PUBLISHER: The Business Research Company | PRODUCT CODE: 1730970
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730970
Nuclear plant operations involve the overall management, control, and functioning of a nuclear power plant to ensure the safe and efficient generation of electricity. Nuclear fuel is the material used in the reactor to generate nuclear energy through the process of nuclear fission. Instrumentation in nuclear plants refers to the devices and systems that measure and control various parameters within the plant.
The key components of nuclear plant operations, fuel, and instrumentation include nuclear plant operations, nuclear fuel, and instrumentation and control systems. Nuclear plant operations encompass the daily management and functioning of nuclear power plants, ensuring their safe, efficient operation while adhering to regulatory standards. Various types of reactors include pressurized water reactors (PWR), boiling water reactors (BWR), small modular reactors (SMR), fast breeder reactors (FBR), and high-temperature gas-cooled reactors (HTGR). These reactors serve multiple end-users, including commercial power generation, research reactors, and naval and defense applications.
The nuclear plant operations, fuel, and instrumentation market research report is one of a series of new reports from The Business Research Company that provides nuclear plant operations, fuel, and instrumentation market statistics, including the nuclear plant operations, fuel, and instrumentation industry global market size, regional shares, competitors with the nuclear plant operations, fuel, and instrumentation market share, detailed nuclear plant operations, fuel, and instrumentation market segments, market trends, and opportunities, and any further data you may need to thrive in the nuclear plant operations, fuel, and instrumentation industry. This nuclear plant operations, fuel, and instrumentation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The nuclear plant operations, fuel, and instrumentation market size has grown steadily in recent years. It will grow from $110.56 billion in 2024 to $115.60 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth observed in the historic period can be attributed to factors such as advancements in nuclear technology, the rising trend of decarbonization, increasing demand for electricity, which has boosted the need for nuclear fuels, and growing investments in renewable energy.
The nuclear plant operations, fuel, and instrumentation market size is expected to see steady growth in the next few years. It will grow to $136.50 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth expected during the forecast period can be attributed to factors such as the increasing demand for energy, the growing demand for nuclear power, a surge in the need for new nuclear plants, rising demand for power plant control systems, and the global shift toward clean and reliable nuclear energy. Key trends in the forecast period include technological advancements in detection, innovations such as digital signal processing, progress in PWR technology, advancements in reactor technology, and the adoption of cutting-edge technologies.
The increasing demand for energy is expected to drive the growth of the nuclear plant operations, fuel, and instrumentation market. Energy is required to perform various tasks and power systems, often generated from sources such as fossil fuels, nuclear power, and renewable resources. As energy consumption rises due to the growing need for electricity in daily activities, including heating, cooling, transportation, and the use of electronic devices, the demand for power continues to surge. Nuclear plant operations, fuel, and instrumentation help meet this demand by facilitating efficient and reliable power generation through the management of reactor systems, optimized fuel usage, and precise control and monitoring of plant processes. For example, in December 2024, a report from the Department for Energy Security and Net Zero (DESNZ), a UK-based government department, highlighted that renewable energy generation reached a record-high 32.2 TWh in the third quarter, reflecting a 6.5% increase compared to the same period in 2023. Additionally, total final energy consumption grew by 1.7% compared to the third quarter of 2023. As a result, the increasing energy demand is driving the growth of the nuclear plant operations, fuel, and instrumentation market.
Companies in the nuclear plant operations, fuel, and instrumentation market are focusing on developing innovative technologies such as nuclear generative AI systems to improve efficiency, safety, and fuel optimization. A nuclear generative AI system is an artificial intelligence framework designed specifically to enhance nuclear plant operations by analyzing large data sets, optimizing reactor performance, and predicting maintenance needs. In September 2024, Westinghouse Electric Company, a US-based provider of nuclear power solutions, launched the Hive Nuclear-Specific Generative Artificial Intelligence (GenAI) System. This system includes the Bertha Nuclear Large Language Model (LLM), an AI model tailored for the nuclear industry. It provides advanced analytics, predictive maintenance, and enhanced fuel safety by leveraging cutting-edge AI and deep nuclear expertise. This system offers real-time insights that optimize reactor lifecycle management, from design and licensing to operations and maintenance, ensuring improved efficiency and reliability.
In January 2025, Curtiss-Wright Corporation, a US-based engineering company offering highly engineered products and services, acquired Ultra Energy for $200 million. This acquisition enables Curtiss-Wright to strengthen its position in the nuclear energy sector, enhance its capabilities in providing advanced technology solutions, and expand its portfolio of products and services related to nuclear plant operations, instrumentation, and safety systems. Ultra Energy, a US-based company, specializes in safety-critical measurement and control systems for the nuclear industry.
Major players in the nuclear plant operations, fuel, and instrumentation market are Mitsubishi Electric Corporation, GE Vernova Inc., Baker Hughes Company, Doosan Enerbility, Framatome, leonardo DRS, ATS Corporation, BWX Technologies Inc., Bilfinger Nuclear & Energy Transition GmbH, Mirion Technologies Inc., Sargent & Lundy, Exosens, Kinectrics Inc., Westinghouse Electric Company LLC, Tema India Pvt. Ltd., Motion Industries Inc., X Energy LLC, CORE Energy Systems Ltd., KROHNE Group, Nuclear Engineering Ltd.
Asia-Pacific was the largest region in the nuclear plant operations, fuel, and instrumentation market in 2024. The regions covered in nuclear plant operations, fuel, and instrumentation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the nuclear plant operations, fuel, and instrumentation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The nuclear plant operations, fuel, and instrumentation market consists of revenues earned by entities providing services such as plant management and maintenance, fuel cycle management, and instrumentation calibration and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The nuclear plant operations, fuel, and instrumentation market also includes sales of reactor coolant pumps (RCPS), uranium fuel assemblies, and radiation detectors and monitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nuclear Plant Operations, Fuel, And Instrumentation Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nuclear plant operations, fuel, and instrumentation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nuclear plant operations, fuel, and instrumentation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nuclear plant operations, fuel, and instrumentation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.