Global Small Modular Reactor Market Size study & Forecast, by Coolant Type by Application by End-use by Connectivity by Location by Deployment and Regional Analysis, 2023-2030

Description

List of Tables

Global Small Modular Reactor Market is valued approximately USD 5.7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.3% over the forecast period 2023-2030. A Small Modular Reactor (SMR) is a type of nuclear power plant that is smaller and more flexible compared to traditional large-scale nuclear reactors. It is designed to provide electricity and heat by using nuclear reactions to generate energy. What makes SMRs special is that they are built in smaller pieces or modules, making them easier to manufacture, transport, and assemble. These modular reactors can be used in various locations, such as remote areas, industrial sites, or communities, where they can generate reliable and clean energy to meet the specific needs of those places. Its driving boosting market factors are expansion of nuclear power reactors and growing demand of electricity.

According to the Statista in 2023, there were 436 nuclear reactor operation in 32 countries around the world. The United States has the largest number of nuclear power reactors in operation which are about 93 units. The expansion of nuclear power reactors can drive the growth and adoption of small modular reactors (SMRs) due to their flexibility, cost advantages, enhanced safety features, and potential for meeting specific energy needs. Moreover, decentralized power generation and nuclear waste management will create more opportunities in the market. However, the supply chain & infrastructure, project siting and grid integration stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Small Modular Reactor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The United States has been at the forefront of SMR development and deployment. The U.S. Department of Energy (DOE) has provided substantial support for SMR projects through its funding programs. NuScale Power, an American company, is one of the notable leaders in SMR technology, having received significant funding and making progress towards commercialization.

Major market player included in this report are:

Westinghouse Electric Company LLC
NuScale Power
Terrestrial Energy Inc
Moltex Energy
Hitachi Nuclear Energy
X Energy LLC
General Atomics
ARC Clean Energy
Leadcold Reactors
Toshiba Energy Systems & Solutions Corporation

Recent Developments in the Market:

In May 2023, Nuscale Power Corporation and Nucor Corporation announced the collaboration to investigate co-locating Nusale's VOYGR small modular nuclear reactors provide clean and reliable baseload electricity.
In Jan 2023, Hitachi Nuclear Energy, Ontario Power Generation, SNC_Lavalin, and Aecon inked the deal for the installation of a BWROC 300 Small modular reactor at OPG's Darlington new nuclear project site.

Global Small Modular Reactor Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Heavy Liquid Metal, Type, Application, End-use, Connectivity, Location, Deployment, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Coolant:

Heavy Liquid Metal
Gases
Molten Salt
Water

By Type:

Heavy-water Reactors
Light-water Reactors
Fast-neutron Reactors
Molten Salt Reactors

By Application:

Power Generation
Desalination
Hydrogen Generation
Industrial

By End-use:

Transmission & Distribution Utilities
Power Generation
Industrial
Others

Connectivity:

Grid-connected
Off-grid

Location:

Land
Marine

Deployment:

Single-Module Power Plant
Multi-Module Power Plant

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Small Modular Reactor Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Small Modular Reactor Market, by Coolant, 2020-2030 (USD Billion)
- 1.2.3. Small Modular Reactor Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Small Modular Reactor Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Small Modular Reactor Market, by End-use, 2020-2030 (USD Billion)
- 1.2.6. Small Modular Reactor Market, by Connectivity, 2020-2030 (USD Billion)
- 1.2.7. Small Modular Reactor Market, by Location, 2020-2030 (USD Billion)
- 1.2.8. Small Modular Reactor Market, by Deployment, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Small Modular Reactor Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Small Modular Reactor Market Dynamics

3.1. Small Modular Reactor Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Expansion of Nuclear Power Reactors
  - 3.1.1.2. Growing Demand of Electricity
- 3.1.2. Market Challenges
  - 3.1.2.1. Supply Chain and Infrastructure
  - 3.1.2.2. Project Siting and Grid Integration
- 3.1.3. Market Opportunities
  - 3.1.3.1. Decentralized Power Generation
  - 3.1.3.2. Nuclear Waste Management

Chapter 4. Global Small Modular Reactor Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Small Modular Reactor Market, by Coolant

5.1. Market Snapshot
5.2. Global Small Modular Reactor Market by Coolant, Performance - Potential Analysis
5.3. Global Small Modular Reactor Market Estimates & Forecasts by Coolant 2020-2030 (USD Billion)
5.4. Small Modular Reactor Market, Sub Segment Analysis
- 5.4.1. Heavy Liquid Metal
- 5.4.2. Gases
- 5.4.3. Molten Salt
- 5.4.4. Water

Chapter 6. Global Small Modular Reactor Market, by Type

6.1. Market Snapshot
6.2. Global Small Modular Reactor Market by Type, Performance - Potential Analysis
6.3. Global Small Modular Reactor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Small Modular Reactor Market, Sub Segment Analysis
- 6.4.1. Heavy-water Reactors
- 6.4.2. Light-water Reactors
- 6.4.3. High-temperature Reactors
- 6.4.4. Fast-neutron Reactors
- 6.4.5. Molten Salt Reactors

Chapter 7. Global Small Modular Reactor Market, by Application

7.1. Market Snapshot
7.2. Global Small Modular Reactor Market by Application, Performance - Potential Analysis
7.3. Global Small Modular Reactor Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Small Modular Reactor Market, Sub Segment Analysis
- 7.4.1. Power Generation
- 7.4.2. Desalination
- 7.4.3. Hydrogen Generation
- 7.4.4. Industrial

Chapter 8. Global Small Modular Reactor Market, by End-use

8.1. Market Snapshot
8.2. Global Small Modular Reactor Market by End-use, Performance - Potential Analysis
8.3. Global Small Modular Reactor Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
8.4. Small Modular Reactor Market, Sub Segment Analysis
- 8.4.1. Transmission & Distribution Utilities
- 8.4.2. Power Generation
- 8.4.3. Industrial
- 8.4.4. Others

Chapter 9. Global Small Modular Reactor Market, by Connectivity

9.1. Market Snapshot
9.2. Global Small Modular Reactor Market by Connectivity, Performance - Potential Analysis
9.3. Global Small Modular Reactor Market Estimates & Forecasts by Connectivity 2020-2030 (USD Billion)
9.4. Small Modular Reactor Market, Sub Segment Analysis
- 9.4.1. Grid-Connected
- 9.4.2. Off-Grid

Chapter 10. Global Small Modular Reactor Market, by Location

10.1. Market Snapshot
10.2. Global Small Modular Reactor Market by Location, Performance - Potential Analysis
10.3. Global Small Modular Reactor Market Estimates & Forecasts by Location 2020-2030 (USD Billion)
10.4. Small Modular Reactor Market, Sub Segment Analysis
- 10.4.1. Land
- 10.4.2. Marine

Chapter 11. Global Small Modular Reactor Market, by End-use

11.1. Market Snapshot
11.2. Global Small Modular Reactor Market by End-use, Performance - Potential Analysis
11.3. Global Small Modular Reactor Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
11.4. Small Modular Reactor Market, Sub Segment Analysis
- 11.4.1. Single-Module Power Plant
- 11.4.2. Multi-Module Power Plant

Chapter 12. Global Small Modular Reactor Market, Regional Analysis

12.1. Top Leading Countries
12.2. Top Emerging Countries
12.3. Small Modular Reactor Market, Regional Market Snapshot
12.4. North America Small Modular Reactor Market
- 12.4.1. U.S. Small Modular Reactor Market
  - 12.4.1.1. Coolant breakdown estimates & forecasts, 2020-2030
  - 12.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  - 12.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 12.4.1.4. End-use breakdown estimates & forecasts, 2020-2030
  - 12.4.1.5. Connectivity breakdown estimates & forecasts, 2020-2030
  - 12.4.1.6. Location breakdown estimates & forecasts, 2020-2030
  - 12.4.1.7. Deployment breakdown estimates & forecasts, 2020-2030
- 12.4.2. Canada Small Modular Reactor Market
12.5. Europe Small Modular Reactor Market Snapshot
- 12.5.1. U.K. Small Modular Reactor Market
- 12.5.2. Germany Small Modular Reactor Market
- 12.5.3. France Small Modular Reactor Market
- 12.5.4. Spain Small Modular Reactor Market
- 12.5.5. Italy Small Modular Reactor Market
- 12.5.6. Rest of Europe Small Modular Reactor Market
12.6. Asia-Pacific Small Modular Reactor Market Snapshot
- 12.6.1. China Small Modular Reactor Market
- 12.6.2. India Small Modular Reactor Market
- 12.6.3. Japan Small Modular Reactor Market
- 12.6.4. Australia Small Modular Reactor Market
- 12.6.5. South Korea Small Modular Reactor Market
- 12.6.6. Rest of Asia Pacific Small Modular Reactor Market
12.7. Latin America Small Modular Reactor Market Snapshot
- 12.7.1. Brazil Small Modular Reactor Market
- 12.7.2. Mexico Small Modular Reactor Market
12.8. Middle East & Africa Small Modular Reactor Market
- 12.8.1. Saudi Arabia Small Modular Reactor Market
- 12.8.2. South Africa Small Modular Reactor Market
- 12.8.3. Rest of Middle East & Africa Small Modular Reactor Market

Chapter 13. Competitive Intelligence

13.1. Key Company SWOT Analysis
- 13.1.1. Company 1
- 13.1.2. Company 2
- 13.1.3. Company 3
13.2. Top Market Strategies
13.3. Company Profiles
- 13.3.1. Westinghouse Electric Company LLC
  - 13.3.1.1. Key Information
  - 13.3.1.2. Overview
  - 13.3.1.3. Financial (Subject to Data Availability)
  - 13.3.1.4. Product Summary
  - 13.3.1.5. Recent Developments
- 13.3.2. NuScale Power
- 13.3.3. Terrestrial Energy Inc
- 13.3.4. Moltex Energy
- 13.3.5. Hitachi Nuclear Energy
- 13.3.6. X Energy LLC
- 13.3.7. General Atomics
- 13.3.8. ARC Clean Energy
- 13.3.9. Leadcold Reactors
- 13.3.10. Toshiba Energy Systems & Solutions Corporation

Chapter 14. Research Process

14.1. Research Process
- 14.1.1. Data Mining
- 14.1.2. Analysis
- 14.1.3. Market Estimation
- 14.1.4. Validation
- 14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Small Modular Reactor Market, report scope
TABLE 2. Global Small Modular Reactor Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Small Modular Reactor Market estimates & forecasts by Coolant 2020-2030 (USD Billion)
TABLE 4. Global Small Modular Reactor Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Small Modular Reactor Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Small Modular Reactor Market estimates & forecasts by End-use 2020-2030 (USD Billion)
TABLE 7. Global Small Modular Reactor Market estimates & forecasts by Connectivity 2020-2030 (USD Billion)
TABLE 8. Global Small Modular Reactor Market estimates & forecasts by Location 2020-2030 (USD Billion)
TABLE 9. Global Small Modular Reactor Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 10. Global Small Modular Reactor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Small Modular Reactor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Small Modular Reactor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Small Modular Reactor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Small Modular Reactor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Small Modular Reactor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Small Modular Reactor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Small Modular Reactor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Global Small Modular Reactor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Global Small Modular Reactor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. U.S. Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. U.S. Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. U.S. Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Canada Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. Canada Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Canada Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. UK Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. UK Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. UK Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Germany Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. Germany Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Germany Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. France Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. France Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. France Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Italy Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Italy Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Italy Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. Spain Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. Spain Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. Spain Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. RoE Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. RoE Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. RoE Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. China Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. China Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. China Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. India Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. India Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. India Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Japan Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. Japan Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Japan Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. South Korea Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. South Korea Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. South Korea Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Australia Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. Australia Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Australia Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. RoAPAC Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. RoAPAC Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. RoAPAC Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Brazil Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Brazil Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Brazil Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Mexico Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. Mexico Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Mexico Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoLA Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. RoLA Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoLA Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. Saudi Arabia Small Modular Reactor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 72. South Africa Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 73. RoMEA Small Modular Reactor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 74. List of secondary sources, used in the study of global Small Modular Reactor Market
TABLE 75. List of primary sources, used in the study of global Small Modular Reactor Market
TABLE 76. Years considered for the study
TABLE 77. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Small Modular Reactor Market, research methodology
FIG 2. Global Small Modular Reactor Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Small Modular Reactor Market, key trends 2022
FIG 5. Global Small Modular Reactor Market, growth prospects 2023-2030
FIG 6. Global Small Modular Reactor Market, porters 5 force model
FIG 7. Global Small Modular Reactor Market, pest analysis
FIG 8. Global Small Modular Reactor Market, value chain analysis
FIG 9. Global Small Modular Reactor Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Small Modular Reactor Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Small Modular Reactor Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Small Modular Reactor Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Small Modular Reactor Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Small Modular Reactor Market, regional snapshot 2020 & 2030
FIG 15. North America Small Modular Reactor Market 2020 & 2030 (USD Billion)
FIG 16. Europe Small Modular Reactor Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Small Modular Reactor Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Small Modular Reactor Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Small Modular Reactor Market 2020 & 2030 (USD Billion)