Small Modular Reactors market valued at $ 11.3 Billion by 2026

CHICAGO, September 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 ™, Small Modular Reactor Market Is Expected To Enter Market $ 11.3 billion by 2026. The market size for small modular reactors will be on $ 11.3 billion until 2026 (forecast year) $ 9.7 billion in 2021 (estimated year) at a CAGR of 3.2% over the forecast period. The market for small modular reactors has promising growth potential due to the low cost of SMRs due to modularization and factory building. The global market for small modular reactors is driven by the growing need for clean, reliable, and flexible power generation and helps with integration with variable renewable energy.

Download PDF brochure:

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 normal water as a coolant and are the most widespread type because they have the lowest technological risks. Light water reactors are the most widely used SMR technology due to its high technological maturity and ease of licensing as regulators and developers are familiar with this technology. These factors are expected to drive the market for this segment over the forecast period.

Search the full table of contents for the “Small Modular Reactors Market”

135 – tables
43 – figures
213 pages

You can find a detailed table of contents here:

The multi-module power plant segment is expected to be the fastest growing market for small modular reactors in the forecast period after provision.

The segment of multi-module power plants after the provision of the market for small modular reactors is expected to grow the fastest in the forecast period. The growth of this segment will be driven by the simple financing of additional units of SMRs, resulting in savings in serial production. The SMR system can be supplemented with additional modules, which reduces up-front investment and capital risks, resulting in lower financial costs. In addition, multi-module power plants help avoid long downtimes through unit-by-unit maintenance and enable staggered refueling.

Asia Pacific likely to become the largest market for small modular reactors

In this report, Small Modular Reactors Market has been analyzed for four regions namely America, Europe, Asia Pacific, and middle East & Africa. The growth of the Asia Pacific Market is driven by increasing investments for the use of SMRs in countries such as China and Japan. For example in China, Various SMR designs, such as the CAP200, ACP100, ACPR50S, and HTR-PM, are being developed for land and marine use. In addition, the increase in opportunities for the use of SMRs in areas with isolated and small grid systems, such as coastal, island and offshore areas, is expected to fuel the growth of the small modular reactor market in that region.

Talk to an Analyst:

To allow for an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Small Modular Reactors market.

Some of the main players are General Electric-Hitachi Nuclear Energy (USA), Moltex Energy (Canada), NuScale Power (USA), Terrestrial Energy (Canada) and Westinghouse Electric (USA). The leading players are pursuing various strategies to increase their share of the Small Modular Reactors market.

Browse Neighboring Markets: Energy and Power Market Research Reports and Advice

Browse related reports:

Nuclear Decommissioning Services Market by Reactor Type (PWR, BWR, and GCR), Strategy (Immediate Dismantling, Delayed Dismantling, and Spillage), Capacity (up to 800 MW, 801 MW – 1,000 MW, and Over 1,000 MW), and Region – Global Forecast to 2021

Nuclear Power Plants and Equipment Market by Reactor Type (PWR, PHWR, BWR, HTGR, FBR, etc.), By Equipment Type (island and auxiliary equipment), and Geography – Global Trends and Forecasts to 2019

About MarketsandMarkets ™

MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth niche opportunities / threats that will affect 70% to 80% of companies’ global revenue. It currently serves 7,500 customers worldwide, including 80% of the global Fortune 1000 companies as customers. Nearly 75,000 top officials from eight industries worldwide turn to MarketsandMarkets ™ because of their difficulty in making sales decisions.

Our 850 full-time analysts and SMEs at MarketsandMarkets ™ follow global growth markets according to the “Growth Engagement Model – GEM”. The GEM aims to proactively work with customers to identify new opportunities, identify key customers, write strategies to attack, avoid, and defend, and identify sources of additional revenue for both the company and its competitors. MarketsandMarkets ™ now offers 1,500 MicroQuadrants (positioning of top players from leading companies, emerging companies, innovators and strategic players) annually in high-growth emerging segments. MarketsandMarkets ™ is determined to assist more than 10,000 companies with their revenue planning this year and to help them get their innovations / disruptions to market early by providing them with predictive research.

MarketsandMarkets’ flagship platform for competitive intelligence and market research, Knowledge Store, connects over 200,000 markets and entire value chains to provide a deeper understanding of unprecedented insights along with market sizes and niche market forecasts.

Mr. Aashish Mehra
MarketsandMarkets ™ INC.
630 Dundee Street
Suite 430
Northbrook, IL 60062
United States of America: + 1-888-600-6441
E-mail: [email protected]
Research Insight:
Visit our website:
Content source:

SOURCE MarketsandMarkets

Comments are closed.