Market Snapshot
2017-2024
2018
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Market Overview
The market for Europe nuclear power reactor decommissioning is expected to grow at a CAGR of approximately 10% during the forecast period of 2019 – 2024. Major factors driving the market include the increasing number of nuclear reactors reaching operational retirement, declining prices of renewable power generation sources (i.e., wind & solar) rendering nuclear power less economical, and growing sensitivity toward environmental issues. On the other hand, the increasing adoption of alternate energy sources, such as gas-based power and solar power, are likely to hinder the market growth.
- The decommissioning activity of research reactors is expected to register the highest growth, owing to the reduced requirement of the same, as there is a decreasing trend in research & development activity in the nuclear industry.
- At least two reactor sites are expected to be suspended in Germany by 2020, similarly, during 2020-2025, around 4 reactor sites are likely to be shut down in the United Kingdom, and six in Germany. Therefore, these countries are expected to create enormous opportunities for nuclear-decommissioning market during the forecast period.
- France, Germany, Sweden, and Russia are the regional hotspots for the nuclear power reactor decommissioning market.
Scope of the Report
The Europe nuclear power reactor decommissioning market report include:
| Reactor Type | |
| Pressurized Water Reactor | |
| Boiling Water Reactor | |
| Gas Cooled Reactor | |
| Other Reactors |
| Application | |
| Commercial Power Reactor | |
| Prototype Power Reactor and Research Reactor |
| Capacity | |
| Below 100 MW | |
| Between 100 & 1000 MW | |
| Above 1000 MW |
| Geography | |
| France | |
| Germany | |
| Russia | |
| Sweden | |
| Rest of Europe |
Key Market Trends
Research Reactors set to be the Fastest Growing Segment
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The decommissioning of research reactors is in a growing phase, owing to reduced requirement of research reactors. The shifting of focus from nuclear power, has led to reduction in research activities associated with nuclear technology.
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The decommissioning activities of several research reactors have been initiated on account of higher cost associated with regulatory compliances over a period of time. Moreover, sometimes cost of maintaining research reactors can be more than the decommissioning cost and hence market for such reactors is likely to grow during the forecast period.
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The policy to curtail nuclear power generation in European countries would decimate the requirement of research reactors which is expected to drive the decommissioning market in near future.
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France Driving the Market Demand
- 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.
- The country is aiming 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 nuclear decommissioning market is poised to grow in the country.
- Last year in 2018, 13 experimental power reactors were being decommissioned in France, nine being first generation gas-cooled, graphite-moderate types and six being similar to UK Magnox type. They have been shut down since 1990 or before and dismantling is in progress.
- 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, which causes a growing demand for decommissioning and dismantling services.
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Competitive Landscape
- The market for Europe nuclear power reactor decommissioning remains moderately consolidated, with the presence of a large number firms, including Babcock International Group PLC, James Fisher & Sons PLC, Fluor Corporation, GE Hitachi Nuclear Services, and Studsvik AB.
Major Players
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Scope of Study
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1.2 Market Definition
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1.3 Study Assumptions
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1.4 Study Deliverables
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1.5 Research Phases
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Nuclear Power Generation and Consumption, in TWh and in Mtoe
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4.3 Recent Trends and Developments
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4.4 Market Dynamics
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4.4.1 Drivers
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4.4.2 Restraints
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4.5 Supply Chain Analysis
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4.6 Porter's Five Forces Analysis
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4.6.1 Bargaining Power of Suppliers
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4.6.2 Bargaining Power of Consumers
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4.6.3 Threat of New Entrants
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4.6.4 Threat of Substitute Products and Services
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4.6.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Reactor Type
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5.1.1 Pressurized Water Reactor
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5.1.2 Boiling Water Reactor
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5.1.3 Gas Cooled Reactor
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5.1.4 Other Reactors
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5.2 Application
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5.2.1 Commercial Power Reactor
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5.2.2 Prototype Power Reactor and Research Reactor
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5.3 Capacity
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5.3.1 Below 100 MW
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5.3.2 Between 100 & 1000 MW
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5.3.3 Above 1000 MW
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5.4 Geography
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5.4.1 France
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5.4.2 Germany
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5.4.3 Russia
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5.4.4 Sweden
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5.4.5 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Babcock International Group PLC
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6.3.2 James Fisher & Sons PLC
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6.3.3 Fluor Corporation
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6.3.4 GE Hitachi Nuclear Services
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6.3.5 Studsvik AB
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6.3.6 WS Atkins Plc
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6.3.7 Areva SA
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6.3.8 AECOM
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6.3.9 Bechtel Group, Inc.
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6.3.10 Westinghouse Electric Company
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
