Nuclear Energy Market Grows Through AI and Defense Demand

The global nuclear energy market is undergoing a recovery fueled by decarbonization goals, the adoption of safer technologies, and the massive power requirements of cloud infrastructure and artificial intelligence. Grand View Research projects the market will maintain a compound annual growth rate of 4.9% from 2026 through 2033.

BWX Technologies, a North American producer of nuclear fuel systems and specialized components, has emerged as a primary indicator of this industry trend. The company reported that its backlog grew 50% year-over-year, reaching $7.3 billion by the end of 2025.

This growth is attributed to a combination of orders from the United States Navy, a rebounding commercial nuclear sector, and the ongoing development of small modular reactors.