Press release
Small Modular Reactor (SMR) Market Accelerates as Nations Pursue Clean, Reliable, and Decarbonized Power
Small Modular Reactor (SMR) Market
The global Small Modular Reactor (SMR) Market is gaining significant momentum, driven by increasing demand for clean baseload power, replacement of aging coal plants, remote/off-grid energy needs, hydrogen production, and enhanced energy security. SMRs-compact nuclear reactors producing 50-300 MW-offer improved safety, scalability, cost efficiency, and faster deployment compared to traditional nuclear plants. From powering remote mining sites to enabling hydrogen production, district heating, industrial steam, and carbon-free baseload electricity-SMRs represent the next major shift in global nuclear energy.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/74179
Key Takeaways
• Market Size (2024): USD 6.9 Billion
• Forecast (2030): USD 16.1 Billion
• CAGR: 8.9%
• Top Drivers: Carbon neutrality targets, retiring coal fleets, growing hydrogen economy, demand for clean and stable energy, enhanced reactor safety
• Leading Reactor Designs: Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), High-temperature Gas Reactors (HTGR), Fast Neutron Reactors, Liquid Metal Reactors
• Key Players: NuScale Power, Rolls-Royce SMR, GE Hitachi Nuclear Energy, Toshiba, Terrestrial Energy, Rosatom, Westinghouse Electric, Holtec International, X-energy, EDF
Market Story - Why SMRs Are Becoming Essential
Small Modular Reactors offer a safe, scalable, and flexible approach to nuclear energy-meeting rising electricity demands while supporting global decarbonization.
Major Growth Drivers:
1. Global Shift Toward Clean Energy
Governments are moving away from fossil fuels, with SMRs supporting:
• Net-zero goals
• Renewable integration
• Stable grid baseload power
2. Retiring Coal and Fossil Fuel Plants
SMRs can be constructed on existing coal plant sites, repowering:
• Transmission infrastructure
• Skilled workforce
• Industrial clusters
3. High Safety & Modular Design
SMRs offer:
• Passive cooling
• Underground containment
• Reduced meltdown risks
• Lower upfront costs
4. Energy for Remote & Off-Grid Locations
SMRs serve:
• Mining operations
• Arctic and desert regions
• Islands and remote communities
5. Hydrogen & Industrial Heat Applications
SMRs can generate:
• High-temperature steam
• Industrial process heat
• Low-carbon hydrogen
6. Reduced Construction Time
Modular manufacturing enables:
• Factory-built components
• Lower capital cost
• Faster deployment cycles
Market Segmentation & Growth Analysis
By Reactor Type
• PWR (Pressurized Water Reactors)
• BWR (Boiling Water Reactors)
• HTGR (High-Temperature Gas Reactors)
• Fast Neutron Reactors
• Molten Salt Reactors
• Liquid Metal Reactors
By Power Rating
• Up to 100 MW
• 101-200 MW
• 201-300 MW
By Deployment Type
• Single Module Systems
• Multi-module Nuclear Power Plants
By Application
• Electricity Generation
• Hydrogen Production
• Industrial Heat
• Desalination
• District Heating
• Military & Marine Applications (submarines, icebreakers)
By End User
• Utilities & Power Companies
• Industrial Manufacturing
• Defense Sector
• Oil & Gas & Mining
• Government & Public Infrastructure
By Region
• North America - Early SMR approvals; strong decarbonization policy
• Europe - Large investments in SMR deployment for coal replacement
• Asia Pacific - Fastest-growing nuclear modernization programs
• Middle East - Clean energy diversification initiatives
• Latin America - Remote site energy demand and grid expansion
Explore Full Report here: https://exactitudeconsultancy.com/reports/74179/small-modular-reactor-market
Recent Developments
• NuScale received regulatory approval for commercial SMR deployment in the U.S.
• Rolls-Royce SMR secured funding for its first factory-built SMR assembly line in the U.K.
• GE Hitachi advanced its BWRX-300 design with multiple international partnerships.
• Rosatom launched floating SMR projects for Arctic and remote industrial zones.
• X-energy expanded its Xe-100 HTGR reactor design for industrial heat and hydrogen.
• Holtec International progressed with its SMR-160 reactor deployment roadmap.
Expert Comment (Exactitude Consultancy)
"Small Modular Reactors are redefining the future of clean, reliable energy. With global decarbonization efforts accelerating, SMRs offer the flexibility, safety, and cost-efficiency required for modern power systems."
- Irfan Tamboli, Business Development Executive, Exactitude Consultancy
Conclusion
The Small Modular Reactor Market is set for rapid long-term growth as countries diversify energy portfolios, replace coal plants, and pursue carbon-free industrialization. With advancements in modular construction, safety engineering, and hybrid energy applications, SMRs are positioned to become a cornerstone of the global clean energy transition.
This report is also available in the following languages : Japanese (小型モジュール炉市場), Korean (소형 모듈형 원자로 시장), Chinese (小型模块化反应堆市场), French (Marché des petits réacteurs modulaires), German (Markt für kleine modulare Reaktoren), and Italian (Mercato dei piccoli reattori modulari), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @ https://exactitudeconsultancy.com/request-sample/74179
Related Reports
Ammonia Cracking Membrane Reactor Market
https://exactitudeconsultancy.com/reports/74971/ammonia-cracking-membrane-reactor-market
Global Line Reactor Market
https://exactitudeconsultancy.com/reports/60431/global-line-reactor-market
Global Fixed Bed Reactor Market
https://exactitudeconsultancy.com/reports/60692/global-fixed-bed-reactor-market
Laboratory Pressure Reactor Market
https://exactitudeconsultancy.com/reports/67132/laboratory-pressure-reactor-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
https://bulletin.exactitudeconsultancy.com/
https://www.thehealthanalytics.com/
https://www.analytica.global/
https://www.marketintelligencedata.com/
https://www.marketinsightsreports.com/
https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Small Modular Reactor (SMR) Market Accelerates as Nations Pursue Clean, Reliable, and Decarbonized Power here
News-ID: 4297042 • Views: …
More Releases from Exactitude Consultancy
Photoelectric Sensor Market Grows as Industrial Automation, Robotics, and Smart …
Pune, India - Exactitude Consultancy - December 2025
The global Photoelectric Sensor Market is expanding rapidly, driven by the rise of Industry 4.0, growth in automated production lines, increasing adoption of robots, smart warehouses, precision packaging, and safety systems. Photoelectric sensors-known for their fast response, long sensing ranges, reliability, and low maintenance-are becoming one of the most essential components in modern industrial automation. From high-speed conveyors and robotic arms to smart…
Electronic Toll Collection Market Accelerates as Governments Adopt Cashless, Con …
Pune, India - Exactitude Consultancy - December 2025
The global Electronic Toll Collection (ETC) Market is expanding rapidly, driven by the global shift toward smart mobility, expressway digitalization, congestion reduction, and seamless toll payment solutions. ETC systems-using RFID, DSRC, ANPR, GNSS/GPS, and cloud-based platforms-enable fast, non-stop tolling, reducing traffic congestion and fuel consumption while improving toll collection efficiency for governments. From RFID-based FASTag systems in India to GPS/GNSS tolling in Europe…
Free Space Optics (FSO) Communication Market Surges as Demand for Ultra-Fast, Li …
Pune, India - Exactitude Consultancy - December 2025
The global Free Space Optics (FSO) Communication Market is experiencing accelerated growth, driven by the need for high-speed data transmission, rapid deployment of 5G/6G networks, last-mile connectivity solutions, and cost-efficient enterprise communication systems. With fiber-like speeds, zero spectrum charges, and no need for physical cables, FSO systems are becoming a preferred alternative to traditional RF and optical fiber networks-especially in urban, defense, and…
Free Space Optics (FSO) Communication Market Surges as Demand for Ultra-Fast, Li …
Pune, India - Exactitude Consultancy - December 2025
The global Free Space Optics (FSO) Communication Market is experiencing accelerated growth, driven by the need for high-speed data transmission, rapid deployment of 5G/6G networks, last-mile connectivity solutions, and cost-efficient enterprise communication systems. With fiber-like speeds, zero spectrum charges, and no need for physical cables, FSO systems are becoming a preferred alternative to traditional RF and optical fiber networks-especially in urban, defense, and…
More Releases for Reactor
Stirred Autoclave Reactor Market Report 2025
Global Info Research's report offers an in-depth look into the current and future trends in Stirred Autoclave Reactor, making it an invaluable resource for businesses involved in the sector. This data will help companies make informed decisions on research and development, product design, and marketing strategies. It also provides insights into Stirred Autoclave Reactor' cost structure, raw material sources, and production processes. Additionally, it offers an understanding of the regulations…
Emerging Trends to Reshape the Small Modular Reactor Market: Advances In Small M …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Second Opinion Tele-Radiology App Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market valuation for second opinion teleradiology applications has seen substantial expansion lately, projected to ascend from $1.29 billion in 2024 to $1.51 billion the subsequent year, reflecting a compound annual growth rate…
Top Trends Transforming the Small Modular Reactor Market Landscape in 2025: Adva …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts
What Will the Small Modular Reactor Industry Market Size Be by 2025?
The market size of small modular reactors has seen a significant expansion in the past few years. Its growth is projected to rise from $0.27 billion in 2024 to $0.67 billion in 2025, with a compound annual…
Prominent Small Modular Reactor Market Trend for 2025: Advances In Small Modular …
What Are the Projected Growth and Market Size Trends for the Small Modular Reactor Market?
The small modular reactor market has grown exponentially in recent years. It will rise from $0.27 billion in 2024 to $0.67 billion in 2025, at a CAGR of 152.1%. The growth is driven by concerns over energy security, regulatory support, increasing electricity demand, the need for carbon emission reduction, and the desire for decentralized power generation.
The…
Variable Shunt Reactor Market 2021 | Detailed Report
Variable Shunt Reactor Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027.
Get Free Sample PDF (including full TOC, Tables and Figures) of Variable Shunt Reactor Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4963736
The report provides a comprehensive analysis of company profiles listed below:
- ABB
- Siemens
- Crompton Greaves
-…
Nuclear Reactor Market
Construction of new nuclear across the globe is one of the primary reasons behind the accelerating growth of the global nuclear reactor market, states TMR Research in a new research report. The report is titled, “Nuclear Reactor Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”
Click on the link below to request a sample copy of the report
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=335
The worldwide market for nuclear reactors is…
