The Global Nuclear Power Plant Equipment Market size was USD 31.72 billion in 2020. The market is projected to grow from USD 32.44 billion in 2021 to USD 38.82 billion in 2030, growing at a CAGR of 2.6% in the 2021-2030 period. The global market is expected to expand in the coming years as more countries move to cleaner energy generation methods. The beginning of the nuclear renaissance is expected to increase nuclear power generation capacity even higher. Nuclear power makes use of the energy generated when an atom is split during a fission reaction. Nuclear fission takes place in a controlled atmosphere in a nuclear power plant, and it creates a significant quantity of heat.

The Global Nuclear Power Plant Equipment Market size was USD 31.72 billion in 2020. The market is projected to grow from USD 32.44 billion in 2021 to USD 38.82 billion in 2030, growing at a CAGR of 2.6% in the 2021-2030 period. The global market is expected to expand in the coming years as more countries move to cleaner energy generation methods. The beginning of the nuclear renaissance is expected to increase nuclear power generation capacity even higher. Nuclear power makes use of the energy generated when an atom is split during a fission reaction. Nuclear fission takes place in a controlled atmosphere in a nuclear power plant, and it creates a significant quantity of heat.