gdne0071mar small and medium-sized reactors sample 1-2,5

REFERENCE CODE GDNE0071MAR | PUBLICATION DATE OCTOBER 2013

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 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.



Executive Summary

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 XX SMRs are scheduled

for installation in the Asia-Pacific region, followed

by XX in Europe, XX in North America, and XX 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 XX% of the XX SMRs that are

scheduled to come online in the near future.

The figure below illustrates the amount of SMR

capacity that is expected to come online in various

regions across the globe in the near future.

Upcoming Small and Medium Reactors, Global, Nuclear Power Capacity (GW), 2013

Asia-Pacific Europe Middle East And Africa North America

Upc

omin

g S

mal

l and

Med

ium

siz

ed

Rea

ctor

cap

acity

(GW

)

Source: GlobalData

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

Among the leading XX countries identified as

representing the best conditions for the

construction of SMRs, the US has emerged as the

most suitable country. These XX 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.




Table of Contents

1 Table of Contents

1 Table of Contents ......................................................................................................................... 5

1.1 List of Tables ........................................................................................................................ 14

1.2 List of Figures ....................................................................................................................... 18

2 Introduction ................................................................................................................................ 20

2.1 Report Guidance .................................................................................................................. 20

3 Small and Medium-sized Reactors, Global, 2006–2025 ............................................................. 22

3.1 Small and Medium-sized Reactors, Global, Nuclear Capacity and Generation ..................... 22

3.2 Small and Medium-sized Reactors, Key Technologies ......................................................... 25

3.2.1 Central Argentina de Elementos Modulares, Argentina ................................................... 25

3.2.2 Fixed Bed Nuclear Reactor, Brazil .................................................................................. 27

3.2.3 Chinese Nuclear Power Unit - 300, China ....................................................................... 28

3.2.4 Integrated Modular Water reactor, Japan ........................................................................ 29

3.2.5 System Integrated Modular Advanced Reactor, South Korea ......................................... 30

3.2.6 Vodyanoy Kipyashchy-300, Russia ................................................................................. 31

3.2.7 Vodyanoi Blochnyi Energetichesky Reactor - 300, Russia .............................................. 32

3.2.8 Water-cooled Water moderated Energy Reactor-300, Russia ......................................... 33

3.2.9 International Reactor Innovative and Secure, International Consortium .......................... 35

3.2.10 mPower, US ................................................................................................................... 36

3.2.11 NuScale, US ................................................................................................................... 38

3.2.12 Westinghouse SMR, US ................................................................................................. 40

3.2.13 Enhanced Canada Deuterium and Uranium 6, Canada .................................................. 41




Table of Contents

3.2.14 Pressurized Heavy Water Reactor - 220, India ............................................................... 42

3.2.15 Advanced Heavy Water Reactor - 300, India .................................................................. 43

3.2.16 High Temperature Reactor – Pebble bed Module, China ................................................ 45

3.2.17 Gas Turbine – Modular Helium Reactor, US ................................................................... 46

3.2.18 Energy Multiplier Module, US.......................................................................................... 47

3.2.19 China Experimental Fast Reactor, China ........................................................................ 48

3.2.20 The Super, Safe, Small and Simple Reactor, Japan ....................................................... 49

3.2.21 Prototype Fast Breeder Reactor, India ............................................................................ 50

3.2.22 Bystryi Reactor so Svintsovym Teplonositelem, Russia .................................................. 51

3.2.23 Svintsovo Vismutny Bystryi Reactor, Russia ................................................................... 52

3.2.24 Power Reactor Inherently Safe Module, US .................................................................... 53

3.3 Small and Medium-sized Reactors, Global, Drivers .............................................................. 54

3.3.1 Increasing Power Demand Pushes Development of Nuclear Power Plants .................... 54

3.3.2 Need to Cut Greenhouse Gas Emissions Drives Nations to Develop Nuclear Power

Plants ............................................................................................................................. 54

3.3.3 Soaring Fossil Fuel Prices Coupled with Scarcity of Energy Sources Attracts Countries to

Nuclear Energy ............................................................................................................... 54

3.3.4 Difficulty of Financing Nuclear Power Projects Could Impede the Development of the

Nuclear Power Industry................................................................................................... 55

3.4 Small and Medium-sized Reactors, Global, Restraints ......................................................... 55

3.4.1 Anti-Nuclear Public Opinion: Driving Countries Away from Nuclear Power ..................... 55

3.4.2 Safety Concerns Regarding Nuclear Reactors Threaten the Endurance of the Industry . 55

3.4.3 Nuclear Waste Disposal Issue is Major Problem for the Nuclear Power Industry ............ 56




Table of Contents

3.5 Small and Medium-sized Reactors, Global, Volume and Value Analysis .............................. 56

4 Small and Medium-sized Reactors, Asia-Pacific, 2006–2025 ..................................................... 58

4.1 Small and Medium-sized Reactors, Asia-Pacific, 2006–2025 ............................................... 58

4.1.1 Small and Medium-sized Reactors, Asia-Pacific, Nuclear Capacity and Generation ....... 58

4.1.2 Small and Medium-sized Reactors, Asia-Pacific, Volume and Value Analysis ................ 61

4.2 Small and Medium-sized Reactors, China, 2006–2025......................................................... 63

4.2.1 Small and Medium-sized Reactors, China, Nuclear Capacity and Generation ................ 63

4.2.2 Small and Medium-sized Reactors, China, Drivers ......................................................... 66

4.2.3 Small and Medium-sized Reactors, China, Restraints .................................................... 67

4.2.4 Small and Medium-sized Reactors, China, Policy Analysis ............................................. 67

4.2.5 Small and Medium-sized Reactors, China, Regulatory Framework ................................. 68

4.2.6 Small and Medium-sized Reactors, China, Key Developments ....................................... 73

4.3 Small and Medium-sized Reactors, India, 2006–2025 .......................................................... 74

4.3.1 Small and Medium-sized Reactors, India, Nuclear Capacity and Generation .................. 74

4.3.2 Small and Medium-sized Reactors, India, Drivers ........................................................... 77

4.3.3 Small and Medium-sized Reactors, India, Restraints ...................................................... 78

4.3.4 Small and Medium-sized Reactors, India, Policy Analysis .............................................. 78

4.3.5 Small and Medium-sized Reactors, India, Regulatory Framework .................................. 79

4.3.6 Small and Medium-sized Reactors, India, Key Developments ........................................ 83

4.4 Small and Medium-sized Reactors, Kazakhstan, 2006–2025 ............................................... 83

4.4.1 Small and Medium-sized Reactors, Kazakhstan, Nuclear Capacity and Generation ....... 83

4.4.2 Small and Medium-sized Reactors, Kazakhstan, Drivers ................................................ 84

4.4.3 Small and Medium-sized Reactors, Kazakhstan, Restraints ........................................... 84




Table of Contents

4.4.4 Small and Medium-sized Reactors, Kazakhstan, Policy Analysis .................................... 85

4.4.5 Small and Medium-sized Reactors, Kazakhstan, Regulatory Framework........................ 85

4.4.6 Small and Medium-sized Reactors, Kazakhstan, Key Developments.............................. 86

5 Small and Medium-sized Reactors, Europe, 2006–2025 ............................................................ 87

5.1 Small and Medium-sized Reactors, Europe, 2006–2025 ...................................................... 87

5.1.1 Small and Medium-sized Reactors, Europe, Nuclear Capacity and Generation .............. 87

5.1.2 Small and Medium-sized Reactors, Europe, Volume and Value Analysis ....................... 90

5.2 Small and Medium-sized Reactors, Russia, 2006–2025 ....................................................... 91

5.2.1 Small and Medium-sized Reactors, Russia, Nuclear Capacity and Generation ............... 91

5.2.2 Small and Medium-sized Reactors, Russia, Drivers ........................................................ 94

5.2.3 Small and Medium-sized Reactors, Russia, Restraints ................................................... 94

5.2.4 Small and Medium-sized Reactors, Russia, Policy Analysis ........................................... 95

5.2.5 Small and Medium-sized Reactors, Russia, Regulatory Framework ............................... 95

5.2.6 Small and Medium-sized Reactors, Russia, Key Developments ..................................... 98

5.3 Small and Medium-sized Reactors, Sweden, 2006–2025 ..................................................... 99

5.3.1 Small and Medium-sized Reactors, Sweden, Nuclear Capacity and Generation ............. 99

5.3.2 Small and Medium-sized Reactors, Sweden, Drivers .................................................... 102

5.3.3 Small and Medium-sized Reactors, Sweden, Restraints ............................................... 102

5.3.4 Small and Medium-sized Reactors, Sweden, Policy Analysis ....................................... 103

5.3.5 Small and Medium-sized Reactors, Sweden, Regulatory Framework ........................... 103

5.4 Small and Medium-sized Reactors, Finland, 2006–2025 .................................................... 105

5.4.1 Small and Medium-sized Reactors, Finland, Nuclear Capacity and Generation ............ 105

5.4.2 Small and Medium-sized Reactors, Finland, Drivers ..................................................... 108




Table of Contents

5.4.3 Small and Medium-sized Reactors, Finland, Policy Analysis......................................... 108

5.4.4 Small and Medium-sized Reactors, Finland, Regulatory Framework ............................ 109

5.4.5 Small and Medium-sized Reactors, Finland, Key Developments .................................. 110

6 Small and Medium-sized Reactors, Middle East and Africa, 2006–2025 .................................. 111

6.1 Small and Medium-sized Reactors, Middle East and Africa, 2006–2025 ............................ 111

6.1.1 Small and Medium-sized Reactors, Middle East and Africa, Nuclear Capacity and

Generation .................................................................................................................... 111

6.1.2 Small and Medium-sized Reactors, Middle East and Africa, Volume and Value Analysis

..................................................................................................................................... 114

6.2 Small and Medium-sized Reactors, South Africa, 2006–2025............................................. 115

6.2.1 Small and Medium-sized Reactors, South Africa, Nuclear Capacity and Generation .... 115

6.2.2 Small and Medium-sized Reactors, South Africa, Drivers ............................................. 118

6.2.3 Small and Medium-sized Reactors, South Africa, Policy Analysis ................................. 119

6.2.4 Small and Medium-sized Reactors, South Africa, Regulatory Framework ..................... 119

6.2.5 Small and Medium-sized Reactors, South Africa, Key Developments ........................... 121

7 Small and Medium-sized Reactors, North America, 2006–2025 ............................................... 122

7.1 Small and Medium-sized Reactors, North America, 2006–2025 ......................................... 122

7.1.1 Small and Medium-sized Reactors, North America, Nuclear Capacity and Generation . 122

7.1.2 Small and Medium-sized Reactors, North America, Volume and Value Analysis .......... 125

7.2 Small and Medium-sized Reactors, Canada, 2006–2025 ................................................... 126

7.2.1 Small and Medium-sized Reactors, Canada, Nuclear Capacity and Generation ........... 126

7.2.2 Small and Medium-sized Reactors, Canada, Drivers .................................................... 129

7.2.3 Small and Medium-sized Reactors, Canada, Restraints ............................................... 130




Table of Contents

7.2.4 Small and Medium-sized Reactors, Canada, Policy Analysis ........................................ 130

7.2.5 Small and Medium-sized Reactors, Canada, Regulatory Framework............................ 131

7.2.6 Small and Medium-sized Reactors, Canada, Key Developments .................................. 134

7.3 Small and Medium-sized Reactors, US, 2006–2025 ........................................................... 135

7.3.1 Small and Medium-sized Reactors, US, Nuclear Capacity and Generation................... 135

7.3.2 Small and Medium-sized Reactors, US, Drivers ........................................................... 139

7.3.3 Small and Medium-sized Reactors, US, Restraints ....................................................... 139

7.3.4 Small and Medium-sized Reactors, US, Policy Analysis ............................................... 140

7.3.5 Small and Medium-sized Reactors, US, Regulatory Framework ................................... 141

7.3.6 Small and Medium-sized Reactors, US, Key Developments ......................................... 144

8 Small and Medium-sized Reactors, South and Central America, 2006–2025 ........................... 152

8.1 Small and Medium-sized Reactors, South and Central America, 2006–2025 ..................... 152

8.1.1 Small and Medium-sized Reactors, South and Central America, Nuclear Capacity and

Generation .................................................................................................................... 152

8.1.2 Small and Medium-sized Reactors, South and Central America, Volume and Value

Analysis ........................................................................................................................ 154

8.2 Small and Medium-sized Reactors, Brazil, 2006–2025 ....................................................... 155

8.2.1 Small and Medium-sized Reactors, Brazil, Nuclear Capacity and Generation ............... 155

8.2.2 Small and Medium-sized Reactors, Brazil, Drivers ........................................................ 158

8.2.3 Small and Medium-sized Reactors, Brazil, Policy Analysis ........................................... 159

8.2.4 Small and Medium-sized Reactors, Brazil, Regulatory Framework ............................... 159

8.2.5 Small and Medium-sized Reactors, Brazil, Key Developments ..................................... 161

9 Small and Medium-sized Reactors, Key Players ...................................................................... 163




Table of Contents

9.1 Atomic Energy of Canada Limited ...................................................................................... 163

9.1.1 Company Overview ...................................................................................................... 163

9.1.2 Business Overview ....................................................................................................... 163

9.1.3 Products and Services .................................................................................................. 164

9.1.4 Locations and Subsidiaries ........................................................................................... 164

9.1.5 SWOT Analysis ............................................................................................................ 166

9.2 Babcock and Wilcox ........................................................................................................... 167





9.2.5 SWOT Analysis ............................................................................................................ 172

9.3 China National Nuclear Corporation ................................................................................... 173




9.4 General Atomics ................................................................................................................. 175



9.5 GE-Hitachi .......................................................................................................................... 176



9.6 Mitsubishi Heavy Industries ................................................................................................ 178




Table of Contents




9.6.4 Location and Subsidiaries ............................................................................................. 180

9.6.5 SWOT Analysis ............................................................................................................ 185

9.7 Nuclear Power Corporation of India Limited........................................................................ 186





9.7.5 SWOT Analysis ............................................................................................................ 190

9.8 Toshiba Corporation ........................................................................................................... 191





9.8.5 SWOT Analysis ............................................................................................................ 200

10 Appendix .................................................................................................................................. 201

10.1 Abbreviations...................................................................................................................... 201

10.2 Bibliography........................................................................................................................ 205

10.3 Methodology ....................................................................................................................... 208

10.3.1 Coverage ...................................................................................................................... 209

10.3.2 Secondary Research .................................................................................................... 209




Table of Contents

10.3.3 Primary Research ......................................................................................................... 209

10.3.4 Modeling and Forecasting ............................................................................................. 210

10.4 Disclaimer .......................................................................................................................... 210




Table of Contents

1.1 List of Tables

Table 1: Nuclear Power Capacity and Generation, Global, Nuclear Power Capacity (GW) and Generation

(TWh), 2000–2025 ......................................................................................................................... 24

Table 2: Nuclear Reactor Characteristics, CAREM ...................................................................................... 26

Table 3: Nuclear Reactor Characteristics, FBNR ......................................................................................... 27

Table 4: Nuclear Reactor Characteristics, CNP-300 ..................................................................................... 28

Table 5: Nuclear Reactor Characteristics, IMR............................................................................................. 29

Table 6: Nuclear Reactor Characteristics, SMART ....................................................................................... 30

Table 7: Nuclear Reactor Characteristics, VK-300 ....................................................................................... 31

Table 8: Nuclear Reactor Characteristics, VBER-300................................................................................... 32

Table 9: Nuclear Reactor Characteristics, WWER-300 ................................................................................. 34

Table 10: Nuclear Reactor Characteristics, IRIS ............................................................................................ 35

Table 11: Nuclear Reactor Characteristics, mPower ...................................................................................... 37

Table 12: Nuclear Reactor Characteristics, NuScale ...................................................................................... 39

Table 13: Nuclear Reactor Characteristics, Westinghouse SMR .................................................................... 40

Table 14: Nuclear Reactor Characteristics, EC6 ............................................................................................ 41

Table 15: Nuclear Reactor Characteristics, PHWR-220 ................................................................................. 42

Table 16: Nuclear Reactor Characteristics, AHWR-300 ................................................................................. 44

Table 17: Nuclear Reactor Characteristics, HTR-PM ..................................................................................... 45

Table 18: Nuclear Reactor Characteristics, GT-MHR ..................................................................................... 46

Table 19: Nuclear Reactor Characteristics, EM2 ............................................................................................ 47

Table 20: Nuclear Reactor Characteristics, CEFR ......................................................................................... 48

Table 21: Nuclear Reactor Characteristics, 4S ............................................................................................... 49

Table 22: Nuclear Reactor Characteristics, PFBR .......................................................................................... 50

Table 23: Nuclear Reactor Characteristics, BREST ....................................................................................... 51




Table of Contents

Table 24: Nuclear Reactor Characteristics, SVBR ......................................................................................... 52

Table 25: Nuclear Reactor Characteristics, PRISM ........................................................................................ 53

Table 26: Nuclear Power Market, Global, Upcoming Small Modular Reactors ................................................ 57

Table 27: Nuclear Power Capacity and Generation, Asia-Pacific, Nuclear Power Capacity (GW) and

Generation (TWh), 2000–2025 ....................................................................................................... 60

Table 28: Nuclear Power Market, Asia-Pacific, Upcoming Small Modular Reactors ........................................ 61

Table 29: Nuclear Power Capacity and Generation, China, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ........................................................................................................................ 65

Table 30: Nuclear Power Capacity and Generation, India, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ........................................................................................................................ 76

Table 31: Nuclear Power Capacity and Generation, Europe, Nuclear Power Capacity (GW) and Generation

(TWh), 2000–2025 ......................................................................................................................... 89

Table 32: Nuclear Power Market, Europe, Upcoming Small Modular Reactors ............................................... 90

Table 33: Nuclear Power Capacity and Generation, Russia, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ........................................................................................................................ 93

Table 34: Nuclear Power Capacity and Generation, Sweden, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ...................................................................................................................... 101

Table 35: Nuclear Power Capacity and Generation, Finland, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ...................................................................................................................... 107

Table 36: Nuclear Power Capacity and Generation, Middle East and Africa, Nuclear Power Capacity (MW) and

Generation (GWh), 2000–2025 .................................................................................................... 113

Table 37: Nuclear Power Market, Middle East and Africa, Upcoming Small Modular Reactors ..................... 114

Table 38: Nuclear Power Capacity and Generation, South Africa, Nuclear Power Capacity (MW) and

Generation (GWh), 2000–2025 .................................................................................................... 117

Table 39: Nuclear Power Capacity and Generation, North America, Nuclear Power Capacity (MW) and

Generation (GWh), 2000–2025 .................................................................................................... 124

Table 40: Nuclear Power Market, North America, Upcoming Small Modular Reactors .................................. 125




Table of Contents

Table 41: Nuclear Power Capacity and Generation, Canada, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ...................................................................................................................... 128

Table 42: Nuclear Power Capacity and Generation, US, Nuclear Power Capacity (MW) and Generation (GWh),

2000–2025 .................................................................................................................................. 138

Table 43: The US NRC, Regulatory Authorities............................................................................................ 143

Table 44: Nuclear Power Capacity and Generation, South and Central America, Nuclear Power Capacity (MW)

and Generation (GWh), 2000–2025 ............................................................................................. 154

Table 45: Nuclear Power Capacity and Generation, Brazil, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ...................................................................................................................... 157

Table 46: Products and Services, AECL ...................................................................................................... 164

Table 47: Locations, AECL .......................................................................................................................... 164

Table 48: SWOT Analysis, AECL................................................................................................................. 166

Table 49: Products and Services, B&W ....................................................................................................... 170

Table 50: Locations, B&W ........................................................................................................................... 170

Table 51: Subsidiaries, B&W ....................................................................................................................... 171

Table 52: SWOT Analysis, B&W .................................................................................................................. 172

Table 53: Products and Services, CNNC ..................................................................................................... 175

Table 54: Products and Services, GA .......................................................................................................... 176

Table 55: Products and Services, GE Energy .............................................................................................. 177

Table 56: Products and Services, Mitsubishi ................................................................................................ 179

Table 57: Locations, Mitsubishi .................................................................................................................... 180

Table 58: Subsidiaries, Mitsubishi ................................................................................................................ 181

Table 59: SWOT Analysis, Mitsubishi .......................................................................................................... 185

Table 60: Products and Services, NPCIL ..................................................................................................... 187

Table 61: Locations, NPCIL ......................................................................................................................... 188




Table of Contents

Table 62: SWOT Analysis, NPCIL ............................................................................................................... 190

Table 63: Products, Toshiba ........................................................................................................................ 193

Table 64: Locations, Toshiba ....................................................................................................................... 194

Table 65: Subsidiaries, Toshiba ................................................................................................................... 195

Table 66: SWOT Analysis, Toshiba ............................................................................................................. 200

Table 67: Abbreviations ............................................................................................................................... 201




Table of Contents

1.2 List of Figures

Figure 1: Nuclear Power Capacity and Generation, Global, Nuclear Power Capacity (GW) and Generation

(TWh), 2000–2025 ....................................................................................................................... 23

Figure 2: Nuclear Power Capacity and Generation, Asia-Pacific, Nuclear Power Capacity (GW) and

Generation (TWh), 2000–2025 ..................................................................................................... 59

Figure 3: Power Generation by Fuel Type, China, Share (%), 2012 ............................................................. 63

Figure 4: Nuclear Power Capacity and Generation, China, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ....................................................................................................................... 64

Figure 5: Nuclear Regulatory Structure, China ............................................................................................. 69

Figure 6: Power Generation by Fuel Type, India, Share (%), 2012 ............................................................... 74

Figure 7: Nuclear Power Capacity and Generation, India, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ....................................................................................................................... 75

Figure 8: Nuclear Regulatory Structure, India .............................................................................................. 80

Figure 9: Power Generation by Fuel Type, Kazakhstan, Share (%), 2012 .................................................... 83

Figure 10: Nuclear Power Capacity and Generation, Europe, Nuclear Power Capacity (GW) and Generation

(TWh), 2000–2025 ....................................................................................................................... 88

Figure 11: Power Generation by Fuel Type, Russia Share (%), 2012 ............................................................. 91

Figure 12: Nuclear Power Capacity and Generation, Russia, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ....................................................................................................................... 92

Figure 13: Nuclear Regulatory Structure, Russia ........................................................................................... 95

Figure 14: Power Generation by Fuel Type, Sweden, Share (%), 2012 .......................................................... 99

Figure 15: Nuclear Power Capacity and Generation, Sweden, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ..................................................................................................................... 100

Figure 16: Nuclear Regulatory Structure, Sweden ....................................................................................... 104

Figure 17: Power Generation by Fuel Type, Finland, Share (%), 2012 ......................................................... 105




Table of Contents

Figure 18: Nuclear Power Capacity and Generation, Finland, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ..................................................................................................................... 106

Figure 19: Nuclear Regulatory Structure, Finland ........................................................................................ 109

Figure 20: Nuclear Power Capacity and Generation, Middle East and Africa, Nuclear Power Capacity (MW)

and Generation (GWh), 2000–2025 ............................................................................................ 112

Figure 21: Power Generation by Fuel Type, South Africa, Share (%), 2012 ................................................. 115

Figure 22: Nuclear Power Capacity and Generation, South Africa, Nuclear Power Capacity (MW) and

Generation (GWh), 2000–2025 ................................................................................................... 116

Figure 23: Nuclear Regulatory Structure, South Africa ................................................................................. 120

Figure 24: Nuclear Power Capacity and Generation, North America, Nuclear Power Capacity (MW) and

Generation (GWh), 2000–2025 ................................................................................................... 123

Figure 25: Power Generation by Fuel Type, Canada, Share (%), 2012 ........................................................ 126

Figure 26: Nuclear Power Capacity and Generation, Canada, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ..................................................................................................................... 127

Figure 27: Nuclear Regulatory Structure, Canada........................................................................................ 131

Figure 28: Power Generation by Fuel Type, US, Share (%), 2012 ............................................................... 136

Figure 29: Nuclear Power Capacity and Generation, US, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ..................................................................................................................... 137

Figure 30: Nuclear Regulatory Structure, US ............................................................................................... 141

Figure 31: Nuclear Power Capacity and Generation, South and Central America, Nuclear Power Capacity

(MW) and Generation (GWh), 2000–2025................................................................................... 153

Figure 32: Power Generation by Fuel Type, Brazil, Share (%), 2012............................................................ 155

Figure 33: Nuclear Power Capacity and Generation, Brazil, Nuclear Power Capacity (MW) and Generation

(GWh), 2000–2025 ..................................................................................................................... 156

Figure 34: Nuclear Regulatory Structure, Brazil ........................................................................................... 160




Introduction

2 Introduction

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 XX Small and Medium-sized Reactor (SMR) units

currently under operation worldwide, while around XX SMR units are expected to come online in

the near future. More than XX 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.

2.1 Report Guidance

The following subjects are covered in the report “Small and Medium-sized Reactors – New Build

Market, Policy Analysis, Competitive Landscape and Key Country Analysis to 2025”:

Chapter two, the Introduction, gives a brief overview of the report and the contents of each

individual chapter.

Chapter three, Small and Medium-sized Reactors, Global, 2006–2025, introduces the global

nuclear power generation market, including past and forecast figures, details of the drivers and

restraints affecting the market for SMRs, and details of the size of the global market in terms of

volume and value.

Chapter four, Small and Medium-sized Reactors, Asia-Pacific, 2006–2025, discusses the SMR

new build market in the Asia-Pacific region and in key countries such as China, India and

Kazakhstan between 2006 and 2025.

Chapter five, Small and Medium-sized Reactors, Europe, 2006–2025, discusses the SMR new

build market in Europe and in key countries such as Russian, Sweden and Finland between

2006 and 2025.




Introduction

Chapter six, Small and Medium-sized Reactors, Middle East and Africa, 2006–2025, discusses

the SMR new build market in Middle East and Africa and in South Africa, between 2006 and

2025.

Chapter seven, Small and Medium-sized Reactors, North America, 2006–2025, discusses the

SMR new build market in North America and in key countries such as the US and Canada,

between 2006 and 2025.

Chapter eight, Small and Medium-sized Reactors, South and Central America, 2006–2025,

discusses the SMR new build market in South and Central America and Brazil, between 2006

and 2025.

Chapter nine, Small and Medium-sized Reactors, Key Players, provides information on key

players in the SMR new build market.




Small and Medium-sized Reactors, Global, 2006–2025

3 Small and Medium-sized Reactors, Global, 2006–2025

3.1 Small and Medium-sized Reactors, Global, Nuclear Capacity and Generation

There are currently XX countries worldwide that include nuclear power in their energy mix. Around

XX more countries are expected to develop nuclear power generation in the near future. Major

countries to have deployed nuclear reactors for power generation include China, India, Japan,

Republic of Korea, Bulgaria, Czech Republic, France, Germany, Russia, Spain, Sweden, Turkey,

Ukraine, the UK, Canada, and the US. In addition to these countries, many other countries are

planning to include nuclear power in their energy portfolios. Some examples of countries with

advanced nuclear development plans are Thailand, Turkey, United Arab Emirates (UAE), and

Vietnam.

A number of countries have formulated ambitious plans for the development of nuclear power.

Countries such as China and India are leading the way in terms of nuclear new-build projects. The

key drivers for promoting the use of nuclear energy worldwide are burgeoning power demand,

increasing fossil fuel prices, the need to mitigate green house gas emissions and the low cost of

electricity generation from nuclear sources.

Global nuclear installed capacity increased from XX GigaWatts (GW) in 2000 to XX GW in 2012 at

an Average Annual Growth Rate (AAGR) of XX%. Nuclear power is expected to register substantial

growth globally; nuclear installed capacity is forecast to increase to XX GW by 2025, representing

an AAGR of XX% between 2012 and 2025.

Although nuclear power generation declined from XX Tera Watt hours (TWh) in 2000 to XX TWh in

2012 at a negative AAGR of XX%, due primarily to the reduction of nuclear power generation in

Japan after the Fukushima disaster, it is expected to increase to reach XX TWh in 2025,

representing an AAGR of XX% between 2012 and 2025.





The figure and table below illustrate the growth of nuclear installed capacity and generation during

the period between 2000 and 2025.

Figure 1: Nuclear Power Capacity and Generation, Global, Nuclear Power Capacity (GW) and Generation (TWh), 2000–2025

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Nuc

lear

pow

er g

ener

atio

n (T

Wh)

Nuc

lear

pow

er ca

paci

ty (G

W)

Nuclear power capacity Nuclear power generation Source: GlobalData, Nuclear eTrack – Capacity and Generation Database [Accessed on August 13, 2013]





Table 1: Nuclear Power Capacity and Generation, Global, Nuclear Power Capacity (GW) and Generation (TWh), 2000–2025

Year Nuclear capacity (GW) Nuclear power generation (TWh)

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Source: GlobalData, Nuclear eTrack – Capacity and Generation Database [Accessed on August 13, 2013]




Small and Medium-sized Reactors, Asia-Pacific, 2006–2025

4.2 Small and Medium-sized Reactors, China, 2006–2025

4.2.1 Small and Medium-sized Reactors, China, Nuclear Capacity and Generation

In China, nuclear power currently plays a trivial role, accounting for a share of around XX% of

energy generation in the country. However, China has extensive nuclear development plans, aimed

at increasing its nuclear installed capacity to around XX GW by 2020 and XX GWe by 2050 (WNA,

2013a). The country also has plans to become self-sufficient in terms of reactor design and fuel

cycles in order to support its nuclear development plans.

Thermal energy makes the largest contribution to energy generation in China, accounting for

around XX% of total energy production, followed by hydro, which contributes around XX%. Wind,

nuclear and biomass contribute XX%, XX% and XX% respectively. Solar Photovoltaic (PV), biogas

geothermal and solar thermal constitute the other sources that contribute to energy generation in

the country.

The figure below illustrates energy generation in China as of 2012.

Figure 3: Power Generation by Fuel Type, China, Share (%), 2012

Thermal

Hydro

Wind

Nuclear

Biomass

Others

Source: GlobalData, Power eTrack – Capacity and Generation Database [Accessed on August 13, 2013]




Appendix

10 Appendix

10.1 Abbreviations

Table 67: Abbreviations Abbreviation Expansion

AAG Advanced Arresting Gear

AAGR Average Annual Growth Rate

ABWR Advanced Boiling Water Reactor

AEC Atomic Energy Commission

AECB Atomic Energy Control Board

AECL Atomic Energy of Canda Ltd

AEH Alternate Energy Holdings, Inc.

AERB Atomic Energy Regulatory Board

AHWR Advanced Heavy Water Reactor

Areva Areva SA

ASME American Society of Mechanical Engineers

B&W Babcock and Wilcox Company

B&W NOG B&W Nuclear Operations Group, Inc.

BARC Bhabha Atomic Research Centre

BD Blu-ray Disc

BREST Bystryi REactor so Svintsovym Teplonositelem

BWR Boiling Water Reactors

CAEA China Atomic Energy Authority

CAER Center for Advanced Engineering and Research

CAGR Compounded Annual Growth Rate

CANDU CANada Deuterium and Uranium

CAREM Central ARgentina de Elementos Modulares

CEAA Canadian Environmental Assessment Agency

CEFR China Experimental Fast Reactor

CGNPC China Guangdong Nuclear Power Group

CIS Commonwealth of Independent States

CMOS Complementary Metal Oxide Semiconductor

CNEN National Nuclear Energy Commission

CNNC China National Nuclear Corporation

CNP-300 Chinese Nuclear Power unit - 300

CNSC Canadian Nuclear Safety Commission

CO2 carbon dioxide




Appendix

COD Commercial Operation Date

CPR Chinese Pressurized water Reactor

CRDM Control Rod Drive Mechanisms

CRIEPI Central Research Institute of the Electric Power Industry

DAE Department of Atomic Energy

DC Direct Current

DEA Department of Environmental Affairs

DoE Department of Energy

DVD Digital Video Disc

EC6 Enhanced Candu 6

ECIL Electronics Corporation of India Ltd.

EDF Electricite de France S.A.

EDO Executive Director for Operations

EJ ExaJoule

Electronuclear Electrobras Termonuclear S/A

Eletrobras Eletrobras Termonuclear S/A

EM2 or EMM Energy Multiplier Module

ESBWR Economic Simplified Boiling Water Reactor

FBNR Fixed Bed Nuclear Reactor

FBR Fast Breeder Reactors

FOA Funding Opportunity Announcement

GA General Atomics

GCR Gas Cooled Reactors

GE Energy GE-Hitachi Nuclear Energy, Inc.

Gen4 Energy Gen4 Energy, Inc.

GT-MHR Gas Turbine – Modular Helium Reactor

GW Giga Watt

GWh Gigawatt hour

HDD Hard Disk Drive

HDTV High Defnition Tele Vision

HRTF Hydrogen Recombiner Test Facility

HTGR High Temperature Gas cooled Reactors

HTR-PM High Temperature Reactor – Pebblebed Module

IAEA International Atomic Energy Agency

IC Integrated Circuit

IGCAR Indira Gandhi Centre for Atomic Research

IMR Integrated Modular Reactor

INB Brazilian Nuclear Industries

IRIS International Reactor Innovative and Secure




Appendix

IRP Integrated Resource Plan

IST Integrated System Test

KAEC Kazakhstan Atomic Energy Committee

KEPCO E&C KEPCO Engineering & Construction Company, Inc.

kW kiloWatt

L-3 MAPPS L-3 Communications MAPPS Inc.

LCD Liquid Crystal Display

LED Light Emitting Diode

LNG Liquefied Natural Gas

LOCA Loss Of Coolant Accident

LWR Light Water Reactor

MA Mixed Actinides

MCR Main Control Room

MCT Ministry of Science and Technology

Missouri S&T Missouri University of Science and Technology

Mitsubishi Mitsubishi Corporation

MME Ministry of Mines and Energy

MoU Memorandum of Understanding

Mpa Mega Pascal

MPR MPR Associates, Inc.

MW Mega Watt

MWTh Mega Watt Thermal

NEA National Energy Administration

NEI Nuclear Energy Institute

NERSA National Energy Regulator of South Africa

NESCA South African Nuclear Energy Corporation

NGNP Next Generation Nuclear Power Plant

NLBU Nuclear Laboratories Business Unit

NNR National Nuclear Regulator

NNSA National Nuclear Safety Administration

NPCIL Nuclear Power Corporation of India Ltd.

NPP Nuclear Power Plant

NPT Non-Proliferation Treaty

NRC Nuclear Regulatory Commission

NRWDI National Radioactive Waste Disposal Institute

NSSS Nuclear Steam Supply System

NuScale NuScale Power, LLC

PES Programmable Electronic Systems

PFBR Prototype Fast Breeder Reactor




Appendix

PHWR Pressurized Heavy Water Reactors

PRISM Power Reactor Inherently Safe Module

PSC Power Systems Company

Pu Plutonium

PV Photo Voltaic

PWR Pressurized Water Reactors

R&D Research and Development

RAW RadioActive Waste

RCA Root Cause Analysis

SCRO State Council Research Office

SEC Securities and Exchanges Commission

SEPA State Environmental Protection Agency

SISC Social Infrastructure Systems Company

SMART System Integrated Modular Advanced Reactor

SMR Small and Medium sized Reactor

SNERDI Shanghai Nuclear Engineering Research and Design Institute

SNF Spent Nuclear Fuel

SNPTC State Nuclear Power Technology Corporation Ltd.

SRSA Swedish Radiation Safety Authority

SSSS or 4S Super, Safe, Small and Simple Reactor

STUK SateilyTUrvaKeskus

SVBR Svintsovo Vismutny Bystryi Reactor

TEBSC Toshiba Elevator and Building Systems Corporation

TICRC Tobacco Indemnifiation and Community Revitalization Commission

TMSC Toshiba Medical Systems Corporation

TRISO TRipple coated ISOtropic

TSC Toshiba Solutions Corporation

tU tons Uranium

TWh Tera Watt hours

U Uranium

U233 Uranium-233

U3O8 Natural Uranium

UAE United Arab Emirates

UCIL Uranium Corporation of India Ltd.

UO2 Uranium di Oxide

URD Utility Requirements Documents

VBER Vodyanoi Blochnyi Energetichesky Reactor

VK-300 Vodyanoy Kipyashchy-300

Westinghouse Westinghouse electric company, LLC




Appendix

WIN Western Initiative for Nuclear

WWER Water cooled Water moderated Energy Reactor

Source: GlobalData

10.2 Bibliography

AERB (2013a). Atomic Energy Act, 1962. Atomic Energy Research Board. Available from:

http://www.aerb.gov.in/cgi-bin/actsrules/aea.asp [Accessed on August 09, 2013]

AERB (2013b). Function of AERB. Atomic Energy Research Board. Available from:

http://www.aerb.gov.in/cgi-bin/aboutaerb/functions.asp [Accessed on August 09, 2013]

CNA (2012). National Nuclear Attitude Survey. Canadian Nuclear Association. Available from:

http://www.cna.ca/wp-content/uploads/2012NuclearAttitudeReport.pdf

DAE (2012). Meeting Demand Projection. Department of Atomic Energy - India. Available from:

http://164.100.119.21/?q=node/129 [Accessed on August 09, 2013]

EIA (2013a). Russia Country Analysis. US Energy Information Administration. Available from:

http://www.eia.gov/countries/cab.cfm?fips=RS. [Accessed on August 19, 2013].

EIA (2013b). South Africa Country Analysis. US Energy Information Administration. Available

from: http://www.eia.gov/countries/cab.cfm?fips=SF [Accessed on August 19, 2013].

EUJRC (2012). Trends in Global CO2 Emissions. European Commission Joint Research

Center. Available from: http://edgar.jrc.ec.europa.eu/CO2REPORT2012.pdf

Eurobarometer (2010). Europeans and Nuclear Safety. European Commission. Available from:

http://ec.europa.eu/energy/nuclear/safety/doc/2010_eurobarometer_safety.pdf

Foratom (2012). What People Really Think About Nuclear Energy. The European Atomic

Forum (Foratom). Availabe from:

http://www.foratom.org/jsmallfib_top/Publications/Opinion_Poll.pdf

GEHitachi (2013). Products and Services. GE Hitachi. Available from: http://www.ge-

energy.com/products_and_services/index.jsp [August 02, 2013]




Appendix

GlobeScan (2011). Opposition to Nuclear Energy Grows. GlobeScan. Available from:

http://www.globescan.com/images/images/pressreleases/bbc2011_nuclear_energy/bbc2011_e

nergy.pdf

IAEA (2006a). The National Report of the Report of the Russia Federation on Compliance with

the Obligations of the Joint Convention on the Safety of Spent Fuel Management and the

Safety of Radioactive Waste Management. International Atomic Energy Agency. Available

from: http://www-ns.iaea.org/downloads/rw/conventions/russian-federation-national-report.pdf.

IAEA (2006b). Country Nuclear Power Profiles - Brazil. International Atomic Energy Agency.

Available from: http://www-

pub.iaea.org/MTCD/Publications/PDF/CNPP2012_CD/countryprofiles/Brazil/Brazil.htm

[Accessed on August 12, 2013]

IAEA (2009). Current Workforce Requirements For Nuclear Power Plants In The USA.

International Atomic Energy Agency. Available from:

http://www.iaea.org/NuclearPower/Downloads/Training/files/2009-03-

TM/USA_Current_US_Nuclear_Workforce_Requirements.pdf

IAEA (2012). Country Nuclear Power Profiles - China. International Atomic Energy Agency.

Available from: http://www-

pub.iaea.org/MTCD/Publications/PDF/CNPP2012_CD/countryprofiles/China/China.htm#Footn

ote1 [Accessed on August 26, 2013]

IAS (2013). India's Uranium Shortage. Indian Academy of Sciences. Available from:

http://www.ias.ac.in/meetings/annmeet/74am_talks/rrajaraman/img16.html [Accessed on

August 09, 2013]

Kessides NI and Kuznetsov V (2012). Small Modular Reactors for Enhancing Energy Security

in Developing Countries. The World Bank. Available from:

https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=30&cad=rja&ved=0CIAB

EBYwCTgU&url=http%3A%2F%2Fsiteresources.worldbank.org%2FEXTKNOWLEDGEOFCHA

NGE%2FResources%2F491542-

1355513562461%2Foutput3.docx&ei=H2glUouGG4STrgeupoDYBg&usg=AFQjCNEfxB5McfHf

YGlEe0K_vUaaYvL64g&sig2=PwOLN29CgOUvj6s6bqAOew&bvm=bv.51495398,d.bmk

[Accessed on September 3, 2013]




Appendix

NEI (2011). Majorities of U.S. Public, Plant Neighbors Favor Nuclear Energy and New Reactor

Development. Nuclear Energy Institute. Available from:

http://www.nei.org/resourcesandstats/documentlibrary/publications/perspectiveonpublicopinion/

perspective-on-public-opinion-november-2011/ [Accessed on August 01, 2013]

NRC (2012a). Organization and Functions. Nuclear Regulatory Commission. Available from:

http://www.nrc.gov/about-nrc/organization.html [Accessed on August 01, 2013]

NRC (2012b). Governing Regulation. Nuclear Regulatory Commission. Available from:

http://www.nrc.gov/about-nrc/governing-laws.html [Accessed on August 01, 2013]

OECD (2011). Nuclear Legislation in OECD Countries. Organization for Economic Co-

operation and Development. Available from: https://www.oecd-nea.org/law/legislation/


PAC (2008). Readiness of the US Nuclear Workforce for 21st Century Challenges. Public

Accounts Committee. Available from: http://www.aps.org/policy/reports/popa-

reports/upload/Nuclear-Readiness-Report-FINAL-2.pdf

Reuters (2012). Russia doubles nuclear exports despite Fukushima. Thomson Reuters.

Available from: http://www.reuters.com/article/2012/03/23/russia-nuclear-

idAFL6E8EN4WP20120323. [Accessed on August 16, 2013].

SADOE (2011). Electricity Regulations on the Integrated Resource Plan 2010-2030. South

Africa Department of Energy. Available from:

http://www.energy.gov.za/IRP/2010/IRP_2010.pdf

SADOE (2012). Annual Report (2011/2012). South Africa Department of Energy. Available

from: http://www.energy.gov.za/files/Annual%20Reports/DoE%20Annual%20Report%202011-

2012.pdf

Singh, M (2008). US-India Nuclear Deal Goes Through. Time Magazine. Available from:

http://www.time.com/time/world/article/0,8599,1846460,00.html [Accessed on August 26, 2013]

WNA (2013a). Nuclear Power in China. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/China--Nuclear-

Power/#.UXjINaKB_Sg [Accessed on August 07, 2013]




Appendix

WNA (2013b). Nuclear Power in India. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-G-N/India/#.UezFQdKB_Sh


WNA (2013c). Nuclear Power in Russia. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-O-S/Russia--Nuclear-

Power/#.UezMRtKB_Sg [Accessed on August 09, 2013]

WNA (2013d). Nuclear Power in Sweden. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-O-S/Sweden/#.UjlHwNKB9Bk


WNA (2013e). Nuclear Power in Finland. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/Finland/#.UilkvNKB9Bk


WNA (2013f). Nuclear Power in South Africa. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/Country-Profiles/Countries-O-S/South-

Africa/#.Ueza9NKB_Sg [Accessed on August 22, 2013]

WNA (2013g). Uranium in Canada. World Nuclear Association. Available from:

http://www.world-nuclear.org/info/inf49.html [Accessed on August 02, 2013]

10.3 Methodology

GlobalData’s dedicated research and analysis teams consist of experienced professionals with

marketing, market research and consulting backgrounds in the energy industry, and advanced

statistical expertise.

GlobalData adheres to the codes of practice set by the Market Research Society (www.mrs.org.uk)

and Strategic and Competitive Intelligence Professionals (www.scip.org).

The following research methodology is followed for feedwater heater databases and report.




Appendix

10.3.1 Coverage

The report covers market analysis of nuclear SMRs market. We track hundreds of nuclear energy

news sources on a daily basis. Using this news flow and regular interaction with industry experts,

GlobalData identifies the key trends witnessed by the industry. These can be market opportunities,

industry consolidation, technological breakthroughs, and policy updates. The report investigates

these trends in detail with the objective of providing most up to date vision of the industry.

10.3.2 Secondary Research

The research process begins with exhaustive secondary research of internal and external sources

to provide qualitative and quantitative information related to the SMRs market. The secondary

research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and

US Securities and Exchanges Commission (SEC) filings

Industry trade journals and other literature

Internal and external proprietary databases

National government documents, statistical databases and market reports

News articles, press releases and web-casts specific to the companies operating in the market.

10.3.3 Primary Research

Primary research efforts further substantiate findings and information captured through desk

research. This aspect of the research program serves both as a means of obtaining updates

regarding issues such as changes in policy frameworks, nuclear sector development, and as a

quality control mechanism.

GlobalData conducts many primary interviews a year with industry participants and commentators

in order to validate its data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on the market size, market trends, growth trends, competitive

landscape and future outlook

Helps to validate and strengthen the secondary research findings

Further develops the analysis team’s expertise and market understanding.




Appendix

Primary research involves telephone and email interviews as well as face-to-face interviews for

each market category, segment and sub-segment across geographies.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers

and national sales managers.

Outside experts: investment bankers, valuation experts, research analysts and key opinion

leaders specializing in the nuclear energy industry.

10.3.4 Modeling and Forecasting

The market size or volume of the SMR market has been estimated by taking into account various

factors which directly impact the industry. This includes the relevant details of existing SMRs such

as their capacity, year online and expected shut down year. The market value has been derived

with the help of market size and average cost of reactors.

10.4 Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any

form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior

permission of the publisher, GlobalData.

This report is a licensed product and should not to be reproduced without prior permission.

The information in this document has been extracted from Power eTrack and Nuclear eTrack by a

registered user.