Nuclear Power Market, By Reactor Type, By Application, By Geography

Description

The global nuclear power market is estimated to be valued at USD 35.27 Bn in 2024 and is expected to reach USD 46.10 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 35.27 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	3.90%	2031 Value Projection:	US$ 46.10 Bn

Figure. Nuclear Power Market Share (%), By Region, 2024

The global nuclear power market has been witnessing steady growth over the past few decades. Nuclear power is a low-carbon emission source of energy and plays a vital role in ensuring energy security for many nations. Countries worldwide are increasingly investing in new nuclear power plants as well as uprating the existing fleet to reduce dependence on fossil fuels. Factors such as favorable government policies and initiatives supporting clean energy adoption, growing power demand coupled with need for continuous base-load power supply are fueling the demand for nuclear power. However, high capital cost of setting up new nuclear plants and public concerns over nuclear safety continue to restrain the faster growth of the nuclear power market.

Market Dynamics:

The global nuclear power market is driven by rising investments in new nuclear power projects. Many countries are focusing on expanding their nuclear power capacity to achieve energy security and transition to cleaner sources of electricity generation. Sustained growth in the global power sector owing to surging industrialization and urbanization worldwide have also augmented the demand for uninterrupted base-load power supply, propelling the uptake of nuclear energy. However, high initial setup costs associated with nuclear power plants continue to challenge faster adoption. Public concerns around nuclear safety and lack of long-term waste storage solutions also act as major retardants for the market. Meanwhile, technological advancements in small modular reactor designs and focus on improving used fuel management present significant growth opportunities for market players.

Key Features of the Study:

This report provides an in-depth analysis of the global nuclear power market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global nuclear power market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include GE-Hitachi Nuclear Energy Inc., Westinghouse Electric Company LLC, STP Nuclear Operating Company, SKODA JS AS, China National Nuclear Corporation, Bilfinger SE, BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi Heavy Industries Ltd, Bechtel Group Inc., Japan Atomic Power Co., Rosatom Corp., KEPCO Engineering & Construction, Areva, Framatome , Bharat Heavy Electricals Limited, and SENPEC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global Nuclear Power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nuclear power market.

Detailed Segmentation-

By Reactor Type:
- Pressurized Water Reactor and Pressurized Heavy Water Reactor
- Boiling Water Reactor
- High-temperature Gas-cooled Reactor
- Liquid Metal Fast Breeder Reactor
- Other Reactor Types
By Application:
- Energy
- Defence
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- GE-Hitachi Nuclear Energy Inc.
- Westinghouse Electric Company LLC
- STP Nuclear Operating Company
- SKODA JS AS
- China National Nuclear Corporation
- Bilfinger SE
- BWX Technologies Inc.
- Doosan Heavy Industries & Construction Co. Ltd
- Mitsubishi Heavy Industries Ltd
- Bechtel Group Inc.
- Japan Atomic Power Co.
- Rosatom Corp.
- KEPCO Engineering & Construction
- Areva
- Framatome
- Bharat Heavy Electricals Limited
- SENPEC

Product Code: CMI5063

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Reactor Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Nuclear Power Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Nuclear Power Market
Impact Analysis

5. Global Nuclear Power Market, By Reactor Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pressurized Water Reactor and Pressurized Heavy Water Reactor
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Boiling Water Reactor
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
High-temperature Gas-cooled Reactor
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Liquid Metal Fast Breeder Reactor
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Other Reactor Types
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Nuclear Power Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Energy
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Defence
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Nuclear Power Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Reactor Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.S.
- Canada
Latin America
- Introduction
- Market Size and Forecast, By Reactor Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Reactor Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Reactor Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Reactor Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- GE-Hitachi Nuclear Energy Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Westinghouse Electric Company LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- STP Nuclear Operating Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- SKODA JS AS
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- China National Nuclear Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Bilfinger SE
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- BWX Technologies Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Doosan Heavy Industries & Construction Co. Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Mitsubishi Heavy Industries Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Bechtel Group Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Japan Atomic Power Co.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Rosatom Corp.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- KEPCO Engineering & Construction
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Areva
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Framatome
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Bharat Heavy Electricals Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- SENPEC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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