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, Industrial), Coolant and Region - Global Forecast to 2030

Report Code: EP 7975 Aug, 2022, by marketsandmarkets.com

[216 Pages Report] The global small modular reactor market is projected to reach USD 7.0 billion by 2030 from an estimated USD 5.7 billion in 2022, at a CAGR of 2.7% 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

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COVID-19 Impact

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

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Market Dynamics

Driver: Versatile nature of nuclear power

The versatile nature of nuclear energy could enable the transition to a cleaner world and a stronger global economy. In recent decades, clean energy sources have witnessed rapid innovations and cost reductions. Solar photovoltaic, wind power, hydropower, dispatchable geothermal (both deep and shallow), biomass, and concentrating solar power have experienced rapid technological and economic advances in the last decade. Nuclear energy has the potential to be coupled with several 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, the ability to replace aging fossil fuel-fired power plants, and the 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 in total energy production is increasing on all the continents, SMRs are considered a 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. When coupled with variable energy sources such as wind, solar, wave, and tidal energy, SMRs can mitigate fluctuations that occur daily or seasonally fluctuations.

Restraints: Adherence to standards/regulations concerning the 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 International Atomic Energy Agency (IAEA), the EPZ is the area where preparations are made to promptly implement urgent protective actions based on environmental monitoring data and the assessment of facility conditions, the goal being to avert doses of radioactive particles specified in international standards. According to the US Nuclear Regulatory Commission (NRC), two EPZs surround 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 must 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: Integration of SMRs with renewable energy sources

Renewable energy sources, such as wind and solar photovoltaics, play a vital role in decarbonizing the power sector while meeting the growing energy demand. This goal can be achieved by scaling up the deployment of renewable energy systems. However, the increasing share of renewable energy tends to affect the electrical grid operation. Solar photovoltaic arrays generate fluctuating energy depending on weather, latitude, and season. Wind energy is also affected by both seasonal and daily weather patterns.

SMRs are good alternatives to baseload fossil fuel systems and retiring large nuclear plants, as they have a small capacity and are less capital-intensive. These reactors play an integral role with the renewables to mitigate the negative impact of conventional energy sources. Furthermore, SMRs are designed with load-following characteristics that adjust the power output as electricity demand fluctuates.

SMRs can operate flexibly in electricity systems with variable residual loads, especially in regions pursuing the extensive penetration of variable renewable energy (wind, solar photovoltaics). Integrated hybrid energy systems, which involve the coupling of SMRs with non-electric applications such as hydrogen generation, synthetic fuels, and desalination, would also support variable renewable energy deployment. These integrated systems can improve the overall reliability and resilience of the energy system, making them an economically attractive option.

Challenges: Lack of standard licensing process

Licensing is a potential challenge associated with SMRs, as design certification, construction, and operation license costs are equivalent to that of large reactors. Current licensing regimes found within established nuclear markets are designed for large nuclear power plants and could challenge the potential deployment of SMRs, as they do not allow for the cost-efficient deployment of SMRs. The site-specific requirements, in particular, may be challenging for the repeat build of identical units based on a reference standard design.

The novel approaches in the conceptual design and deployment of small modular reactors can pose challenges to the existing licensing frameworks. The SMR designs and concepts that are currently being developed are simpler compared with existing large nuclear reactors. The safety of SMRs relies on passive safety systems and inherent safety characteristics of the reactor, such as low power and operating pressure. SMRs are less dependent on electrical safety systems, operational measures, and human intervention than large nuclear reactors. Therefore, the usual licensing approach, based on overlapping safety provisions to compensate for potential mechanical and human failures, may not be appropriate for SMRs, and regulatory bodies should consider new ideas for the licensing of SMRs.

Harmonizing different licensing approaches would likely be a fundamental determinant in the deployment of SMR technologies. The IAEA is establishing a technology-neutral framework for safety to help harmonize international approaches based on existing IAEA safety standards, as SMRs are technologically diverse. Such a technology-neutral framework consists of societal and health objectives, risk targets, and high-level safety principles and requirements, which then can be elaborated in national frameworks to address regulatory and technical elements depending on the specific technology used. According to the World Nuclear Association, there are two main approaches to licensing plants: prescriptive versus goal setting/performance-based. The prescriptive approach sets very detailed regulatory requirements that a nuclear facility and operator must meet to be licensed. The goal-setting approach sets out a safety target, usually in risk terms. In this approach, the licensee must show that the design and operation achieve the set target.

The licensing of SMRs is not likely to be straightforward. Licensing is time-consuming and costly, involving detailed analyses and reviews, especially in countries such as the US and Western Europe. In most countries, current licensing procedures would have to be adapted to fit SMRs. The unique characteristics of SMRs are not documented from a regulatory perspective, even in the case of SMR designs that use light water as the coolant and moderator. Light-water SMRs involve integrating primary system components into the reactor pressure vessel and the use of passive recirculation modes with low coolant flows under operational and accident situations. As regulatory provisions are not available to deal with some of these novel features, several of these design concepts would have to be justified by designers and accepted by regulators before generic licenses are issued and may cause delays in licensing SMRs.

The off-grid segment is expected to be the largest segment of the small modular reactor, by connectivity.

Off-grid deployed SMRs for operations are not connected to a large-scale electricity grid. Instead, these are located closer to the demand. Most SMRs are designed for remote locations where it is not feasible to site larger nuclear power plants. Off-grid SMRs located in remote communities, islands, and mining sites can be used for power generation and other non-electric applications.

The multi-module power plant segment is expected to be the largest segment of the small modular reactor, By deployment.

Multi-module power plants are designed to allow the addition of multiple reactors close to the same infrastructure and can be equipped with additional power units on the same site. The growth of this segment is driven by the ease of financing additional units of multi multi-module power. Multi-module plant designs permit a wide range of simultaneous applications, as some modules can be dedicated to electricity production, while others provide heat to support industrial processes or produce hydrogen. This characteristic of multi-module plant design is suited for hybrid energy applications, in which multiple energy sources are integrated with multiple energy consumption processes to form a highly optimized and efficient system.

The desalination is expected to be the second largest segment of the small modular reactor, By application.

By application the desalination segment of the small modular reactor market, is the second fastest growing market owing to increasing demand for potable water in arid and semi-arid zones. SMRs can be used for nuclear desalination, where potable water is produced from seawater in a facility. Desalination plants may also be designed to produce potable water or used as a co-generation nuclear power plants to generate electricity.

Asia Pacific is expected to dominate the global small modular reactor market.

The Asia Pacific region is estimated to be the largest market for the small modular reactor market, followed by Europe. Asia Pacific market is driven by the growing demand for low-carbon, reliable, and flexible baseload power generation to complement variable renewable energy. Rise in deployment of SMRs in coastal, island, and offshore areas to fuel market of SMRs and offshore floating nuclear reactors in China. Furthermore, in Japan, integration of renewable energy sources with SMR to provide lucrative growth opportunities.

Small Modular Reactor Market Size, and Share

Key Market Players

The major players in the global small modular reactor market are GE Hitachi Nuclear Energy (US), Moltex Energy (Canada), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada) and Westinghouse Electric Corporation (US.

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Scope of the Report

Report Metric

Details

Market Size available for years

2019–2030

Base year considered

2021

Forecast period

2022–2030

Forecast units

Value (USD)

Segments covered

Coolant, Type, Connectivity, Deployment, Location, and Application

Geographies covered

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

Companies covered

Westinghouse Electric Corporation (US), NuScale Power, LLC. (US), GE Hitachi Nuclear Energy (US), Terrestrial Energy Inc.(Canada), Moltex Energy (Canada), X-energy (US), Hotec International (US), General 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
    • Lead-cooled Reactor
    • Lead-bismuth Reactor
    • Sodium-cooled Reactor
  • Molten Salt Reactor

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

  • Heavy Liquid Metals
  • Molten Salt
  • Gases
  • Water

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
  • Desalination
  • Hydrogen 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.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
           FIGURE 1 SMALL MODULAR REACTOR MARKET: RESEARCH DESIGN
    2.2 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 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 DEMAND-SIDE CALCULATION
                    FIGURE 8 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR SMALL MODULAR REACTORS
                    2.3.3.1 Assumptions for demand-side analysis
           2.3.4 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 39)
    TABLE 1 SMALL MODULAR REACTOR MARKET: SNAPSHOT
    FIGURE 9 ASIA PACIFIC DOMINATED SMALL MODULAR REACTOR MARKET IN 2021
    FIGURE 10 WATER SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SMALL MODULAR REACTOR MARKET, BY COOLANT, FROM 2022 TO 2030
    FIGURE 11 LIGHT-WATER REACTORS TO ACCOUNT FOR LARGEST SHARE OF SMALL MODULAR REACTOR MARKET, BY TYPE, FROM 2022 TO 2030
    FIGURE 12 OFF-GRID SEGMENT TO LEAD SMALL MODULAR REACTOR MARKET DURING FORECAST PERIOD
    FIGURE 13 MULTI-MODULE SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, DURING FORECAST PERIOD
    FIGURE 14 LAND SEGMENT TO ACCOUNT FOR LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY LOCATION, DURING 2022–2030
    FIGURE 15 INDUSTRIAL SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF SMALL MODULAR REACTOR MARKET, BY APPLICATION, FROM 2022 TO 2030

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES FOR SMALL MODULAR REACTOR MARKET PLAYERS
           FIGURE 16 LOW COST OF SMRS DUE TO MODULARIZATION AND FACTORY CONSTRUCTION IS EXPECTED TO DRIVE SMALL MODULAR REACTOR MARKET DURING  2021–2030
    4.2 SMALL MODULAR REACTOR MARKET, BY REGION
           FIGURE 17 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 SMALL MODULAR REACTOR MARKET, BY COOLANT
           FIGURE 18 WATER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY COOLANT, IN 2030
    4.4 SMALL MODULAR REACTOR MARKET, BY TYPE
           FIGURE 19 LIGHT-WATER REACTORS ACCOUNTED FOR LARGEST MARKET SHARE, BY TYPE, IN 2021
    4.5 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY
           FIGURE 20 OFF-GRID SEGMENT HELD LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, IN 2021
    4.6 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT
           FIGURE 21 MULTI-MODULE POWER PLANT HELD LARGER SHARE OF SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, IN 2021
    4.7 SMALL MODULAR REACTOR MARKET, BY LOCATION
           FIGURE 22 LAND SEGMENT DOMINATED SMALL MODULAR REACTOR MARKET, BY LOCATION, IN 2021
    4.8 SMALL MODULAR REACTOR MARKET, BY APPLICATION
           FIGURE 23 INDUSTRIAL SEGMENT DOMINATED SMALL MODULAR REACTOR MARKET, BY APPLICATION, IN 2021
    4.9 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY
           FIGURE 24 LIGHT-WATER REACTORS AND CHINA WERE LARGEST SHAREHOLDERS IN SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC IN 2021

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 25 SMALL MODULAR REACTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Versatile nature of nuclear power
                               FIGURE 26 GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2010–2020
                    5.2.1.2 Benefits of modularization and factory construction
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulatory policies and standards to deploy SMRs
                    5.2.2.2 Negative public perception of nuclear power technology
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Progression into sustainable future with net zero emission and decarbonization of energy sector
                    5.2.3.2 Integration of SMRs with renewable energy sources
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of standard licensing process
    5.3 COVID-19 IMPACT
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.4.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL MODULAR REACTOR MARKET PLAYERS
                    FIGURE 27 REVENUE SHIFT OF SMALL MODULAR REACTOR PROVIDERS
    5.5 PRICING ANALYSIS
           TABLE 2 CAPEX OF SMALL MODULAR REACTOR PROJECTS, BY TYPE
    5.6 SUPPLY CHAIN ANALYSIS
           FIGURE 28 SMALL MODULAR REACTOR MARKET: SUPPLY CHAIN ANALYSIS
           5.6.1 COMPONENT MANUFACTURERS
           5.6.2 SMALL MODULAR REACTOR MANUFACTURERS
           5.6.3 SMALL MODULAR REACTOR SUPPORT SERVICE PROVIDERS/ INTEGRATORS
           5.6.4 END-USERS
    5.7 ECOSYSTEM/MARKET MAP
           TABLE 3 SMALL MODULAR REACTOR MARKET: ECOSYSTEM
    5.8 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 4 SMALL MODULAR REACTOR MARKET: LIST OF CONFERENCES AND EVENTS
    5.9 SMALL MODULAR REACTOR MARKET: REGULATIONS
           5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 8 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.2 STANDARDS AND REGULATIONS
                    TABLE 9 SMALL MODULAR REACTOR MARKET: STANDARDS AND REGULATIONS
    5.10 PATENT ANALYSIS
    5.11 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR SMALL MODULAR REACTOR MARKET
                    TABLE 10 SMALL MODULAR REACTOR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.11.1 THREAT OF SUBSTITUTES
           5.11.2 BARGAINING POWER OF SUPPLIERS
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 THREAT OF NEW ENTRANTS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 TECHNOLOGY ANALYSIS
    5.13 TRADE ANALYSIS
           5.13.1 EXPORT SCENARIO
                    TABLE 11 EXPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2017–2021 (USD MILLIONS)
                    FIGURE 30 EXPORT DATA FOR TOP 5 COUNTRIES, 2017–2021 (USD THOUSANDS)
           5.13.2 IMPORT SCENARIO
                    TABLE 12 IMPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2017–2021 (USD MILLIONS)
                    FIGURE 31 IMPORT DATA FOR TOP 5 COUNTRIES, 2017–2021 (USD THOUSANDS)
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE APPLICATIONS
                    TABLE 13 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 33 KEY BUYING CRITERIA FOR THREE APPLICATIONS
                    TABLE 14 KEY BUYING CRITERIA FOR THREE APPLICATIONS

6 SMALL MODULAR REACTOR MARKET, BY COOLANT (Page No. - 75)
    6.1 INTRODUCTION
           FIGURE 34 SMALL MODULAR REACTOR MARKET, BY COOLANT, 2021
           TABLE 15 SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2030 (USD MILLION)
    6.2 HEAVY LIQUID METALS
           6.2.1 THERMODYNAMIC PROPERTIES OF HEAVY LIQUID METALS TO SUPPORT MARKET GROWTH
                    TABLE 16 HEAVY LIQUID METALS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    6.3 WATER
           6.3.1 CAN BE USED AS SUPER-CRITICAL COOLANT IN REACTORS
                    TABLE 17 WATER: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    6.4 MOLTEN SALTS
           6.4.1 HAVE POTENTIAL TO SERVE VARIED HIGH-TEMPERATURE APPLICATIONS
                    TABLE 18 MOLTEN SALTS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    6.5 GASES
           6.5.1 OFFER IMPROVED EFFICIENCY IN GAS-COOLED REACTOR-RELATED PROCESSES
                    TABLE 19 GASES: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

7 SMALL MODULAR REACTOR MARKET, BY TYPE (Page No. - 79)
    7.1 INTRODUCTION
           FIGURE 35 SMALL MODULAR REACTOR MARKET, BY TYPE, 2021 (USD MILLION)
           TABLE 20 SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2030 (USD MILLION)
    7.2 HEAVY-WATER REACTORS
           7.2.1 USE NATURAL AND LOW ENRICHED URANIUM
                    TABLE 21 HEAVY-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    7.3 LIGHT-WATER REACTORS
           7.3.1 HAVE HIGH DEGREE OF TECHNOLOGICAL READINESS
                    TABLE 22 LIGHT-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
                    TABLE 23 LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2019–2030 (USD MILLION)
           7.3.2 PRESSURIZED-WATER REACTORS
                    TABLE 24 PRESSURIZED-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
           7.3.3 BOILING-WATER REACTORS
                    TABLE 25 BOILING-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    7.4 HIGH-TEMPERATURE REACTORS
           7.4.1 USEFUL IN VARIOUS HIGH-TEMPERATURE INDUSTRIAL APPLICATIONS
                    TABLE 26 HIGH-TEMPERATURE REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    7.5 FAST-NEUTRON REACTORS
           7.5.1 HELP REDUCE NUCLEAR WASTE
                    TABLE 27 FAST NEUTRON REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
           7.5.2 LEAD-COOLED REACTORS
           7.5.3 LEAD-BISMUTH REACTORS
           7.5.4 SODIUM-COOLED REACTORS
    7.6 MOLTEN SALT REACTORS
           7.6.1 LIKELY TO BE ADOPTED BY COUNTRIES THAT SPEND SIGNIFICANTLY ON NUCLEAR FUEL
                    TABLE 28 MOLTEN SALT REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

8 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY (Page No. - 88)
    8.1 INTRODUCTION
           FIGURE 36 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2021
           TABLE 29 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2030 (USD MILLION)
    8.2 OFF-GRID
           8.2.1 REQUIREMENT FOR CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION
                    TABLE 30 OFF-GRID: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    8.3 GRID-CONNECTED
           8.3.1 INTEGRATION OF RENEWABLES TO STRENGTHEN MARKET GROWTH
                    TABLE 31 GRID-CONNECTED: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

9 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT (Page No. - 92)
    9.1 INTRODUCTION
           FIGURE 37 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2021
           TABLE 32 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2030 (USD MILLION)
    9.2 SINGLE-MODULE POWER PLANT
           9.2.1 RELATIVE EASE OF LICENSING TO DRIVE MARKET GROWTH
                    TABLE 33 SINGLE-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
    9.3 MULTI-MODULE POWER PLANT
           9.3.1 EASE OF FINANCING ADDITIONAL UNITS OF MULTI-MODULE POWER PLANT TO DRIVE MARKET
                    TABLE 34 MULTI-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

10 SMALL MODULAR REACTOR MARKET, BY LOCATION (Page No. - 96)
     10.1 INTRODUCTION
               FIGURE 38 SMALL MODULAR REACTOR MARKET, BY LOCATION, 2021
               TABLE 35 SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2030 (USD MILLION)
     10.2 LAND
             10.2.1 HIGHER THERMAL EFFICIENCY TO DRIVE MARKET
                       TABLE 36 LAND: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
     10.3 MARINE
             10.3.1 DEPLOYMENT IN ISLANDS, REMOTE, AND COASTAL REGIONS TO BOOST MARKET GROWTH
                       TABLE 37 MARINE: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

11 SMALL MODULAR REACTOR MARKET, BY APPLICATION (Page No. - 100)
     11.1 INTRODUCTION
               FIGURE 39 SMALL MODULAR REACTOR MARKET: BY APPLICATION, 2021
               TABLE 38 SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
     11.2 POWER GENERATION
             11.2.1 EASE OF SITING AND OPERATING FLEXIBILITY DRIVE DEMAND FOR SMALL MODULAR REACTORS IN POWER GENERATION APPLICATIONS
                       TABLE 39 POWER GENERATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
     11.3 DESALINATION
             11.3.1 INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES DRIVES MARKET GROWTH
                       TABLE 40 DESALINATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
     11.4 INDUSTRIAL
             11.4.1 ANTICIPATED DEPLOYMENT OF SMR IN DIVERSE INDUSTRIAL APPLICATIONS TO BOOST MARKET GROWTH
                       TABLE 41 INDUSTRIAL: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
                       TABLE 42 SMALL MODULAR REACTOR MARKET, BY INDUSTRIAL, 2019–2030 (USD MILLION)
                       TABLE 43 PROCESS HEAT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
                       TABLE 44 OTHERS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
             11.4.2 PROCESS HEAT
             11.4.3 CAPTIVE ELECTRICITY GENERATION
             11.4.4 DISTRICT HEATING
     11.5 HYDROGEN PRODUCTION
             11.5.1 ABILITY TO MAXIMIZE LOAD FACTORS AND POWER PLANT EFFICIENCY TO DRIVE MARKET
                       TABLE 45 HYDROGEN PRODUCTION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 107)
     12.1 INTRODUCTION
               FIGURE 40 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2022 TO 2030
     FIGURE 41 SMALL MODULAR REACTOR MARKET SHARE, BY REGION, 2021 (%)
     TABLE 46 SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2030 (USD MILLION)
     12.2 ASIA PACIFIC
               FIGURE 42 ASIA PACIFIC: SNAPSHOT OF SMALL MODULAR REACTOR MARKET IN 2021
               TABLE 47 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2030 (USD MILLION)
               TABLE 48 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2030 (USD MILLION)
               TABLE 49 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2030 (USD MILLION)
               TABLE 50 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2030 (USD MILLION)
               TABLE 51 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2030 (USD MILLION)
               TABLE 52 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
               TABLE 53 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2030 (USD MILLION)
               12.2.1 CHINA
                       12.2.1.1 Deploys SMRs in coastal, island, and offshore areas
                                   TABLE 54 CHINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.2.2 JAPAN
                       12.2.2.1 Integrates renewable energy sources with SMRs
                                   TABLE 55 JAPAN: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.2.3 INDIA
                       12.2.3.1 Witnesses prevailing negative perspective about nuclear power technology
                                   TABLE 56 INDIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.2.4 SOUTH KOREA
                       12.2.4.1 Develops SMRs for floating power plants
                                   TABLE 57 SOUTH KOREA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.2.5 REST OF ASIA PACIFIC
                       TABLE 58 REST OF ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
     12.3 EUROPE
               FIGURE 43 EUROPE: SMALL MODULAR REACTOR MARKET SNAPSHOT, 2021
               TABLE 59 EUROPE: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2030 (USD MILLION)
               TABLE 60 EUROPE: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2030 (USD MILLION)
               TABLE 61 EUROPE: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2030 (USD MILLION)
               TABLE 62 EUROPE: MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2030 (USD MILLION)
               TABLE 63 EUROPE: SMLL MODULAR REACTOR MARKET, BY LOCATION, 2019–2030 (USD MILLION)
               TABLE 64 EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
               TABLE 65 EUROPE: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2030 (USD MILLION)
             12.3.1 RUSSIA
                       12.3.1.1 Adopts SMRs for power generation in remote areas
                                   TABLE 66 RUSSIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.3.2 UK
                       12.3.2.1 Government is keen on investing in SMR programs
                                   TABLE 67 UK: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.3.3 FRANCE
                       12.3.3.1 Witnesses limited market due to referendum against nuclear power
                                   TABLE 68 FRANCE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.3.4 REST OF EUROPE
                       TABLE 69 REST OF EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
     12.4 AMERICAS
               TABLE 70 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2030 (USD MILLION)
               TABLE 71 AMERICAS: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2030 (USD MILLION)
               TABLE 72 AMERICAS: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2030 (USD MILLION)
               TABLE 73 AMERICAS: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2030 (USD MILLION)
               TABLE 74 AMERICAS: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2030 (USD MILLION)
               TABLE 75 AMERICAS: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
               TABLE 76 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2030 (USD MILLION)
             12.4.1 US
                       12.4.1.1 US government has launched SMR Licensing Technical Support
                                   TABLE 77 US: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.4.2 CANADA
                       12.4.2.1 Witnesses demand from remote locations
                                   TABLE 78 CANADA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.4.3 ARGENTINA
                       12.4.3.1 Focused on power generation and desalination
                                   TABLE 79 ARGENTINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA
               TABLE 80 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2030 (USD MILLION)
               TABLE 81 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2030 (USD MILLION)
               TABLE 82 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2030 (USD MILLION)
               TABLE 83 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2030 (USD MILLION)
               TABLE 84 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2030 (USD MILLION)
               TABLE 85 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
               TABLE 86 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2030 (USD MILLION)
             12.5.1 SAUDI ARABIA
                       12.5.1.1 Keen on reducing dependency on fossil fuels to generate power
                                   TABLE 87 SAUDI ARABIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.5.2 SOUTH AFRICA
                       12.5.2.1 Interested in Generation II and III technologies
                                   TABLE 88 SOUTH AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)
             12.5.3 REST OF MIDDLE EAST & AFRICA
                       TABLE 89 REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2030 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 136)
     13.1 OVERVIEW
               FIGURE 44 KEY DEVELOPMENTS IN SMALL MODULAR REACTOR MARKET, 2018 TO 2022
     13.2 MARKET EVALUATION FRAMEWORK
               TABLE 90 MARKET EVALUATION FRAMEWORK, 2018–2022
     13.3 RECENT DEVELOPMENTS
             13.3.1 DEALS
                       13.3.1.1 Small modular reactor market: Deals, 2018–2022
             13.3.2 OTHERS
                       13.3.2.1 Small modular reactor market: Others, 2018–2022
     13.4 COMPETITIVE LEADERSHIP AND MAPPING
             13.4.1 STARS
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE PLAYERS
             13.4.4 PARTICIPANTS
                       FIGURE 45 SMALL MODULAR REACTOR MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
                       TABLE 91 COMPANY TYPE FOOTPRINT
                       TABLE 92 COMPANY APPLICATION FOOTPRINT
                       TABLE 93 COMPANY REGION FOOTPRINT

14 COMPANY PROFILES (Page No. - 147)
     14.1 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)*
             14.1.1 WESTINGHOUSE ELECTRIC COMPANY LLC
                       TABLE 94 WESTINGHOUSE ELECTRIC COMPANY LLC: BUSINESS OVERVIEW
                       TABLE 95 WESTINGHOUSE ELECTRIC COMPANY LLC: PRODUCTS OFFERED
                       TABLE 96 WESTINGHOUSE ELECTRIC COMPANY LLC: OTHERS
             14.1.2 NUSCALE POWER, LLC.
                       TABLE 97 NUSCALE POWER, LLC.: BUSINESS OVERVIEW
                       TABLE 98 NUSCALE POWER, LLC.: PRODUCTS OFFERED
                       TABLE 99 NUSCALE POWER, LLC.: DEALS
                       TABLE 100 NUSCALE POWER, LLC.: OTHERS
             14.1.3 TERRESTRIAL ENERGY INC.
                       TABLE 101 TERRESTRIAL ENERGY INC.: BUSINESS OVERVIEW
                       TABLE 102 TERRESTRIAL ENERGY INC.: PRODUCTS OFFERED
                       TABLE 103 TERRESTRIAL ENERGY INC.: DEALS
                       TABLE 104 TERRESTRIAL ENERGY INC.: OTHERS
             14.1.4 MOLTEX ENERGY
                       TABLE 105 MOLTEX ENERGY: BUSINESS OVERVIEW
                       TABLE 106 MOLTEX ENERGY: PRODUCTS OFFERED
                       TABLE 107 MOLTEX ENERGY: DEALS
             14.1.5 GE HITACHI NUCLEAR ENERGY
                       TABLE 108 GE HITACHI NUCLEAR ENERGY: BUSINESS OVERVIEW
                       TABLE 109 GE HITACHI NUCLEAR ENERGY: PRODUCTS OFFERED
                       TABLE 110 GE HITACHI NUCLEAR ENERGY: DEALS
                       TABLE 111 GE HITACHI NUCLEAR ENERGY: OTHERS
             14.1.6 X ENERGY, LLC.
                       TABLE 112 X ENERGY, LLC.: BUSINESS OVERVIEW
                       TABLE 113 X ENERGY, LLC.: PRODUCTS OFFERED
                       TABLE 114 X ENERGY, LLC.: DEALS
             14.1.7 HOLTEC INTERNATIONAL
                       TABLE 115 HOLTEC INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 116 HOLTEC INTERNATIONAL: PRODUCTS OFFERED
                       TABLE 117 HOLTEC INTERNATIONAL: DEALS
             14.1.8 GENERAL ATOMICS
                       TABLE 118 GENERAL ATOMICS: BUSINESS OVERVIEW
                       TABLE 119 GENERAL ATOMICS: PRODUCTS OFFERED
                       TABLE 120 GENERAL ATOMICS: DEALS
             14.1.9 ARC CLEAN ENERGY, INC.
                       TABLE 121 ARC CLEAN ENERGY, INC.: BUSINESS OVERVIEW
                       TABLE 122 ARC CLEAN ENERGY, INC.: PRODUCTS OFFERED
                       TABLE 123 ARC CLEAN ENERGY, INC.: DEALS
                       TABLE 124 ARC CLEAN ENERGY, INC.: OTHERS
             14.1.10 LEADCOLD REACTORS
                       TABLE 125 LEADCOLD REACTORS: BUSINESS OVERVIEW
                       TABLE 126 LEADCOLD REACTORS: PRODUCTS OFFERED
                       TABLE 127 LEADCOLD REACTORS: DEALS
             14.1.11 ROLLS-ROYCE PLC
                       TABLE 128 ROLLS-ROYCE PLC: BUSINESS OVERVIEW
                       FIGURE 46 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
                       TABLE 129 ROLLS-ROYCE PLC: PRODUCTS OFFERED
                       TABLE 130 ROLLS-ROYCE PLC: DEALS
             14.1.12 ULTRA SAFE NUCLEAR
                       TABLE 131 ULTRA SAFE NUCLEAR: BUSINESS OVERVIEW
                       TABLE 132 ULTRA SAFE NUCLEAR: PRODUCTS OFFERED
                       TABLE 133 ULTRA SAFE NUCLEAR: DEALS
                       TABLE 134 ULTRA SAFE NUCLEAR: OTHERS
                       14.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
                                   TABLE 135 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: BUSINESS OVERVIEW
                                   TABLE 136 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS OFFERED
             14.1.14 TOKAMAK ENERGY LTD.
                       TABLE 137 TOKAMAK ENERGY LTD.: BUSINESS OVERVIEW
                       TABLE 138 TOKAMAK ENERGY LTD.: PRODUCTS OFFERED
                       TABLE 139 TOKAMAK ENERGY LTD.: DEALS
             14.1.15 SNC-LAVALIN GROUP
                       TABLE 140 SNC-LAVALIN GROUP: BUSINESS OVERVIEW
                       FIGURE 47 SNC-LAVALIN GROUP: COMPANY SNAPSHOT
                       TABLE 141 SNC-LAVALIN GROUP: PRODUCTS OFFERED
                       TABLE 142 SNC-LAVALIN GROUP: DEALS
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 AFRIKANTOV OKB MECHANICAL ENGINEERING
             14.2.2 CHINA NATIONAL NUCLEAR CORPORATION
             14.2.3 FRAMATOME
             14.2.4 U-BATTERY
             14.2.5 SEABORG TECHNOLOGIES

15 APPENDIX (Page No. - 209)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 CUSTOMIZATION OPTIONS
     15.5 RELATED REPORTS
     15.6 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 Share

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

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 coolant, 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)
Report Code
EP 7975
Published ON
Aug, 2022
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