South Korea Small Modular Reactor Market to be dominated by Off-grid connectivity till 2027
High-end investments by government and market players and growing electricity demand and are expected to drive the demand of the South Korea small modular reactor market in the forecast period, 2023-2027. According to TechSci Research report, “ South Korea Small Modular Reactor Market By Reactor Type (Heavy Water Reactor, Light Water Reactor, Fast Neutron Reactor, Others), By Deployment (Single, Multi), By Connectivity (Grid, Off-grid), By Location (Land, Marine), By Application (Power Generation, Desalination, Process Heat), By Region, Competition Forecast & Opportunities, 2027” , the South Korea commercial is expected to grow with a double-digit CAGR in the forecast period, 2023-2027. A small modular reactor produces 5% lower electrical output than a conventional nuclear plant, and this reactor is submerged in a pool of water and, therefore, is considered safer than conventional reactors. They are considered cost-effective as the vital components can be made at ...