Nuclear Energy Market Size, Share, Growth Analysis, By Type(Nuclear Fission, Nuclear Fusion, and Nuclear Decay), By Application(Electricity Generation, Industrial Process Heat, Research and Development and Desalination), By Region - Industry Forecast 2024-2031

Report ID: SQMIG55A2028 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Nuclear Energy Market Regional Insights

The world's largest nuclear energy market was in the Asia-Pacific area. China, which has been making substantial investments in the growth of its nuclear power capacity, and served as the market leader. The development of new nuclear power plants and China's lofty nuclear energy deployment plans helped the country take the lead in the industry.

In the European continent, France was a notable leader, ranked the second-largest nuclear energy market. France has a long history of using nuclear energy heavily, with a sizable amount of its power coming from nuclear reactors. France became an important participant in the global nuclear energy scene as a result of its persistent usage of nuclear energy in its mix of power generation.

Nuclear Energy Market Report Snapshots

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Nuclear Energy Market size was valued at USD 84.81 billion in 2022 and is poised to grow from USD 87.18 billion in 2023 to USD 108.74 billion by 2031, growing at a CAGR of 2.8% in the forecast period (2024-2031).

The competitive landscape of the nuclear energy market is characterized by a mix of players, regional utilities, and government entities. Established industry leaders like EDF (Électricité de France), Exelon Corporation, Rosatom, and E.ON SE dominate the market due to their extensive experience, operational expertise, and large nuclear power plant portfolios. These companies have a significant presence across multiple regions and are often at the forefront of advancing nuclear technology and safety standards. 'EDF (Electricité de France)', 'Exelon Corporation', 'Rosatom', 'E.ON SE', 'Tokyo Electric Power Company Holdings (TEPCO)', 'Dominion Energy', 'Southern Company', 'China National Nuclear Corporation (CNNC)', 'Korea Electric Power Corporation (KEPCO)', 'Nuclear Energy Corporation of South Africa (NECSA)', 'Ontario Power Generation', 'Electric Power Development Co., Ltd. (J-Power)', 'Nucleoeléctrica Argentina S.A. (NA-SA)', 'Engie', 'Vattenfall AB', 'Areva Group', 'Fortum Corporation', 'TVO (Teollisuuden Voima Oyj)', 'Kansai Electric Power Co., Inc.', 'Duke Energy Corporation'

Since nuclear energy produces a minimal carbon footprint, it stays in line with the recent guidelines to lower greenhouse gas emissions to win the fight against climate change. Nuclear power is the answer when businesses look for a reliable and green replacement for fossil fuel energy sources.

Growing Interest in Carbon-Free Energy: The growing focus on reducing carbon emissions and inhibiting climate change is driving the interest in nuclear energy as a source of reliable and low-carbon energy. As industries shift to more sustainable energy systems, the nuclear power sector provides a helpful alternative because it can produce large amounts of uninterrupted electricity while refraining from emitting greenhouse gasses.

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Nuclear Energy Market Size, Share, Growth Analysis, By Type(Nuclear Fission, Nuclear Fusion, and Nuclear Decay), By Application(Electricity Generation, Industrial Process Heat, Research and Development and Desalination), By Region - Industry Forecast 2024-2031

Nuclear Energy Market Regional Insights

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