CHICAGO, Sept. 3, 2021 /PRNewswire/ — According to the new market 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, Process Heat), and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Small Modular Reactor Market is projected to reach USD 11.3 billion by 2026. The Small Modular Reactor Market size will grow to USD 11.3 billion by 2026 (forecasted year) from USD 9.7 billion in 2021 (estimated year), at a CAGR of 3.2% 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
The light-water reactor segment is expected to dominate the small modular market, by reactor type, during the forecast period.
The light-water reactors use ordinary water as a coolant and are the most widely adopted type, as these have the lowest technological risks. Light-water reactor is the most commonly adopted SMR technology owing to the high degree of technological readiness and ease of licensing, as regulators and developers are familiar with this technology. These factors are expected to drive the market for this segment during the forecast period.
Browse in-depth TOC on “Small Modular Reactor Market”
135 – Tables
43 – Figures
213 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/small-modular-reactor-market-5001546.html
The multi-module power plant segment is expected to be the fastest growing Small Modular Reactor Market, by deployment, during the forecast period.
The multi-module power plant segment, by deployment, of Small Modular Reactor Market is estimated to grow at the fastest rate during the forecast period. The growth of this segment is driven by the ease of financing additional units of SMRs, leading to the economies of series production. Additional modules can be added to the SMR plant, which helps in reducing upfront investments and capital risks, resulting in lower financial costs. In addition, multi-module power plants help avoid long outage periods through unit-by-unit maintenance and allow for staggered refueling.
Asia Pacific likely to emerge as the largest Small Modular Reactor Market
In this report, the Small Modular Reactor Market has been analyzed for four regions, namely, Americas, Europe, Asia Pacific, and Middle East & Africa. The growth of the Asia Pacific market is driven by the increasing investments for the deployment of SMRs in countries such as China and Japan. For instance, in China, various SMRs designs, such as the CAP200, the ACP100, the ACPR50S, and the HTR-PM, are being developed for land and marine deployment. Furthermore, the rise in opportunities for deployment of SMRs in areas with isolated and small scale grid systems such as coastal, island, and offshore areas are expected to fuel growth of Small Modular Reactor Market in this region.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=5001546
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Small Modular Reactor Market.
Some of the key players are General Electric-Hitachi Nuclear Energy (US), Moltex Energy (Canada), NuScale Power (US), Terrestrial Energy (Canada) and Westinghouse Electric (US). The leading players are adopting various strategies to increase their share in the Small Modular Reactor Market.
Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting
Browse Related Reports:
Nuclear Decommissioning Services Market by Reactor Type (PWR, BWR, & GCR), Strategy (Immediate Dismantling, Deferred Dismantling, and Entombment), Capacity (Up to 800 MW, 801 MW-1,000 MW, and Above 1,000 MW), and Region – Global Forecast to 2021
Nuclear Power Plant and Equipment Market by Reactor Type (PWR, PHWR, BWR, HTGR, FBR etc.), by Equipment Type (Island Equipment and Auxiliary Equipment) & Geography – Global Trends & Forecast to 2019
https://www.marketsandmarkets.com/Market-Reports/nuclear-power-equipment-market-3844928.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/small-modular-reactor-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/small-modular-reactor.asp
SOURCE MarketsandMarkets
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.
