Small Modular Reactor Market is estimated to reach US$ 6.48 billion by 2031 | Major Companies - 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 (SMR) Market comprises compact nuclear power systems designed for scalable, flexible, and cost-effective electricity generation. SMRs feature factory-built modules, enhanced safety systems, and reduced construction timelines, supporting applications in grid power, remote locations, industrial processes, and low-carbon energy transitions worldwide.

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Recent Key Developments of United States:

✅ January 2026: TerraPower progressed with its Natrium SMR project in Wyoming, integrating molten salt storage to provide flexible power supporting renewables, backed by Bill Gates' investment.

✅ December 2025: X-energy secured partnerships with utilities for its Xe-100 SMR design, emphasizing high-temperature gas reactors for hydrogen production and grid stability amid rising energy demands.

✅ November 2025: The U.S. Department of Energy advanced funding for NuScale Power's SMR demonstrations, focusing on cost reductions and regulatory approvals to accelerate deployment in remote and industrial sites.

Recent Key Developments of Europe:

✅ January 2026: Poland and Estonia advanced BWRX-300 SMR selections from GE Hitachi, aligning with EU Green Deal goals for decarbonization and energy security.

✅ December 2025: Rolls-Royce SMR gained traction with Czech investments and French-Italian collaborations, targeting factory-built units for faster rollout across multiple countries.

✅ November 2025: The European Commission launched a public call for evidence to shape its SMR strategy, set for release in early 2026, aiming to boost deployment over the next decade.

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 Reactor: Light-weight Reactor, Heavy-weight Reactor, High-temperature Reactor, Others.

By Connectivity: Off-grid, Grid-connected.

By Location: Land, Marine.

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

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

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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People Also Ask:

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