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Small Modular Reactor Market: Current Analysis and Forecast (2021-2027)

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Small and Medium-sized or modular reactors are a good option to fulfil the need of flexible power generation for a wider range of users and applications. Small modular reactors which are deployable either as single or multi-module plant, offer the possibility to combine nuclear with alternative sources of energy including renewables. Many Member States are focusing on developing of small modular reactors which are defined as advanced reactors which produce electricity of up to 300 MW per module. These reactors have advanced engineered features, are deployed either as a single or multi-module plant and are designed to be built in factories and shipped to utilities for installation as the demand arises.

There are about 50 SMR designs and concepts globally. Most of them are in various developmental stages and some are claimed as being near-term deployable. Currently there are four SMRs in advanced stages of construction in Argentina, Russia and China and several existing and newcomer nuclear energy countries are conducting SMR research and development. The IAEA is coordinating the efforts of its Member States to develop SMRs of various types by taking a systematic approach to the identification and development of key enabling technologies, with the goal to achieve competitiveness and reliable performance of such reactors. The Agency also helps them address common infrastructure issues which could facilitate the SMRs' deployment.

Based on Reactor Type, the Small Modular Reactor Market is segmented into Light-water Reactor, Heavy-water Reactor, High-temperature Reactor, Fast-neutron Reactor, Molten Salt Reactor. Light Water Reactors are sub segmented into Pressurized-water Reactor and Boiling-water Reactor. Amongst Reactor Type, the Light-Water Reactor segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Connectivity, the Small Modulator Reactor Market is segmented into Grid-connected and Off-grid. Amongst Connectivity, Off-Grid segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

Based on Deployment, the Small Modular Reactor market is segmented into Single-module Power Plant, and Multi-Module Power Plant. Amongst Deployment, the Multi-Module Power Plant segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Location, the Small Modular Reactor Market is segmented into Land and Marine. Amongst Land, the XXXX segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Application, the Small Modulator Reactor Market is segmented into Power Generation, Process Heat, Desalination, Hydrogen Production, and Industrial. Amongst Application, Power Generation segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

For a better understanding of the market adoption of Small Modular Reactor Industry, the market is analyzed based on its presence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. Asia Pacific will dominate the Small Modular Reactor market on account of increasing energy demand.

Some of the major players operating in the market include Westinghouse Electric, NuScale Power, General Electric-Hitachi Nuclear Energy, Terrestrial Energy, Moltex Energy, X-energy, Hotec International, General Atomics, LeadCold Reactors, and ARC Clean Energy. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Small Modular Reactor Market was valued at USD 9 billion in 2020 and is projected to expand significantly with a CAGR of 3% from 2021-2027F to USD 12 billion in 2027. The Small Modular Reactor Market is expected to witness a boost on account of its high adoption in the Asia-Pacific region.
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Table Of Content

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Small Modular Reactor Market

2.2. Research Methodology of the Small Modular Reactor Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Small Modular Reactor Market Study

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SMALL MODULAR REACTOR MARKET COVID-19 IMPACT

6 SMALL MODULAR REACTOR MARKET REVENUE (USD), 2019-2027F

7 MARKET INSIGHTS BY REACTOR TYPE

7.1. Light-Water Reactor

7.1.1. Pressurized-Water Reactor

7.1.2. Boiling-Water Reactor

7.2. Heavy-Water Reactor

7.3. High-Temperature Reactor

7.4. Fast-Neutron Reactor

7.5. Molten Salt Reactor

8 MARKET INSIGHTS BY CONNECTIVITY

8.1. Grid-connected

8.2. Off-grid

9 MARKET INSIGHTS BY DEPLOYMENT

9.1. Single-Module Power Plant

9.2. Multi-Module Power Plant

10 MARKET INSIGHTS BY LOCATION

10.1. Land

10.2. Marine

11 MARKET INSIGHTS BY APPLICATION

11.1. Power Generation

11.2. Process Heat

11.3. Desalination

11.4. Hydrogen Production

11.5. Industrial

12 MARKET INSIGHTS BY REGION

12.1. NORTH AMERICA SMALL MODULAR REACTOR

12.1.1. United States

12.1.2. Canada

12.1.3. Rest of North America

12.2. EUROPE SMALL MODULAR REACTOR

12.2.1. Germany

12.2.2. United Kingdom

12.2.3. France

12.2.4. Rest of Europe

12.3. ASIA-PACIFIC SMALL MODULAR REACTOR

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. Aurstralia

12.3.5. Rest of Asia-Pacific

12.4. REST OF THE WORLD SMALL MODULAR REACTOR

13 SMALL MODULAR REACTOR MARKET DYNAMICS

13.1. Drivers

13.2. Challenges

13.3. Impact Analysis

14 SMALL MODULAR REACTOR MARKET OPPORTUNITIES

15 SMALL MODULAR REACTOR MARKET TRENDS

16 LEGAL AND REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Competitive Landscape

19.1.1. Company Shares, By Revenue

20 COMPANY PROFILED

20.1. Westinghouse Electric

20.2. NuScale Power

20.3. General Electric-Hitachi Nuclear Energy

20.4. Terrestrial Energy

20.5. Moltex Energy

20.6. X-energy

20.7. Hotec International

20.8. General Atomics

20.9. LeadCold Reactors

20.10. ARC Clean Energy

21 DISCLAIMER

 

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Products and Companies


Companies

Westinghouse Electric, NuScale Power, General Electric-Hitachi Nuclear Energy, Terrestrial Energy, Moltex Energy, X-energy, Hotec International, General Atomics, LeadCold Reactors, and ARC Clean Energy

Company Profile

Company Profile Title

Small and Medium-sized or modular reactors are a good option to fulfil the need of flexible power generation for a wider range of users and applications. Small modular reactors which are deployable either as single or multi-module plant, offer the possibility to combine nuclear with alternative sources of energy including renewables. Many Member States are focusing on developing of small modular reactors which are defined as advanced reactors which produce electricity of up to 300 MW per module. These reactors have advanced engineered features, are deployed either as a single or multi-module plant and are designed to be built in factories and shipped to utilities for installation as the demand arises.

There are about 50 SMR designs and concepts globally. Most of them are in various developmental stages and some are claimed as being near-term deployable. Currently there are four SMRs in advanced stages of construction in Argentina, Russia and China and several existing and newcomer nuclear energy countries are conducting SMR research and development. The IAEA is coordinating the efforts of its Member States to develop SMRs of various types by taking a systematic approach to the identification and development of key enabling technologies, with the goal to achieve competitiveness and reliable performance of such reactors. The Agency also helps them address common infrastructure issues which could facilitate the SMRs' deployment.

Based on Reactor Type, the Small Modular Reactor Market is segmented into Light-water Reactor, Heavy-water Reactor, High-temperature Reactor, Fast-neutron Reactor, Molten Salt Reactor. Light Water Reactors are sub segmented into Pressurized-water Reactor and Boiling-water Reactor. Amongst Reactor Type, the Light-Water Reactor segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Connectivity, the Small Modulator Reactor Market is segmented into Grid-connected and Off-grid. Amongst Connectivity, Off-Grid segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

Based on Deployment, the Small Modular Reactor market is segmented into Single-module Power Plant, and Multi-Module Power Plant. Amongst Deployment, the Multi-Module Power Plant segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Location, the Small Modular Reactor Market is segmented into Land and Marine. Amongst Land, the XXXX segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.

Based on Application, the Small Modulator Reactor Market is segmented into Power Generation, Process Heat, Desalination, Hydrogen Production, and Industrial. Amongst Application, Power Generation segment accounted for a market valuation of USD XX billion in 2020 and is expected to reach USD XX billion by the year 2027, at a CAGR of XX% over the analysed period.

For a better understanding of the market adoption of Small Modular Reactor Industry, the market is analyzed based on its presence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. Asia Pacific will dominate the Small Modular Reactor market on account of increasing energy demand.

Some of the major players operating in the market include Westinghouse Electric, NuScale Power, General Electric-Hitachi Nuclear Energy, Terrestrial Energy, Moltex Energy, X-energy, Hotec International, General Atomics, LeadCold Reactors, and ARC Clean Energy. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Small Modular Reactor Market was valued at USD 9 billion in 2020 and is projected to expand significantly with a CAGR of 3% from 2021-2027F to USD 12 billion in 2027. The Small Modular Reactor Market is expected to witness a boost on account of its high adoption in the Asia-Pacific region.
READ MORE

Scope

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Small Modular Reactor Market

2.2. Research Methodology of the Small Modular Reactor Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Small Modular Reactor Market Study

3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)

4 EXECUTIVE SUMMARY

5 SMALL MODULAR REACTOR MARKET COVID-19 IMPACT

6 SMALL MODULAR REACTOR MARKET REVENUE (USD), 2019-2027F

7 MARKET INSIGHTS BY REACTOR TYPE

7.1. Light-Water Reactor

7.1.1. Pressurized-Water Reactor

7.1.2. Boiling-Water Reactor

7.2. Heavy-Water Reactor

7.3. High-Temperature Reactor

7.4. Fast-Neutron Reactor

7.5. Molten Salt Reactor

8 MARKET INSIGHTS BY CONNECTIVITY

8.1. Grid-connected

8.2. Off-grid

9 MARKET INSIGHTS BY DEPLOYMENT

9.1. Single-Module Power Plant

9.2. Multi-Module Power Plant

10 MARKET INSIGHTS BY LOCATION

10.1. Land

10.2. Marine

11 MARKET INSIGHTS BY APPLICATION

11.1. Power Generation

11.2. Process Heat

11.3. Desalination

11.4. Hydrogen Production

11.5. Industrial

12 MARKET INSIGHTS BY REGION

12.1. NORTH AMERICA SMALL MODULAR REACTOR

12.1.1. United States

12.1.2. Canada

12.1.3. Rest of North America

12.2. EUROPE SMALL MODULAR REACTOR

12.2.1. Germany

12.2.2. United Kingdom

12.2.3. France

12.2.4. Rest of Europe

12.3. ASIA-PACIFIC SMALL MODULAR REACTOR

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. Aurstralia

12.3.5. Rest of Asia-Pacific

12.4. REST OF THE WORLD SMALL MODULAR REACTOR

13 SMALL MODULAR REACTOR MARKET DYNAMICS

13.1. Drivers

13.2. Challenges

13.3. Impact Analysis

14 SMALL MODULAR REACTOR MARKET OPPORTUNITIES

15 SMALL MODULAR REACTOR MARKET TRENDS

16 LEGAL AND REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Competitive Landscape

19.1.1. Company Shares, By Revenue

20 COMPANY PROFILED

20.1. Westinghouse Electric

20.2. NuScale Power

20.3. General Electric-Hitachi Nuclear Energy

20.4. Terrestrial Energy

20.5. Moltex Energy

20.6. X-energy

20.7. Hotec International

20.8. General Atomics

20.9. LeadCold Reactors

20.10. ARC Clean Energy

21 DISCLAIMER

 

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

Westinghouse Electric, NuScale Power, General Electric-Hitachi Nuclear Energy, Terrestrial Energy, Moltex Energy, X-energy, Hotec International, General Atomics, LeadCold Reactors, and ARC Clean Energy