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.
Emergen Research has published a research report on global Small Modular Reactor market covering current market dynamics with market developments from 2019 to 2027. The report offers an in-depth analysis of historical and emerging trends in the market along with emerging trends, revenue growth, market size, drivers, restraints, challenges, limitations and opportunities The main aim of the report is to help the user, reader, investor understand the exact market scenario.
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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.
The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period to help key companies and new entrants capitalize on lucrative opportunities and gain a robust footing in the market.
The report aims to offer the readers a holistic understanding of the relevant features of the industry to help them capitalize on future growth prospects.
Key participants include 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 investigates the key elements and factors that are likely to influence the growth of the industry in the coming years. One such factor considered by the analysts is the currently unfolding COVID-19 pandemic. The report thoroughly analyzes the effects of the pandemic on the workings of the Small Modular Reactor industry by focusing on its impact on each key segment of the industry. It also offers an initial and future impact assessment along with a futuristic outlook in a post-COVID-19 scenario.
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The report further segments the Small Modular Reactor industry into types of products offered by the market and application spectrum. Additionally, it offers an extensive regional analysis of the Small Modular Reactor market with respect to production and consumption ratio, supply and demand, consumer behavior, import/export, market share, and market size, revenue contribution, and the analysis of key players operating in the industry.
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.
Regional analysis covers the following key geographies of the world:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The latest report on the Global Small Modular Reactor Market offers a holistic overview of the growth and other key aspects of the market across various segments and key regions.
- Type Outlook (Revenue, USD Billion; 2017-2027)
- Pressurized water reactor (PWR)
- Pressurized heavy water reactor (PHWR)
- High-temperature reactor (HTR)
- Fast neutron reactor (FNR)
- Other (MST, Integral PWR)
- Deployment Outlook (Revenue, USD Billion; 2017-2027)
- Single Module Plant
- Multi-Module Plant
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Power Generation
- Process Heat
- Other Industrial Uses
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
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The report is generated through extensive research and is further evaluated by experts in the industry and offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
Table Of content:
Chapter 1. Methodology & Sources1.1. Market Definition1.2. Research Scope1.3. Methodology1.4. Research Sources1.4.1. Primary1.4.2. Secondary1.4.3. Paid Sources1.5. Market Estimation TechniqueChapter 2. Executive Summary2.1. Summary Snapshot, 2019-2027Chapter 3. Key InsightsChapter 4. Small Modular Reactor Market Segmentation & Impact Analysis4.1. Small Modular Reactor Market Material Segmentation Analysis4.2. Industrial Outlook4.2.1. Market indicators analysis4.2.2. Market drivers analysis220.127.116.11. High capital costs associated with the development of traditional nuclear plants18.104.22.168. Alternative to coal-fired plants22.214.171.124. Implementation of stringent regulations4.2.3. Market restraints analysis126.96.36.199. Weaker containment systems than current reactors4.3. Technological Insights4.4. Regulatory Framework4.5. Porter's Five Forces Analysis4.6. Competitive Metric Space Analysis4.7. Price trend Analysis4.8. Covid-19 Impact Analysis
Chapter 5. Small Modular Reactor Market By Type Insights & Trends Revenue (USD Million)5.1. Type Dynamics & Market Share, 2019 & 20275.1.1. 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)
Conclusion: The report also provides a comprehensive analysis of the key companies as well as new players emerging in the industry. The report discusses in detail the recent technological trends, business initiatives such as mergers and acquisitions, joint ventures, collaborations, etc., product portfolio and advancements, and different investment strategies adopted by the companies to cater to a global audience and gain a robust footing in the market.
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