Small Modular Reactor Market Size to Grow $11.3 billion by 2026 | General Electric-Hitachi Nuclear Energy, Moltex Energy, NuScale Power, Terrestrial Energy, Westinghouse - MarketWatch - 0 views
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Almira Coyne on 13 Sep 21According to the new market research report "Small Modular Reactor Market by Reactor (HWR, LWR, HTR, FNR, MSR), Deployment (Single, Multi), Connectivity (Grid, Off-grid), Location (Land, Marine), Application (Power Generation, Desalination, Process Heat), and Region - Global Forecast to 2026" The small modular Reactor market is projected to reach USD 11.3 billion by 2026. The small modular Reactor market size will grow to USD 11.3 billion by 2026 (forecasted year) from USD 9.7 billion in 2021 (estimated year), at a CAGR of 3.2% during the forecast period. The small modular Reactor market has promising growth potential due to the low cost of SMRs due to modularization and factory construction. The global small modular Reactor market is driven by the growing need for clean, reliable and flexible power generation and helps in integration with variable renewable energy.