小型モジュール炉市場 – 2030年までの世界予測

Small Modular Reactor Market - Global Forecast to 2030

小型モジュール炉市場 - タイプ (HWR、LWR、HTR、FNR、MSR)、用途 (発電、海水淡水化、水素製造、産業用)、展開 (シングル、マルチ)、接続性、場所、冷却剤、電力定格地域別 - 2030年までの世界予測
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

商品番号 : SMB-5950

出版社MarketsandMarkets
出版年月2024年11月
ページ数293
図表数335
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The small modular reactors market is expected to grow from an estimated USD 6.00 billion in 2024 to USD 7.14 billion by 2030, at a CAGR of 3.0% during the forecast period.

小型モジュール炉市場は、2024年の推定60億米ドルから2030年までに71億4,000万米ドルに、予測期間中に3.0%のCAGRで成長すると予想されています。

The superiority of the small modular reactors in relation to their modular size and safety features spearheads the growth of the small modular reactor market. Modularity enables simpler deployment in any location, ranging from remote ones to areas lacking infrastructure. Moreover, the current environmental policies and incentives on carbon dioxide emission reduction further  the push the SMRs to compete with fossil fuel power plants.

小型モジュール炉市場 - 2030年までの世界予測
small-modular-reactor-market

“Water, by coolant, is expected to be the largest segment from 2024 to 2030.”

The water segment is expected to largest segment in the small modular reactors market. Using water as a coolant in ordinary conditions can greatly affect nuclear fission because it absorbs fast-moving neutrons. Advancements in the reactors for the proper handling of the water coolants have brought in new technologies such as super-critical water reactors, which have increased the thermal efficiency of the water-cooled reactors. These developments are expected to fuel the water coolant market.

“Land, by location, is expected to be the largest and fastest-growing market from 2024 to 2030”

It is expected that the land segment in the small modular reactors market will grow at a faster rate. Land SMRs utilize various reactor technology configurations, such as light-water reactors, heavy-water reactors, molten salt reactors, high-temperature gas-cooled reactors, and fast-neutron reactors, for grid connection and off-grid applications. Land SMRs have higher thermal efficiency compared with marine or naval SMRs. The potential for underground deployment of land reactor units provides various advantages, such as enhanced protection from natural hazards (earthquakes, flooding, tsunami, etc.) and disasters such as the impact of an aircraft crash.

“Asia Pacific is expected be the largest market for small modular reactors.”

Asia Pacific is going to witness the largest market share for the small modular reactors. The Asia Pacific region is a key driver of the small modular reactors (SMRs) market, fueled by a combination of rapid industrialization, increasing energy demand, and a strong commitment to reducing carbon emissions. These growing investments drive the growth of the SMR. Also, the countries like China, and Russia are coming up with  major projects which are going to be operational by 2030.

小型モジュール炉市場 - 2030年までの世界予測 region
small-modular-reactor-market-region

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the small modular reactor market.

  • By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
  • By Designation: C-level Executives – 35%, Director Level- 25%, and Others- 40%
  • By Region: Americas – 30%, Europe – 25%, Asia Pacific – 30%, Middle East & Africa – 15%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

The small modular reactor market is dominated by a few major players that have a wide regional presence. The leading players in the small modular reactor market are State Atomic Energy Corporation Rosatom (Russia), China National Nuclear Corporation (China), Westinghouse Electric Company LLC (US), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), GE Hitachi Nuclear Energy (US) among others. The major strategy adopted by the players includes agreements, partnership, memorandum of understanding, acquisitions, and expansions.

小型モジュール炉市場 - 2030年までの世界予測 ecosystem
small-modular-reactor-market-ecosystem

Research Coverage:

The report defines, describes, and forecasts the small modular reactor market by type, connectivity, deployment, power rating, location, application, coolant, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, memorandum of understanding, and recent developments associated with the small modular reactor market. Competitive analysis of upcoming startups in the small modular reactor market ecosystem is covered in this report.

Reasons to buy this report:

Reasons to buy this report The report will help the market leaders/new entrants market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (growing focus on decarbonizing economies to align with net zero emission goals, modular nature and factory construction of small modular reactors offers cost effectiveness and growing investments in SMR technology are just a few of the primary drivers propelling the small modular reactor market), restraints (stringent regulatory policies and standards and negative public perception of nuclear power technology, limit the market’s expansion), opportunities (Minimizing the risk associated with nuclear operations and growing demand for clean power in the data centers), and challenges (Lack of standard licensing process) influencing the growth.
  • Product Development/ Innovation: The small modular reactor market is seeing substantial product development and innovation, driven by need for decarbonization. Companies are investing in various SMR technologies.
  • Market Development: In June 2022, Rolls-Royce plc announced to open its new head office in central Manchester to support its expansion and the deployment of Small Modular Reactors, aiming to recruit 850 staff by year-end. CEO Tom Samson emphasized the city’s historical significance for the company, while Business Secretary Kwasi Kwarteng welcomed the move.
  • Market Diversification: On october 2024, Google signed a deal with Kairos Power to buy clean power to meet its data centers demand.
  • Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the small modular reactor market, including State Atomic Energy Corporation Rosatom (Russia), China National Nuclear Corporation (China), Westinghouse Electric Company LLC (US), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan), GE Hitachi Nuclear Energy (US) among others.

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   27

1.3           STUDY SCOPE   28

1.3.1        INCLUSIONS AND EXCLUSIONS 28

1.3.2        MARKETS COVERED AND REGIONAL SCOPE      29

1.3.3        YEARS CONSIDERED      30

1.4           CURRENCY CONSIDERED            30

1.5           UNIT CONSIDERED        30

1.6           RESEARCH LIMITATIONS             30

1.7           STAKEHOLDERS               31

1.8           SUMMARY OF CHANGES               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.2           PRIMARY AND SECONDARY RESEARCH 33

2.2.1        SECONDARY DATA          33

2.2.2        KEY DATA FROM SECONDARY SOURCES               33

2.2.3        PRIMARY DATA 34

2.2.3.1    Key data from primary sources           34

2.2.3.2    Breakdown of primaries      35

2.3           MARKET SIZE ESTIMATION         36

2.3.1        BOTTOM-UP APPROACH              36

2.3.2        TOP-DOWN APPROACH                37

2.3.3        DEMAND-SIDE ANALYSIS             38

2.3.3.1    Assumptions for demand-side analysis             38

2.3.3.2    Calculations for demand-side analysis              39

2.3.4        SUPPLY-SIDE ANALYSIS                 39

2.3.4.1    Calculations for supply-side analysis 40

2.3.4.2    Assumptions for supply-side analysis                40

2.4           MARKET BREAKDOWN AND DATA TRIANGULATION                 41

2.5           FORECAST          41

2.6           RISK ASSESSMENT           42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMALL MODULAR REACTORS MARKET                 49

4.2           SMALL MODULAR REACTORS MARKET, BY REGION                 50

4.3           SMALL MODULAR REACTORS MARKET, BY COOLANT                 50

4.4           SMALL MODULAR REACTORS MARKET, BY TYPE                 51

4.5           SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY                51

4.6           SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT  51

4.7           SMALL MODULAR REACTORS MARKET, BY LOCATION                 52

4.8           SMALL MODULAR REACTORS MARKET, BY APPLICATION   52

4.9           SMALL MODULAR REACTORS MARKET, BY POWER RATING                52

4.10         SMALL MODULAR REACTORS MARKET IN ASIA PACIFIC,  BY TYPE AND COUNTRY               53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Growing focus on decarbonization to align with net zero emission goals       55

5.2.1.2    Cost-effectiveness and scalability due to modular nature and factory construction              56

5.2.1.3    Growing investments in SMR technology        56

5.2.2        RESTRAINTS      56

5.2.2.1    Stringent regulatory policies and standards     56

5.2.2.2    Negative public perception of nuclear power technology                 57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Minimizing risk associated with nuclear operations        57

5.2.3.2    Integration of SMRs with renewable energy sources      58

5.2.4        CHALLENGES    59

5.2.4.1    Lack of standard licensing process    59

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            59

5.4           SUPPLY CHAIN ANALYSIS             60

5.5           ECOSYSTEM ANALYSIS  61

5.6           INVESTMENT FROM DATA CENTERS/AI COMPANIES IN SMR/NUCLEAR ENERGY                62

5.7           TECHNOLOGY ANALYSIS             62

5.7.1        KEY TECHNOLOGIES     62

5.7.1.1    Nuclear Fission     62

5.7.1.2    Light Water Reactors           62

5.7.1.3    Heavy Water Reactors         62

5.7.1.4    Fast Neutron Reactors         63

5.7.1.5    Molten Salt Reactors            63

5.7.2        COMPLEMENTARY TECHNOLOGIES       63

5.7.2.1    Integration of Renewable Energy       63

5.7.2.2    Smart Grid Integration        63

5.7.3        ADJACENT TECHNOLOGIES       64

5.7.3.1    Hydrogen Production          64

5.8           CASE STUDY ANALYSIS 64

5.8.1        FINNISH GOVERNMENT ENACTS LAW FOR ALTERNATIVE SYSTEMS TO REDUCE CARBON EMISSIONS                 64

5.8.2        NUSCALE POWER, LLC RECEIVES DESIGN APPROVAL FOR VOYGR DEPLOYMENT AT IDAHO NATIONAL LABORATORY TO MEET CLEAN ENERGY GOALS             64

5.8.3        SCAFFOLDING SOLUTIONS HELPS SOUTH CAROLINA NUCLEAR POWER PLANT WITH MONITORING, INSPECTION, AND MAINTENANCE      65

5.9           PATENT ANALYSIS          66

5.10         PRICING ANALYSIS          68

5.10.1      AVERAGE PRICING TREND, BY TYPE       68

5.10.2      PRICING TREND, BY REGION     69

5.11         TRADE ANALYSIS             69

5.11.1      IMPORT SCENARIO         69

5.11.2      EXPORT SCENARIO         70

5.12         KEY CONFERENCES AND EVENTS, 2024–2025        71

5.13         REGULATORY LANDSCAPE         72

5.13.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             72

5.13.2      REGULATORY FRAMEWORKS/POLICIES                75

5.13.2.1  Regulatory frameworks/policies in Americas   75

5.13.2.2  Regulatory frameworks/policies in Asia Pacific               76

5.13.2.3  Regulatory frameworks/policies in Europe      76

5.14         PORTER’S FIVE FORCES ANALYSIS            77

5.14.1      THREAT OF SUBSTITUTES          78

5.14.2      BARGAINING POWER OF SUPPLIERS       78

5.14.3      BARGAINING POWER OF BUYERS             78

5.14.4      THREAT OF NEW ENTRANTS      79

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 79

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     79

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           79

5.15.2      BUYING CRITERIA           80

5.16         INVESTMENT AND FUNDING SCENARIO               81

5.17         IMPACT OF GENERATIVE AI IN SMALL MODULAR REACTORS MARKET       81

5.17.1      ADOPTION OF GENERATIVE AI APPLICATIONS IN SMALL MODULAR REACTORS MARKET 81

5.17.2      IMPACT OF GENERATIVE AI, BY APPLICATION  82

5.17.3      IMPACT OF GENERATIVE AI ON SMALL MODULAR REACTORS MARKET, BY REGION              82

5.18         MACROECONOMIC OUTLOOK FOR SMALL MODULAR  REACTORS MARKET       83

6               SMALL MODULAR REACTORS MARKET, BY POWER RATING                85

6.1           INTRODUCTION              86

6.2           UP TO 100 MW   87

6.2.1        HARNESSING SMR FOR SUSTAINABLE ELECTRICITY GENERATION TO DRIVE GROWTH           87

6.3           101–200 MW         88

6.3.1        PROVIDES NECESSARY ENERGY FOR DESALINATION PLANTS                88

6.4           201–300 MW         89

6.4.1        FLEXIBILITY IN REMOTE AREAS AND COST-EFFECTIVENESS TO DRIVE MARKET       89

7               SMALL MODULAR REACTORS MARKET, BY COOLANT                 91

7.1           INTRODUCTION              92

7.2           HEAVY LIQUID METALS                93

7.2.1        THERMODYNAMIC PROPERTIES TO SUPPORT MARKET GROWTH             93

7.3           WATER 94

7.3.1        USE AS SUPER-CRITICAL COOLANT IN REACTORS TO BOOST SEGMENT            94

7.4           MOLTEN SALTS                 95

7.4.1        POTENTIAL TO SERVE VARIED HIGH-TEMPERATURE APPLICATIONS TO FUEL GROWTH          95

7.5           GASES   96

7.5.1        IMPROVED EFFICIENCY IN GAS-COOLED REACTOR-RELATED PROCESSES – KEY DRIVER       96

8               SMALL MODULAR REACTORS MARKET, BY TYPE                 98

8.1           INTRODUCTION              99

8.2           HEAVY WATER REACTORS           101

8.2.1        COST-EFFECTIVENESS OF NATURAL AND LOW-ENRICHED URANIUM TO BOOST SEGMENT        101

8.3           LIGHT WATER REACTORS            102

8.3.1        TECHNOLOGICAL READINESS AND FAMILIARITY TO DRIVE SEGMENT              102

8.3.2        PRESSURIZED WATER REACTORS             103

8.3.3        BOILING WATER REACTORS       104

8.4           HIGH-TEMPERATURE REACTORS             105

8.4.1        USE IN VARIOUS INDUSTRIAL APPLICATIONS TO BOOST SEGMENT            105

8.5           FAST NEUTRON REACTORS        106

8.5.1        REDUCTION IN NUCLEAR WASTE – KEY SEGMENT DRIVER 106

8.5.2        LEAD-COOLED REACTORS          107

8.5.3        LEAD-BISMUTH REACTORS         107

8.5.4        SODIUM-COOLED REACTORS    107

8.6           MOLTEN SALT REACTORS           108

8.6.1        ADOPTION BY COUNTRIES WITH HIGH SPENDING ON NUCLEAR FUEL TO DRIVE GROWTH       108

9               SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT  110

9.1           INTRODUCTION              111

9.2           SINGLE-MODULE POWER PLANTS           112

9.2.1        RELATIVE EASE OF LICENSING TO DRIVE MARKET GROWTH             112

9.3           MULTI-MODULE POWER PLANTS            113

9.3.1        EASE OF FINANCING ADDITIONAL UNITS TO DRIVE SEGMENT            113

10            SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY                115

10.1         INTRODUCTION              116

10.2         OFF-GRID            117

10.2.1      NEED FOR CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION TO BOOST SEGMENT       117

10.3         GRID-CONNECTED         118

10.3.1      INTEGRATION OF RENEWABLES TO STRENGTHEN MARKET GROWTH          118

11            SMALL MODULAR REACTORS MARKET, BY LOCATION                 120

11.1         INTRODUCTION              121

11.2         LAND    122

11.2.1      HIGHER THERMAL EFFICIENCY TO DRIVE MARKET                 122

11.3         MARINE                123

11.3.1      DEPLOYMENT IN ISLANDS, REMOTE, AND COASTAL REGIONS TO BOOST MARKET GROWTH                123

12            SMALL MODULAR REACTORS MARKET, BY APPLICATION   125

12.1         INTRODUCTION              126

12.2         POWER GENERATION   127

12.2.1      EASE OF SITING AND OPERATING FLEXIBILITY TO DRIVE DEMAND               127

12.3         DESALINATION 128

12.3.1      INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES TO DRIVE MARKET GROWTH    128

12.4         INDUSTRIAL      129

12.4.1      ANTICIPATED DEPLOYMENT OF SMR IN DIVERSE INDUSTRIAL APPLICATIONS TO BOOST MARKET GROWTH                 129

12.4.2      PROCESS HEAT 131

12.4.3      OTHERS                132

12.4.3.1  Captive electricity generation             132

12.4.3.2  District heating     132

12.5         HYDROGEN PRODUCTION          133

12.5.1      ABILITY TO MAXIMIZE LOAD FACTORS AND POWER PLANT EFFICIENCY TO DRIVE MARKET 133

13            SMALL MODULAR REACTORS MARKET, BY REGION                 135

13.1         INTRODUCTION              136

13.2         ASIA PACIFIC     138

13.2.1      CHINA  144

13.2.1.1  Rise in deployment of SMRs in coastal, island, and offshore areas to drive market      144

13.2.2      JAPAN   145

13.2.2.1  Focus on nuclear recovery and investments in SMR to fuel market                 145

13.2.3      INDIA    146

13.2.3.1  Advancements in energy capacity to drive demand for reactors                 146

13.2.4      SOUTH KOREA  147

13.2.4.1  Expansion of nuclear energy capacity to drive market growth                 147

13.2.5      REST OF ASIA PACIFIC   148

13.3         AMERICAS           149

13.3.1      US           155

13.3.1.1  Rising investments and growing demand for clean power from data centers to drive market                155

13.3.2      CANADA               156

13.3.2.1  Growing demand for reduction in carbon emissions to provide lucrative growth opportunities            156

13.3.3      ARGENTINA       157

13.3.3.1  Rising demand for power generation and desalination applications to boost market               157

13.4         EUROPE               158

13.4.1      RUSSIA 163

13.4.1.1  Deployment for power generation in remote areas of Russian Far East to drive market             163

13.4.2      UK          164

13.4.2.1  Increasing government initiatives and investments to fuel market growth    164

13.4.3      FRANCE                165

13.4.3.1  Focus on achieving decarbonization target to drive market                 165

13.4.4      REST OF EUROPE             166

13.5         MIDDLE EAST & AFRICA                167

13.5.1      GCC COUNTRIES              173

13.5.1.1  Saudi Arabia          173

13.5.1.1.1                Need to reduce dependence on fossil fuels for power generation and desalination to drive market    173

13.5.1.2  Other GCC Countries (Qualitative) 174

13.5.2      SOUTH AFRICA 175

13.5.2.1  Interest in Generation II and III technologies to boost demand                 175

13.5.3      REST OF MIDDLE EAST & AFRICA             176

14            COMPETITIVE LANDSCAPE         178

14.1         OVERVIEW          178

14.1.1      STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024                 178

14.2         MARKET SHARE ANALYSIS, 2023                 179

14.3         MARKET EVALUATION FRAMEWORK     182

14.4         REVENUE ANALYSIS       183

14.5         COMPANY VALUATION AND FINANCIAL MATRIX                 184

14.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 185

14.6.1      STARS   185

14.6.2      EMERGING LEADERS     185

14.6.3      PERVASIVE PLAYERS      185

14.6.4      PARTICIPANTS 185

14.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         187

14.6.5.1  Product footprint  187

14.6.5.2  Market footprint   188

14.6.5.3  Regional footprint                 189

14.6.5.4  Type footprint       190

14.6.5.5  Power capacity footprint     191

14.6.5.6  Connectivity footprint          192

14.6.5.7  Location footprint                 193

14.6.5.8  Deployment footprint          194

14.6.5.9  Coolant footprint  195

14.6.5.10                 Application footprint            196

14.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        197

14.7.1      PROGRESSIVE COMPANIES         197

14.7.2      RESPONSIVE COMPANIES            197

14.7.3      DYNAMIC COMPANIES  197

14.7.4      STARTING BLOCKS         197

14.7.5      COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023                 199

14.7.5.1  List of key startups/SMEs  199

14.7.5.2  Competitive benchmarking of key startups/SMEs          200

14.7.5.3  Competitive benchmarking of key startups/SMEs          201

14.8         COMPETITIVE SCENARIO AND TRENDS                202

14.8.1      DEALS  202

14.8.2      EXPANSIONS     203

14.9         BRAND/PRODUCT COMPARISON             204

15            COMPANY PROFILES      205

15.1         KEY PLAYERS     205

15.1.1      THE STATE ATOMIC ENERGY CORPORATION ROSATOM           205

15.1.1.1  Business overview 205

15.1.1.2  Products/Solutions/Services offered 206

15.1.1.3  Recent developments           207

15.1.1.3.1                Deals      207

15.1.1.4  MnM view              208

15.1.1.4.1                Right to win           208

15.1.1.4.2                Strategic choices   208

15.1.1.4.3                Weaknesses and competitive threats 208

15.1.2      CHINA NATIONAL NUCLEAR CORPORATION     209

15.1.2.1  Business overview 209

15.1.2.2  Products/Solutions/Services offered 209

15.1.2.3  Recent developments           210

15.1.2.3.1                Deals      210

15.1.2.3.2                Other developments             211

15.1.2.4  MnM view              211

15.1.2.4.1                Right to win           211

15.1.2.4.2                Strategic choices   211

15.1.2.4.3                Weaknesses and competitive threats 211

15.1.3      WESTINGHOUSE ELECTRIC COMPANY LLC         212

15.1.3.1  Business overview 212

15.1.3.2  Products/Solutions/Services offered 212

15.1.3.3  Recent developments           213

15.1.3.3.1                Deals      213

15.1.3.3.2                Expansions             215

15.1.3.3.3                Other developments             217

15.1.3.4  MnM view              218

15.1.3.4.1                Right to win           218

15.1.3.4.2                Strategic choices   218

15.1.3.4.3                Weaknesses and competitive threats 218

15.1.4      GE HITACHI NUCLEAR ENERGY                 219

15.1.4.1  Business overview 219

15.1.4.2  Products/Solutions/Services offered 219

15.1.4.3  Recent developments           220

15.1.4.3.1                Deals      220

15.1.4.3.2                Expansions             222

15.1.4.3.3                Other developments             222

15.1.4.4  MnM view              222

15.1.4.4.1                Right to win           222

15.1.4.4.2                Strategic choices   222

15.1.4.4.3                Weaknesses and competitive threats 223

15.1.5      MITSUBISHI HEAVY INDUSTRIES, LTD.  224

15.1.5.1  Business overview 224

15.1.5.2  Products/Solutions/Services offered 225

15.1.5.3  Recent developments           226

15.1.5.3.1                Deals      226

15.1.5.4  MnM view              226

15.1.5.4.1                Right to win           226

15.1.5.4.2                Strategic choices   227

15.1.5.4.3                Weaknesses and competitive threats 227

15.1.6      ROLLS-ROYCE PLC          228

15.1.6.1  Business overview 228

15.1.6.2  Products/Solutions/Services offered 229

15.1.6.3  Recent developments           230

15.1.6.3.1                Deals      230

15.1.6.3.2                Expansions             233

15.1.7      ATKINSRÉALIS  234

15.1.7.1  Business overview 234

15.1.7.2  Products/Solutions/Services offered 235

15.1.7.3  Recent developments           236

15.1.7.3.1                Deals      236

15.1.8      NUSCALE POWER, LLC. 238

15.1.8.1  Business overview 238

15.1.8.2  Products/Solutions/Services offered 239

15.1.8.3  Recent developments           239

15.1.8.3.1                Deals      239

15.1.8.3.2                Expansions             245

15.1.8.3.3                Other developments             246

15.1.9      ULTRA SAFE NUCLEAR  247

15.1.9.1  Business overview 247

15.1.9.2  Products/Solutions/Services offered 247

15.1.9.3  Recent developments           248

15.1.9.3.1                Deals      248

15.1.9.3.2                Expansions             250

15.1.10   TERRESTRIAL ENERGY INC.        251

15.1.10.1                 Business overview 251

15.1.10.2                 Products/Solutions/Services offered 251

15.1.10.3                 Recent developments           252

15.1.10.3.1             Deals      252

15.1.10.3.2             Expansions             254

15.1.10.3.3             Other developments             255

15.1.11   MOLTEX ENERGY            256

15.1.11.1                 Business overview 256

15.1.11.2                 Products/Solutions/Services offered 256

15.1.11.3                 Recent developments           257

15.1.11.3.1             Deals      257

15.1.11.3.2             Other developments             258

15.1.12   X-ENERGY, LLC.                259

15.1.12.1                 Business overview 259

15.1.12.2                 Products/Solutions/Services offered 259

15.1.12.3                 Recent developments           260

15.1.12.3.1             Deals      260

15.1.12.3.2             Other developments             263

15.1.13   HOLTEC INTERNATIONAL          264

15.1.13.1                 Business overview 264

15.1.13.2                 Products/Solutions/Services offered 264

15.1.13.3                 Recent developments           265

15.1.13.3.1             Deals      265

15.1.13.3.2             Expansions             267

15.1.13.3.3             Other developments             267

15.1.14   GENERAL ATOMICS        269

15.1.14.1                 Business overview 269

15.1.14.2                 Products/Solutions/Services offered 269

15.1.14.3                 Recent developments           270

15.1.14.3.1             Deals      270

15.1.14.3.2             Other developments             271

15.1.15   KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC  272

15.1.15.1                 Business overview 272

15.1.15.2                 Products/Solutions/Services offered 273

15.1.15.3                 Recent developments           273

15.1.15.3.1             Deals      273

15.1.16   TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 275

15.1.16.1                 Business overview 275

15.1.16.2                 Products/Solutions/Services offered 275

15.1.16.3                 Recent developments           276

15.1.16.3.1             Deals      276

15.2         OTHER PLAYERS              277

15.2.1      BLYKALLA           277

15.2.2      KAIROS POWER LLC        278

15.2.3      FRAMATOME     278

15.2.4      ARC CLEAN TECHNOLOGY, INC                279

15.2.5      SEABORG TECHNOLOGIES          279

15.2.6      TOKAMAK ENERGY LTD.              280

15.2.7      TERRAPOWER LLC           280

15.2.8      FLIBE ENERGY, INC.        281

15.2.9      OKLO INC.           281

15.2.10   COPENHAGEN ATOMICS              282

16            APPENDIX           283

16.1         INSIGHTS OF INDUSTRY EXPERTS           283

16.2         DISCUSSION GUIDE        284

16.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                289

16.4         CUSTOMIZATION OPTIONS        291

16.5         RELATED REPORTS         291

16.6         AUTHOR DETAILS           292

LIST OF TABLES

TABLE 1                LIST OF MAJOR SECONDARY SOURCES 33

TABLE 2                LIST OF PRIMARY INTERVIEW PARTICIPANTS                 34

TABLE 3                SMALL MODULAR REACTORS MARKET: SNAPSHOT          43

TABLE 4                ROLE OF COMPANIES IN SMR ECOSYSTEM                 61

TABLE 5                ROLE OF TECHNOLOGY COMPANIES IN SMR MARKET               62

TABLE 6                SMALL MODULAR REACTORS MARKET: MAJOR PATENTS, 2020–2023        67

TABLE 7                AVERAGE PRICING TREND OF SMALL MODULAR REACTORS, BY TYPE (USD/MW)         68

TABLE 8                PRICING TREND OF SMALL MODULAR REACTORS, BY REGION (USD/MW)          69

TABLE 9                IMPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY,

2021–2023 (USD THOUSAND)      69

TABLE 10              EXPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY,

2021–2023 (USD THOUSAND)      70

TABLE 11              SMALL MODULAR REACTORS MARKET: CONFERENCES AND EVENTS, 2024–2025                 71

TABLE 12              AMERICAS: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  72

TABLE 13              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  73

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  74

TABLE 15              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  75

TABLE 16              SMALL MODULAR REACTORS MARKET: PORTER’S FIVE FORCES ANALYSIS            78

TABLE 17              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           80

TABLE 18              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 80

TABLE 19              SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2019–2023 (USD MILLION)            86

TABLE 20              SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2024–2030 (USD MILLION)            87

TABLE 21              UP TO 100 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            87

TABLE 22              UP TO 100 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            88

TABLE 23              101–200 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            88

TABLE 24              101–200 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            89

TABLE 25              201–300 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            89

TABLE 26              201–300 MW: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            90

TABLE 27              SMALL MODULAR REACTORS MARKET, BY COOLANT, 2019–2023 (USD MILLION)     92

TABLE 28              SMALL MODULAR REACTORS MARKET, BY COOLANT, 2024–2030 (USD MILLION)     93

TABLE 29              HEAVY LIQUID METALS: SMALL MODULAR REACTORS MARKET, BY REGION,  2019–2023 (USD MILLION)                 93

TABLE 30              HEAVY LIQUID METALS: SMALL MODULAR REACTORS MARKET, BY REGION,  2024–2030 (USD MILLION)                 94

TABLE 31              WATER: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            94

TABLE 32              WATER: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            95

TABLE 33              MOLTEN SALTS: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            95

TABLE 34              MOLTEN SALTS: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            96

TABLE 35              GASES: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            96

TABLE 36              GASES: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            97

TABLE 37             SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)            99

TABLE 38             SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)            100

TABLE 39             SMALL MODULAR REACTORS MARKET, BY TYPE, 2019–2023 (MW) 100

TABLE 40             SMALL MODULAR REACTORS MARKET, BY TYPE, 2024–2030 (MW) 100

TABLE 41             HEAVY WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)            101

TABLE 42             HEAVY WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)            101

TABLE 43              LIGHT WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)            102

TABLE 44              LIGHT WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)            103

TABLE 45              LIGHT WATER REACTORS MARKET, BY TYPE, 2019–2023 (USD MILLION)            103

TABLE 46              LIGHT WATER REACTORS MARKET, BY TYPE, 2024–2030 (USD MILLION)            103

TABLE 47              PRESSURIZED WATER REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            104

TABLE 48              PRESSURIZED WATER REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            104

TABLE 49              BOILING WATER REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)          104

TABLE 50              BOILING WATER REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)          105

TABLE 51              HIGH-TEMPERATURE REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)          105

TABLE 52              HIGH-TEMPERATURE REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)          106

TABLE 53              FAST NEUTRON REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)          106

TABLE 54              FAST NEUTRON REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)          107

TABLE 55             MOLTEN SALT REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)            108

TABLE 56             MOLTEN SALT REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)            109

TABLE 57              SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2019–2023 (USD MILLION)            111

TABLE 58              SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2024–2030 (USD MILLION)            112

TABLE 59              SINGLE-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET,

BY REGION,  2019–2023 (USD MILLION)                 112

TABLE 60              SINGLE-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET,

BY REGION,  2024–2030 (USD MILLION)                 113

TABLE 61              MULTI-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET,

BY REGION,  2019–2023 (USD MILLION)                 114

TABLE 62              MULTI-MODULE POWER PLANTS: SMALL MODULAR REACTORS MARKET,

BY REGION,  2024–2030 (USD MILLION)                 114

TABLE 63              SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2019–2023 (USD MILLION)            116

TABLE 64              SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2024–2030 (USD MILLION)            117

TABLE 65              OFF-GRID SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            117

TABLE 66              OFF-GRID SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            118

TABLE 67              GRID-CONNECTED SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            118

TABLE 68              GRID-CONNECTED SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            119

TABLE 69              SMALL MODULAR REACTORS MARKET, BY LOCATION, 2019–2023 (USD MILLION)   121

TABLE 70              SMALL MODULAR REACTORS MARKET, BY LOCATION, 2024–2030 (USD MILLION)   121

TABLE 71              LAND: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            122

TABLE 72              LAND: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            123

TABLE 73             MARINE: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            124

TABLE 74             MARINE: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            124

TABLE 75              SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            126

TABLE 76              SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            127

TABLE 77              POWER GENERATION: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            128

TABLE 78              POWER GENERATION: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            128

TABLE 79              DESALINATION: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            129

TABLE 80              DESALINATION: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            129

TABLE 81              INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            130

TABLE 82              INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            130

TABLE 83              INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            130

TABLE 84              INDUSTRIAL: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            131

TABLE 85              PROCESS HEAT: SMALL MODULAR REACTORS MARKET, BY REGION,

2019–2023 (USD MILLION)            131

TABLE 86              PROCESS HEAT: SMALL MODULAR REACTORS MARKET, BY REGION,

2024–2030 (USD MILLION)            132

TABLE 87              OTHER INDUSTRIAL APPLICATIONS: SMALL MODULAR REACTORS MARKET,

BY REGION, 2019–2023 (USD MILLION)   132

TABLE 88              OTHER INDUSTRIAL APPLICATIONS: SMALL MODULAR REACTORS MARKET,

BY REGION, 2024–2030 (USD MILLION)   133

TABLE 89              HYDROGEN PRODUCTION: SMALL MODULAR REACTORS MARKET,

BY REGION,  2019–2023 (USD MILLION)                 133

TABLE 90              HYDROGEN PRODUCTION: SMALL MODULAR REACTORS MARKET,

BY REGION,  2024–2030 (USD MILLION)                 134

TABLE 91              SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (USD MILLION)          137

TABLE 92              SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (USD MILLION)          137

TABLE 93              SMALL MODULAR REACTORS MARKET, BY REGION, 2019–2023 (MW)              138

TABLE 94              SMALL MODULAR REACTORS MARKET, BY REGION, 2024–2030 (MW)              138

TABLE 95              ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2019–2023 (USD MILLION)            139

TABLE 96              ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2024–2030 (USD MILLION)            140

TABLE 97              ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2019–2023 (USD MILLION)            140

TABLE 98              ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2024–2030 (USD MILLION)            140

TABLE 99              ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY TYPE,

2019–2023 (USD MILLION)            141

TABLE 100            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY TYPE,

2024–2030 (USD MILLION)            141

TABLE 101            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2019–2023 (USD MILLION)            141

TABLE 102            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2024–2030 (USD MILLION)            142

TABLE 103            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2019–2023 (USD MILLION)            142

TABLE 104            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2024–2030 (USD MILLION)            142

TABLE 105            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2019–2023 (USD MILLION)          142

TABLE 106            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2024–2030 (USD MILLION)            143

TABLE 107            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            143

TABLE 108            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            143

TABLE 109            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            144

TABLE 110            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            144

TABLE 111            CHINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            145

TABLE 112            CHINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            145

TABLE 113            JAPAN: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            146

TABLE 114            JAPAN: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            146

TABLE 115            INDIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            147

TABLE 116            INDIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            147

TABLE 117            SOUTH KOREA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            148

TABLE 118            SOUTH KOREA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            148

TABLE 119            REST OF ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2019–2023 (USD MILLION)            149

TABLE 120            REST OF ASIA PACIFIC: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2024–2030 (USD MILLION)            149

TABLE 121            AMERICAS: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2019–2023 (USD MILLION)          150

TABLE 122            AMERICAS: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2024–2030 (USD MILLION)            151

TABLE 123            AMERICAS: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2019–2023 (USD MILLION)            151

TABLE 124            AMERICAS: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2024–2030 (USD MILLION)            151

TABLE 125            AMERICAS: SMALL MODULAR REACTORS MARKET, BY TYPE,

2019–2023 (USD MILLION)            152

TABLE 126            AMERICAS: SMALL MODULAR REACTORS MARKET, BY TYPE,

2024–2030 (USD MILLION)            152

TABLE 127            AMERICAS: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2019–2023 (USD MILLION)            152

TABLE 128            AMERICAS: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2024–2030 (USD MILLION)            153

TABLE 129            AMERICAS: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2019–2023 (USD MILLION)            153

TABLE 130            AMERICAS: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2024–2030 (USD MILLION)            153

TABLE 131            AMERICAS: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2019–2023 (USD MILLION)            153

TABLE 132            AMERICAS: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2024–2030 (USD MILLION)            154

TABLE 133            AMERICAS: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            154

TABLE 134            AMERICAS: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            154

TABLE 135            AMERICAS: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            155

TABLE 136            AMERICAS: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            155

TABLE 137            US: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            156

TABLE 138            US: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            156

TABLE 139            CANADA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            157

TABLE 140            CANADA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            157

TABLE 141            ARGENTINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            158

TABLE 142            ARGENTINA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            158

TABLE 143            EUROPE: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2019–2023 (USD MILLION)            159

TABLE 144            EUROPE: SMALL MODULAR REACTORS MARKET, BY POWER RATING,

2024–2030 (USD MILLION)            159

TABLE 145            EUROPE: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2019–2023 (USD MILLION)            159

TABLE 146            EUROPE: SMALL MODULAR REACTORS MARKET, BY COOLANT,

2024–2030 (USD MILLION)            160

TABLE 147            EUROPE: SMALL MODULAR REACTORS MARKET, BY TYPE,

2019–2023 (USD MILLION)            160

TABLE 148            EUROPE: SMALL MODULAR REACTORS MARKET, BY TYPE,

2024–2030 (USD MILLION)            160

TABLE 149            EUROPE: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2019–2023 (USD MILLION)            161

TABLE 150            EUROPE: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,

2024–2030 (USD MILLION)          161

TABLE 151            EUROPE: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2019–2023 (USD MILLION)          161

TABLE 152            EUROPE: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,

2024–2030 (USD MILLION)            161

TABLE 153            EUROPE: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2019–2023 (USD MILLION)            162

TABLE 154            EUROPE: SMALL MODULAR REACTORS MARKET, BY LOCATION,

2024–2030 (USD MILLION)          162

TABLE 155            EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            162

TABLE 156            EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            162

TABLE 157            EUROPE: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            163

TABLE 158            EUROPE: SMALL MODULAR REACTORS MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            163

TABLE 159            RUSSIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            164

TABLE 160            RUSSIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            164

TABLE 161            UK: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            165

TABLE 162            UK: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            165

TABLE 163          FRANCE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            166

TABLE 164          FRANCE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            166

TABLE 165            REST OF EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2019–2023 (USD MILLION)                 167

TABLE 166            REST OF EUROPE: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2024–2030 (USD MILLION)                 167

TABLE 167            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY POWER RATING,  2019–2023 (USD MILLION)            168

TABLE 168            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY POWER RATING,  2024–2030 (USD MILLION)            168

TABLE 169            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COOLANT,  2019–2023 (USD MILLION)                 168

TABLE 170            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COOLANT,  2024–2030 (USD MILLION)                 169

TABLE 171            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY TYPE,

2019–2023 (USD MILLION)            169

TABLE 172            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY TYPE,

2024–2030 (USD MILLION)            169

TABLE 173            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,  2019–2023 (USD MILLION)            170

TABLE 174            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT,  2024–2030 (USD MILLION)            170

TABLE 175            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,  2019–2023 (USD MILLION)            170

TABLE 176            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY,  2024–2030 (USD MILLION)            170

TABLE 177            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY LOCATION,  2019–2023 (USD MILLION)                 171

TABLE 178            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY LOCATION,  2024–2030 (USD MILLION)                 171

TABLE 179            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2019–2023 (USD MILLION)            171

TABLE 180            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,  2024–2030 (USD MILLION)            172

TABLE 181            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COUNTRY,  2019–2023 (USD MILLION)                 172

TABLE 182            MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET, BY COUNTRY,  2024–2030 (USD MILLION)                 172

TABLE 183            SAUDI ARABIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          174

TABLE 184            SAUDI ARABIA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            174

TABLE 185            SOUTH AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)            175

TABLE 186            SOUTH AFRICA: SMALL MODULAR REACTORS MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            176

TABLE 187            REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       176

TABLE 188            REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTORS MARKET,

BY APPLICATION, 2024–2030 (USD MILLION)       177

TABLE 189            SMALL MODULAR REACTORS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2024          178

TABLE 190            SMALL MODULAR REACTORS MARKET: DEGREE OF COMPETITION         179

TABLE 191            SMALL MODULAR REACTORS MARKET EVALUATION FRAMEWORK, 2020−2024 182

TABLE 192            SMALL MODULAR REACTORS MARKET: REGION FOOTPRINT       189

TABLE 193            SMALL MODULAR REACTORS MARKET: TYPE FOOTPRINT       190

TABLE 194            SMALL MODULAR REACTORS MARKET: POWER CAPACITY FOOTPRINT 191

TABLE 195            SMALL MODULAR REACTORS MARKET: CONNECTIVITY FOOTPRINT      192

TABLE 196            SMALL MODULAR REACTORS MARKET: LOCATION FOOTPRINT                193

TABLE 197            SMALL MODULAR REACTORS MARKET: DEPLOYMENT FOOTPRINT         194

TABLE 198            SMALL MODULAR REACTORS MARKET: COOLANT FOOTPRINT 195

TABLE 199            SMALL MODULAR REACTORS MARKET: APPLICATION FOOTPRINT         196

TABLE 200            SMALL MODULAR REACTORS MARKET: LIST OF KEY STARTUPS/SMES    199

TABLE 201            SMALL MODULAR REACTORS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (TYPE, POWER RATING, CONNECTIVITY, AND LOCATION)        200

TABLE 202            SMALL MODULAR REACTORS MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES (COOLANT, APPLICATION, AND REGION)            201

TABLE 203            SMALL MODULAR REACTORS MARKET: DEALS, JANUARY 2020–JUNE 2024              202

TABLE 204            SMALL MODULAR REACTORS MARKET: EXPANSIONS, JANUARY 2020–JUNE 2024 203

TABLE 205            THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY OVERVIEW            205

TABLE 206            THE STATE ATOMIC ENERGY CORPORATION ROSATOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 206

TABLE 207            THE STATE ATOMIC ENERGY CORPORATION ROSATOM: DEALS           207

TABLE 208            CHINA NATIONAL NUCLEAR CORPORATION: COMPANY OVERVIEW   209

TABLE 209            CHINA NATIONAL NUCLEAR CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        209

TABLE 210            CHINA NATIONAL NUCLEAR CORPORATION: DEALS  210

TABLE 211            CHINA NATIONAL NUCLEAR CORPORATION: OTHER DEVELOPMENTS              211

TABLE 212            WESTINGHOUSE ELECTRIC COMPANY LLC: COMPANY OVERVIEW   212

TABLE 213            WESTINGHOUSE ELECTRIC COMPANY LLC: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        212

TABLE 214            WESTINGHOUSE ELECTRIC COMPANY LLC: DEALS  213

TABLE 215            WESTINGHOUSE ELECTRIC COMPANY LLC: EXPANSIONS     215

TABLE 216            WESTINGHOUSE ELECTRIC COMPANY LLC: OTHER DEVELOPMENTS              217

TABLE 217            GE HITACHI NUCLEAR ENERGY: COMPANY OVERVIEW          219

TABLE 218            GE HITACHI NUCLEAR ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    219

TABLE 219            GE HITACHI NUCLEAR ENERGY: DEALS 220

TABLE 220            GE HITACHI NUCLEAR ENERGY: EXPANSIONS                 222

TABLE 221            GE HITACHI NUCLEAR ENERGY: OTHER DEVELOPMENTS              222

TABLE 222            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW   224

TABLE 223            MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        225

TABLE 224            MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS                 226

TABLE 225            ROLLS-ROYCE PLC: COMPANY OVERVIEW                 228

TABLE 226            ROLLS-ROYCE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    229

TABLE 227            ROLLS-ROYCE PLC: DEALS          230

TABLE 228            ROLLS-ROYCE PLC: EXPANSIONS             233

TABLE 229            ATKINSRÉALIS: COMPANY OVERVIEW   234

TABLE 230            ATKINSRÉALIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    235

TABLE 231            ATKINSRÉALIS: DEALS  236

TABLE 232            NUSCALE POWER, LLC.: COMPANY OVERVIEW                 238

TABLE 233            NUSCALE POWER, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    239

TABLE 234            NUSCALE POWER, LLC.: DEALS 239

TABLE 235            NUSCALE POWER, LLC.: EXPANSIONS    245

TABLE 236            NUSCALE POWER, LLC.: OTHER DEVELOPMENTS              246

TABLE 237            ULTRA SAFE NUCLEAR: COMPANY OVERVIEW                 247

TABLE 238            ULTRA SAFE NUCLEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED    247

TABLE 239            ULTRA SAFE NUCLEAR: DEALS  248

TABLE 240            ULTRA SAFE NUCLEAR: EXPANSIONS     250

TABLE 241            TERRESTRIAL ENERGY INC.: COMPANY OVERVIEW          251

TABLE 242            TERRESTRIAL ENERGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 243            TERRESTRIAL ENERGY INC.: DEALS         252

TABLE 244            TERRESTRIAL ENERGY INC.: EXPANSIONS                 254

TABLE 245            TERRESTRIAL ENERGY INC.: OTHER DEVELOPMENTS              255

TABLE 246            MOLTEX ENERGY: COMPANY OVERVIEW                 256

TABLE 247            MOLTEX ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 248            MOLTEX ENERGY: DEALS             257

TABLE 249            MOLTEX ENERGY: OTHER DEVELOPMENTS                 258

TABLE 250            X-ENERGY, LLC.: COMPANY OVERVIEW 259

TABLE 251            X-ENERGY, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    259

TABLE 252            X-ENERGY, LLC.: DEALS                260

TABLE 253            X-ENERGY, LLC.: OTHER DEVELOPMENTS                 263

TABLE 254            HOLTEC INTERNATIONAL: COMPANY OVERVIEW          264

TABLE 255            HOLTEC INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 256            HOLTEC INTERNATIONAL: DEALS           265

TABLE 257            HOLTEC INTERNATIONAL: EXPANSIONS                 267

TABLE 258            HOLTEC INTERNATIONAL: OTHER DEVELOPMENTS              267

TABLE 259            GENERAL ATOMICS: COMPANY OVERVIEW                 269

TABLE 260            GENERAL ATOMICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    269

TABLE 261            GENERAL ATOMICS: DEALS        270

TABLE 262            GENERAL ATOMICS: OTHER DEVELOPMENTS                 271

TABLE 263            KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: COMPANY OVERVIEW   272

TABLE 264            KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 273

TABLE 265            KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: DEALS  273

TABLE 266            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: COMPANY OVERVIEW 275

TABLE 267            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 275

TABLE 268            TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: DEALS 276

LIST OF FIGURES

FIGURE 1              SMALL MODULAR REACTORS MARKET: SEGMENTATION AND REGIONAL SCOPE              29

FIGURE 2              SMALL MODULAR REACTORS MARKET: RESEARCH DESIGN         32

FIGURE 3              BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION        35

FIGURE 4              SMALL MODULAR REACTORS MARKET: BOTTOM-UP APPROACH              36

FIGURE 5              SMALL MODULAR REACTORS MARKET: TOP-DOWN APPROACH          37

FIGURE 6              METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SMALL

MODULAR REACTORS   38

FIGURE 7              KEY METRICS CONSIDERED TO ASSESS SUPPLY OF SMALL MODULAR REACTORS              39

FIGURE 8              SMALL MODULAR REACTORS MARKET: SUPPLY-SIDE ANALYSIS                 40

FIGURE 9              DATA TRIANGULATION                41

FIGURE 10            ASIA PACIFIC DOMINATED SMALL MODULAR REACTORS MARKET IN 2023        44

FIGURE 11            WATER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM

2024 TO 2030       45

FIGURE 12            LIGHT WATER REACTORS TO CLAIM LARGEST MARKET SHARE FROM

2024 TO 2030       45

FIGURE 13            OFF-GRID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       46

FIGURE 14            MULTI-MODULE POWER PLANTS TO DOMINATE DURING FORECAST PERIOD              46

FIGURE 15            LAND DEPLOYMENT TO ACCOUNT FOR LARGER SHARE DURING

FORECAST PERIOD         47

FIGURE 16            POWER GENERATION TO BE LARGEST APPLICATION SEGMENT DURING

FORECAST PERIOD         47

FIGURE 17            201–300 MW SMALL MODULAR REACTORS TO SECURE LARGEST

MARKET SHARE DURING FORECAST PERIOD     48

FIGURE 18            DECARBONIZATION GOALS AND REDUCED RELIANCE ON FOSSIL FUELS TO DRIVE MARKET DURING 2024–2030        49

FIGURE 19            SMALL MODULAR REACTORS MARKET IN AMERICAS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD                50

FIGURE 20            WATER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE AMONG

COOLANTS IN 2023          50

FIGURE 21            LIGHT WATER REACTORS DOMINATED MARKET IN 2023                51

FIGURE 22            OFF-GRID – LARGEST CONNECTIVITY SEGMENT IN 2023             51

FIGURE 23            MULTI-MODULE POWER PLANTS SECURED LARGER MARKET SHARE IN 2023               51

FIGURE 24            LAND SEGMENT HELD DOMINANT MARKET SHARE IN 2023   52

FIGURE 25            INDUSTRIAL APPLICATION SEGMENT LED MARKET IN 2023                52

FIGURE 26            201–300 MW SEGMENT CLAIMED LARGER MARKET SHARE IN 2023 52

FIGURE 27            LIGHT WATER REACTORS AND CHINA DOMINATED ASIA PACIFIC  MARKET IN 2023    53

FIGURE 28            SMALL MODULAR REACTORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 54

FIGURE 29            GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2019–2023    55

FIGURE 30            ON LOAD-FOLLOWING OPERATIONS OF SMRS                 58

FIGURE 31            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   59

FIGURE 32            SUPPLY CHAIN ANALYSIS             60

FIGURE 33            ECOSYSTEM ANALYSIS  61

FIGURE 34            SMALL MODULAR REACTORS MARKET: PATENTS APPLIED AND GRANTED,

2013–2023              66

FIGURE 35            IMPORT DATA FOR HS CODE 840110-COMPLIANT NUCLEAR REACTORS,

FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)                 70

FIGURE 36            EXPORT DATA FOR HS CODE 840110-COMPLIANT NUCLEAR REACTORS,

FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)                 71

FIGURE 37            SMALL MODULAR REACTORS MARKET: PORTER’S FIVE FORCES ANALYSIS            77

FIGURE 38            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           79

FIGURE 39            KEY BUYING CRITERIA FOR THREE APPLICATIONS 80

FIGURE 40            INVESTMENT AND FUNDING SCENARIO                 81

FIGURE 41            IMPACT OF GENERATIVE AI ON SMALL MODULAR REACTORS MARKET,

BY APPLICATION             82

FIGURE 42            SMALL MODULAR REACTORS MARKET, BY POWER RATING, 2023     86

FIGURE 43            SMALL MODULAR REACTORS MARKET, BY COOLANT, 2023                 92

FIGURE 44           SMALL MODULAR REACTORS MARKET, BY TYPE, 2023        99

FIGURE 45            SMALL MODULAR REACTORS MARKET, BY DEPLOYMENT, 2023        111

FIGURE 46            SMALL MODULAR REACTORS MARKET, BY CONNECTIVITY, 2023     116

FIGURE 47            SMALL MODULAR REACTORS MARKET, BY LOCATION, 2023                121

FIGURE 48            SMALL MODULAR REACTORS MARKET, BY APPLICATION, 2023         126

FIGURE 49            SMALL MODULAR REACTORS MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2024 TO 2030        136

FIGURE 50            SMALL MODULAR REACTORS MARKET SHARE, BY REGION, 2023               137

FIGURE 51            ASIA PACIFIC: SMALL MODULAR REACTORS MARKET SNAPSHOT       139

FIGURE 52            AMERICAS: SMALL MODULAR REACTORS MARKET SNAPSHOT       150

FIGURE 53            SMALL MODULAR REACTORS MARKET SHARE ANALYSIS, 2023  180

FIGURE 54            SMALL MODULAR REACTORS MARKET: REVENUE ANALYSIS OF

KEY PLAYERS, 2019–2023                183

FIGURE 55            SMALL MODULAR REACTORS MARKET: COMPANY VALUATION 184

FIGURE 56            SMALL MODULAR REACTORS MARKET: FINANCIAL MATRIX        184

FIGURE 57            SMALL MODULAR REACTORS MARKET: COMPANY EVALUATION MATRIX:

KEY PLAYERS, 2023           186

FIGURE 58            SMALL MODULAR REACTORS MARKET: COMPANY FOOTPRINT 187

FIGURE 59            SMALL MODULAR REACTORS MARKET: COMPANY MARKET FOOTPRINT              188

FIGURE 60            SMALL MODULAR REACTORS MARKET: COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023                 198

FIGURE 61            BRAND/PRODUCT COMPARISON             204

FIGURE 62            THE STATE ATOMIC ENERGY CORPORATION ROSATOM: COMPANY SNAPSHOT            206

FIGURE 63            MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT   225

FIGURE 64            ROLLS-ROYCE PLC: COMPANY SNAPSHOT                 229

FIGURE 65            ATKINSRÉALIS: COMPANY SNAPSHOT   235

FIGURE 66            NUSCALE POWER, LLC.: COMPANY SNAPSHOT                 238

FIGURE 67            KEPCO ENGINEERING & CONSTRUCTION COMPANY.INC: COMPANY SNAPSHOT  272