Small Modular Reactor Market Size, Share and Trends

Report Code EP 7975
Published in Nov, 2024, By MarketsandMarkets™
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Small Modular Reactor Market by Type (HWR, LWR, HTR, FNR, MSR), Application (Power Generation, Desalination, Hydrogen Production, Industrial), Deployment (Single, Multi), Connectivity, Location, Coolant, Power Rating Region - Global Forecast to 2030

 

Overview

The small modular reactor market is projected to grow from USD 6.00 billion in 2024 to USD 7.14 billion by 2030 at a CAGR of 3.0%. This growth can be attributed to the rapid industrialization, urbanization, and decarbonization goals, mainly within Asia Pacific and the Americas. Furthermore, strong investments in SMR technology drive the market's growth.

The increasing demand for clean power from data centers due to the growth of artificial intelligence drives the market's growth during the forecast period. Technology Giants such as Amazon and Google are investing in SMR technology.

Small Modular Reactors Market

Attractive Opportunities in the Small Modular Reactors Market

ASIA OCEANIA

Asia Pacific is expected to be the largest market for small modular reactors. The increasing demand for electricity due to rapid industrialization and urbanization are key drivers for this growth.

Growing demand for clean power from data centers will boost the demand for small modular reactors in the next five years.

The growing demand for clean energy to achieve net zero emission goals presents opportunities for small modular reactors.

The expansion of sectors like generative AI and power generation fuels demand for small modular reactors.

North America is expected to be the fastest-growing market for small modular reactors during the forecast period.

Global Small Modular Reactors Market Dynamics

Driver: Modular nature and factory construction of small modular reactors offer cost-effectiveness and scalability

Modularization simplifies the construction of nuclear power plants by subdividing plant structures, equipment, and/or components into modules that can be manufactured in a purpose-built factory, transported, and then assembled on site. The other potential advantages of modular construction include cost reduction. Cost optimization can be expected from the construction or pre-assembly of modules in a factory away from the site of installation due to increased labor productivity, quality control, and reduced project management risks. Also, the modular nature of SMRs offers significant scalability, allowing utilities to initially install a single reactor to address current energy demands.

The superior properties of small modular reactors drive the growth of the SMR market.

Restraints: Negative public perception of nuclear power technology

The poor public image of nuclear technology generally complicates the progress of small modular reactor technology. With low public awareness about the limited chances of mishaps occurring, public opinion has persistently centered on the possible effects of nuclear accidents. Examples of such disasters include the Three Mile Island accident in the US in March 1979 and the more severe Chornobyl nuclear accident in the Soviet Union in April 1986 which are credited with influencing public perception about 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. Incidents such as these have created a negative reputation for nuclear technologies and connected activities among the public, owing to which the adoption rate of SMR technologies and associated solutions might be hindered.

Some of the prevalent challenges facing nuclear projects, SMRs included, are issues of public acceptance. Nuclear power has attracted public anxiety over safety and waste handling across decades. Engaging communities and addressing such concerns must be carried out in order to secure public support for SMR projects.

 

Opportunities: Growing demand for clean power from data centers

As the demand for generative artificial intelligence (AI) continues to surge, data centers are experiencing unprecedented increases in power loads. This growing energy consumption contributes to the overall growth in electricity demand from technology providers. Technology giants are focusing on reducing their carbon emissions. SMRs present a great opportunity for these companies to use clean power as they offer low-carbon energy that provides supplementary power for the growing power requirements of data centers. Bringing SMRs into the energy strategy of tech giants can help ensure stable power availability for their operations and reduce their ecological footprint by a huge margin.

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. Site-specific requirements may be challenging for recurrent building of identical units based on a reference standard design. Novel approaches in conceptual design and the deployment of small modular reactors can pose challenges to the existing licensing frameworks.

Harmonizing different licensing approaches would likely be a fundamental determinant in the deployment of SMR technologies.

Global Small Modular Reactors Market Ecosystem Analysis

Key players in this industry include China National Nuclear Corporation (China), State Atomic Energy Corporation Rosatom (Russia), Westinghouse Electric Company (US), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), and GE Hitachi Nuclear Energy (US)). These companies are renowned for their reliability and financial stability as providers of small modular reactors. They offer a diverse range of products, cutting-edge technology, extensive experience, and robust global sales and marketing networks. Their proven track record in the industry makes them trusted and knowledgeable partners for clients seeking small modular reactors. These are the companies that have proved that they can still deliver good products and services under the changing market dynamics.

Top Companies in Small Modular Reactors Market
 

By type, light water reactors expected to be largest segment during forecast period

Light water reactors use regular water as a coolant and a neutron moderator, allowing for easier designs and operation with added safety capabilities. Because LWRs maintain safe and efficient operation, these reactors are extremely popular with countries that wish to expand or develop their nuclear power generation capabilities. The capability to produce a massive quantity of electricity with minimal emission of greenhouse gases fits in well with the global efforts to shift to cleaner energy sources.

By coolant, gases expected to be second-largest market during forecast period

A gas-cooled reactor uses helium and CO2 as coolant mediums during operation. It can be easily pressurized and maintain a stable high temperature, facilitating higher efficiency in the operations. Gas-cooled reactors, especially those using helium, benefit from high outlet temperatures suitable for electricity generation and industrial processes. Helium, being chemically inert, reduces corrosion risks and enhances safety. Using gas as a medium in the reactor can stop the occurrence of corrosion on the surfaces of the reactor, which reduces the need for maintenance. These operational advantages are pushing the growth of the gases segment.

Americas: fastest small modular reactors market during forecast period

The US, Canada, and Argentina are considered under the Americas region for the small modular reactors market. Increasing investments in the region drive the growth of the market in the region. Furthermore, technology giants such as Amazon, Oracle, and Google have announced plans to purchase power from SMR developers and investments in SMR technology due to a surge in their power requirements driven by data centers.

Additionally, stringent environmental policies across the region compel industries to adopt small modular reactors in efforts to comply with standards on emissions and waste management.

HIGHEST CAGR: 2024-2030
US: FASTEST-GROWING MARKET IN REGION
Small Modular Reactors Market Size and Share

Recent Developments of Small Modular Reactors Market

  • In June 2024, KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC signed an MOU with Rwanda to cooperate on small modular reactors and Used Battery Energy Storage Systems (UBESS) during the Korea-Africa Summit. Both parties agreed to provide technical support, business cooperation, and personnel exchange to enhance Rwanda's energy infrastructure and address its growing electricity demand.
  • In July 2023, X-energy and Energy Northwest signed a joint development agreement to deploy up to 12 Xe-100 advanced small modular reactors in central Washington, capable of generating 960 megawatts of carbon-free electricity by 2030. This partnership aims to strengthen the region's clean energy grid and create job opportunities while meeting growing energy demand.

Key Market Players

List of Top Small Modular Reactors Market Companies

The Small Modular Reactors Market is dominated by a few major players that have a wide regional presence. The major players in the Small Modular Reactors Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2019–2030
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million/Billion)
Segments Covered Small modular reactors Market by type, deployment, location, coolant, connectivity, power rating, and region.
Regions covered Americas, Europe, Asia Pacific, Middle East & Africa

 

Key Questions Addressed by the Report

What is the current size of the small modular reactors market?
The current market size of the small modular reactors market is USD 6.00 billion in 2024.
What are the major drivers for the small modular reactors market?
Increased industrialization and decarbonization goals have emerged as some of the major drivers for the small modular reactors market.
Which is the largest market for small modular reactors during the forecast period?
Asia Pacific is expected to dominate the small modular reactors market between 2024 and 2030, followed by Europe. North America is expected to witness the fastest growth due to growing investments in the region.
Which application segment is expected to be the largest in the small modular reactors market during the forecast period?
The industrial segment is undergoing significant growth due to the need for low-carbon heat for industrial purposes.
Which is expected to be the largest coolant segment in the small modular reactors market during the forecast period?
Water is expected to be the largest coolant segment during the forecast period, followed by gases.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
27
RESEARCH METHODOLOGY
32
EXECUTIVE SUMMARY
43
PREMIUM INSIGHTS
49
MARKET OVERVIEW
54
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing focus on decarbonization to align with net zero emission goals
    - Cost-effectiveness and scalability due to modular nature and factory construction
    - Growing investments in SMR technology
    RESTRAINTS
    - Stringent regulatory policies and standards
    - Negative public perception of nuclear power technology
    OPPORTUNITIES
    - Minimizing risk associated with nuclear operations
    - Integration of SMRs with renewable energy sources
    CHALLENGES
    - Lack of standard licensing process
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 SUPPLY CHAIN ANALYSIS
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 INVESTMENT FROM DATA CENTERS/AI COMPANIES IN SMR/NUCLEAR ENERGY
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Nuclear Fission
    - Light Water Reactors
    - Heavy Water Reactors
    - Fast Neutron Reactors
    - Molten Salt Reactors
    COMPLEMENTARY TECHNOLOGIES
    - Integration of Renewable Energy
    - Smart Grid Integration
    ADJACENT TECHNOLOGIES
    - Hydrogen Production
  • 5.8 CASE STUDY ANALYSIS
    FINNISH GOVERNMENT ENACTS LAW FOR ALTERNATIVE SYSTEMS TO REDUCE CARBON EMISSIONS
    NUSCALE POWER, LLC RECEIVES DESIGN APPROVAL FOR VOYGR DEPLOYMENT AT IDAHO NATIONAL LABORATORY TO MEET CLEAN ENERGY GOALS
    SCAFFOLDING SOLUTIONS HELPS SOUTH CAROLINA NUCLEAR POWER PLANT WITH MONITORING, INSPECTION, AND MAINTENANCE
  • 5.9 PATENT ANALYSIS
  • 5.10 PRICING ANALYSIS
    AVERAGE PRICING TREND, BY TYPE
    PRICING TREND, BY REGION
  • 5.11 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.12 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.13 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY FRAMEWORKS/POLICIES
    - Regulatory frameworks/policies in Americas
    - Regulatory frameworks/policies in Asia Pacific
    - Regulatory frameworks/policies in Europe
  • 5.14 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 INVESTMENT AND FUNDING SCENARIO
  • 5.17 IMPACT OF GENERATIVE AI IN SMALL MODULAR REACTORS MARKET
    ADOPTION OF GENERATIVE AI APPLICATIONS IN SMALL MODULAR REACTORS MARKET
    IMPACT OF GENERATIVE AI, BY APPLICATION
    IMPACT OF GENERATIVE AI ON SMALL MODULAR REACTORS MARKET, BY REGION
  • 5.18 MACROECONOMIC OUTLOOK FOR SMALL MODULAR REACTORS MARKET
SMALL MODULAR REACTORS MARKET, BY POWER RATING
85
  • 6.1 INTRODUCTION
  • 6.2 UP TO 100 MW
    HARNESSING SMR FOR SUSTAINABLE ELECTRICITY GENERATION TO DRIVE GROWTH
  • 6.3 101–200 MW
    PROVIDES NECESSARY ENERGY FOR DESALINATION PLANTS
  • 6.4 201–300 MW
    FLEXIBILITY IN REMOTE AREAS AND COST-EFFECTIVENESS TO DRIVE MARKET
SMALL MODULAR REACTORS MARKET, BY COOLANT
91
  • 7.1 INTRODUCTION
  • 7.2 HEAVY LIQUID METALS
    THERMODYNAMIC PROPERTIES TO SUPPORT MARKET GROWTH
  • 7.3 WATER
    USE AS SUPER-CRITICAL COOLANT IN REACTORS TO BOOST SEGMENT
  • 7.4 MOLTEN SALTS
    POTENTIAL TO SERVE VARIED HIGH-TEMPERATURE APPLICATIONS TO FUEL GROWTH
  • 7.5 GASES
    IMPROVED EFFICIENCY IN GAS-COOLED REACTOR-RELATED PROCESSES – KEY DRIVER
SMALL MODULAR REACTORS MARKET, BY TYPE
98
  • 8.1 INTRODUCTION
  • 8.2 HEAVY WATER REACTORS
    COST-EFFECTIVENESS OF NATURAL AND LOW-ENRICHED URANIUM TO BOOST SEGMENT
  • 8.3 LIGHT WATER REACTORS
    TECHNOLOGICAL READINESS AND FAMILIARITY TO DRIVE SEGMENT
    PRESSURIZED WATER REACTORS
    BOILING WATER REACTORS
  • 8.4 HIGH-TEMPERATURE REACTORS
    USE IN VARIOUS INDUSTRIAL APPLICATIONS TO BOOST SEGMENT
  • 8.5 FAST NEUTRON REACTORS
    REDUCTION IN NUCLEAR WASTE – KEY SEGMENT DRIVER
    LEAD-COOLED REACTORS
    LEAD-BISMUTH REACTORS
    SODIUM-COOLED REACTORS
  • 8.6 MOLTEN SALT REACTORS
    ADOPTION BY COUNTRIES WITH HIGH SPENDING ON NUCLEAR FUEL TO DRIVE GROWTH
SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT
110
  • 9.1 INTRODUCTION
  • 9.2 SINGLE-MODULE POWER PLANTS
    RELATIVE EASE OF LICENSING TO DRIVE MARKET GROWTH
  • 9.3 MULTI-MODULE POWER PLANTS
    EASE OF FINANCING ADDITIONAL UNITS TO DRIVE SEGMENT
    SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY
SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY
115
  • 10.1 INTRODUCTION
  • 10.2 OFF-GRID
    NEED FOR CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION TO BOOST SEGMENT
  • 10.3 GRID-CONNECTED
    INTEGRATION OF RENEWABLES TO STRENGTHEN MARKET GROWTH
SMALL MODULAR REACTORS MARKET, BY LOCATION
120
  • 11.1 INTRODUCTION
  • 11.2 LAND
    HIGHER THERMAL EFFICIENCY TO DRIVE MARKET
  • 11.3 MARINE
    DEPLOYMENT IN ISLANDS, REMOTE, AND COASTAL REGIONS TO BOOST MARKET GROWTH
SMALL MODULAR REACTORS MARKET, BY APPLICATION
125
  • 12.1 INTRODUCTION
  • 12.2 POWER GENERATION
    EASE OF SITING AND OPERATING FLEXIBILITY TO DRIVE DEMAND
  • 12.3 DESALINATION
    INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES TO DRIVE MARKET GROWTH
  • 12.4 INDUSTRIAL
    ANTICIPATED DEPLOYMENT OF SMR IN DIVERSE INDUSTRIAL APPLICATIONS TO BOOST MARKET GROWTH
    PROCESS HEAT
    OTHERS
    - Captive electricity generation
    - District heating
  • 12.5 HYDROGEN PRODUCTION
    ABILITY TO MAXIMIZE LOAD FACTORS AND POWER PLANT EFFICIENCY TO DRIVE MARKET
SMALL MODULAR REACTORS MARKET, BY REGION
135
  • 13.1 INTRODUCTION
  • 13.2 ASIA PACIFIC
    CHINA
    - Rise in deployment of SMRs in coastal, island, and offshore areas to drive market
    JAPAN
    - Focus on nuclear recovery and investments in SMR to fuel market
    INDIA
    - Advancements in energy capacity to drive demand for reactors
    SOUTH KOREA
    - Expansion of nuclear energy capacity to drive market growth
    REST OF ASIA PACIFIC
  • 13.3 AMERICAS
    US
    - Rising investments and growing demand for clean power from data centers to drive market
    CANADA
    - Growing demand for reduction in carbon emissions to provide lucrative growth opportunities
    ARGENTINA
    - Rising demand for power generation and desalination applications to boost market
  • 13.4 EUROPE
    RUSSIA
    - Deployment for power generation in remote areas of Russian Far East to drive market
    UK
    - Increasing government initiatives and investments to fuel market growth
    FRANCE
    - Focus on achieving decarbonization target to drive market
    REST OF EUROPE
  • 13.5 MIDDLE EAST & AFRICA
    GCC COUNTRIES
    - Saudi Arabia
    - Other GCC Countries (Qualitative)
    SOUTH AFRICA
    - Interest in Generation II and III technologies to boost demand
    REST OF MIDDLE EAST & AFRICA
COMPETITIVE LANDSCAPE
178
  • 14.1 OVERVIEW
    STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • 14.2 MARKET SHARE ANALYSIS, 2023
  • 14.3 MARKET EVALUATION FRAMEWORK
  • 14.4 REVENUE ANALYSIS
  • 14.5 COMPANY VALUATION AND FINANCIAL MATRIX
  • 14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Product footprint
    - Market footprint
    - Regional footprint
    - Type footprint
    - Power capacity footprint
    - Connectivity footprint
    - Location footprint
    - Deployment footprint
    - Coolant footprint
    - Application footprint
  • 14.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
    - List of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 14.8 COMPETITIVE SCENARIO AND TRENDS
    DEALS
    EXPANSIONS
  • 14.9 BRAND/PRODUCT COMPARISON
COMPANY PROFILES
205
  • 15.1 KEY PLAYERS
    THE STATE ATOMIC ENERGY CORPORATION ROSATOM
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CHINA NATIONAL NUCLEAR CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    WESTINGHOUSE ELECTRIC COMPANY LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GE HITACHI NUCLEAR ENERGY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MITSUBISHI HEAVY INDUSTRIES, LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ROLLS-ROYCE PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ATKINSRÉALIS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NUSCALE POWER, LLC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ULTRA SAFE NUCLEAR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TERRESTRIAL ENERGY INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MOLTEX ENERGY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    X-ENERGY, LLC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    HOLTEC INTERNATIONAL
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GENERAL ATOMICS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 15.2 OTHER PLAYERS
    BLYKALLA
    KAIROS POWER LLC
    FRAMATOME
    ARC CLEAN TECHNOLOGY, INC
    SEABORG TECHNOLOGIES
    TOKAMAK ENERGY LTD.
    TERRAPOWER LLC
    FLIBE ENERGY, INC.
    OKLO INC.
    COPENHAGEN ATOMICS
APPENDIX
283
  • 16.1 INSIGHTS OF INDUSTRY EXPERTS
  • 16.2 DISCUSSION GUIDE
  • 16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.4 CUSTOMIZATION OPTIONS
  • 16.5 RELATED REPORTS
  • 16.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 LIST OF MAJOR SECONDARY SOURCES
  • TABLE 2 LIST OF PRIMARY INTERVIEW PARTICIPANTS
  • TABLE 3 SMALL MODULAR REACTORS MARKET: SNAPSHOT
  • TABLE 4 ROLE OF COMPANIES IN SMR ECOSYSTEM
  • TABLE 5 ROLE OF TECHNOLOGY COMPANIES IN SMR MARKET
  • TABLE 6 SMALL MODULAR REACTORS MARKET: MAJOR PATENTS, 2020–2023
  • TABLE 7 AVERAGE PRICING TREND OF SMALL MODULAR REACTORS, BY TYPE (USD/MW)
  • TABLE 8 PRICING TREND OF SMALL MODULAR REACTORS, BY REGION (USD/MW)
  • TABLE 9 IMPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 10 EXPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 11 SMALL MODULAR REACTORS MARKET: CONFERENCES AND EVENTS, 2024–2025
  • TABLE 12 AMERICAS: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 SMALL MODULAR REACTORS MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • TABLE 18 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 19 SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2019–2023 (USD MILLION)
  • TABLE 20 SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2024–2030 (USD MILLION)
  • TABLE 21 UP TO 100 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 22 UP TO 100 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 23 101–200 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 24 101–200 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 25 201–300 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 26 201–300 MW: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 27 SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)
  • TABLE 28 SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)
  • TABLE 29 HEAVY LIQUID METALS: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 30 HEAVY LIQUID METALS: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 31 WATER: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 32 WATER: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 33 MOLTEN SALTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 34 MOLTEN SALTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 35 GASES: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 36 GASES: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 37 SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 38 SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 39 SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (MW)
  • TABLE 40 SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (MW)
  • TABLE 41 HEAVY WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 42 HEAVY WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 43 LIGHT WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 44 LIGHT WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 45 LIGHT WATER REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 46 LIGHT WATER REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 47 PRESSURIZED WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 48 PRESSURIZED WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 49 BOILING WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 50 BOILING WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 51 HIGH-TEMPERATURE REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 52 HIGH-TEMPERATURE REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 53 FAST NEUTRON REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 54 FAST NEUTRON REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 55 MOLTEN SALT REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 56 MOLTEN SALT REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 57 SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2019–2023 (USD MILLION)
  • TABLE 58 SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
  • TABLE 59 SINGLE-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 60 SINGLE-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 61 MULTI-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 62 MULTI-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 63 SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2019–2023 (USD MILLION)
  • TABLE 64 SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2024–2030 (USD MILLION)
  • TABLE 65 OFF-GRID SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 66 OFF-GRID SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 67 GRID-CONNECTED SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 68 GRID-CONNECTED SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 69 SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)
  • TABLE 70 SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)
  • TABLE 71 LAND: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 72 LAND: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 73 MARINE: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 74 MARINE: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 75 SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 76 SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 77 POWER GENERATION: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 78 POWER GENERATION: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 79 DESALINATION: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 80 DESALINATION: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 81 INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 82 INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 83 INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 84 INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 85 PROCESS HEAT: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 86 PROCESS HEAT: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 87 OTHER INDUSTRIAL APPLICATIONS: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 88 OTHER INDUSTRIAL APPLICATIONS: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 89 HYDROGEN PRODUCTION: SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 90 HYDROGEN PRODUCTION: SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 91 SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)
  • TABLE 92 SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 93 SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (MW)
  • TABLE 94 SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (MW)
  • TABLE 95 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2019–2023 (USD MILLION)
  • TABLE 96 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2024–2030 (USD MILLION)
  • TABLE 97 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)
  • TABLE 98 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)
  • TABLE 99 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 100 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 101 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2019–2023 (USD MILLION)
  • TABLE 102 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2024–2030 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2019–2023 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 110 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 111 CHINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 112 CHINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 113 JAPAN: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 114 JAPAN: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 115 INDIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 116 INDIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 117 SOUTH KOREA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 118 SOUTH KOREA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 119 REST OF ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 120 REST OF ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 121 AMERICAS: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2019–2023 (USD MILLION)
  • TABLE 122 AMERICAS: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2024–2030 (USD MILLION)
  • TABLE 123 AMERICAS: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)
  • TABLE 124 AMERICAS: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)
  • TABLE 125 AMERICAS: SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 126 AMERICAS: SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 127 AMERICAS: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2019–2023 (USD MILLION)
  • TABLE 128 AMERICAS: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2024–2030 (USD MILLION)
  • TABLE 129 AMERICAS: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2019–2023 (USD MILLION)
  • TABLE 130 AMERICAS: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
  • TABLE 131 AMERICAS: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)
  • TABLE 132 AMERICAS: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)
  • TABLE 133 AMERICAS: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 134 AMERICAS: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 135 AMERICAS: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 136 AMERICAS: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 137 US: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 138 US: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 139 CANADA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 140 CANADA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 141 ARGENTINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 142 ARGENTINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 143 EUROPE: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2019–2023 (USD MILLION)
  • TABLE 144 EUROPE: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2024–2030 (USD MILLION)
  • TABLE 145 EUROPE: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)
  • TABLE 146 EUROPE: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)
  • TABLE 147 EUROPE: SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 148 EUROPE: SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 149 EUROPE: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2019–2023 (USD MILLION)
  • TABLE 150 EUROPE: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
  • TABLE 151 EUROPE: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2019–2023 (USD MILLION)
  • TABLE 152 EUROPE: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2024–2030 (USD MILLION)
  • TABLE 153 EUROPE: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)
  • TABLE 154 EUROPE: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)
  • TABLE 155 EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 156 EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 157 EUROPE: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 158 EUROPE: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 159 RUSSIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 160 RUSSIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 161 UK: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 162 UK: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 163 FRANCE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 164 FRANCE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 165 REST OF EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 166 REST OF EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 167 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2019–2023 (USD MILLION)
  • TABLE 168 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2024–2030 (USD MILLION)
  • TABLE 169 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)
  • TABLE 170 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)
  • TABLE 171 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)
  • TABLE 172 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 173 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2019–2023 (USD MILLION)
  • TABLE 174 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
  • TABLE 175 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2019–2023 (USD MILLION)
  • TABLE 176 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2024–2030 (USD MILLION)
  • TABLE 177 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)
  • TABLE 178 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)
  • TABLE 179 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 180 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 181 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 182 MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 183 SAUDI ARABIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 184 SAUDI ARABIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 185 SOUTH AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 186 SOUTH AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 187 REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)
  • TABLE 188 REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 189 SMALL MODULAR REACTORS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
  • TABLE 190 SMALL MODULAR REACTORS MARKET: DEGREE OF COMPETITION
  • TABLE 191 SMALL MODULAR REACTORS MARKET EVALUATION FRAMEWORK, 2020−2024
  • TABLE 192 SMALL MODULAR REACTORS MARKET: REGION FOOTPRINT
  • TABLE 193 SMALL MODULAR REACTORS MARKET: TYPE FOOTPRINT
  • TABLE 194 SMALL MODULAR REACTORS MARKET: POWER CAPACITY FOOTPRINT
  • TABLE 195 SMALL MODULAR REACTORS MARKET: CONNECTIVITY FOOTPRINT
  • TABLE 196 SMALL MODULAR REACTORS MARKET: LOCATION FOOTPRINT
  • TABLE 197 SMALL MODULAR REACTORS MARKET: DEPLOYMENT FOOTPRINT
  • TABLE 198 SMALL MODULAR REACTORS MARKET: COOLANT FOOTPRINT
  • TABLE 199 SMALL MODULAR REACTORS MARKET: APPLICATION FOOTPRINT
  • TABLE 200 SMALL MODULAR REACTORS MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 201 SMALL MODULAR REACTORS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (TYPE, POWER RATING, CONNECTIVITY, AND LOCATION)
  • TABLE 202 SMALL MODULAR REACTORS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (COOLANT, APPLICATION, AND REGION)
  • TABLE 203 SMALL MODULAR REACTORS MARKET: DEALS, JANUARY 2020–JUNE 2024
  • TABLE 204 SMALL MODULAR REACTORS MARKET: EXPANSIONS, JANUARY 2020–JUNE 2024
  • TABLE 205 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY OVERVIEW
  • TABLE 206 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 207 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: DEALS
  • TABLE 208 CHINA NATIONAL NUCLEAR CORPORATION: COMPANY OVERVIEW
  • TABLE 209 CHINA NATIONAL NUCLEAR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 210 CHINA NATIONAL NUCLEAR CORPORATION: DEALS
  • TABLE 211 CHINA NATIONAL NUCLEAR CORPORATION: OTHER DEVELOPMENTS
  • TABLE 212 WESTINGHOUSE ELECTRIC COMPANY LLC: COMPANY OVERVIEW
  • TABLE 213 WESTINGHOUSE ELECTRIC COMPANY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 214 WESTINGHOUSE ELECTRIC COMPANY LLC: DEALS
  • TABLE 215 WESTINGHOUSE ELECTRIC COMPANY LLC: EXPANSIONS
  • TABLE 216 WESTINGHOUSE ELECTRIC COMPANY LLC: OTHER DEVELOPMENTS
  • TABLE 217 GE HITACHI NUCLEAR ENERGY: COMPANY OVERVIEW
  • TABLE 218 GE HITACHI NUCLEAR ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 219 GE HITACHI NUCLEAR ENERGY: DEALS
  • TABLE 220 GE HITACHI NUCLEAR ENERGY: EXPANSIONS
  • TABLE 221 GE HITACHI NUCLEAR ENERGY: OTHER DEVELOPMENTS
  • TABLE 222 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
  • TABLE 223 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 224 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
  • TABLE 225 ROLLS-ROYCE PLC: COMPANY OVERVIEW
  • TABLE 226 ROLLS-ROYCE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 227 ROLLS-ROYCE PLC: DEALS
  • TABLE 228 ROLLS-ROYCE PLC: EXPANSIONS
  • TABLE 229 ATKINSRÉALIS: COMPANY OVERVIEW
  • TABLE 230 ATKINSRÉALIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 231 ATKINSRÉALIS: DEALS
  • TABLE 232 NUSCALE POWER, LLC.: COMPANY OVERVIEW
  • TABLE 233 NUSCALE POWER, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 234 NUSCALE POWER, LLC.: DEALS
  • TABLE 235 NUSCALE POWER, LLC.: EXPANSIONS
  • TABLE 236 NUSCALE POWER, LLC.: OTHER DEVELOPMENTS
  • TABLE 237 ULTRA SAFE NUCLEAR: COMPANY OVERVIEW
  • TABLE 238 ULTRA SAFE NUCLEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 239 ULTRA SAFE NUCLEAR: DEALS
  • TABLE 240 ULTRA SAFE NUCLEAR: EXPANSIONS
  • TABLE 241 TERRESTRIAL ENERGY INC.: COMPANY OVERVIEW
  • TABLE 242 TERRESTRIAL ENERGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 243 TERRESTRIAL ENERGY INC.: DEALS
  • TABLE 244 TERRESTRIAL ENERGY INC.: EXPANSIONS
  • TABLE 245 TERRESTRIAL ENERGY INC.: OTHER DEVELOPMENTS
  • TABLE 246 MOLTEX ENERGY: COMPANY OVERVIEW
  • TABLE 247 MOLTEX ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 248 MOLTEX ENERGY: DEALS
  • TABLE 249 MOLTEX ENERGY: OTHER DEVELOPMENTS
  • TABLE 250 X-ENERGY, LLC.: COMPANY OVERVIEW
  • TABLE 251 X-ENERGY, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 252 X-ENERGY, LLC.: DEALS
  • TABLE 253 X-ENERGY, LLC.: OTHER DEVELOPMENTS
  • TABLE 254 HOLTEC INTERNATIONAL: COMPANY OVERVIEW
  • TABLE 255 HOLTEC INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 256 HOLTEC INTERNATIONAL: DEALS
  • TABLE 257 HOLTEC INTERNATIONAL: EXPANSIONS
  • TABLE 258 HOLTEC INTERNATIONAL: OTHER DEVELOPMENTS
  • TABLE 259 GENERAL ATOMICS: COMPANY OVERVIEW
  • TABLE 260 GENERAL ATOMICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 261 GENERAL ATOMICS: DEALS
  • TABLE 262 GENERAL ATOMICS: OTHER DEVELOPMENTS
  • TABLE 263 KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: COMPANY OVERVIEW
  • TABLE 264 KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 265 KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: DEALS
  • TABLE 266 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW
  • TABLE 267 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 268 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS
LIST OF FIGURES
 
  • FIGURE 1 SMALL MODULAR REACTORS MARKET: SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 SMALL MODULAR REACTORS MARKET: RESEARCH DESIGN
  • FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 4 SMALL MODULAR REACTORS MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 SMALL MODULAR REACTORS MARKET: TOP-DOWN APPROACH
  • FIGURE 6 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SMALL MODULAR REACTORS
  • FIGURE 7 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF SMALL MODULAR REACTORS
  • FIGURE 8 SMALL MODULAR REACTORS MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 9 DATA TRIANGULATION
  • FIGURE 10 ASIA PACIFIC DOMINATED SMALL MODULAR REACTORS MARKET IN 2023
  • FIGURE 11 WATER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2024 TO 2030
  • FIGURE 12 LIGHT WATER REACTORS TO CLAIM LARGEST MARKET SHARE FROM 2024 TO 2030
  • FIGURE 13 OFF-GRID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 14 MULTI-MODULE POWER PLANTS TO DOMINATE DURING FORECAST PERIOD
  • FIGURE 15 LAND DEPLOYMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
  • FIGURE 16 POWER GENERATION TO BE LARGEST APPLICATION SEGMENT DURING FORECAST PERIOD
  • FIGURE 17 201–300 MW SMALL MODULAR REACTORS TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 DECARBONIZATION GOALS AND REDUCED RELIANCE ON FOSSIL FUELS TO DRIVE MARKET DURING 2024–2030
  • FIGURE 19 SMALL MODULAR REACTORS MARKET IN AMERICAS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 20 WATER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE AMONG COOLANTS IN 2023
  • FIGURE 21 LIGHT WATER REACTORS DOMINATED MARKET IN 2023
  • FIGURE 22 OFF-GRID – LARGEST CONNECTIVITY SEGMENT IN 2023
  • FIGURE 23 MULTI-MODULE POWER PLANTS SECURED LARGER MARKET SHARE IN 2023
  • FIGURE 24 LAND SEGMENT HELD DOMINANT MARKET SHARE IN 2023
  • FIGURE 25 INDUSTRIAL APPLICATION SEGMENT LED MARKET IN 2023
  • FIGURE 26 201–300 MW SEGMENT CLAIMED LARGER MARKET SHARE IN 2023
  • FIGURE 27 LIGHT WATER REACTORS AND CHINA DOMINATED ASIA PACIFIC MARKET IN 2023
  • FIGURE 28 SMALL MODULAR REACTORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 29 GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2019–2023
  • FIGURE 30 ON LOAD-FOLLOWING OPERATIONS OF SMRS
  • FIGURE 31 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 32 SUPPLY CHAIN ANALYSIS
  • FIGURE 33 ECOSYSTEM ANALYSIS
  • FIGURE 34 SMALL MODULAR REACTORS MARKET: PATENTS APPLIED AND GRANTED, 2013–2023
  • FIGURE 35 IMPORT DATA FOR HS CODE 840110-COMPLIANT NUCLEAR REACTORS, FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)
  • FIGURE 36 EXPORT DATA FOR HS CODE 840110-COMPLIANT NUCLEAR REACTORS, FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)
  • FIGURE 37 SMALL MODULAR REACTORS MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 39 KEY BUYING CRITERIA FOR THREE APPLICATIONS
  • FIGURE 40 INVESTMENT AND FUNDING SCENARIO
  • FIGURE 41 IMPACT OF GENERATIVE AI ON SMALL MODULAR REACTORS MARKET, BY APPLICATION
  • FIGURE 42 SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2023
  • FIGURE 43 SMALL MODULAR REACTORS MARKET, BY COOLANT, 2023
  • FIGURE 44 SMALL MODULAR REACTORS MARKET, BY TYPE, 2023
  • FIGURE 45 SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2023
  • FIGURE 46 SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2023
  • FIGURE 47 SMALL MODULAR REACTORS MARKET, BY LOCATION, 2023
  • FIGURE 48 SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2023
  • FIGURE 49 SMALL MODULAR REACTORS MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2024 TO 2030
  • FIGURE 50 SMALL MODULAR REACTORS MARKET SHARE, BY REGION, 2023
  • FIGURE 51 ASIA PACIFIC: SMALL MODULAR REACTORS MARKET SNAPSHOT
  • FIGURE 52 AMERICAS: SMALL MODULAR REACTORS MARKET SNAPSHOT
  • FIGURE 53 SMALL MODULAR REACTORS MARKET SHARE ANALYSIS, 2023
  • FIGURE 54 SMALL MODULAR REACTORS MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023
  • FIGURE 55 SMALL MODULAR REACTORS MARKET: COMPANY VALUATION
  • FIGURE 56 SMALL MODULAR REACTORS MARKET: FINANCIAL MATRIX
  • FIGURE 57 SMALL MODULAR REACTORS MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  • FIGURE 58 SMALL MODULAR REACTORS MARKET: COMPANY FOOTPRINT
  • FIGURE 59 SMALL MODULAR REACTORS MARKET: COMPANY MARKET FOOTPRINT
  • FIGURE 60 SMALL MODULAR REACTORS MARKET: COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • FIGURE 61 BRAND/PRODUCT COMPARISON
  • FIGURE 62 THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY SNAPSHOT
  • FIGURE 63 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
  • FIGURE 64 ROLLS-ROYCE PLC: COMPANY SNAPSHOT
  • FIGURE 65 ATKINSRÉALIS: COMPANY SNAPSHOT
  • FIGURE 66 NUSCALE POWER, LLC.: COMPANY SNAPSHOT
  • FIGURE 67 KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: COMPANY SNAPSHOT

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

Secondary Research

Secondary sources referred to for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the small modular reactors market.

In the complete market engineering process, the top-down and bottom-up approaches, along with several data triangulation methods, were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report. Following is the breakdown of primary respondents:

Small Modular Reactor Market Size, and Share

Note: Other designations include sales managers, engineers, and regional managers.
The tier of the companies is defined based on their total revenue; as of 2023: Tier 1 = > USD 1 billion, Tier
2 = From USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million.

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the small modular reactors market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

Small Modular Reactor Market : Top-Down and Bottom-Up Approach

Small Modular Reactor Market Top Down and Bottom Up Approach

Data Triangulation

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

Market Definition

According to the World Nuclear Association, “Small modular reactors (SMRs) are defined as nuclear reactors generally 300 MWe equivalent or less, designed with modular technology using module factory fabrication, pursuing economies of series production and short construction times.” SMRs vary in terms of size and thermal output. These reactors can be used for various applications, such as power generation, process heating, desalination, and industrial uses. Their designs may employ light water as a coolant or other coolants, such as gases, liquid metals, or molten salts. Small modular reactors offer multiple benefits, such as small physical footprints, reduced capital investments compared with traditional nuclear power plants, the ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions.

The small modular reactors market size is defined as the sum revenue generated by global companies' manufacturing small modular reactors.

Stakeholders

  • Consulting companies in energy & power sector
  • Government and research organizations
  • Investment banks
  • Nuclear power plant operators
  • Power and energy associations
  • Small modular reactor support service providers
  • Manufacturers of small modular reactors
  • Small modular reactor component manufacturers and fuel fabricators
  • Power generation companies
  • Heavy industries

Report Objectives

  • To describe, segment, and forecast the small modular reactors market based on type, coolant, connectivity, deployment, location, power rating, and application, in terms of value
  • To describe and forecast the market for four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa, along with their country-level market sizes, in terms of value
  • To forecast the small modular reactors market by type and region, in terms of volume
  • To strategically analyze micromarkets1 with respect to individual growth trends, future expansions, and their contribution to the overall small modular reactors market.
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide the supply chain analysis, trends/disruptions impacting customers’ businesses, ecosystem analysis, regulatory landscape, pricing analysis, patent analysis, case study analysis, technology analysis, key conferences and events, trade analysis, Porter’s Five Forces analysis, and key stakeholders and buying criteria sections in the small modular reactors market
  • To analyze opportunities for stakeholders in the small modular reactors market and draw a competitive landscape
  • To benchmark market players using the company evaluation quadrant, which analyzes market players on broad categories of business and product strategies adopted by them
  • To compare key market players with respect to product specifications and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies2
  • To analyze competitive developments such as contracts and agreements, investments and expansions, mergers and acquisitions, partnerships, joint ventures, and collaborations in the small modular reactors market
  • To study the impact of AI/Gen AI on the market under study, along with the global macroeconomic outlook

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players

 

Previous Versions of this Report

Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Application (Power Generation, Desalination, Hydrogen Generation, Industrial), Deployment (Single, Multi), Connectivity, Location, Coolant, Power Rating & Region - Global Forecast to 2030

Report Code EP 7975
Published in Jun, 2023, By MarketsandMarkets™

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
Published in Aug, 2022, By MarketsandMarkets™

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
Published in Sep, 2021, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Small Modular Reactor Market

Gajanan

Jul, 2022

Our report is primarily a demand-based coverage that states the Historic, Current and Future revenues of SMR at a regional and country level for which we had contacted several primary respondents from supply and demand side of the business to obtain the qualitative and quantitative information. We have forecasted the market size in terms of Value ($ Million) till year 2026, which is broken down by Reactor Type, Connectivity, Deployment, Location, and Application, and Region. Contracts awarded to key players for the 2020, 2021 and 2022 till date, market share analysis of key player for the year 2021, including their financials and revenues for the last 3 years, will be studied to derive the market share for top players and ranked them based on their product portfolio strength, global reach, and business strategy excellence. Also, we will profile each player including their service portfolio, regional ranking, key customers, organic and in-organic growth strategies, and SWOT analysis..

Tom

Jun, 2022

Interested in the profile key players and comprehensively analyze their market ranking and core competencies in the global small modular reactor market..

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