According to a research report "Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Industrial), Coolant and Region - Global Forecast to 2030" published by MarketsandMarkets, the small modular reactor market size will grow to USD 7.0 billion by 2030 (forecasted year) from USD 5.7 billion in 2022 (estimated year), at a CAGR of 2.7% during the forecast period.
The small modular reactor market has promising growth potential due to the low cost of SMRs due to modularization and factory construction. The global small modular reactor market is driven by the growing need for clean, reliable, and flexible power generation and helps in integration with variable renewable energy.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5001546
Some of the prominent key players are:
GE Hitachi Nuclear Energy (US),
Moltex Energy (Canada),
NuScale Power, LLC. (US),
Terrestrial Energy Inc. (Canada)
Westinghouse Electric Corporation (US) and many more...
The light-water reactor segment is expected to dominate the small modular reactor market, by reactor type, during the forecast period. The light-water reactor segment holds the largest share of the small modular reactor market. Light-water reactor segment is also expected to be the fastest growing and this dominance of the segment can be attributed to the is the most commonly adopted SMR technology owing to factors such as low technological risks and ease of licensing, as regulators and developers are familiar with this technology.
The land segment is expected to be the largest small modular reactor market, by location, during the forecast period. The small modular reactor market, by location, is divided into land and marine, wherein the land segment accounts for a largest share. The potential for the underground deployment of land reactors, enhanced protection from natural hazards, improved seismic capability, and higher thermal efficiencies are a few of the major growth drivers for the land segment. These SMRs also have simpler licensing processes compared with marine SMRs.
[For backstories, see: https://i2mportal.com/search_resource.php?search_value=SMRs#page=1]
Managed & Built by I2M Consulting, LLC | © 2010-
