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North America Nuclear Decommissioning Market Size, Share: By Reactor Type: Pressurised Water Reactor (PWR), Pressurised Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Gas Cooled Reactor (GCR), Others; By Strategy: Immediate Dismantling, Others; By Capacity; Regional Analysis; Competitive Landscape; 2024-2032
North America Nuclear Decommissioning Market Outlook
The North America nuclear decommissioning market size reached nearly USD 1.16 billion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching almost USD 1.85 billion by 2032.
Key Takeaways:
- As per the US Nuclear Regulatory Commission, 22 nuclear reactors are being decommissioned in the US across 18 sites.
- Pressurised water reactor (PWR) is expected to constitute a major portion of the North America nuclear decommissioning market share.
- The United States of America is expected to dominate the market over the forecast period.
Increasing safety concerns surrounding the operation of nuclear power plants amidst geopolitical tensions are prompting the US government to shift towards renewable sources of energy for powering up its households and industries. The high affordability of alternatives like solar and wind energy has made this shift increasingly attractive for consumers and industrialists. This is expected to accelerate the North America nuclear decommissioning market expansion in the forecast period.
The automation of key inspection and maintenance tasks at nuclear sites has emerged as one of the key North America nuclear decommissioning market trends. With the integration of LiDAR lasers on robots in high-radiation environments, workers can map their way around relatively less hazardous areas and perform clean-up operations. This ensures occupational safety and reduces the risk of adverse occurrences on site.
The decommissioning of nuclear power plants involves the safe disposal of nuclear wastes and the removal of all radioactive materials on-site. Deferred dismantling is the preferred strategy for nuclear decommissioning in North America because it minimises the levels of radioactive contamination over a long period of time, which provides companies with an opportunity to access loans for other decommissioning activities. This also reduces the overall cost of decommissioning, thereby contributing towards the North America nuclear decommissioning market growth.
Market Segmentation
North America Nuclear Decommissioning Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Reactor Type
- Pressurised Water Reactor (PWR)
- Pressurised Heavy Water Reactor (PHWR)
- Boiling Water Reactor (BWR)
- Gas Cooled Reactor (GCR)
- Others
Market Breakup by Strategy
- Immediate Dismantling
- Deferred Dismantling
- Entombment
Market Breakup by Capacity
- Up To 800 MW
- 801 MW – 1,000 MW
- Above 1,000 MW
Market Breakup by Country
- United States of America
- Canada
The key North America nuclear decommissioning market players are GE Hitachi Nuclear Energy Ltd., Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation), Centrus Energy Corp., Orano S.A., Westinghouse Electric Company LLC, NorthStar Group Services, Inc., Holtec International, Manafort Brothers Inc., Jacobs Solutions Inc., and Radiation Safety & Control Services, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Reactor Type |
|
| Breakup by Strategy |
|
| Breakup by Capacity |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Nuclear Decommissioning Market Overview
8.1 Key Industry Highlights
8.2 Global Nuclear Decommissioning Historical Market (2018-2023)
8.3 Global Nuclear Decommissioning Market Forecast (2024-2032)
8.4 Global Nuclear Decommissioning Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Nuclear Decommissioning Market Overview
9.1 Key Industry Highlights
9.2 North America Nuclear Decommissioning Historical Market (2018-2023)
9.3 North America Nuclear Decommissioning Market Forecast (2024-2032)
10 North America Nuclear Decommissioning Market by Reactor Type
10.1 Pressurised Water Reactor (PWR)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Pressurised Heavy Water Reactor (PHWR)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Boiling Water Reactor (BWR)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Gas Cooled Reactor (GCR)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Nuclear Decommissioning Market by Strategy
11.1 Immediate Dismantling
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Deferred Dismantling
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Entombment
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Nuclear Decommissioning Market by Capacity
12.1 Up To 800 MW
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 801 MW – 1,000 MW
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Above 1,000 MW
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 North America Nuclear Decommissioning Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 GE Hitachi Nuclear Energy Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Centrus Energy Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Orano S.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Westinghouse Electric Company LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 NorthStar Group Services, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Holtec International
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Manafort Brothers Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Jacobs Solutions Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Radiation Safety & Control Services, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nuclear Decommissioning Market: Key Industry Highlights, 2018 and 2032
2. North America Nuclear Decommissioning Market: Key Industry Highlights, 2018 and 2032
3. North America Nuclear Decommissioning Historical Market: Breakup by Reactor Type (USD Billion), 2018-2023
4. North America Nuclear Decommissioning Market Forecast: Breakup by Reactor Type (USD Billion), 2024-2032
5. North America Nuclear Decommissioning Historical Market: Breakup by Decommissioning Strategy (USD Billion), 2018-2023
6. North America Nuclear Decommissioning Market Forecast: Breakup by Decommissioning Strategy (USD Billion), 2024-2032
7. North America Nuclear Decommissioning Historical Market: Breakup by Capacity (USD Billion), 2018-2023
8. North America Nuclear Decommissioning Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
9. North America Nuclear Decommissioning Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Nuclear Decommissioning Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Nuclear Decommissioning Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 1.16 billion in 2023.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 1.85 billion in 2032.
The different reactor types in the market include pressurised water reactor (PWR), pressurised heavy water reactor (PHWR), boiling water reactor (BWR), and gas cooled reactor (GCR), among others.
The different segments based on capacity considered in the market report are up to 800 MW, 801 MW – 1,000 MW, and above 1,000 MW.
The major countries in the market include the United States of America and Canada.
The key market players are GE Hitachi Nuclear Energy Ltd., Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation), Centrus Energy Corp., Orano S.A., Westinghouse Electric Company LLC, NorthStar Group Services, Inc., Holtec International, Manafort Brothers Inc., Jacobs Solutions Inc., and Radiation Safety & Control Services, Inc., among others.
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