Process heat

The Worldwide Small Modular Reactor Industry is Expected to Reach $11.3 Billion by 2026 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, September 15, 2021

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.

Key Points: 
  • 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.

Small Modular Reactor Market Worth $11.3 Billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 3, 2021

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.

Key Points: 
  • 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 light-water reactor segment is expected to dominate the small modular market, by reactor type, during the forecast period.

Small Modular Reactor Market Worth $11.3 Billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 3, 2021

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.

Key Points: 
  • 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 light-water reactor segment is expected to dominate the small modular market, by reactor type, during the forecast period.