Nuclear Power - The Global Market is Forecast to Exceed $245 Billion by 2026 - ResearchAndMarkets.com
Tuesday, August 28, 2018 at 9:32PM
Uranium Stocks

DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Nuclear Power - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the market accounted for $100.11 billion in 2017 and is expected to reach $245.88 billion by 2026 growing at a CAGR of 10.4%.

Some of the key factors propelling the market growth are increasing demand for energy from industrial and residential sectors, rising applications of nuclear energy from emerging economies and technological advancements.

However, huge costs of storing and monitoring radioactive waste generated in nuclear energy plants is inhibiting the growth of the market.

By Reactor Type, the Pressurized Water Reactor (PWR) segment is dominating the market during the forecast period due to rising rates of installation.

North America is leading the nuclear power market owing to the large-scale installations in the U.S. However, Europe environmental regulations have also encouraged countries such as Germany, France and Spain to invest in the nuclear energy market.

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