The global demand for Small Modular Reactor Market is presumed to reach the market size of nearly USD 7.71 BN by 2030 from USD 5.9 BN in 2022 with a CAGR of 3.4% under the study period 2023 - 2030.
A Small modular reactor (SMR) refers to a type of nuclear reactor that is smaller in size and output compared to traditional nuclear power plants. It is designed to be constructed in a factory and then transported to the site, offering advantages in terms of scalability, flexibility, and enhanced safety features.
MARKET DYNAMICS:
The growing global demand for clean energy sources, along with reduction in greenhouse gas emissions, drive the adoption of small modular reactors as a reliable and sustainable power generation option. Their flexibility and scalability make them suitable for various applications, including small grids, remote communities, and industrial processes. Enhanced features related to safety and security, such as passive safety systems and better heat dissipation, are key drivers for the market. Small modular reactors offer improved safety performance and resilience, reducing potential risks and ensuring the reliable operation of nuclear reactors. The economic viability of these reactors is another driver, with factory fabrication and standardized designs leading to cost savings and improved economic feasibility. Small modular reactors can provide energy resilience and grid stability by diversifying the energy mix and offering a reliable source of electricity, contributing to the integration of renewable energy sources. The support from governments, research organizations, and industry stakeholders in funding, grants, and research initiatives accelerates the development and deployment of these reactors, driving innovation and advancing nuclear technology.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of small modular reactor. The growth and trends of small modular reactor industry provide a holistic approach to this study.
MARKET SEGMENTATION:
This section of the small modular reactor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Coolant
- Heavy Liquid Metal
- Gases
- Manu
- Molten Salt
- Water
By Type
- Heavy-Water Reactors
- Light-Water Reactors
- High-Temperature Reactors
- Fast-Neutron Reactors
- Molten Salt Reactors
By Application
- Power Generation
- Desalination
- Hydrogen Generation
- Industrial
By End-Use Industry
- Transmission & Distributio
- Power Generation
- Industrial
- Others
By Connectivity
By Location
By Deployment
- Single Module Power Plant
- Multi-Module Power Plant
REGIONAL ANALYSIS:
This section covers the regional outlook, which accentuates current and future demand for the Small Modular Reactor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Small Modular Reactor market include Westinghouse Electric Company LLC (US), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada), Moltex Energy (Canada), GE Hitachi Nuclear Energy (US), X Energy, LLC (US), General Atomics (US), ARC Clean Energy, Inc. (Canada), LeadCold Reactors (Sweden), Rolls-Royce (UK), Ultra Safe Nuclear (US), Toshiba Energy Systems & Solutions Corporation (Japan), Tokamak Energy Ltd. (UK), SNC-Lavalin Group (Canada), Afrikantov OKB Mechanical Engineering (Russia), China National Nuclear Corporation (China), Framatome (France), U- BATTERY (UK), and Seaborg Technologies (Denmark). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1 . PREFACE
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3 . SMALL MODULAR REACTOR - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Coolant
- 3.7.2 Market Attractiveness Analysis By Type
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By End-Use Industry
- 3.7.5 Market Attractiveness Analysis By Connectivity
- 3.7.6 Market Attractiveness Analysis By Location
- 3.7.7 Market Attractiveness Analysis By Deployment
- 3.7.8 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
5 . GLOBAL SMALL MODULAR REACTOR MARKET SALES BY COOLANT
- 5.1 Overview by Coolant
- 5.2 Historical and Forecast Sales Data
- 5.3 Analysis by Coolant
- 5.4 Heavy Liquid Metal Historic and Forecast Sales by Regions
- 5.5 Gases Historic and Forecast Sales by Regions
- 5.6 Manu Historic and Forecast Sales by Regions
- 5.7 Molten Salt Historic and Forecast Sales by Regions
- 5.8 Water Historic and Forecast Sales by Regions
6 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY TYPE
- 6.1 Overview by Type
- 6.2 Historical and Forecast Sales Data
- 6.3 Analysis by Type
- 6.4 Heavy-water Reactors Historic and Forecast Sales by Regions
- 6.5 Light-water Reactors Historic and Forecast Sales by Regions
- 6.6 High-temperature Reactors Historic and Forecast Sales by Regions
- 6.7 Fast-neutron Reactors Historic and Forecast Sales by Regions
- 6.8 Molten Salt Reactors Historic and Forecast Sales by Regions
7 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY APPLICATION
- 7.1 Overview by Application
- 7.2 Historical and Forecast Sales Data
- 7.3 Analysis by Application
- 7.4 Power Generation Historic and Forecast Sales by Regions
- 7.5 Desalination Historic and Forecast Sales by Regions
- 7.6 Hydrogen Generation Historic and Forecast Sales by Regions
- 7.7 Industrial Historic and Forecast Sales by Regions
8 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY END-USE INDUSTRY
- 8.1 Overview by End-Use Industry
- 8.2 Historical and Forecast Sales Data
- 8.3 Analysis by End-Use Industry
- 8.4 Transmission & Distributio Historic and Forecast Sales by Regions
- 8.5 Power Generation Historic and Forecast Sales by Regions
- 8.6 Industrial Historic and Forecast Sales by Regions
- 8.7 Others Historic and Forecast Sales by Regions
9 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY CONNECTIVITY
- 9.1 Overview by Connectivity
- 9.2 Historical and Forecast Sales Data
- 9.3 Analysis by Connectivity
- 9.4 Grid-Connected Historic and Forecast Sales by Regions
- 9.5 Off-Grid Historic and Forecast Sales by Regions
10 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY LOCATION
- 10.1 Overview by Location
- 10.2 Historical and Forecast Sales Data
- 10.3 Analysis by Location
- 10.4 Land Historic and Forecast Sales by Regions
- 10.5 Marine Historic and Forecast Sales by Regions
11 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY DEPLOYMENT
- 11.1 Overview by Deployment
- 11.2 Historical and Forecast Sales Data
- 11.3 Analysis by Deployment
- 11.4 Single Module Power Plant Historic and Forecast Sales by Regions
- 11.5 Multi-Module Power Plant Historic and Forecast Sales by Regions
12 . GLOBAL SMALL MODULAR REACTOR MARKET ANALYSIS BY GEOGRAPHY
- 12.1. Regional Outlook
- 12.2. Introduction
- 12.3. North America Sales Analysis
- 12.3.1. Overview, Historic and Forecast Data Sales Analysis
- 12.3.2. North America By Segment Sales Analysis
- 12.3.3. North America By Country Sales Analysis
- 12.3.4. United State Sales Analysis
- 12.3.5. Canada Sales Analysis
- 12.3.6. Mexico Sales Analysis
- 12.4. Europe Sales Analysis
- 12.4.1. Overview, Historic and Forecast Data Sales Analysis
- 12.4.2. Europe by Segment Sales Analysis
- 12.4.3. Europe by Country Sales Analysis
- 12.4.4. United Kingdom Sales Analysis
- 12.4.5. France Sales Analysis
- 12.4.6. Germany Sales Analysis
- 12.4.7. Italy Sales Analysis
- 12.4.8. Russia Sales Analysis
- 12.4.9. Rest Of Europe Sales Analysis
- 12.5. Asia Pacific Sales Analysis
- 12.5.1. Overview, Historic and Forecast Data Sales Analysis
- 12.5.2. Asia Pacific by Segment Sales Analysis
- 12.5.3. Asia Pacific by Country Sales Analysis
- 12.5.4. China Sales Analysis
- 12.5.5. India Sales Analysis
- 12.5.6. Japan Sales Analysis
- 12.5.7. South Korea Sales Analysis
- 12.5.8. Australia Sales Analysis
- 12.5.9. South East Asia Sales Analysis
- 12.5.10. Rest Of Asia Pacific Sales Analysis
- 12.6. Latin America Sales Analysis
- 12.6.1. Overview, Historic and Forecast Data Sales Analysis
- 12.6.2. Latin America by Segment Sales Analysis
- 12.6.3. Latin America by Country Sales Analysis
- 12.6.4. Brazil Sales Analysis
- 12.6.5. Argentina Sales Analysis
- 12.6.6. Peru Sales Analysis
- 12.6.7. Chile Sales Analysis
- 12.6.8. Rest of Latin America Sales Analysis
- 12.7. Middle East & Africa Sales Analysis
- 12.7.1. Overview, Historic and Forecast Data Sales Analysis
- 12.7.2. Middle East & Africa by Segment Sales Analysis
- 12.7.3. Middle East & Africa by Country Sales Analysis
- 12.7.4. Saudi Arabia Sales Analysis
- 12.7.5. UAE Sales Analysis
- 12.7.6. Israel Sales Analysis
- 12.7.7. South Africa Sales Analysis
- 12.7.8. Rest Of Middle East And Africa Sales Analysis
13 . COMPETITIVE LANDSCAPE OF THE SMALL MODULAR REACTOR COMPANIES
- 13.1. Small Modular Reactor Market Competition
- 13.2. Partnership/Collaboration/Agreement
- 13.3. Merger And Acquisitions
- 13.4. New Product Launch
- 13.5. Other Developments
14 . COMPANY PROFILES OF SMALL MODULAR REACTOR INDUSTRY
- 14.1. Company Share Analysis
- 14.2. Market Concentration Rate
- 14.3. Westinghouse Electric Company LLC (US)
- 14.3.1. Company Overview
- 14.3.2. Company Revenue
- 14.3.3. Products
- 14.3.4. Recent Developments
- 14.4. NuScale Power LLC. (US)
- 14.4.1. Company Overview
- 14.4.2. Company Revenue
- 14.4.3. Products
- 14.4.4. Recent Developments
- 14.5. Terrestrial Energy Inc. (Canada)
- 14.5.1. Company Overview
- 14.5.2. Company Revenue
- 14.5.3. Products
- 14.5.4. Recent Developments
- 14.6. Moltex Energy (Canada)
- 14.6.1. Company Overview
- 14.6.2. Company Revenue
- 14.6.3. Products
- 14.6.4. Recent Developments
- 14.7. GE Hitachi Nuclear Energy (US)
- 14.7.1. Company Overview
- 14.7.2. Company Revenue
- 14.7.3. Products
- 14.7.4. Recent Developments
- 14.8. X Energy LLC (US)
- 14.8.1. Company Overview
- 14.8.2. Company Revenue
- 14.8.3. Products
- 14.8.4. Recent Developments
- 14.9. General Atomics (US)
- 14.9.1. Company Overview
- 14.9.2. Company Revenue
- 14.9.3. Products
- 14.9.4. Recent Developments
- 14.10. ARC Clean Energy Inc. (Canada)
- 14.10.1. Company Overview
- 14.10.2. Company Revenue
- 14.10.3. Products
- 14.10.4. Recent Developments
- 14.11. LeadCold Reactors (Sweden)
- 14.11.1. Company Overview
- 14.11.2. Company Revenue
- 14.11.3. Products
- 14.11.4. Recent Developments
- 14.12. Rolls-Royce (UK)
- 14.12.1. Company Overview
- 14.12.2. Company Revenue
- 14.12.3. Products
- 14.12.4. Recent Developments
- 14.13. Ultra Safe Nuclear (US)
- 14.13.1. Company Overview
- 14.13.2. Company Revenue
- 14.13.3. Products
- 14.13.4. Recent Developments
- 14.14. Toshiba Energy Systems & Solutions Corporation (Japan)
- 14.14.1. Company Overview
- 14.14.2. Company Revenue
- 14.14.3. Products
- 14.14.4. Recent Developments
- 14.15. Tokamak Energy Ltd. (UK)
- 14.15.1. Company Overview
- 14.15.2. Company Revenue
- 14.15.3. Products
- 14.15.4. Recent Developments
- 14.16. SNC-Lavalin Group (Canada)
- 14.16.1. Company Overview
- 14.16.2. Company Revenue
- 14.16.3. Products
- 14.16.4. Recent Developments
- 14.17. Afrikantov OKB Mechanical Engineering (Russia)
- 14.17.1. Company Overview
- 14.17.2. Company Revenue
- 14.17.3. Products
- 14.17.4. Recent Developments
- 14.18. China National Nuclear Corporation (China)
- 14.18.1. Company Overview
- 14.18.2. Company Revenue
- 14.18.3. Products
- 14.18.4. Recent Developments
- 14.19. Framatome (France)
- 14.19.1. Company Overview
- 14.19.2. Company Revenue
- 14.19.3. Products
- 14.19.4. Recent Developments
- 14.20. U- BATTERY (UK)
- 14.20.1. Company Overview
- 14.20.2. Company Revenue
- 14.20.3. Products
- 14.20.4. Recent Developments
- 14.21. Seaborg Technologies (Denmark)
- 14.21.1. Company Overview
- 14.21.2. Company Revenue
- 14.21.3. Products
- 14.21.4. Recent Developments
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies