Latin America Nuclear Decommissioning Services Market Size & Outlook
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Latin America nuclear decommissioning services market highlights
- The Latin America nuclear decommissioning services market generated a revenue of USD 290.7 million in 2023.
- The market is expected to grow at a CAGR of 1.2% 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.
Latin America data book summary
| Market revenue in 2023 | USD 290.7 million |
| Market revenue in 2030 | USD 316.6 million |
| Growth rate | 1.2% (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, Latin America region accounted for 3.6% 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 32.61% in 2023. Horizon Databook has segmented the Latin America nuclear decommissioning services market based on pwr, bwr, phwr, gcr covering the revenue growth of each sub-segment from 2018 to 2030.
Nuclear power, not being a prevalent source of energy in the region, serves the electricity requirements of a relatively small percentage of the region. Presently, only two countries in the region, namely, Argentina and Brazil, possess functional nuclear power plants.
Moreover, the amount of nuclear power used in these countries is trivial. The International Atomic Energy Agency (IAEA) indicates that the supply of power from the region is expected to account for only 5.6% of the total energy supply by 2030 though the region is progressing toward the development of nuclear energy.
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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 |
Latin America Nuclear Decommissioning Services Market Outlook Share, 2023 & 2030 (US$M)
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