원자력 발전기 및 모터 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the nuclear generators and Motors Market size is projected to expand from USD 1.37 billion in 2025 and USD 1.42 billion in 2026 to USD 1.59 billion by 2031, registering a CAGR of 2.24% between 2026 and 2031.

Global Nuclear Generators and Motors Market Trends and Insights

Nuclear New-Build and Reactor Life-Extension Programs

Nuclear construction has reached its strongest level in 3 decades. Ten reactor construction starts took place in 2025, including 9 in China and 1 in Russia, adding 12.2 GW to the global pipeline. The OECD Nuclear Energy Agency reported 70 GWe under construction worldwide, with non-OECD countries accounting for nearly 80% of this capacity. Each large reactor requires a turbine-generator train and multiple safety-critical induction motors. This construction base supports new equipment orders across the nuclear generators and motors market. France's fourth periodic safety review program also requires turbine-island upgrades for 1,300 MW reactors through 2040.

The value of construction activity does not always follow the same geography as reactor starts. Chinese and South Korean developers lead many new projects, while licensed designs can still create supply roles for European and North American equipment makers. Large turbine-generator contracts are awarded well before commissioning, which helps suppliers plan capacity and engineering resources. Life-extension work adds a separate stream of plant-specific orders that is less dependent on new-site approvals. These programs often cover rotating equipment, auxiliary systems, and qualification work at the same time. The nuclear generators and motors market benefits when utilities combine safety upgrades with longer operating licenses.

Replacement of Aging Turbine-Generator and Class 1E Motor Fleets

Much of the Western nuclear fleet was built from 1970 to 1990, leaving major rotating assets near or beyond their original design lives. ASNR approved operation beyond 40 years for France's 20 reactors in the 1,300 MW series during July 2025. Jeumont Electric completed the replacement of a 1,300 MW alternator rotor at EDF's Golfech plant in September 2025. This work shows how fleet maintenance programs convert into high-value refurbishment and replacement orders. IEEE 334-2024 requires Class 1E equipment to demonstrate performance over its installed service life. The standard supports demand for requalification, documented replacement, and new motor supply.

Legacy documentation has substantial commercial value in safety-critical motor applications. A supplier that retains design files can offer a like-for-like replacement without starting a full qualification program. Utilities must avoid unqualified substitutes because nuclear regulators require formal evidence before safety equipment can be installed. This makes aftermarket competition narrower than in general industrial motor sales. Replacement spending can be scheduled during planned outages, which gives operators time to align equipment work with wider modernization programs. The nuclear generators and motors market is thus supported by a recurring replacement cycle alongside new reactor investment.

Nuclear-Grade Forging, Insulation and Testing Bottlenecks

Nuclear-grade component supply depends on specialized forging, machining, welding, testing, and inspection capacity. The Nuclear Scaling Initiative identified machining, welding, finishing, and non-destructive examination as important supply-chain constraints because they require qualified facilities and skilled labor. Class 1E applications also use insulation systems that require specific qualification records. The U.S. Department of Energy announced USD 17.5 billion in conditional loans during June 2026 to support long-lead procurement for 10 AP1000 reactors. The program recognizes that finance cannot immediately create qualified manufacturing throughput. Long lead items can delay generator and motor procurement even after a project receives financial backing.

Nuclear quality rules make material substitution difficult after an order has been placed. A change in a qualified material, process, or component can require formal review and additional documentation. Utilities, therefore, reserve manufacturing slots early when construction schedules are firm. This practice increases the advantage of suppliers with established quality systems and available capacity. It also places smaller suppliers under pressure when they need to add nuclear-specific testing or inspection capability. The nuclear generators and motors market remains exposed to these limits because large equipment depends on several tightly controlled supply stages.

Other drivers and restraints analyzed in the detailed report include:

1. SMR and Advanced-Reactor Deployment Pipeline
2. Nuclear-Powered Data Center and Industrial Load Strategies
3. Nuclear Licensing, Qualification and Procurement Complexity

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Generators held 93.8% of the nuclear generators and motors market share in 2025 and are expected to grow at a 2.4% CAGR through 2031. The segment leads because every commercial reactor needs a turbine-generator train whose value substantially exceeds that of the plant's motor contingent, and because operators need specialist services throughout its operating life. Replacement sets for 1,000 MW-class reactors can involve assemblies above 2,000 tonnes and reaching 65 meters in length, while the related project work includes installation planning, testing, and long-term service support. New-build awards, stator-bar rewinding, rotor refurbishment, and digital excitation upgrades support generator revenue, with each activity tied to an operating plant's maintenance schedule and safety requirements. SMR generator sets rated from 125 MW to 345 MW require design approaches that differ from conventional large-reactor equipment, and Siemens Energy's selected SGen-100A unit for Oklo's Aurora project illustrates this developing requirement.

Squirrel cage induction motors accounted for the remaining 6.2% of revenue in 2025, a smaller value base that remains important because these motors serve plant safety systems. They operate main coolant pumps, feed-water systems, and emergency core cooling equipment, so replacement decisions require evidence that the proposed unit will perform under the applicable nuclear conditions. IEEE 334-2024 has increased the importance of records demonstrating continued performance over installed service life, which makes technical documentation a core part of the purchase decision. Harbin Electric has qualifications across Hualong One, Guohe One, and CAP1400 main coolant pump motor designs in China, while Jeumont Electric remains a reference supplier for reactor coolant pump motors in French and Korean fleets. National qualification regimes consequently limit cross-border competition even when several suppliers can meet similar technical specifications.

Complete Report Scope:

• By Equipment
  • Squirrel Cage Induction Motors
  • Generators
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Poland
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Egypt
    • South Africa
    • Morocco
    • Rest of Middle East and Africa

Geography Analysis

Europe held 42.1% of the nuclear generators and motors market share in 2025, giving the region the largest revenue position. France's large installed fleet and its continuing life-extension work support a long stream of turbine refurbishment, alternator work, and motor replacement. ASNR's July 2025 decision covered 20 French reactors in the 1,300 MW series beyond 40 years of operation, beginning fourth periodic safety reviews that require work on turbine islands and safety equipment. These reviews spread procurement over individual plant outages, which supports a stable aftermarket rather than a single concentrated order cycle. Hungary began construction at Paks II Unit 1 during February 2026, while Rolls-Royce SMR signed early works for a Czech project during April 2026, adding new conventional-island opportunities to the regional service base.

Asia-Pacific is forecast to grow at a 3.5% CAGR through 2031, making it the fastest-growing region in the nuclear generators and motors market. China has the world's most concentrated reactor construction program, and its local reactor designs sustain demand for generators, reactor coolant pump motors, and supporting rotating equipment. The U.S. Energy Information Administration reported that China's nuclear capacity had nearly doubled since 2016, showing the scale of the country's long-term buildout. Domestic companies benefit from local qualification routes and established links to Chinese reactor designs, with Harbin Electric completing delivery of main coolant pump motors for the Guohe One demonstration project in 2025. India's Kaiga 5 and 6 program adds procurement depth, while Japan's reactor restarts and recovering nuclear business provide a separate demand base for equipment and services.

North America, South America, the Middle East, and Africa represented the remaining global revenue base. The U.S. Department of Energy's USD 17.5 billion conditional loan commitment supports early long-lead planning for AP1000 projects, and Canada's BWRX-300 construction start has activated engineering and procurement work. Egypt's Dabaa project is the most significant near-term opportunity in the Middle East and Africa, whereas Brazil's Angra 3 and Argentina's CAREM project offer more limited regional activity during the forecast period. International safety requirements and bilateral cooperation arrangements determine which suppliers can access these project markets and can extend the qualification barriers seen elsewhere.

1. Ansaldo Energia S.p.A.
2. Bharat Heavy Electricals Limited
3. BWX Technologies, Inc.
4. Dongfang Electric Corporation Limited
5. Doosan Enerbility Co., Ltd.
6. ELIN Motoren GmbH
7. Framatome
8. GE Vernova Inc.
9. Harbin Electric Company Limited
10. Hitachi GE Vernova Nuclear Energy, Ltd.
11. Jeumont Electric SAS
12. Larsen & Toubro Limited
13. Mitsubishi Heavy Industries, Ltd.
14. NIDEC CORPORATION
15. Public Joint-Stock Company "Power Machines"
16. Shanghai Electric Group Company Limited
17. Siemens Energy AG
18. The Babcock & Wilcox Company
19. Toshiba Corporation
20. Westinghouse Electric Company LLC

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Nuclear New-Build and Reactor Life-Extension Programs
  • 4.2.2 Grid Reliability and Low-Carbon Baseload Requirements
  • 4.2.3 SMR and Advanced-Reactor Deployment Pipeline
  • 4.2.4 Replacement of Aging Turbine-Generator and Class 1E Motor Fleets
  • 4.2.5 Nuclear-Powered Data-Centre and Industrial Load Strategies
  • 4.2.6 Standardized, Factory-Manufactured Nuclear Equipment
• 4.3 Market Restraints
  • 4.3.1 High Capital Intensity and Long Project Lead Times
  • 4.3.2 Nuclear Licensing, Qualification and Procurement Complexity
  • 4.3.3 Nuclear-Grade Forging, Insulation and Testing Bottlenecks
  • 4.3.4 Obsolescence of Qualification Records for Aging Motors and Generators
• 4.4 Supply-Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry
• 4.6 Technology Outlook
• 4.7 Regulatory Landscape
• 4.8 Investment Analysis

5 MARKET SIZE AND GROWTH FORECASTS

• 5.1 By Equipment
  • 5.1.1 Squirrel Cage Induction Motors
  • 5.1.2 Generators
• 5.2 By Geography
  • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
  • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 France
    • 5.2.2.3 Italy
    • 5.2.2.4 Spain
    • 5.2.2.5 United Kingdom
    • 5.2.2.6 Poland
    • 5.2.2.7 Russia
    • 5.2.2.8 Rest of Europe
  • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Australia
    • 5.2.3.6 Indonesia
    • 5.2.3.7 Vietnam
    • 5.2.3.8 Thailand
    • 5.2.3.9 Rest of Asia-Pacific
  • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Chile
    • 5.2.4.4 Rest of South America
  • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 Egypt
    • 5.2.5.4 South Africa
    • 5.2.5.5 Morocco
    • 5.2.5.6 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Products and Services, Recent Developments)
  • 6.4.1 Ansaldo Energia S.p.A.
  • 6.4.2 Bharat Heavy Electricals Limited
  • 6.4.3 BWX Technologies, Inc.
  • 6.4.4 Dongfang Electric Corporation Limited
  • 6.4.5 Doosan Enerbility Co., Ltd.
  • 6.4.6 ELIN Motoren GmbH
  • 6.4.7 Framatome
  • 6.4.8 GE Vernova Inc.
  • 6.4.9 Harbin Electric Company Limited
  • 6.4.10 Hitachi GE Vernova Nuclear Energy, Ltd.
  • 6.4.11 Jeumont Electric SAS
  • 6.4.12 Larsen & Toubro Limited
  • 6.4.13 Mitsubishi Heavy Industries, Ltd.
  • 6.4.14 NIDEC CORPORATION
  • 6.4.15 Public Joint-Stock Company "Power Machines"
  • 6.4.16 Shanghai Electric Group Company Limited
  • 6.4.17 Siemens Energy AG
  • 6.4.18 The Babcock & Wilcox Company
  • 6.4.19 Toshiba Corporation
  • 6.4.20 Westinghouse Electric Company LLC

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment