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.
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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. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Nuclear Decommissioning Services Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Additional Customization
4.4.1 Nuclear Decommissioning Services Contracts
5. Nuclear Decommissioning Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in number of aging nuclear plant infrastructure
5.2 Market Restraints
5.2.1 Potential postponement in decommissioning of the nuclear power plant
5.3 Market Opportunities
5.3.1 Integration of robotics solutions to aid in decommissioning activities
5.4 Future Trends
5.4.1 Rise of nuclear based power plants
5.5 Impact Analysis of Drivers and Restraints
6. Nuclear Decommissioning Services – North America Market Analysis
6.1 Nuclear Decommissioning Services Market Overview
6.2 Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Nuclear Decommissioning Services Market Analysis By Reactor Type
7.1 Overview
7.2 North America: Nuclear Decommissioning Services Market Breakdown, by Reactor Type, 2019 & 2027
7.3 Pressurized Water Reactor
7.3.1 Overview
7.3.2 Pressurized Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Boiling Water Reactor
7.4.1 Overview
7.4.2 Boiling Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Gas Cooled Reactor
7.5.1 Overview
7.5.2 Gas Cooled Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
8. Nuclear Decommissioning Services Market Analysis By Strategy
8.1 Overview
8.2 North America: Nuclear Decommissioning Services Market Breakdown, by Strategy, 2019 & 2027
8.3 Immediate Dismantling
8.3.1 Overview
8.3.2 Immediate Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Deferred Dismantling
8.4.1 Overview
8.4.2 Deferred Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Entombment
8.5.1 Overview
8.5.2 Entombment: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
9. Nuclear Decommissioning Services Market Analysis By Application
9.1 Overview
9.2 Nuclear Decommissioning Services Market Breakdown, by Application, 2019 & 2027
9.3 Commercial Power Reactor
9.3.1 Overview
9.3.2 Commercial Power Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Prototype Reactor
9.4.1 Overview
9.4.2 Prototype Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million).
9.5 Research Reactor
9.5.1 Overview
9.5.2 Research Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
10. Nuclear Decommissioning Services Market Analysis By Capacity
10.1 Overview
10.2 North America: Nuclear Decommissioning Services Market Breakdown, by Capacity, 2019 & 2027
10.3 Below 100 MW
10.3.1 Overview
10.3.2 Below 100 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
10.4 – 1,000 MW
10.4.1 Overview
10.4.2 – 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Above 1,000 MW
10.5.1 Overview
10.5.2 Above 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
11. Nuclear Decommissioning Services Market – Geographic Analysis
11.1 North America: Nuclear Decommissioning Services Market
11.1.1 North America: Nuclear Decommissioning Services Market, By Country
11.1.1.1 US: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
11.1.1.1.1 US: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.1.2 US: Nuclear Decommissioning Services Market, By Strategy
11.1.1.1.3 US: Nuclear Decommissioning Services Market, By Application
11.1.1.1.4 US: Nuclear Decommissioning Services Market, By Capacity
11.1.1.2 Canada: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
11.1.1.2.1 Canada: Nuclear Decommissioning Services Market, By Reactor Type
11.1.1.2.2 Canada: Nuclear Decommissioning Services Market, By Strategy
11.1.1.2.3 Canada: Nuclear Decommissioning Services Market, By Application
11.1.1.2.4 Canada: Nuclear Decommissioning Services Market, By Capacity
12. Impact of COVID-19 Pandemic on Global Nuclear Decommissioning Services Market
12.1 Overview
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 AECOM
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Bechtel Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 EnergySolutions
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 GE Hitachi Nuclear Energy (GEH)
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Westinghouse Electric Company LLC
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 NorthStar Group Services, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Manafort Brothers Incorporated
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Fluor Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Atkins
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Babcock International Group PLC
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. Nuclear Decommissioning Services Market – Revenue, and Forecast to 2027 (USD Million)
Table 3. Upcoming Nuclear Power Plant Retirement
Table 4. US Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 5. US Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 6. US Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 7. US Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Nuclear Decommissioning Services Market, By Reactor Type – Revenue and Forecast To 2027 (USD Million)
Table 9. Canada Nuclear Decommissioning Services Market, By Strategy – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Nuclear Decommissioning Services Market, By Application – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Nuclear Decommissioning Services Market, By Capacity – Revenue and Forecast to 2027 (USD Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. Nuclear Decommissioning Services Market Segmentation
Figure 2. Nuclear Decommissioning Services Market Segmentation – By Geography
Figure 3. North America Nuclear Decommissioning Services Market Overview
Figure 4. North America Nuclear Decommissioning Services Market, by Country
Figure 5. North America Nuclear Decommissioning Services Market, By Reactor Type
Figure 6. North America Nuclear Decommissioning Services Market, By Strategy
Figure 7. North America Nuclear Decommissioning Services Market, By Application
Figure 8. North America Nuclear Decommissioning Services Market, By Capacity
Figure 9. Nuclear Decommissioning Services Market – Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis
Figure 11. Nuclear Decommissioning Services Market Impact Analysis of Drivers and Restraints
Figure 12. Global: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 13. Nuclear Decommissioning Services Market Breakdown, by Reactor Type (2019 and 2027)
Figure 14. Pressurized Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027(US$ Million)
Figure 15. Boiling Water Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027 (US$ Million)
Figure 16. Gas Cooled Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast To 2027 (US$ Million)
Figure 17. Nuclear Decommissioning Services Market Breakdown, by Strategy (2019 and 2027)
Figure 18. Immediate Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Deferred Dismantling: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Entombment: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 21. Nuclear Decommissioning Services Market Breakdown, by Application (2019 and 2027)
Figure 22. Commercial Power Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Prototype Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. Research Reactor: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 25. Nuclear Decommissioning Services Market Breakdown, by Capacity (2019 and 2027)
Figure 26. Below 100 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 27. – 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 28. Above 1,000 MW: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027(US$ Million)
Figure 29. North America Nuclear Decommissioning Services Market Revenue Share, By Country (2019 and 2027)
Figure 30. US: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Canada: Nuclear Decommissioning Services Market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Impact of COVID-19 Pandemic in North American Country Markets
- 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
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