North America Commercial Nuclear Power Market

North America Commercial Nuclear Power Market Size, Trends & Analysis - Forecasts to 2028 By Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas Cooled Reactor (GCR), and Others), By Carrier Type (Island Equipment and Auxiliary Equipment), By Application (Electricity Power Generation, Life-science & Research, Industrial Applications, Space & Defense Research, and Others), and By Country (United States, Canada, and Mexico), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Energy & Power

Format

This report was recently updated on November 16 2024 with the latest and most recent market numbers

North America Commercial Nuclear Power Market Size

The North America Commercial Nuclear Power Market is estimated to be valued at USD 14.3 Billion in 2023, and is projected to reach USD 17.1 Billion by 2028, at a CAGR of 3.5% from 2023 to 2028.

The market for commercial nuclear power is primarily being driven by an expansion in global industrialization and R&D initiatives in a number of different nations. The rapid adoption of these materials in the automotive, aerospace, healthcare, and other industries is fuelling the demand for commercial nuclear power. Due to the region's increased nuclear producing capacity and better refuelling, maintenance, and safety systems at existing facilities, the commercial nuclear power market in North America is growing.

The decrease in average nuclear generation costs, growing global demand for clean and renewable energy sources, a strong presence of prominent players, and strong government support are all factors driving market growth. Also, in order to progress nuclear energy in terms of safety, technical, economic, and environmental advancements, countries all over the world are studying and developing generation IV nuclear energy technologies. This will certainly open up a number of new chances for the market in the future.

Additionally, it is projected that rising power consumption and increased awareness of renewable energy will hasten industry expansion. The local economy is also expected to grow as a result of government backing for nuclear power reactors in the U.S. region.

For instance, in October 2021, the U.S. Department of Energy announced funding of USD 20 million for technology demonstrations that will produce clean hydrogen energy from nuclear power. The innovation will make it possible to use clean hydrogen as a zero-carbon energy source and will be a crucial economic component for nuclear power plants, which has raised the demand for Commercial Nuclear Power in North America region.

north america commercial nuclear power market

North America Commercial Nuclear Power Market: By Reactor Type

The Pressurized Water Reactor (PWR) segment is expected to be the largest-growing segment in the market from 2023-2028. The pressurised water reactor (PWR) is the nuclear reactor design that has been used most frequently worldwide. One of the biggest markets for PWR reactor-based nuclear power facilities is the United States.

According to the World Nuclear Organization, 62 of the 93 operational reactors in the nation as of November 2021 were PWR reactors, making up about 65.7% of the nation's installed nuclear capacity. PWR is the most widely used nuclear reactor design, and as a result, PWR type reactors dominate the market for nuclear power plants and related equipment. Despite having a lower efficiency and higher starting costs, PWR is a mature technology with significantly reduced operational expenses, all of which are fostering the growth of the segment.

North America Commercial Nuclear Power Market: By Carrier Type

The Island Equipment segment is expected to be the largest-growing segment in the market from 2023-2028, owing to an increase in energy demand and advancements in nuclear power technology. Due to its significance in operation safety and broad range of uses in a nuclear power plant, the island equipment sector now dominates the market and is anticipated to maintain a sizable share. In addition, island equipment is more affordable than auxiliary equipment, thereby contributing to higher revenue share of this segment.

North America Commercial Nuclear Power Market: By Application

The Electricity Power Generation segment is anticipated to be the largest and fastest-growing segment in the market from 2023-2028, owing to the growing advancements in the field of electricity power generation plants. Furthermore, as countries become more populous in developing nations, demand for power has gradually increased. This has compelled governments all over the world to take a number of steps to guarantee a proper supply of electricity in their nation. As a result, investment in the industry of power generating has increased quickly, thereby generating segment revenue.

North America Commercial Nuclear Power Market: By Country

Regionally, the market is anticipated to remain stable in United States with 69% of total regional share and is also predicted to be the fastest-growing segment in the market from 2023-2028 owing to the strong growth of the power plants industry and significant presence of major key players. With a total net capacity of 94.7 GWe, the USA has 92 operational nuclear reactors. 19.6% of the nation's electricity was produced by nuclear power in 2021. Two of the four AP1000 reactors that were planned to be built have been scrapped. The extraordinarily successful development of maintenance techniques is one of the factors contributing to the current decline in new construction in the USA. Improved operating efficiency over the past 15 years has increased the use of nuclear power plants in the US, with the increased production equal to the construction of 19 new 1000 MWe facilities, hence enhancing the country share.

North America Commercial Nuclear Power Market Share and Competitor Analysis

The paramount competitors covered in the North America Commercial Nuclear Power market report include BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi, Heavy Industries Ltd, GE-Hitachi Nuclear Energy Inc., Westinghouse Electric Company LLC, Babcock and Wilcox Company, Exelon Generation Co. LLC, Toshiba, STP Nuclear operating Company, and Bechtel Group Inc. among others.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics on Feed Stocks

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 NORTH AMERICA COMMERCIAL NUCLEAR POWER MARKET, BY REACTOR TYPE

4.1 Introduction

4.2 Commercial Nuclear Power Market: Reactor Type Scope Key Takeaways

4.3 Revenue Growth Analysis, 2022 & 2028

4.4 Heavy Water Reactor (HWR)

4.4.1 Heavy Water Reactor (HWR) Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Light Water Reactor (LWR)

4.5.1 Light Water Reactor (LWR) Market Estimates and Forecast, 2020-2028 (USD Million)

4.6 Fast Neutron Reactor (FNR)

4.6.1 Fast Neutron Reactor (FNR) Market Estimates and Forecast, 2020-2028 (USD Million)

4.7 Molten Salt Reactor

4.7.1 Molten Salt Reactor Market Estimates and Forecast, 2020-2028 (USD Million)

5 NORTH AMERICA COMMERCIAL NUCLEAR POWER MARKET, BY LOCATION TYPE

5.1 Introduction

5.2 Commercial Nuclear Power Market: Location Type Scope Key Takeaways

5.3 Revenue Growth Analysis, 2022 & 2028

5.4 Land

5.4.1 Land Equipment Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Marine

5.5.1 Marine Market Estimates and Forecast, 2020-2028 (USD Million)

6 NORTH AMERICA COMMERCIAL NUCLEAR POWER MARKET, BY LOCATION TYPE

6.1 Introduction

6.2 Commercial Nuclear Power Market: Location Type Scope Key Takeaways

6.3 Revenue Growth Analysis, 2022 & 2028

6.4 Island Equipment

6.4.1 Island Equipment Market Estimates and Forecast, 2020-2028 (USD Million)

6.5 Auxiliary Equipment

6.5.1 Auxiliary Equipment Market Estimates and Forecast, 2020-2028 (USD Million)

7 NORTH AMERICA COMMERCIAL NUCLEAR POWER MARKET, BY APPLICATION

7.1 Introduction

7.2 Commercial Nuclear Power Market: Application Scope Key Takeaways

7.3 Revenue Growth Analysis, 2022 & 2028

7.4 Electricity Power Generation

7.4.1 Electricity Power Generation Market Estimates and Forecast, 2020-2028 (USD Million)

7.5 Life-science & Research

7.5.1 Life-science & Research Market Estimates and Forecast, 2020-2028 (USD Million)

7.6 Industrial Applications

7.6.1 Industrial Applications Market Estimates and Forecast, 2020-2028 (USD Million)

7.7 Space & Defense Research

7.7.1 Space & Defense Research Market Estimates and Forecast, 2020-2028 (USD Million)

7.8 Others

7.8.1 Others Market Estimates and Forecast, 2020-2028 (USD Million)

8 NORTH AMERICA COMMERCIAL NUCLEAR POWER MARKET, BY COUNTRY

8.1 Introduction

8.2 North America Commercial Nuclear Power Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.1 By Reactor Type

8.2.2 By Location Type

8.2.3 By Application

8.2.4 By Country

8.2.4.1 U.S. Commercial Nuclear Power Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.4.1.1 By Reactor Type

8.2.4.1.2 By Location Type

8.2.4.1.3 By Application

8.2.4.2 Canada Commercial Nuclear Power Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.4.2.1 By Reactor Type

8.2.4.2.2 By Location Type

8.2.4.2.3 By Application

8.2.4.3 Mexico Commercial Nuclear Power Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.4.3.1 By Reactor Type

8.2.4.3.2 By Location Type

8.2.4.3.3 By Application

9 COMPETITIVE LANDCAPE

9.1 Company Market Share Analysis

9.2 Four Quadrant Positioning Matrix

9.2.1 Market Leaders

9.2.2 Market Visionaries

9.2.3 Market Challengers

9.2.4 Niche Market Players

9.3.4 Rest of the World

9.4 Company Profiles

9.4.1 BWX Technologies Inc.

9.4.1.1 Business Description & Financial Analysis

9.4.1.2 SWOT Analysis

9.4.1.3 Products & Services Offered

9.4.1.4 Strategic Alliances between Business Partners

9.4.2 Doosan Heavy Industries & Construction Co. Ltd

9.4.2.1 Business Description & Financial Analysis

9.4.2.2 SWOT Analysis

9.4.2.3 Products & Services Offered

9.4.2.4 Strategic Alliances between Business Partners

9.4.3 Mitsubishi Heavy Industries Ltd

9.4.3.1 Business Description & Financial Analysis

9.4.3.2 SWOT Analysis

9.4.3.3 Products & Services Offered

9.4.3.4 Strategic Alliances between Business Partners

9.4.4 GE-Hitachi Nuclear Energy Inc.

9.4.4.1 Business Description & Financial Analysis

9.4.4.2 SWOT Analysis

9.4.4.3 Products & Services Offered

9.4.4.4 Strategic Alliances between Business Partners

9.4.5 Westinghouse Electric Company LLC

9.4.5.1 Business Description & Financial Analysis

9.4.5.2 SWOT Analysis

9.4.5.3 Products & Services Offered

9.4.5.4 Strategic Alliances between Business Partners

9.4.6 BABCOCK AND WILCOX COMPANY

9.4.6.1 Business Description & Financial Analysis

9.4.6.2 SWOT Analysis

9.4.6.3 Products & Services Offered

9.4.6.4 Strategic Alliances between Business Partners

9.4.7 Exelon Generation Co. LLC

9.4.7.1 Business Description & Financial Analysis

9.4.7.2 SWOT Analysis

9.4.7.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.8 Toshiba

9.4.8.1 Business Description & Financial Analysis

9.4.8.2 SWOT Analysis

9.4.8.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.9 Sky Air Coolar

9.4.9.1 Business Description & Financial Analysis

9.4.9.2 SWOT Analysis

9.4.9.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.10 Bechtel Group Inc.

9.4.10.1 Business Description & Financial Analysis

9.4.10.2 SWOT Analysis

9.4.10.3 Products & Services Offered

9.4.10.4 Strategic Alliances between Business Partners

9.4.11 Other Companies

9.4.11.1 Business Description & Financial Analysis

9.4.11.2 SWOT Analysis

9.4.11.3 Products & Services Offered

9.4.11.4 Strategic Alliances between Business Partners

10 RESEARCH METHODOLOGY

10.1 Market Introduction

10.1.1 Market Definition

10.1.2 Market Scope & Segmentation

10.2 Information Procurement

10.2.1 Secondary Research

10.2.1.1 Purchased Databases

10.2.1.2 GMEs Internal Data Repository

10.2.1.3 Secondary Resources & Third Party Perspectives

10.2.1.4 Company Information Sources

10.2.2 Primary Research

10.2.2.1 Various Location Type of Respondents for Primary Interviews

10.2.2.2 Number of Interviews Conducted throughout the Research Process

10.2.2.3 Primary Stakeholders

10.2.2.4 Discussion Guide for Primary Participants

10.2.3 Expert Panels

10.2.3.1 Expert Panels Across 30+ Industry

10.2.4 Paid Local Experts

10.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

10.3 Market Estimation

10.3.1 Top-Down Approach

10.3.1.1 Macro-Economic Indicators Considered

10.3.1.2 Micro-Economic Indicators Considered

10.3.2 Bottom Up Approach

10.3.2.1 Company Share Analysis Approach

10.3.2.2 Estimation of Potential Product Sales

10.4 Data Triangulation

10.4.1 Data Collection

10.4.2 Time Series, Cross Sectional & Panel Data Analysis

10.4.3 Cluster Analysis

10.5 Analysis and Output

10.5.1 Inhouse AI Based Real Time Analytics Tool

10.5.2 Output From Desk & Primary Research

10.6 Research Assumptions & Limitations

10.6.1 Research Assumptions

10.6.2 Research Limitations

LIST OF TABLES

1 North America Commercial Nuclear Power Market, By Reactor Type, 2020-2028 (USD Mllion)

2 Pressurized Water Reactor (PWR) Market, By Country, 2020-2028 (USD Mllion)

3 Pressurized Heavy Water Reactor (PHWR) Market, By Country, 2020-2028 (USD Mllion)

4 Boiling Water Reactor (BWR) Market, By Country, 2020-2028 (USD Mllion)

5 Light Water Graphite Reactor (LWGR) Market, By Country, 2020-2028 (USD Mllion)

6 Gas Cooled Reactor (GCR) Market, By Country, 2020-2028 (USD Mllion)

7 Others Market, By Country, 2020-2028 (USD Mllion)

8 North America Commercial Nuclear Power Market, By Carrier Type, 2020-2028 (USD Mllion)

9 Island Equipment Market, By Country, 2020-2028 (USD Mllion)

10 Auxiliary Equipment Market, By Country, 2020-2028 (USD Mllion)

11 North America Commercial Nuclear Power Market, By Application, 2020-2028 (USD Mllion)

12 Electricity Power Generation Market, By Country, 2020-2028 (USD Mllion)

13 Life-science & Research Market, By Country, 2020-2028 (USD Mllion)

14 Industrial Applications Market, By Country, 2020-2028 (USD Mllion)

15 Space & Defense Research Market, By Country, 2020-2028 (USD Mllion)

16 Others Market, By Country, 2020-2028 (USD Mllion)

17 Regional Analysis, 2020-2028 (USD Mllion)

18 North America Commercial Nuclear Power Market, By Reactor Type, 2020-2028 (USD Million)

19 North America Commercial Nuclear Power Market, By Carrier Type, 2020-2028 (USD Million)

20 North America Commercial Nuclear Power Market, By Application, 2020-2028 (USD Million)

21 North America Commercial Nuclear Power Market, By Country, 2020-2028 (USD Million)

22 U.S Commercial Nuclear Power Market, By Reactor Type, 2020-2028 (USD Million)

23 U.S Commercial Nuclear Power Market, By Carrier Type, 2020-2028 (USD Million)

24 U.S Commercial Nuclear Power Market, By Application, 2020-2028 (USD Million)

25 Canada Commercial Nuclear Power Market, By Reactor Type, 2020-2028 (USD Million)

26 Canada Commercial Nuclear Power Market, By Carrier Type, 2020-2028 (USD Million)

27 Canada Commercial Nuclear Power Market, By Application, 2020-2028 (USD Million)

28 Mexico Commercial Nuclear Power Market, By Reactor Type, 2020-2028 (USD Million)

29 Mexico Commercial Nuclear Power Market, By Carrier Type, 2020-2028 (USD Million)

30 Mexico Commercial Nuclear Power Market, By Application, 2020-2028 (USD Million)

31 BWX Technologies Inc.: Products & Services Offering

32 Doosan Heavy Industries & Construction Co. Ltd: Products & Services Offering

33 Mitsubishi Heavy Industries Ltd: Products & Services Offering

34 GE-Hitachi Nuclear Energy Inc.: Products & Services Offering

35 Westinghouse Electric Company LLC: Products & Services Offering

36 BABCOCK AND WILCOX COMPANY: Products & Services Offering

37 Exelon Generation Co. LLC : Products & Services Offering

38 Toshiba: Products & Services Offering

39 STP Nuclear operating Company: Products & Services Offering

40 Bechtel Group Inc.: Products & Services Offering

41 Other Companies: Products & Services Offering

LIST OF FIGURES

1 North America Commercial Nuclear Power Market Overview

2 North America Commercial Nuclear Power Market Value From 2020-2028 (USD Mllion)

3 North America Commercial Nuclear Power Market Share, By Reactor Type (2022)

4 North America Commercial Nuclear Power Market Share, By Carrier Type (2022)

5 North America Commercial Nuclear Power Market Share, By Application (2022)

6 Technological Trends In North America Commercial Nuclear Power Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The North America Commercial Nuclear Power Market

10 Impact Of Challenges On The North America Commercial Nuclear Power Market

11 Porter’s Five Forces Analysis

12 North America Commercial Nuclear Power Market: By Reactor Type Scope Key Takeaways

13 North America Commercial Nuclear Power Market, By Reactor Type Segment: Revenue Growth Analysis

14 Pressurized Water Reactor (PWR) Market, By Country, 2020-2028 (USD Mllion)

15 Pressurized Heavy Water Reactor (PHWR) Market, By Country, 2020-2028 (USD Mllion)

16 Boiling Water Reactor (BWR) Market, By Country, 2020-2028 (USD Mllion)

17 Light Water Graphite Reactor (LWGR) Market, By Country, 2020-2028 (USD Mllion)

18 Gas Cooled Reactor (GCR) Market, By Country, 2020-2028 (USD Mllion)

19 Others Market, By Country, 2020-2028 (USD Mllion)

20 North America Commercial Nuclear Power Market: By Carrier Type Scope Key Takeaways

21 North America Commercial Nuclear Power Market, By Carrier Type Segment: Revenue Growth Analysis

22 Island Equipment Market, By Country, 2020-2028 (USD Mllion)

23 Auxiliary Equipment Market, By Country, 2020-2028 (USD Mllion)

24 North America Commercial Nuclear Power Market: By Application Scope Key Takeaways

25 North America Commercial Nuclear Power Market, By Application Segment: Revenue Growth Analysis

26 Electricity Power Generation Market, By Country, 2020-2028 (USD Mllion)

27 Life-science & Research Market, By Country, 2020-2028 (USD Mllion)

28 Industrial Applications Market, By Country, 2020-2028 (USD Mllion)

29 Space & Defense Research Market, By Country, 2020-2028 (USD Mllion)

30 Others Market, By Country, 2020-2028 (USD Mllion)

31 Regional Segment: Revenue Growth Analysis

32 North America Commercial Nuclear Power Market: Regional Analysis

33 North America Commercial Nuclear Power Market Overview

34 North America Commercial Nuclear Power Market, By Reactor Type

35 North America Commercial Nuclear Power Market, By Carrier Type

36 North America Commercial Nuclear Power Market, By Application

37 North America Commercial Nuclear Power Market, By Country

38 U.S. Commercial Nuclear Power Market, By Reactor Type

39 U.S. Commercial Nuclear Power Market, By Carrier Type

40 U.S. Commercial Nuclear Power Market, By Application

41 Canada Commercial Nuclear Power Market, By Reactor Type

42 Canada Commercial Nuclear Power Market, By Carrier Type

43 Canada Commercial Nuclear Power Market, By Application

44 Mexico Commercial Nuclear Power Market, By Reactor Type

45 Mexico Commercial Nuclear Power Market, By Carrier Type

46 Mexico Commercial Nuclear Power Market, By Application

47 Four Quadrant Positioning Matrix

48 Company Market Share Analysis

49 BWX Technologies Inc.: Company Snapshot

50 BWX Technologies Inc.: SWOT Analysis

51 BWX Technologies Inc.: Geographic Presence

52 Doosan Heavy Industries & Construction Co. Ltd: Company Snapshot

53 Doosan Heavy Industries & Construction Co. Ltd: SWOT Analysis

54 Doosan Heavy Industries & Construction Co. Ltd: Geographic Presence

55 Mitsubishi Heavy Industries Ltd: Company Snapshot

56 Mitsubishi Heavy Industries Ltd: SWOT Analysis

57 Mitsubishi Heavy Industries Ltd: Geographic Presence

58 GE-Hitachi Nuclear Energy Inc.: Company Snapshot

59 GE-Hitachi Nuclear Energy Inc.: Swot Analysis

60 GE-Hitachi Nuclear Energy Inc.: Geographic Presence

61 Westinghouse Electric Company LLC: Company Snapshot

62 Westinghouse Electric Company LLC: SWOT Analysis

63 Westinghouse Electric Company LLC: Geographic Presence

64 BABCOCK AND WILCOX COMPANY: Company Snapshot

65 BABCOCK AND WILCOX COMPANY: SWOT Analysis

66 BABCOCK AND WILCOX COMPANY: Geographic Presence

67 Exelon Generation Co. LLC : Company Snapshot

68 Exelon Generation Co. LLC : SWOT Analysis

69 Exelon Generation Co. LLC : Geographic Presence

70 Toshiba: Company Snapshot

71 Toshiba: SWOT Analysis

72 Toshiba: Geographic Presence

73 STP Nuclear operating Company.: Company Snapshot

74 STP Nuclear operating Company.: SWOT Analysis

75 STP Nuclear operating Company.: Geographic Presence

76 Bechtel Group Inc.: Company Snapshot

77 Bechtel Group Inc.: SWOT Analysis

78 Bechtel Group Inc.: Geographic Presence

79 Other Companies: Company Snapshot

80 Other Companies: SWOT Analysis

81 Other Companies: Geographic Presence

The North America Commercial Nuclear Power Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the North America Commercial Nuclear Power Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the North America Commercial Nuclear Power market?

The North America Commercial Nuclear Power Market is estimated to be valued at USD 14.3 Billion in 2023 and is projected to reach USD 17.1 Billion by 2028.

Who are the major vendors in the Commercial Nuclear Power market?

The paramount competitors covered in the Commercial Nuclear Power market report are BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi, Heavy Industries Ltd, GE-Hitachi Nuclear Energy Inc., Westinghouse Electric Company LLC, Babcock and Wilcox Company, Exelon Generation Co. LLC, Toshiba, STP Nuclear operating Company, and Bechtel Group Inc among others.

What are the opportunities prevailing in the North America Commercial Nuclear Power market?

The opportunities prevailing in the North America Commercial Nuclear Power market are the rapid advancement of technology. Additionally, it is projected that rising power consumption and increased awareness of renewable energy will hasten industry expansion. The local economy is also expected to grow as a result of government backing for nuclear power reactors in the U.S. region. These innovations will make it possible to use clean hydrogen as a zero-carbon energy source and will be a crucial economic component for nuclear power plants, which has raised the demand for Commercial Nuclear Power in North America region

What are the major drivers in the Commercial Nuclear Power market?

The primary factor fuelling the expansion of the North America Commercial Nuclear Power market is the growing nuclear power plants industry. The market for commercial nuclear power is primarily also driven by an expansion in global industrialization and R&D initiatives in a number of different nations.