원자력발전소 설비 시장 규모, 점유율, 성장, 세계 산업 분석, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of nuclear power plant equipment Market

The global nuclear power plant equipment market size was valued at USD 17.97 billion in 2025. The market is projected to grow from USD 18.79 billion in 2026 to USD 26.93 billion by 2034, exhibiting a CAGR of 4.60% during 2026-2034. Asia Pacific dominated the global market with a 38.24% market share in 2025.

Nuclear power plants generate electricity through controlled nuclear fission, where the heat released from splitting atoms is converted into steam and subsequently used to generate electricity. The equipment landscape includes reactor systems and supporting equipment used across different reactor technologies, including Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), Pressurized Heavy Water Reactors (PHWR), Fast Breeder Reactors (FBR), and others.

Market Definition and Scope

The nuclear power plant equipment market covers equipment required for nuclear power generation, plant operation, safety, cooling, power conversion, and supporting processes. Equipment is broadly categorized into island and auxiliary equipment and is deployed across commercial nuclear facilities and emerging reactor projects.

Market Dynamics

Drivers

Rising Energy Demand and Clean Electricity Generation

Growing electricity demand and efforts to reduce emissions are encouraging countries to consider nuclear power as part of their energy mix. Nuclear plants can provide large-scale electricity generation, supporting demand for new facilities, modernization projects, and associated equipment.

Increasing Deployment of Major Nuclear Equipment

The extensive use of PWR, BWR, CANDU, and other reactor technologies is creating opportunities for equipment manufacturers. Increasing demand for fuel assemblies, fuel rods, reactor components, and supporting systems is further contributing to industry development.

Trends

Technological Advancements in Nuclear Reactors

Innovation in reactor technology is shaping the nuclear power plant equipment market. Small modular reactors (SMRs) are receiving increasing attention because their modular architecture can provide potential construction and deployment advantages compared with conventional large-scale reactors.

Expansion Through Strategic Investments

Major industry participants are pursuing acquisitions, partnerships, and capacity expansion to strengthen their nuclear and broader energy equipment portfolios. Such strategies are supporting technological development and creating new opportunities across the nuclear equipment value chain.

Restraints

Challenges in Financing Nuclear Power Projects

Nuclear power plants require substantial upfront investment and long development timelines. Difficulty in securing financing can delay new projects. Competition from lower-cost renewable generation and challenges associated with radioactive waste management can also affect market expansion.

Segmentation Analysis

By Equipment Type

The market is segmented into island equipment and auxiliary equipment. Island equipment represents a major portion of the market because of its critical role in plant operation and safety. It accounts for approximately 12.6% of total nuclear power plant capital cost. Auxiliary equipment supports reliability, radiation protection, water purification, and other essential plant functions.

By Reactor Type

Based on reactor type, the market includes Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), and others. The PWR segment holds a major market position, supported by its large installed fleet and continuing investment in PWR projects. BWR technology also represents an important segment, while PHWR deployment remains concentrated in selected countries.

Regional Insights

Asia Pacific

Asia Pacific dominated the market with a 38.24% share in 2025. China represents a major contributor because of its nuclear construction pipeline and government support for capacity expansion. India is also pursuing nuclear capacity expansion to meet its growing electricity requirements.

North America

North America is expected to witness promising growth because of increasing nuclear investment, rising electricity demand, clean-energy initiatives, and government support. The U.S. market is projected to reach USD 8.09 billion by 2032.

Europe

Europe has an established nuclear power industry and a substantial operational reactor fleet. France represents a major regional market, while investments in advanced nuclear technologies and SMRs are creating additional opportunities.

Rest of the World

Countries across other regions are exploring nuclear energy to strengthen electricity supply and diversify their energy mix. Development programs and investments in nuclear infrastructure are supporting demand for plant equipment.

Competitive Landscape

The nuclear power plant equipment market is highly competitive, with manufacturers focusing on technological development, project partnerships, equipment modernization, and expansion of nuclear-related capabilities. Key companies include General Electric, Alstom, Shanghai Electric, Toshiba Corporation, Korea Electric Power Corporation, Larsen & Toubro Limited, Mitsubishi Heavy Industries, Doosan Corporation, Dongfang Electric Corporation, The State Atomic Energy Corporation, BWX Technologies, and AREVA.

Recent Industry Developments

• October 2021: Jacobs secured an extension of its Project Management Resources agreement with EDF Nuclear Generation to support multiple U.K. nuclear facilities and long-term reactor operations.
• August 2021: Hitachi-GE Nuclear Energy and GE Hitachi Nuclear Energy advanced development of the BWRX-300 small modular reactor, targeting new nuclear power opportunities and emissions-reduction objectives.

Report Coverage

The nuclear power plant equipment market report covers market size, market value, market forecast, equipment types, reactor technologies, regional developments, market trends, growth drivers, restraints, competitive landscape, investment opportunities, and key industry developments. It also examines the increasing adoption of advanced reactor technologies and the role of nuclear energy in meeting growing electricity demand.

Conclusion

The global nuclear power plant equipment market is projected to grow from USD 17.97 billion in 2025 to USD 18.79 billion in 2026 and reach USD 26.93 billion by 2034. Rising electricity demand, clean-power requirements, nuclear capacity expansion, reactor modernization, and technological advancements are expected to support market development. PWR technology remains a major segment, while SMRs and other advanced reactor technologies are creating new opportunities for equipment manufacturers. Asia Pacific is expected to remain a key market, supported by nuclear projects and capacity expansion in countries such as China, India, and Japan.

Segmentation By Equipment Type, By Reactor Type, and By Region

By Equipment Type

• Island Equipment
• Auxiliary Equipment

By Reactor Type

• Pressurized Water Reactors (PWR)
• Boiling Water Reactors (BWR)
• Pressurized Heavy Water Reactors (PHWR)
• Others

By Geography

• North America (By Equipment Type, By Reactor Type, By Country)
  • U.S. (By Reactor Type)
  • Canada (By Reactor Type)
• Europe (By Equipment Type, By Reactor Type, By Country)
  • U.K. (By Reactor Type)
  • Germany (By Reactor Type)
  • France (By Reactor Type)
  • Ukraine (By Reactor Type)
  • Spain (By Reactor Type)
  • Russia (By Reactor Type)
  • Sweden (By Reactor Type)
  • Belgium (By Reactor Type)
  • Rest of Europe (By Reactor Type)
• Asia Pacific (By Equipment Type, By Reactor Type, By Country)
  • China (By Reactor Type)
  • India (By Reactor Type)
  • Japan (By Reactor Type)
  • South Korea (By Reactor Type)
  • Rest of Asia Pacific (By Reactor Type)
• Rest of the World (By Equipment Type, By Reactor Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Regulatory Landscape
• 4.4. Porters Five Forces Analysis

5. Qualitative Analysis - Impact of COVID-19

• 5.1. Impact of COVID-19 on the Nuclear Power Plant Equipment Market
• 5.2. Steps Taken by the Government to Overcome the Impact
• 5.3. Key Developments in the Industry in Response to COVID-19
• 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak

6. Global Nuclear Power Plant Equipment Market Analysis (USD Billion), Insights and Forecast, 2021-2034

• 6.1. Key Findings / Summary
• 6.2. Market Analysis, Insights and Forecast - By Equipment Type
  • 6.2.1. Island Equipment
  • 6.2.2. Auxiliary Equipment
• 6.3. Market Analysis, Insights and Forecast - By Reactor Type
  • 6.3.1. Pressurized Water Reactor (PWR)
  • 6.3.2. Boiling Water Reactor (BWR)
  • 6.3.3. Pressurized Heavy Water Reactor (PHWR)
  • 6.3.4. Others
• 6.4. Market Analysis, Insights and Forecast - By Region
  • 6.4.1. North America
  • 6.4.2. Europe
  • 6.4.3. Asia Pacific
  • 6.4.4. Rest of the World

7. North America Nuclear Power Plant Equipment Market Analysis (USD Billion), Insights and Forecast, 2021-2034

• 7.1. Key Findings / Summary
• 7.2. Market Analysis, Insights and Forecast - By Equipment Type
  • 7.2.1. Island Equipment
  • 7.2.2. Auxiliary Equipment
• 7.3. Market Analysis, Insights and Forecast - By Reactor Type
  • 7.3.1. Pressurized Water Reactor (PWR)
  • 7.3.2. Boiling Water Reactor (BWR)
  • 7.3.3. Pressurized Heavy Water Reactor (PHWR)
  • 7.3.4. Others
• 7.4. Market Analysis, Insights and Forecast - By Country
  • 7.4.1. U.S. Market Analysis, Insights and Forecast - By Reactor Type
    • 7.4.1.1. Pressurized Water Reactor (PWR)
    • 7.4.1.2. Boiling Water Reactor (BWR)
    • 7.4.1.3. Pressurized Heavy Water Reactor (PHWR)
    • 7.4.1.4. Others
  • 7.4.2. Canada Market Analysis, Insights and Forecast - By Reactor Type
    • 7.4.2.1. Pressurized Water Reactor (PWR)
    • 7.4.2.2. Boiling Water Reactor (BWR)
    • 7.4.2.3. Pressurized Heavy Water Reactor (PHWR)
    • 7.4.2.4. Others

8. Europe Nuclear Power Plant Equipment Market Analysis (USD Billion), Insights and Forecast, 2021-2034

• 8.1. Key Findings / Summary
• 8.2. Market Analysis, Insights and Forecast - By Equipment Type
  • 8.2.1. Island Equipment
  • 8.2.2. Auxiliary Equipment
• 8.3. Market Analysis, Insights and Forecast - By Reactor Type
  • 8.3.1. Pressurized Water Reactor (PWR)
  • 8.3.2. Boiling Water Reactor (BWR)
  • 8.3.3. Pressurized Heavy Water Reactor (PHWR)
  • 8.3.4. Others
• 8.4. Market Analysis, Insights and Forecast - By Country
  • 8.4.1. UK Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.1.1. Pressurized Water Reactor (PWR)
    • 8.4.1.2. Boiling Water Reactor (BWR)
    • 8.4.1.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.1.4. Others
  • 8.4.2. Germany Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.2.1. Pressurized Water Reactor (PWR)
    • 8.4.2.2. Boiling Water Reactor (BWR)
    • 8.4.2.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.2.4. Others
  • 8.4.3. France Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.3.1. Pressurized Water Reactor (PWR)
    • 8.4.3.2. Boiling Water Reactor (BWR)
    • 8.4.3.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.3.4. Others
  • 8.4.4. Ukraine Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.4.1. Pressurized Water Reactor (PWR)
    • 8.4.4.2. Boiling Water Reactor (BWR)
    • 8.4.4.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.4.4. Others
  • 8.4.5. Spain Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.5.1. Pressurized Water Reactor (PWR)
    • 8.4.5.2. Boiling Water Reactor (BWR)
    • 8.4.5.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.5.4. Others
  • 8.4.6. Russia Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.6.1. Pressurized Water Reactor (PWR)
    • 8.4.6.2. Boiling Water Reactor (BWR)
    • 8.4.6.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.6.4. Others
  • 8.4.7. Sweden Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.7.1. Pressurized Water Reactor (PWR)
    • 8.4.7.2. Boiling Water Reactor (BWR)
    • 8.4.7.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.7.4. Others
  • 8.4.8. Belgium Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.8.1. Pressurized Water Reactor (PWR)
    • 8.4.8.2. Boiling Water Reactor (BWR)
    • 8.4.8.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.8.4. Others
  • 8.4.9. Rest of Europe Market Analysis, Insights and Forecast - By Reactor Type
    • 8.4.9.1. Pressurized Water Reactor (PWR)
    • 8.4.9.2. Boiling Water Reactor (BWR)
    • 8.4.9.3. Pressurized Heavy Water Reactor (PHWR)
    • 8.4.9.4. Others

9. Asia Pacific Nuclear Power Plant Equipment Market Analysis (USD Billion), Insights and Forecast, 2021-2034

• 9.1. Key Findings / Summary
• 9.2. Market Analysis, Insights and Forecast - By Equipment Type
  • 9.2.1. Island Equipment
  • 9.2.2. Auxiliary Equipment
• 9.3. Market Analysis, Insights and Forecast - By Reactor Type
  • 9.3.1. Pressurized Water Reactor (PWR)
  • 9.3.2. Boiling Water Reactor (BWR)
  • 9.3.3. Pressurized Heavy Water Reactor (PHWR)
  • 9.3.4. Others
• 9.4. Market Analysis, Insights and Forecast - By Country
  • 9.4.1. China Market Analysis, Insights and Forecast - By Reactor Type
    • 9.4.1.1. Pressurized Water Reactor (PWR)
    • 9.4.1.2. Boiling Water Reactor (BWR)
    • 9.4.1.3. Pressurized Heavy Water Reactor (PHWR)
    • 9.4.1.4. Others
  • 9.4.2. India Market Analysis, Insights and Forecast - By Reactor Type
    • 9.4.2.1. Pressurized Water Reactor (PWR)
    • 9.4.2.2. Boiling Water Reactor (BWR)
    • 9.4.2.3. Pressurized Heavy Water Reactor (PHWR)
    • 9.4.2.4. Others
  • 9.4.3. Japan Market Analysis, Insights and Forecast - By Reactor Type
    • 9.4.3.1. Pressurized Water Reactor (PWR)
    • 9.4.3.2. Boiling Water Reactor (BWR)
    • 9.4.3.3. Pressurized Heavy Water Reactor (PHWR)
    • 9.4.3.4. Others
  • 9.4.4. South Korea Market Analysis, Insights and Forecast - By Reactor Type
    • 9.4.4.1. Pressurized Water Reactor (PWR)
    • 9.4.4.2. Boiling Water Reactor (BWR)
    • 9.4.4.3. Pressurized Heavy Water Reactor (PHWR)
    • 9.4.4.4. Others
  • 9.4.5. Rest of Asia Pacific Market Analysis, Insights and Forecast - By Reactor Type
    • 9.4.5.1. Pressurized Water Reactor (PWR)
    • 9.4.5.2. Boiling Water Reactor (BWR)
    • 9.4.5.3. Pressurized Heavy Water Reactor (PHWR)
    • 9.4.5.4. Others

10. Rest of the World Nuclear Power Plant Equipment Market Analysis (USD Billion), Insights and Forecast, 2021-2034

• 10.1. Key Findings / Summary
• 10.2. Market Analysis, Insights and Forecast - By Equipment Type
  • 10.2.1. Island Equipment
  • 10.2.2. Auxiliary Equipment
• 10.3. Market Analysis, Insights and Forecast - By Reactor Type
  • 10.3.1. Pressurized Water Reactor (PWR)
  • 10.3.2. Boiling Water Reactor (BWR)
  • 10.3.3. Pressurized Heavy Water Reactor (PHWR)
  • 10.3.4. Others

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2025
• 11.2. Company Profile
  • 11.2.1. General Electric
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product & Service Offering
    • 11.2.1.3. Overall Revenue
    • 11.2.1.4. Geographic Presence
    • 11.2.1.5. Recent Development
  • 11.2.2. Alstom
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product & Service Offering
    • 11.2.2.3. Overall Revenue
    • 11.2.2.4. Geographic Presence
    • 11.2.2.5. Recent Development
  • 11.2.3. Shanghai Electric
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product & Service Offering
    • 11.2.3.3. Overall Revenue
    • 11.2.3.4. Geographic Presence
    • 11.2.3.5. Recent Development
  • 11.2.4. Toshiba Corporation
    • 11.2.4.1. Business Overview
    • 11.2.4.2. Product & Service Offering
    • 11.2.4.3. Overall Revenue
    • 11.2.4.4. Geographic Presence
    • 11.2.4.5. Recent Development
  • 11.2.5. Korea Electric Power Corporation
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product & Service Offering
    • 11.2.5.3. Overall Revenue
    • 11.2.5.4. Geographic Presence
    • 11.2.5.5. Recent Development
  • 11.2.6. Larsen & Toubro Limited
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product & Service Offering
    • 11.2.6.3. Overall Revenue
    • 11.2.6.4. Geographic Presence
    • 11.2.6.5. Recent Development
  • 11.2.7. Mitsubishi Heavy Industries, LTD.
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product & Service Offering
    • 11.2.7.3. Overall Revenue
    • 11.2.7.4. Geographic Presence
    • 11.2.7.5. Recent Development
  • 11.2.8. Doosan Heavy Industries & Construction Co. Ltd.
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product & Service Offering
    • 11.2.8.3. Overall Revenue
    • 11.2.8.4. Geographic Presence
    • 11.2.8.5. Recent Development
  • 11.2.9. Dongfang Electric Co., Ltd.
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product & Service Offering
    • 11.2.9.3. Overall Revenue
    • 11.2.9.4. Geographic Presence
    • 11.2.9.5. Recent Development
  • 11.2.10. The State Atomic Energy Corporation
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product & Service Offering
    • 11.2.10.3. Overall Revenue
    • 11.2.10.4. Geographic Presence
    • 11.2.10.5. Recent Development
  • 11.2.11. BWX Technologies, Inc.
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product & Service Offering
    • 11.2.11.3. Overall Revenue
    • 11.2.11.4. Geographic Presence
    • 11.2.11.5. Recent Development
  • 11.2.12. AREVA
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product & Service Offering
    • 11.2.12.3. Overall Revenue
    • 11.2.12.4. Geographic Presence
    • 11.2.12.5. Recent Development