Nuclear Powered Merchant Vessels

Nuclear Powered Merchant Vessels Market Outlook

The global nuclear powered merchant vessels market is projected to reach approximately USD 12 billion by 2035, growing at a robust compound annual growth rate (CAGR) of around 5.8% during the forecast period. This expansion is primarily driven by the increasing demand for sustainable and efficient shipping solutions, alongside the rising costs of conventional maritime fuel sources. Additionally, advancements in nuclear technology and increasing environmental regulations are prompting shipping companies to explore nuclear power as a viable and efficient alternative for long-distance maritime operations. Furthermore, the escalating demand for bulk and container transportation across global trade routes is expected to significantly boost the market, as nuclear powered vessels offer a compelling solution to fulfill this demand while minimizing carbon emissions.

Growth Factor of the Market

One of the main growth factors for the nuclear powered merchant vessels market is the global push towards decarbonization in the shipping industry. As nations strive to reduce greenhouse gas emissions, nuclear propulsion emerges as an environmentally sustainable solution that can deliver substantial reductions in carbon footprints over traditional fossil fuel alternatives. Furthermore, the increasing cost of maritime fuel is a critical driver, compelling shipping companies to seek out more economical long-term solutions. The durability and longevity of nuclear reactors serve to mitigate operational costs, making them an attractive option for fleet operators. Additionally, geopolitical stability and the rise in international trade can lead to an uptick in demand for efficient cargo transport, further enhancing the market potential for nuclear powered vessels. Lastly, government support through subsidies and regulatory frameworks aimed at promoting nuclear technologies can further bolster market growth, fueling investments in the development and deployment of innovative nuclear maritime solutions.

Key Highlights of the Market

• The global nuclear powered merchant vessels market is expected to grow at a CAGR of 5.8% from 2025 to 2035.
• North America is projected to hold a significant share due to its advanced nuclear technology and robust maritime infrastructure.
• Container ships are anticipated to dominate the vessel type segment due to the increasing trade of goods internationally.
• The adoption of hybrid propulsion systems is on the rise, presenting new opportunities for innovation in the market.
• Environmental regulations aimed at reducing emissions are driving the shift towards nuclear power in the shipping industry.

By Vessel Type

Bulk Carriers:

Bulk carriers represent a significant segment in the nuclear powered merchant vessels market due to their capability to transport large quantities of unpackaged bulk cargo, such as grains, minerals, and coal. The advantage of utilizing nuclear propulsion in bulk carriers lies in their ability to maintain high operational efficiency and reduce fuel costs, which is crucial given the volume and weight of the cargo typically transported. These vessels often operate on long-haul routes, where the endurance provided by nuclear power can significantly enhance operational capabilities, enabling uninterrupted voyages and reducing the frequency of refueling. Furthermore, the growing global demand for raw materials and commodities in various industries reinforces the need for bulk carriers, positioning them as a key component in the nuclear powered maritime fleet.

Container Ships:

Container ships are poised to dominate the nuclear powered merchant vessels market due to the escalating global demand for containerized cargo transport. These vessels are characterized by their efficiency in transporting goods across international boundaries, making them essential for global trade. With advancements in nuclear technology, container ships equipped with nuclear propulsion systems can achieve faster transit times with fewer emissions compared to traditional vessels. The reliability and extended operational range provided by nuclear power make container ships highly attractive for major shipping companies aiming to enhance their service offerings. Moreover, the growing emphasis on sustainability and regulatory compliance regarding emissions is likely to accelerate the adoption of nuclear powered container ships in the coming years.

Oil Tankers:

Oil tankers play a critical role in the global energy supply chain, transporting crude oil and refined petroleum products worldwide. The nuclear powered variant of these vessels offers substantial benefits in terms of fuel efficiency and reduced environmental impact. As the oil market continues to expand, the need for efficient and reliable transportation methods becomes imperative, which is where nuclear-powered oil tankers can provide significant advantages. These ships benefit from the ability to operate for extended periods without the need for refueling, thus ensuring a consistent and reliable service. Furthermore, stringent international regulations on emissions are compelling tanker operators to consider nuclear solutions as a viable option to meet compliance standards while maintaining their operational effectiveness.

Chemical Tankers:

Chemical tankers are specialized vessels designed for transporting various chemicals, including hazardous substances. The adoption of nuclear propulsion systems in this category of vessels is increasingly recognized for its potential to enhance safety and operational efficiency. Given the nature of the cargo, chemical tankers must adhere to strict safety and environmental regulations, making nuclear power an appealing option due to its lower emissions and operational reliability. With nuclear technology's capacity to provide sustained power over long voyages, chemical tankers can operate with minimized risk and reduced logistical challenges associated with frequent refueling. This positions nuclear powered chemical tankers as a forward-thinking solution for the future of chemical transportation globally.

LNG Carriers:

LNG carriers are essential for the transportation of liquefied natural gas, a rapidly growing segment due to the global shift towards cleaner energy sources. The integration of nuclear propulsion systems in LNG carriers can substantially enhance their efficiency and reliability, addressing the increasing energy demands while adhering to stringent environmental regulations. Nuclear-powered LNG carriers can operate over long distances without the need for frequent refueling, thereby increasing their operational range and market competitiveness. Moreover, the long-term economic advantages and reduced environmental footprint associated with nuclear power make these vessels an attractive investment for companies looking to capitalize on the burgeoning LNG market.

By Reactor Type

Pressurized Water Reactor:

The pressurized water reactor (PWR) is one of the most commonly utilized reactor types in nuclear powered vessels due to its proven technology and reliability. PWRs operate by maintaining water under high pressure, preventing it from boiling, and utilizing this heated water to produce steam that drives turbines. The robust design and safety features of PWRs make them suitable for maritime applications, providing a stable and continuous power source for long-haul shipping operations. As nuclear technology evolves, the adaptation of PWRs for merchant vessels is expected to grow, enhancing operational efficiency and safety standards within the industry.

Liquid Metal Cooled Reactor:

Liquid metal cooled reactors (LMCRs) utilize liquid metals such as sodium or lead to transfer heat, providing several advantages over traditional water-cooled systems. LMCRs offer higher thermal efficiency and can operate at elevated temperatures, which is particularly beneficial for maritime applications requiring high power output. The compact design and reduced risk of overheating make LMCRs an attractive option for nuclear powered vessels, facilitating the development of smaller, more efficient ships. As the demand for innovative propulsion solutions continues to rise, LMCRs are poised to play a pivotal role in the future of nuclear powered merchant shipping.

Gas Cooled Reactor:

Gas cooled reactors (GCRs) are characterized by their use of gas as a coolant, typically carbon dioxide or helium. This reactor type offers distinct advantages in terms of safety and efficiency, as the lower pressure operation reduces the risk of catastrophic failure. The adaptability of GCRs for maritime applications allows for flexible designs and configurations, making them suitable for various vessel types. These reactors can provide high thermal efficiency and sustainability, aligning with the growing emphasis on minimizing environmental impacts in the shipping industry. As research and development in GCR technology progresses, its application in nuclear powered merchant vessels is expected to gain traction.

Molten Salt Reactor:

Molten salt reactors (MSRs) present a novel approach to nuclear propulsion, utilizing molten salts as both coolant and fuel. This technology offers several benefits, including enhanced safety features and the potential for higher efficiency compared to traditional reactors. The inherent safety mechanisms associated with MSRs, such as low pressure operation and passive cooling capabilities, make them appealing for maritime applications. As the shipping industry explores new avenues for sustainable propulsion, MSRs could offer promising solutions, particularly as technological advancements continue to evolve and mature.

Fast Neutron Reactor:

Fast neutron reactors (FNRs) utilize fast neutrons to sustain nuclear fission, allowing them to efficiently utilize a broader range of fuels, including depleted uranium and thorium. This flexibility presents significant advantages for nuclear powered merchant vessels, as it can lead to improved fuel efficiency and sustainability. The ability of FNRs to breed fuel while operating enhances the long-term viability of nuclear propulsion in shipping. The implementation of FNR technology holds great promise for reducing environmental impacts and meeting stringent emissions regulations, making them a valuable asset in the evolution of nuclear powered maritime operations.

By Application

Cargo Transportation:

Cargo transportation is a major application for nuclear powered merchant vessels, enabling the efficient movement of goods across vast distances. The use of nuclear propulsion enhances the operational capabilities of these vessels, allowing them to undertake long-haul routes without the need for frequent refueling. This not only improves delivery times but also reduces operational costs associated with downtime. As global trade continues to expand, nuclear powered cargo vessels are poised to play a crucial role in meeting the increasing demand for efficient transportation solutions, particularly in scenarios where traditional fuel sources may be limited or subject to price volatility.

Container Transportation:

Container transportation is a vital segment of the shipping industry, accounting for a significant portion of global trade. Nuclear powered container ships are increasingly being recognized for their potential to enhance efficiency, reliability, and sustainability in transporting containerized cargo. The ability of nuclear propulsion systems to provide a continuous power supply over extended periods allows these vessels to operate at higher speeds and with greater cargo capacity, making them an attractive option for shipping companies looking to meet the growing demands of international trade. Furthermore, the reduced emissions associated with nuclear power align with the industry’s goals of minimizing environmental impacts.

Oil & Gas Transportation:

Oil and gas transportation is critical for maintaining energy security and supporting global economies. The integration of nuclear power into oil and gas transportation vessels represents a shift towards more sustainable practices within the industry. Nuclear powered tankers can operate over long distances with minimal environmental impact, addressing the growing concerns over emissions and pollution associated with traditional fuel sources. The reliability and endurance of nuclear propulsion systems enhance the competitiveness of these vessels in the energy transportation market, allowing operators to optimize their routes and reduce operational costs associated with frequent refueling.

Chemical Transportation:

Chemical transportation is a specialized segment requiring strict adherence to safety and environmental regulations. Nuclear powered chemical tankers offer a unique solution by providing a reliable and efficient means of transporting hazardous materials. The operational advantages of nuclear propulsion, including extended operational ranges and reduced fuel costs, make these vessels an attractive option for chemical manufacturers and shipping companies alike. As the demand for chemical products continues to rise globally, the adoption of nuclear powered vessels for chemical transportation could play a significant role in enhancing the industry's sustainability and operational effectiveness.

By Propulsion Type

Nuclear Propulsion:

Nuclear propulsion represents a groundbreaking advancement in marine technology, offering the ability to power vessels with minimal emissions and extended operational capabilities. The inherent advantages of nuclear propulsion systems lie in their efficiency and sustainability, allowing vessels to operate for extended periods without the need for refueling. As global trade demands increase, the ability to maintain consistent service without interruptions becomes paramount. Nuclear powered vessels can achieve higher speeds and enhanced performance, making them an attractive option for shipping companies seeking to optimize their fleet capabilities while adhering to stringent environmental regulations.

Hybrid Propulsion:

Hybrid propulsion systems combine traditional fuel sources with nuclear power, offering a flexible and versatile solution for merchant vessels. This hybrid model allows for optimized fuel consumption and reduced emissions while maintaining the operational reliability of nuclear energy. The integration of hybrid propulsion can enable vessels to adapt to varying operational demands, balancing the benefits of nuclear power with the reliability of conventional fuels. As the maritime industry continues to explore innovative approaches to enhance sustainability, hybrid propulsion is poised to gain traction, providing a transitional solution for companies looking to embrace nuclear technology gradually.

By Region

The North American region is expected to dominate the nuclear powered merchant vessels market, accounting for approximately 35% of the total market share by 2035. This dominance is attributed to the region's advanced nuclear technology infrastructure, significant investments in maritime operations, and an established shipping industry that is increasingly looking for sustainable solutions. The U.S. and Canada have been at the forefront of nuclear energy development, and their commitment to reducing emissions aligns with the growing trend of adopting nuclear propulsion for merchant vessels. The region's regulatory framework also supports the development and deployment of nuclear technologies, fostering an environment conducive to innovation and growth.

In Europe, the nuclear powered merchant vessels market is anticipated to grow steadily, with a projected CAGR of 5.5% during the forecast period. European countries are actively pursuing policies aimed at reducing carbon emissions, and nuclear propulsion is seen as a viable option to achieve these goals. The increasing focus on sustainability and stringent environmental regulations across Europe are likely to drive demand for nuclear powered vessels as shipping companies aim to remain competitive in a rapidly evolving market. Furthermore, investment in research and development of nuclear technologies within Europe will bolster advancements in this sector, paving the way for a more robust nuclear maritime fleet.

Opportunities

The nuclear powered merchant vessels market presents numerous opportunities for growth and innovation, particularly as the global shipping industry seeks to enhance its sustainability initiatives. With the increasing emphasis on reducing carbon emissions and adhering to stringent environmental regulations, shipping companies are more inclined to invest in nuclear propulsion technology. The prospect of developing new, more efficient reactor designs tailored for maritime applications can significantly enhance performance and safety standards, thus driving market growth. Additionally, as technological advancements continue to evolve, there is potential for the development of smaller, modular nuclear reactors that can be integrated into a wider range of vessel types, expanding the market reach for nuclear powered maritime solutions.

Another significant opportunity lies in collaborative efforts between governments, research institutions, and the shipping industry to promote the adoption of nuclear technology in merchant vessels. By fostering partnerships and providing incentives, stakeholders can accelerate the development and deployment of nuclear powered ships, paving the way for a more sustainable shipping future. Furthermore, the growing interest in hybrid propulsion systems that combine nuclear energy with traditional fuels presents an opportunity for innovation, enabling shipping companies to transition gradually toward fully nuclear powered fleets. By addressing technological and regulatory challenges, the nuclear powered merchant vessels market can capitalize on the global shift toward decarbonization and sustainable shipping practices.

Threats

Despite the promising outlook for the nuclear powered merchant vessels market, several threats could hinder its growth trajectory. One of the primary concerns is the public perception surrounding nuclear technology, which often invokes fear and hesitance due to historical accidents and safety concerns. This public apprehension can impact regulatory approvals and hinder the widespread adoption of nuclear powered vessels, as stakeholders may be reluctant to invest in technologies perceived as risky. Additionally, the complex regulatory landscape governing nuclear energy and its applications can pose significant barriers, requiring extensive compliance measures that could slow down the development and deployment of nuclear powered vessels.

Another potential threat is the fluctuating global energy market, which can influence the economic feasibility of nuclear propulsion compared to traditional maritime fuels. Should the prices of conventional fuels decrease significantly, shipping companies may opt to stick with traditional propulsion systems rather than invest in nuclear technology. Moreover, the high initial capital investment required for building and maintaining nuclear powered vessels may deter smaller shipping companies from entering the market, potentially leading to a concentration of market power among larger players. Addressing these challenges through effective communication, regulatory simplification, and economic incentives will be crucial for the successful development of the nuclear powered merchant vessels market.

Competitor Outlook

• General Dynamics Electric Boat
• Westinghouse Electric Company LLC
• Rolls-Royce Holdings plc
• Areva SA
• Babcock International Group PLC
• Northrop Grumman Corporation
• Thyssenkrupp AG
• Siemens AG
• China Shipbuilding Industry Corporation
• Lockheed Martin Corporation
• Korean Shipbuilding & Offshore Engineering
• ABB Ltd.
• Huntington Ingalls Industries
• Daewoo Shipbuilding & Marine Engineering Co., Ltd.
• Russian State Atomic Energy Corporation (Rosatom)
• Groupe Naval

The competitive landscape of the nuclear powered merchant vessels market is characterized by a mix of established maritime and defense players, along with emerging companies focused on nuclear technology innovation. Major firms such as General Dynamics Electric Boat and Northrop Grumman Corporation are leveraging their expertise in nuclear propulsion to develop advanced maritime solutions tailored for commercial applications. These companies benefit from strong financial positions and extensive research and development capabilities, enabling them to drive innovation and address the evolving needs of the shipping industry. Additionally, partnerships between traditional maritime companies and nuclear technology developers are becoming increasingly common, fostering collaborative efforts to enhance the efficiency and safety of nuclear powered vessels.

The entry of companies like Rolls-Royce Holdings and Areva into the nuclear powered merchant vessels market underscores the industry's growing interest in sustainable maritime solutions. These organizations are focusing on R&D efforts to create next-generation nuclear propulsion systems that prioritize safety and sustainability. With significant investments being made in advanced reactor designs and hybrid propulsion technologies, the competitive landscape is rapidly evolving, offering new opportunities for collaboration and innovation across the sector. As international regulations become more stringent regarding emissions and sustainability, the nuclear powered merchant vessels market is likely to see increased competition as companies seek to differentiate themselves through technological advancements.

In this competitive environment, it is critical for companies to stay ahead of technological trends and regulatory changes to remain relevant in the market. For instance, the incorporation of hybrid propulsion systems and modular reactor designs is gaining traction as firms look for ways to enhance the safety, efficiency, and environmental performance of nuclear powered vessels. Companies such as Siemens AG and ABB Ltd. are actively exploring these innovations, aiming to deliver cutting-edge solutions that meet the demands of today's shipping industry. Furthermore, the collaborations between leading firms and governmental bodies can help address safety concerns, enhance public trust, and facilitate the widespread adoption of nuclear powered merchant vessels, setting the stage for a transformative shift in the maritime landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Areva SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Groupe Naval
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Thyssenkrupp AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Rolls-Royce Holdings plc
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Lockheed Martin Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Northrop Grumman Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Huntington Ingalls Industries
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 General Dynamics Electric Boat
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Babcock International Group PLC
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Westinghouse Electric Company LLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 China Shipbuilding Industry Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Korean Shipbuilding & Offshore Engineering
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Russian State Atomic Energy Corporation (Rosatom)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis
  • 5.16 Daewoo Shipbuilding & Marine Engineering Co., Ltd.
    • 5.16.1 Business Overview
    • 5.16.2 Products & Services
    • 5.16.3 Financials
    • 5.16.4 Recent Developments
    • 5.16.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Nuclear Powered Merchant Vessels Market, By Application
    • 6.1.1 Cargo Transportation
    • 6.1.2 Container Transportation
    • 6.1.3 Oil & Gas Transportation
    • 6.1.4 Chemical Transportation
    • 6.1.5 Others
  • 6.2 Nuclear Powered Merchant Vessels Market, By Vessel Type
    • 6.2.1 Bulk Carriers
    • 6.2.2 Container Ships
    • 6.2.3 Oil Tankers
    • 6.2.4 Chemical Tankers
    • 6.2.5 LNG Carriers
  • 6.3 Nuclear Powered Merchant Vessels Market, By Reactor Type
    • 6.3.1 Pressurized Water Reactor
    • 6.3.2 Liquid Metal Cooled Reactor
    • 6.3.3 Gas Cooled Reactor
    • 6.3.4 Molten Salt Reactor
    • 6.3.5 Fast Neutron Reactor
  • 6.4 Nuclear Powered Merchant Vessels Market, By Propulsion Type
    • 6.4.1 Nuclear Propulsion
    • 6.4.2 Hybrid Propulsion

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Nuclear Powered Merchant Vessels Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Nuclear Powered Merchant Vessels market is categorized based on

By Vessel Type

• Bulk Carriers
• Container Ships
• Oil Tankers
• Chemical Tankers
• LNG Carriers

By Reactor Type

• Pressurized Water Reactor
• Liquid Metal Cooled Reactor
• Gas Cooled Reactor
• Molten Salt Reactor
• Fast Neutron Reactor

By Application

• Cargo Transportation
• Container Transportation
• Oil & Gas Transportation
• Chemical Transportation
• Others

By Propulsion Type

• Nuclear Propulsion
• Hybrid Propulsion

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• General Dynamics Electric Boat
• Westinghouse Electric Company LLC
• Rolls-Royce Holdings plc
• Areva SA
• Babcock International Group PLC
• Northrop Grumman Corporation
• Thyssenkrupp AG
• Siemens AG
• China Shipbuilding Industry Corporation
• Lockheed Martin Corporation
• Korean Shipbuilding & Offshore Engineering
• ABB Ltd.
• Huntington Ingalls Industries
• Daewoo Shipbuilding & Marine Engineering Co., Ltd.
• Russian State Atomic Energy Corporation (Rosatom)
• Groupe Naval