“The Small Modular Nuclear Reactor market is estimated at 888MW of capacity in 2020” says new Visiongain report

09 February 2020
Energy

Visiongain has launched a new energy report Small Modular Nuclear Reactor Market Report 2020-2030: Energy Produced and Capacity Forecasts by Nuclear Reactor Type (Pressurised Water Reactor (PWR), Pressurised Heavy Water Reactor (PHWR), High Temperature Reactor (HTR) and Others) Plus Leading Company Analysis and Leading National Market Analysis.

A typical nuclear power plant has an average life of 30-35 years and is licensed to operate up to 35 years. If licenses are not renewed, the nuclear plant will go through a decommissioning process which involves the disposal of radioactive wastes and dismantling of nuclear reactors. Nuclear power plant decommissioning has become a profitable business, and a majority of companies have started offering nuclear-decommissioning services. High capital costs associated with the development of traditional nuclear plants is a potential driver for small modular reactors.

Small modular nuclear reactors are one of the potential sources of CO2-free district heat production. In the last few years, small modular reactor (SMR) projects have been making substantial progress, with two reactors currently under construction: the CAREM-25 (a prototype) in Argentina and the KLT-40S in the Russian Federation. Interest in SMRs is being driven by a desire to reduce the total capital costs of nuclear power plants and to provide power to small grid systems, leading to more designs reaching advanced stages of development. The increasing energy demand globally, and especially in India and China, is also another parameter that boosts the market’s development and can augment its share in the global power generation mix.

The Visiongain report analyst commented "Small Modular Nuclear Reactor (SMR) market is expected to witness a high growth on owing to low investments costs when compared to traditional nuclear power plants. SMR’s are low-mid capital-intensive nuclear power plants, and hence, numerous companies are offering equipment and solutions related to the development/deployment of SMRs. From the second half of the current decade and beyond, new countries are anticipated to enter the market and complete their Small Modular Nuclear Reactor facilities."

Leading companies featured in the report who are developing small modular nuclear reactors include: Bechtel Corporation, Holtec International, General Electric Hitachi Nuclear Energy, Mitsubishi Heavy Industries Ltd, Toshiba International Corporation, General Atomics, Nuclear Power Corporation of India Limited (NPCIL), Rolls Royce Plc, Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. (SNERDI), China National Nuclear Corporation (CNNC) and Afrikantov OKBM.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Dynamic Export Cable Market Report 2021-2031

The pace of progress and development of the global supply chain is likely to be strongly influenced in the near term by the growth in turbine generating capacity, rising toward 15 MW.

19 February 2021

Read

Visiongain Publishes Static Compensator Market Report 2021-2031

In recent years, battery energy storage (BES) techniques are fast developing due to the advancement of power electronics and battery technology. This leads to their increasing applications in power systems for different objectives.

17 February 2021

Read

Visiongain Publishes Molten Salt Reactors Market Report 2021-2031

The aim of this report is to provide detailed market, technology and industry analyses to help readers quantify and qualify the market for molten salt reactors technologies used in to generate electricity. Special emphasis is given to ongoing research into improved efficiencies of molten salt reactors.

16 February 2021

Read

Visiongain Publishes Canadian Oil & Gas Market Report 2021-2035

Large proven oil & gas reserves of Canada coupled with growing investments in the building the country’s oil & gas infrastructure is expected to augment the demand for Canadian oil & gas. Favourable government policies and high demand for LNG from countries other than the U.S. is also anticipated to drive demand over the forecast period.

28 January 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever