유럽의 소형 모듈 원자로 시장 : 용도, 제품 유형, 국가별 분석 및 예측(2025-2035년)

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Introduction to Europe Small Modular Reactor Market

The Europe small modular reactor market was valued at $59.4 million in 2024 and is projected to grow at a CAGR of 39.72%, reaching $1,605.3 million by 2035. The market is expanding as a result of Europe's increasing use of modular nuclear reactor technologies, which are distinguished by their standardized designs, scalable deployment, and factory-built components. The need for SMRs to support remote areas, industrial centers, and outdated grid infrastructure is growing as European countries move toward dependable, low-carbon energy sources. Increased climate targets, the need for improved safety, and the pressing need to shorten building deadlines all contribute to this trend. Europe is better positioned to support its long-term energy transition and expedite the deployment of SMRs because to developments in reactor design, digital integration, and manufacturing efficiency.

Market Introduction

The market for small modular reactors (SMRs) in Europe is expanding as nations look for more dependable, flexible, and clean energy options to help them achieve decarbonization targets and improve energy security. SMRs are a good substitute for conventional large-scale nuclear facilities because of their small size, modular design, and scalable deployment. These reactors can be manufactured in a factory and put together on location, greatly cutting down on construction time and expense while enhancing efficiency and safety.

SMRs are being explored more and more in Europe as a way to power isolated areas and industrial sites, support aging energy infrastructure, and augment renewable energy sources. Increased investment in next-generation nuclear technology, such as SMRs, is being driven by the growing pressure to cut greenhouse gas emissions and fulfill EU climate targets. Leading the way with pilot programs and encouraging legislative frameworks are nations like Finland, the United Kingdom, and France.

Development is also being accelerated by technological developments in fuel efficiency, digital controls, and reactor design. Innovation and commercialization initiatives are also being fueled by strategic partnerships across government organizations, commercial businesses, and academic institutions. SMRs are anticipated to be essential in providing safe, sustainable, and scalable nuclear electricity throughout the area as the European energy landscape shifts to a low-carbon future.

Market Segmentation:

Segmentation 1: by Application

• Electricity Production
• Combined Heat and Power
• Desalination
• Off-grid application

Segmentation 2: by Reactor Type

• Water-Cooled Reactors
• Liquid Metal-Cooled Fast Neutron Spectrum Reactors
• Molten Salt Reactors
• High-Temperature Gas-Cooled Reactors

Segmentation 3: by Power Generation Capacity

• <25 MW
• 25-100 MW
• 101-300 MW
• >300 MW

Segmentation 4: by Region

• Europe - Russia, France, and Rest-of Europe

Europe Small Modular Reactor (SMR) Market - Trends, Drivers, and Challenges

Trends

• Growing momentum toward low-carbon nuclear energy as part of Europe's net-zero transition.
• Development of domestic and cross-border pilot SMR projects in countries like the UK, France, Poland, and Estonia.
• Rising interest in integrating SMRs with renewable energy for grid stability and decarbonized baseload power.
• Technological advances in Generation III+ and IV SMR designs, with enhanced safety and efficiency features.
• Collaboration among EU member states, research institutions, and private firms for innovation and commercialization.

Drivers

• Urgent need to replace aging nuclear and fossil fuel-based power infrastructure.
• Strong policy support under the EU Green Deal and inclusion of nuclear in the EU Taxonomy for sustainable investments.
• Demand for flexible, smaller-scale nuclear options to support industrial applications and regional power needs.
• Public sector funding and strategic investment into nuclear innovation and infrastructure.
• Improved construction timelines and cost efficiencies through modular factory-built reactor components.

Challenges

• Regulatory fragmentation across European countries delaying standardization and approvals.
• Political and public concerns over nuclear safety, waste disposal, and potential accidents.
• High capital investment and lengthy development timelines for commercial-scale SMR deployment.
• Competition from established renewable energy sources, especially wind and solar.
• Uncertainty in nuclear fuel supply chains and long-term waste management solutions.

How can this report add value to an organization?

Product/Innovation Strategy: The Europe small modular reactor market has been segmented based on application, reactor type, power generation capacity, and end-user category, providing valuable insights into deployment strategies and technology preferences. Application segmentation includes electricity production, combined heat and power, desalination, and off-grid power. By reactor type, the market has been divided into water-cooled reactors, liquid metal-cooled fast neutron spectrum reactors, molten salt reactors, and high-temperature gas-cooled reactors. Capacity segmentation covers units under 25 MW, 25-100 MW, 101-300 MW, and above 300 MW. The end user segmentation includes utilities, industrial operators, off-grid microgrid providers, and desalination plant operators. This segmentation framework supports targeted market analysis and strategic planning by stakeholders across technology development, policy, and finance.

Growth/Marketing Strategy: The Europe small modular reactor market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.

Competitive Strategy: The key players in the Europe small modular reactor market analyzed and profiled in the study include professionals with expertise in the small modular reactor domain. Additionally, a comprehensive competitive landscape, such as partnerships, agreements, and collaborations, is expected to aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled in the Europe small modular reactor market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:

• The State Atomic Energy Corporation ROSATOM
• JSC NIKIET
• Rolls-Royce plc
• EDF

Table of Contents

Executive Summary

Scope and Definition

1 Markets

• 1.1 Trends: Current and Future Impact Assessment
  • 1.1.1 Growing Interest in Clean Energy Solutions
  • 1.1.2 Regulatory and Policy Support
• 1.2 Supply Chain Overview
  • 1.2.1 Value Chain Analysis
• 1.3 Research and Development Review
  • 1.3.1 Patent Filing Trend (Number of Patents by Year and by Patent Office)
• 1.4 Regulatory Landscape
• 1.5 Summary of Economic Assumptions for SMRs
• 1.6 Estimated CAPEX and OPEX Component Costs for SMR Designs ($/kW)
• 1.7 Market Dynamics Overview
  • 1.7.1 Market Drivers
    • 1.7.1.1 Advancements in Nuclear Technology
    • 1.7.1.2 Growing Research and Development Activities to Achieve Near Zero Emissions
  • 1.7.2 Market Restraints
    • 1.7.2.1 High Initial Costs and Infrastructure Limitations
    • 1.7.2.2 Regulatory and Licensing Hurdles
  • 1.7.3 Market Opportunities
    • 1.7.3.1 Surge in Decarbonization Policies
    • 1.7.3.2 Energy Access in Remote and Off-Grid Areas

2 Regions

• 2.1 Regional Summary
• 2.2 Europe
  • 2.2.1 Regional Overview
  • 2.2.2 Driving Factors for Market Growth
  • 2.2.3 Factors Challenging the Market
  • 2.2.4 Application
  • 2.2.5 Product
  • 2.2.6 Europe (by Country)
    • 2.2.6.1 Russia
      • 2.2.6.1.1 Application
      • 2.2.6.1.2 Product
    • 2.2.6.2 France
      • 2.2.6.2.1 Application
      • 2.2.6.2.2 Product
    • 2.2.6.3 Rest-of-Europe
      • 2.2.6.3.1 Application
      • 2.2.6.3.2 Product

3 Markets - Competitive Benchmarking and Company Profiles

• 3.1 Next Frontiers
• 3.2 Market Share and Strategic Initiatives
• 3.3 Company Profiles
  • 3.3.1 The State Atomic Energy Corporation ROSATOM
    • 3.3.1.1 Overview
    • 3.3.1.2 Top Products/Product Portfolio
    • 3.3.1.3 Top Competitors
    • 3.3.1.4 Target Customers/End Users
    • 3.3.1.5 Key Personnel
    • 3.3.1.6 Analyst View
  • 3.3.2 JSC NIKIET
    • 3.3.2.1 Overview
    • 3.3.2.2 Top Products/Product Portfolio
    • 3.3.2.3 Top Competitors
    • 3.3.2.4 Target Customers/End Users
    • 3.3.2.5 Key Personnel
    • 3.3.2.6 Analyst View
  • 3.3.3 Rolls-Royce plc
    • 3.3.3.1 Overview
    • 3.3.3.2 Top Products/Product Portfolio
    • 3.3.3.3 Top Competitors
    • 3.3.3.4 Target Customers/End Users
    • 3.3.3.5 Key Personnel
    • 3.3.3.6 Analyst View
  • 3.3.4 EDF
    • 3.3.4.1 Overview
    • 3.3.4.2 Top Products/Product Portfolio
    • 3.3.4.3 Top Competitors
    • 3.3.4.4 Target Customers/End Users
    • 3.3.4.5 Key Personnel
    • 3.3.4.6 Analyst View

4 Research Methodology

• 4.1 Data Sources
  • 4.1.1 Primary Data Sources
  • 4.1.2 Secondary Data Sources
  • 4.1.3 Data Triangulation
• 4.2 Market Estimation and Forecast