Nuclear Power Market: Size, Share, Trends, Forecast & Growth Analysis 2034 Strengthening Global Energy Security
Nuclear Power Market is entering a phase of steady growth as countries focus on cleaner and more reliable energy . The market is valued at $50.3 billion in 2024 and is expected to reach $76.2 billion by 2034 , growing at a CAGR of 4.2% . Nuclear power is one of the few large-scale, low-carbon energy sources that can meet rising electricity demand. The market covers reactor construction and operation, uranium fuel supply, waste management, and decommissioning services . With increasing focus on carbon neutrality, energy security, and advanced reactor technologies , interest in nuclear energy is rising. Pressurized Water Reactors (PWRs) dominate due to their efficiency , while Small Modular Reactors (SMRs) are gaining attention for their scalability and cost benefits . Market Dynamics Several forces are driving the upward trajectory of the nuclear power market. Rising energy...