Nuclear Decommissioning Market Size

Nuclear Decommissioning Market size was valued at USD 7.12 billion in 2024 and is expected to reach USD 13.1 billion by 2037, expanding at around 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nuclear decommissioning is assessed at USD 7.39 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.