PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719369
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1719369
U.S. Nuclear Power Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The U.S. nuclear power market, valued at USD 13.3 billion in 2024, is expected to grow at a CAGR of 5.1%, reaching USD 19.6 billion by 2032. The market's growth is driven by increasing demand for clean, emission-free energy, especially in the wake of rising greenhouse gas emissions and efforts to meet sustainability goals. Nuclear power is crucial to providing stable, reliable energy and reducing the environmental impact of the U.S. energy sector. Advanced technologies like small modular reactors (SMRs) are gaining traction, offering a more cost-effective and flexible solution for energy production.
Key Insights
Nuclear power plants, contributing 75% of the market share, remain the dominant technology, with pressurized water reactors (PWR) being the most widely adopted due to their safety and efficiency.
Small Modular Reactors (SMRs) are the fastest-growing segment, expected to drive significant changes in the market, offering lower costs and improved safety features.
The large capacity reactors (above 1,000 MW) represent 45% of the market, with high-capacity reactors still dominating U.S. nuclear power generation.
SMR development is actively pursued by major firms, including NuScale and GE Hitachi, with notable investments and collaborations from companies like Amazon to deploy SMRs.
Nuclear power currently generates about 18% of the U.S. electricity and nearly 50% of its emission-free electricity, underscoring its importance in achieving zero-emission energy goals.
Federal and state government support is crucial, with tax credits, R&D funding, and loan guarantees promoting the adoption of nuclear power as a clean energy source.
The Midwest is the fastest-growing region in the nuclear power sector, while the South remains the largest market, driven by ongoing and planned nuclear projects.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Type
- 1.4.2. Market Size Breakdown, by Capacity
- 1.4.3. Market Size Breakdown, by Fuel Type
- 1.4.4. Market Size Breakdown, by Application
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Impact of COVID-19
- 5.4. Sociopolitical Impact
- 5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
- 5.6. Innovation and Technology Trends
- 5.7. Economic and Regulatory Impact
- 5.8. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Market Share of Key Players (2024)
- 6.3. Competitive Benchmarking of Key Players
- 6.4. Product Benchmarking of Key Players
- 6.5. Recent Strategic Developments by Key Players
- 6.6. Company Leadership Matrix
Chapter 7. U.S. Market
- 7.1. Overview
- 7.2. Market Volume, by Type (2019-2032)
- 7.3. Market Revenue, by Type (2019-2032)
- 7.4. Market Volume, by Capacity (2019-2032)
- 7.5. Market Revenue, by Capacity (2019-2032)
- 7.6. Market Volume, by Fuel Type (2019-2032)
- 7.7. Market Revenue, by Fuel Type (2019-2032)
- 7.8. Market Volume, by Application (2019-2032)
- 7.9. Market Revenue, by Application (2019-2032)
- 7.10. Market Volume, by Region (2019-2032)
- 7.11. Market Revenue, by Region (2019-2032)
Chapter 8. Company Profiles
Chapter 9. Appendix
- 9.1. Sources and References
- 9.2. Related Reports
