Global Nuclear Electricity Market Top Major Players 2024, Forecast To 2033
17 Jan, 2024
The nuclear electricity market size has displayed robust growth, rising from $215.19 billion in 2023 to $227.54 billion in 2024, with a 5.7% CAGR. Historical growth is attributed to low carbon emissions, energy security, government support, and the extended lifespan of nuclear facilities. Future projections estimate a market size of $278.49 billion in 2028, driven by climate change mitigation, energy transition, challenges associated with an aging nuclear fleet, and considerations of public acceptance. Noteworthy trends encompass international collaboration, technological advancements, green financing, and a focus on advanced reactor designs.
Global Nuclear Electricity Market Key Driver
The growing demand for electricity is a key driver of the nuclear power generation market. Growing economies and rising populations, especially in developing countries like China, India, Brazil, and certain African countries, contribute to increased power demand. India experienced an 8% increase in power demand in 2022, with industrial and commercial sectors contributing over 50% to the country's yearly power consumption. This escalating demand for electricity propels the growth of the nuclear power generation market.
Get A Free Sample Of The Global Nuclear Electricity Market ReportGlobal Nuclear Electricity Market Segments
The nuclear electricity market covered in this report is segmented –
1) By Reactor Type: Pressurized Water Reactors (PWR), Fast Breeder Reactor (FBR), Pressurized Heavy-Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas-Cooled Reactor (GCR)
2) By Technology: Generation I, Generation II, Generation III, and Generation IV
3) By End-User: Residential, Commercial, Industrial
By Geography: The regions covered in the nuclear electricity market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the nuclear electricity market in 2023. Western Europe was the second-largest region in the nuclear electricity market. The regions covered in the nuclear electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Nuclear Electricity Industry Players
Électricité de France S.A., Exelon Corporation, Duke Energy Corporation, Enel SpA, NextEra Energy Inc., State Atomic Energy Corporation Rosatom, Korea Electric Power Corporation, Constellation Energy Group Inc., China General Nuclear Power Corporation, Enel Green Power S.p.A., General Electric Company, Hitachi Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Westinghouse Electric Company LLC, Areva SA, China National Nuclear Corporation, China National Nuclear Power Co. Ltd., Dominion Energy Inc., Southern Company, Bruce Power LP, Korea Hydro & Nuclear Power Co. Ltd., Rosenergoatom Concern JSC, TVEL Fuel Company, Urenco Limited
Get The Full Global Nuclear Electricity Market Report
Nuclear Electricity Market Overview
Nuclear electricity refers to a clean and efficient way of boiling water to make steam, which turns turbines to produce electricity. The heat produced in the nuclear power reactor core during nuclear fission is used to boil water into steam, which converts the blades of a steam turbine. As the turbine blades turn, they drive generators that produce electricity.
Nuclear Electricity Global Market Report 2023 provides data on the global nuclear electricity market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The nuclear electricity market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.