Small Modular Reactor Market by Reactor Type [Heavy Water Reactor (HWR), Light Water Reactor (LWR), Fast Neutron Reactor (FNR), and Others], and Application (Desalination, Power Generation, and Process Heat): Global Opportunity Analysis and Industry Forecast, 2021-2030

Update Available On-Demand

According to leading CXOs, there is still a long time for commercial deployment of small modular reactors. In fact, the first SMR could be deployed as late as 2025. Globally, electricity is to be made from clean sources and nuclear energy can be used in remote locations using a SMR. Currently, there are various designs for SMR. Slower building time and small size are some of the salient features of a SMR. These designs operate by a modular nature and allows coexistence with renewables and fossil fuels and production of end products such as thermal energy. Even though modular components of SMR solutions help in reducing costs and minimizing production time, financial capability is also important in case of the small modular reactor market.