Nuclear Power Market Revenue was valued at USD N/A in 2024 and is estimated to reach USD N/A by 2033, growing at a CAGR of N/A% from 2026 to 2033.
In 2022, the global nuclear power market demonstrated significant activity across various regions. North America maintained a substantial presence, with the United States producing approximately 772 terawatt hours (TWh) of nuclear electricity, accounting for 18% of its total electrical output. Canada also contributed notably, with its 19 operational reactors generating 14.3% of the nations electricity. Europe showcased a diverse landscape; France relied on nuclear energy for about 70% of its electricity, while the United Kingdom continued to invest in new nuclear projects. In contrast, Germany proceeded with its phase out policy, reducing its nuclear footprint. The Asia Pacific region experienced robust growth, particularly in China, which operated 55 reactors with a combined net capacity of 53.3 gigawatts electric (GWe), supplying 5% of its electricity. India operated 22 reactors with a total net capacity of 6.8 GWe, contributing 3.2% to its electricity mix. South Koreas nuclear reactors generated more electricity than coal and gas plants since September 2024, leading to a 20% reduction in fossil fuel imports in the first quarter of 2025 compared to the previous year. citeturn0news15 The nuclear power market is poised for continued expansion, driven by escalating demand for clean energy and advancements in reactor technologies. The Asia Pacific region is expected to lead this growth, with China planning 21 new reactors and India aiming to increase its nuclear capacity to 14.6 GWe by 2024. North America is focusing on extending the lifespan of existing reactors and exploring small modular reactors (SMRs) to enhance flexibility and reduce costs. Europe is investing in plant modernization and safety upgrades, with France planning to build six new reactors and considering an additional eight. Emerging markets in the Middle East and Africa, such as the United Arab Emirates, are developing nuclear programs to diversify their energy portfolios. The global nuclear power market demand is projected to grow from 435.54 GWe in 2024 to approximately 515.51 GWe by 2034, reflecting a compound annual growth rate (CAGR) of 1.70% during this period.
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Westinghouse Electric Company
Orano
Nukem
NIAEP ASC
Mitsubishi Heavy Industries
Larsen and Toubro (L&T)
KEPCO
GE Hitachi
China National Nuclear Cooperation (CNNC)
CEZ Group
Bruce Power
Bharat Heavy Electricals
Atomic Energy of Canada
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Nuclear Power Market
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR)
Fast Breeder Reactor (FBR)
Small Modular Reactor (SMR)
Electricity Generation
Desalination
Industrial Heat Supply
Medical Isotope Production
Research and Development
Uranium
Plutonium
Thorium
Mixed Oxide Fuel (MOX)
Low-Enriched Uranium (LEU)
Utilities
Government
Research Institutions
Manufacturing
Healthcare
New Builds
Upgrades & Retrofits
Operational Management
Decommissioning
Waste Management
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Nuclear Power Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Nuclear Power Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nuclear Power Market, By Type
6. Global Nuclear Power Market, By Application
7. Global Nuclear Power Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Nuclear Power Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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