Nuclear Power Plant And Equipment Market Outlook Research Report, Trends, Growth and Scope By Forecast 2025 - 2032 | BWX Technologies Inc., Doosan Corporation

Global Nuclear Power Plant And Equipment Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Nuclear Power Plant And Equipment Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global nuclear power plant equipment market size was estimated at USD 20.83 billion in 2024 and is forecasted to grow at a CAGR of 3.5% from 2025 to 2032.

Updated Version of Sample Report Included:
https://www.marketdigits.com/request/sample/1839

Market Drivers:

According to projections, the global population is anticipated to increase by more than 8.5 billion in 2030 and 9.7 billion by 2050. Given the current exponential growth in the global population, it is projected that the globe would necessitate an abundance of energy twice the amount currently produced. Moreover, the increased regional manufacturing activities and improved living standards will increase energy consumption. According to the EIA, it is projected that the global electric-power generating capacity will experience a growth ranging from 50% to 100% by the year 2050. Similarly, electricity generation is estimated to expand by 30% to 76% during the same period. According to projections, renewable energy sources and nuclear power have the potential to provide up to 66% of the total global electricity supply by the year 2050.

Market Restraint:

The construction of nuclear power facilities necessitates a high initial investment. Significant financial investments are required to construct the infrastructure, acquire land, and implement safety measures. The required capital expenditure is extremely high compared to wind and solar energy generation technologies. A kilowatt-hour of coal-generated energy costs 1.88 cents to produce. In contrast, the construction and operation expenses of a fossil fuel power plant are less than those of a nuclear power plant. The construction costs of nuclear power plants in Europe and the United States range from USD 5,500 per kilowatt-hour to USD 8000 per kilowatt, or approximately USD 6 billion to USD 9 billion per 1,100 MW plant. However, solar power facilities are priced at approximately USD 2,000 per kilowatt. Therefore, the high expense is estimated to restrain the market growth.

Major Players in Nuclear Power Plant And Equipment Markets are:

BWX Technologies Inc., Doosan Corporation, Larsen & Toubro Limited, Mitsubishi Heavy Industries Ltd., General Electric Company, Shanghai Electric Group Co. Ltd., Westinghouse Electric Company LLC., Korea Electric Power Corp., Toshiba Energy Systems & Solutions Corporation (Toshiba Corporation), and others.

Industry News:

May 2023- Dominion Energy and Westinghouse Electric Company entered into a contract for the design, production, and delivery of replacement steam generators at the Surry Nuclear Power Station in Virginia, the company announced today.

May 2023- Westinghouse Electric Company introduced the AP300TM small modular reactor (SMR), its newest nuclear technology, a 300-MWe single-loop pressurized water reactor. Scaled from the advanced, proven AP1000® reactor, the AP300 SMR is the only SMR to be based on an actual, one-of-a-kind operating facility.

"Connect with our team of research specialists and unlock the optimal solution for driving your business growth"

Global Nuclear Power Plant And Equipment Market Segmentation:

By Carrier Type Outlook:
Island Equipment
Auxiliary Equipment

By Reactor Type Outlook:
Pressurized Water Reactor
Pressurized Heavy Water Reactor
Boiling Water Reactor
High-temperature Gas Cooled Reactor
Others

Know more about this report:
https://www.marketdigits.com/nuclear-power-plant-and-equipment-market-1694177145

The following areas and countries are covered in the worldwide Nuclear Power Plant And Equipment Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

Asia-Pacific's nuclear power plant equipment market share is expected to expand substantially during the forecast period. Rapid industrialization and urbanization drive up energy demand, and substantial opportunities exist to avoid long-term reliance on carbon-based energy technologies. The Asia-Pacific region accommodates more than 50% of the global population and has emerged as a significant economic entity. It is projected that energy demand in certain areas of this region will rise substantially to 80% by 2040. Further, the Indian government is prioritizing expanding its nuclear power capacity to support its extensive infrastructure-building program in the coming years.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

Discover More: Visit Our Website for Additional Reports!

https://www.marketdigits.com/needle-free-injection-system-market-1708503695

https://www.marketdigits.com/interventional-oncology-market-1708503695

https://www.marketdigits.com/patient-engagement-solutions-market-1708503695

https://www.marketdigits.com/pfas-testing-market-1708503695

https://www.marketdigits.com/dna-nanotechnology-market-1708503695

About Us

Founded in 2015, MarketDigits Consulting & Advisory Pvt Ltd is a leading business research and consulting firm. Our mission is to empower clients by identifying emerging opportunities and driving revenue growth across industries. We specialize in providing comprehensive market insights, advanced technology solutions, and actionable strategies that support operational and strategic decision-making.

With a focus on the full value chain, our expert team delivers high-quality syndicate research reports, proprietary databases, and consulting services to help clients navigate today's competitive and dynamic business environment. At MarketDigits, we use advanced analysis to uncover profitable opportunities, enabling businesses to make smart decisions and achieve sustainable success.

Contact Us:

+1 510-730-3200 | +1 276-206-2055

sales@marketdigits.com

1248 CarMia Way Richmond

VA 23235, United States

This release was published on openPR.