Us Nuclear Power Plant and Equipment Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Nuclear Power Plant and Equipment Market was valued at USD 50 Billion in 2022 and is projected to reach USD 78 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The United States nuclear power plant and equipment market is experiencing a significant resurgence, driven by technological advancements and strategic investments from major tech corporations. This renewed interest is reshaping the energy landscape and propelling the market toward substantial growth.
Recent collaborations between tech giants and energy companies have been pivotal. For instance, Constellation Energy, supported by a power purchase agreement with Microsoft, plans to restart the previously decommissioned Three Mile Island Unit 1. Similarly, Amazon Web Services has partnered with Talen Energy Corporation to power its data center campus with electricity from the Susquehanna nuclear plant. These initiatives underscore the tech industry's commitment to securing reliable, zero-emission energy sources to meet the escalating power demands of data centers, which are projected to double by 2028.
Financial projections reflect this upward trajectory. The U.S. nuclear power plant equipment market was valued at approximately USD 14.96 billion in 2024 and is projected to reach USD 20.34 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.9%. This growth is attributed to factors such as decreasing costs of nuclear power generation, upcoming projects, and supportive government programs and initiatives.
In terms of reactor types, pressurized water reactors (PWRs) dominate the market, accounting for about 75% of the global nuclear power plant and equipment market. This preference is due to their durability and safety features. Additionally, the development of small modular reactors (SMRs) is gaining momentum. Companies like Holtec International are working to re-power existing plants and construct new SMRs, aiming to provide a blueprint for similar projects globally.
However, the expansion of nuclear energy infrastructure brings challenges, particularly in managing nuclear waste. The increased interest in SMRs and other nuclear technologies necessitates sustainable solutions for radioactive waste management, an issue that has remained unresolved since the industry's inception.
In conclusion, the U.S. nuclear power plant and equipment market is poised for growth, fueled by technological innovation, strategic partnerships, and a collective drive toward sustainable energy solutions. As the industry evolves, addressing challenges such as waste management will be crucial to ensuring the long-term viability and public acceptance of nuclear energy.
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Mitsubishi Heavy Industries
General Electric
Larsen & Toubro
Orano
Babcock & Wilcox
Alstom
Toshiba
Doosan
BWX Technologies
Dongfang Electric
ROSATOM
Shanghai Electric Group
Korea Electric Power
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Plant and Equipment Market
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Gas-Cooled Reactor (GCR)
Fast Neutron Reactor (FNR)
Small Modular Reactor (SMR)
Reactor Pressure Vessel
Steam Generators
Containment Systems
Control Systems
Fuel Handling Systems
Cooling Towers
Conventional Technology
Advanced Technology
Hybrid Systems
Instrumentation and Control
Electricity Generation
Research and Development
Medical Isotope Production
Desalination Processes
Public Utilities
Private Sector Companies
Government Agencies
Independent Power Producers (IPPs)
Global (United States, Global 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 Plant and Equipment 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 Plant and Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nuclear Power Plant and Equipment Market, By Type
6. Global Nuclear Power Plant and Equipment Market, By Application
7. Global Nuclear Power Plant and Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Nuclear Power Plant and Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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