Nuclear Decommissioning Market Size & Share, by Reactor Type [Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR)]; Decommissioning Strategy (Immediate Dismantling, Deferred Dismantling, Entombment); Capacity (Up to 800 MW, 801 MW-1000 MW, Above 1000 MW) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 6018
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Nuclear Decommissioning Market size is slated to reach USD 8.5 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of nuclear decommissioning was USD 4.5 Billion. The major element that fuels the market revenue is the growing operation of nuclear power reactors. For instance, in the year 2023, approximately 419 power reactors were operating across the globe. Furthermore, amongst these over 199 nuclear reactors might begin the process of decommissioning by 2050.

Furthermore, the prevalence of nuclear accidents has also surged significantly in the world. These nuclear accidents are estimated to create dangerous radiation emergencies. If it explodes on the ground, the radiation might absorb material from the air and produce harmful radioactive particles known as fallout. Moreover, this is further set to increase the fatality rate and influence the rise in the number of diseases including cardiovascular disease, cataracts, and more. As a result, governments are encouraging the adoption of nuclear decommissioning post-nuclear accidents.

Nuclear Decommissioning Market
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Nuclear Decommissioning Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing consumption of renewable energy - It is predicted that over 34% of power generation capacity across the world will be satisfied by renewable energy. This growth in the consumption of renewable energy is poised to be encouraged by rising oil prices, growing carbon levels, and more. Hence, even authorities are launching various initiatives to boost the adoption of renewable energy.
  • Closing down of outdated nuclear power plant - The global nuclear decommissioning market revenue is set to witness a significant rise, led by the rising number of outdated nuclear power plants which has surpassed lifespans. A large number of power plant facilities were developed across the world many decades ago to satisfy the growing need for electricity. However, these power plants have now exited the stage where their operation has been estimated to not be safe and economically viable. Therefore, the need to decommission these plants in an efficient, safe, and environmentally responsible manner has grown. As a result, the demand for nuclear decommissioning has increased since it is believed to efficiently handle the dismantling and disposal of radioactive materials. It also helps in making sure that these plants are shut down in conformity with stringent regulatory standards.
  • Surging environmental issues - The increasing environmental concern is forecasted to drive the nuclear decommissioning market expansion. A large number of people are becoming aware of the adverse effects of radioactive waste on the environment. For instance, if the radionuclides from power plants are released into the marine environment, they may notably affect the reproductivity of marine life. Hence, people are significantly demanding the safe means of disposing of this waste. Decommissioning eliminates the nuclear fuel from a nuclear power plant and guides in eliminating the risk of termination of operating licenses.


  • Growing issue in managing & disposing of waste from nuclear plants - The decommission services facilities deal with radioactive material with complex structures which impose various technology challenges. As a result, managing and disposing of waste becomes difficult which will affect the nuclear decommissioning market’s growth.
  • Surging price challenge - The nuclear decommissioning sector experiences several hindrances including high costs of the decommissioning process. Decommissioning includes activities such as waste management, decontamination, and site restoration, which require substantial financial resources. This need could be troublesome for both public and private organizations. Additionally, decommissioning costs may impose challenges related to uncertainties in factors such as technological advancements, regulatory requirements, and unforeseen complications during the decommissioning process.
  • Lack of awareness among the population

Nuclear Decommissioning Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

USD 4.5 Billion

Forecast Year Market Size (2036)

USD 8.5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Nuclear Decommissioning Segmentation

Reactor Type [Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR)]

The pressurized water reactor (PWR) segment is poised to generate the highest nuclear decommissioning market share of around 40% over the coming years. This growth can be attributed to the fact that they are easy to operate, and less fissile material is situated in the core of the reactor, which further decreases the occurrence of additional fission events.

Additionally, the PWR's major beneficial factor includes the turbine cycle. As the mani and secondary loops are detached, water might not get polluted by radioactive material in the primary system loop. Moreover, growing demand for electricity is also predicted to boost the growth of the segment. In 2022, the consumption of electricity across the globe rose to over 25,499 terawatt-hours, which determined an increase over the past half a century.

Decommissioning Strategy (Immediate Dismantling, Deferred Dismantling, Entombment)

The immediate dismantling segment is expected to hold the highest market share of approximately 50% during 2024-2036. The main element to dominate the segment market share is its active approach to rapidly decontaminating nuclear facilities after closure. Owing to this, the risks associated with radioactive materials are reduced, therefore securing a safer and healthier environment.

Capacity (Up to 800 MW, 801 MW-1000 MW, Above 1000 MW)

The up to 800 MW segment is projected to generate the highest market revenue of about USD 300 billion by the end of 2036. Nuclear power plants with a capacity range of up to 800 MW are deployed among a large number of nations. However, these plants are forecasted to age and face economic or safety concerns rapidly, which is why the demand for decommissioning is rising. These plants’ decommissioning includes dissembling and protected disposal of radioactive matter, along with site remediation. 

Our in-depth analysis of the global market includes the following segments:



          Reactor Type

  • Pressurized Water Reactor (PWR)
  • Boiling Water Reactor (BWR)
  • Pressurized Heavy Water Reactor (PHWR)
  • Gas Cooled Reactor (GCR)


          Decommissioning Strategy

  • Immediate Dismantling
  • Deferred Dismantling
  • Entombment



  • Up to 800 MW
  • 801 MW-1000 MW
  • Above 1000 MW

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Nuclear Decommissioning Industry - Regional Synopsis

North American Market Statistics

The nuclear commissioning market in the North America region, amongst the market in all the other regions, is foreseen to encourage the largest with a share of close to 30% by the end of 2036. This market growth is expected to be dominated by a growing urban population. In 2022, the urban population in North America was close to 308,798,138, a rise of about 0.76% from 2021. Hence, the power demand is also growing which is further forecasted to influence the nuclear commissioning market’s expansion. In addition, there has been an increasing investment made in R&D activities in the region in order to find innovative solutions to deal with radioactive waste.

European Market Analysis

The Europe market for nuclear decommissioning is also forthcoming to have notable growth in the market for the years to come. This growth can be impelled by the growing number of key players in this region. Moreover, the deployment of wind energy has also risen in this area to promote green energy. Hence, in 2023, Europe deployed over 17 GW of wind power capacity. Additionally, it is anticipated that Europe might install more 259 GW of wind energy between 2024 and 2030 in order to meet the aim of net zero target. Furthermore, different improvements have been carried out on the turbine which is further estimated to satisfy a large number of people in this region. Consequently, this sector has also attracted huge investments from major players, stimulating the market’s growth in this region. 

Research Nester
Nuclear Decommissioning Market Regional
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Companies Dominating the Nuclear Decommissioning Landscape

    • Westinghouse Electric Company LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Babcock International Group PLC
    • Studsvik AB
    • Bechtel Corporation
    • Magnox Ltd.
    • Orano Group
    • Fluor Corporation
    • NorthStar Group
    • Sweco AB
    • AtkinsRéalis 

In the News

  • Westinghouse Electric Company agreed to acquire BHI Energy. Westinghouse is expected to boost its global ability and expertise in the maintenance of nuclear plant and modification services, power delivery, and industrial and complementary renewables such as solar, wind, and hydropower.  
  • Babcock International Group (Babcock) is set to manufacture and fit the first 3D metal printed parts in the British Army’s active armored fleets.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 6018
  • Published Date: May 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing consumption of renewable energy, closing down of outdated nuclear power plants, and surging environmental issues.

The market size of decommissioning is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2024-2036.

The major players in the market are Westinghouse Electric Company LLC, Babcock International Group PLC, Studsvik AB, Bechtel Corporation, and others.

The immediate dismantling segment is anticipated to garner the largest market size of 50% by 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share of 30% by the end of 2036 and provide more business opportunities in the future.
Nuclear Decommissioning Market Report Scope

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