Nuclear Power Plant and Equipment Share, Analysis & Growth (2025-2034)
The global nuclear power plant and equipment market attained a value of USD 40.63 Billion in 2024. The market is estimated to grow at a CAGR of 6.84% during 2025-2034 to reach a value of USD 78.74 Billion by 2034.
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The global nuclear power plant and equipment market was valued at USD 40.63 billion in 2024. It is projected to expand at a compound annual growth rate (CAGR) of 6.84% from 2025 to 2034, reaching an estimated value of USD 78.74 billion by the end of the forecast period. Global Nuclear Power Plant and Equipment Market Outlook 2025-2034
Global Nuclear Power Plant and Equipment Market Growth 05 01 This is a sample text. Trade Data Analysis The global nuclear power plant and equipment market is experiencing significant growth, driven by the increasing demand for clean and reliable energy sources. As countries around the world aim to reduce their dependence on fossil fuels and cut greenhouse gas emissions, nuclear energy has re-emerged as a key solution in achieving long-term sustainability goals. Governments are investing heavily in both new nuclear power projects and the modernization of existing facilities, creating robust opportunities for equipment manufacturers and technology providers. Advancements in nuclear technology are further supporting market expansion. Innovations such as small modular reactors (SMRs), enhanced safety systems, and improved fuel efficiency are making nuclear power more accessible and economically viable. These technological breakthroughs not only reduce operational risks but also help lower construction and maintenance costs, encouraging more countries to adopt nuclear energy as part of their energy mix. As a result, the market is expected to grow steadily over the next decade. Moreover, the rising energy demand in emerging economies, particularly in Asia-Pacific and the Middle East, is contributing to the market’s upward trajectory. These regions are actively investing in infrastructure development to meet industrial and residential power needs, with nuclear energy playing a vital role in ensuring a stable power supply. As the global market continues to evolve, partnerships between public and private sector entities are expected to further accelerate growth and innovation in the nuclear power plant and equipment industry.
Global Nuclear Power Plant and Equipment Market Trends 05 01 This is a sample text. Trade Data Analysis The global nuclear power plant and equipment market is experiencing a notable resurgence as countries seek cleaner and more reliable energy sources to meet rising electricity demands and reduce carbon emissions. With the growing urgency to transition away from fossil fuels, nuclear energy is increasingly being recognized as a stable and low-carbon alternative. This shift in energy policy, particularly in emerging economies and energy-dependent nations, is driving renewed investment in nuclear infrastructure and the development of advanced reactor technologies. Technological advancements are playing a crucial role in shaping the market. Innovations such as small modular reactors (SMRs), next-generation nuclear fuel, and enhanced safety systems are making nuclear energy more efficient, cost-effective, and safer than ever before. These developments are not only attracting new projects but also leading to the modernization and life-extension of existing nuclear facilities. As countries modernize aging infrastructure, demand for upgraded equipment, including turbines, control systems, and reactor components, continues to rise. In addition, supportive government policies and increased public-private partnerships are fueling market growth. Many governments are offering incentives and streamlined regulatory frameworks to accelerate the deployment of nuclear energy projects. The market is also benefiting from international cooperation on nuclear safety, waste management, and innovation. As a result, the nuclear power plant and equipment industry is poised for strong growth in the coming years, underpinned by the global push toward energy security and sustainable development.
Global Nuclear Power Plant and Equipment Industry Segmentation 05 01 This is a sample text. Trade Data Analysis Based On the Reactor Type: • PWR (Pressurised Water Reactor) • PHWR (Pressurised Heavy Water Reactor) • Boiling Water Reactor (BWR) • Light Water Graphite Reactor (LWGR) • Gas Cooled Reactor (GCR) • Others Based on the Equipment Type: • Island Equipment • Auxiliary Equipment Based on the Application: • Military • Public Utilities • Others 01 Trade Data Analysis Capacity Additions, Plant Turnarounds and Mergers Competitive Landscape Cost Analysis Demand Drivers Market Trade Data Analysis Additional Insights
Global Nuclear Power Plant and Equipment Industry Segmentation 05 01 This is a sample text. Trade Data Analysis Market breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa 01 Trade Data Analysis Capacity Additions, Plant Turnarounds and Mergers Competitive Landscape Cost Analysis Demand Drivers Market Trade Data Analysis Additional Insights
Leading Companies in the Global Nuclear Power Plant and Equipment Market Key players in the global nuclear power plant and equipment market are prioritizing the development of equipment with advanced technologies and enhanced features. State Atomic Energy Corporation Rosatom (ROSATOM) Rosatom is Russia’s state-owned nuclear energy corporation and a major global player in the nuclear industry. The company is involved in all stages of the nuclear power cycle—from uranium mining and enrichment to reactor construction and fuel supply. BWX Technologies, Inc. Based in the United States, BWX Technologies specializes in nuclear components and fuel for both commercial and government use. The company is a key supplier of nuclear reactors, steam generators, and fuel for naval and commercial applications. BWX Technologies is also involved in nuclear medicine and environmental management, demonstrating a broad presence across nuclear-related industries. Dongfang Electric Co., Ltd. Dongfang Electric is one of China's largest manufacturers of power generation equipment, including components for nuclear power plants. The company provides nuclear steam supply systems, turbines, and other essential equipment for domestic and international nuclear projects.
Leading Companies in the Global Nuclear Power Plant and Equipment Market Key players in the global nuclear power plant and equipment market are prioritizing the development of equipment with advanced technologies and enhanced features. Alstom SA Alstom, a French multinational originally known for its expertise in power generation and rail transport, has historically provided turbines and other equipment for nuclear power plants. Though much of its energy business was acquired by General Electric in recent years, Alstom’s legacy and contributions to turbine technology continue to influence nuclear power systems around the world. General Electric General Electric (GE), through its GE Hitachi Nuclear Energy division, is a global leader in the design and development of nuclear reactors and related services. The company offers boiling water reactors (BWRs) and advanced small modular reactors (SMRs). GE combines its engineering expertise with advanced digital technologies to enhance reactor safety, efficiency, and sustainability. Korea Electric Power Corporation (KEPCO) KEPCO is South Korea’s largest electric utility and a major force in the nuclear power industry through its subsidiary, Korea Hydro & Nuclear Power (KHNP). The company is known for developing the APR1400 reactor model and has exported its nuclear technology to countries such as the United Arab Emirates
Table of Contents 01 Executive Summary 1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook 02 Market Overview and Stakeholder Insights 2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders 03 Economic Summary 3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends 3.4 Democracy Index
Table of Contents 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends 04 Country Risk Profiles 4.1 Country Risk 4.2 Business Climate 05 Global Nuclear Power Plant and Equipment Market Analysis 5.1 Key Industry Highlights 5.2 Global Nuclear Power Plant and Equipment Historical Market (2018-2024) 5.3 Global Nuclear Power Plant and Equipment Market Forecast (2025-2034) 5.4 Global Nuclear Power Plant and Equipment Market by Reactor Type 5.4.1 PWR (Pressurised Water Reactor) 5.4.1.1 Historical Trend (2018-2024) 5.4.1.2 Forecast Trend (2025-2034) 5.4.2 PHWR (Pressurised Heavy Water Reactor) 5.4.2.1 Historical Trend (2018-2024) 5.4.2.2 Forecast Trend (2025-2034) 5.4.3 Boiling Water Reactor (BWR) 5.4.3.1 Historical Trend (2018-2024) 5.4.3.2 Forecast Trend (2025-2034)
Table of Contents 5.6.3 Others 5.7 Global Nuclear Power Plant and Equipment Market by Region 5.7.1 North America 5.7.1.1 Historical Trend (2018-2024) 5.7.1.2 Forecast Trend (2025-2034) 5.7.2 Europe 5.7.2.1 Historical Trend (2018-2024) 5.7.2.2 Forecast Trend (2025-2034) 5.7.3 Asia Pacific 5.7.3.1 Historical Trend (2018-2024) 5.7.3.2 Forecast Trend (2025-2034) 5.7.4 Latin America 5.7.4.1 Historical Trend (2018-2024) 5.7.4.2 Forecast Trend (2025-2034) 5.7.5 Middle East and Africa 5.7.5.1 Historical Trend (2018-2024) 5.7.5.2 Forecast Trend (2025-2034) 06 North America Nuclear Power Plant and Equipment Market Analysis 6.1 United States of America 6.1.1 Historical Trend (2018-2024) 6.1.2 Forecast Trend (2025-2034)
Table of Contents 11.1.3 Opportunities 11.1.4 Threats 11.2 Porter’s Five Forces Analysis 11.2.1 Supplier’s Power 11.2.2 Buyer’s Power 11.2.3 Threat of New Entrants 11.2.4 Degree of Rivalry 11.2.5 Threat of Substitutes 11.3 Key Indicators for Demand 11.4 Key Indicators for Price 12 Competitive Landscape 12.1 Supplier Selection 12.2 Key Global Players 12.3 Key Regional Players 12.4 Key Player Strategies 12.5 Company Profiles 12.5.1 State Atomic Energy Corporation Rosatom (ROSATOM) 12.5.1.1 Company Overview 12.5.1.2 Product Portfolio 12.5.1.3 Demographic Reach and Achievements 12.5.1.4 Certifications
Table of Contents 12.5.2 BWX Technologies, Inc. 12.5.2.1 Company Overview 12.5.2.2 Product Portfolio 12.5.2.3 Demographic Reach and Achievements 12.5.2.4 Certifications 12.5.3 Dongfang Electric Co., Ltd. 12.5.3.1 Company Overview 12.5.3.2 Product Portfolio 12.5.3.3 Demographic Reach and Achievements 12.5.3.4 Certifications 12.5.4 Alstom SA 12.5.4.1 Company Overview 12.5.4.2 Product Portfolio 12.5.4.3 Demographic Reach and Achievements 12.5.4.4 Certifications 12.5.5 General Electric 12.5.5.1 Company Overview 12.5.5.2 Product Portfolio 12.5.5.3 Demographic Reach and Achievements 12.5.5.4 Certifications 12.5.6 Korea Electric Power Corporation
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