorly dominated by the well-established, industry-recognized, and financially balanced companies.
The decommissioning activities of nuclear facilities require significantly higher CAPEX due to the involvement and usage of advanced technologies. The higher CAPEX is one of the key parameters which limit the entry of new players in the nuclear decommissioning market. This parameter is expected to continue to dominate the industry over the upcoming years. Additionally, the need for substantial expertise toward respective job profiles in nuclear decommissioning is of utmost importance. Moreover, the decommissioning service providers require a massive workforce to complete a project. The nuclear decommissioning services market comprises several well-established and financially balanced service providers, which acquire most of the contracts from the governments or nuclear facility operators. These service providers compete with each other on various parameters, such as strategies, services, technology, lead-time, and pricing. These parameters enhance the competitiveness among the market players and are expected to maintain a high level of competitive rivalry among the nuclear decommissioning services market players over the years.
Babcock International Group PLC, Onet SA, Orano, Studsvik AB, NUVIA Group, PreussenElektra GmbH, NUKEM Technologies GmbH, GNS Gesellschaft fur Nuklear-Service GmbH, Atkins, and Sogin S.p.A.are among the leading companies in the Europe nuclear decommissioning service market.The listing of key players is derived by considering multiple factors such as core competencies, current nuclear decommissioning service portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities.
Europe Nuclear Decommissioning ServiceMarket, By Country, 2019 and 2027 (%)
The report segments the Europenuclear decommissioning servicemarketas follows:
Nuclear Decommissioning Service Market– By Reactor Type
- Pressurized Water Reactor
- Boiling Water Reactor
- Gas Cooled Reactor
Nuclear Decommissioning Service Market – By Strategy
- Immediate Dismantling
- Deferred Dismantling
Nuclear Decommissioning Service Market – By Application
- Commercial Power Reactor
- Prototype Power Reactor
- Research Reactor
Nuclear Decommissioning Service Market – By Capacity
- Below 100 MW
- 100 – 1,000 MW
- Above 1,000 MW
Nuclear Decommissioning Service Market – By Country
- Rest of Europe