원자력 시장 예측(-2034년) : 원자로 유형, 연료 유형, 기술 세대, 용량, 배포 유형, 용도, 최종사용자, 발전소 수명주기, 컴포넌트, 지역별 세계 분석

According to Stratistics MRC, the Global Nuclear Power Market is accounted for $41.9 billion in 2026 and is expected to reach $56.0 billion by 2034 growing at a CAGR of 3.7% during the forecast period. Nuclear power is a low-carbon energy source generated through nuclear fission reactions that produce heat, which is converted into electricity. The market encompasses various fuel types including uranium fuel, mixed oxide (MOX) fuel, thorium fuel, TRISO fuel, HALEU fuel, and other advanced fuel options, serving reactor technologies across Generation II, Generation III, Generation III+, and Generation IV reactors. Growing global energy demand, increasing focus on decarbonization and reducing greenhouse gas emissions, energy security concerns, and technological advancements in reactor design are key drivers of market expansion across all regions.

Market Dynamics:

Driver:

Growing global energy demand and decarbonization goals

The increasing global energy demand coupled with ambitious decarbonization targets is a primary driver for the nuclear power market. Nuclear power provides reliable, low-carbon baseload electricity generation, complementing intermittent renewable sources including solar and wind. Many countries are including nuclear power in their clean energy strategies to meet climate goals and reduce greenhouse gas emissions. The need for energy security and independence from fossil fuel imports is driving nuclear power investment. As countries seek to balance growing electricity demand with emissions reduction commitments, nuclear power offers a proven, scalable solution for clean energy generation.

Restraint:

High capital costs and long construction timelines

The significant capital investment required for nuclear power plants and extended construction periods represent a major restraint for the nuclear power market. Nuclear plants require billions in upfront investment with construction timelines spanning years. Financing costs during construction add substantially to total project costs. Cost overruns and schedule delays have affected many recent projects, creating financial risk. Limited availability of specialized construction expertise and components affects project feasibility. These cost and timeline challenges may limit nuclear power expansion, particularly in countries with constrained capital availability or investor caution.

Opportunity:

Advancements in small modular reactor technology

The development of small modular reactors (SMRs) presents significant opportunities for nuclear power market expansion. SMRs offer lower upfront capital costs, shorter construction timelines, and factory fabrication capabilities compared to large reactors. SMRs can be deployed in smaller grids and remote locations, expanding nuclear power accessibility. Standardized designs and modular construction reduce project risk. Growing investor interest and government support for SMR development are accelerating technology commercialization. As SMRs gain regulatory approval and enter commercial service, new nuclear power applications and expanded market reach capture growing share.

Threat:

Competition from low-cost renewables and energy storage

The dramatic cost reductions in renewable energy technologies and advancing energy storage solutions pose significant threats to nuclear power market growth. Solar and wind energy have become cost-competitive with conventional generation in many markets. Battery storage is improving capacity and cost, addressing intermittency challenges. The rapid deployment speed of renewable projects offers advantages over long nuclear construction timelines. Policy support may shift toward lower-cost renewable solutions. This competition may limit nuclear power investment, particularly in markets with abundant renewable resources and favorable storage economics.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the nuclear power market. Nuclear plants continued operations as essential infrastructure during lockdowns. Construction projects experienced delays due to workforce restrictions, supply chain interruptions, and logistics challenges. New project planning and investment decisions were affected by economic uncertainty. However, the pandemic reinforced focus on clean energy and energy security, with nuclear power included in some government recovery packages. Post-pandemic, nuclear power remains part of decarbonization strategies, with continued project development and SMR technology advancement.

The Uranium Fuel segment is expected to be the largest during the forecast period

The Uranium Fuel segment is expected to account for the largest market share during the forecast period, driven by its position as the established, dominant fuel type for commercial nuclear power reactors globally. Uranium fuel is used in the vast majority of operating nuclear reactors worldwide, with well-established mining, enrichment, and fuel fabrication supply chains. The segment benefits from mature infrastructure, regulatory frameworks, and operational experience accumulated over decades. Extended reactor life programs and new reactor construction require uranium fuel for initial loading and ongoing operations. With the existing reactor fleet and near-term new builds predominantly using uranium fuel, this segment maintains the largest market share.

The Generation IV Reactors segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the Generation IV Reactors segment is predicted to witness the highest growth rate, fueled by ongoing research, development, and demonstration projects for advanced reactor technologies offering enhanced safety, efficiency, and sustainability. Generation IV reactors include designs with advanced fuel cycles, improved resource utilization, and reduced waste generation compared to current reactors. Several countries are investing in Generation IV demonstration projects and research programs. The segment benefits from growing interest in advanced nuclear technologies to support long-term clean energy and non-power applications. As demonstration projects advance toward commercialization, Generation IV reactors emerge as the fastest-growing technology segment.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, supported by an established nuclear power fleet, continued plant operations, and ongoing license renewals and uprates. The United States operates the largest nuclear power fleet globally, with significant generation capacity. Canada maintains a substantial nuclear power presence with ongoing reactor refurbishment programs. Government support for advanced reactor development and SMR commercialization is strengthening. With a large existing fleet and continued operating investment, North America maintains its dominant market position.

Region with highest CAGR:

Over the forecast period, the Asia-Pacific region is anticipated to exhibit the highest CAGR, driven by rapid energy demand growth, aggressive nuclear power expansion programs, and government commitments to clean energy in countries including China, India, and South Korea. China is undertaking the largest nuclear power expansion program globally, with many reactors under construction. India has significant nuclear power development plans with domestic and international technology partnerships. Growing energy requirements create substantial demand for clean, reliable baseload power. As nuclear power capacity expands, Asia Pacific delivers the fastest market growth globally.

Key players in the market

Some of the key players in Nuclear Power Market include EDF Group, Westinghouse Electric Company LLC, Framatome, GE Vernova, Korea Hydro & Nuclear Power Co., Ltd., Korea Electric Power Corporation (KEPCO), Rosatom State Atomic Energy Corporation, China National Nuclear Corporation (CNNC), China General Nuclear Power Corporation (CGN), Mitsubishi Heavy Industries, Ltd., Hitachi, Ltd., BWX Technologies, Inc., Rolls-Royce SMR Limited, NuScale Power Corporation, TerraPower, LLC, X-energy, LLC, Holtec International, and Orano SA.

Key Developments:

In July 2026, the UK Government granted a 20-year lifetime extension to EDF's Sizewell B nuclear power station in Suffolk, ensuring the plant continues operating through 2055 under a guaranteed strike price framework to support Britain's growing low-carbon power needs.

In June 2026, GE Vernova Hitachi Nuclear Energy and Canadian manufacturer Velan expanded their strategic partnership to supply specialized isolation valves for European BWRX-300 small modular reactor (SMR) deployments, leveraging manufacturing experience gained at Ontario Power Generation's Darlington site.

In May 2026, NuScale Power and its global strategic partner ENTRA1 Energy reported advancing deployment frameworks with the Tennessee Valley Authority (TVA) to supply Small Modular Reactors for regional power needs.

In October 2025, Westinghouse Electric Company, alongside Brookfield Asset Management and Cameco, entered into an historic $80 billion strategic partnership with the U.S. Government to construct large-scale AP1000 and AP300 nuclear reactors, designed to supply power for artificial intelligence data centers and industrial electrification.

Reactor Types Covered:

• Pressurized Water Reactor (PWR)
• Boiling Water Reactor (BWR)
• Pressurized Heavy Water Reactor (PHWR)
• Gas-Cooled Reactor (GCR)
• Fast Neutron Reactor (FNR)
• Molten Salt Reactor (MSR)
• High-Temperature Gas-Cooled Reactor (HTGR)
• Small Modular Reactor (SMR)
• Microreactor

Fuel Types Covered:

• Uranium Fuel
• Mixed Oxide (MOX) Fuel
• Thorium Fuel
• TRISO Fuel
• HALEU Fuel (High-Assay Low-Enriched Uranium)
• Other Fuel Types

Technology Generations Covered:

• Generation II Reactors
• Generation III Reactors
• Generation III+ Reactors
• Generation IV Reactors

Capacities Covered:

• Up to 300 MW
• 301 MW-700 MW
• 701 MW-1,000 MW
• Above 1,000 MW

Deployment Types Covered:

• Large Nuclear Power Plants
• Small Modular Reactors (SMRs)
• Microreactors

Applications Covered:

• Electricity Generation
• District Heating
• Industrial Process Heat
• Desalination
• Hydrogen Production
• Marine Propulsion
• Research and Isotope Production

End Users Covered:

• Utility Companies
• Government and Public Sector
• Industrial Facilities
• Research Institutions
• Defense and Naval Applications

Plant Lifecycles Covered:

• New Build Projects
• Operational Plants
• Life Extension and Modernization
• Decommissioning Projects

Components Covered:

• Nuclear Island Equipment
• Turbine Island Equipment
• Instrumentation and Control Systems
• Safety Systems
• Fuel Handling Systems
• Cooling Systems
• Waste Management Systems
• Other Components

Regions Covered:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Sweden
  • Switzerland
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of South America
• Rest of the World (RoW)
  • Middle East
• Saudi Arabia
• United Arab Emirates
• Qatar
• Israel
• Rest of Middle East
  • Africa
• South Africa
• Egypt
• Morocco
• Rest of Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

• 1.1 Market Snapshot and Key Highlights
• 1.2 Growth Drivers, Challenges, and Opportunities
• 1.3 Competitive Landscape Overview
• 1.4 Strategic Insights and Recommendations

2 Research Framework

• 2.1 Study Objectives and Scope
• 2.2 Stakeholder Analysis
• 2.3 Research Assumptions and Limitations
• 2.4 Research Methodology
  • 2.4.1 Data Collection (Primary and Secondary)
  • 2.4.2 Data Modeling and Estimation Techniques
  • 2.4.3 Data Validation and Triangulation
  • 2.4.4 Analytical and Forecasting Approach

3 Market Dynamics and Trend Analysis

• 3.1 Market Definition and Structure
• 3.2 Key Market Drivers
• 3.3 Market Restraints and Challenges
• 3.4 Growth Opportunities and Investment Hotspots
• 3.5 Industry Threats and Risk Assessment
• 3.6 Technology and Innovation Landscape
• 3.7 Emerging and High-Growth Markets
• 3.8 Regulatory and Policy Environment
• 3.9 Impact of COVID-19 and Recovery Outlook

4 Competitive and Strategic Assessment

• 4.1 Porter's Five Forces Analysis
  • 4.1.1 Supplier Bargaining Power
  • 4.1.2 Buyer Bargaining Power
  • 4.1.3 Threat of Substitutes
  • 4.1.4 Threat of New Entrants
  • 4.1.5 Competitive Rivalry
• 4.2 Market Share Analysis of Key Players
• 4.3 Product Benchmarking and Performance Comparison

5 Global Nuclear Power Market, By Reactor Type

• 5.1 Pressurized Water Reactor (PWR)
• 5.2 Boiling Water Reactor (BWR)
• 5.3 Pressurized Heavy Water Reactor (PHWR)
• 5.4 Gas-Cooled Reactor (GCR)
• 5.5 Fast Neutron Reactor (FNR)
• 5.6 Molten Salt Reactor (MSR)
• 5.7 High-Temperature Gas-Cooled Reactor (HTGR)
• 5.8 Small Modular Reactor (SMR)
• 5.9 Microreactor

6 Global Nuclear Power Market, By Fuel Type

• 6.1 Uranium Fuel
• 6.2 Mixed Oxide (MOX) Fuel
• 6.3 Thorium Fuel
• 6.4 TRISO Fuel
• 6.5 HALEU Fuel (High-Assay Low-Enriched Uranium)
• 6.6 Other Fuel Types

7 Global Nuclear Power Market, By Technology Generation

• 7.1 Generation II Reactors
• 7.2 Generation III Reactors
• 7.3 Generation III+ Reactors
• 7.4 Generation IV Reactors

8 Global Nuclear Power Market, By Capacity

• 8.1 Up to 300 MW
• 8.2 301 MW-700 MW
• 8.3 701 MW-1,000 MW
• 8.4 Above 1,000 MW

9 Global Nuclear Power Market, By Deployment Type

• 9.1 Large Nuclear Power Plants
• 9.2 Small Modular Reactors (SMRs)
• 9.3 Microreactors

10 Global Nuclear Power Market, By Application

• 10.1 Electricity Generation
• 10.2 District Heating
• 10.3 Industrial Process Heat
• 10.4 Desalination
• 10.5 Hydrogen Production
• 10.6 Marine Propulsion
• 10.7 Research and Isotope Production

11 Global Nuclear Power Market, By End User

• 11.1 Utility Companies
• 11.2 Government and Public Sector
• 11.3 Industrial Facilities
• 11.4 Research Institutions
• 11.5 Defense and Naval Applications

12 Global Nuclear Power Market, By Plant Lifecycle

• 12.1 New Build Projects
• 12.2 Operational Plants
• 12.3 Life Extension and Modernization
• 12.4 Decommissioning Projects

13 Global Nuclear Power Market, By Component

• 13.1 Nuclear Island Equipment
  • 13.1.1 Reactor Pressure Vessel
  • 13.1.2 Steam Generator
  • 13.1.3 Reactor Coolant Pump
  • 13.1.4 Pressurizer
• 13.2 Turbine Island Equipment
  • 13.2.1 Steam Turbine
  • 13.2.2 Generator
  • 13.2.3 Condenser
• 13.3 Instrumentation and Control Systems
• 13.4 Safety Systems
• 13.5 Fuel Handling Systems
• 13.6 Cooling Systems
• 13.7 Waste Management Systems
• 13.8 Other Components

14 Global Nuclear Power Market, By Geography

• 14.1 North America
  • 14.1.1 United States
  • 14.1.2 Canada
  • 14.1.3 Mexico
• 14.2 Europe
  • 14.2.1 United Kingdom
  • 14.2.2 Germany
  • 14.2.3 France
  • 14.2.4 Italy
  • 14.2.5 Spain
  • 14.2.6 Netherlands
  • 14.2.7 Belgium
  • 14.2.8 Sweden
  • 14.2.9 Switzerland
  • 14.2.10 Poland
  • 14.2.11 Rest of Europe
• 14.3 Asia Pacific
  • 14.3.1 China
  • 14.3.2 Japan
  • 14.3.3 India
  • 14.3.4 South Korea
  • 14.3.5 Australia
  • 14.3.6 Indonesia
  • 14.3.7 Thailand
  • 14.3.8 Malaysia
  • 14.3.9 Singapore
  • 14.3.10 Vietnam
  • 14.3.11 Rest of Asia Pacific
• 14.4 South America
  • 14.4.1 Brazil
  • 14.4.2 Argentina
  • 14.4.3 Colombia
  • 14.4.4 Chile
  • 14.4.5 Peru
  • 14.4.6 Rest of South America
• 14.5 Rest of the World (RoW)
  • 14.5.1 Middle East
    • 14.5.1.1 Saudi Arabia
    • 14.5.1.2 United Arab Emirates
    • 14.5.1.3 Qatar
    • 14.5.1.4 Israel
    • 14.5.1.5 Rest of Middle East
  • 14.5.2 Africa
    • 14.5.2.1 South Africa
    • 14.5.2.2 Egypt
    • 14.5.2.3 Morocco
    • 14.5.2.4 Rest of Africa

15 Strategic Market Intelligence

• 15.1 Industry Value Network and Supply Chain Assessment
• 15.2 White-Space and Opportunity Mapping
• 15.3 Technology Roadmap and Reactor Evolution Analysis
• 15.4 Fuel Cycle and Nuclear Ecosystem Assessment

16 Industry Developments and Strategic Initiatives

• 16.1 Mergers and Acquisitions
• 16.2 Partnerships, Alliances, and Joint Ventures
• 16.3 New Reactor Launches and Demonstration Projects
• 16.4 Capacity Expansion and Investments
• 16.5 Government Programs and Other Strategic Initiatives

17 Company Profiles

• 17.1 EDF Group
• 17.2 Westinghouse Electric Company LLC
• 17.3 Framatome
• 17.4 GE Vernova
• 17.5 Korea Hydro & Nuclear Power Co., Ltd.
• 17.6 Korea Electric Power Corporation (KEPCO)
• 17.7 Rosatom State Atomic Energy Corporation
• 17.8 China National Nuclear Corporation (CNNC)
• 17.9 China General Nuclear Power Corporation (CGN)
• 17.10 Mitsubishi Heavy Industries, Ltd.
• 17.11 Hitachi, Ltd.
• 17.12 BWX Technologies, Inc.
• 17.13 Rolls-Royce SMR Limited
• 17.14 NuScale Power Corporation
• 17.15 TerraPower, LLC
• 17.16 X-energy, LLC
• 17.17 Holtec International
• 17.18 Orano SA