Global Nuclear Power Plant and Equipment Strategic Business Report 2023: Urgent Need to De-carbonize Energy Production for Mitigating Climate Change Sustains Growth

Dublin, April 04, 2023 (GLOBE NEWSWIRE) -- The "Nuclear Power Plant and Equipment: Global Strategic Business Report" report has been added to's offering.

The global market for Nuclear Power Plant and Equipment estimated at US$82.5 Billion in the year 2022, is projected to reach a revised size of US$103.1 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030.

The U.S. Market is Estimated at $24.1 Billion, While China is Forecast to Grow at 2.7% CAGR

The Nuclear Power Plant and Equipment market in the U.S. is estimated at US$24.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Select Competitors (Total 84 Featured) -

  • Atomstroyexport
  • Axpo Group
  • Bruce Power L.P.
  • China General Nuclear Power Group
  • China National Nuclear Corporation
  • Dongfang Electric Corporation Limited
  • Doosan Babcock Limited
  • E.ON SE
  • EDF (Electricite de France) SA
  • ENGIE Electrabel
  • Exelon Corporation
  • GE Hitachi Nuclear Energy
  • Korea Hydro & Nuclear Power Co., Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NNEGC Energoatom
  • Nuclear Power Corporation of India Limited
  • Ontario Power Generation
  • Orano
  • Shanghai Electric Group Company Limited
  • Tokyo Electric Power Company Holdings
  • Toshiba Corporation
  • Vattenfall AB

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages294
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$82.5 Billion
Forecasted Market Value (USD) by 2030$103.1 Billion
Compound Annual Growth Rate2.8%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Nuclear Power: Reliable and Sustainable Electricity Source with Minimal Carbon Emissions
  • Global Nuclear Power Industry: Fast Facts
  • Recent Market Activity
  • Myriad Benefits of Nuclear Power over Coal, Oil, and Gas to Drive the Vision of the "Plutonium Economy"
  • China's Growing Prominence in the Global Nuclear Power Industry
  • US Continues to Remain the Single Largest Nuclear Power Market in the World
  • Russia: Global Leader for Cutting-Edge Fast-Fission Reactor Technology
  • State of Nuclear Power in Major Markets Summarized
  • Asia
  • Russia and East Europe
  • Western and Central Europe
  • Middle East and Africa
  • North America
  • South America
  • Japan's Fukushima Disaster: Major Growth Impeding Factor for the Global Nuclear Power Industry
  • Despite Growth in Nuclear Power Generation, Contribution to the Global Energy Mix Declines
  • Interest in Nuclear Power Generation Continues to Wane Globally
  • Innovation in Nuclear Power is the Key for Future of Sustainable Energy
  • Need for International Cooperation: The Solution to Nuclear Power Industry Woes
  • Global Market Outlook: Optimistic Long Term Outlook amidst Short Term Issues and Challenges
  • Improving Economy Signals Market Growth Opportunities in the Near Term
  • Nuclear Power - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • The Urgent Need to De-carbonize Energy Production for Mitigating Climate Change Sustains Market Growth for Nuclear Power
  • Despite Numerous Issues and Challenges, Nuclear Energy Offers Clean Electricity and Energy Independence
  • Low-carbon Nuclear Electricity Critical for Realizing the 2C Scenario
  • Will Nuclear Power Generation Result in Long-Term Ecological Impact: The Debate Continues
  • Growing Number of New Plant Constructions Offset Reactor Retirements and Benefit Nuclear Capacity Expansion
  • Construction and Upgrading of Nuclear Plants
  • Capacity Gains through Uprating
  • Plant Retirements and Lifetime Extensions
  • Accounting for Two-Thirds of Under-Construction Reactors Globally, Asia-Pacific Remains at the Forefront of Nuclear Power Generation
  • Uprating and Life-Extension of Existing Nuclear Reactors Lend Traction to Market Growth
  • Need to Complement Fossil Fuel Power with Sustainable Nuclear Power for Meeting Surging Electricity Demand: An Important Growth Driver
  • Ballooning Global Population and Exponential Increase in Urbanization Propel Electricity Demand
  • Developing Countries to Drive Electricity Consumption and Production
  • Tougher Safety Norms: A Boon for Nuclear Safety and Radiation Monitoring
  • Uranium Prices to Power Higher in Sync with Growing Global Nuclear Power Capacity
  • Number of Existing and Potential Applications Drive Lithium Demand in the Nuclear Power Industry
  • Lithium: The Only Stable Element for Producing Net Energy through Nuclear Fission
  • Thorium: Minimizing Fuel Wastage and Mitigating Concerns Associated with Uranium-Based Nuclear Power
  • Significance of Thorium as Nuclear Fuel
  • Types of Reactors Suitable for Thorium
  • Projects Using Thorium Fuel to Generate Electricity
  • R&D Efforts Involving Key Reactor Types
  • Other Notable Research Efforts
  • Key Challenges Associated with Thorium Fuel Cycles
  • Unprecedented Rise of Renewable Energy Set to Dent Market Prospects for Nuclear Power
  • Wind and Solar Expansion Lead to Renewable Power Revolution
  • High Capital Intensiveness of Nuclear Power Plants
  • Despite Ongoing Evolution in Nuclear Reactor Technologies, Nuclear Construction Hits Numerous Roadblocks
  • Construction Status of Major Generation III+ Nuclear Power Plants Worldwide
  • Factors Responsible for Construction Delays and Ongoing Efforts for Extending Operational Lifetime of NPPs
  • Standardization, Continuity and Strict Centralization Key to Reducing Nuclear Energy Costs
  • Prohibitive Cost, Environmental Issues Associated with Nuclear Fuel Disposal
  • Growing Concerns about Economic Viability of Nuclear Plants
  • Dearth of Skilled Manpower




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Global Market for Nuclear Power Plant and Equipment