Europe Nuclear Decommissioning Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Nuclear Decommissioning Market Analysis
The Europe nuclear reactor decommissioning market is projected to register a CAGR of over 10% during the forecast period.
The market was moderately impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the increasing number of nuclear reactors reaching operational retirement plants is expected to drive the market's growth.
- On the flip side, the lifetime extension of nuclear power plants with favorable government policies is expected to hinder the market growth.
- Nuclear phase-out policies in several countries, such as Germany and the United Kingdom, are expected to create several opportunities for foreign and domestic players to provide the necessary expertise that the countries need to develop their decommissioning market.
- France, one of the major decommissioning hotspots, is expected to be the fastest-growing nuclear power reactor decommissioning market.
Europe Nuclear Decommissioning Market Trends
This section covers the major market trends shaping the Europe Nuclear Decommissioning Market according to our research experts:
Research Reactors to Dominate the Market
- The decommissioning of research reactors is in a phase where it's growing due to the reduced requirement of research reactors. The shifting focus from nuclear power has led to a reduction in research activities associated with nuclear technology.
- As of May 2022, there were 172 operational nuclear reactors in Europe. France has by far the most operational reactors, at 56 units. In contrast, the United Kingdom has the most significant number of permanently shut-down reactors, at 34 units.
- The decommissioning activities of several research reactors have been initiated because of the higher costs associated with regulatory compliances over time. Moreover, sometimes the cost of maintaining research reactors can be more than the decommissioning cost, and hence, the market for such reactors is likely to grow during the forecast period.
- Further, in early 2020, French multinational electric utility company ENGIE expanded its partnership on research & development of nuclear technologies with the French Alternative Energies and Atomic Energy Commission, CEA. The two partners are expected to focus on several aspects of nuclear energy, including decommissioning, dismantling, and decontamination of nuclear installations, control of radiation protection, and management of radioactive releases and waste.
- Moreover, the policy to curtail nuclear power generation in European countries will decimate the requirement for research reactors, which is expected to drive the decommissioning market in the near future.
France to Witness Significant Growth
- France is heavily dependent on nuclear power for its electricity generation, and the country has about 58 nuclear power reactors whose infrastructure's overall average age is 30 years.
- In 2021, France had 56 active nuclear reactors. The number of nuclear reactors in France peaked from 2000 to 2005, with 59 nuclear reactors actively generating electricity.
- The country aims to diversify its energy mix by lowering nuclear energy generation from 75% to 50% of the total electricity generation by 2025. As a result, the country's nuclear decommissioning market is expected to grow.
- Moreover, the French government is aiming at nuclear decommissioning in its Multiannual Energy Programme, which aims to reduce the contribution of nuclear power in the French energy mix by 25% by 2035. As a part of the program, 14 power reactors will be shut down by 2035.
- In February 2020, the country began gradually shutting its aging Fessenheim plant. The removal of the fuel is expected to be completed by the summer of 2023, and the complete decommissioning is expected to be completed by 2040 at the earliest. The move fits into the government's broader energy strategy to reduce French dependence on nuclear energy from supplying 75% of its electricity to about 50% by 2035.
- Furthermore, in September 2021, Electricité de France's (EDF) Decommissioning and Waste Management Directorate and International Atomic Energy Agency agreed to work together to help countries to strengthen technology and human resources development for decommissioning nuclear power reactors.
- Decommissioning is projected to become an increasingly important part of the nuclear sector activity in the coming decades as many reactors are expected to reach their technical lifetime very soon, increasing the demand for decommissioning and dismantling services.
Europe Nuclear Decommissioning Industry Overview
The European nuclear reactor decommissioning market is moderately consolidated in nature. Some of the major players in the market (in no particular order) include Cavendish Nuclear Ltd, Fluor Corporation, GE Hitachi Nuclear Services, James Fisher and Sons PLC, and Electricite de France SA.
Europe Nuclear Decommissioning Market Leaders
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Cavendish Nuclear Ltd
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Fluor Corporation
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GE Hitachi Nuclear Services
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James Fisher and Sons PLC
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Electricite de France SA
*Disclaimer: Major Players sorted in no particular order
Europe Nuclear Decommissioning Market News
- June 2022- The Spanish decommissioning and waste management firm Enresa announced the completion of the demolition works on the last remaining large building, the turbine building, at the Jose Cabrera (Zorita) nuclear power plant in Spain. The 30 meters high structure made of reinforced concrete was converted to the Auxiliary Decommissioning Building, where radioactive waste from dismantling the plant's active parts was conditioned.
- December 2021- Westinghouse Electric Company signed a contract with RWE Nuclear GmbH to dismantle two reactors in the Gundremmingen nuclear facility in Germany. The contract includes several scopes, such as dismantling and packaging the reactor pressure vessels, reactor heads, reactor internals, storage racks, and adjacent concrete shielding structures.
Europe Nuclear Decommissioning Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD Million Until 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Reactor Type
5.1.1 Pressurized Water Reactor
5.1.2 Boiling Water Reactor
5.1.3 Gas Cooled Reactor
5.1.4 Other Reactor Types
5.2 By Application
5.2.1 Commercial Power Reactor
5.2.2 Prototype Power Reactor
5.2.3 Research Reactor
5.3 By Capacity
5.3.1 Below 100 MW
5.3.2 Between 100 - 1000 MW
5.3.3 Above 1000 MW
5.4 By Geography
5.4.1 France
5.4.2 Germany
5.4.3 United Kingdom
5.4.4 Ukraine
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Babcock International Group PLC
6.3.2 Cavendish Nuclear Ltd
6.3.3 Electricite de France SA
6.3.4 Fluor Corporation
6.3.5 GE Hitachi Nuclear Services
6.3.6 James Fisher & Sons PLC
6.3.7 NorthStar Group Services Inc.
6.3.8 Studsvik AB
6.3.9 WS Atkins PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Nuclear Decommissioning Industry Segmentation
Decommissioning is the last step in the life cycle of a nuclear power facility. Decommissioning transforms the nuclear facility into an end-state compliant with national regulatory requirements. Previously nuclear plants were designed for 30-40 years of operating life and these power plants had to be decommissioned after the completion of their operational life. However, new plants are designed for 40-60 years of operating life. At the end of the life of any power plant the reactor needs to be decommissioned, cleaned up, and dismantled so that the site is available for other users.
The Europe nuclear reactor decommissioning market is segmented by Reactor Type (Pressurized Water Reactor, Boiling Water Reactor, Gas Cooled Reactor, and Other Reactor Types), Application (Commercial Power Reactor, Prototype Power Reactor, and Research Reactor), Capacity (Below 100 MW, Between 100 - 1000 MW, and Above 1000 MW), and Geography (France, Germany, United Kingdom, Ukraine, and Rest of Europe). The report offers the market size and forecasts in revenue (USD million) for all the above segments.
| By Reactor Type | |
| Pressurized Water Reactor | |
| Boiling Water Reactor | |
| Gas Cooled Reactor | |
| Other Reactor Types |
| By Application | |
| Commercial Power Reactor | |
| Prototype Power Reactor | |
| Research Reactor |
| By Capacity | |
| Below 100 MW | |
| Between 100 - 1000 MW | |
| Above 1000 MW |
| By Geography | |
| France | |
| Germany | |
| United Kingdom | |
| Ukraine | |
| Rest of Europe |
Europe Nuclear Decommissioning Market Research FAQs
What is the current Europe Nuclear Reactor Decommissioning Market size?
The Europe Nuclear Reactor Decommissioning Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Europe Nuclear Reactor Decommissioning Market?
Cavendish Nuclear Ltd, Fluor Corporation, GE Hitachi Nuclear Services, James Fisher and Sons PLC and Electricite de France SA are the major companies operating in the Europe Nuclear Reactor Decommissioning Market.
What years does this Europe Nuclear Reactor Decommissioning Market cover?
The report covers the Europe Nuclear Reactor Decommissioning Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Nuclear Reactor Decommissioning Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Nuclear Reactor Decommissioning Industry Report
Statistics for the 2024 Europe Nuclear Reactor Decommissioning market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Nuclear Reactor Decommissioning analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
