North America Nuclear Power Plant and Equipment Market Report and Forecast 2025-2034
Description
The North America nuclear power plant and equipment market size reached around USD 14.45 Billion in 2024. The market is projected to grow at a CAGR of 4.00% between 2025 and 2034, reaching almost USD 21.39 Billion by 2034.
Nuclear power is responsible for meeting 20% of the total electricity demand in the United States. Even a modest increase in the consumption of electricity could trigger a wide gap between the supply and demand for nuclear power, which currently accounts for 55% of the carbon-free electricity generation in the United States. To avoid this, 55 GWe of new nuclear power capacity has to be established in the United States by 2035. This is expected to drive the North America nuclear power plant and equipment market expansion over the forecast period.
Improvements in safety systems and refuelling and maintenance processes in nuclear power plants have led to a reduction in the cost of nuclear power generation in the United States and Canada. This is expected to increase the nuclear power production in the region, thereby fuelling the North America nuclear power plant and equipment market growth over the forecast period.
The provision of various laws, such as the Inflation Reduction Act of 2022, which favour the expansion of existing facilities and construction of new nuclear power plants are expected to drive the North America nuclear power plant and equipment market growth in the coming years.
Market Segmentation
North America Nuclear Power Plant and Equipment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Reactor Type
(PWR) Pressurised Water Reactor
(PHWR) Pressurised Heavy Water Reactor)
Boiling Water Reactor (BWR)
Light Water Graphite Reactor (LWGR)
Gas Cooled Reactor (GCR)
Others
Market Breakup by Equipment Type
Island Equipment
Auxiliary Equipment
Market Breakup by Application
Military
Public Utilities
Others
Market Breakup by Country
United States of America
Canada
The key North America nuclear power plant and equipment market players are GE-Hitachi Nuclear Energy Ltd., Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation), Doosan Corp., Mitsubishi Heavy Industries Ltd., BWX Technologies Inc., Nuscale Power Corp., Westinghouse Electric Company LLC, and Terrestrial Energy Inc., among others.
Nuclear power is responsible for meeting 20% of the total electricity demand in the United States. Even a modest increase in the consumption of electricity could trigger a wide gap between the supply and demand for nuclear power, which currently accounts for 55% of the carbon-free electricity generation in the United States. To avoid this, 55 GWe of new nuclear power capacity has to be established in the United States by 2035. This is expected to drive the North America nuclear power plant and equipment market expansion over the forecast period.
Improvements in safety systems and refuelling and maintenance processes in nuclear power plants have led to a reduction in the cost of nuclear power generation in the United States and Canada. This is expected to increase the nuclear power production in the region, thereby fuelling the North America nuclear power plant and equipment market growth over the forecast period.
The provision of various laws, such as the Inflation Reduction Act of 2022, which favour the expansion of existing facilities and construction of new nuclear power plants are expected to drive the North America nuclear power plant and equipment market growth in the coming years.
Market Segmentation
North America Nuclear Power Plant and Equipment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Reactor Type
(PWR) Pressurised Water Reactor
(PHWR) Pressurised Heavy Water Reactor)
Boiling Water Reactor (BWR)
Light Water Graphite Reactor (LWGR)
Gas Cooled Reactor (GCR)
Others
Market Breakup by Equipment Type
Island Equipment
Auxiliary Equipment
Market Breakup by Application
Military
Public Utilities
Others
Market Breakup by Country
United States of America
Canada
The key North America nuclear power plant and equipment market players are GE-Hitachi Nuclear Energy Ltd., Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation), Doosan Corp., Mitsubishi Heavy Industries Ltd., BWX Technologies Inc., Nuscale Power Corp., Westinghouse Electric Company LLC, and Terrestrial Energy Inc., among others.
Table of Contents
118 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Nuclear Power Plant and Equipment Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Nuclear Power Plant and Equipment Historical Market (2018-2024)
- 5.3 Global Nuclear Power Plant and Equipment Market Forecast (2025-2034)
- 5.4 Global Nuclear Power Plant and Equipment Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Nuclear Power Plant and Equipment Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Nuclear Power Plant and Equipment Historical Market (2018-2024)
- 6.3 North America Nuclear Power Plant and Equipment Market Forecast (2025-2034)
- 7 North America Nuclear Power Plant and Equipment Market by Reactor Type
- 7.1 PWR (Pressurised Water Reactor)
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 PHWR (Pressurised Heavy Water Reactor)
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Boiling Water Reactor (BWR)
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Light Water Graphite Reactor (LWGR)
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Gas Cooled Reactor (GCR)
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 North America Nuclear Power Plant and Equipment Market by Equipment Type
- 8.1 Island Equipment
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Auxiliary Equipment
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Nuclear Power Plant and Equipment Market by Application
- 9.1 Military
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Public Utilities
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Others
- 10 North America Nuclear Power Plant and Equipment Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Trade Data Analysis (HS Code – 84120)
- 12.1 Major Exporting Countries
- 12.1.1 By Value
- 12.1.2 By Volume
- 12.2 Major Importing Countries
- 12.2.1 By Value
- 12.2.2 By Volume
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 GE-Hitachi Nuclear Energy Ltd.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation)
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Doosan Corp.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Mitsubishi Heavy Industries Ltd.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 BWX Technologies Inc.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Nuscale Power Corp.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Westinghouse Electric Company LLC
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Terrestrial Energy Inc.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
