Market Size of United States Nuclear Power Plant Equipment Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Nuclear Power Plant Equipment Market Analysis
During the time frame of the forecast, the US nuclear power plant equipment market is expected to register at a CAGR of more than 2%.
In 2020, COVID-19 negatively impacted the market. Presently, the market is likely to reach pre-pandemic levels.
- Over the medium term, the significant contribution of nuclear energy to reducing GHG emissions while fulfilling the increasing energy demands of a growing population and supporting sustainable development in the country is expected to drive the market during the forecast period.
- On the other hand, the growth of the market is being slowed by more competition from natural gas and renewable energy sources.
Nevertheless, rising investments in small modular reactors are expected to be a significant growth opportunity for the market during the forecast period.
