North America 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

Market Introduction

As a greater number of nuclear power plants are nearing the end of the operational timeline, the operators and the governments are planning to decommission the facilities, and this activity is increasingly becoming mainstream, thereby driving the nuclear decommissioning services market. In the recent scenario, the decommissioning of nuclear facilities is outpacing the construction of newer facilities across the major regions. According to the World Nuclear Industry Status Report (WNISR), during the mid-2018, 115 nuclear reactors have been decommissioned, and ~70% of the world’s 173 reactors that have been permanently shut down. These statistics showcase the demand for decommissioning services, which is catalyzing the nuclear decommissioning services market. The average lifespan of nuclear power plants is 30 years; however, with refurbishments, several numbers of facilities continue to operate for another 20–30 years. Since the majority of the governments are inclining toward the construction of newer nuclear facilities with advanced technologies, the focus toward decommissioning of older facilities is higher, which is increasing the involvement of decommissioning service providers in the industry.

Market Overview and Dynamics

The nuclear decommissioning service market in North America was valued US$ 1.92 billion in 2019 and is projected to reach US$ 3.35 billion by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027. Nuclear Regulatory Commission (NRC) and International Atomic Energy Agency (IAEA), among others, are the governing authorities that are increasingly emphasizing decommissioning to reduce the risk of radioactive emission from nuclear reactor sites. This factor is anticipated to drive the growth of the nuclear decommissioning services market. According to IEA, a total of 411 nuclear power plants are set to be decommissioned by 2040, comprising 295 commercial power plants and 116 research reactors.

Key Market Segments

In terms of reactor type, the pressurized water reactor segment accounted for the largest share of the North America nuclear decommissioning service market in 2019. Whereas, by application, the commercial reactor segment held a larger market share of the nuclear decommissioning service market in 2019. Further, based on country, the U.S.  held the largest share of the North American market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the nuclear decommissioning service market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AECOM, Bechtel Corporation, EnergySolutions, GE Hitachi Nuclear Energy (GEH), Westinghouse Electric Company LLC, NorthStar Group Services, Inc., Manafort Brothers Incorporated, Fluor Corporation, Atkins, and Babcock International Group PLC.

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NORTH AMERICA NUCLEAR DECOMMISSIONING SERVICE MARKET SEGMENTATION

By Reactor Type

• Pressurized Water Reactor
• Boiling Water Reactor
• Gas Cooled Reactor

By Strategy

• Immediate Dismantling
• Deferred Dismantling
• Entombment

By Application

• Commercial Power Reactor
• Prototype Power Reactor
• Research Reactor

By Capacity

• Below 100 MW
• 100 – 1,000 MW
• Above 1,000 MW

By Country

• U.S.
• Canada

Company Profiles

• AECOM
• Bechtel Corporation
• EnergySolutions
• GE Hitachi Nuclear Energy (GEH)
• Westinghouse Electric Company LLC
• NorthStar Group Services, Inc.
• Manafort Brothers Incorporated
• Fluor Corporation
• Atkins
• Babcock International Group PLC

1. AECOM
2. Bechtel Corporation
3. EnergySolutions
4. GE Hitachi Nuclear Energy (GEH)
5. Westinghouse Electric Company LLC
6. NorthStar Group Services, Inc.
7. Manafort Brothers Incorporated
8. Fluor Corporation
9. Atkins
10. Babcock International Group PLC

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