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The Global Small Modular Reactor Market size was valued at USD 4.57 Billion in 2019 and is anticipated to reach USD 10.42 Billion by 2027 at a CAGR of 11.9%. Small modular reactors are witnessing an increased demand owing to their ability to meet the flexible power generation for a variety of applications and replace aging fossil fuel-fired power plants. The small modular reactor has low investment costs as compared to other traditional nuclear plants.

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