Market Overview:

This report presents an extensive evaluation of the North America Small Modular Reactor Market, focusing on historical data from 2018 to 2021 while offering detailed forecasts for the period between 2023 to 2028. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.

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Table of Contents (North America Small Modular Reactor Market)

  1. Executive Summary
  2. Market Definition & Research Methodology
  3. Market Dynamics: Drivers, Challenge, Trend and Opportunities
  4. Segment Analysis and Geographical Breakdown
  5. Competitive Landscape & Strategic Initiatives
  6. Regulatory Environment & Policy Factors
  7. Growth Forecast Model (2023–2028)
  8. Appendix: Company Profiles, Data Sources, Methodology

What’s covered in the report?

Market Key Driver:

Increasing Government Inclination Toward Production of Low-carbon Electricity – The rising global warming has been a matter of concern for all countries across the globe. The government of all North American countries has been focusing on several alternative ways to reduce the utilization of fossil fuel to generate electricity. The production of energy through nuclear power plants has been one of the leading sources for decrease in the consumption of fossil fuels but traditional nuclear reactor designed as large, single-unit installations requires immense capital and space.

Small modular reactor provides a way for these limitation in the traditional nuclear reactor as the SMR are built as smaller, self-contained units comprising less cost. Therefore, the growing need for the production of low-carbon electricity generation would augment the demand for installation of the SMR in the region, leading to the growth in the North America Small Modular Reactor Market in the upcoming period.

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Leading players of North America Small Modular Reactor Market including:

  • Terrestrial Energy Inc.
  • Candu Energy Inc (SNCLavalin Group)
  • Westinghouse Electric Company LLC
  • NuScale Power
  • Moltex Energy
  • GE Hitachi Nuclear Energy 
  • X-energy
  • Holtec International
  • General Atomics
  • Ultra Safe Nuclear
  • ARC Nuclear Canada, Inc.
  • Others

North America Small Modular Reactor Market Segmentation:

By Type

  • Heavy Water Reactor (HWR)
  • Light Water Reactor (LWR)
  • Fast Neutron Reactor (FNR)
  • Others (Molten Salt Reactor (MSR), High Temperature Reactors (HTR), etc.)

By Applications

  • Power Generation
  • Process Heat
  • Water Desalination
  • Other (Hydrogen Production)

During the forecast period, the demand for small modular reactors is estimated to grow considerably for power generation purposes due to increased demand for electricity among industries such as oil & gas, manufacturing, chemical, etc.

By Country

  • The US
  • Canada
  • Mexico

The US is estimated to hold a significant share of the North America Small Modular market owing to the growing research & development for technological advancement & establishment of SMR in the country.

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Key Highlights of MarkNtel Advisors' Research Methodology

  • MarkNtel Advisors uses a robust methodology for accurate market analysis.
  • Research objectives are clearly defined with tailored methodologies for clients.
  • A representative sample is selected to ensure reliable data collection.
  • Data analysis includes cleaning, statistical evaluations, and validation checks.
  • Predictive modeling forecasts trends, and reports include strategic recommendations.

About MarkNtel Advisors:

We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.

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