Market Size of Europe Nuclear Reactor Decommissioning Industry
| 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 |
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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.
