Global Small Modular Reactor Market Report – Key Players, Growth Rate, Demands, Reactor, Connectivity, Geography and Forecast to 2026

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Inclusions And Exclusions
1.3.1 Small Modular Reactor Market: Inclusions And Exclusions
1.4 Market Scope
1.4.1 Small Modular Reactor Market: Segmentation
1.4.2 Geographic Scope
1.5 Years Considered
1.6 Currency
1.7 Limitations
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 1 Small Modular Reactor Market: Research Design
2.2 Market Breakdown And Data Triangulation
Figure 2 Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
Figure 3 Key Industry Insights
2.2.2.2 Breakdown Of Primaries
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.3 Scope
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand-Side Analysis
Figure 7 Main Metrics Considered For Analyzing And Assessing Demand For Small Modular Reactors
2.4.3.1 Demand-Side Calculations
2.4.3.2 Assumptions For Demand-Side Analysis
2.4.4 Forecast

3 Executive Summary
Table 1 Small Modular Reactor Market Snapshot
Figure 8 Asia Pacific Dominated Market In 2020
Figure 9 Light-Water Reactor Segment To Account For Largest Share Of Market, By Reactor Type, From 2021 To 2026
Figure 10 Off-Grid Segment To Lead Market During Forecast Period
Figure 11 Multi-Module Segment To Continue To Hold Larger Share Of Market, By Deployment, During Forecast Period
Figure 12 Land Segment To Account For Larger Share Of Market, By Location, During 2021–2026
Figure 13 Power Generation Segment To Account For Largest Share Of Market, By Application, From 2021 To 2026

4 Premium Insights
4.1 Attractive Opportunities In Small Modular Reactor Market
Figure 14 Low Cost Of Smrs Due To Modularization And Factory Construction Is Expected To Drive Market During 2021–2026
4.2 Small Modular Reactor Market, By Region
Figure 15 Small Modular Reactor Market In Asia Pacific To Grow At Highest Cagr During Forecast Period
4.3 Small Modular Reactor Market In Asia Pacific, By Application And Country
Figure 16 Power Generation Segment And China Held Largest Share Of Market In Asia Pacific In 2020
4.4 Small Modular Reactor Market, By Reactor Type
Figure 17 Light-Water Reactor Segment To Account For Highest Market Share, By Reactor Type, In 2026
4.5 Small Modular Reactor Market, By Connectivity
Figure 18 Off-Grid Segment To Dominate Market, By Connectivity, In 2026
4.6 Small Modular Reactor Market, By Deployment
Figure 19 Multi-Module Power Plant Segment To Dominate Market, By Deployment, In 2026
4.7 Small Modular Reactor Market, By Location
Figure 20 Land Segment Is Expected To Dominate Market, By Location, 2026
4.8 Small Modular Reactor Market, By Application
Figure 21 Power Generation Segment To Dominate Market, By Application, In 2026

5 Market Overview
5.1 Introduction
5.2 Covid-19 Health Assessment
Figure 22 Covid-19 Global Propagation
Figure 23 Covid-19 Propagation In Selected Countries
5.3 Road To Recovery
Figure 24 Recovery Road For 2020 And 2021
5.4 Covid-19 Economic Assessment
Figure 25 Revised Gdp For Selected G20 Countries In 2020
5.5 Market Dynamics
Figure 26 Small Modular Reactor Market: Drivers, Restraints, Opportunities, And Challenges
5.5.1 Drivers
5.5.1.1 Reliability And Flexibility Of Nuclear Power
Figure 27 Global Low-Carbon Energy Generation, By Source, 2010–2020
5.5.1.2 Low Cost Of Smrs Due To Modularization And Factory Construction
5.5.2 Restraints
5.5.2.1 Nuclear Regulatory Requirements For Deployment Of Smrs
5.5.3 Opportunities
5.5.3.1 Decarbonization Of Energy Sector To Meet Net Zero Goals
5.5.3.2 Facilitating Access To Nuclear Energy Across Diverse Applications
5.5.3.3 Integration Of Small Modular Reactors With Renewable Energy
Figure 28 Daily Cycles Of Wind, Solar, And Nuclear Energy
5.5.4 Challenges
5.5.4.1 Harmonizing Different Licensing Approaches
5.5.4.2 Public Attitude Towards Nuclear Power And Deployment Of Small Modular Reactors
5.5.4.3 Impact Of Covid-19 On Development Of Small Modular Reactors
5.6 Trends/Disruptions Impacting Customer’s Business
5.6.1 Revenue Shift And New Revenue Pockets For Small Modular Reactor Manufacturers
Figure 29 Revenue Shift For Small Modular Reactor Market
5.7 Market Map
Figure 30 Market Map For Small Modular Reactors
5.8 Supply Chain Analysis
Figure 31 Small Modular Reactor Market: Supply Chain Analysis
5.8.1 Component Manufacturers
5.8.2 Small Modular Reactor Manufacturers
5.8.3 Small Modular Reactor Support Services Providers/ Integrators
5.8.4 End Users
5.9 Design Phases For Small Modular Reactors
5.9.1 Conceptual Design
5.9.2 Plant-Level Engineering Design
5.9.3 System-Level Engineering Design
5.9.4 Component-Level Engineering Design
5.10 Technology Analysis
5.10.1 Different Technologies Incorporated In Small Modular Reactors
5.11 Small Modular Reactors Market: Codes And Regulations
Table 2 Small Modular Reactor Market: Codes And Regulations
5.12 Innovations And Patent Registrations
Table 3 Innovations And Patent Registrations Relating To Small Modular Reactors, November 2016–March 2021
5.13 Porter’s Five Forces Analysis
Figure 32 Porter’s Five Forces Analysis For Market
Table 4 Small Modular Reactor Market: Porter’s Five Forces Analysis
5.13.1 Threat Of Substitutes
5.13.2 Bargaining Power Of Suppliers
5.13.3 Bargaining Power Of Buyers
5.13.4 Threat Of New Entrants
5.13.5 Intensity Of Competitive Rivalry

6 Small Modular Reactor Market, By Reactor Type
6.1 Introduction
Figure 33 Small Modular Reactor Market Share, By Reactor Type, 2020 (%)
Table 5 Small Modular Reactor Market, By Reactor Type, 2019–2026 (Usd Million)
6.2 Light-Water Reactor
6.2.1 High Degree Of Technological Readiness Of Light-Water Small Modular Reactors Is Expected To Boost Growth
Table 6 Light-Water Reactor Market, By Region, 2019–2026 (Usd Million)
Table 7 Light-Water Reactor Market, By Subtype, 2019–2026 (Usd Million)
6.2.2 Pressurized-Water Reactor
Table 8 Pressurized-Water Reactor Market, By Region, 2019–2026 (Usd Million)
6.2.3 Boiling-Water Reactor
Table 9 Boiling-Water Reactor Market, By Region, 2019–2026 (Usd Million)
6.3 Heavy-Water Reactor
6.3.1 Use Of Natural Uranium And Low Enriched Uranium Fuel In Heavy-Water Reactors To Support Growth
Table 10 Heavy-Water Reactor Market, By Region, 2019–2026 (Usd Million)
6.4 High-Temperature Reactor
6.4.1 Potential Of Serving Varied High-Temperature Industrial Applications To Enhance Demand For High-Temperature Reactors
Table 11 High-Temperature Reactor Market, By Region, 2019–2026 (Usd Million)
6.5 Fast-Neutron Reactor
6.5.1 Reduction In Nuclear Waste Production To Boost Demand For Fast-Neutron Reactors
Table 12 Fast-Neutron Reactor Market, By Region, 2019–2026 (Usd Million)
6.6 Molten Salt Reactor
6.6.1 Potential Deployment In Countries With Large Amounts Of Spent Nuclear Fuel To Increase Demand For Molten Salt Reactors
Table 13 Molten Salt Reactor Market, By Region, 2019–2026 (Usd Million)

7 Small Modular Reactor Market, By Connectivity
7.1 Introduction
Figure 34 Small Modular Reactor Market Share, By Connectivity, 2020 (%)
Table 14 Small Modular Reactor Market, By Connectivity, 2019–2026 (Usd Million)
7.2 Off-Grid
7.2.1 Requirement Of Clean, Flexible, And Reliable Power Generation And Diverse Applications Of Small Modular Reactors Are Expected To Drive Off-Grid Segment
Table 15 Off-Grid Small Modular Reactor Market, By Region, 2019–2026 (Usd Million)
7.3 Grid-Connected
7.3.1 Integration Of Renewables Is Expected To Enhance Growth Of Grid-Connected Segment
Table 16 Grid-Connected Small Modular Reactor Market, By Region, 2019–2026 (Usd Million)

8 Small Modular Reactor Market, By Deployment
8.1 Introduction
Figure 35 Small Modular Reactor Market Share, By Deployment, 2020 (%)
Table 17 Small Modular Reactor Market, By Deployment, 2019–2026 (Usd Million)
8.2 Multi-Module Power Plant
8.2.1 Ease Of Financing Additional Units Of Multi Multi-Module Power Plants Is Expected To Drive Growth
Table 18 Multi-Module Market, By Region, 2019–2026 (Usd Million)
8.3 Single-Module Power Plant
8.3.1 Siting Flexibility Of Single-Module Power Plants Is Expected To Boost Demand For This Segment
Table 19 Single-Module Market, By Region, 2019–2026 (Usd Million)

9 Small Modular Reactor Market, By Location
9.1 Introduction
Figure 36 Small Modular Reactor Market Share, By Location, 2020 (%)
Table 20 Small Modular Reactor Market, By Location, 2019–2026 (Usd Million)
9.2 Land
9.2.1 Higher Thermal Efficiency And Ease Of Licensing Are Expected To Drive Land Segment
Table 21 Land Market, By Region, 2019–2026 (Usd Million)
9.3 Marine
9.3.1 Deployment In Islands, Remote, And Coastal Regions Is Expected To Boost Market Growth
Table 22 Marine Market, By Region, 2019–2026 (Usd Million)

10 Small Modular Reactor Market, By Application
10.1 Introduction
Figure 37 Small Modular Reactor Market Share, By Application, 2020 (%)
Table 23 Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
10.2 Power Generation
10.2.1 Ease Of Siting And Operating Flexibility Drives Demand For Small Modular Reactors In Power Generation Application
Table 24 Small Modular Reactor Market For Power Generation, By Region, 2019–2026 (Usd Million)
10.3 Desalination
10.3.1 Increasing Demand For Potable Water In Arid And Semi-Arid Zones Drives Growth Of This Segment
Table 25 Small Modular Reactor Market For Desalination, By Region, 2019–2026 (Usd Million)
10.4 Process Heat
10.4.1 Increased Thermal Efficiencies Of Co-Generation Drive Growth Of This Segment
Table 26 Small Modular Reactor Market For Process Heat, By Region, 2019–2026 (Usd Million)
10.5 Industrial
10.5.1 Anticipated Deployment Of Smrs In Diverse Industrial Applications Would Drive Growth Of This Segment
Table 27 Small Modular Reactor Market For Industrial, By Region, 2019–2026 (Usd Million)
10.6 Hydrogen Production
10.6.1 Ability To Maximize Load Factors And Increase Efficiency Of Power Plants Enhance Growth Of Hydrogen Production Segment
Table 28 Small Modular Reactor Market For Hydrogen Production, By Region, 2019–2026 (Usd Million)

11 Geographic Analysis
11.1 Introduction
Figure 38 Small Modular Reactor Market In Asia Pacific To Register Highest Cagr From 2021 To 2026
Figure 39 Small Modular Reactor Market Share, By Region, 2020 (%)
Table 29 Small Modular Reactor Market, By Region, 2019–2026 (Usd Million)
11.2 Asia Pacific
Figure 40 Snapshot Of Asia Pacific Market In 2020
Table 30 Asia Pacific Market, By Reactor Type, 2019–2026 (Usd Million)
Table 31 Asia Pacific Light-Water Market, By Subtype, 2019–2026 (Usd Million)
Table 32 Asia Pacific Market, By Connectivity, 2019–2026 (Usd Million)
Table 33 Asia Pacific Market, By Deployment, 2019–2026 (Usd Million)
Table 34 Asia Pacific Market, By Location, 2019–2026 (Usd Million)
Table 35 Asia Pacific Market, By Application, 2019–2026 (Usd Million)
Table 36 Asia Pacific Market, By Country, 2019–2026 (Usd Million)
11.2.1 China
11.2.1.1 Rise In Deployment Of Smrs In Coastal, Island, And Offshore Areas To Fuel Growth Of Chinese Small Modular Reactor Market
Table 37 Some Small Modular Reactor Projects In China
Table 38 China Market, By Application, 2019–2026 (Usd Million)
11.2.2 Japan
11.2.2.1 Potential Integration With Variable Renewable Energy And Increasing Private Sector Investments To Create Growth Opportunities For Small Modular Reactor Market
Table 39 Some Small Modular Reactor Projects In Japan
Table 40 Japan Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.2.3 India
11.2.3.1 Development Of Molten Salt-, High-Temperature-, And Heavy-Water-Based Smrs To Boost Growth Of Indian Market During Forecast Period
Table 41 India Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.2.4 South Korea
11.2.4.1 Interest In Marine Small Modular Reactors For Floating Power Plants To Fuel Market Growth
Table 42 South Korea Market, By Application, 2019–2026 (Usd Million)
11.2.5 Rest Of Asia Pacific
Table 43 Small Modular Reactor Market In Rest Of Asia Pacific, By Application, 2019–2026 (Usd Million)
11.3 Europe
Figure 41 Snapshot Of European Market, 2020
Table 44 Europe Small Modular Reactor Market, By Reactor Type, 2019–2026 (Usd Million)
Table 45 Europe Light-Water Market, By Subtype, 2019–2026 (Usd Million)
Table 46 Europe Small Modular Reactor Market, By Connectivity, 2019–2026 (Usd Million)
Table 47 Europe Market, By Deployment, 2019–2026 (Usd Million)
Table 48 Europe Market, By Location, 2019–2026 (Usd Million)
Table 49 Europe Market, By Application, 2019–2026 (Usd Million)
Table 50 Europe Market, By Country, 2019–2026 (Usd Million)
11.3.1 Russia
11.3.1.1 Potential Deployment Of Smrs For Power Generation In Remote Areas Of Russian Far East Region To Drive Market Growth
Table 51 Some Small Modular Reactor Projects In Russia
Table 52 Russia Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.3.2 Uk
11.3.2.1 Increasing Government Initiatives And Investments Are Expected To Fuel Growth Of Small Modular Reactor Market In Uk During Forecast Period
Table 53 Some Small Modular Reactor Projects In Uk
Table 54 Uk Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.3.3 France
11.3.3.1 Vast Experience In Nuclear Energy Development Would Support Development Of Small Modular Reactors
Table 55 France Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.3.4 Rest Of Europe
Table 56 Small Modular Reactor Market In Rest Of Europe, By Application, 2019–2026 (Usd Million)
11.4 Americas
Table 57 Americas Small Modular Reactor Market, By Reactor Type, 2019–2026 (Usd Million)
Table 58 Americas Light-Water Reactor Market, By Subtype, 2019–2026 (Usd Million)
Table 59 Americas Market, By Connectivity, 2019–2026 (Usd Million)
Table 60 Americas Market, By Deployment, 2019–2026 (Usd Million)
Table 61 Americas Market, By Location, 2019–2026 (Usd Million)
Table 62 Americas Market, By Application, 2019–2026 (Usd Million)
Table 63 Americas Market, By Country, 2019–2026 (Usd Million)
11.4.1 Us
11.4.1.1 Increasing Government Initiatives And Private Investments For Smrs To Drive Growth Of Small Modular Reactor Market In Us
Table 64 Some Small Modular Reactor Projects In Us
Table 65 Us Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
11.4.2 Canada
11.4.2.1 Potential Deployment Of Smrs In Remote Locations And Small-Scale Grids To Drive The Canadian Market
Table 66 Some Small Modular Reactor Projects In Canada
Table 67 Canada Market, By Application, 2019–2026 (Usd Million)
11.4.3 Argentina
11.4.3.1 Potential Applications For Power Generation And Desalination Enhance Growth Of Argentinian Small Modular Reactor Market
Table 68 Argentina Market, By Application, 2019–2026 (Usd Million)
11.5 Middle East & Africa
Table 69 Middle East & Africa Market, By Reactor Type, 2019–2026 (Usd Million)
Table 70 Middle East & Africa Light-Water Market, By Subtype, 2019–2026 (Usd Million)
Table 71 Middle East & Africa Market, By Connectivity, 2019–2026 (Usd Million)
Table 72 Middle East & Africa Market, By Deployment, 2019–2026 (Usd Million)
Table 73 Middle East & Africa Market, By Location, 2019–2026 (Usd Million)
Table 74 Middle East & Africa Small Modular Reactor Market, By Application, 2019–2026 (Usd Million)
Table 75 Middle East & Africa Small Modular Reactor Market, By Country, 2019–2026 (Usd Million)
11.5.1 Saudi Arabia
11.5.1.1 Need To Reduce Dependency On Fossil Fuels For Power Generation And Desalination Is Expected To Drive Growth Of Small Modular Reactor Market
Table 76 Saudi Arabia Market, By Application, 2019–2026 (Usd Million)
11.5.2 South Africa
11.5.2.1 Interest In Generation Ii And Iii Technologies To Boost Demand For Small Modular Reactors
Table 77 South Africa Market, By Application, 2019–2026 (Usd Million)
11.5.3 Rest Of Middle East & Africa
Table 78 Small Modular Reactor Market In Rest Of Middle & Africa, By Application, 2019–2026 (Usd Million)

12 Competitive Landscape
12.1 Key Players Strategies/Right To Win
Table 79 Overview Of Key Strategies Of Top Small Modular Reactor Players
12.2 Top Five Players In Small Modular Reactor Market
Table 80 Small Modular Reactor Market: Top Five Players
12.3 Market Evaluation Framework
Table 81 Market Evaluation Framework
12.4 Company Evaluation Quadrant
12.4.1 Star
12.4.2 Pervasive
12.4.3 Emerging Leader
12.4.4 Participant
Figure 42 Competitive Leadership Mapping: Small Modular Reactor Market, 2020
Table 82 Reactor Type Footprint Of Companies
Table 83 Application Footprint Of Companies
Table 84 Regional Footprint Of Companies
Table 85 Overall Footprint Of Companies
12.5 Competitive Scenario
Table 86 Small Modular Reactor Market: Deals, October 2020 –July 2021
Table 87 Small Modular Reactor Market: Others, May 2017–February 2021

13 Company Profiles
(Business Overview, Products/Services Offered, Recent Developments, Mnm View)*
13.1 Key Players
13.1.1 Westinghouse Electric
Table 88 Westinghouse Electric: Business Overview
Table 89 Westinghouse Electric: Products/Services Offered
13.1.2 Nuscale Power
Table 90 Nuscale Power: Business Overview
Table 91 Nuscale Power: Products/Services Offered
Table 92 Deals: Nuscale Power:
Table 93 Nuscale Power: Others
13.1.3 Terrestrial Energy
Table 94 Terrestrial Energy: Business Overview
Table 95 Terrestrial Energy: Products/Services Offered
Table 96 Terrestrial Energy: Deals
Table 97 Terrestrial Energy: Others
13.1.4 Moltex Energy
Table 98 Moltex Energy: Business Overview
Table 99 Moltex Energy: Products/Services Offered
Table 100 Moltex Energy: Deals
13.1.5 General Electric-Hitachi Nuclear Energy
Table 101 General Electric-Hitachi Nuclear Energy: Business Overview
Table 102 General Electric-Hitachi Nuclear Energy: Products/Services Offered
Table 103 General Electric-Hitachi Nuclear Energy: Deals
Table 104 General Electric-Hitachi Nuclear Energy: Others
13.1.6 X-Energy
Table 105 X-Energy: Business Overview
Table 106 X-Energy: Products/Services Offered
Table 107 X-Energy: Deals
13.1.7 Holtec International
Table 108 Holtec International: Business Overview
Table 109 Holtec International: Products/Services Offered
Table 110 Holtec International: Deals
13.1.8 General Atomics
Table 111 General Atomics: Business Overview
Table 112 General Atomics: Products/Services Offered
Table 113 General Atomics: Deals
13.1.9 Arc Clean Energy
Table 114 Arc Clean Energy: Business Overview
Table 115 Arc Clean Energy: Products/Services Offered
Table 116 Arc Clean Energy: Deals
Table 117 Arc Clean Energy: Others
13.1.10 Leadcold Reactors
Table 118 Leadcold Reactors: Business Overview
Table 119 Leadcold Reactors: Products/Services Offered
Table 120 Leadcold Reactors: Deals
13.1.11 Rolls-Royce
Table 121 Rolls-Royce: Business Overview
Figure 43 Rolls-Royce: Company Snapshot
Table 122 Rolls-Royce: Products/Services Offered
Table 123 Rolls-Royce: Deals
13.1.12 Ultra Safe Nuclear
Table 124 Ultra Safe Nuclear: Business Overview
Table 125 Ultra Safe Nuclear: Products/Services Offered
Table 126 Ultra Safe Nuclear: Deals
Table 127 Ultra Safe Nuclear: Others
13.1.13 Toshiba Energy Systems & Solutions
Table 128 Toshiba Energy Systems & Solutions: Business Overview
Table 129 Toshiba Energy Systems & Solutions: Products/Services Offered
13.1.14 Tokamak Energy
Table 130 Tokamak Energy: Business Overview
Table 131 Tokamak Energy: Products/Services Offered
Table 132 Tokamak Energy: Deals
13.1.15 Snc-Lavalin Group
Table 133 Snc-Lavalin Group: Business Overview
Figure 44 Snc-Lavalin Group: Company Snapshot
Table 134 Snc-Lavalin Group: Products/Services Offered
Table 135 Snc-Lavalin Group: Deals
13.2 Other Players
13.2.1 Afrikantov Okb Mechanical Engineering
13.2.2 China National Nuclear Corporation (Cnnc)
13.2.3 Framatome
13.2.4 U-Battery
13.2.5 Oklo
*Details On Business Overview, Products/Services Offered, Recent Developments, Mnm View Might Not Be Captured In Case Of Unlisted Companies.

14 Appendix
14.1 Insights Of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details