United States Nuclear Power Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

The United States nuclear power market was valued at USD 14.23 Billion in 2024 . The industry is expected to grow at a CAGR of 1.60% during the forecast period of 2025-2034 to attain a valuation of USD 16.68 Billion by 2034 .

United States Nuclear Power Market Outlook

As per the United States nuclear power plant industry analysis, there are around 94 nuclear power reactors in the country (one of them is the newly launched reactor in Georgia from 2024), and they generate around 18.6% of the entire electricity of the United States as of 2023, which creates a lucrative landscape for the market. Moreover, the USA accounts for about 30% of the nuclear electricity worldwide and is known as the largest producer of nuclear power in the world.

The rising demand for electricity in the country is one of the prominent factors fuelling the growth of the United States nuclear power market. Nuclear plants are crucial in powering a significant amount of residential complexes, schools, hospitals, and commercial establishments in the country, which boosts its demand.

According to the United States Nuclear Power Market Regional Insight, the Far West Leads the Market Share

• The Far West leads with a 1.9% CAGR, driven by ongoing investments in maintaining and upgrading existing nuclear facilities.
• The Rocky Mountain region follows with a 1.7% growth rate, reflecting steady demand for nuclear energy as part of the region's energy mix.
• As per the United States nuclear power market dynamics and trends, both the Southwest and Southeast regions show growth rates of 1.6%, supported by the continued reliance on nuclear power for stable and reliable energy generation.
• New England and the Mideast regions exhibit growth rates of 1.5% and 1.4%, respectively, influenced by a balanced energy strategy that includes nuclear power.

The Plains and Great Lakes regions, with slower growth rates of 1.3% and 1.2%, likely reflect more mature markets with less emphasis on nuclear expansion.

These trends highlight the steady yet limited growth of the nuclear power market across the United States, with regional variations influenced by energy policies and infrastructure investments.

United States Nuclear Power Market Growth is Driven by Increased Use of Pressurized Water Reactors (PWR) in US Nuclear Fleet

• Pressurized Water Reactors (PWR) lead with a 1.8% CAGR, reflecting their widespread use and established technology in the U.S. nuclear fleet.
• Boiling Water Reactors (BWR) follow with a 1.7% growth rate, supported by their significant presence in the current nuclear infrastructure.
• Pressurized Heavy Water Reactors (PHWR) fuel the United States nuclear power market value at 1.6% CAGR, driven by their efficiency in using natural uranium.
• Fast Breeder Reactors (FBR), with a 1.5% growth rate, represent a smaller but growing segment focused on advanced nuclear technologies and sustainability.

The Others category, which includes less common reactor types, grows at a 1.4% rate, indicating limited expansion in niche technologies.

These trends underscore the continued reliance on established reactor technologies, with gradual growth driven by maintenance, upgrades, and the potential adoption of advanced reactors.

Rising Demand for Stable Energy Sources Boost the United States Nuclear Power Market Share

• Electricity Generation leads with a 1.9% CAGR, reflecting its primary role in the nuclear power sector and the ongoing need for stable and reliable energy sources.
• Research and Development boosts United States nuclear power demand at a 1.8% growth rate, driven by advancements in nuclear technology and the exploration of new applications.
• Medical Isotopes Production shows a 1.6% CAGR, supported by the increasing demand for nuclear medicine and diagnostic imaging.
• Industrial Applications exhibit a slower growth rate of 1.4%, reflecting niche uses of nuclear technology in industries such as materials testing and process heat.

The Others category, encompassing less common applications, can also offer United States nuclear power market opportunities at a 1.3% rate, indicating a smaller market share.

These trends highlight the diverse roles of nuclear technology, with electricity generation and R&D leading the market expansion.

Key Questions Answered in This Report:

• How has the United States nuclear power market performed historically, and what are the growth expectations for the future?
• What are the primary factors influencing demand and growth in the United States nuclear power market?
• What are the key segments within the United States nuclear power market, and how are they expected to evolve over the forecast period?
• What are the major challenges and opportunities facing stakeholders in the United States nuclear power market?
• Who are the key players in the United States nuclear power market, and what strategies are they employing to maintain a competitive edge?
• What are the regulatory and policy factors influencing the United States nuclear power market globally or regionally?
• How competitive is the United States nuclear power market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
• What are the current trends shaping the United States nuclear power market landscape, and how are they expected to evolve in the future?
• How are technological advancements impacting the United States nuclear power market, and what role do innovation and R&D play in driving growth?
• What are the consumer preferences and buying behavior trends influencing the United States nuclear power market?
• How sustainable are current growth rates in the United States nuclear power market, and what factors could potentially disrupt these trends?
• What are the regional dynamics within the United States nuclear power market, and how do they contribute to overall market growth?
• What are the economic factors influencing the United States nuclear power market, such as GDP growth, inflation rates, and currency fluctuations?
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States nuclear power market?
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States nuclear power market?
• What are the regulatory and legal frameworks impacting the United States nuclear power market globally or in key regions?
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States nuclear power market?
• What are the emerging market trends and niche opportunities within the United States nuclear power market that stakeholders should be aware of?
• How resilient is the United States nuclear power market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
• What are the potential barriers to market entry and growth for new players in the United States nuclear power market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States nuclear power market spanning from 2018 to 2034.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States nuclear power industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States nuclear power market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States nuclear power market landscape.