Market Size of Germany 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 | > 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Nuclear Power Reactor Decommissioning Market Analysis
The German nuclear power reactor decommissioning market is expected to register a CAGR of around 3.5% during the forecast period. The COVID-19 pandemic did not have much effect on the nuclear power reactor decommissioning market as the ongoing decommissioning projects progressed smoothly without any delays to meet the deadline. During 2020-2021, three commercial power reactors were decommissioned, namely Gundremmingen-C, Grohnde, and Brokdorf nuclear power plants. The German nuclear power reactor decommissioning market is expected to catch a pace in the near future, mainly due to the public safety concerns aroused in the government's vision due to the famous Fukushima disaster in Japan, and secondly, the operational retirement of nuclear reactors in the country. The market can be hampered by the long duration taken by the decommissioning projects.
- The Commercial Power Reactor segment is expected to witness decommissioning at the fastest rate due to the upcoming decommissioning projects in the country of the type.
- The new German government's strong support for the nuclear power phase-out by 2022 is the biggest opportunity for the market. The country has decommissioned around half of its nuclear power generation fleet by 2021 with fast-tracked government support, and three commercial power plants are going to be dysfunctional by 2022.
- The high growth of renewables in the power generation sector is expected to catalyze the nuclear power decommissioning market in the near future.
