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Molten Salt Reactors: Opportunity and Global Markets

  • Published Date: 09 Oct 2018
  • Number of Pages: 103
  • Category: Materials
  • Country: Global

Summary

The world is going through an enormous development process where every minute gives rise to a new development in technology and product. The change that is being experienced by the global population each day has a significant role in individual lifestyles. Along with the acceptance of such innovations and technologies by mankind, electricity has become a necessity throughout the world. As a result, the world’s population is getting more and more dependent on electricity, and each and every activity is becoming accustomed to this power source.

With the rise in global population, the demand for electricity is rising enormously. However, electricity has its variety of processes of generation paired with a variety of raw materials such as coal, wind, sunlight, water and nuclear power. Conventionally, coal was the only material used for the generation of electricity. However, with the major research and development, water, as a source for hydro-electricity generation has earned acceptance worldwide, which resulted in the building of dams and hydro-electric power stations near bodies of water. Furthermore, with the arrival of new inventions, solar and wind power has been adopted by various electricity generation authorities for the generation of electricity
from renewable resources such as sunlight and wind, with the help of solar panel and windmill respectively.

Presently, scientists emphasize producing electricity from radioactive metals such as uranium and thorium, which are processed through nuclear reactors. After reactions that have been observed to have generated massive electrical power. However, uranium is scarce as compared to thorium; hence, thorium is a much-accepted radioactive metal for the generation of electricity.

The process of transforming metallic ions into electricity has been the much-discussed topic among the scientists and governments for a century. This radioactive process of generating electricity emits a negligible amount of carbon and carbon dioxide. Thorium occurs naturally and is found in rocks and soils. Thorium undergoes a process through a mechanism called molten salt reactor to form electricity as output.

Molten salt reactor is a nuclear reactor that is safer and efficient in generating electricity as liquid fuel is used unlike conventional nuclear reactors which use solid fuel rods. , The reactor chamber contains fuel dissolved in a mixture of molten fluoride salts. The rate of fission automatically stabilizes when the fuel salt reaches 700 degrees Celsius; however, when it gets hotter than 700 degrees Celsius, the fuel cools down as the fuel salt pushes some of the fuel into the circulation loop. Hence, accidents are less likely to occur. Generally, a nuclear reactor emits massive power when it bursts or leaks; however, nuclear salt reactors are less harmful to mankind in case of a disaster.

This report categorizes molten salt reactors on the basis of their nuclear fuel and present day-to-day end use. In 2016, of all the molten salt reactor nuclear fuel types, thorium dominated the overall market with a share of REDACTED%, followed by uranium with a share of approximately REDACTED%. Due to the capability ofmolten salt reactors to produce electricity and provide power by emitting less carbon, they are highly used for applications such as power and energy, oil and gas, shipping a nd other uses.


Report Scope:

The molten salt reactors market is segmented into the follow categories:
- By nuclear fuel type: thorium, uranium and plutonium.
- By end-use: power and energy, oil and gas, shipping and other industries.
- By region: North America is segmented into the U.S., Canada and Mexico; Europe is segmented into France, Italy, Germany, the U.K., Russia and the rest of Commonwealth Independent States (CIS); Asia-Pacific (APAC) is segmented into China, Japan, Taiwan, South Korea and others; and the rest of the world (ROW) covers the Middle East, Africa and South America.
- Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

In addition to industry and competitive analysis of the molten salt reactors market, this report also includes a patent analysis and a listing of company profiles for key players in the molten salt reactors market.

Report Includes:

- 79 tables
- An overview of the global markets for molten salt reactors
- Analyses of global market trends, with data from 2016, 2017, and projections of compound annual growth rates (CAGRs) through 2022
- A look at the various nuclear fuel types of molten salt reactors and the market dynamics of each end-use
- Examination of key trends related to types of nuclear fuel and end-use applications that shape and influence the molten salt reactors industry
- Discussion of opportunities and innovation-driving molten salt reactors market highlights, and the major regions and countries involved in such developments
- Company profiles of the major players of the industry, including Terrestrial Energy Inc., Moltex Energy LLP, ThorCon Power, TerraPower, Flibe Energy and Transatomic Power Corp.

Publisher Name : BCC Research


Chapter 1 Introduction


Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Research Methodology
Intended Audience
Information Sources
Regional Breakdown
Analysts Credentials
BCC Custom Research
Related BCC Research Reports


Chapter 2 Summary and Highlights


Chapter 3 Market and Technology Background


Market Definition and the Evolution of Molten Salt Reactors
Future Outlook and Expectations
Electricity Production
Electricity Consumption
Countries Producing Electricity from Renewable Resources
Market Dynamics
Drivers
Restraints
Key Developments in the Field of Molten Salt Reactor
Safety and Security
Mass Production
Sustainability of Resources
Produces Less Long-Lived Waste
Quotes by Key Opinion Leaders
Matthew Lish, Senior Dynamicist at Flibe Energy


Chapter 4 Market Breakdown by Nuclear Fuel Type


Introduction
Thorium
Uranium
Plutonium


Chapter 5 Market Breakdown by End Use


Introduction
Power and Energy
Oil and Gas
Shipping
Other Industries


Chapter 6 Market Breakdown by Region


Introduction
North America
Europe
Asia-Pacific
Rest of the World


Chapter 7 Competitive Analysis


Analysis of Market Opportunities
Fluctuation in Wind and Solar Power
Cheaper and Abundant Sources of Energy
Low Carbon Emission
Non-Poisonous and Safer Process
Government Awareness Regarding Pollution and Sustainable Development
Market Share Analysis


Chapter 8 Patent Review/ New Developments


Patent Review by Country


Chapter 9 Company Profiles


COPENHAGEN ATOMICS
Overview
Primary Business
Financials
ENESOON TECHNOLOGY
Overview
Primary Business
Financials
ELYSIUM INDUSTRIES LTD.
Overview
Primary Business
Financials
FLIBE ENERGY, INC.
Overview
Primary Business
Financials
KAIROS POWER LLC
Overview
Primary Business
Financials
Business Strategy
LIGHTBRIDGE CORP.
Overview
Primary Business
Financials
Business Strategies
MAN DIESEL & TURBO SE
Overview
Primary Business
Financials
MOLTEX ENERGY LTD.
Overview
Primary Business
Financials
Business Strategies
SHANGHAI TAIYANG TECHNOLOGY CO., LTD.
Overview
Primary Business
Financials
SICHUAN POTASSIUM CO., LTD.
Overview
Primary Business
Financials
STEENKAMPSKRAAL THORIUM LTD.
Overview
Primary Business
Financials
SEABORG TECHNOLOGIES
Overview
Primary Business
Financials
Development
THORIUM POWER CANADA INC.
Overview
Primary Business
Financials
THORIUM TECH SOLUTION INC.
Overview
Financials
THE SOUTHERN COMPANY
Overview
Primary Business
Financials
Business Strategies
Developments
TERRESTRIAL ENERGY, INC.
Overview
Primary Business
Financials
Business Strategies
Development
TERRAPOWER, LLC
Overview
Primary Business
Financials
Developments
TRANSATOMIC POWER CORP.
Overview
Primary Business
Financials
Developments
THOR ENERGY AS
Overview
Primary Business
Financials
Developments
THORCON POWER
Overview
Financials



List Of Tables


Summary Table : Global Market for Molten Salt Reactors, by Region, Through 2022


Table 1 : Global Market for Thorium, by End Use, Through 2022
Table 2 : Global Market for Thorium, by Region, Through 2022
Table 3 : Global Market for Uranium, by End Use, Through 2022
Table 4 : Global Market for Uranium, by Region, Through 2022
Table 5 : Global Market for Plutonium, by End Use, Through 2022
Table 6 : Global Market for Plutonium, by Region, Through 2022
Table 7 : Global Market for Power and Energy, by Nuclear Fuel Type, Through 2022
Table 8 : Global Market for Power and Energy, by Region, Through 2022
Table 9 : Global Market for Oil and Gas, by Nuclear Fuel Type, Through 2022
Table 10 : Global Market for Oil and Gas, by Region, Through 2022
Table 11 : Global Market for Shipping, by Nuclear Fuel Type, Through 2022
Table 12 : Global Market for Shipping, by Region, Through 2022
Table 13 : Global Market for Other Industries, by Nuclear Fuel Type, Through 2022
Table 14 : Global Market for Other Industries, by Region, Through 2022
Table 15 : Global Market for Molten Salt Reactors, by Region, Through 2022
Table 16 : North American Molten Salt Reactors Market, by Nuclear Fuel Type, Through 2022
Table 17 : North American Molten Salt Reactors Market, by End Use, Through 2022
Table 18 : European Molten Salt Reactors Market, by Nuclear Fuel Type, Through 2022
Table 19 : European Molten Salt Reactors Market, by End Use, Through 2022
Table 20 : Asia-Pacific Molten Salt Reactors Market, by Nuclear Fuel Type, Through 2022
Table 21 : Asia-Pacific Molten Salt Reactors Market, by End Use, Through 2022
Table 22 : RoW Molten Salt Reactors Market, by Nuclear Fuel Type, Through 2022
Table 23 : RoW Molten Salt Reactors Market, by End Use, Through 2022
Table 24 : Market Share Analysis of Molten Salt Reactors, by Company, 2016
Table 25 : Molten Salt Reactor
Table 26 : Molten Salt Reactor
Table 27 : Molten Salt Reactor Core with Reflector
Table 28 : Molten Fuel Reactor Thermal Management Configurations
Table 29 : Molten Fuel Reactor Cooling and Pump Configurations
Table 30 : Heat Pipe Molten Salt Fast Reactor with Stagnant Liquid Core
Table 31 : Molten Fuel Nuclear Reactor with Neutron Reflecting Coolant
Table 32 : Molten Fuel Nuclear Reactor with Neutron Reflecting Coolant
Table 33 : Reactor
Table 34 : Reactor
Table 35 : Vertically-Segmented Nuclear Reactor
Table 36 : Nuclear Fuel Salts
Table 37 : Systems and Methods for Providing a Molten Salt Reactor
Table 38 : Systems and Methods for Providing a Molten Salt Reactor
Table 39 : Corrosion Reduction in a Molten Salt Reactor
Table 40 : Froth Separation in a Molten Salt Reactor
Table 41 : Salt Compositions for Molten Salt Reactors
Table 42 : In Situ Probe for Measurement of Liquids Temperature in a Molten Salt Reactor
Table 43 : Electrochemical Ion Separation in Molten Salts
Table 44 : Compact Molten Salt Reactor
Table 45 : Molten Salt Nuclear Reactor
Table 46 : Corrosion Reduction in a Molten Salt Reactor
Table 47 : Salt Compositions for Molten Salt Reactors
Table 48 : Froth Separation in a Molten Salt Reactor
Table 49 : Control of Corrosion by Molten Salts
Table 50 : Method for Operating a Molten Salt Nuclear Reactor
Table 51 : A System and a Method for Providing a Molten Salt Reactor
Table 52 : Induction Molten Salt Heat Transfer System
Table 53 : Rectangular Nuclear Reactor Core
Table 54 : Passive Cooling of Fission Reactor
Table 55 : Molten Salt Fission Reactor
Table 56 : Fission Reaction Control in a Molten Salt Reactor
Table 57 : Compact Size Molten Salt Reactor
Table 58 : Chemical Optimization in a Molten Salt Reactor
Table 59 : Reactivity Control in a Molten Salt Reactor
Table 60 : Fission Reaction Control in a Molten Salt Reactor
Table 61 : Reactivity Control in A Molten Salt Reactor
Table 62 : Chemical Optimization in a Molten Salt Reactor
Table 63 : Systems and Methods for Providing a Molten Salt Reactor
Table 64 : Chemical Optimization in a Molten Salt Reactor
Table 65 : Molten Salt Reactor
Table 66 : Controlling Reactivity in Molten Salt Reactors
Table 67 : Froth Separation in a Molten Salt Reactor
Table 68 : Heat Removal System for a Molten Salt Reactor System
Table 69 : Heat Pipe Molten Salt Fast Reactor with Stagnant Liquid Core
Table 70 : Molten Nuclear Fuel Salts and Related Systems and Methods
Table 71 : Developments in Lightbridge Corporation
Table 72 : Development of Moltex Energy Ltd.
Table 73 : Development in Seaborg Technologies
Table 74 : Developments in The Southern Company
Table 75 : Development of Terrestrial Energy, Inc.
Table 76 : Developments in TerraPower, LLC
Table 77 : Developments in Transatomic Power Corp.
Table 78 : Developments in Thor Energy AS



List Of Figures


Summary Figure : Global Market for Molten Salt Reactors, by Region, 2016-2022


Figure 1 : Molten Reactor Plant Internal Structure, Type 1
Figure 2 : Molten Reactor Plant Internal Structure, Type 2
Figure 3 : Molten Reactor Plant Internal Structure, Type 3
Figure 4 : Electricity Production in North America, by Country, 2012-2016
Figure 5 : Electricity Production in Europe, by Country, 2012-2016
Figure 6 : Electricity Production in Asia-Pacific, by Country, 2012-2016
Figure 7 : Electricity Production in Brazil, 2012-2016
Figure 8 : Electricity Consumption in North America, by Country, 2012-2016
Figure 9 : Electricity Consumption in Europe, by Country, 2012-2016
Figure 10 : Electricity Consumption in Asia-Pacific, by Country, 2012-2016
Figure 11 : Electricity Consumption in Brazil, 2012-2016
Figure 12 : Maximum Consumption of Renewable Resources (Wind and Solar) for Electricity Generation, by Country, 2015 and 2016
Figure 13 : Global Market for Thorium, by End Use, 2016-2022
Figure 14 : Global Market for Thorium, by Region, 2016-2022
Figure 15 : Global Market for Uranium, by End Use, 2016-2022
Figure 16 : Global Market for Uranium, by Region, 2016-2022
Figure 17 : Global Market for Plutonium, by End Use, 2016-2022
Figure 18 : Global Market for Plutonium, by Region, 2016-2022
Figure 19 : Global Market for Power and Energy, by Nuclear Fuel Type, 2016-2022
Figure 20 : Global Market for Power and Energy, by Region, 2016-2022
Figure 21 : Global Market for Oil and Gas, by Nuclear Fuel Type, 2016-2022
Figure 22 : Global Market for Oil and Gas, by Region, 2016-2022
Figure 23 : Global Market for Shipping, by Nuclear Fuel Type, 2016-2022
Figure 24 : Global Market for Shipping, by Region, 2016-2022
Figure 25 : Global Market for Other Industries, by Nuclear Fuel Type, 2016-2022
Figure 26 : Global Market for Other Industries, by Region, 2016-2022
Figure 27 : Global Market for Molten Salt Reactors, by Region, 2016-2022
Figure 28 : North American Molten Salt Reactors Market, by Nuclear Fuel Type 2016-2022
Figure 29 : North American Molten Salt Reactors Market, by End Use, 2016-2022
Figure 30 : European Molten Salt Reactors Market, by Nuclear Fuel Type, 2016-2022
Figure 31 : European Molten Salt Reactors Market, by End Use, 2016-2022
Figure 32 : Asia-Pacific Molten Salt Reactors Market, by Nuclear Fuel Type, 2016-2022
Figure 33 : Asia-Pacific Molten Salt Reactors Market, by End Use, 2016-2022
Figure 34 : RoW Molten Salt Reactors Market, by Nuclear Fuel Type, 2016-2022
Figure 35 : RoW Molten Salt Reactors Market, by End Use, 2016-2022
Figure 36 : Patent Share for Molten Salt Reactor, by Region, 2015-2017
Figure 37 : Patent Share for Molten Salt Reactor, by Year, 2013-2017



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