Small Modular Reactor Market

Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Process Heat), and Region - Global Forecast to 2026

Report Code: EP 7975 Sep, 2021, by marketsandmarkets.com

[213 Pages Report] The global small modular reactor market is projected to reach USD 11.3 billion by 2026 from an estimated USD 9.7 billion in 2021, at a CAGR of  3.2% during the forecast period. The low cost of SMRs due to modularization and factory construction is driving the small modular reactor market.

Small Modular Reactor Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on the Global Small Modular Reactor Market

The propagation of the COVID-19 pandemic worldwide has slowed down the growth of numerous industries. The actions taken by businesses and governments to contain the spread of the virus have resulted in a significant and swift reduction in the demand for electricity generation. As of July 26, 2021, 222 countries had been impacted by the pandemic, and the governments of individual countries had ordered nationwide lockdowns. Large-scale shutdowns and disruptions in global trade have led to a decline in demand for power systems. This acts as a challenge for the growth of the small modular reactor market. The breakdown of supply chains is expected to have an adverse effect on the manufacturers of small modular reactors.

The pandemic has curbed the investments in small modular reactor technology and is threatening to slow the expansion toward commercialization of SMRs. In the short term, the impact is most significant on the supply side for uranium, as various mines and nuclear fuel cycle facilities had suspended operations due to health concerns. These cutbacks have occurred in several major uranium mining countries such as Kazakhstan, Canada, and Namibia, which account for about two-thirds of the world's uranium production. The reactor design and construction schedules have also been impacted due to the pandemic. Conventional nuclear plants are experiencing extended outages related to the health of workers. The delays in small modular reactor design, licensing, and construction, along with the drop in electricity demand, could have a negative impact on the development of SMRs during the forecast period.

Market Trends

Small Modular Reactor Market  by Market Trends

Market Dynamics

Driver: Reliability and flexibility of nuclear power

The flexible nature of nuclear energy could enable the transition to a cleaner world and a stronger global economy. In recent decades, clean energy sources have seen rapid innovations and cost reductions. Solar photovoltaic, wind power, hydropower, dispatchable geothermal (both deep and shallow), biomass, concentrating solar power, and fossil energy with carbon capture have experienced rapid technological and economic advances in the last decade. Nuclear energy has the potential to be coupled with many other energy sources in a synergistic fashion, which could result in integrated systems that are more than the sum of their parts.

At the International Conference on Climate Change and the Role of Nuclear Power, organized by the IAEA in October 2019, the participating member states expressed that with a typical output of up to 300 MWe, SMRs could be the most effective source of CO2-free electricity to supersede aging fossil fuel-powered plants. The technology development of SMRs for immediate and near-term deployment is progressing globally.
Flexible power generation for a wider range of users and applications, ability to replace aging fossil fuel-fired power plants, and possibilities for synergetic hybrid energy systems that combine nuclear and alternative energy sources, including renewables, are driving the development of such reactors. As the share of intermittent renewable energy is increasing in all continents, SMRs are considered a very promising option to provide both baseload and flexible operations in synergy with renewables to ensure the security of supply with carbon-free energy systems. Integrating SMRs and renewable energy into a single energy system, coupled through smart grids, enables SMRs to run at high capacity while simultaneously addressing the need for the flexibility of generation rates and producing energy services, ancillary services, and low-carbon co-products. When coupled with variable energy sources such as wind, solar, wave, and tidal energy, SMRs can mitigate fluctuations daily and seasonal. This would be accomplished by ramping to offset the variation and shifting power over time (i.e., load following). The remaining power variation from the system could be negotiated with the grid regulator.

Restraints: Nuclear regulatory requirements for deployment of SMRs

The main regulatory issue that arises in the case of SMRs is the reduction in the size of the Emergency Planning Zone (EPZ). According to the IEAE, the EPZ is the area where preparations are made to promptly implement urgent protective action based on environmental monitoring data and assessment of facility conditions, the goal being to avert doses specified in international standards. According to the US Nuclear Regulatory Commission (NRC), there are two EPZs surrounding the plant site. The first zone, called a Plume Exposure Pathway, is designed to avoid or reduce the dose from potential exposure of radioactive materials from the plant and is traditionally about 10 miles (16.1 km) in radius for any nuclear plant. The second zone, the Ingestion Exposure Pathway, is designed to reduce or avoid the dose from potential ingestion of food contaminated by radioactive materials and is about 50 miles (80.5 km) in radius for any nuclear plant. Thus, the size and shape of each Emergency Planning Zone are based on various factors, such as the nuclear plant's operating characteristics, the geographical features of the plant site, and the population areas surrounding the plant.

According to IAEA, for reactors with thermal power levels between 100 and 1,000 MWth, an EPZ radius of 5–25 km is preferred to eliminate radiation exposure to the public in the event of an accident. SMR developers and potential operators argue that the improved safety of SMRs is sufficient to lower the size of an EPZ to a radius below 5 km, as SMRs are smaller and safer than conventional nuclear power plants.

The set of potential sites for the deployment of SMRs comes down as the EPZ radius increases. Furthermore, SMRs would have to be constructed closer to population centers to serve applications such as desalinated water or industrial heat sources. A smaller EPZ enlarges the market of potential customers for SMRs. Potential operators of SMRs such as electric utilities are also interested in smaller EPZs, as the size of the zone directly impacts the overall complexity of the emergency plan. Utilities have to pay for the various activities associated with the emergency plan to be implemented within the EPZ. These include the installation and maintenance of sirens, coordination with various local and state government offices during drill exercises, and the size of the staff associated with multiple emergency preparedness activities. Because utilities expect the facility's profits to be lower for an SMR compared with a traditional size nuclear unit, they seek to lower the cost and complexity of managing the emergency plan by reducing the size of the EPZ. The size of the EPZ has long been a source of conflict between the nuclear industry and federal and local governments. Such regulatory environments may hamper the growth of the small modular reactor market.

Opportunities: Decarbonization of energy sector to meet net zero goals

With the adoption of the Paris Agreement in 2015, the world would need to harness all low-carbon energy sources to control greenhouse gas (GHG) emissions and limit the increase of global mean surface temperature to below 2° C relative to pre-industrial levels by the end of the century. Along with hydropower and wind energy, nuclear power produces one of the lowest GHG emissions per unit of electricity generated on a life cycle basis, including construction, operation, decommissioning, and waste management. During the International Conference on Climate Change and the Role of Nuclear Power held in September 2019, it was revealed that many member states of IAEA are considering SMRs as a potential viable nuclear option to help mitigate climate change. Nuclear power plants utilizing SMRs produce virtually no greenhouse gas emissions or air pollutants during their operation and emit very low emissions over their entire life cycle.

Decarbonization policies may support the growth of SMRs. For instance, in the power generation sector, SMRs could be considered a suitable fit in terms of reactor size to replace a subset of retiring coal-fired power plants.

SMRs could also support the decarbonization of other energy sectors requiring output temperatures between 80° C and 200° C, such as district heating applications and process heating applications. Light-water small modular reactors can be used for district heating applications. For example, in February 2020, The VTT Technical Research Centre in Finland launched a project to develop SMRs for district heating applications to decarbonize the heat sector. A majority of Finland’s district heating is currently produced by coal, natural gas, peat, and wood fuels. However, the country aims to eliminate the use of coal in energy production by 2029.

In the UK, the Royal Society claims that SMRs can offer greater flexibility and better co-location opportunities for many power and cogeneration applications. SMRs operated in cogeneration mode could play an essential role in the 2030 UK energy system, providing low-carbon heat for housing while improving the economics of SMRs. The higher temperatures provided by some Gen IV SMRs (i.e., 450–850° C) may offer new opportunities to decarbonize industrial sectors with the production of low-carbon, high-quality process heat. Potential applications include petroleum refining, steam reforming of natural gas, and thermochemical hydrogen production.

In November 2017, Rolls-Royce signed an agreement with the state-owned Jordan Atomic Energy Commission (JAEC) to conduct a technical feasibility study to construct a Rolls-Royce Small Modular Reactor (SMR) in Jordan to meet its need for low-carbon energy for electricity generation and water desalination.

Challenges: Public attitude towards nuclear power and deployment of small modular reactors

Many governments have reconsidered the role of nuclear energy in their national energy mix, although the issue of public acceptance is crucial for the successful development of SMRs. Severe nuclear accidents, such as the Three Mile Island accident in March 1979 and the much more severe Chernobyl accident in April 1986, have adversely impacted the public attitude toward nuclear power. In 1999, an operational error led to a radiation leak, killing two workers and exposing 400 people to small doses of radiation in the Tokai Mura region of Japan.

The public opinion in the countries that already include nuclear power in the energy mix is positive, as the population is more knowledgeable on the issues and is more supportive. In 2020, the Institution of Mechanical Engineers conducted a study on the public opinion toward nuclear power in the UK and found that only 42% of the population supported the use of nuclear energy for producing electricity. The disposal of nuclear waste, risk of accidents, and radiation are the most common concerns associated with nuclear power. To get public acceptance for new SMR power stations, it is essential to develop a credible plan for a geological disposal facility, which would be an underground store for all radioactive waste from power stations. In addition, the potential for the recycling of spent nuclear fuel must be examined to gain public approval. SMR vendors need to build public awareness of the technology, as most SMRs are in the design and concept stages. The use of passive safety features and massive deployment of SMRs could improve the overall public attitude toward nuclear power plants.

By reactor type, the light-water reactors segment is expected to make the largest contribution to the small modular reactor market during the forecast period.

Light-water reactors use ordinary water as a coolant and are the most widely adopted type, as these have the lowest technological risks. Light-water reactor technology is the most commonly adopted SMR technology owing to the high degree of technological readiness and ease of licensing, as regulators and developers are familiar with this technology. These factors are expected to drive the market for this segment during the forecast period.

By connectivity, the off-grid segment is expected to grow at the fastest rate during the forecast period.

Off-grid SMRs are small and suited for remote locations where setting up a large nuclear power plant is not feasible. Such reactors provide a clean and flexible alternative to fossil-fuel-fired power generation and other nonelectric applications in remote communities, islands, isolated grid systems, and mining sites.

By deployment, the multi-module power plant segment is expected to grow at the fastest rate during the forecast period.

SMRs may be deployed in scalable, multi-module configurations to provide greater flexibility to grid operations, enable integration with renewables, and help replace existing nuclear power plants and retiring coal-fired power plants. The growth of this segment is driven by the ease of financing additional units of SMRs, leading to the economies of series production. Additional modules can be added to the SMR plant, which helps in reducing upfront investments and capital risks, resulting in lower financial costs. In addition, multi-module power plants help avoid long outage periods through unit-by-unit maintenance and allow for staggered refueling.

By location, the land segment is expected to dominate to the small modular reactor market uring the forecast period.

The land segment is expected to dominate the global small modular reactor market owing to the booming owing to the potential for underground deployment, enhanced protection from natural hazards, improved seismic capability, and higher thermal efficiencies are some of the major growth drivers for the land segment. Furthermore, These SMRs also have simpler licensing processes compared with marine SMRs.

By application, the power generation is expected to be the largest market during the forecast period.

The power generation segment of the small modular reactor market, by application, accounts for the largest market share among all the other segments owing to its ability to be integrated with renewable energies to provide flexible power and baseload power. The ease of siting and operating flexibility drives the demand for SMRs in the power generation application.

Asia Pacific is expected to be the largest market during the forecast period.

Americas, Europe, Asia Pacific, and Middle East & Africa are the major regions considered for the study of the small modular reactor market. Asia Pacific is estimated to be the largest market from 2021 to 2026, driven by the increasing investments for the deployment of SMRs in countries such as China and Japan. China plans to promote the construction of Generation III coastal nuclear power plants and accelerate the development of SMRs and offshore floating nuclear reactors. Furthermore, in Japan, the government has made several policy reforms to accelerate the decarbonization of the energy sector.

Small Modular Reactor Market  by Region

Key Market Players

The major players in the global small modular reactor market are General Electric-Hitachi Nuclear Energy (US), Moltex Energy (Canada), NuScale Power(US), Terrestrial Energy (Canada), Westinghouse Electric (US), Afrikantov OKB Mechanical Engineering (Russia) and China National Nuclear Corporation (China).

Scope of the report

Report Metric

Details

Market Size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

Reactor Type, Connectvity, Deployment, Location, and Application  

Geographies covered

Asia Pacific, Americas, Europe, and Middle East & Africa

Companies covered

Westinghouse Electric (US), NuScale Power (US), General Electric-Hitachi Nulcear Energy (US), Terrestrial Energy (Canada), Moltex Energy (Canada), X-energy (US), Hotec International (US), Genral Atomics (US), LeadCold Reactors (Sweden), ARC Clean Energy (Canada), Rolls-Royce (UK), Tokamak Energy (UK), Ultra Safe Nuclear (US), Toshiba Energy Systems & Solutions (Japan), SNC-Lavalin Group (Canada) and others.

This research report categorizes the small modular reactor market based on reactor type, deployment, connectivity, location, application, and region

 Based on Reactor Type, the small modular reactor market has been segmented as follows:

  • Light-water Reactor
    • Pressurized-water Reactor
    • Boiling-water Reactor
  • Heavy-water Reactor
  • High-temperature Reactor
  • Fast-neutron Reactor
  • Molten Salt Reactor

Based on Connectivity, the small modular reactor market has been segmented as follows:

  • Grid-connected
  • Off-grid

Based on Deployment, the small modular reactor market has been segmented as follows:

  • Single-module Power Plant
  • Multi-module Power Plant

Based on Location, the small modular reactor market has been segmented as follows:

  • Land
  • Marine

Based on Application, the small modular reactor market has been segmented as follows:

  • Power Generation
  • Process Heat
  • Desalination
  • Hyrdrogen Production
  • Industrial

Based on the region, the small modular reactor market has been segmented as follows:

  • Americas
  • Asia Pacific
  • Europe
  • Middle East & Africa  

Recent Developments

  • In July 2021, General Electric Hitachi Nuclear Energy and First Nations Power Authority (FNPA) entered into a collaboration on training and employment opportunities available to qualified Indigenous people in Canada. These employees will be trained and certified to service Boiling-water Reactor technology and receive critical hands-on experience of servicing Boiling-water reactors in advance of future small modular reactor deployment in Ontario and across Canada.
  • In July 2021, NuScale Power would receive an equity investment from Samsung C&T to support the deployment of its small modular reactor (SMR). Fluor and Samsung C&T are developing a business collaboration agreement to expand capabilities available for future deployment of NuScale projects.
  • In June 2021, Moltex Energy, Pabineau First Nation, and Belledune Port Authority (BPA) signed an agreement to work collaboratively on mutually beneficial initiatives at the Port of Belledune and surrounding areas in Northern New Brunswick, specifically related to domestic use and exports of SMRs by Canada.
  • In April 2021, Terrestrial Energy signed an agreement with Aecon Group to support the construction planning for an Integral Molten Salt Reactor power plant. Under this agreement, Aecon Group would review Terrestrial Energy’s construction costs and schedules for the Integral Molten Salt Reactor, as well as undertake constructability, modularization, and supplier assessments for a broad range of activities, including plans for site development and heavy civil construction.
  • In October 2020, Westinghouse Electric and Bruce Power entered into an agreement to pursue applications of the eVinci micro reactor program within Canada. The agreement is supported by efforts from the federal and provincial governments to study applications for nuclear technology to reach Canada’s goal of a Net Zero Canada by 2050.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           1.3.1 SMALL MODULAR REACTOR MARKET: INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 SMALL MODULAR REACTOR MARKET: SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
    1.5 YEARS CONSIDERED
    1.6 CURRENCY
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 1 SMALL MODULAR REACTOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 2 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                               FIGURE 3 KEY INDUSTRY INSIGHTS
                    2.2.2.2 Breakdown of primaries
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.3 SCOPE
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 MAIN METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR SMALL MODULAR REACTORS
                    2.4.3.1 Demand-side calculations
                    2.4.3.2 Assumptions for demand-side analysis
           2.4.4 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 39)
    TABLE 1 SMALL MODULAR REACTOR MARKET SNAPSHOT
    FIGURE 8 ASIA PACIFIC DOMINATED MARKET IN 2020
    FIGURE 9 LIGHT-WATER REACTOR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY REACTOR TYPE, FROM 2021 TO 2026
    FIGURE 10 OFF-GRID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 11 MULTI-MODULE SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF MARKET, BY DEPLOYMENT, DURING FORECAST PERIOD
    FIGURE 12 LAND SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY LOCATION, DURING 2021–2026
    FIGURE 13 POWER GENERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET, BY APPLICATION, FROM 2021 TO 2026

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES IN SMALL MODULAR REACTOR MARKET
           FIGURE 14 LOW COST OF SMRS DUE TO MODULARIZATION AND FACTORY CONSTRUCTION IS EXPECTED TO DRIVE MARKET DURING  2021–2026
    4.2 SMALL MODULAR REACTOR MARKET, BY REGION
           FIGURE 15 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC,  BY APPLICATION AND COUNTRY
           FIGURE 16 POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARE OF MARKET IN ASIA PACIFIC IN 2020
    4.4 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE
           FIGURE 17 LIGHT-WATER REACTOR SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE, BY REACTOR TYPE, IN 2026
    4.5 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY
           FIGURE 18 OFF-GRID SEGMENT TO DOMINATE MARKET,  BY CONNECTIVITY, IN 2026
    4.6 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT
           FIGURE 19 MULTI-MODULE POWER PLANT SEGMENT TO DOMINATE MARKET, BY DEPLOYMENT, IN 2026
    4.7 SMALL MODULAR REACTOR MARKET, BY LOCATION
           FIGURE 20 LAND SEGMENT IS EXPECTED TO DOMINATE MARKET, BY LOCATION, 2026
    4.8 SMALL MODULAR REACTOR MARKET, BY APPLICATION
           FIGURE 21 POWER GENERATION SEGMENT TO DOMINATE MARKET, BY APPLICATION, IN 2026

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 22 COVID-19 GLOBAL PROPAGATION
           FIGURE 23 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
           FIGURE 24 RECOVERY ROAD FOR 2020 AND 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 25 REVISED GDP FOR SELECTED G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
           FIGURE 26 SMALL MODULAR REACTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Reliability and flexibility of nuclear power
                               FIGURE 27 GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2010–2020
                    5.5.1.2 Low cost of SMRs due to modularization and factory construction
           5.5.2 RESTRAINTS
                    5.5.2.1 Nuclear regulatory requirements for deployment of SMRs
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Decarbonization of energy sector to meet net zero goals
                    5.5.3.2 Facilitating access to nuclear energy across diverse applications
                    5.5.3.3 Integration of small modular reactors with renewable energy
                               FIGURE 28 DAILY CYCLES OF WIND, SOLAR, AND NUCLEAR ENERGY
           5.5.4 CHALLENGES
                    5.5.4.1 Harmonizing different licensing approaches
                    5.5.4.2 Public attitude towards nuclear power and deployment of small modular reactors
                    5.5.4.3 Impact of COVID-19 on development of small modular reactors
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL MODULAR REACTOR MANUFACTURERS
                    FIGURE 29 REVENUE SHIFT FOR SMALL MODULAR REACTOR MARKET
    5.7 MARKET MAP
           FIGURE 30 MARKET MAP FOR SMALL MODULAR REACTORS
    5.8 SUPPLY CHAIN ANALYSIS
           FIGURE 31 SMALL MODULAR REACTOR MARKET: SUPPLY CHAIN ANALYSIS
           5.8.1 COMPONENT MANUFACTURERS
           5.8.2 SMALL MODULAR REACTOR MANUFACTURERS
           5.8.3 SMALL MODULAR REACTOR SUPPORT SERVICES PROVIDERS/ INTEGRATORS
           5.8.4 END USERS
    5.9 DESIGN PHASES FOR SMALL MODULAR REACTORS
           5.9.1 CONCEPTUAL DESIGN
           5.9.2 PLANT-LEVEL ENGINEERING DESIGN
           5.9.3 SYSTEM-LEVEL ENGINEERING DESIGN
           5.9.4 COMPONENT-LEVEL ENGINEERING DESIGN
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 DIFFERENT TECHNOLOGIES INCORPORATED IN SMALL MODULAR REACTORS
    5.11 SMALL MODULAR REACTORS MARKET: CODES AND REGULATIONS
           TABLE 2 SMALL MODULAR REACTOR MARKET: CODES AND REGULATIONS
    5.12 INNOVATIONS AND PATENT REGISTRATIONS
           TABLE 3 INNOVATIONS AND PATENT REGISTRATIONS RELATING TO SMALL MODULAR REACTORS, NOVEMBER 2016–MARCH 2021
    5.13 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 32 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
           TABLE 4 SMALL MODULAR REACTOR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY

6 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE (Page No. - 76)
    6.1 INTRODUCTION
           FIGURE 33 SMALL MODULAR REACTOR MARKET SHARE, BY REACTOR TYPE, 2020 (%)
           TABLE 5 SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE, 2019–2026 (USD MILLION)
    6.2 LIGHT-WATER REACTOR
           6.2.1 HIGH DEGREE OF TECHNOLOGICAL READINESS OF LIGHT-WATER SMALL MODULAR REACTORS IS EXPECTED TO BOOST GROWTH
                    TABLE 6 LIGHT-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 7 LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION)
           6.2.2 PRESSURIZED-WATER REACTOR
                    TABLE 8 PRESSURIZED-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
           6.2.3 BOILING-WATER REACTOR
                    TABLE 9 BOILING-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 HEAVY-WATER REACTOR
           6.3.1 USE OF NATURAL URANIUM AND LOW ENRICHED URANIUM FUEL IN HEAVY-WATER REACTORS TO SUPPORT GROWTH
                    TABLE 10 HEAVY-WATER REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.4 HIGH-TEMPERATURE REACTOR
           6.4.1 POTENTIAL OF SERVING VARIED HIGH-TEMPERATURE INDUSTRIAL APPLICATIONS TO ENHANCE DEMAND FOR HIGH-TEMPERATURE REACTORS
                    TABLE 11 HIGH-TEMPERATURE REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.5 FAST-NEUTRON REACTOR
           6.5.1 REDUCTION IN NUCLEAR WASTE PRODUCTION TO BOOST DEMAND FOR FAST-NEUTRON REACTORS
                    TABLE 12 FAST-NEUTRON REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.6 MOLTEN SALT REACTOR
           6.6.1 POTENTIAL DEPLOYMENT IN COUNTRIES WITH LARGE AMOUNTS OF SPENT NUCLEAR FUEL TO INCREASE DEMAND FOR MOLTEN SALT REACTORS
                    TABLE 13 MOLTEN SALT REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)

7 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY (Page No. - 84)
    7.1 INTRODUCTION
           FIGURE 34 SMALL MODULAR REACTOR MARKET SHARE, BY CONNECTIVITY, 2020 (%)
           TABLE 14 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2026 (USD MILLION)
    7.2 OFF-GRID
           7.2.1 REQUIREMENT OF CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION AND DIVERSE APPLICATIONS OF SMALL MODULAR REACTORS ARE EXPECTED TO DRIVE OFF-GRID SEGMENT
                    TABLE 15 OFF-GRID SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.3 GRID-CONNECTED
           7.3.1 INTEGRATION OF RENEWABLES IS EXPECTED TO ENHANCE GROWTH OF GRID-CONNECTED SEGMENT
                    TABLE 16 GRID-CONNECTED SMALL MODULAR REACTOR MARKET, BY REGION,  2019–2026 (USD MILLION)

8 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT (Page No. - 88)
    8.1 INTRODUCTION
           FIGURE 35 SMALL MODULAR REACTOR MARKET SHARE, BY DEPLOYMENT, 2020 (%)
           TABLE 17 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2026 (USD MILLION)
    8.2 MULTI-MODULE POWER PLANT
           8.2.1 EASE OF FINANCING ADDITIONAL UNITS OF MULTI MULTI-MODULE POWER PLANTS IS EXPECTED TO DRIVE GROWTH
                    TABLE 18 MULTI-MODULE MARKET, BY REGION,  2019–2026 (USD MILLION)
    8.3 SINGLE-MODULE POWER PLANT
           8.3.1 SITING FLEXIBILITY OF SINGLE-MODULE POWER PLANTS IS EXPECTED TO BOOST DEMAND FOR THIS SEGMENT
                    TABLE 19 SINGLE-MODULE MARKET, BY REGION,  2019–2026 (USD MILLION)

9 SMALL MODULAR REACTOR MARKET, BY LOCATION (Page No. - 92)
    9.1 INTRODUCTION
           FIGURE 36 SMALL MODULAR REACTOR MARKET SHARE, BY LOCATION, 2020 (%)
           TABLE 20 SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2026 (USD MILLION)
    9.2 LAND
           9.2.1 HIGHER THERMAL EFFICIENCY AND EASE OF LICENSING ARE EXPECTED TO DRIVE LAND SEGMENT
                    TABLE 21 LAND MARKET, BY REGION, 2019–2026 (USD MILLION)
    9.3 MARINE
           9.3.1 DEPLOYMENT IN ISLANDS, REMOTE, AND COASTAL REGIONS IS EXPECTED TO BOOST MARKET GROWTH
                    TABLE 22 MARINE MARKET, BY REGION, 2019–2026 (USD MILLION)

10 SMALL MODULAR REACTOR MARKET, BY APPLICATION (Page No. - 96)
     10.1 INTRODUCTION
             FIGURE 37 SMALL MODULAR REACTOR MARKET SHARE, BY APPLICATION, 2020 (%)
             TABLE 23 SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
     10.2 POWER GENERATION
             10.2.1 EASE OF SITING AND OPERATING FLEXIBILITY DRIVES DEMAND FOR SMALL MODULAR REACTORS IN POWER GENERATION APPLICATION
                        TABLE 24 SMALL MODULAR REACTOR MARKET FOR POWER GENERATION, BY REGION,  2019–2026 (USD MILLION)
     10.3 DESALINATION
             10.3.1 INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES DRIVES GROWTH OF THIS SEGMENT
                        TABLE 25 SMALL MODULAR REACTOR MARKET FOR DESALINATION, BY REGION,  2019–2026 (USD MILLION)
     10.4 PROCESS HEAT
             10.4.1 INCREASED THERMAL EFFICIENCIES OF CO-GENERATION DRIVE GROWTH OF THIS SEGMENT
                        TABLE 26 SMALL MODULAR REACTOR MARKET FOR PROCESS HEAT, BY REGION,  2019–2026 (USD MILLION)
     10.5 INDUSTRIAL
             10.5.1 ANTICIPATED DEPLOYMENT OF SMRS IN DIVERSE INDUSTRIAL APPLICATIONS WOULD DRIVE GROWTH OF THIS SEGMENT
                        TABLE 27 SMALL MODULAR REACTOR MARKET FOR INDUSTRIAL, BY REGION,  2019–2026 (USD MILLION)
     10.6 HYDROGEN PRODUCTION
             10.6.1 ABILITY TO MAXIMIZE LOAD FACTORS AND INCREASE EFFICIENCY OF POWER PLANTS ENHANCE GROWTH OF HYDROGEN PRODUCTION SEGMENT
                        TABLE 28 SMALL MODULAR REACTOR MARKET FOR HYDROGEN PRODUCTION, BY REGION,  2019–2026 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 102)
     11.1 INTRODUCTION
             FIGURE 38 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
             FIGURE 39 SMALL MODULAR REACTOR MARKET SHARE, BY REGION, 2020 (%)
             TABLE 29 SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
     11.2 ASIA PACIFIC
             FIGURE 40 SNAPSHOT OF ASIA PACIFIC MARKET IN 2020
             TABLE 30 ASIA PACIFIC MARKET, BY REACTOR TYPE,  2019–2026 (USD MILLION)
             TABLE 31 ASIA PACIFIC LIGHT-WATER MARKET, BY SUBTYPE,  2019–2026 (USD MILLION)
             TABLE 32 ASIA PACIFIC MARKET, BY CONNECTIVITY,  2019–2026 (USD MILLION)
             TABLE 33 ASIA PACIFIC MARKET, BY DEPLOYMENT,  2019–2026 (USD MILLION)
             TABLE 34 ASIA PACIFIC MARKET, BY LOCATION,  2019–2026 (USD MILLION)
             TABLE 35 ASIA PACIFIC MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             TABLE 36 ASIA PACIFIC MARKET, BY COUNTRY,  2019–2026 (USD MILLION)
             11.2.1 CHINA
                        11.2.1.1 Rise in deployment of SMRs in coastal, island, and offshore areas to fuel growth of Chinese small modular reactor market
                                     TABLE 37 SOME SMALL MODULAR REACTOR PROJECTS IN CHINA
                                     TABLE 38 CHINA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.2.2 JAPAN
                        11.2.2.1 Potential integration with variable renewable energy and increasing private sector investments to create growth opportunities for small modular reactor market
                                     TABLE 39 SOME SMALL MODULAR REACTOR PROJECTS IN JAPAN
                                     TABLE 40 JAPAN SMALL MODULAR REACTOR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.2.3 INDIA
                        11.2.3.1 Development of molten salt-, high-temperature-, and heavy-water-based SMRs to boost growth of Indian market during forecast period
                                     TABLE 41 INDIA SMALL MODULAR REACTOR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.2.4 SOUTH KOREA
                        11.2.4.1 Interest in marine small modular reactors for floating power plants to fuel market growth
                                     TABLE 42 SOUTH KOREA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.2.5 REST OF ASIA PACIFIC
                        TABLE 43 SMALL MODULAR REACTOR MARKET IN REST OF ASIA PACIFIC, BY APPLICATION,  2019–2026 (USD MILLION)
     11.3 EUROPE
             FIGURE 41 SNAPSHOT OF EUROPEAN MARKET, 2020
             TABLE 44 EUROPE SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE,  2019–2026 (USD MILLION)
             TABLE 45 EUROPE LIGHT-WATER MARKET, BY SUBTYPE,  2019–2026 (USD MILLION)
             TABLE 46 EUROPE SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY,  2019–2026 (USD MILLION)
             TABLE 47 EUROPE MARKET, BY DEPLOYMENT,  2019–2026 (USD MILLION)
             TABLE 48 EUROPE MARKET, BY LOCATION,  2019–2026 (USD MILLION)
             TABLE 49 EUROPE MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             TABLE 50 EUROPE MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             11.3.1 RUSSIA
                        11.3.1.1 Potential deployment of SMRs for power generation in remote areas of Russian Far East region to drive market growth
                                     TABLE 51 SOME SMALL MODULAR REACTOR PROJECTS IN RUSSIA
                                     TABLE 52 RUSSIA SMALL MODULAR REACTOR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.3.2 UK
                        11.3.2.1 Increasing government initiatives and investments are expected to fuel growth of small modular reactor market in UK during forecast period
                                     TABLE 53 SOME SMALL MODULAR REACTOR PROJECTS IN UK
                                     TABLE 54 UK SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             11.3.3 FRANCE
                        11.3.3.1 Vast experience in nuclear energy development would support development of small modular reactors
                                     TABLE 55 FRANCE SMALL MODULAR REACTOR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.3.4 REST OF EUROPE
                        TABLE 56 SMALL MODULAR REACTOR MARKET IN REST OF EUROPE, BY APPLICATION,  2019–2026 (USD MILLION)
     11.4 AMERICAS
             TABLE 57 AMERICAS SMALL MODULAR REACTOR MARKET, BY REACTOR TYPE,  2019–2026 (USD MILLION)
             TABLE 58 AMERICAS LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2019–2026 (USD MILLION)
             TABLE 59 AMERICAS MARKET, BY CONNECTIVITY,  2019–2026 (USD MILLION)
             TABLE 60 AMERICAS MARKET, BY DEPLOYMENT,  2019–2026 (USD MILLION)
             TABLE 61 AMERICAS MARKET, BY LOCATION,  2019–2026 (USD MILLION)
             TABLE 62 AMERICAS MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             TABLE 63 AMERICAS MARKET, BY COUNTRY,  2019–2026 (USD MILLION)
             11.4.1 US
                        11.4.1.1 Increasing government initiatives and private investments for SMRs to drive growth of small modular reactor market in US
                                     TABLE 64 SOME SMALL MODULAR REACTOR PROJECTS IN US
                                     TABLE 65 US SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
             11.4.2 CANADA
                        11.4.2.1 Potential deployment of SMRs in remote locations and small-scale grids to drive the Canadian market
                                     TABLE 66 SOME SMALL MODULAR REACTOR PROJECTS IN CANADA
                                     TABLE 67 CANADA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.4.3 ARGENTINA
                        11.4.3.1 Potential applications for power generation and desalination enhance growth of Argentinian small modular reactor market
                                     TABLE 68 ARGENTINA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA
             TABLE 69 MIDDLE EAST & AFRICA MARKET, BY REACTOR TYPE,  2019–2026 (USD MILLION)
             TABLE 70 MIDDLE EAST & AFRICA LIGHT-WATER MARKET, BY SUBTYPE, 2019–2026 (USD MILLION)
             TABLE 71 MIDDLE EAST & AFRICA MARKET, BY CONNECTIVITY,  2019–2026 (USD MILLION)
             TABLE 72 MIDDLE EAST & AFRICA MARKET, BY DEPLOYMENT,  2019–2026 (USD MILLION)
             TABLE 73 MIDDLE EAST & AFRICA MARKET, BY LOCATION,  2019–2026 (USD MILLION)
             TABLE 74 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             TABLE 75 MIDDLE EAST & AFRICA SMALL MODULAR REACTOR MARKET, BY COUNTRY,  2019–2026 (USD MILLION)
             11.5.1 SAUDI ARABIA
                        11.5.1.1 Need to reduce dependency on fossil fuels for power generation and desalination is expected to drive growth of small modular reactor market
                                     TABLE 76 SAUDI ARABIA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.5.2 SOUTH AFRICA
                        11.5.2.1 Interest in Generation II and III technologies to boost demand for small modular reactors
                                     TABLE 77 SOUTH AFRICA MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
             11.5.3 REST OF MIDDLE EAST & AFRICA
                        TABLE 78 SMALL MODULAR REACTOR MARKET IN REST OF MIDDLE & AFRICA, BY APPLICATION, 2019–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 134)
     12.1 KEY PLAYERS STRATEGIES/RIGHT TO WIN
             TABLE 79 OVERVIEW OF KEY STRATEGIES OF TOP SMALL MODULAR REACTOR PLAYERS
     12.2 TOP FIVE PLAYERS IN SMALL MODULAR REACTOR MARKET
             TABLE 80 SMALL MODULAR REACTOR MARKET: TOP FIVE PLAYERS
     12.3 MARKET EVALUATION FRAMEWORK
             TABLE 81 MARKET EVALUATION FRAMEWORK
     12.4 COMPANY EVALUATION QUADRANT
             12.4.1 STAR
             12.4.2 PERVASIVE
             12.4.3 EMERGING LEADER
             12.4.4 PARTICIPANT
                        FIGURE 42 COMPETITIVE LEADERSHIP MAPPING: SMALL MODULAR REACTOR MARKET, 2020
                        TABLE 82 REACTOR TYPE FOOTPRINT OF COMPANIES
                        TABLE 83 APPLICATION FOOTPRINT OF COMPANIES
                        TABLE 84 REGIONAL FOOTPRINT OF COMPANIES
                        TABLE 85 OVERALL FOOTPRINT OF COMPANIES
     12.5 COMPETITIVE SCENARIO
             TABLE 86 SMALL MODULAR REACTOR MARKET: DEALS, OCTOBER 2020 –JULY 2021
             TABLE 87 SMALL MODULAR REACTOR MARKET: OTHERS, MAY 2017–FEBRUARY 2021

13 COMPANY PROFILES (Page No. - 145)
(Business overview, Products/services offered, Recent Developments, MNM view)* 
     13.1 KEY PLAYERS
             13.1.1 WESTINGHOUSE ELECTRIC
                        TABLE 88 WESTINGHOUSE ELECTRIC: BUSINESS OVERVIEW
                        TABLE 89 WESTINGHOUSE ELECTRIC: PRODUCTS/SERVICES OFFERED
             13.1.2 NUSCALE POWER
                        TABLE 90 NUSCALE POWER: BUSINESS OVERVIEW
                        TABLE 91 NUSCALE POWER: PRODUCTS/SERVICES OFFERED
                        TABLE 92 DEALS: NUSCALE POWER:
                        TABLE 93 NUSCALE POWER: OTHERS
             13.1.3 TERRESTRIAL ENERGY
                        TABLE 94 TERRESTRIAL ENERGY: BUSINESS OVERVIEW
                        TABLE 95 TERRESTRIAL ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 96 TERRESTRIAL ENERGY: DEALS
                        TABLE 97 TERRESTRIAL ENERGY: OTHERS
             13.1.4 MOLTEX ENERGY
                        TABLE 98 MOLTEX ENERGY: BUSINESS OVERVIEW
                        TABLE 99 MOLTEX ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 100 MOLTEX ENERGY: DEALS
             13.1.5 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY
                        TABLE 101 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: BUSINESS OVERVIEW
                        TABLE 102 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 103 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: DEALS
                        TABLE 104 GENERAL ELECTRIC-HITACHI NUCLEAR ENERGY: OTHERS
             13.1.6 X-ENERGY
                        TABLE 105 X-ENERGY: BUSINESS OVERVIEW
                        TABLE 106 X-ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 107 X-ENERGY: DEALS
             13.1.7 HOLTEC INTERNATIONAL
                        TABLE 108 HOLTEC INTERNATIONAL: BUSINESS OVERVIEW
                        TABLE 109 HOLTEC INTERNATIONAL: PRODUCTS/SERVICES OFFERED
                        TABLE 110 HOLTEC INTERNATIONAL: DEALS
             13.1.8 GENERAL ATOMICS
                        TABLE 111 GENERAL ATOMICS: BUSINESS OVERVIEW
                        TABLE 112 GENERAL ATOMICS: PRODUCTS/SERVICES OFFERED
                        TABLE 113 GENERAL ATOMICS: DEALS
             13.1.9 ARC CLEAN ENERGY
                        TABLE 114 ARC CLEAN ENERGY: BUSINESS OVERVIEW
                        TABLE 115 ARC CLEAN ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 116 ARC CLEAN ENERGY: DEALS
                        TABLE 117 ARC CLEAN ENERGY: OTHERS
             13.1.10 LEADCOLD REACTORS
                        TABLE 118 LEADCOLD REACTORS: BUSINESS OVERVIEW
                        TABLE 119 LEADCOLD REACTORS: PRODUCTS/SERVICES OFFERED
                        TABLE 120 LEADCOLD REACTORS: DEALS
             13.1.11 ROLLS-ROYCE
                        TABLE 121 ROLLS-ROYCE: BUSINESS OVERVIEW
                        FIGURE 43 ROLLS-ROYCE: COMPANY SNAPSHOT
                        TABLE 122 ROLLS-ROYCE: PRODUCTS/SERVICES OFFERED
                        TABLE 123 ROLLS-ROYCE: DEALS
             13.1.12 ULTRA SAFE NUCLEAR
                        TABLE 124 ULTRA SAFE NUCLEAR: BUSINESS OVERVIEW
                        TABLE 125 ULTRA SAFE NUCLEAR: PRODUCTS/SERVICES OFFERED
                        TABLE 126 ULTRA SAFE NUCLEAR: DEALS
                        TABLE 127 ULTRA SAFE NUCLEAR: OTHERS
             13.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS
                        TABLE 128 TOSHIBA ENERGY SYSTEMS & SOLUTIONS: BUSINESS OVERVIEW
                        TABLE 129 TOSHIBA ENERGY SYSTEMS & SOLUTIONS: PRODUCTS/SERVICES OFFERED
             13.1.14 TOKAMAK ENERGY
                        TABLE 130 TOKAMAK ENERGY: BUSINESS OVERVIEW
                        TABLE 131 TOKAMAK ENERGY: PRODUCTS/SERVICES OFFERED
                        TABLE 132 TOKAMAK ENERGY: DEALS
             13.1.15 SNC-LAVALIN GROUP
                        TABLE 133 SNC-LAVALIN GROUP: BUSINESS OVERVIEW
                        FIGURE 44 SNC-LAVALIN GROUP: COMPANY SNAPSHOT
                        TABLE 134 SNC-LAVALIN GROUP: PRODUCTS/SERVICES OFFERED
                        TABLE 135 SNC-LAVALIN GROUP: DEALS
     13.2 OTHER PLAYERS
             13.2.1 AFRIKANTOV OKB MECHANICAL ENGINEERING
             13.2.2 CHINA NATIONAL NUCLEAR CORPORATION (CNNC)
             13.2.3 FRAMATOME
             13.2.4 U-BATTERY
             13.2.5 OKLO
*Details on Business overview, Products/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 204)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved two major activities in estimating the current size of the small modular reactor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

The research study on the small modular reactor market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Atomic Energy Agency (IAEA), Nuclear Energy Agency, and others, to identify and collect information useful for this technical, market-oriented, and commercial study of the market. The other secondary sources included press releases, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

Primary sources included several industry experts from core and related industries, preferred suppliers, manufacturers, service providers, technology developers, and organizations related to all the segments of the nuclear industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts (SME), C-level executives of the key market players, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess the prospects of the market.

The breakdown of primary respondents is given below:

Small Modular Reactor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global small modular reactor market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Small modular reactor Market Size: Bottom-Up Approach

Small Modular Reactor Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from the demand side. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the small modular reactor market on the basis of reactor type, connectivity, deployment, location, and application
  • To forecast the market size in four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa, along with their key countries
  • To provide detailed information about the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the subsegments with respect to individual growth trends, prospects, and contributions to the overall market size
  • To analyze the market opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To strategically profile the key players and core competencies
  • To track and analyze competitive developments in the small modular reactor market, including contracts, agreements, expansions, investments, partnerships, collaborations, mergers, and acquisitions

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Small Modular Reactor Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Small Modular Reactor Market

Request For Special Pricing
Report Code
EP 7975
Published ON
Sep, 2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Small Modular Reactor Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home