Germany Nuclear Decommissioning Services Market Size & Outlook
Germany nuclear decommissioning services market, 2018-2030 (US$M)
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Germany nuclear decommissioning services market highlights
- The Germany nuclear decommissioning services market generated a revenue of USD 1,610.1 million in 2023 and is expected to reach USD 2,163.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.3% 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.
Nuclear decommissioning services market data book summary
| Market revenue in 2023 | USD 1,610.1 million |
| Market revenue in 2030 | USD 2,163.1 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Pwr |
| Fastest growing segment | PWR |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 19.7% of the global nuclear decommissioning services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany nuclear decommissioning services market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,177.5 million by 2030.
Pwr was the largest segment with a revenue share of 47.62% in 2023. Horizon Databook has segmented the Germany nuclear decommissioning services market based on pwr, bwr, phwr, gcr covering the revenue growth of each sub-segment from 2018 to 2030.
As Germany phases out nuclear power with the last three nuclear reactors shutting down in April 2023, the demand for nuclear decommissioning services is expected to rise in the coming years. The country has strict government regulations supporting nuclear decommissioning efforts.
Within the next five years, decommissioning and decontamination (D&D) are expected to become the largest market segment in Germany. By 2025, more than half of the 223 nuclear power stations in the European Union will be shut down, with Germany leading the way.
The economic appeal of nuclear power is also declining due to the growing environmental awareness and improved affordability of renewable energy sources, driving the need for efficient and cost-effective decommissioning solutions.
Key Regions: U.S. , UK , Japan , France , South Korea
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Nuclear Decommissioning Services Market Scope
Nuclear Decommissioning Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany nuclear decommissioning services market size, by reactor type, 2018-2030 (US$M)
Germany Nuclear Decommissioning Services Market Outlook Share, 2023 & 2030 (US$M)
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