Small modular reactors (SMRs) are well-defined as nuclear reactors having a power output of less than 300MWe. A foremost advantage of SMRs are its small size and shorter construction times associated to traditional bulk nuclear reactors. As a SMR is fully built in a factory utilizing the module fabrication, high production rate can be accomplished. SMRs are still in the design phase. In fact, only three SMRs are presently in the advanced regulatory phase: NuScale’s Power Module, GE-Hitachi’s BWRX 300, and Terrestrial Energy’s Integral Molten Salt Reactor. SMRs can be made to function underground or as a floating nuclear power unit. Modular reactors are commonly used for electricity generation; however, it is also utilized in seawater desalination and procedure heating. SMR designs capacities an affordable, safe, viable, and non-greenhouse gas emitting energy.
According
to the report analysis, ‘Small Modular Reactor Market: Current Analysis and
Forecast (2021-2027)’ states that Small and Medium-sized or
modular reactors are a good option to fulfil the requirement of flexible power
generation for a broader range of users and applications. Small modular
reactors which are deployable either as single or multi-module plant, propose
the possibility to amalgamate the nuclear with alternative sources of energy comprising
renewables. Many Member States are aiming on developing of small modular
reactors which are well-defined as advanced reactors which introduce the
electricity of up to 300 MW per module. These reactors have improved engineered
features, are positioned either as a single or multi-module plant and are
designed to be built in factories and shipped to conveniences for installation
as the demand arises.
There
are about 50 SMR designs and concepts around the globe. Most of them are in several
developmental stages and some are claimed as being near-term deployable. Presently
there are four SMRs in improved stages of construction in Argentina, Russia and
China and countless existing and newcomer nuclear energy countries are
conducting the SMR research and development. The IAEA is synchronizing the
efforts of its Member States to develop SMRs of several types by taking a
systematic method to the identification and development of key allowing
technologies, with the goal to accomplish the competitiveness and dependable
performance of such reactors. The Agency also assistances them address common
infrastructure issues which could simplify the SMRs' deployment. Based on
Reactor Type, the Small Modular Reactor Market is classified into Light-water
Reactor, Heavy-water Reactor, High-temperature Reactor, Fast-neutron Reactor,
Molten Salt Reactor. Light Water Reactors are sub classified into
Pressurized-water Reactor and Boiling-water Reactor. Amongst Reactor Type, the
Light-Water Reactor segment of the market was valued at USD XX billion in 2020
and is probable to reach USD XX billion by 2027 increasing at a CAGR of XX%
from 2021-2027.
For More Information, refer to
below link:-
Global
Small Modular Reactor Market
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