Small Modular Reactor Market is estimated to reach US$ 6.48 billion by 2031 | Major players - Westing House Electric, Nuscale Power, Terrestrial Energy, Moltex Energy.

Market Size and Growth:

The Small Modular Reactor Market size was worth US$ 5.81 billion in 2024 and is estimated to reach US$ 6.48 billion by 2031, growing at a CAGR of 1.6% during the forecast period (2025-2031).

The Small Modular Reactor Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Small Modular Reactor (SMR) Market encompasses the development, manufacturing, and deployment of compact nuclear reactors with enhanced safety, scalability, and lower upfront costs compared to traditional reactors. SMRs are designed for flexible power generation, supporting clean energy transition, remote or decentralized grids, and industrial applications, with growing demand driven by energy security, decarbonization goals, and technological advancements in nuclear energy.

Recent Key Developments of United States:

✅ In November 2025, Oklo Inc. began construction on its Aurora-INL sodium-cooled fast reactor at Idaho National Laboratory, marking the start of the first such SMR project with approval for initial core manufacturing.​

✅ In November 2025, X-energy started building the first U.S. facility dedicated to producing TRISO fuel for its Xe-100 SMRs, supporting deployments at Dow's Seadrift site in Texas and with Energy Northwest in Washington.​

✅ In November 2025, Utah announced plans to deploy up to 10 Holtec SMRs to create a full nuclear fuel cycle, highlighting state-level pushes for advanced nuclear capacity.​

Recent Key Developments of Europe:

✅ In September 2025, Italian firms Ansaldo Energia, Ansaldo Nucleare, Maire, and Nextchem signed agreements with France's Nuward at the World Nuclear Exhibition to advance Nuward SMR development and deployment opportunities.​

✅ In September 2025, the European SMR Industrial Alliance endorsed its Strategic Action Plan for 2025-2029, outlining ten actions to tackle supply chain, financing, regulations, and first deployments by the early 2030s.​

✅ In November 2025, the European SMR Alliance released a detailed roadmap to accelerate SMR rollout across the EU, building on its 2024 launch and emphasizing supply chain revitalization and R&D.​

List of the Key Players in the Small Modular Reactor Market:

Westing House Electric
Nuscale Power
Terrestrial Energy
Moltex Energy
X-Energy
Holtec International
General Atomics
Arc Clean Energy
Rolls-Royce
Lead-Cold Reactors

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Small Modular Reactor Market:

By Reactors: Light-water Reactor, Heavy-water Reactor, High-temperature Reactor, Others.

By Connectivity: Off-grid, Grid-connected.

By Location: Land, Marine.

By Deployment: Multi-module Power Plant, Single-module Power Plant.

By Application: Power Generation, Desalination, Process Heat, Industrial, Hydrogen Production.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Small Modular Reactor market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Small Modular Reactor Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Small Modular Reactor market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Small Modular Reactor Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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