U.S. Nuclear Decommissioning Services Market Size & Outlook
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U.S. nuclear decommissioning services market highlights
- The U.S. nuclear decommissioning services market generated a revenue of USD 1,974.8 million in 2023 and is expected to reach USD 2,751.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.9% 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 1,974.8 million |
| Market revenue in 2030 | USD 2,751.4 million |
| Growth rate | 4.9% (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, U.S. accounted for 24.2% 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 North America, U.S. nuclear decommissioning services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,751.4 million by 2030.
Pwr was the largest segment with a revenue share of 50.33% in 2023. Horizon Databook has segmented the U.S. 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. accounted for a significant share of the overall nuclear decommissioning services market. According to the U.S. Nuclear Regulatory Commission, 22 commercial nuclear power plants located at 18 different sites were at various stages of decommissioning as of 2023.
The retirement of numerous nuclear plants in the U.S., such as the Oyster Creek Nuclear Generating Station, and the emphasis on decommissioning by governing authorities like the Nuclear Regulatory Commission (NRC) and International Atomic Energy Agency (IAEA) are key the factors fueling the demand for decommissioning services in the U.S.
Moreover, with growing recognition of the long-term environmental and safety benefits of proper decommissioning, the U.S. nuclear decommissioning services market is expected to witness steady growth, offering opportunities for companies specializing in nuclear power plant dismantling, decontamination, and waste management over the forecast period.
Key Regions: UK , Japan , Germany , France , South Korea
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Nuclear Decommissioning Services Market Scope
Nuclear Decommissioning Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bechtle AG | View profile | 15159 | Bechtle Platz 1, Neckarsulm, BW, Germany, 74172 | https://www.bechtle.com |
| Studsvik AB ADR | View profile | 530 | Studsvik, Nykoping, Sweden, 611 82 | https://www.studsvik.com |
| Orion Group Holdings Inc | View profile | 1796 | 12000 Aerospace Avenue, Suite 300, Houston, TX, United States, 77034 | https://www.oriongroupholdingsinc.com |
| Westinghouse Air Brake Technologies Corp | View profile | 1100 | 30 Isabella Street, Pittsburgh, PA, United States, 15212 | https://www.wabteccorp.com |
| Babcock International Group PLC | View profile | 26735 | 33 Wigmore Street, London, United Kingdom, W1U 1QX | https://www.babcockinternational.com |
| AECOM | View profile | 52000 | 13355 Noel Road, Suite 400, Dallas, TX, United States, 75240 | https://www.aecom.com |
U.S. nuclear decommissioning services market size, by reactor type, 2018-2030 (US$M)
U.S. Nuclear Decommissioning Services Market Outlook Share, 2023 & 2030 (US$M)
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