North America Nuclear Decommissioning Services Market Size & Outlook
North America nuclear decommissioning services market, 2018-2030 (US$M)
Related Markets
North America nuclear decommissioning services market highlights
- The North America nuclear decommissioning services market generated a revenue of USD 2,387.9 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,387.9 million |
| Market revenue in 2030 | USD 3,225.9 million |
| Growth rate | 4.4% (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, North America region accounted for 29.2% 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 49.75% in 2023. Horizon Databook has segmented the North America nuclear decommissioning services market based on pwr, bwr, phwr, gcr covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, U.S. held the maximum share of the overall market in North America with many construction halts and delays in nuclear facilities. Even in the rest of the region, immediately after the Fukushima accident in 2011, the Canadian Nuclear Safety Commission (CNSC) conducted an inspection of all the operational reactors in the Canada to ensure proper functioning and prevent accidents.
The demand for decommissioning services is propelled by the need to reduce the risk of radioactive emissions from nuclear reactor sites, with governing authorities, such as the Nuclear Regulatory Commission (NRC) and International Atomic Energy Agency (IAEA), emphasizing the decommissioning of nuclear power plants in the region over the forecast period.
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Nuclear Decommissioning Services Market Scope
Nuclear Decommissioning Services Market Companies
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North America nuclear decommissioning services market size, by country, 2018-2030 (US$M)
North America Nuclear Decommissioning Services Market Outlook Share, 2023 & 2030 (US$M)
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