Increasing Demand For Electricity Driving The Growth Of The Nuclear Electricity Market: Critical Driver Shaping the Nuclear Electricity Market in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Nuclear Electricity Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The growth of the nuclear electricity market has been consistent in recent years, expected to rise from $270.08 billion in 2024 to $281.57 billion in 2025. This will correspond with a compound annual growth rate (CAGR) of 4.3%. The historic growth is a result of factors such as reduced carbon emissions, energy stability, government backing, and longevity.

Nuclear Electricity Market Size Forecast: What's the Projected Valuation by 2029?
In the forthcoming years, a steady increase is predicted in the size of the nuclear electricity market, with it set to reach $328.08 billion in 2029, signifying a compound annual growth rate (CAGR) of 3.9%. Climate change mitigation, evolving energy landscape, aging nuclear fleet, and public acceptance are factors contributing to growth during the projected period. Some key trends observed during the forecast period encompass international collaboration, advancements in technology, development of nuclear innovation hubs, focus on green financing and ESG, integration with the grid, and enhanced reactor designs.

View the full report here:
https://www.thebusinessresearchcompany.com/report/nuclear-electricity-global-market-report

What Are the Drivers Transforming the Nuclear Electricity Market?
Anticipated expansion in electricity requirements is predicted to significantly influence the growth of the nuclear power production market in the projected duration. This is primarily due to expanding economies and increasing populations in developing nations such as China, India, Brazil, and certain African countries. For instance, in March 2023, the Indian Express, an Indian e-newspaper, reported that power demand in India had surged by 8% in 2022, nearly doubling the growth pace in the Asia Pacific region, equating to over 149.7 terawatt-hours. Furthermore, during the first couple of months in 2023, there was a 10% increase in demand compared to the prior year. Industrial and commercial sectors constitute more than half of India's annual energy consumption, households account for a quarter, and agriculture represents more than one-sixth in recent times. As a result, increasing electricity requirements are propelling the growth of the nuclear electricity market moving forward.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3861&type=smp

What Long-Term Trends Will Define the Future of the Nuclear Electricity Market?
Leading companies in the nuclear electricity market are channeling their investments into nuclear innovation organizations like TerraPower to improve their market competitiveness. They are focusing particularly on TerraPower's pioneering technology, Natrium, which amalgamates a sodium fast reactor with a cost-effective molten-salt-based energy storage system. For instance, in November 2022, ArcelorMittal, a top steel and mining firm from Luxembourg, poured $25 million into the innovative nuclear power enterprise, TerraPower. Based in the US, TerraPower excels in designing and developing nuclear reactors. By combining an affordable sodium fast reactor with a molten salt energy storage system through their leading-edge technology, Natrium, they deliver clean, adjustable energy that perfectly complements grids powered by renewable sources.

Which Segments in the Nuclear Electricity Market Offer the Most Profit Potential?
The nuclear electricity market covered in this report is segmented -

1) By Reactor Type: Pressurized Water Reactors (PWR), Fast Breeder Reactor (FBR), Pressurized Heavy-Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas-Cooled Reactor (GCR)
2) By Technology: Generation I, Generation II, Generation III, and Generation IV
3) By End-User: Residential, Commercial, Industrial

Subsegments:
1) By Pressurized Water Reactors (PWR): Small Modular PWRs, Conventional Large PWRs
2) By Fast Breeder Reactor (FBR): Sodium-Cooled FBR, Lead-Cooled FBR, Gas-Cooled FBR
3) By Pressurized Heavy-Water Reactor (PHWR): Advanced PHWRs, Conventional PHWRs
4) By Boiling Water Reactor (BWR): Advanced BWR (ABWR), Economic Simplified BWR (ESBWR)
5) By Light Water Graphite Reactor (LWGR): RBMK (Reaktor Bolshoy Moshchnosti Kanalny), EGP (Experimental Graphite Reactors)
6) By Gas-Cooled Reactor (GCR): Magnox Reactors, Advanced Gas-Cooled Reactors (AGR)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3861&type=smp

Which Firms Dominate the Nuclear Electricity Market by Market Share and Revenue in 2025?
Major companies operating in the nuclear electricity market include Électricité de France S.A., Exelon Corporation, Duke Energy Corporation, Enel SpA, NextEra Energy Inc., State Atomic Energy Corporation Rosatom, Korea Electric Power Corporation, Constellation Energy Group Inc., China General Nuclear Power Corporation, Enel Green Power S.p.A., General Electric Company, Hitachi Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Westinghouse Electric Company LLC, Areva SA, China National Nuclear Corporation, China National Nuclear Power Co. Ltd., Dominion Energy Inc., Southern Company, Bruce Power LP, Korea Hydro & Nuclear Power Co. Ltd., Rosenergoatom Concern JSC, TVEL Fuel Company, Urenco Limited

Which Regions Offer the Highest Growth Potential in the Nuclear Electricity Market?
Asia-Pacific was the largest region in the nuclear electricity market in 2023. Western Europe was the second-largest region in the nuclear electricity market. The regions covered in the nuclear electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3861

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.