The Worldwide Small Modular Reactor Industry is Expected to Reach $11.3 Billion by 2026 - ResearchAndMarkets.com
The small modular reactor market is projected to reach USD 11.3 billion by 2026 from an estimated USD 9.7 billion in 2021, at a CAGR of 3.2% during the forecast period.
- The small modular reactor market is projected to reach USD 11.3 billion by 2026 from an estimated USD 9.7 billion in 2021, at a CAGR of 3.2% during the forecast period.
- Most SMRs are designed for remote locations where it is not feasible to site larger nuclear power plants.
- Off-grid SMRs located in remote communities, islands, and mining sites can be used for power generation and other non-electric applications.
- Power generation is expected to dominate the global small modular reactor market between 2021 and 2026 as the power generated by SMRs is expected to be economical compared with other low-carbon alternatives and help reduce carbon emissions and meet new energy demands.