Global Nuclear Power Steam Turbine Market Growth 2025-2031

The global Nuclear Power Steam Turbine market size is predicted to grow from US$ 579 million in 2025 to US$ 684 million in 2031; it is expected to grow at a CAGR of 2.8% from 2025 to 2031.

A Nuclear Power Steam Turbine is a type of steam turbine specifically designed to convert thermal energy generated in nuclear reactors into mechanical energy, which is then used to produce electricity. These turbines operate with steam produced from the heat generated by nuclear fission in the reactor core. Nuclear steam turbines are typically large, high-capacity machines engineered for long-term reliability and efficiency.

The market for nuclear power steam turbines is shaped by the demand for reliable, large-scale electricity generation and the global shift toward low-carbon energy sources. Nuclear power remains a significant contributor to base-load power generation, particularly in countries focused on reducing greenhouse gas emissions.

Market Drivers

Demand for Clean Energy: Governments are increasingly supporting nuclear energy to meet climate goals and reduce reliance on fossil fuels. Base-Load Power Needs: Nuclear plants provide consistent, uninterrupted power supply, driving demand for reliable steam turbines. Technological Advancements: Innovations in turbine design enhance efficiency and operational safety.

Market Restraints

High Initial Investment: The high cost of nuclear power plants, including steam turbines, can be a barrier to market growth. Public Safety Concerns: Challenges related to nuclear waste management and public perception may limit new projects in certain regions.

Market Opportunities

Modernization of Aging Plants: Retrofitting older plants with advanced turbines to improve efficiency and lifespan. Emerging Economies: Growing electricity demand in developing countries supports investments in nuclear energy infrastructure.

LP Information, Inc. (LPI) ' newest research report, the “Nuclear Power Steam Turbine Industry Forecast” looks at past sales and reviews total world Nuclear Power Steam Turbine sales in 2024, providing a comprehensive analysis by region and market sector of projected Nuclear Power Steam Turbine sales for 2025 through 2031. With Nuclear Power Steam Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nuclear Power Steam Turbine industry.

This Insight Report provides a comprehensive analysis of the global Nuclear Power Steam Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nuclear Power Steam Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Nuclear Power Steam Turbine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nuclear Power Steam Turbine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nuclear Power Steam Turbine.

This report presents a comprehensive overview, market shares, and growth opportunities of Nuclear Power Steam Turbine market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
500-2,000 MW
Below 500 MW

Segmentation by Application:
Pressurized Water Reactors (PWR)
Boiling Water Reactors (BWR)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Arabelle
Power Machines
Shanghai Electric
Dongfang Electric
Harbin Electric
Toshiba
Doosan
Siemens
Mitsubishi Power
GE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nuclear Power Steam Turbine market?

What factors are driving Nuclear Power Steam Turbine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nuclear Power Steam Turbine market opportunities vary by end market size?

How does Nuclear Power Steam Turbine break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.