The global Small Modular Reactor (SMR) Market is forecasted to be worth USD 10.42 Billion by 2027, according to a new report by Emergen Research. The growing interest in a small modular reactor is fueled by the need to reduce the impact of capital cost and provide power separate from a large power grid. There is a growing demand for smaller and simpler units for the generation of energy from nuclear power, which is driving the demand for small module reactors.
The report further analyzes the factors and initiatives contributing to the growth of the market. The study suggests that the leading companies are capitalizing on the opportunities emerging in the market and are expected to benefit from the options. The shift in consumer preferences and growing demand will contribute to the growth of the market.
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Small modular reactors provide ample growth opportunities in the coming years. The advanced small modular reactors are under development in various sizes, capabilities, technology options, and deployment. They have a relatively smaller physical footprint and can be sited to different locations. It also provides distinct security and safeguards options, which will drive the demand for the product.
Key market players included in the study are:
Bechtel Corporation, Holtec International, General Electric Hitachi Nuclear Energy, Toshiba International Corporation, Mitsubishi Heavy Industries Ltd., General Atomics, Rolls Royce Plc, Nuclear Power Corporation of India Limited (NPCIL), China National Nuclear Corporation (CNNC), and Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. (SNERDI), among others.
The report analyzes the strategic alliances observed in the market for new products, partnerships, and collaborations between key players. The report investigates key aspects such as financial standing, research and development, product offerings, current deals, investments, and strategic alliances such as mergers and acquisitions, joint ventures, product launches, brand promotions, and corporate deals, among others.
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North America held a significant share of 30.8% in 2019. The bulk of the demand is from the United States. The country is taking a keen interest in developing the nuclear industry, and major focus has been on the development of SMR to replace coal-fired power plants. The implementation of strict regulations to safeguard against air pollution is driving the demand for SMR in the country.
The complete regional analysis covers:
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Small Modular Reactor Market Segmentation & Impact Analysis
4.1. Small Modular Reactor Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. High capital costs associated with the development of traditional nuclear plants
4.2.2.2. Alternative to coal-fired plants
4.2.2.3. Implementation of stringent regulations
4.2.3. Market restraints analysis
4.2.3.1. Weaker containment systems than current reactors
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Small Modular Reactor Market By Type Insights & Trends Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Pressurized water reactor (PWR)
5.1.2. Pressurized heavy water reactor (PHWR)
5.1.3. High temperature reactor (HTR)
5.1.4. Fast neutron reactor (FNR)
5.1.5. Other (MST, Integral PWR)
Chapter 6. Small Modular Reactor Market By Deployment Insights & Trends Revenue (USD Million)
6.1. Deployment Dynamics & Market Share, 2019 & 2027
6.1.1. Single Module Plant
6.1.2. Multi-Module Plant
Chapter 7. Small Modular Reactor Market By Application Insights & Trends Revenue (USD Million)
7.1. Application Dynamics & Market Share, 2019 & 2027
7.1.1. Power Generation
7.1.2. Desalination
7.1.3. Process Heat
7.1.4. Other Industrial Uses
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