Europe Nuclear Reactor Decommissioning Market - Growth, Trends, and Forecasts (2020 - 2025)

The Europe Nuclear Reactor 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).

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

10 %

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Market Overview

The European nuclear reactor decommissioning market is expected to register approximately a CAGR of more than 10% during the forecast period 2020-2025. Factors, such as the increasing number of nuclear reactors reaching operational retirement, declining prices of renewable power generation sources (i.e., wind and solar), which, in turn, are rendering nuclear power less economical, and growing sensitivity toward environmental issues, are expected to drive the market in the coming years. However, the increasing adoption of alternate energy sources, such as gas-based power and solar power is likely to hinder the market growth during the forecast period.

  • The decommissioning activity of research reactors is expected to be the largest market during the forecast period, owing to the reduced requirement of the same, as there is a decreasing trend in research and 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 four 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 players.
  • France, Germany, Sweden, and Russia are the regional hotspots for the nuclear power reactor decommissioning market.

Scope of the Report

The Europe nuclear reactor decommissioning report include:

Reactor Type
Pressurized Water Reactor
Boiling Water Reactor
Gas Cooled Reactor
Other Reactor Types
Application
Commercial Power Reactor
Prototype Power Reactor
Research Reactor
Capacity
Below 100 MW
Between 100 - 1000 MW
Above 1000 MW
Geography
France
Germany
United Kingdom
Ukraine
Rest of Europe

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Key Market Trends

Research Reactors to Dominate the Market

  • The decommissioning of research reactors is in a growing phase, owing to the reduced requirement of research reactors. The shifting of focus from nuclear power has led to a reduction in research activities associated with nuclear technology.
  • The decommissioning activities of several research reactors have been initiated on account of the higher costs associated with regulatory compliances over a period of 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.
  • In Germany, as of January 2020, 11 of 19 nuclear power reactors have been ordered by the federal government to be shut down immediately, out of which maximum are research reactors. Thus, Germany is expected to increase the demand for nuclear power reactor decommissioning market during the forecast period.
  • Moreover, 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 to Drive 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.
  • 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.
  • 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 an increasing demand for decommissioning and dismantling services.

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Competitive Landscape

The European nuclear reactor decommissioning market is moderately consolidated. Some of the key players are Cavendish Nuclear Ltd, Fluor Corporation, GE Hitachi Nuclear Services, James Fisher and Sons PLC, and Electricite de France SA.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, until 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Reactor Type

      1. 5.1.1 Pressurized Water Reactor

      2. 5.1.2 Boiling Water Reactor

      3. 5.1.3 Gas Cooled Reactor

      4. 5.1.4 Other Reactor Types

    2. 5.2 Application

      1. 5.2.1 Commercial Power Reactor

      2. 5.2.2 Prototype Power Reactor

      3. 5.2.3 Research Reactor

    3. 5.3 Capacity

      1. 5.3.1 Below 100 MW

      2. 5.3.2 Between 100 - 1000 MW

      3. 5.3.3 Above 1000 MW

    4. 5.4 Geography

      1. 5.4.1 France

      2. 5.4.2 Germany

      3. 5.4.3 United Kingdom

      4. 5.4.4 Ukraine

      5. 5.4.5 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Babcock International Group PLC

      2. 6.3.2 Cavendish Nuclear Ltd

      3. 6.3.3 Electricite de France SA

      4. 6.3.4 Fluor Corporation

      5. 6.3.5 GE Hitachi Nuclear Services

      6. 6.3.6 James Fisher & Sons PLC

      7. 6.3.7 NorthStar Group Services Inc.

      8. 6.3.8 Studsvik AB

      9. 6.3.9 WS Atkins PLC

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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