Small Modular Reactors Market Size Forecasts: Share Trends and Analysis

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

2. Global Small Modular Reactors Market – 2023-2030 Meticulous Research®—a prominent global market research company—has announced a comprehensive 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.’ Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5512 The latest report from Meticulous Research® forecasts that the small modular reactors (SMRs) market will reach $6.14 billion by 2030, growing at a CAGR of 2.4% during the forecast period. This growth is fueled by the increasing adoption of SMRs for power generation, expanding government initiatives focused on decarbonization, and the rising demand for reliable and adaptable nuclear power. Nonetheless, the market faces challenges due to stringent regulatory policies and standards. The growing emphasis on achieving net zero emissions and advancing decarbonization efforts is anticipated to present new growth opportunities. However, the absence of a standardized licensing process remains a significant hurdle for market players. The prevailing market trend is an increasing demand for clean and dependable energy sources. The report segments the market by reactor type, coolant type, deployment mode, fuel type, application, and geography. This segmentation enables a detailed analysis of industry competitors and market dynamics at regional and country levels. Reactor types include 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 expected to dominate the market in 2024, holding the largest market share. This is due to their efficiency in generating energy from water and their dual role as a moderator and coolant. The light-water reactors segment is also projected to have the highest CAGR during the forecast period. In terms of coolant types, the water segment is anticipated to lead the market in 2024. Water is essential for transferring heat from the reactor core to steam turbines and maintaining manageable core pressures. This segment is projected to experience the highest CAGR during the forecast period. For deployment modes, land-based SMR deployments are forecasted to be the largest segment in 2024, attributed to their safety, security, and lower maintenance costs. On the other hand, marine-based deployments are expected to register the highest CAGR, driven by the need for affordable, carbon-free energy and cleaner, more flexible solutions. Regarding fuel types, uranium is expected to dominate the market in 2024. The demand for uranium is driven by its ability to generate large-scale low-carbon electricity and its role in nuclear fission. This segment is also projected to achieve the highest CAGR during the forecast period. The application segment forecasts that power generation will lead in 2024, driven by the need for substantial amounts of carbon-free electricity, low fuel costs, and improved efficiency. The power generation segment is also expected to grow at the highest CAGR during the forecast period. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Small Modular Reactors Market – 2023-2030 Geographically, Asia-Pacific is anticipated to hold the largest share of the small modular reactors market in 2024, followed by Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific’s significant market share is attributed to the presence of key SMR players, increased deployments in coastal and offshore areas, and a growing demand for low-carbon, reliable, and flexible power solutions. This region is also expected to register 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.). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/small-modular-reactors-market-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? • 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 2 of 3 © Meticulous Research| sales@meticulousresearch.com

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