Market Insights: Small Modular Reactors - Size, Share, Trends, and Forecasts

1. Small Modular Reactors Market to be Worth $6.14 Billion by 2030

2. Global Small Modular Reactors Market – 2023-2030 Comprehensive Overview Meticulous Research®, a premier global market research firm, has released a detailed report titled ‘Small Modular Reactors Market by Type (Light-water Reactors, High-temperature Reactors), Coolant (Water, Liquid Lead), Deployment Mode, Fuel Type (Uranium), Application (Power Generation, Desalination) and Geography — Global Forecast to 2030.’ According to the report, the small modular reactors (SMRs) market is anticipated to reach $6.14 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.4% during the forecast period. The report highlights key drivers for this growth, including the increasing adoption of SMRs for power generation, government initiatives focused on decarbonization, and the rising demand for dependable and adaptable nuclear energy solutions. Despite these positive factors, stringent regulatory requirements and standards pose challenges to market expansion. Additionally, the push towards net-zero emissions and decarbonization is expected to offer significant opportunities for market growth. However, the absence of a standardized licensing process remains a major hurdle for market players. The small modular reactors market is segmented based on various factors, including reactor type, coolant type, deployment mode, fuel type, application, and geography. By reactor type, the market includes light-water reactors, heavy-water reactors, high-temperature reactors, fast neutron reactors, molten salt reactors, and fast breeder reactors. Among these, light-water reactors are projected to hold the largest market share in 2024 due to their efficiency in energy generation and dual role as a moderator and coolant. This segment is also expected to experience the highest CAGR during the forecast period. Regarding coolant types, the market is divided into liquid lead, gases, water, and other coolants. The water coolant segment is predicted to dominate the market in 2024, driven by the growing need for water to transfer heat from the reactor core to turbines and to maintain manageable pressures within the core. This segment is also anticipated to register the highest CAGR. The market’s deployment mode is categorized into land-based and marine-based segments. Land- based deployments are expected to lead in market share in 2024, attributed to their safety, security, and lower maintenance costs. Conversely, marine-based deployments are projected to grow at the highest CAGR due to increasing demands for cost-effective, carbon-free energy solutions and safer, more flexible clean energy options. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Small Modular Reactors Market – 2023-2030 In terms of fuel types, uranium is expected to dominate the small modular reactors market in 2024. The significant market share of uranium is due to its capability to provide large-scale, low- carbon electricity and its essential role in nuclear fission within power plants. This segment is also forecasted to experience the highest CAGR. Applications of small modular reactors include power generation, process heat, desalination, and other uses. The power generation segment is expected to lead the market in 2024, driven by the increasing demand for carbon-free electricity, low fuel costs, and the efficiency of power plants. This segment is also anticipated to see the highest CAGR. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest market share in 2024, followed by Europe, North America, Latin America, and the Middle East & Africa. The dominance of Asia-Pacific is attributed to the presence of major players, increasing deployments of SMRs in various regions, integration with renewable energy sources, and rising demand for low-carbon, reliable energy. This region is also projected to experience the highest CAGR during the forecast period. Key Players: The key players operating in the small modular reactors market include Brookfield Asset Management Inc. (Canada), Fluor Corporation (U.S.), General Electric Company (U.S.), Holtec International (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan), Rolls-Royce plc (U.K.), Terrestrial Energy Inc. (Canada), X Energy, LLC (U.S.), Westinghouse Electric Company LLC (U.S.), Kairos Power (U.S.), TerraPower, LLC (U.S.), Toshiba Energy Systems & Solutions Corporation (Japan), ARC Clean Technology, Inc. (Canada), and Leadcold (Sweden), and General Atomics (U.S.). Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5512 Key questions answered in the report- • Which are the high-growth market segments based on type, coolant type, deployment mode, fuel type, application, and geography? • What was the historical market for small modular reactors? • What are the market forecasts and estimates for the period 2024–2030? • What are the major drivers, restraints, opportunities, challenges, and trends in the small modular reactors market? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Small Modular Reactors Market – 2023-2030 • Who are the major players, and what shares do they hold in the small modular reactors market? • How is the competitive landscape in the small modular reactors market? • What are the recent developments in the small modular reactors market? • What are the different strategies adopted by the major players in the small modular reactors market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the small modular reactors market, and how do they compete with the other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com