Global Small Modular Reactor Market report from Global Insight Services is the single authoritative source of intelligence on Small Modular Reactor Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Small modular reactors (SMRs) are a type of nuclear fission reactor which are smaller than conventional reactors, and can be manufactured at a plant and brought to a site to be assembled. SMRs can provide power to remote locations or act as a peaking power plant.
SMRs typically have a capacity of 300 MW or less, compared to the 3,000 MW plus reactors used in nuclear power plants. This allows them to be built in modules which can be transported by road or rail to the site. This also reduces the amount of on-site construction required, and the risk of construction delays and cost overruns.
Key Trends
There are several key trends in SMR technology:
1. Smaller size: SMRs are much smaller than traditional nuclear reactors, which makes them more flexible and easier to deploy.
2. Modular design: SMRs are designed in modular units that can be combined to create a larger reactor. This makes them easier to construct and allows for a more efficient use of resources.
3. Enhanced safety: SMRs have enhanced safety features that make them safer than traditional nuclear reactors.
4. Reduced cost: SMRs are less expensive to build and operate than traditional nuclear reactors.
5. Clean energy: SMRs produce little to no greenhouse gas emissions, making them a clean energy source.
The development of SMRs is an exciting trend in nuclear technology that has the potential to provide safe, clean, and affordable energy to the world.
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Market Segments
By Reactor Type
- Light-water Reactor
- Heavy-water Reactor
- High-temperature Reactor
- Fast-neutron Reactor
- Molten Salt Reactor
By Grid Connectivity
- On Grid
- Off Grid
Key Players
- NuScale Power
- TerraPower
- Transatomic Power
- Oklo Inc.
- Advanced Reactor Concepts
- China National Nuclear Corporation
- Korea Hydro & Nuclear Power
- Rosatom
- Eskom
- Rolls-Royce
- Bechtel
- SNC-Lavalin
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