Global Nuclear Power Plant Equipment Market Size Study & Forecast, by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR)) and Equipment Type (Island Equipment, Auxiliary Equipment), and Regio

The Global Nuclear Power Plant Equipment Market is valued at approximately USD 16.82 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 3.50% over the forecast period 2025 to 2035. As the global community pivots towards low-carbon energy alternatives to combat climate change, nuclear power is regaining prominence as a reliable, sustainable, and high-output source of electricity. This revitalized interest in nuclear energy is fundamentally altering the demand landscape for advanced power plant equipment. Countries are increasingly reactivating dormant plants, upgrading aging infrastructure, and commissioning new facilities. These developments have stimulated a strong uptick in the demand for both island and auxiliary nuclear plant equipment. Island equipment, which includes reactors, steam generators, and control systems, remains the backbone of nuclear operations, while auxiliary components like pumps, valves, and cooling systems are also gaining traction amid the shift toward plant modernization and safety enhancement.

A key driver of this market’s upward trajectory is the ongoing global emphasis on energy security and grid decarbonization. Several economies are doubling down on long-term investments in nuclear capacity to offset fossil fuel dependency and meet aggressive carbon neutrality goals. According to the World Nuclear Association, over 60 reactors are currently under construction across 19 countries, with China, India, and Russia leading the charge. Furthermore, small modular reactors (SMRs) are also emerging as a disruptive force within the market, particularly in remote regions and for utility-scale deployment in urban grids. These SMRs, with their scalable architecture and enhanced safety features, are opening new frontiers in the procurement of nuclear power plant equipment. Additionally, technological advancements in reactor core design, thermal efficiency, and real-time diagnostics are transforming operational paradigms, making the new-generation equipment smarter, safer, and more cost-efficient.

Regionally, North America continues to hold a strategic foothold in the global nuclear equipment market due to its robust energy infrastructure and deep-rooted expertise in nuclear science. The U.S. government’s firm support through policy incentives and modernization funding has positioned the country as a key demand generator for reactor and auxiliary equipment. Meanwhile, Europe is undergoing a nuclear renaissance, especially in nations like France, the UK, and Finland, where plans for new reactor builds and life-extension projects are underway. Asia Pacific, however, is anticipated to be the fastest-growing region over the forecast horizon. This growth is underpinned by China’s aggressive nuclear deployment strategy, India’s expanding reactor fleet, and South Korea’s focus on export-driven nuclear technologies. The region’s rising power consumption, industrial growth, and favorable regulatory environment are expected to play pivotal roles in equipment demand escalation.

Major market player included in this report are:
• Baker Hughes Company
• GE Hitachi Nuclear Energy
• Schneider Electric SE
• Mitsubishi Heavy Industries, Ltd.
• Westinghouse Electric Company LLC
• Doosan Enerbility Co., Ltd.
• Framatome GmbH
• Bharat Heavy Electricals Limited (BHEL)
• Toshiba Energy Systems & Solutions Corporation
• ROSATOM State Atomic Energy Corporation
• Larsen & Toubro Limited
• Shanghai Electric Group Company Limited
• SNC-Lavalin Group Inc.
• Holtec International
• Korea Electric Power Corporation (KEPCO)

Global Nuclear Power Plant Equipment Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Reactor Type:
• Pressurized Water Reactor (PWR)
• Pressurized Heavy Water Reactor (PHWR)
• Boiling Water Reactor (BWR)

By Equipment Type:
• Island Equipment
• Auxiliary Equipment

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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