Nuclear Power Market Size, Segmentation, Major Trends and Key Country Analysis to 2035

1 Executive Summary

1.1 Global Nuclear Capacity Grew by

1.8% in 2024, Reaching 395GW

1.2 Nuclear Power Will Play a Key Role in Meeting Electricity Demand from Data Centers and AI

1.3 The US, France, and China Remain at the Forefront of Nuclear Power Generation

1.4 Emerging Players in Nuclear Energy are Accelerating Their Plans

1.5 Nuclear-Powered Hydrogen Production is Gaining Momentum Worldwide

1.6 Global Financial Institutions are Strengthening Their Commitment to Nuclear Power

1.7 Future of Nuclear Energy Looks Promising With 100 Reactors in Development

2 Introduction

2.1 Nuclear Power Overview

Key Components of Nuclear Power Generation:

Advantages of Nuclear Power:

Nuclear Waste and Its Disposal

3 Nuclear Power Market, Global

3.1 Overview

3.2 Russia-Ukraine War and Its Impact

Ukraine’s Nuclear Infrastructure and Security Risks

Europe’s Shift Away from Russian Nuclear Dependencies

Impact on Asia

North America’s Response

Middle East and Africa

3.3 Nuclear Power Market, Global, Capacity and Generation

Cumulative capacity share by region for 2024:

Annual generation share by region for 2024:

3.4 Deal Analysis

Mergers and Acquisitions

Deals in 2024

3.5 Nuclear Power Market, Global, Market Forces Analysis

Drivers

Restraints

3.6 Small Modular Reactors

Working of SMRs:

History and Development of SMRs

Advantages of SMRs

Global SMRs Project Status

Key Countries Leading SMR Deployment

3.7 Age of Reactors in Advanced Economies

3.8 Nuclear Power Market, Global, Company Profiles

Electricite de France SA

Mitsubishi Corp

State Atomic Energy Corporation Rosatom

Westinghouse Electric Co LLC

China National Nuclear Corp

GE-Hitachi Nuclear Energy Inc

Framatome SAS

Korea Hydro & Nuclear Power Co Ltd

Toshiba Energy Systems and Solutions Corp

BWX Technologies Inc

4 Nuclear Power Market, United States

4.1 Overview

Modern Developments

Revitalizing Existing Infrastructure

Advancing New Technologies

Policy and Regulatory Improvements

Workforce and Supply Chain Initiatives

4.2 Russia-Ukraine War and Its Impact

Reducing Dependence on Russian Uranium

Accelerating Domestic Fuel Production

Expanding International Collaboration

Market Realignment Amid Geopolitical Tensions

4.3 Nuclear Power Market, United States, Capacity and Generation

4.4 Nuclear Power Market Segmentation

By Reactor Type

By Technology

2024 Landscape:

2035 Landscape:

4.5 Project Status Analysis, United States

4.6 Nuclear Power Market, Active Projects

4.7 Nuclear Power Market, Upcoming Projects

4.8 Small Modular Reactors, United States

4.9 New Investments, United States

4.10 Nuclear Power Market, United States, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenges

4.11 Key Laws and Regulations

Atomic Energy Act of 1954 (AEA)

Energy Reorganization Act of 1974

Nuclear Waste Policy Act of 1982

Price-Anderson Nuclear Industries Indemnity Act

Nuclear Regulatory Commission (NRC) Regulations

Energy Policy Act of 2005

Nuclear Non-Proliferation Act of 1978

National Environmental Policy Act of 1969 (NEPA)

Radiation Protection Regulations (10 CFR Part 20)

Uranium Mill Tailings Radiation Control Act of 1978

5 Nuclear Power Market, Canada

5.1 Overview

Refurbishment of Existing Infrastructure

Advancing New Technologies

5.2 Nuclear Power Market, Canada, Capacity and Generation

5.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

5.4 Project Status Analysis, Canada

5.5 Nuclear Power Market, Active Projects

5.6 Nuclear Power Market, Upcoming Projects

5.7 Small Modular Reactors, Canada

5.8 New Investments, Canada

5.9 Nuclear Power Market, Canada, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenges

5.10 Key Laws and Regulations

Nuclear Safety and Control Act (NSCA), 1997

Canadian Environmental Assessment Act (CEAA), 2012

Radiation Protection Regulations

Nuclear Liability and Compensation Act, 1976

CNSC Regulations and Safety Codes

Nuclear Fuel Waste Act, 2002

Energy Policy and Clean Energy Act

International Agreements and Safeguards

6 Nuclear Power Market, United Kingdom

6.1 Overview

Modern Developments

The Role of SMRs

Nuclear Waste and Decommissioning

Policy and Regulatory Support

Workforce and Supply Chain Development

Future Outlook

6.2 Nuclear Power Market, United Kingdom, Capacity and Generation

6.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

6.4 Project Status Analysis, United Kingdom

6.5 Nuclear Power Market, Active Projects

6.6 Nuclear Power Market, Upcoming Projects

6.7 Small Modular Reactors, United Kingdom

6.8 New Investments, United Kingdom

6.9 Nuclear Power Market, United Kingdom, Drivers, Restraints, and Challenges

Drivers

Restraints

6.10 Key Laws and Regulations

Atomic Energy Act 1946

Atomic Energy Authority Acts 1954 & 1986

Nuclear Installations Act 1965

Health and Safety at Work etc. Act 1974

Radioactive Substances Act 1993

Energy Acts 2004, 2008, and 2013

Nuclear Safeguards Act 2018

Energy Act 2023

Office for Nuclear Regulation (ONR) and Regulatory Oversight

7 Nuclear Power Market, France

7.1 Overview

Early Development and Expansion (1940s-1980s)

Maturity and Dominance (1990s-2010s)

Modern Developments

Macron’s Nuclear Revival Plan (2022-2050)

SMRs and Next-Gen Technology:

Government Policy and Regulatory Framework

France’s Role in Global Nuclear Leadership

Future Outlook

7.2 Nuclear Power Market, France, Capacity and Generation

7.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

7.4 Project Status Analysis, France

7.5 Nuclear Power Market, Active Projects

7.6 Nuclear Power Market, Upcoming Projects

7.7 Small Modular Reactors, France

7.8 New Investments, France

7.9 Nuclear Power Market, France, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenge

7.10 Key Laws and Regulations

Act on Transparency and Security in the Nuclear Field (2006-686)

Act on the Sustainable Management of Radioactive Materials and Waste (2006-739)

Energy Transition for Green Growth Act (2015-992)

Law to Accelerate New Nuclear Reactor Construction (2023)

7.11 Regulatory Authorities

French Authority for Nuclear Safety and Radiation Protection (ASNR)

8 Nuclear Power Market, Ukraine

8.1 Overview

8.2 Nuclear Power Market, Ukraine, Capacity and Generation

8.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

8.4 Project Status Analysis, Ukraine

8.5 Nuclear Power Market, Active Projects

8.6 Nuclear Power Market, Upcoming Projects

8.7 Small Modular Reactors, Ukraine

8.8 New Investments, Ukraine

8.9 Nuclear Power Market, Ukraine, Drivers, Restraints, and Challenges

Drivers

Restraints

8.10 Key Laws and Regulations

Law on the Use of Nuclear Energy and Radiation Safety (1995, Amended 2022)

Law on Nuclear Safety (1997, Amended 2020)

Law on Radioactive Waste Management (1995, Amended 2019)

Law on Licensing Activities in the Use of Nuclear Energy (2000, Amended 2021)

Chernobyl Legislation and Exclusion Zone Regulation (1991, Amended 2023)

National Nuclear Energy Generating Company "Energoatom" Regulations

(1996, Amended 2023)

Law on Physical Protection of Nuclear Facilities, Nuclear Materials, Radioactive Waste,

and Other Radiation Sources (2000, Amended 2022)

Nuclear Liability Law (2001, Amended 2020)

Law on Ukraine's Accession to the Euratom Supply Agreement (2022)

State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) and Regulatory Oversight

9 Nuclear Power Market, Russia

9.1 Overview

9.2 Nuclear Power Market, Russia, Capacity and Generation

9.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

9.4 Project Status Analysis, Russia

9.5 Nuclear Power Market, Active Projects

9.6 Nuclear Power Market, Upcoming Projects

9.7 Small Modular Reactors, Russia

9.8 New Investments, Russia

9.9 Nuclear Power Market, Russia, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenges

9.10 Key Laws and Regulations

Federal Law on the Use of Atomic Energy (1995, Amended 2020)

Federal Law on Radiation Safety of the Population (1996, Amended 2018)

Federal Law on the State Atomic Energy Corporation Rosatom (2007, Amended 2022)

Federal Law on Licensing of Certain Types of Activities (2001, Amended 2019)

Law on Radioactive Waste Management (2011, Amended 2021)

Federal Target Program for Nuclear and Radiation Safety (2016-2030)

Law on Nuclear Liability and Compensation (2012, Amended 2020)

9.11 Regulatory Authorities

10 Nuclear Power Market, China

10.1 Overview

Rapid Expansion and Technological Advancements

Investment in Research, Innovation, and Global Influence

10.2 Nuclear Power Market, China, Capacity and Generation

10.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

10.4 Project Status Analysis, China

10.5 Nuclear Power Market, Active Projects

10.6 Nuclear Power Market, Upcoming Projects

10.7 Small Modular Reactors, China

10.8 New Investments, China

10.9 Nuclear Power Market, China, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenges

10.10 Key Laws and Regulations

Nuclear Safety Law of the People's Republic of China (2017)

Regulations on the Safety Supervision and Management of Civilian Nuclear Installations

Regulations on the Control of Nuclear Materials

Regulations on the Safe Transportation of Radioactive Materials

Regulations on the Safety and Protection of Radioisotopes and Radiation Devices

10.11 Regulatory Authorities

National Nuclear Safety Administration (NNSA)

11 Nuclear Power Market, India

11.1 Overview

Future Plans

11.2 Nuclear Power Market, India, Capacity and Generation

11.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

11.4 Project Status Analysis, India

11.5 Nuclear Power Market, Active Projects

11.6 Nuclear Power Market, Upcoming Projects

11.7 New Investments, India

11.8 Nuclear Power Market, India, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenge

11.9 Key Laws and Regulations

Atomic Energy Act of 1962

Nuclear Liability Act (Civil Liability for Nuclear Damage Act, 2010)

Environmental Protection Act, 1986

Atomic Energy Regulatory Board (AERB) Guidelines and Safety Codes

Right to Fair Compensation and Transparency in Land Acquisition Act, 2013

The Electricity Act of 2003 and Its Impact on Nuclear Energy

Import and Trade Regulations for Nuclear Technology

11.10 Regulatory Authorities

12 Nuclear Power Market, South Korea

12.1 Overview

Future Plans

12.2 Nuclear Power Market, South Korea, Capacity and Generation

12.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

12.4 Project Status Analysis, South Korea

12.5 Nuclear Power Market, Active Projects

12.6 Nuclear Power Market, Upcoming Projects

12.7 New Investments, South Korea

12.8 Nuclear Power Market, South Korea, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenges

12.9 Key Laws and Regulations

Atomic Energy Act

Nuclear Safety Act

Act on Physical Protection and Radiological Emergency

Nuclear Liability Act

Act on Protective Action Guidelines Against Radiation in the Natural Environment

Act on Nuclear Safety Information Disclosure and Communication

12.10 Regulatory Authorities

Nuclear Safety and Security Commission (NSSC)

Korea Institute of Nuclear Safety (KINS)

13 Nuclear Power Market, Japan

13.1 Overview

Future Plans

13.2 Nuclear Power Market, Japan, Capacity and Generation

13.3 Nuclear Power Market Segmentation

By Reactor Type

By Technology

13.4 Project Status Analysis, Japan

13.5 Nuclear Power Market, Active Projects

13.6 Nuclear Power Market, Upcoming Projects

13.7 New Investments, Japan

13.8 Nuclear Power Market, Japan, Drivers, Restraints, and Challenges

Drivers

Restraints

Challenge

13.9 Key Laws and Regulations

Atomic Energy Basic Act (1955)

Act on the Regulation of Nuclear Source Material, Nuclear Fuel Material and Reactors

Act on Prevention of Radiation Hazards due to Radioisotopes

13.10 Regulatory Authorities

Nuclear Regulation Authority (NRA)

14 Appendix

14.1 Abbreviations

14.2 Market Definitions

14.3 Methodology

Coverage

Secondary Research

Primary Research

Modeling and Forecasting

About GlobalData

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Table 1: Nuclear Power Market, Global, Cumulative Capacity and Annual Generation, 2015–2035

Table 2: Electric Vehicles, Global, Deals

Table 3: Nuclear Power Market, Global, Advanced Economies, Age of Reactors, 2024

Table 4: Electricite de France SA

Table 5: Mitsubishi Corp

Table 6: State Atomic Energy Corporation Rosatom

Table 7: Westinghouse Electric Co LLC

Table 8: China National Nuclear Corp

Table 9: GE-Hitachi Nuclear Energy Inc

Table 10: Framatome SAS

Table 11: Korea Hydro & Nuclear Power Co Ltd

Table 12: Toshiba Energy Systems and Solutions Corp

Table 13: BWX Technologies Inc

Table 14: Nuclear Power Market, the US, Cumulative Capacity and Annual Generation, 2015–2035

Table 15: Nuclear Power Market, the US, Active Reactors by state, 2024

Table 16: Nuclear Power Market, the US, Major Reactors-Active, 2024

Table 17: Nuclear Power Market, the US, Major Reactors-Upcoming, 2024

Table 18: Nuclear Power Market, the US, Upcoming Small Modular Reactors

Table 19: Nuclear Power Market, Canada, Cumulative Capacity and Annual Generation, 2015–2035

Table 20: Nuclear Power Market, Canada, Active Reactors by state, 2024

Table 21: Nuclear Power Market, Canada, Major Reactors-Active, 2024

Table 22: Nuclear Power Market, Canada, Major Reactors-Upcoming, 2024

Table 23: Nuclear Power Market, Canada, Upcoming Small Modular Reactors

Table 24: Nuclear Power Market, the UK, Cumulative Capacity and Annual Generation, 2015–2035

Table 25: Nuclear Power Market, the UK, Active Reactors by state, 2024

Table 26: Nuclear Power Market, the UK, Major Reactors-Active, 2024

Table 27: Nuclear Power Market, the UK, Major Reactors-Upcoming, 2024

Table 28: Nuclear Power Market, the UK, Upcoming Small Modular Reactors

Table 29: Nuclear Power Market, France, Cumulative Capacity and Annual Generation, 2015–2035

Table 30: Nuclear Power Market, France, Active Reactors by state, 2024

Table 31: Nuclear Power Market, France, Major Reactors-Active, 2024

Table 32: Nuclear Power Market, France, Major Reactors-Upcoming, 2024

Table 33: Nuclear Power Market, France, Upcoming Small Modular Reactors

Table 34: Nuclear Power Market, Ukraine, Cumulative Capacity and Annual Generation, 2015–2035

Table 35: Nuclear Power Market, Ukraine, Active Reactors by state, 2024

Table 36: Nuclear Power Market, Ukraine, Major Reactors-Active, 2024

Table 37: Nuclear Power Market, Ukraine, Major Reactors-Upcoming, 2024

Table 38: Nuclear Power Market, Ukraine, Upcoming Small Modular Reactors

Table 39: Nuclear Power Market, Russia, Cumulative Capacity and Annual Generation, 2015–2035

Table 40: Nuclear Power Market, Russia, Active Reactors by state, 2024

Table 41: Nuclear Power Market, Russia, Major Reactors-Active, 2024

Table 42: Nuclear Power Market, Russia, Major Reactors-Upcoming, 2024

Table 43: Nuclear Power Market, Russia, Upcoming Small Modular Reactors

Table 44: Nuclear Power Market, China, Cumulative Capacity and Annual Generation, 2015–2035

Table 45: Nuclear Power Market, China, Active Reactors by state, 2024

Table 46: Nuclear Power Market, China, Major Reactors-Active, 2024

Table 47: Nuclear Power Market, China, Major Reactors-Upcoming, 2024

Table 48: Nuclear Power Market, China, Upcoming Small Modular Reactors

Table 49: Nuclear Power Market, India, Cumulative Capacity and Annual Generation, 2015–2035

Table 50: Nuclear Power Market, India, Active Reactors by state, 2024

Table 51: Nuclear Power Market, India, Major Reactors-Active, 2024

Table 52: Nuclear Power Market, India, Major Reactors-Upcoming, 2024

Table 53: Nuclear Power Market, South Korea, Cumulative Capacity and Annual Generation, 2015–2035

Table 54: Nuclear Power Market, South Korea, Active Reactors by state, 2024

Table 55: Nuclear Power Market, South Korea, Major Reactors-Active, 2024

Table 56: Nuclear Power Market, South Korea, Major Reactors-Upcoming, 2024

Table 57: Nuclear Power Market, Japan, Cumulative Capacity and Annual Generation, 2015–2035

Table 58: Nuclear Power Market, Japan, Active Reactors by state, 2024

Table 59: Nuclear Power Market, Japan, Major Reactors-Active, 2024

Table 60: Nuclear Power Market, Japan, Major Reactors-Upcoming, 2024

Table 61: Abbreviations

Figure 1: Nuclear Power Market, Global, Snapshot, 2024

Figure 2: Nuclear Power Market, Global, Cumulative Capacity and Annual Generation,

2015–2035

Figure 3: Nuclear Power Market, Regional, Cumulative Capacity, 2024

Figure 4: Nuclear Power Market, Regional, Annual Generation, 2024

Figure 5: Nuclear Power Market, Global, Deal Activity, 2015-2025*

Figure 6: Nuclear Power Market, Global, Deals by Type, 2024

Figure 7: Nuclear Power Market, Global, Small Modular Reactors Project Status, 2024

Figure 8: Nuclear Power Market, Global, Small Modular Reactors Deployment by Country, 2024

Figure 9: Nuclear Power Market, Global, Advanced Economies, Age of Reactors, 2024

Figure 10: Nuclear Power Market, the US, Snapshot, 2024

Figure 11: Nuclear Power Market, the US, Cumulative Capacity and Annual Generation,

2015– 2035

Figure 12: Nuclear Power Market, the US, Segmentation by Reactor Type

Figure 13: Nuclear Power Market, the US, Segmentation by Technology

Figure 14: Nuclear Power Market, the US, Project Status

Figure 15: Nuclear Power Market, the US, Investments

Figure 16: Nuclear Power Market, Canada, Snapshot, 2024

Figure 17: Nuclear Power Market, Canada, Cumulative Capacity and Annual Generation,

2015–2035

Figure 18: Nuclear Power Market, Canada, Segmentation by Reactor Type

Figure 19: Nuclear Power Market, Canada, Segmentation by Technology

Figure 20: Nuclear Power Market, Canada, Project Status

Figure 21: Nuclear Power Market, Canada, Investments

Figure 22: Nuclear Power Market, the UK, Snapshot, 2024

Figure 23: Nuclear Power Market, the UK, Cumulative Capacity and Annual Generation,

2015–2035

Figure 24: Nuclear Power Market, the UK, Segmentation by Reactor Type

Figure 25: Nuclear Power Market, the UK, Segmentation by Technology

Figure 26: Nuclear Power Market, the UK, Project Status

Figure 27: Nuclear Power Market, the UK, Investments

Figure 28: Nuclear Power Market, France, Snapshot, 2024

Figure 29: Nuclear Power Market, France, Cumulative Capacity and Annual Generation,

2015–2035

Figure 30: Nuclear Power Market, France, Segmentation by Reactor Type

Figure 31: Nuclear Power Market, France, Segmentation by Technology

Figure 32: Nuclear Power Market, France, Project Status

Figure 33: Nuclear Power Market, France, Investments

Figure 34: Nuclear Power Market, Ukraine, Snapshot, 2024

Figure 35: Nuclear Power Market, Ukraine, Cumulative Capacity and Annual Generation,

2015–2035

Figure 36: Nuclear Power Market, Ukraine, Segmentation by Technology

Figure 37: Nuclear Power Market, Ukraine, Project Status

Figure 38: Nuclear Power Market, Ukraine, Investments

Figure 39: Nuclear Power Market, Russia, Snapshot, 2024

Figure 40: Nuclear Power Market, Russia, Cumulative Capacity and Annual Generation,

2015–2035

Figure 41: Nuclear Power Market, Russia, Segmentation by Reactor Type

Figure 42: Nuclear Power Market, Russia, Segmentation by Technology

Figure 43: Nuclear Power Market, Russia, Project Status

Figure 44: Nuclear Power Market, Russia, Investments

Figure 45: Nuclear Power Market, China, Snapshot, 2024

Figure 46: Nuclear Power Market, China, Cumulative Capacity and Annual Generation,

2015–2035

Figure 47: Nuclear Power Market, China, Segmentation by Reactor Type

Figure 48: Nuclear Power Market, China, Segmentation by Technology

Figure 49: Nuclear Power Market, China, Project Status

Figure 50: Nuclear Power Market, China, Investments

Figure 51: Nuclear Power Market, India, Snapshot, 2024

Figure 52: Nuclear Power Market, India, Cumulative Capacity and Annual Generation,

2015–2035

Figure 53: Nuclear Power Market, India, Segmentation by Reactor Type

Figure 54: Nuclear Power Market, India, Segmentation by Technology

Figure 55: Nuclear Power Market, India, Project Status

Figure 56: Nuclear Power Market, India, Investments

Figure 57: Nuclear Power Market, South Korea, Snapshot, 2024

Figure 58: Nuclear Power Market, South Korea, Cumulative Capacity and Annual

Generation, 2015–2035

Figure 59: Nuclear Power Market, South Korea, Segmentation by Reactor Type

Figure 60: Nuclear Power Market, South Korea, Segmentation by Technology

Figure 61: Nuclear Power Market, South Korea, Project Status

Figure 62: Nuclear Power Market, South Korea, Investments

Figure 63: Nuclear Power Market, Japan, Snapshot, 2024

Figure 64: Nuclear Power Market, Japan, Cumulative Capacity and Annual Generation,

2015–2035

Figure 65: Nuclear Power Market, Japan, Segmentation by Reactor Type

Figure 66: Nuclear Power Market, Japan, Segmentation by Technology

Figure 67: Nuclear Power Market, Japan, Project Status

Figure 68: Nuclear Power Market, Japan, Investments