Market Size of Asia-Pacific Nuclear Power Reactor Decommissioning Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia Pacific Nuclear Power Reactor Decommissioning Market Analysis
The Asia Pacific Nuclear Power Reactor Decommissioning Market is expected to grow at a CAGR of more than 6% over the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, increasing penetration of renewable energy sources such as solar and wind, which produce cleaner and more economical energy, are expected to drive the market during the forecasted period.
- On the other hand, the high cost of decommissioning plants and few numbers of mature power plants are significant restraints expected to hinder the market's growth during the forecasted period.
- Nevertheless, the increasing usage of robots and artificial intelligence for plant decommissioning is expected to create significant opportunities for the Asia Pacific nuclear power reactor decommissioning market.
- Japan is expected to dominate the Asia Pacific nuclear power reactor decommissioning market over the forecast period due to the increasing decommissioning projects and supportive government policies.
