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Small and Medium-Sized Reactors - New Build Market, Policy Analysis, Competitive Landscape and Key Country Analysis to 2025

Small and Medium-Sized Reactors - New Build Market, Policy Analysis, Competitive Landscape and Key Country Analysis to 2025

Table of Contents

Market Study
Published: October 2013
Pages: 208
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 3125.00  Buy Now!
Research from: GlobalData
Sector: Nuclear

Small and Medium-Sized Reactors - New Build Market, Policy Analysis, Competitive Landscape and Key Country Analysis to 2025

Summary

"Small and Medium-Sized Reactors - New Build Market, Policy Analysis, Competitive Landscape and Key Country Analysis to 2025", is the latest report from GlobalData. The report covers the development of Small and Medium sized Reactors (SMRs) in the global nuclear power industry, including growth trajectory and plans for new build. The report provides comprehensive information on the size of the markets for nuclear new build. Apart from demand, the cost of reactors planned to begin operation across the world are also estimated in the report.

The growing demand for electricity across the globe and the need for the development and use of safe, reliable and economical sources of energy are encouraging a number of countries to build new nuclear reactors. However, countries with distributed demand for power are increasingly looking into the construction of multiple smaller or medium sized reactors, instead of installing one large reactor. There are currently around 117 Small and Medium-sized Reactor (SMR) units currently under operation worldwide, while around 72 SMR units are expected to come online in the near future. More than 45 countries across different regions of the world are considering introducing nuclear power generation as part of their energy mix, and many of these countries are looking to install SMRs to this end. The nuclear power programs of these countries will open up numerous opportunities for various players involved in the SMR new-build nuclear market, creating future market potential.

Scope

- Analysis of the growth of SMRs in the global nuclear industry and the plans for building SMRs in various countries across the globe.
- Analysis of trends in the global nuclear power sector and opportunities in new build SMR market from 2006 to 2012 and forecast for 13 years up to 2025.
- In-depth analysis and forecasts including the size of the nuclear new build SMR market and the growth potential of the market up until 2025.
- Qualitative analysis of market drivers and restraints.
- Qualitative analysis of key regulations impacting the nuclear power industry.
- Analysis of key market players in the industry.

Reasons to buy

- Gain up to date information and analysis relating to potential opportunities in the global SMR new build market
- Identify key regions representing potential growth opportunities for SMR new build
- Gain information regarding the major players involved in the manufacture and supply of SMR technology
- Understand potential market opportunities in various geographies and fine tune your business strategy in target locations
- Identify the various SMR technologies being developed across the globe Asia-Pacific is Largest Market for Small and Medium-Sized Reactors

A number of countries across the world have formulated ambitious plans for the development of nuclear power. Countries such as China and India are leading the way in terms of new-build small and medium-sized nuclear projects. The key drivers for the use of nuclear energy worldwide are burgeoning power demand, increasing fossil fuel prices, the need to mitigate greenhouse gas emissions, and the low cost of electricity generation from nuclear sources.

The Asia-Pacific region, which is registering burgeoning power demand and rising carbon emissions, is expected to install the largest number of Small and Medium-sized Reactors (SMRs) in the near future. A total of 54 SMRs are scheduled for installation in the Asia-Pacific region, followed by nine in Europe, seven in North America, and two in the Middle East and Africa. China and India, the two main countries responsible for driving demand in the region, account for a combined share of more than 90% of the 54 SMRs that are scheduled to come online in the near future.

The US: Most Suitable Nation for Construction of Small and Medium-sized Reactors

Among the leading 10 countries identified as representing the best conditions for the construction of SMRs, the US has emerged as the most suitable country. These 10 countries have been short listed on the basis of various parameters, such as economic growth rate, population density, energy consumption, electricity imports, carbon emissions, and experience with SMR technologies. Low population density and rising energy consumption are some of the key aspects driving the use of SMRs around the world.

Brazil, China, Russia, Canada, India, Sweden, Finland, Kazakhstan and South Africa have also been identified as representing good prospects for the development of SMRs.

Pressurized Heavy Water Reactor is Most Preferred Technology among Small and Medium-sized Reactors

Among the SMRs planned to come online, the majority are expected to be Pressurized Heavy Water Reactors (PHWRs) rather than the operating SMR technologies currently used, which are predominantly Pressurized Water Reactors (PWRs).

Among the reactors planned, 42% are expected to be PHWRs, 23% are expected to be PWRs, 13% are expected to be High Temperature Gas-cooled Reactors (HTGRs), 7% are expected to be Fast Breeder Reactors (FBRs), 2% are expected to be Boiling Water Reactors (BWRs), and the remaining 13% will be contributed by other reactor types.

The currently operating SMR market capacity is dominated by PWRs, which account for a 47% share, followed by PHWRs with 20%, Gas Cooled Reactors (GCRs) with 17%, and BWRs with 15%. The remaining 1% is accounted for by other reactor types.

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