Nuclear Power Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2023-2029

Market Overview

Global Nuclear Power Market was valued at USD 71.41 billion in 2021 and is expected to reach USD 163.47 billion by the year 2028, at a CAGR of 12.56%.

Nuclear fission is used to create electricity, while fusion technology is still in the research and development stage. Inside nuclear power plants, nuclear reactors and their equipment confine and regulate the chain reactions, which are typically fueled by uranium-235 and generate heat via fission. The heat warms the cooling agent, often water, in the reactor to generate steam. The steam is then sent to turbines, which activate an electric generator to provide carbon-free electricity.

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Market Dynamics

Driver

As a result of increasing urbanization and industrialization, the global need for energy resources is rising. The need for power is growing in developing countries such as the Middle East and Africa. Huge investments have been made in non-fossil fuel-based energy generation technologies as a result of the depletion of fossil fuels. The demand for clean energy is the primary element driving the nuclear power market's expansion. In an effort to minimize their reliance on fossil fuels and lower their carbon emissions, many countries are expected to initiate a large number of nuclear energy projects during the next year. In addition, nuclear energy's ability to create electricity with little hazardous emissions is projected to contribute to the growth of the nuclear power market.

Opportunities

The increasing demand for clean energy and diminishing fossil fuel reserves have created a need for alternate energy sources. In addition, global acceptance of nuclear power generation technology has resulted from government programs promoting a greener environment. To combat the energy constraint, developing countries are investing heavily in nuclear power projects. The increased usage of nuclear power as an alternative to conventional electricity is expected to provide various growth opportunities for the nuclear power market.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

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

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Regional Outlook of Nuclear Power Market

North America dominates the nuclear power industry in terms of geography, owing to large-scale installations in the United States. Furthermore, European environmental regulations have prompted countries like Spain, Germany, and France to invest in the nuclear power market. Due to the development of new nuclear power plants in China, Asia Pacific is projected to be the fastest-growing market for nuclear energy.

Electricity demand is growing as the economies of the Middle East and Africa (MENA) expand. The region's major countries are investing in non-fossil fuel-based power generation technologies, especially small nuclear reactors. Jordan and a few other countries are in the early stages of building nuclear power plants, which would likely provide an opportunity for the region's global nuclear power market to expand.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Nuclear Power Market

•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

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Nuclear Power Market by Type
 5.1 Nuclear Power Market Overview Snapshot and Growth Engine
 5.2 Nuclear Power Market Overview
 5.3 Pressurized Water Reactor (PWR)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Pressurized Water Reactor (PWR): Grographic Segmentation
 5.4 Boiler Water Reactor (BWR)
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Boiler Water Reactor (BWR): Grographic Segmentation
 5.5 Pressurized Heavy Water Reactor (PHWR)
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Pressurized Heavy Water Reactor (PHWR): Grographic Segmentation
 5.6 Gas Cooled Reactor (GCR)
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Gas Cooled Reactor (GCR): Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Nuclear Power Market by Application
 6.1 Nuclear Power Market Overview Snapshot and Growth Engine
 6.2 Nuclear Power Market Overview
 6.3 Electric Power Generation
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Electric Power Generation: Grographic Segmentation
 6.4 Industrial
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Industrial: Grographic Segmentation
 6.5 Medical
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Medical: Grographic Segmentation
 6.6 Food & Agriculture
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Food & Agriculture: Grographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis

Continued…

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