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The global small modular reactor market size is estimated to be USD 5.8 billion in 2023 and is projected to reach USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. Factors such as the versatile nature of nuclear power and the relative advantages of SMRs such as modularization and factory construction are enabling the growth of the market.

The factors that drive the market growth include versatile nature of nuclear power and modularization of SMRs. SMRs offer the potential for improved economics. Their smaller scale and standardized designs can lead to cost savings in manufacturing, construction, and maintenance. The modular nature of SMRs enables phased deployment, reducing upfront capital costs and allowing for incremental capacity expansion based on demand. According to a latest research, The small modular reactor market is estimated to be USD 5.8 billion in 2023 to USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. Key Market Players The small modular reactor market is dominated by a few globally established players such as Westinghouse Electric Company LLC (US), NuScale Power, LLC. (US), Terrestrial Energy Inc. (Canada), Moltex Energy (Canada), and GE Hitachi Nuclear Energy (US).

In the global pursuit of carbon-free energy, nuclear power is once again emerging as a viable solution. Unlike traditional large nuclear reactors, small modular reactors (SMRs) offer flexibility, safety, and efficiency on a smaller scale. SMR technology is positioning itself as a game-changer in the fight against climate change, offering an attractive option for countries seeking reliable, low-carbon energy. Small modular reactors companies are at the forefront of this movement, pioneering new technologies that could revolutionize how we generate and consume power. Let's explore how these companies are driving the future of clean energy.

A report from the UK's Public Accounts Committee claims that clean-up costs at the Sellafield nuclear reprocessing field have risen by £2.5bn in the last year. Julian Turner analyses the complex decommissioning process and asks why the mammoth project continues to be beset by delays.

Plans in Cumbria to build Europe's largest power plant have been cemented after Toshiba and GDF Suez signed a deal to develop the site. But big questions remain over the design of the plant and the future of the nuclear power industry in the UK.

Bangladesh has signed a framework agreement for Russian cooperation for the country's maiden nuclear plant that it hopes will be installed by 2017 and generate 2,000 MGW power by 2020.

India's relations with Canada Sunday turned a full circle- from one of suspicion and unease to a strategic partnership.

Australia on Tuesday ruled out changing its policy and said it would not supply uranium to India, which is seeking fuel for its nuclear energy programme, a media report said.

Inspired by the promise of vastly increased flight durations, the Russian and American militaries experimented with nuclear powered aircraft for two decades, but the concept never progressed beyond a handful of trials. Lockheed Martin's Skunk Works claims to have the solution in its grasp, unveiling plans for a compact nuclear fusion generator that could power everything from aircraft to naval vessels within ten years.

Researchers in the US are using pioneering technology to create long-lasting, more efficient nuclear batteries. We talk to Patrick J Pinhero, Alan K Wertsching and Jae Wan Kwon of the University of Missouri about pushing the boundaries of betavoltaic electricity generation. The University of Missouri (MU) is pushing boundaries in betavoltaic electricity generation.

It will be decades before the UK Government builds a long-term storage for the country's radioactive nuclear waste; but where is this waste produced, contained, transported and stored in the interim, and just how much of it is there? Via an interactive map, Future Power Technology, provides the answers to these questions.

The Kingdom of Saudi Arabia's long-held ambitions for civil nuclear power have hit the headlines again, partly due to the Trump administration's support. If the kingdom is to succeed, it first has to accept its international obligations, including IAEA monitoring.

Casio Men's AWG100-1A G-Shock Multi-Band Solar Atomic Analog Watch - with price: $ 129.00 - The Casio Men's G-Stun Multi-Group Nuclear Sunlight based Simple Watch #AWG100-1A emphasizes a sensational dark dial face, which comes encased by a tough mineral dial window. Adorning the appearance, stand

A fresh draft proposal that is circulated among the member states of Nuclear Suppliers Group (NSG) in early December could pave the

Donald Trump has made it amply clear that the landmark Iran nuclear deal negotiated by former President Barrack Obama is a 'bad deal'. Recent test-firing of ballistic missiles by Iran lead to a bitter feud between the two countries, ending in sanctions being imposed on companies and individuals related to missile programs in Iran.

US firm Babcock & Wilcox is developing a small modular reactor.

Infotech Enterprises Limited, a leading technology solutions provider, has signed an agreement with Westinghouse Electric Company, the world's pioneering nuclear energy company, for providing engineering services in India.

Eyeing India's $150 billion nuclear pie, a strong US business delegation embarks on a trade mission to the country next week with a promise to keep pushing for easing rules for export of high tech items to India.

India and South Korea will discuss the contours of a bilateral civilian nuclear deal and map out steps to achieve a $30 billion trade when the foreign ministers of the two countries hold talks in Seoul on Friday.

The United States has announced new sanctions against Iran targeted at the country's nuclear and missile programmes, targeting another of its state-controlled banks, more than 20 companies and its Revolutionary Guard Corps.