According to Stratistics MRC, the Global Nuclear Power is accounted for $100.11 billion in 2017 and is expected to reach $245.88 billion by 2026 growing at a CAGR of 10.4%.
Some of the key factors propelling the market growth are increasing demand for energy from industrial and residential sectors, rising applications of nuclear energy from emerging economies and technological advancements. However, huge costs of storing and monitoring radioactive waste generated in nuclear energy plants is inhibiting the growth of the market.
Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion. Nuclear power is the only carbon free source and contributing a major part of power supplies. Many nations around the world are looking at nuclear power to protest the earths climate from greenhouse gas emissions and from combustion of fossil fuels.
By Reactor Type, Pressurized Water Reactor (PWR) segment is dominating the market during forecast period due to rising rates of installation. North America is leading the nuclear power market owing to the large-scale installations in the U.S. However, Europe environmental regulations have also encouraged countries such as Germany, France and Spain to invest in the nuclear energy market.
Some of the key players in global Nuclear Power market include Alstom SA, Bruce Power, Babcock & Wilcox Company, Eletronuclear, China General Nuclear Power Corporation, Hitachi-GE Nuclear Energy Ltd, Mitsubishi Heavy Industries Ltd, CEZ Group, Uranium Corporation of India, Siemens, E.ON SE, Nuclear Power Corporation of India, Shanghai Electric, Nukem GmbH and United Uranium.
Reactor Types Covered:
Pressurized Water Reactors (PWR)
Boiling Water Reactors (BWR)
Pressurized Heavy Water Reactor (PHWR)
Gas Cooled Reactor (GCR)
Other Reactor Types
Food & Agriculture
Electric Power Generation
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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