floating nuclear power plant Market Report 2025 (Global Edition)

Global floating nuclear power plant Market Report 2025 Market Size Split by Reactor Type (Pressurized Water Reactors, Small Modular Reactors, Advanced Reactors, Others), by Application (Power Generati...

floating nuclear power plant Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape of the Floating Nuclear Power Plant Market

The Floating Nuclear Power Plant (FNPP) market is competitive, with key players advancing technologies for safe, scalable, and efficient floating nuclear reactors. Additionally, private companies like Oklo and Seaborg Technologies are exploring innovative, compact reactor designs. Competition centres around technological advancements, regulatory compliance, cost efficiency, and securing governmental and private sector investments to bring FNPPs to market.

In May 2021, Adani Green Energy Ltd. (AGEL) signed an agreement to purchase SB Energy India from SoftBank Group (SBG) and Bharti Group. This acquisition is likely to enhance the company's renewable energy portfolio worth 4,954 MW. (Source: https://www.adanigreenenergy.com/newsroom/media-releases/adani-green-energy-to-acquire-sb-energys-5-gw-india-renewable-power-portfolio) In April 2023, Wartsila, Hoegh LNG, IFE, University of South-East Norway, Sustainable Energy, and BASF SE secured around EUR 5.9 million in funding from the Norwegian Government. (Source: https://www.wartsila.com/media/news/13-04-2023-wartsila-hoegh-lng-and-partners-receive-funding-of-5-9-million-euros-for-major-clean-energy-initiative-3519586)

Top Companies Market Share in floating nuclear power plant Industry: (In no particular order of Rank)

• Rosatom State Nuclear Energy Corporation
• China National Nuclear Corporation (CNNC)
• Westinghouse Electric Company
• NuScale Power Corporation
• Korea Electric Power Corporation (KEPCO)
• GE Hitachi Nuclear Energy
• OKBM Afrikantov
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Floating Nuclear Power Plant Market

Which Region Dominates the Floating Nuclear Power Plant Market in 2025?

According to Cognitive Market Research, North America currently dominates the Floating Nuclear Power Plants market, and the region is expected to have significant growth during the projected period through strong government support, technological innovation, and substantial investments in clean energy initiatives.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to increasing energy demand, particularly in island nations and remote areas.

The current report Scope analyzes floating nuclear power plant Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America floating nuclear power plant Market Analysis

According to Cognitive Market Research, the global Floating Nuclear Power Plant market size was estimated at USD 7214.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2885.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.

• According to Cognitive Market Research, the US had a major share in the Floating Nuclear Power Plant market with a market size of USD 2276.90 million in 2025 and is projected to grow at a CAGR of 5.0% during the forecast period due to the advancements in modular reactor technology.
• The Canada Floating Nuclear Power Plant market had a market share of USD 346.30 million in 2025 and is projected to grow at a CAGR of 6.0% during the forecast period due to the growing need for resilient energy solutions in remote and disaster-prone coastal areas.
• The Mexico Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 262.61 million in 2025.

Europe floating nuclear power plant Market Analysis

According to Cognitive Market Research, the global Floating Nuclear Power Plant market size was estimated at USD 7214.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2164.35 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.

• The United Kingdom Floating Nuclear Power Plant market had a market share of USD 363.61 million in 2025 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Floating Nuclear Power Plant sales witness an upswing due to the increasing need for reliable energy sources.
• The France Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 199.12 million in 2025.
• According to Cognitive Market Research, the German Floating Nuclear Power Plant market size was valued at USD 428.54 million in 2025 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, the Floating Nuclear Power Plant surged due to the increasing investment in advanced nuclear technologies.
• The Italy Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 186.13 million in 2025.
• The Russia Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 335.47 million in 2025.
• The Spain Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 177.48 million in 2025
• The Luxembourg Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 67.09 million in 2025.
• The Portugal Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 45.45 million in 2025.
• The Greece Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 25.97 million in 2025.
• The Rest of Europe's Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 335.47 million in 2025.

Asia Pacific floating nuclear power plant Market Analysis

According to Cognitive Market Research, the global Floating Nuclear Power Plant market size was estimated at USD 7214.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1659.34 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.

• According to Cognitive Market Research, the China Floating Nuclear Power Plant market size was valued at USD 746.70 million in 2025 and is projected to grow at a CAGR of 8.5% during the forecast period. Floating Nuclear Power Plant surged in China due to growing investment in advanced nuclear technologies.
• The Japan Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 228.99 million in 2025.
• The India Floating Nuclear Power Plant market had a market share of USD 199.12 million in 2025 and is projected to grow at a CAGR of 10.8% during the forecast period due to the government initiatives promoting nuclear energy as a low-carbon alternative .
• The South Korean Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 165.93 million in 2025.
• The Australian Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 86.29 million in 2025.
• The South East Asia Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 114.49 million in 2025.
• The Rest of Asia Pacific Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 117.81 million in 2025.

South America floating nuclear power plant Market Analysis

According to Cognitive Market Research, the global Floating Nuclear Power Plant market size was estimated at USD 7214.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 360.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2033.

• According to Cognitive Market Research, the Brazil Floating Nuclear Power Plant market size was valued at USD 154.39 million in 2025 and is projected to grow at a CAGR of 7.0% during the forecast period. Floating Nuclear Power Plants flourished in Brazil due to strategic interest in utilizing offshore locations for energy generation.
• Argentina's Floating Nuclear Power Plant market had a market share of USD 60.60 million in 2025 and is projected to grow at a CAGR of 7.3% during the forecast period due to the government initiatives promoting alternative energy solutions .
• Colombia's Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 32.10 million in 2025.
• Peru Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 29.58 million in 2025.
• Chile's Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 25.97 million in 2025.
• The Rest of Latin America's Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 58.08 million in 2025.

Middle East floating nuclear power plant Market Analysis

According to Cognitive Market Research, the global Floating Nuclear Power Plant market size was estimated at USD 7214.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 144.29 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033..

• The GCC Countries Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 61.76 million in 2025. Floating Nuclear Power Plant sales flourish due to government initiatives and investments.
• The Egypt Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 15.15 million in 2025.
• The South Africa Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 22.80 million in 2025. Floating Nuclear Power Plant sales flourished in South Africa due to a growing focus on sustainable and off-grid energy solutions.
• The Turkey Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 12.41 million in 2025.
• The Nigeria Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 15.15 million in 2025.
• The Rest of the MEA Floating Nuclear Power Plant market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 17.03 million in 2025.

floating nuclear power plant Market Analysis

How are Segments Performing in the Global Floating Nuclear Power Plant Market?

Floating Nuclear Power Plant Market Reactor Type Segment Analysis

According to Cognitive Market Research, pressurized water reactors are likely to dominate the Floating Nuclear Power Plant Market over the forecast period due to their proven safety, efficiency, and adaptability to marine environments. PWR technology is widely used in traditional nuclear plants, making it the preferred choice for FNPPs, offering reliable performance and minimizing the risks of radiation leaks.

The small modular reactor is the fastest-growing segment in the Floating Nuclear Power Plant Market due to its compact size, enhanced safety features, and lower capital costs. SMRs offer scalable solutions for offshore energy generation, making them ideal for FNPPs, with fewer regulatory hurdles and shorter construction timelines.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of floating nuclear power plant Industry. Request a Free Sample PDF!

Floating Nuclear Power Plant Market Capacity Segment Analysis

According to Cognitive Market Research, the medium-scale (100-500 MW) segment holds the largest share of the market due to its optimal balance between energy output and cost-efficiency. These plants are large enough to provide reliable power to coastal or remote areas while being more flexible and economically feasible than larger reactors, making them attractive for various regions.

In the Floating Nuclear Power Plant Market, the medium-scale (100-500 MW) sector has been expanding at a rapid pace due to its balanced capacity, offering efficient energy production without the high costs of large-scale plants. These reactors are more adaptable for remote or offshore locations, providing a viable and scalable solution for decentralized power generation.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

floating nuclear power plant Capacity Segment Analysis

Floating Nuclear Power Plant Market End-Use Segment Analysis

According to Cognitive Market Research, the power generation segment holds the largest market share due to the growing demand for reliable, low-carbon energy sources. FNPPs provide a sustainable and efficient solution for power generation, particularly in remote or coastal regions, helping meet energy needs while reducing dependency on fossil fuels and mitigating environmental impacts.

In the Floating Nuclear Power Plant market, the rapidly growing sector is the water desalination category due to FNPPs' ability to provide reliable, clean energy in offshore locations. This energy supports desalination processes, offering a sustainable solution for producing freshwater in water-scarce regions, thus driving FNPP market growth.

• Small-scale
• Medium-scale
• Large-scale

floating nuclear power plant Cooling System Segment Analysis

• Seawater-Cooled Systems
• Closed-Loop Water Systems
• Air-Cooled Systems

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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