North America Small Modular Reactor Market Dynamics – Driver, Segment & Competition FY2028 - Australia News Network , Free Guest Posting Sites, Article Submission Sites

Overview of the North America Small Modular Reactor Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “North America Small Modular Reactor Market By Type (Heavy Water Reactor [HWR], Light Water Reactor [LWR], Fast Neutron Reactor [FNR], Others), By Applications (Power Generation, Process Heat, Water Desalination, Other), The North America Small Modular Reactor Market size is projected to grow at a CAGR of around 14% during the forecast period, i.e., 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

North America Small Modular Reactor Market Growth and Scope:

Base Year: 2022

Forecast Period: 2023-28

Historical Data: 2018-21

CAGR (2023-2028): 14%

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North America Small Modular Reactor Market Opportunity:

Conversion of Coal-based Power Plant to Nuclear Power Plant – Coal has been one of the leading sources of generating electricity in the North American region & has been a prime contributor to greenhouse gas emissions, particularly carbon dioxide (CO2). In order to limit the emission, the government is taking several initiatives to switch over to renewable sources, providing an opportunity to install a small modular reactor.

In 2022, the US Department of Energy announced to convert nearly 157 retired coal plants & 237 operating coal plant sites to nuclear power & help the country reach its net-zero emissions goals by 2050. It also announced that among the retired or active plant locations, 80% were suited to host advanced reactors smaller than the gigawatt scale. Thus, the conversion of coal-based power plants into small-sized nuclear power plants would provide an opportunity to expand the North America Small Modular Reactor Market in the coming years.

A Comprehensive Analysis of Leading Companies of North America Small Modular Reactor Market by MarkNtel Advisors:

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

Key North America Small Modular Reactor Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/north-america-small-modular-reactor-market.html

-By Type

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

Light Water Reactor (LWR) installation is expected to increase in the coming years across the North America Small Modular Reactor Market due to its simple & economical techniques for production & application as compared with other types of reactors.

-By Application

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.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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