Global Nuclear Power Plant Equipment Market to Grow at 3.76% CAGR by 2028 | MarkNtel Advisors

Business Mar 13, 2025 6 Add to Reading List

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Nuclear Power Plant Equipment Market, The Global Nuclear Power Plant Equipment Market is projected to grow at a CAGR of around 3.76% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Nuclear Power Plant Equipment Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 3.76%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Request for a Free PDF Sample of the Report – https://www.marknteladvisors.com/query/request-sample/nuclear-power-plant-equipment-market.html

Global Nuclear Power Plant Equipment Market Segmentation Breakdown:

The Nuclear Power Plant Equipment Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Type of Reactor
- Pressurized Water Reactor (PWR)
- Pressurized Heavy Water Reactor (PHWR)
- Boiling Water Reactor (BWR)
- Others (Gas Cooled Reactor (GCR), Light Water Graphite Reactor (LWGR), etc.)

During the historical period, Pressurized Water Reactor captured a nominal share in the Global Nuclear Power Plant Equipment market.

By Equipment Type
- Island Equipment
- Auxiliary Equipment

In the Global Nuclear Power Plant Equipment market, Island Equipment is expected to hold the major share in the upcoming years, as is vital for maintaining the resilience of nuclear power plants in islanded or isolated conditions.

By Demand Type
- OEM
- Replacement

Geographical Growth Insights:

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Asia-Pacific region is expected to witness significant growth in the Global Nuclear Power Plant Equipment market in the upcoming years.

MarkNtel Advisors Highlights Key Market Drivers for Nuclear Power Plant Equipment Market:

Addressing the Growing Demand for Clean Electricity - During the historical years, nuclear energy has remained a leading source of clean electricity across the globe. Also, nuclear power made up about 10% of global electricity generation in 2021, and this share has declined from 18% in the late 1990s, but nuclear is still the second-largest source of low-emissions electricity (i.e. non-fossil-based) after hydroelectricity and the leading source in advanced economies. Countries such as the US, Germany, the UK, etc., have set ambitious targets to reduce carbon emissions and combat climate change.

While renewable energy plays a vital role in achieving these goals, it is not sufficient alone to meet the increasing electricity demand globally. Thus, to achieve net zero targets, nuclear power plants, with their low-carbon footprint and ability to generate large-scale electricity, are considered an important part of the decarbonization strategy. Hence, the growing adoption of clean energy across the globe is expected to increase the requirement for nuclear power plant equipment to support the transition to a low-carbon economy in the coming years.

A Comprehensive Analysis of Leading Companies in Global Nuclear Power Plant Equipment Market

General Electric
Business Description
Facility Portfolio
Strategic Alliances or Partnerships
Recent Developments
Financial Details
Others
Shanghai Electric
Mitsubishi Heavy Industries
L&T Heavy Engineering
Toshiba Energy System & Solutions Corporation
Dongfang Electric Corporation
Doosan Corporation.
BWX Technologies, Inc.
Terrestrial Energy Inc.
AREVA S.A.
NuScale Power Corporation
Others

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/nuclear-power-plant-equipment-market.html

Global Nuclear Power Plant Equipment Market Recent Developments

2023:GE Hitachi Nuclear Energy (GEH), Ontario Power Generation (OPG), SNC-Lavalin and Aecon have signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site. This is one of the first commercial contract for a grid-scale SMR in North America.
2022:GE Steam Power signed a contract of around USD165 million with BHEL for the supply of three nuclear steam turbines out of six units for NPCIL’s domestic nuclear program. The domestic program includes nearly 12 units of 700 MWe being developed by NPCIL with their own nuclear reactor technology i.e., Pressurized Heavy Water Reactors (PHWR).

Global Nuclear Power Plant Equipment Market Growth Opportunity:

Government 2030 Initiative for Sustainable Development & Decarbonization - Increasing sustainable energy approach and decarbonization goals, countries require a reliable & consistent power supply to meet the growing energy demands globally. Nuclear power plants provide baseload power and help to generate electricity continuously without being affected by weather conditions during the day or night time. Along with this, governments transition to clean energy systems, the need for a mix of renewable energy sources and low-carbon baseload power, with nuclear power plants serving as a stable and emissions-free option to cater to the growing demand for energy in the coming years.

Furthermore, rising government initiatives for sustainable development and decarbonization encourage technological advancements in the energy sector. These initiatives led to an increase in the research and development efforts in nuclear power, leading to the development of advanced reactor designs, improved safety systems, and increased operational efficiency. Thus, in the coming years, new & innovative nuclear power technologies develop, and there is an increased demand for the corresponding equipment to support the deployment of these advanced systems which is further expected to escalate the market growth in the forecast period.

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/nuclear-power-plant-equipment-market.html

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

More Research Studies:

UAE Automotive Aftermarket Market size was valued at around USD 7 billion in 2024& is projected to reach USD 8.4 billion by 2030 with a 3.5% CAGR.
UAE Health Insurance Market size was valued at around USD 8.7 billion in 2024and is projected to reach USD 12.7 billion by 2030 with a CAGR of 6.5%.
India Logistics Market size was valued at around USD 230 billion in 2024and is projected to reach USD 360 billion by 2030 with a CAGR of around 8%.