Market Size of North America Nuclear Power Reactor Decommissioning Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 9.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Nuclear Power Reactor Decommissioning Market Analysis
The North American nuclear power reactor decommissioning market is expected to register a CAGR of over 9% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, an increasing number of nuclear reactors reaching operational retirement is expected to drive the growth of the nuclear power reactor decommissioning market in North America.
- On the other hand, technical drawbacks of string inverters are expected to hamper the growth of the market during the forecast period.
- Nuclear phase-out policies in countries such as the United States and Canada will likely create lucrative growth opportunities for the North American nuclear power reactor decommissioning market during the forecast period.
- The United States dominates the market and is likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing decommissioning of its old nuclear plants.
