Small Modular Reactors Market by Size, Share, Forecasts, & Trends Analysis
Meticulous Research®, a prominent global market research firm, released a report titled ‘ Small Modular Reactors Market by Type, Coolant, Deployment Mode, Fuel Type, Application, and Geography — Global Forecast to 2030.’ According to this publication, the small modular reactors (SMRs) market is anticipated to achieve $6.14 billion by 2030, with a projected compound annual growth rate (CAGR) of 2.4% throughout the forecast period. Factors contributing to market expansion include increased adoption of SMRs for power generation, governmental efforts towards decarbonization, and growing demand for reliable nuclear power solutions. However, stringent regulatory frameworks pertaining to SMR deployment pose challenges to market growth. Nonetheless, opportunities are anticipated due to heightened focus on achieving net zero emissions and advancing decarbonization in the energy sector. Despite these prospects, the absence of standardized licensing procedures remains a significant hur...