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Small Modular Reactor The growing need for flexible and affordable power sources and investment by the government in R&D is driving the demand for the market.
VANCOUVER, BC, CANADA, June 27, 2022 /EINPresswire.com/ -- The global Small Modular Reactor (SMR) Market is forecasted to be worth USD 10.42 Billion by 2027, according to a new report by Emergen Research. The growing interest in a small modular reactor is fueled by the need to reduce the impact of capital cost and provide power separate from a large power grid. There is a growing demand for smaller and simpler units for the generation of energy from nuclear power, which is driving the demand for small module reactors.
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
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Some Key Highlights from the Report
In August 2020, the Bill Gates-backed nuclear innovation firm, TerraPower in partnership with GE Hitachi Nuclear Energy launched Natrium, a new small modular reactor system paired with a molten salt storage unit. The product can be used to power 345-megawatt SMR to around 500 megawatts up to five hours. In the integral pressurized water reactor, the primary circuit components are placed inside the reactor pressure vessel, which eliminates the need for primary circuit pipework, which enhances the safety and reliability of the technology. A multi-module plant or power station is composed of multiple nuclear power modules where each module is operated safely independent of each other. The modules are located in a common building structure and can be physically impacted by any event happening at another module due to close proximity and lack of physical barriers.
The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Bechtel Corporation, Holtec International, General Electric Hitachi Nuclear Energy, Toshiba International Corporation, Mitsubishi Heavy Industries Ltd., General Atomics, Rolls Royce Plc, Nuclear Power Corporation of India Limited (NPCIL), China National Nuclear Corporation (CNNC), and Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. (SNERDI), among others.
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For the purpose of this report, Emergen Research has segmented into the global Small Modular Reactor Market on the basis of type, deployment, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027) Pressurized water reactor (PWR) Pressurized heavy water reactor (PHWR) High-temperature reactor (HTR) Fast neutron reactor (FNR) Other (MST, Integral PWR)
Deployment Outlook (Revenue, USD Billion; 2017-2027) Single Module Plant
Application Outlook (Revenue, USD Billion; 2017-2027) Power Generation
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Regional Outlook (Revenue, USD Billion; 2017-2027) North America
Germany UK France BENELUX Rest of Europe Asia Pacific
China Japan South Korea Rest of APAC Latin America
Brazil Rest of LATAM MEA
Saudi Arabia UAE Rest of MEA
Overview of the Small Modular Reactor Market Report: Introduction, Product Scope, Market Overview, and Opportunities Analysis of the Manufacturers with sales, revenue, and price analysis Comprehensive analysis of the competitive landscape Extensive profiling of the key competitors along with their business strategies and market size Regional analysis of the market along with sales, revenue, market share, and global position Country-wise analysis of the market along with types, applications, and manufacturing Strategic recommendations to established players as well as new entrants In-depth analysis of the risks, restraints, and limitations in the Small Modular Reactor industry
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About Us: Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Small Modular Reactor Market Size Worth USD 10.42 Billion by 2027
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