The North America nuclear power plant and equipment market size reached around USD 15.03 Billion in 2025. The market is projected to grow at a CAGR of 4.00% between 2026 and 2035, reaching almost USD 22.25 Billion by 2035.
Base Year
Historical Period
Forecast Period
The United States of America accounts for 30% of the world’s nuclear power generation.
Public Utilities are expected to constitute a major portion of the North America nuclear power plant and equipment market share.
Canada is expected to witness a significant increase in the demand for nuclear power plants and equipment in upcoming years.
Compound Annual Growth Rate
4%
Value in USD Billion
2026-2035
*this image is indicative*
Nuclear power is responsible for meeting 20% of the total electricity demand in the United States. Even a modest increase in the consumption of electricity could trigger a wide gap between the supply and demand for nuclear power, which currently accounts for 55% of the carbon-free electricity generation in the United States. To avoid this, 55 GWe of new nuclear power capacity has to be established in the United States by 2035. This is expected to drive the North America nuclear power plant and equipment market expansion over the forecast period.
Improvements in safety systems and refuelling and maintenance processes in nuclear power plants have led to a reduction in the cost of nuclear power generation in the United States and Canada. This is expected to increase the nuclear power production in the region, thereby fuelling the North America nuclear power plant and equipment market growth over the forecast period.
The provision of various laws, such as the Inflation Reduction Act of 2022, which favour the expansion of existing facilities and construction of new nuclear power plants are expected to drive the North America nuclear power plant and equipment market growth in the coming years.
North America Nuclear Power Plant and Equipment Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Reactor Type
Market Breakup by Equipment Type
Market Breakup by Application
Market Breakup by Country
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The market was valued at nearly USD 15.03 Billion in 2025.
The market is projected to grow at a CAGR of 4.00% between 2026 and 2035.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 22.25 Billion in 2035.
The different reactor types in the market include pressurised water reactor (PWR), pressurised heavy water reactor (PHWR), boiling water reactor (BWR), boiling water reactor, and gas cooled reactor (GCR), among others.
The different equipment types in the market include island equipment and auxiliary equipment.
The different applications of nuclear power plant and equipment are military, and public utilities, among others.
The major countries in the market include the United States of America and Canada.
The key market players are GE-Hitachi Nuclear Energy Ltd., Toshiba Corp. (Toshiba Energy Systems & Solutions Corporation), Doosan Corp., Mitsubishi Heavy Industries Ltd., BWX Technologies Inc., Nuscale Power Corp., Westinghouse Electric Company LLC, and Terrestrial Energy Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Reactor Type |
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| Breakup by Equipment Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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