Global Nuclear Capacity to Surge 44% by 2036, Led by China and India

Global nuclear power capacity is projected to surge 44% by 2036, driven by rapid expansion in China and India, according to a new report from BloombergNEF.

The report estimates that total installed nuclear capacity will reach 535 gigawatts (GW) by 2036, up from 372 GW at the end of 2025. China is expected to nearly double its capacity to 102 GW from 59 GW, overtaking the United States as the world's largest nuclear power holder. India is also set to significantly boost its nuclear fleet to enhance energy security, though specific targets were not detailed.

For oil, gas, and energy commodities traders, the nuclear buildout represents a long-term shift in the global energy mix. As nuclear capacity expands, it could displace some demand for natural gas and coal in power generation, particularly in Asia. This trend may weigh on gas prices over the next decade, though near-term effects are limited given the slow pace of nuclear construction. Live fuel prices and charts on NowPrice show how markets are currently pricing in these evolving supply-demand dynamics.

Looking ahead, traders should monitor construction timelines and regulatory approvals in China and India, as delays could alter the pace of capacity additions. The report also highlights that nuclear growth will be concentrated in Asia, with Europe and North America seeing more modest increases. Any policy shifts or safety incidents could reshape the outlook, making it a key variable for long-term energy price forecasts.