Market Overview:
The global micro nuclear reactors (MNRs) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for energy, rising concerns over climate change and air pollution, and growing investments in renewable energy sources. The global MNRs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into high temperature reactors (HTRs), molten salt reactors (MSRs), and liquid metal reactor (LMR). HTRs are further classified into pebble bed HTRs and gas-cooled HTRs. MSRs are further classified into solid fuel MSRs and liquid fuel MSRs. LMR is further classified into sodium-cooled LMRs and lead-cooled LMRs. On the basis of application, the market is segmented into military applications, industrial applications such as power generation or process heat for chemical production or desalination plants., commercial applications such as office buildings or hospitals., residential applications such as single family homes or apartment buildings.,and others including transportation sector & maritime propulsion etc. Geographically,the global MNR Marketis dividedinto five regions: North America , Latin America , Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
Micro nuclear reactors (MNRs) are miniature nuclear reactors that generate heat and power for small-scale applications. MNRs are important for a number of reasons, including their ability to provide energy in remote areas, their potential for use in space exploration, and their ability to help reduce greenhouse gas emissions.
High Temperature Reactors:
High temperature reactors (HTRs) are used in the nuclear power plants for the production of energy from nuclei acids such as deuterium and tritium. The heat generated by these reactors is utilized to produce steam which drives a turbine-driven electric generator. These types of reactors are also known as gas-cooled reactor (GCR).
The global high temperature reactors market size was valued at USD 1,B0 billion in 2016.
Molten Salt Reactors:
Molten salt reactors (MSRs) are a type of nuclear power plant in which the nuclear fuel is melted within a closed system of pipes, which circulates molten salts as a fluid coolant. The heat generated by the fission reaction is used to boil water into steam, which drives an electrical generator and produces electricity.
Application Insights:
The military application segment accounted for the largest share of more than 40.0% in 2017. The growing need for nuclear energy to provide base load power and heat in defense facilities is expected to be a key factor driving the demand over the forecast period. In addition, governments are taking initiatives such as civil-military collaboration agreements that involve MNRs owing to their ability to meet electricity needs and reduce greenhouse gas emissions, which is likely to propel market growth over the forecast period.
The commercial application segment was valued at USD 546 million in 2017 and is expected witness significant growth on account of increasing investments by companies including Rosatom, TVEL, Elex reactors among others coupled with favorable government policies towards adoption of clean energy sources such as solar photovoltaic panels and wind turbines across countries such as China India U.S.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing nuclear power plant construction in China and India. For instance, in October 2016, China General Nuclear Power Corp., (CGN) and Sinopec signed a deal for constructing a third unit at Jiajiale Nuclear Power Plant usingmolten salt reactor technology. Asia Pacific was followed by North America which accounted for 24% of the total revenue share in 2016 owing to growing concerns regarding carbon emission coupled with anti-nuclear movement that has resulted into shutting down of several reactors across U.S and Canada since 2011.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising concerns over climate change and air pollution, driving the adoption of clean energy sources such as MNRs
- Favorable government policies and incentives for the deployment of MNRs
- Technological advancements that have made MNRs more efficient and cost-effective
- Growing interest from investors in the MNR market
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Nuclear Reactors (MNRs) Market Research Report
By Type
High Temperature Reactors, Molten Salt Reactors, Liquid Metal Reactor (LMR)
By Application
Military, Industrial, Commercial, Residential, Others
By Companies
Westinghouse Electric Company, Toshiba, OKBM Afrikantov, OKB Gidropress, X-energy, CNEA & INVAP, Seaborg Technologies, IPPE & Teploelektroproekt Design, Kurchatov Institute, Areva TA (DCNS group), Gen4 Energy, JAERI, NuScale Power LLC, KAERI, Intellectual Ventures, U-Battery consortium, RDIPE, Teploelectroproekt
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Micro Nuclear Reactors (MNRs) Market Report Segments:
The global Micro Nuclear Reactors (MNRs) market is segmented on the basis of:
Types
High Temperature Reactors, Molten Salt Reactors, Liquid Metal Reactor (LMR)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Industrial, Commercial, Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Westinghouse Electric Company
- Toshiba
- OKBM Afrikantov
- OKB Gidropress
- X-energy
- CNEA & INVAP
- Seaborg Technologies
- IPPE & Teploelektroproekt Design
- Kurchatov Institute
- Areva TA (DCNS group)
- Gen4 Energy
- JAERI
- NuScale Power LLC
- KAERI
- Intellectual Ventures
- U-Battery consortium
- RDIPE
- Teploelectroproekt
Highlights of The Micro Nuclear Reactors (MNRs) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Temperature Reactors
- Molten Salt Reactors
- Liquid Metal Reactor (LMR)
- By Application:
- Military
- Industrial
- Commercial
- Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Nuclear Reactors (MNRs) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro Nuclear Reactors (MNRs) are a type of nuclear reactor that use small amounts of uranium to generate electricity. MNRs are smaller and more efficient than traditional nuclear reactors, and they could help reduce the cost of energy.
Some of the major companies in the micro nuclear reactors (mnrs) market are Westinghouse Electric Company, Toshiba, OKBM Afrikantov, OKB Gidropress, X-energy, CNEA & INVAP, Seaborg Technologies, IPPE & Teploelektroproekt Design, Kurchatov Institute, Areva TA (DCNS group), Gen4 Energy, JAERI, NuScale Power LLC, KAERI, Intellectual Ventures, U-Battery consortium, RDIPE, Teploelectroproekt.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Nuclear Reactors (MNRs) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Micro Nuclear Reactors (MNRs) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Micro Nuclear Reactors (MNRs) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Micro Nuclear Reactors (MNRs) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Micro Nuclear Reactors (MNRs) Market Size & Forecast, 2018-2028 4.5.1 Micro Nuclear Reactors (MNRs) Market Size and Y-o-Y Growth 4.5.2 Micro Nuclear Reactors (MNRs) Market Absolute $ Opportunity
Chapter 5 Global Micro Nuclear Reactors (MNRs) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
5.2.1 High Temperature Reactors
5.2.2 Molten Salt Reactors
5.2.3 Liquid Metal Reactor (LMR)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro Nuclear Reactors (MNRs) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
6.2.1 Military
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Residential
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Nuclear Reactors (MNRs) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro Nuclear Reactors (MNRs) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Micro Nuclear Reactors (MNRs) Analysis and Forecast
9.1 Introduction
9.2 North America Micro Nuclear Reactors (MNRs) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
9.6.1 High Temperature Reactors
9.6.2 Molten Salt Reactors
9.6.3 Liquid Metal Reactor (LMR)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
9.10.1 Military
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Residential
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Micro Nuclear Reactors (MNRs) Analysis and Forecast
10.1 Introduction
10.2 Europe Micro Nuclear Reactors (MNRs) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
10.6.1 High Temperature Reactors
10.6.2 Molten Salt Reactors
10.6.3 Liquid Metal Reactor (LMR)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
10.10.1 Military
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Residential
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Micro Nuclear Reactors (MNRs) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro Nuclear Reactors (MNRs) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
11.6.1 High Temperature Reactors
11.6.2 Molten Salt Reactors
11.6.3 Liquid Metal Reactor (LMR)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
11.10.1 Military
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Residential
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Micro Nuclear Reactors (MNRs) Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro Nuclear Reactors (MNRs) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
12.6.1 High Temperature Reactors
12.6.2 Molten Salt Reactors
12.6.3 Liquid Metal Reactor (LMR)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
12.10.1 Military
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Residential
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Micro Nuclear Reactors (MNRs) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro Nuclear Reactors (MNRs) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Micro Nuclear Reactors (MNRs) Market Size Forecast by Type
13.6.1 High Temperature Reactors
13.6.2 Molten Salt Reactors
13.6.3 Liquid Metal Reactor (LMR)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Micro Nuclear Reactors (MNRs) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Residential
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro Nuclear Reactors (MNRs) Market: Competitive Dashboard
14.2 Global Micro Nuclear Reactors (MNRs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Westinghouse Electric Company
14.3.2 Toshiba
14.3.3 OKBM Afrikantov
14.3.4 OKB Gidropress
14.3.5 X-energy
14.3.6 CNEA & INVAP
14.3.7 Seaborg Technologies
14.3.8 IPPE & Teploelektroproekt Design
14.3.9 Kurchatov Institute
14.3.10 Areva TA (DCNS group)
14.3.11 Gen4 Energy
14.3.12 JAERI
14.3.13 NuScale Power LLC
14.3.14 KAERI
14.3.15 Intellectual Ventures
14.3.16 U-Battery consortium
14.3.17 RDIPE
14.3.18 Teploelectroproekt