Asia Pacific Nuclear Decommissioning Services Market Size & Outlook
Asia Pacific nuclear decommissioning services market, 2018-2030 (US$M)
Related Markets
Asia Pacific nuclear decommissioning services market highlights
- The Asia Pacific nuclear decommissioning services market generated a revenue of USD 1,401.7 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, pwr was the largest revenue generating reactor type in 2023.
- PWR is the most lucrative reactor type segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,401.7 million |
| Market revenue in 2030 | USD 1,810.3 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Pwr |
| Fastest growing segment | PWR |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PWR, BWR, PHWR, GCR |
| Key market players worldwide | Orion Group Holdings Inc, Babcock International Group PLC, Westinghouse Air Brake Technologies Corp, AECOM, Studsvik AB ADR, Bechtle AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.2% of the global nuclear decommissioning services market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,225.9 million by 2030.
Pwr was the largest segment with a revenue share of 38.75% in 2023. Horizon Databook has segmented the Asia Pacific nuclear decommissioning services market based on pwr, bwr, phwr, gcr covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is poised to become a leader in the global nuclear decommissioning services market, driven by a unique confluence of factors. Firstly, several countries within the region, most notably Japan and South Korea, boast a significant number of aging nuclear power plants.
As these facilities approach the end of their operational lifespans, decommissioning becomes inevitable. Policy changes and public safety concerns following incidents like the Fukushima nuclear accident have further accelerated the decommissioning timelines for some reactors in the region.
This rise in decommissioning activity translates to a booming demand for specialized service providers. Companies such as Tokyo Electric Power Company Holdings (TEPCO) and Hitachi Zosen Corporation play a critical role in ensuring the safe and environmentally responsible dismantling of nuclear facilities.
Key Regions: Japan , U.S. , UK , South Korea , Germany
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Nuclear Decommissioning Services Market Scope
Nuclear Decommissioning Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific nuclear decommissioning services market size, by country, 2018-2030 (US$M)
Asia Pacific Nuclear Decommissioning Services Market Outlook Share, 2023 & 2030 (US$M)
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