Commentary from Shreyanshi Pandey – Research Analyst, Eninrac
Small modular reactors or SMRs are quickly becoming a global energy game changer. Global countries like China, US and Russia are leading each targeting up to 10 to 15 gigawatts of SMR capacity by 2035 and India is targeting nearly 4.8 gigawatts signaling a strong entry into this emerging market.
SMRs represent a 20 billion dollar opportunity over the next decade driven by clean energy demand and energy security goals. What makes SMR different is flexibility. They can power industrial clusters, remote regions, even off-grid locations where large nuclear plants are not feasible.
With modular construction, faster deployment and passive safety systems, SMRs solve key challenges like high cost, long life, long timelines and sitting constraints. And this isn't just about power, it's about building a domestic nuclear ecosystem under Make in India with export and technology collaborations potential. The big question is will SMR scale across India or remain limited to niche applications? Either way, the opportunity is too large to ignore.
Small Modular Reactors (SMRs) In India - Mapping The $20 Billion Market Opportunity
Why Eninrac's market research report on India’s Small Modular Reactor (SMR) segment is essential for decoding a $20Bn opportunity and identifying high-potential deployment clusters through extensive stakeholder (VoC) insights
