About Small Modular Reactors (SMRs)
Small modular reactors are type of nuclear fission reactors that are smaller than conventional nuclear reactors and typically have an electrical power output of less than 300 MWₑ or a thermal power output of less than 1000 MW. They are designed to be manufactured at a plant and transported to a site to be installed
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The players are trying to develop Gen III SMRs and grid-scale reactors and look to the future and support the development of Gen IV reactors salt design can not only help achieve net zero carbon, but it can also help to reduce nuclear waste. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Electric-Hitachi Nuclear Energy (United States), Moltex Energy (Canada), NuScale Power (United States), Terrestrial Energy (Canada), Westinghouse Electric (United States), Afrikantov OKB Mechanical Engineering (Russia) and China National Nuclear Corporation (China) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Small Modular Reactors (SMRs) market by Type (Thermal-neutron Reactors and Fast-neutron Reactors), Application (Large Vessels, Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Small Modular Reactors (SMRs) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by , the sub-segment i.e. will boost the Small Modular Reactors (SMRs) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Small Modular Reactors (SMRs) Market Dynamics:
- Increasing Preference towards the Small Modular to Produce Huge Amount of Energy
- Increasing Innovation in the safety features and Development of smaller reactors
- Increased Focus on the Development of High Efficiency reactors
- High Cost Associated Fast reactors with Components & land Issues May Hamper the Growth
|Road Blocks / Challenges|
- Lack of availability of development of Gen reactors
|Gaps & Opportunities|
- Technological Advancements in Small Modular Reactor Development of Emerging Players
- Increasing Government Initiatives and Funding for the Development and Installation of Small Modular Reactor
On 13th April 2022, Moltex Energy Canada Inc and SNC-Lavalin Group are pleased to announce a strategic partnership to advance clean nuclear energy. SNC-Lavalin, a fully integrated professional services and project management company with offices around the world, will support the development and deployment of Moltex's innovative nuclear technologies. Canada and the world will need to explore all nuclear technology options to meet net zero commitments. Given the scale of the challenge, it is important that we work on the deployment of Gen III SMRs and grid-scale reactors and look to the future and support the development of Gen IV reactors. Moltex's unique Gen IV molten salt design can not only help achieve net zero carbon, but it can also help to reduce nuclear waste
Key Target AudienceRegulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.