The global nuclear power market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is mainly driven by the increasing demand for electricity and the need for clean energy sources. The nuclear power generation capacity has increased significantly over the past few years, which has led to an increase in demand for nuclear power plants. In addition, there are various initiatives taken by governments across the world to reduce carbon emissions and promote renewable energy sources such as solar and wind power.
Pressurized Water Reactor (PWR) accounted for a major share of this market in 2018 due to its high efficiency and low cost of operation when compared with other types of reactors. Boiler Water Reactor (BWR) accounted for a significant share in 2018 due to its high efficiency levels when compared with other types of reactors. Pressurized Heavy Water Reactor (PHWR) accounted for a significant share in 2018 due to its low cost per kilowatt-hour when compared with other types of reactors; however, it is not widely used because it requires more water than PWRs or BWRs do which can be an issue during drought periods or periods where water resources are scarce. Gas Cooled Reactor (GCR) accounted for a small share in 2018 due to its higher costs per kilowatt-hour when compared with other types of reactors; however, it offers advantages such as being able to operate at higher temperatures than PWRs or BWRs do which makes them suitable for use on sites that have limited cooling capacity available such as deserts or areas close to oceans where cooling water availability may be limited.
- The cost of nuclear power is competitive with other sources of energy, such as coal and natural gas.
- Nuclear power plants are more efficient than fossil fuel plants, which means they produce less carbon dioxide per unit of electricity generated.
- Nuclear power plants can be built in a shorter time frame than other types of power plants, which makes them an attractive option for countries that need to quickly increase their energy production capacity to meet growing demand or replace aging infrastructure.
- Countries with large reserves of uranium may be able to use nuclear power as a way to export the mineral and generate revenue from it instead of exporting it raw or as ore concentrate (as is done now).
- Countries that have not yet developed nuclear technology may see it as an opportunity for economic growth and development by building new facilities or expanding existing ones.
Industry Growth Insights published a new data on “Nuclear Power Market”. The research report is titled “Nuclear Power Market research by Types (Pressurized Water Reactor (PWR), Boiler Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR), Others), By Applications (Electric Power Generation, Industrial, Medical, Food & Agriculture, Others), By Players/Companies Orano (previously Areva), China National Nuclear Cooperation (CNNC), Larsen and Toubro (L&T), NIAEP ASC, Westinghouse Electric Company, Atomic Energy of Canada, Bharat Heavy Electricals, GE Hitachi, KEPCO, Mitsubishi Heavy Industries, Bruce Power, CEZ Group, Nukem”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Power Market Research Report
By Type
Pressurized Water Reactor (PWR), Boiler Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR), Others
By Application
Electric Power Generation, Industrial, Medical, Food & Agriculture, Others
By Companies
Orano (previously Areva), China National Nuclear Cooperation (CNNC), Larsen and Toubro (L&T), NIAEP ASC, Westinghouse Electric Company, Atomic Energy of Canada, Bharat Heavy Electricals, GE Hitachi, KEPCO, Mitsubishi Heavy Industries, Bruce Power, CEZ Group, Nukem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Power Market Report Segments:
The global Nuclear Power market is segmented on the basis of:
Types
Pressurized Water Reactor (PWR), Boiler Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Gas Cooled Reactor (GCR), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Power Generation, Industrial, Medical, Food & Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orano (previously Areva)
- China National Nuclear Cooperation (CNNC)
- Larsen and Toubro (L&T)
- NIAEP ASC
- Westinghouse Electric Company
- Atomic Energy of Canada
- Bharat Heavy Electricals
- GE Hitachi
- KEPCO
- Mitsubishi Heavy Industries
- Bruce Power
- CEZ Group
- Nukem
Highlights of The Nuclear Power Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressurized Water Reactor (PWR)
- Boiler Water Reactor (BWR)
- Pressurized Heavy Water Reactor (PHWR)
- Gas Cooled Reactor (GCR)
- Others
- By Application:
- Electric Power Generation
- Industrial
- Medical
- Food & Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nuclear Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nuclear power is the use of nuclear reactions to generate electricity. Nuclear reactions are the process by which atoms are split apart, releasing energy in the form of heat and light. This energy can be used to turn turbines that create electricity.
Some of the major players in the nuclear power market are Orano (previously Areva), China National Nuclear Cooperation (CNNC), Larsen and Toubro (L&T), NIAEP ASC, Westinghouse Electric Company, Atomic Energy of Canada, Bharat Heavy Electricals, GE Hitachi, KEPCO, Mitsubishi Heavy Industries, Bruce Power, CEZ Group, Nukem.
The nuclear power market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nuclear Power Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nuclear Power Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nuclear Power Market - Supply Chain
4.5. Global Nuclear Power Market Forecast
4.5.1. Nuclear Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nuclear Power Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nuclear Power Market Absolute $ Opportunity
5. Global Nuclear Power Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nuclear Power Market Size and Volume Forecast by Type
5.3.1. Pressurized Water Reactor (PWR)
5.3.2. Boiler Water Reactor (BWR)
5.3.3. Pressurized Heavy Water Reactor (PHWR)
5.3.4. Gas Cooled Reactor (GCR)
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nuclear Power Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nuclear Power Market Size and Volume Forecast by Application
6.3.1. Electric Power Generation
6.3.2. Industrial
6.3.3. Medical
6.3.4. Food & Agriculture
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nuclear Power Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nuclear Power Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nuclear Power Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nuclear Power Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nuclear Power Demand Share Forecast, 2019-2026
9. North America Nuclear Power Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nuclear Power Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nuclear Power Market Size and Volume Forecast by Application
9.4.1. Electric Power Generation
9.4.2. Industrial
9.4.3. Medical
9.4.4. Food & Agriculture
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nuclear Power Market Size and Volume Forecast by Type
9.7.1. Pressurized Water Reactor (PWR)
9.7.2. Boiler Water Reactor (BWR)
9.7.3. Pressurized Heavy Water Reactor (PHWR)
9.7.4. Gas Cooled Reactor (GCR)
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nuclear Power Demand Share Forecast, 2019-2026
10. Latin America Nuclear Power Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nuclear Power Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nuclear Power Market Size and Volume Forecast by Application
10.4.1. Electric Power Generation
10.4.2. Industrial
10.4.3. Medical
10.4.4. Food & Agriculture
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nuclear Power Market Size and Volume Forecast by Type
10.7.1. Pressurized Water Reactor (PWR)
10.7.2. Boiler Water Reactor (BWR)
10.7.3. Pressurized Heavy Water Reactor (PHWR)
10.7.4. Gas Cooled Reactor (GCR)
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nuclear Power Demand Share Forecast, 2019-2026
11. Europe Nuclear Power Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nuclear Power Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nuclear Power Market Size and Volume Forecast by Application
11.4.1. Electric Power Generation
11.4.2. Industrial
11.4.3. Medical
11.4.4. Food & Agriculture
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nuclear Power Market Size and Volume Forecast by Type
11.7.1. Pressurized Water Reactor (PWR)
11.7.2. Boiler Water Reactor (BWR)
11.7.3. Pressurized Heavy Water Reactor (PHWR)
11.7.4. Gas Cooled Reactor (GCR)
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nuclear Power Demand Share, 2019-2026
12. Asia Pacific Nuclear Power Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nuclear Power Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nuclear Power Market Size and Volume Forecast by Application
12.4.1. Electric Power Generation
12.4.2. Industrial
12.4.3. Medical
12.4.4. Food & Agriculture
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nuclear Power Market Size and Volume Forecast by Type
12.7.1. Pressurized Water Reactor (PWR)
12.7.2. Boiler Water Reactor (BWR)
12.7.3. Pressurized Heavy Water Reactor (PHWR)
12.7.4. Gas Cooled Reactor (GCR)
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nuclear Power Demand Share, 2019-2026
13. Middle East & Africa Nuclear Power Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nuclear Power Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nuclear Power Market Size and Volume Forecast by Application
13.4.1. Electric Power Generation
13.4.2. Industrial
13.4.3. Medical
13.4.4. Food & Agriculture
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nuclear Power Market Size and Volume Forecast by Type
13.7.1. Pressurized Water Reactor (PWR)
13.7.2. Boiler Water Reactor (BWR)
13.7.3. Pressurized Heavy Water Reactor (PHWR)
13.7.4. Gas Cooled Reactor (GCR)
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nuclear Power Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nuclear Power Market: Market Share Analysis
14.2. Nuclear Power Distributors and Customers
14.3. Nuclear Power Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Orano (previously Areva)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. China National Nuclear Cooperation (CNNC)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Larsen and Toubro (L&T)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NIAEP ASC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Westinghouse Electric Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Atomic Energy of Canada
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bharat Heavy Electricals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KEPCO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Heavy Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bruce Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CEZ Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nukem
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
