Small Modular Reactor Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Small Modular Reactor Market Overview 2030
The global small modular reactor market was valued at $3.5 Billion in 2020, and is projected to reach $18.8 Billion by 2030, growing at a CAGR of 15.8%. Small modular reactors (SMRs) are defined as nuclear reactors having a power output of less than 300MWe. A major advantage of SMRs are its small size and shorter construction times compared to traditional bulk nuclear reactors. As a SMR is fully built in a factory using module fabrication, high production rate can be achieved. SMRs are still in the design phase. In fact, only three SMRs are currently in the advanced regulatory phase: NuScale's Power Module, GE-Hitachi's BWRX 300, and Terrestrial Energy's Integral Molten Salt Reactor. SMRs can be made to operate underground or as a floating nuclear power unit. Modular reactors are primarily used for electricity generation; however, it is also used in seawater desalination and process heating. SMR designs promises an affordable, safe, viable, and non-greenhouse gas emitting energy.

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Small Modular Reactor market, by region
U.S. accounted for the largest share of the small modular reactor market size in 2020 as well is the fastest growing region, owing to presence of well-established SMR manufacturers such as NuScale Power and General Electric.

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Small Modular Reactor Market Reactor Type
• Heavy Water Reactor (HWR)
• Light Water Reactor (LWR)
• High Temperature Gas Reactor (HTR)
• Fast Neutron Reactor (FNR)
• Molten Salt Reactor (MSR)
Small Modular Reactor Market by Application
• Desalination
• Power Generation
• Process Heat
Small Modular Reactor Market by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o UK
o Russia
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Argentina
o GCC
o Rest of LAMEA

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