出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
小型モジュール炉市場 : 原子炉 (HWR、LWR、HTR、FNR、MSR)、用途 (発電、海水淡水化、水素生成、産業)、展開 (シングルモジュール、マルチモジュール)、接続性、位置、冷却材、定格電力、地域別 – 2030年までの世界予測
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
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| 種別 | 英文調査報告書 |
| 価格 |
The global small modular reactor market is estimated to grow from USD 6.8 billion by 2030 from an estimated of USD 5.8 billion in 2023; it is expected to record a CAGR of 2.3% during the forecast period. Increased investment in industrial production is driving the demand of small modular reactor market.
According to the International Energy Agency, nuclear energy accounted for ~10% of the global electricity generation mix in 2021. Asia Pacific, along with Europe and the Americas, provide lucrative opportunities for the deployment of SMRs owing to their small size, which enables siting feasibility in remote regions, isolated grids, islands, and small-scale grids. The governments of the US, the UK, and Canada have undertaken various policy initiatives to accelerate the development and commercialization of SMR technology.
“101–200 MW: The second largest- growing segment of the Small modular reactor market”
Based on by power rating of small modular reactor, the 101–200 MW segment is estimated to be the second largest-growing market from 2023 to 2028. The power rating of 101-200 MW holds a market share of 29.3% share of the small modular reactor market in 2022. In addition to power generation, small modular reactors (SMRs) in the range of 101 to 200 MW can indeed be actively used in the field of desalination. Desalination is the process of converting seawater or brackish water into freshwater suitable for various purposes, including drinking water, agriculture, and industrial applications. SMRs can play a significant role in this domain by providing the necessary energy for desalination plants. The excess heat generated by the reactor can be utilized in thermal desalination methods such as multi-effect distillation (MED) or multi-stage flash (MSF) distillation. In these processes, the heat is used to evaporate seawater, leaving behind salt and impurities, and then condensing the vapor to produce freshwater.
“Molten Salt: The third largest- growing segment of the Small modular reactor market”
Based on by coolant of small modular reactor, the Molten Salt segment is estimated to be the third largest-growing market from 2023 to 2028. The salts concerned as primary coolants are mostly lithium-beryllium fluoride, and lithium fluoride. Molten Salt Reactors (MSRs) use molten fluoride salts as the primary coolant. Fluoride salts have very low vapor pressures even at high temperatures due to their good heat transfer properties. They are not damaged by radiation, do not react violently with air or water, and are inert to some common structural metals. Using Molten salts as a coolant in the reactor will make them radioactive and can lead to the need for periodic maintenance. But the operational advantages of these salts are far more preferred than the disadvantages fueling the market for molten salts segment. MSRs have the flexibility to utilize various fuels, including uranium, plutonium, actinides derived from nuclear waste, and thorium. The choice of fuel depends on whether the MSRs are operating as fast reactors or not. One notable advantage of MSRs is their ability to operate at high temperatures, making them suitable for generating hydrogen and providing heat for diverse industrial applications.
“Desalination: The third-largest segment by application in Small modular reactor market”
The desalination segment, by applications, is projected to hold the third-largest market size during the forecast period. SMRs can be used for nuclear desalination, where potable water is produced from seawater in a facility. Desalination using an SMR may involve the use of electrical or thermal energy. The distillation process may require mainly heat, in addition to electricity for ancillary equipment, and the membrane process, which requires only electricity to provide pumping power. Desalination plants may also be designed to produce potable water or used as co-generation nuclear power plants to generate electricity. Currently, the energy for desalination plants is mostly produced from fossil fuels, which causes several environmental concerns. Therefore, several countries are considering using SMRs for desalination. SMRs that generate low-temperature heat (280–325°C) are a viable option to fulfill the increasing demand for potable water, especially in areas with acute water shortages in several arid and semi-arid zones. Geographies such as Asia, the Middle East, and North Africa have immense potential for the deployment of SMRs for desalination. Harnessing the advantages of SMRs for desalination can enhance water security, promote sustainable development, and alleviate the strain on freshwater sources in a more environmentally friendly manner.
“Americas: The third fastest and third largest-growing region in Small modular reactor market”
Americas is estimated to hold the third largest and third fastest market share in the small modular reactor market. The scope of this regional market includes the US, Canada, and Argentina. The region houses some of the major SMR developers such as NuScale Power, LLC. (US), GE Hitachi Nuclear Energy (US), Moltex Energy (Canada), and Terrestrial Energy Inc. (Canada), which has helped the Americas in developing multiple SMR projects that are expected to be commercialized in the near future. According to the BP Statistical Review of World Energy 2021, the electricity generated from nuclear power accounted for 18.5% of the total electricity generation in the region.
The governments in this region have made several advancements in the development of SMRs. For instance, the US Department of Energy selected 13 projects in April 2018 to receive USD 60 million in cost-shared R&D funding for advanced SMR technologies as a part of grants under the US Industry Opportunities for Advance Nuclear Technology Development initiative. The Department of Energy also established the Advanced Reactor Demonstration Program (ARDP) in May 2020 to provide funds (starting with USD 160 million) on a cost-sharing basis for the construction of two SMRs that are expected to become operational within seven years. Similarly, as a part of the initiatives by the Canadian government, Terrestrial Energy Inc. (Canada) received a grant of USD 14.9 million investment from Canada’s Strategic Innovation Fund to accelerate the development of its Integral Molten Salt Reactor (IMSR) in October 2020.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: Americas- 40%, Asia Pacific- 35%, Europe- 20%, and the Middle East & Africa- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, 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 Westinghouse Electric Company LLC (US), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada), Moltex Energy (Canada), GE Hitachi Nuclear Energy (US), X Energy, LLC. (US), X Energy, LLC. (US), General Atomics (US), ARC Clean Energy, Inc. (Canada), LeadCold Reactors (Sweden), Rolls-Royce (UK), Ultra Safe Nuclear (US), Toshiba Energy Systems & Solutions Corporation (Japan), Tokamak Energy Ltd. (UK), SNC-Lavalin Group (Canada), Afrikantov OKB Mechanical Engineering (Russia), China National Nuclear Corporation (China), Framatome (France), U-BATTERY (UK), and Seaborg Technologies (Denmark).
Research Coverage:
The report defines, describes, and forecasts the global Small modular reactor market, by reactor, deployment, connectivity, location, coolant, application, power rating, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Small modular reactor market.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the small modular reactor market and provides them information on key market drivers, restraints, challenges, and opportunities.
• Analysis of key drivers (versatile nature of nuclear energy, Benefits of modularization and factory construction), restraints (Stringent regulatory policies and standards to deploy SMRs, Negative public perception of nuclear power technology), opportunities (Progression into sustainable future with net zero emission and decarbonization of energy sector, Integration of SMRs with renewable energy sources), and challenges (Lack of standard licensing process ) influencing the growth of the small modular reactor market.
• Product Development/ Innovation: The future of the small modular reactor market looks bright. Terrestrial Energy Inc. signed an agreement with the Australian Nuclear Science and Technology Organisation (ANSTO). Under this agreement, ANSTO will provide technical guidance to Terrestrial Energy Inc. for the conditioning of used reactor fuel from the Integral Molten Salt Reactor (IMSR) power plants in the United States, Canada, and the United Kingdom, and other global markets.
• Market Development: The versatile nature of nuclear energy could enable the transition to a cleaner world and a stronger global economy. In recent decades, clean energy sources have witnessed rapid innovations and cost reductions. Solar photovoltaic, wind power, hydropower, dispatchable geothermal (both deep and shallow), biomass, and concentrating solar power have experienced rapid technological and economic advances in the last decade. Nuclear energy has the potential to be coupled with several other energy sources in a synergistic fashion, which could result in integrated systems that are more than the sum of their parts.
• Market Diversification: Westinghouse Electric Company LLC offers small modular reactors such as integral pressurized-water reactors and microreactors. The company expects to have its integral pressurized-water reactors ready for deployment in the US by the end of 2022. It intends on building a demonstration unit of its microreactor design by 2022 and deploying it for commercial operation by 2025. It also focuses on investments and expansion as one of its key strategies to increase market presence.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Westinghouse Electric Company LLC (US), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada), Moltex Energy (Canada), and.GE Hitachi Nuclear Energy (US), among others in the small modular reactor market
目次
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 RECESSION IMPACT 32
1.3.1 INCLUSIONS AND EXCLUSIONS 32
1.4 STUDY SCOPE 33
1.4.1 MARKETS COVERED 33
1.4.2 REGIONAL SCOPE 33
1.4.3 YEARS CONSIDERED 34
1.5 CURRENCY CONSIDERED 34
1.6 LIMITATIONS 34
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH APPROACH 36
FIGURE 1 SMALL MODULAR REACTOR MARKET: RESEARCH DESIGN 36
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 37
FIGURE 2 DATA TRIANGULATION 37
2.2.1 SECONDARY DATA 38
2.2.1.1 Key data from secondary sources 38
2.2.2 PRIMARY DATA 38
2.2.2.1 Key data from primary sources 39
FIGURE 3 KEY INDUSTRY INSIGHTS 39
2.2.2.2 Breakdown of primaries 39
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 40
2.3 MARKET SIZE ESTIMATION 40
2.3.1 BOTTOM-UP APPROACH 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.3.2 TOP-DOWN APPROACH 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
2.3.3 DEMAND-SIDE ANALYSIS 42
FIGURE 7 DEMAND-SIDE CALCULATION 42
FIGURE 8 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR SMALL MODULAR REACTORS 43
2.3.3.1 Assumptions for demand-side analysis 44
2.3.4 FORECAST 44
2.4 IMPACT OF RECESSION 45
3 EXECUTIVE SUMMARY 46
TABLE 1 SMALL MODULAR REACTOR MARKET: SNAPSHOT 46
FIGURE 9 ASIA PACIFIC DOMINATED SMALL MODULAR REACTOR MARKET IN 2022 47
FIGURE 10 WATER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2023 TO 2030 48
FIGURE 11 LIGHT-WATER REACTORS TO CLAIM LARGEST MARKET SHARE FROM 2023 TO 2030 48
FIGURE 12 OFF-GRID SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 49
FIGURE 13 MULTI-MODULE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 49
FIGURE 14 LAND SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 50
FIGURE 15 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 50
FIGURE 16 201–300 MW SEGMENT TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMALL MODULAR REACTOR MARKET 52
FIGURE 17 LOW COST OF SMR DUE TO MODULARIZATION AND FACTORY CONSTRUCTION TO DRIVE MARKET DURING 2023–2030 52
4.2 SMALL MODULAR REACTOR MARKET, BY REGION 53
FIGURE 18 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 53
4.3 SMALL MODULAR REACTOR MARKET, BY COOLANT 53
FIGURE 19 WATER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY COOLANT, IN 2022 53
4.4 SMALL MODULAR REACTOR MARKET, BY TYPE 54
FIGURE 20 LIGHT-WATER REACTORS ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 54
4.5 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY 54
FIGURE 21 OFF-GRID SEGMENT HELD LARGER MARKET SHARE IN 2022 54
4.6 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT 55
FIGURE 22 MULTI-MODULE POWER PLANT SECURED LARGER MARKET SHARE IN 2022 55
4.7 SMALL MODULAR REACTOR MARKET, BY LOCATION 55
FIGURE 23 LAND SEGMENT DOMINATED MARKET IN 2022 55
4.8 SMALL MODULAR REACTOR MARKET, BY APPLICATION 56
FIGURE 24 INDUSTRIAL SEGMENT LED MARKET IN 2022 56
4.9 SMALL MODULAR REACTOR MARKET, BY POWER RATING 56
FIGURE 25 201–300 MW SEGMENT CLAIMED LARGER MARKET SHARE IN 2022 56
4.10 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 57
FIGURE 26 LIGHT-WATER REACTORS AND CHINA DOMINATED MARKET IN ASIA PACIFIC IN 2022 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 27 SMALL MODULAR REACTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Versatile nature of nuclear power 59
FIGURE 28 GLOBAL LOW-CARBON ENERGY GENERATION, BY SOURCE, 2011–2021 59
5.2.1.2 Benefits of modularization and factory construction 60
5.2.2 RESTRAINTS 60
5.2.2.1 Stringent regulatory policies and standards 60
5.2.2.2 Negative public perception of nuclear power technology 61
5.2.3 OPPORTUNITIES 61
5.2.3.1 Progression into sustainable future with net zero emission and decarbonization of energy sector 61
5.2.3.2 Integration of SMRs with renewable energy sources 62
5.2.4 CHALLENGES 62
5.2.4.1 Lack of standard licensing process 62
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 63
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SMALL MODULAR REACTOR MARKET PLAYERS 63
FIGURE 29 REVENUE SHIFT OF SMALL MODULAR REACTOR PROVIDERS 64
5.4 PRICING ANALYSIS 64
TABLE 2 CAPEX OF SMALL MODULAR REACTOR PROJECTS, BY TYPE 64
5.5 SUPPLY CHAIN ANALYSIS 65
FIGURE 30 SMALL MODULAR REACTOR MARKET: SUPPLY CHAIN ANALYSIS 65
5.5.1 COMPONENT MANUFACTURERS 65
5.5.2 SMALL MODULAR REACTOR MANUFACTURERS 65
5.5.3 SMALL MODULAR REACTOR SUPPORT SERVICE PROVIDERS/ INTEGRATORS 65
5.5.4 END USERS 65
5.6 ECOSYSTEM ANALYSIS 66
TABLE 3 SMALL MODULAR REACTOR MARKET: ECOSYSTEM 66
5.7 KEY CONFERENCES AND EVENTS, 2023–2024 66
TABLE 4 SMALL MODULAR REACTOR MARKET: LIST OF CONFERENCES AND EVENTS 66
5.8 SMALL MODULAR REACTOR MARKET: REGULATIONS 67
5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 8 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
5.8.2 STANDARDS AND REGULATIONS 68
TABLE 9 SMALL MODULAR REACTOR MARKET: STANDARDS AND REGULATIONS 68
5.9 PATENT ANALYSIS 72
5.10 PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS FOR SMALL MODULAR REACTOR MARKET 75
TABLE 10 SMALL MODULAR REACTOR MARKET: PORTER’S FIVE FORCES ANALYSIS 76
5.10.1 THREAT OF SUBSTITUTES 76
5.10.2 BARGAINING POWER OF SUPPLIERS 76
5.10.3 BARGAINING POWER OF BUYERS 76
5.10.4 THREAT OF NEW ENTRANTS 77
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.11 TECHNOLOGY ANALYSIS 77
5.12 TRADE ANALYSIS 78
5.12.1 EXPORT SCENARIO 78
TABLE 11 EXPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2018–2022 (USD MILLIONS) 78
FIGURE 32 EXPORT DATA FOR TOP 5 COUNTRIES, 2018–2022 (USD THOUSANDS) 79
5.12.2 IMPORT SCENARIO 79
TABLE 12 IMPORT SCENARIO FOR HS CODE: 840110, BY COUNTRY, 2018–2022 (USD MILLIONS) 79
FIGURE 33 IMPORT DATA FOR TOP 5 COUNTRIES, 2018–2022 (USD THOUSANDS) 80
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE APPLICATIONS 80
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 81
5.13.2 BUYING CRITERIA 81
FIGURE 35 KEY BUYING CRITERIA FOR THREE APPLICATIONS 81
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 81
6 SMALL MODULAR REACTOR MARKET, BY TYPE 82
6.1 INTRODUCTION 83
FIGURE 36 SMALL MODULAR REACTOR MARKET, BY TYPE 83
TABLE 15 SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2021 (USD MILLION) 83
TABLE 16 SMALL MODULAR REACTOR MARKET, BY TYPE, 2022–2030 (USD MILLION) 84
6.2 HEAVY-WATER REACTORS 84
6.2.1 BETTER-MODERATING PROPERTIES COMPARED WITH LIGHT WATER TO DRIVE SEGMENT GROWTH 84
TABLE 17 HEAVY-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 84
TABLE 18 HEAVY-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 85
6.3 LIGHT-WATER REACTORS 85
6.3.1 HIGH DEGREE OF TECHNOLOGICAL READINESS TO DRIVE MARKET 85
TABLE 19 LIGHT-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 86
TABLE 20 LIGHT-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 86
TABLE 21 LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2019–2021 (USD MILLION) 86
TABLE 22 LIGHT-WATER REACTOR MARKET, BY SUBTYPE, 2022–2030 (USD MILLION) 86
6.3.2 PRESSURIZED-WATER REACTORS 87
TABLE 23 PRESSURIZED-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 87
TABLE 24 PRESSURIZED-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 87
6.3.3 BOILING-WATER REACTORS 88
TABLE 25 BOILING-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 88
TABLE 26 BOILING-WATER REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 88
6.4 HIGH-TEMPERATURE REACTORS 89
6.4.1 USEFUL IN VARIOUS HIGH-TEMPERATURE INDUSTRIAL APPLICATIONS 89
TABLE 27 HIGH-TEMPERATURE REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 89
TABLE 28 HIGH-TEMPERATURE REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 90
6.5 FAST-NEUTRON REACTORS 90
6.5.1 REDUCES NUCLEAR WASTE 90
TABLE 29 FAST NEUTRON REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 90
TABLE 30 FAST NEUTRON REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 91
6.5.2 LEAD-COOLED REACTORS 91
6.5.3 LEAD-BISMUTH REACTORS 91
6.5.4 SODIUM-COOLED REACTORS 92
6.6 MOLTEN SALT REACTORS 92
6.6.1 HIGHER EFFICINCIES AND LOWER WATSE GENERATION TO DRIVE MARKET 92
TABLE 31 MOLTEN SALT REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 93
TABLE 32 MOLTEN SALT REACTORS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 93
7 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY 94
7.1 INTRODUCTION 95
FIGURE 37 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY 95
TABLE 33 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2021 (USD MILLION) 95
TABLE 34 SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2022–2030 (USD MILLION) 96
7.2 OFF-GRID 96
7.2.1 REQUIREMENT FOR CLEAN, FLEXIBLE, AND RELIABLE POWER GENERATION TO DRIVE MARKET 96
TABLE 35 OFF-GRID: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 97
TABLE 36 OFF-GRID: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 97
7.3 GRID-CONNECTED 97
7.3.1 INTEGRATION OF RENEWABLES TO STRENGTHEN MARKET 97
TABLE 37 GRID-CONNECTED: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 98
TABLE 38 GRID-CONNECTED: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 98
8 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT 99
8.1 INTRODUCTION 100
FIGURE 38 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT 100
TABLE 39 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2021 (USD MILLION) 100
TABLE 40 SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2022–2030 (USD MILLION) 101
8.2 SINGLE-MODULE POWER PLANT 101
8.2.1 RELATIVE EASE OF LICENSING TO DRIVE MARKET 101
TABLE 41 SINGLE-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 102
TABLE 42 SINGLE-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 102
8.3 MULTI-MODULE POWER PLANT 102
8.3.1 EASE OF FINANCING ADDITIONAL UNITS TO DRIVE MARKET 102
TABLE 43 MULTI-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 103
TABLE 44 MULTI-MODULE POWER PLANT: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 103
9 SMALL MODULAR REACTOR MARKET, BY POWER RATING 104
9.1 INTRODUCTION 105
FIGURE 39 SMALL MODULAR REACTOR MARKET SHARE, BY POWER RATING 105
TABLE 45 SMALL MODULAR REACTOR MARKET SIZE, BY VOLTAGE,
2021–2030 (USD MILLION) 106
9.2 UP TO 100 MW 106
9.2.1 HARNESSING SMALL MODULAR REACTORS FOR SUSTAINABLE ELECTRICITY GENERATION TO DRIVE GROWTH 106
TABLE 46 UP TO 100 MW: SMALL MODULAR REACTOR MARKET SIZE, BY REGION, 2021–2030 (USD MILLION) 107
9.3 101–200 MW 107
9.3.1 PROVIDES NECESSARY ENERGY FOR DESALINATION PLANTS 107
TABLE 47 101–200 MW: SMALL MODULAR REACTOR MARKET, BY REGION, 2021–2030 (USD MILLION) 108
9.4 201–300 MW 108
9.4.1 FLEXIBILITY FOR REMOTE AREAS AND COST-EFFECTIVENESS TO DRIVE MARKET 108
TABLE 48 201-300 MW: SMALL MODULAR REACTOR MARKET, BY REGION, 2021–2030 (USD MILLION) 109
10 SMALL MODULAR REACTOR MARKET, BY LOCATION 110
10.1 INTRODUCTION 111
FIGURE 40 SMALL MODULAR REACTOR MARKET, BY LOCATION, 111
TABLE 49 SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2021 (USD MILLION) 111
TABLE 50 SMALL MODULAR REACTOR MARKET, BY LOCATION, 2022–2030 (USD MILLION) 112
10.2 LAND 112
10.2.1 PROTECTION FROM NATURAL HAZARDS AND DISASTERS 112
TABLE 51 LAND: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 113
TABLE 52 LAND: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 113
10.3 MARINE 113
10.3.1 DEPLOYED IN ISLANDS, REMOTE, AND COASTAL REGIONS 113
TABLE 53 MARINE: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 114
TABLE 54 MARINE: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 114
11 SMALL MODULAR REACTOR MARKET, BY APPLICATION 115
11.1 INTRODUCTION 116
FIGURE 41 SMALL MODULAR REACTOR MARKET, BY APPLICATION 116
TABLE 55 SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 116
TABLE 56 SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 117
11.2 POWER GENERATION 117
11.2.1 EASE OF SITING AND OPERATING FLEXIBILITY TO DRIVE MARKET 117
TABLE 57 POWER GENERATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 117
TABLE 58 POWER GENERATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 118
11.3 DESALINATION 118
11.3.1 INCREASING DEMAND FOR POTABLE WATER IN ARID AND SEMI-ARID ZONES TO DRIVE MARKET 118
TABLE 59 DESALINATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 118
TABLE 60 DESALINATION: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 119
11.4 INDUSTRIAL 119
11.4.1 LOW EMISSIONS AND HIGH-QUALITY HEAT TO OFFER SEVERAL INDUSTRIAL APPLICATIONS 119
TABLE 61 INDUSTRIAL: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 119
TABLE 62 INDUSTRIAL: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 120
TABLE 63 SMALL MODULAR REACTOR MARKET, BY INDUSTRIAL, 2019–2021 (USD MILLION) 120
TABLE 64 SMALL MODULAR REACTOR MARKET, BY INDUSTRIAL, 2022–2030 (USD MILLION) 120
11.4.2 PROCESS HEAT 120
TABLE 65 PROCESS HEAT: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 121
TABLE 66 PROCESS HEAT: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 121
11.4.3 OTHER 121
11.4.3.1 Captive electricity generation 121
11.4.3.2 District heating 121
TABLE 67 OTHERS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 122
TABLE 68 OTHERS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 122
11.5 HYDROGEN PRODUCTION 122
11.5.1 ABILITY TO MAXIMIZE LOAD FACTORS INCREASE POWER PLANT EFFICIENCY TO DRIVE MARKET 122
TABLE 69 HYDROGEN PRODUCTION: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 123
TABLE 70 HYDROGEN PRODUCTION: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 124
12 SMALL MODULAR REACTOR MARKET, BY COOLANT 125
12.1 INTRODUCTION 126
FIGURE 42 SMALL MODULAR REACTOR MARKET, BY COOLANT 126
TABLE 71 SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2021 (USD MILLION) 126
TABLE 72 SMALL MODULAR REACTOR MARKET, BY COOLANT, 2022–2030 (USD MILLION) 127
12.2 HEAVY LIQUID METALS 127
12.2.1 THERMODYNAMIC PROPERTIES OF HEAVY LIQUID METALS TO SUPPORT MARKET 127
TABLE 73 HEAVY LIQUID METALS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 127
TABLE 74 HEAVY LIQUID METALS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 128
12.3 WATER 128
12.3.1 ADVANCEMENTS IN REACTORS FOR PROPER HANDLING OF WATER COOLANTS TO DRIVE MARKET 128
TABLE 75 WATER: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 128
TABLE 76 WATER: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 129
12.4 MOLTEN SALTS 129
12.4.1 OPERATIONAL ADVANTAGES TO DRIVE MARKET 129
TABLE 77 MOLTEN SALTS: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 129
TABLE 78 MOLTEN SALTS: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 130
12.5 GASES 130
12.5.1 CONTROLS OCCURRENCE OF CORROSION 130
TABLE 79 GASES: SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 130
TABLE 80 GASES: SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 131
13 SMALL MODULAR REACTOR MARKET, BY REGION 132
13.1 INTRODUCTION 133
FIGURE 43 SMALL MODULAR REACTOR MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2023 TO 2030 133
FIGURE 44 SMALL MODULAR REACTOR MARKET SHARE, BY REGION, 2022 134
TABLE 81 SMALL MODULAR REACTOR MARKET, BY REGION, 2019–2021 (USD MILLION) 134
TABLE 82 SMALL MODULAR REACTOR MARKET, BY REGION, 2022–2030 (USD MILLION) 134
13.2 ASIA PACIFIC 135
13.2.1 RECESSION IMPACT ON ASIA PACIFIC MARKET 135
FIGURE 45 ASIA PACIFIC: SNAPSHOT OF SMALL MODULAR REACTOR MARKET IN 2022 136
TABLE 83 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY POWER RATING, 2022–2030 (USD MILLION) 136
TABLE 84 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2021 (USD MILLION) 137
TABLE 85 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2022–2030 (USD MILLION) 137
TABLE 86 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2021 (USD MILLION) 137
TABLE 87 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY TYPE, 2022–2030 (USD MILLION) 138
TABLE 88 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2021 (USD MILLION) 138
TABLE 89 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2022–2030 (USD MILLION) 138
TABLE 90 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2021 (USD MILLION) 138
TABLE 91 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2022–2030 (USD MILLION) 139
TABLE 92 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2021 (USD MILLION) 139
TABLE 93 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2022–2030 (USD MILLION) 139
TABLE 94 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 139
TABLE 95 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 140
TABLE 96 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 140
TABLE 97 ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 140
13.2.2 CHINA 141
13.2.2.1 Rise in deployment of SMRs in coastal, island, and offshore areas 141
TABLE 98 CHINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 141
TABLE 99 CHINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 142
13.2.3 JAPAN 142
13.2.3.1 Integration of renewable energy sources with SMR to provide lucrative growth opportunities 142
TABLE 100 JAPAN: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 143
TABLE 101 JAPAN: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 143
13.2.4 INDIA 143
13.2.4.1 Retiring fossil fuel-fired power plants to drive demand for reactors 143
TABLE 102 INDIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 144
TABLE 103 INDIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 144
13.2.5 SOUTH KOREA 145
13.2.5.1 Developments in marine small modular reactors for floating power plants to provide lucrative opportunities 145
TABLE 104 SOUTH KOREA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 145
TABLE 105 SOUTH KOREA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 146
13.2.6 REST OF ASIA PACIFIC 146
TABLE 106 REST OF ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 146
TABLE 107 REST OF ASIA PACIFIC: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 147
13.3 EUROPE 147
13.3.1 RECESSION IMPACT ON EUROPE MARKET 147
FIGURE 46 EUROPE: SMALL MODULAR REACTOR MARKET SNAPSHOT 148
TABLE 108 EUROPE: SMALL MODULAR REACTOR MARKET, BY POWER RATING, 2022–2030 (USD MILLION) 148
TABLE 109 EUROPE: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2021 (USD MILLION) 149
TABLE 110 EUROPE: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2022–2030 (USD MILLION) 149
TABLE 111 EUROPE: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2021 (USD MILLION) 149
TABLE 112 EUROPE: SMALL MODULAR REACTOR MARKET, BY TYPE, 2022–2030 (USD MILLION) 150
TABLE 113 EUROPE: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2021 (USD MILLION) 150
TABLE 114 EUROPE: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2022–2030 (USD MILLION) 150
TABLE 115 EUROPE: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2021 (USD MILLION) 150
TABLE 116 EUROPE: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2022–2030 (USD MILLION) 151
TABLE 117 EUROPE: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2021 (USD MILLION) 151
TABLE 118 EUROPE: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2022–2030 (USD MILLION) 151
TABLE 119 EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 151
TABLE 120 EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 152
TABLE 121 EUROPE: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 152
TABLE 122 EUROPE: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 152
13.3.1.1 Russia 153
13.3.1.1.1 Deployment of SMRs for power generation in remote areas of Russian Far East to drive market 153
TABLE 123 RUSSIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 153
TABLE 124 RUSSIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 154
13.3.1.2 UK 154
13.3.1.2.1 Increasing government initiatives and investments to fuel market growth 154
TABLE 125 UK: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 155
TABLE 126 UK: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 155
13.3.1.3 France 155
13.3.1.3.1 Focus on achieving decarbonization target to drive market 155
TABLE 127 FRANCE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 156
TABLE 128 FRANCE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 156
13.3.2 REST OF EUROPE 156
TABLE 129 REST OF EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 157
TABLE 130 REST OF EUROPE: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 157
13.4 AMERICAS 158
13.4.1 RECESSION IMPACT ON AMERICAS MARKET 158
TABLE 131 AMERICAS: SMALL MODULAR REACTOR MARKET, BY POWER RATING, 2022–2030 (USD MILLION) 159
TABLE 132 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2021 (USD MILLION) 159
TABLE 133 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2022–2030 (USD MILLION) 159
TABLE 134 AMERICAS: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2021 (USD MILLION) 160
TABLE 135 AMERICAS: SMALL MODULAR REACTOR MARKET, BY TYPE, 2022–2030 (USD MILLION) 160
TABLE 136 AMERICAS: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2021 (USD MILLION) 160
TABLE 137 AMERICAS: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2022–2030 (USD MILLION) 161
TABLE 138 AMERICAS: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2021 (USD MILLION) 161
TABLE 139 AMERICAS: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2022–2030 (USD MILLION) 161
TABLE 140 AMERICAS: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2021 (USD MILLION) 161
TABLE 141 AMERICAS: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2022–2030 (USD MILLION) 162
TABLE 142 AMERICAS: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 162
TABLE 143 AMERICAS: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 162
TABLE 144 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 163
TABLE 145 AMERICAS: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 163
13.4.2 US 163
13.4.2.1 Rising investments coupled with government initiatives to drive market 163
TABLE 146 US: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 164
TABLE 147 US: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 164
13.4.3 CANADA 165
13.4.3.1 Small-scale grids and demand from remote locations to provide lucrative growth opportunities 165
TABLE 148 CANADA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 166
TABLE 149 CANADA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 166
13.4.4 ARGENTINA 166
13.4.4.1 Rising demand for power generation and desalination applications to boost market 166
TABLE 150 ARGENTINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 167
TABLE 151 ARGENTINA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 167
13.5 MIDDLE EAST & AFRICA 167
13.5.1 RECESSION IMPACT ON MIDDLE EAST & AFRICA MARKET 168
TABLE 152 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY POWER RATING, 2022–2030 (USD MILLION) 168
TABLE 153 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2019–2021 (USD MILLION) 169
TABLE 154 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COOLANT, 2022–2030 (USD MILLION) 169
TABLE 155 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY TYPE, 2019–2021 (USD MILLION) 169
TABLE 156 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY TYPE, 2022–2030 (USD MILLION) 170
TABLE 157 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2019–2021 (USD MILLION) 170
TABLE 158 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY CONNECTIVITY, 2022–2030 (USD MILLION) 170
TABLE 159 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2019–2021 (USD MILLION) 170
TABLE 160 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY DEPLOYMENT, 2022–2030 (USD MILLION) 171
TABLE 161 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2019–2021 (USD MILLION) 171
TABLE 162 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY LOCATION, 2022–2030 (USD MILLION) 171
TABLE 163 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 171
TABLE 164 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 172
TABLE 165 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2019–2021 (USD MILLION) 172
TABLE 166 MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 172
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
TABLE 167 SAUDI ARABIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 174
TABLE 168 SAUDI ARABIA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 174
13.5.1.2 South Africa 175
13.5.1.2.1 Interest in Generation II and III technologies to boost demand for small modular reactors 175
TABLE 169 SOUTH AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 175
TABLE 170 SOUTH AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 175
13.5.2 REST OF MIDDLE EAST & AFRICA 176
TABLE 171 REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2019–2021 (USD MILLION) 176
TABLE 172 REST OF MIDDLE EAST & AFRICA: SMALL MODULAR REACTOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 176
14 COMPETITIVE LANDSCAPE 177
14.1 OVERVIEW 177
FIGURE 47 KEY DEVELOPMENTS IN SMALL MODULAR REACTOR MARKET, 2019 TO 2023 178
14.2 MARKET EVALUATION FRAMEWORK 179
TABLE 173 MARKET EVALUATION FRAMEWORK, 2019–2023 179
14.3 RECENT DEVELOPMENTS 180
14.3.1 DEALS 180
14.3.1.1 Small modular reactor market: Deals, 2019–2023 180
14.3.2 OTHERS 190
14.3.2.1 Small modular reactor market: Others, 2019–2023 190
14.4 COMPANY EVALUATION MATRIX 191
14.4.1 STARS 191
14.4.2 EMERGING LEADERS 191
14.4.3 PERVASIVE PLAYERS 191
14.4.4 PARTICIPANTS 192
FIGURE 48 SMALL MODULAR REACTOR MARKET: COMPANY EVALUATION MATRIX, 2022 192
TABLE 174 COMPANY TYPE FOOTPRINT: SMALL MODULAR REACTOR, 2019–2023 193
TABLE 175 COMPANY APPLICATION FOOTPRINT: SMALL MODULAR REACTOR, 2019–2023 194
TABLE 176 COMPANY REGION FOOTPRINT: SMALL MODULAR REACTOR, 2019-2023 195
15 COMPANY PROFILES 197
15.1 KEY PLAYERS 197
(Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
15.1.1 WESTINGHOUSE ELECTRIC COMPANY LLC 197
TABLE 177 WESTINGHOUSE ELECTRIC COMPANY LLC: BUSINESS OVERVIEW 197
TABLE 178 WESTINGHOUSE ELECTRIC COMPANY LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 179 WESTINGHOUSE ELECTRIC COMPANY LLC: DEALS 199
TABLE 180 WESTINGHOUSE ELECTRIC COMPANY LLC: OTHERS 201
15.1.2 NUSCALE POWER, LLC. 203
TABLE 181 NUSCALE POWER, LLC.: BUSINESS OVERVIEW 203
TABLE 182 NUSCALE POWER, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
TABLE 183 NUSCALE POWER, LLC.: DEALS 204
TABLE 184 NUSCALE POWER, LLC.: OTHERS 208
15.1.3 TERRESTRIAL ENERGY INC. 210
TABLE 185 TERRESTRIAL ENERGY INC.: BUSINESS OVERVIEW 210
TABLE 186 TERRESTRIAL ENERGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 187 TERRESTRIAL ENERGY INC.: DEALS 211
TABLE 188 TERRESTRIAL ENERGY INC.: OTHERS 213
15.1.4 MOLTEX ENERGY 214
TABLE 189 MOLTEX ENERGY: BUSINESS OVERVIEW 214
TABLE 190 MOLTEX ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214
TABLE 191 MOLTEX ENERGY: DEALS 215
15.1.5 GE HITACHI NUCLEAR ENERGY 219
TABLE 192 GE HITACHI NUCLEAR ENERGY: BUSINESS OVERVIEW 219
TABLE 193 GE HITACHI NUCLEAR ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 194 GE HITACHI NUCLEAR ENERGY: DEALS 220
TABLE 195 GE HITACHI NUCLEAR ENERGY: OTHERS 221
15.1.6 X-ENERGY, LLC. 223
TABLE 196 X-ENERGY, LLC.: BUSINESS OVERVIEW 223
TABLE 197 X-ENERGY, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 198 X-ENERGY, LLC.: DEALS 224
15.1.7 HOLTEC INTERNATIONAL 226
TABLE 199 HOLTEC INTERNATIONAL: BUSINESS OVERVIEW 226
TABLE 200 HOLTEC INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 201 HOLTEC INTERNATIONAL: DEALS 227
15.1.8 GENERAL ATOMICS 229
TABLE 202 GENERAL ATOMICS: BUSINESS OVERVIEW 229
TABLE 203 GENERAL ATOMICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 204 GENERAL ATOMICS: DEALS 230
15.1.9 ARC CLEAN ENERGY, INC. 232
TABLE 205 ARC CLEAN ENERGY, INC.: BUSINESS OVERVIEW 232
TABLE 206 ARC CLEAN ENERGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
TABLE 207 ARC CLEAN ENERGY, INC.: DEALS 233
TABLE 208 ARC CLEAN ENERGY, INC.: OTHERS 235
15.1.10 LEADCOLD REACTORS 236
TABLE 209 LEADCOLD REACTORS: BUSINESS OVERVIEW 236
TABLE 210 LEADCOLD REACTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 211 LEADCOLD REACTORS: DEALS 237
15.1.11 ROLLS-ROYCE PLC 238
TABLE 212 ROLLS-ROYCE PLC: BUSINESS OVERVIEW 238
FIGURE 49 ROLLS-ROYCE PLC: COMPANY SNAPSHOT 239
TABLE 213 ROLLS-ROYCE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 214 ROLLS-ROYCE PLC: DEALS 240
15.1.12 ULTRA SAFE NUCLEAR 242
TABLE 215 ULTRA SAFE NUCLEAR: BUSINESS OVERVIEW 242
TABLE 216 ULTRA SAFE NUCLEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 217 ULTRA SAFE NUCLEAR: DEALS 243
TABLE 218 ULTRA SAFE NUCLEAR: OTHERS 245
15.1.13 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION 246
TABLE 219 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: BUSINESS OVERVIEW 246
TABLE 220 TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
15.1.14 TOKAMAK ENERGY LTD. 248
TABLE 221 TOKAMAK ENERGY LTD.: BUSINESS OVERVIEW 248
TABLE 222 TOKAMAK ENERGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 223 TOKAMAK ENERGY LTD.: DEALS 249
15.1.15 SNC-LAVALIN GROUP 251
TABLE 224 SNC-LAVALIN GROUP: BUSINESS OVERVIEW 251
FIGURE 50 SNC-LAVALIN GROUP: COMPANY SNAPSHOT 252
TABLE 225 SNC-LAVALIN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 226 SNC-LAVALIN GROUP: DEALS 253
15.2 OTHER PLAYERS 254
15.2.1 AFRIKANTOV OKB MECHANICAL ENGINEERING 254
15.2.2 CHINA NATIONAL NUCLEAR CORPORATION 255
15.2.3 FRAMATOME 255
15.2.4 U-BATTERY 256
15.2.5 SEABORG TECHNOLOGIES 256
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
16 APPENDIX 257
16.1 INSIGHTS FROM INDUSTRY EXPERTS 257
16.2 DISCUSSION GUIDE 258
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 262
16.4 CUSTOMIZATION OPTIONS 264
16.5 RELATED REPORTS 264
16.6 AUTHOR DETAILS 265