Nuclear Power Market
Nuclear Power Market Size, Share, Competitive Landscape and Trend Analysis Report by Reactor Type, Reactor Size, Fuel Type and Application: Global Opportunity and Industry Forecast (2025-2030)
Report ID:
1120
Industry:
Energy & Power
Published on:
Dec 2025
Nuclear Power Market Summary
Global Nuclear Power Market was a value of USD 40.65 Bn in 2024 and expected it to hit USD 50.56 Bn by 2030, with a CAGR of 3.7% during (2025-2030).
Nuclear Power Industry Trends and Analytical Insights -
Asia pacific Nuclear Power Market was the largest revenue generating region market in year 2024, with market share accounted for 55%.
In 2024, By Reactor Type, Pressurized Light-Water Moderated and Cooled Reactor (PWR) dominated the Nuclear Power Market, accounted for 65.8% market shares.
Leading Key players for Nuclear Power Market in 2024 was ROSATOM, Westinghouse Electric Company, China National Nuclear Corporation (CNNC), China General Nuclear Power Group (CGN) and Électricité de France (EDF).
Market Size & Forecast
Market Size 2024: USD 40.65 Billion
Projected Market Size 2030: USD 50.56 Billion
CAGR (2025-2030): 3.7%
Asia Pacific: Dominated market in 2024
Nuclear Power Market Overview
The year 2024 saw the Global Nuclear Power Industry again confirmed its role as one of the strengths of the low carbon electricity supply. Nuclear reactors around the world churned out more than 2,650 TWh of electricity, accounted around ~ 9–10% of the total global power generation and almost 25% of the total low-carbon electricity generation. The number of reactors in operation was close to 440 units in over 30 countries, and the total installed capacity was over 390 GW(e). The availability of the fleet was at a high level as well, the average capacity factors were above 80%, which thus strengthened Nuclear Power Market reliability advantage over sources that was alternating. The nuclear option was increasingly seen by governments as a core instrument to ensure energy security, maintain the stability of the grid, and achieve emissions reduction in the long run.
The regional Nuclear Power Market trends in 2024 exhibited Asia Nuclear Power Market as the main hub of growth with more than 140 reactors in operation and over 30 units under construction. China Nuclear Power Market was the leader with more than 55 reactors in operation and was responsible for more than 40% of the global new builds. The largest nuclear power producer was North America Nuclear Power Market. The United States Nuclear Power Market was running 93 reactors which were provided about 18–19% of the country's electricity generation. Europe Nuclear Power Market kept a significant installed base of approximately 170 reactors. France Nuclear Power Market was produced more than 60% of its electricity from nuclear despite the fluctuations caused by maintenance. Markets like the Middle East Nuclear Power Market that were once considered off the grid have started participating and have programs with multiple units in progress of Nuclear Power Industry.
Changes to the Nuclear Power Industry in terms of technology and policy were clearly visible in 2024. There were about 65 nuclear power plants was built globally, making up more than 70 GW(e) of new capacity. Programs for life extension continued to be the main theme in developed markets, as more than 100 reactors globally have already been licensed or were planned to be operated beyond 60 years. Concurrently, small modular reactors and advanced reactors were getting more and more attention, as evidenced by the existence of over 20 national programs for SMR development and the increasing need for non-grid applications such as industrial heat and desalination. The collaboration between countries concerning the security of fuel, the establishment of safety standards, and the provision of financing has further strengthening the nuclear medium-term deployment outlook.
This extensive analysis by Jadhavar Business Intelligence Pvt Ltd provides consumers with a complete and actionable picture of the Global Nuclear Power Market, including market size, share, trends, and growth estimates from 2024 to 2030. It provides a complete overview of important locations and countries by Reactor Type, Reactor Size, Fuel Type and Application. Clients receive comprehensive market dynamics, business tool analysis (PORTER and PESTLE), a Technology roadmap, and regulatory updates. The study also includes country-specific projections, competitive benchmarking, Company profiles, and M&A activity, all of which aid in strategic planning, market entry analysis, and competitor positioning in Nuclear power Industry.
Nuclear Power Market Dynamic’s
The Nuclear Power Market in 2024 was mainly influenced by the escalating need for dispatchable low-carbon electricity, with nuclear energy market share accounted for almost 10% of the global power generation and was the second-largest clean source after hydropower globally. More than 40 countries with supportive policy frameworks have used this opportunity to expand nuclear’s role in energy security and decarbonisation agendas. China and India were the two major country that turned the turn with India set a target of ~22.5 GW by 2032 and 100 GW by 2047 as per its Nuclear Power Industry Mission and provided INR 20,000 crore for SMR development. Increased capacity utilization (avg. 83% capacity factor) also highlighted Nuclear Power Industry reliability.
Expert Insight:
The Global nuclear power market is entering a structurally resilient growth phase, driven less by rapid capacity expansion and more by its strategic role in energy security and deep decarbonisation. Market momentum is anchored in Asia Pacific particularly China where standardized reactor designs, strong state backing, and faster execution cycles dominate. Mature markets in North America and Europe are sustaining value through plant life extensions and high capacity factors, reinforcing nuclear’s reliability advantage. Meanwhile, SMRs and advanced reactors represent a medium-term upside, though their commercial impact will remain gradual due to regulatory, financing, and fuel-cycle constraints. Overall, nuclear power is consolidating its position as an indispensable baseload and low-carbon asset rather than a high-growth disruptive technology
Nuclear Power Market Segment Analysis
The Nuclear Power Market is segmented into Reactor Type, Reactor Size, Fuel Type and Application.
By Reactor Type
Based on Reactor Type segment the Nuclear Power Market is segmented into Pressurized Light-Water Moderated and Cooled Reactor (PWR), Pressurized Heavy-Water Moderated and Cooled Reactor (PHWR), Boiling Light-Water Cooled and Moderated Reactor (BWR), Gas Cooled, Graphite Moderated Reactor (GCR), High-Temperature Gas-Cooled Reactor (HTGR), Fast Breeder Reactor (FBR), Others and Home energy management system (HEMS). Pressurized Light-Water Moderated and Cooled Reactor (PWR) has the largest market share of Nuclear Power Market, accounted for 65.8% in 2024. This dominance was driven by PWRs that has verified to be very safe and reliable in operation and that have high capacity factors and that were widely used in North America, Europe, and Asia more specifically in the US, France, China, and South Korea. In addition, the fact that they were compatible with the current fuel supply chains and that the regulators were familiar with them makes PWRs was most favoured ones both in the case of life-extension and new-build projects.
By Fuel Type
Based on Fuel Type Segment, the Nuclear Power Market is segmented into Low-Enriched Uranium (Below 5% U-235), High-Assay LEU (5 to 20% U-235), Mixed Oxide (MOX) and Thorium-based Fuels. Within the Application segment, Low-Enriched Uranium (Below 5% U-235) appears the dominated sub segment have, accounted for 80.4% of market share in 2024 for Nuclear Power Market. This dominance driven by the fact that most of the world's operational PWRs, BWRs, and PHWRs were designed to operate on regular LEU, which was backed by a well-developed global enrichment, fabrication, and regulatory infrastructure. LEU's leadership was further strengthened by long-established safety standards, predictable fuel economics, and supply chains that were secure. The Others segment, which includes HALEU, MOX, and thorium-based fuels, together represented a 10-15% share that was largely limited by the few commercial deployments, higher costs, and the fact that adoption was at the pilot scale or policy-driven, rather than being at the mass scale.
Nuclear Power Market Region Analysis
Asia Pacific Nuclear Power Market was the dominant market in 2024 with a market share accounted for 55%. This dominance was driven by China Nuclear Power Market was, by far, the developed nation in Asia in terms of the global nuclear market and to a large extent it accounted for almost 40% of the reactors that was built globally and about 15% of the total nuclear capacity in the world. China's nuclear fleet consisted of more than 55 units (around 60 GW), and the country kept on giving the green light to several new units each year, which was a clear indication of strong support from the state, the use of a standard design for the reactors, and the increasing demand for electricity. The size, speed of implementation, and unbroken policy of China made it, without a doubt, the most powerful single nuclear market in 2024.
Outside of Asia, both North America Nuclear Power Market and Europe Nuclear Power Market were significant structurally but mature nuclear markets. North America Nuclear Power Market was the home for nearly one-third of the worldwide nuclear capacity, with the US Nuclear Power Market was the leader of the largest operating nuclear fleet in the world. However, the new construction activity was very limited. Europe was the place for about one-fourth of the global nuclear capacity, mainly powered by France Nuclear Power Market, which kept producing more than 60% of its electricity from nuclear sources, supported by life-extension programs. At the same time, the Middle East and Africa Nuclear Power Market combined were the regions of less than 5% of the world nuclear capacity, but they had the first-time nuclear deployments going on, which was a sign of slow but steady geographic diversification beyond the traditional nuclear regions.
Nuclear Power Market Competitive Analysis
In 2024, the top five competitive players were ROSATOM, CNNC, CGN, Westinghouse Electric Company, and EDF. These five were largely responsible for 2024's competitive landscape because of their massive operational fleets, solid government support, and comprehensive capabilities that cover from the reactor design to construction, fuel supply, and even the lifecycle services. ROSATOM and the Chinese state-owned corporations were at the forefront of the global new-build activities, thanks to their highly standardized reactor platforms and attractive financing models. On the other hand, Westinghouse and EDF kept their stronghold in mature markets by providing advanced PWR technologies, fuel services, and operational and life-extension activities that were in line with the long-term strategy.
Essential players in Nuclear Power Market like Framatome, GE Hitachi, KHNP, Mitsubishi Heavy Industries, Toshiba, Doosan Enerbility, and Larsen & Toubro not only contributed significantly as technology providers but also as EPC partners. Specialists in the fuel cycle (Orano, BWX Technologies, Cameco) were the ones who guaranteed the security of the supply, whereas NuScale Power, X-Energy, and Rolls-Royce SMR were responsible for the progress of the SMR. AECL and ENGIE kept a niche position, mainly concentrating on refurbishment, services, and selective market engagement in Nuclear Power Industry.
Nuclear Power Market Scope:
Nuclear Power Market Key Players –
Westinghouse Electric Company
China General Nuclear Power Group (CGN)
Électricité de France (EDF)
GE Hitachi Nuclear Energy
Korea Hydro & Nuclear Power (KHNP)
Mitsubishi Heavy Industries
Doosan Enerbility
Larsen & Toubro
Orano
BWX Technologies
Cameco Corporation
NuScale Power
X-Energy
Rolls-Royce SMR
Atomic Energy of Canada Limited (AECL)
ENGIE
Frequently Ask Questions –
1) Who are the major Key players of Nuclear Power Market?
Ans - The Major Key players of Nuclear Power Market are ROSATOM, Westinghouse Electric Company, China National Nuclear Corporation (CNNC), China General Nuclear Power Group (CGN) and Électricité de France (EDF).
2) Which Region accounted highest share of the Nuclear Power Market in 2024?
Ans – Asia pacific region accounted highest share of the Nuclear Power Market.
3) What was the market size of Nuclear Power Market in 2024?
Ans – In 2024, market size of the Nuclear Power Market is USD 40.65 Billion.
4) Which Segment is expected to lead the market during forecast period?
Ans – Reactor Type Segment was the top segment holds the largest share in Nuclear Power Market during forecast period.
5) What will be the market size of Nuclear Power Market in 2030?
Ans- The market size of Nuclear Power Market in 2030 will be USD 50.56 Billion.