Nuclear Small Modular Reactors (SMRs) Market Size, Share, and Trends 2025 to 2034

The nuclear small modular reactors (SMRs) market is expanding as technological innovations and supportive policies encourage adoption. SMRs help bridge the gap between renewable energy and consistent baseload power. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : September 2025  |  Report Code : 6737  |  Category : ICT  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Nuclear Small Modular Reactors (SMRs) Market, By Reactor/Technology Type

7.1. Nuclear Small Modular Reactors (SMRs) Market, by Reactor/Technology Type

7.1.1. Light Water Reactor (LWR)/Integral Pressurized Water Reactor (iPWR)

7.1.1.1. Market Revenue and Forecast

7.1.2. Pressurized Heavy Water Reactor (PHWR/HWR)

7.1.2.1. Market Revenue and Forecast

7.1.3. High Temperature Gas Reactor (HTGR)

7.1.3.1. Market Revenue and Forecast

7.1.4. Molten Salt Reactor (MSR)

7.1.4.1. Market Revenue and Forecast

7.1.5. Fast Neutron Reactor (FNR)/Sodium-cooled Fast Reactor (SFR)

7.1.5.1. Market Revenue and Forecast

7.1.6. Lead-cooled Fast Reactor (LFR)

7.1.6.1. Market Revenue and Forecast

7.1.7. Gas-cooled Fast Reactor (GFR)

7.1.7.1. Market Revenue and Forecast

7.1.8. Microreactors (<10–20 MWe)

7.1.8.1. Market Revenue and Forecast

7.1.9. Transportable/Packaged Reactors

7.1.9.1. Market Revenue and Forecast

Chapter 8. Global Nuclear Small Modular Reactors (SMRs) Market, By Printing Method/Process

8.1. Nuclear Small Modular Reactors (SMRs) Market, by Printing Method/Process

8.1.1. Extrusion-based printing

8.1.1.1. Market Revenue and Forecast

8.1.2. Powder/binder-jetting methods

8.1.2.1. Market Revenue and Forecast

8.1.3. Hybrid/multi-material approaches

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global Nuclear Small Modular Reactors (SMRs) Market, By Power Rating

9.1. Nuclear Small Modular Reactors (SMRs) Market, by Power Rating

9.1.1. Micro (<10 MWe)

9.1.1.1. Market Revenue and Forecast

9.1.2. Small (10–100 MWe)

9.1.2.1. Market Revenue and Forecast

9.1.3. Medium (100–300 MWe)

9.1.3.1. Market Revenue and Forecast

Chapter 10. Global Nuclear Small Modular Reactors (SMRs) Market, By Coolant/Moderator

10.1. Nuclear Small Modular Reactors (SMRs) Market, by Coolant/Moderator

10.1.1. Light Water

10.1.1.1. Market Revenue and Forecast

10.1.2. Heavy Water

10.1.2.1. Market Revenue and Forecast

10.1.3. Gas Coolant (Helium, COâ‚‚)

10.1.3.1. Market Revenue and Forecast

10.1.4. Molten Salt

10.1.4.1. Market Revenue and Forecast

10.1.5. Liquid Metal (Sodium, Lead)

10.1.5.1. Market Revenue and Forecast

10.1.6. Graphite-Moderated

10.1.6.1. Market Revenue and Forecast

Chapter 11. Global Nuclear Small Modular Reactors (SMRs) Market, By Application/End-use

11.1. Nuclear Small Modular Reactors (SMRs) Market, by Application/End-use

11.1.1. Grid Power/Baseload Electricity

11.1.1.1. Market Revenue and Forecast

11.1.2. Grid Support/Load-Following

11.1.2.1. Market Revenue and Forecast

11.1.3. Industrial Process Heat (e.g., refining, petrochemicals)

11.1.3.1. Market Revenue and Forecast

11.1.4. Desalination

11.1.4.1. Market Revenue and Forecast

11.1.5. Hydrogen Production/Synthetic Fuels

11.1.5.1. Market Revenue and Forecast

11.1.6. Remote/Off-grid Power

11.1.6.1. Market Revenue and Forecast

11.1.7. Data Centers/AI Facilities

11.1.7.1. Market Revenue and Forecast

11.1.8. Marine Propulsion/Floating SMRs

11.1.8.1. Market Revenue and Forecast

11.1.9. Military and Defense

11.1.9.1. Market Revenue and Forecast

Chapter 12. Global Nuclear Small Modular Reactors (SMRs) Market, By Ownership/Business and Financing Model

12.1. Nuclear Small Modular Reactors (SMRs) Market, by Ownership/Business and Financing Model

12.1.1. Utility-Owned

12.1.1.1. Market Revenue and Forecast

12.1.2. Vendor-Financed (Build-Own-Operate, BOO)

12.1.2.1. Market Revenue and Forecast

12.1.3. Independent Power Producers (IPPs)

12.1.3.1. Market Revenue and Forecast

12.1.4. Public-Private Partnerships (PPP)

12.1.4.1. Market Revenue and Forecast

12.1.5. Leasing and Service-based Models

12.1.5.1. Market Revenue and Forecast

Chapter 13. Global Nuclear Small Modular Reactors (SMRs) Market, By Contract/Delivery Model

13.1. Nuclear Small Modular Reactors (SMRs) Market, by Contract/Delivery Model

13.1.1. EPC/Turnkey Contracts

13.1.1.1. Market Revenue and Forecast

13.1.2. Modular Factory Supply + Onsite Assembly

13.1.2.1. Market Revenue and Forecast

13.1.3. Build-Own-Operate (BOO)/Build-Own-Transfer (BOT)

13.1.3.1. Market Revenue and Forecast

13.1.4. Power Purchase Agreement (PPA)-Backed Projects

13.1.4.1. Market Revenue and Forecast

Chapter 14. Global Nuclear Small Modular Reactors (SMRs) Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Reactor/Technology Type

14.1.2. Market Revenue and Forecast, by Printing Method/Process

14.1.3. Market Revenue and Forecast, by Power Rating

14.1.4. Market Revenue and Forecast, by Coolant/Moderator

14.1.5. Market Revenue and Forecast, by Application/End-use

14.1.6. Market Revenue and Forecast, by Contract/Delivery Model

14.1.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Reactor/Technology Type

14.1.8.2. Market Revenue and Forecast, by Printing Method/Process

14.1.8.3. Market Revenue and Forecast, by Power Rating

14.1.8.4. Market Revenue and Forecast, by Coolant/Moderator

14.1.8.5. Market Revenue and Forecast, by Application/End-use

14.1.8.6. Market Revenue and Forecast, by Contract/Delivery Model

14.1.8.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Reactor/Technology Type

14.1.9.2. Market Revenue and Forecast, by Printing Method/Process

14.1.9.3. Market Revenue and Forecast, by Power Rating

14.1.9.4. Market Revenue and Forecast, by Coolant/Moderator

14.1.9.5. Market Revenue and Forecast, by Application/End-use

14.1.9.6. Market Revenue and Forecast, by Contract/Delivery Model

14.1.9.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.2. Europe

14.2.1. Market Revenue and Forecast, by Reactor/Technology Type

14.2.2. Market Revenue and Forecast, by Printing Method/Process

14.2.3. Market Revenue and Forecast, by Power Rating

14.2.4. Market Revenue and Forecast, by Coolant/Moderator

14.2.5. Market Revenue and Forecast, by Application/End-use

14.2.6. Market Revenue and Forecast, by Contract/Delivery Model

14.2.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Reactor/Technology Type

14.2.8.2. Market Revenue and Forecast, by Printing Method/Process

14.2.8.3. Market Revenue and Forecast, by Power Rating

14.2.8.4. Market Revenue and Forecast, by Coolant/Moderator

14.2.8.5. Market Revenue and Forecast, by Application/End-use

14.2.8.6. Market Revenue and Forecast, by Contract/Delivery Model

14.2.8.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Reactor/Technology Type

14.2.9.2. Market Revenue and Forecast, by Printing Method/Process

14.2.9.3. Market Revenue and Forecast, by Power Rating

14.2.9.4. Market Revenue and Forecast, by Coolant/Moderator

14.2.9.5. Market Revenue and Forecast, by Application/End-use

14.2.9.6. Market Revenue and Forecast, by Contract/Delivery Model

14.2.9.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Reactor/Technology Type

14.2.10.2. Market Revenue and Forecast, by Printing Method/Process

14.2.10.3. Market Revenue and Forecast, by Power Rating

14.2.10.4. Market Revenue and Forecast, by Coolant/Moderator

14.2.10.5. Market Revenue and Forecast, by Application/End-use

14.2.10.6. Market Revenue and Forecast, by Contract/Delivery Model

14.2.10.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Reactor/Technology Type

14.2.11.2. Market Revenue and Forecast, by Printing Method/Process

14.2.11.3. Market Revenue and Forecast, by Power Rating

14.2.11.4. Market Revenue and Forecast, by Coolant/Moderator

14.2.11.5. Market Revenue and Forecast, by Application/End-use

14.2.11.6. Market Revenue and Forecast, by Contract/Delivery Model

14.2.11.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.3. APAC

14.3.1. Market Revenue and Forecast, by Reactor/Technology Type

14.3.2. Market Revenue and Forecast, by Printing Method/Process

14.3.3. Market Revenue and Forecast, by Power Rating

14.3.4. Market Revenue and Forecast, by Coolant/Moderator

14.3.5. Market Revenue and Forecast, by Application/End-use

14.3.6. Market Revenue and Forecast, by Contract/Delivery Model

14.3.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Reactor/Technology Type

14.3.8.2. Market Revenue and Forecast, by Printing Method/Process

14.3.8.3. Market Revenue and Forecast, by Power Rating

14.3.8.4. Market Revenue and Forecast, by Coolant/Moderator

14.3.8.5. Market Revenue and Forecast, by Application/End-use

14.3.8.6. Market Revenue and Forecast, by Contract/Delivery Model

14.3.8.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Reactor/Technology Type

14.3.9.2. Market Revenue and Forecast, by Printing Method/Process

14.3.9.3. Market Revenue and Forecast, by Power Rating

14.3.9.4. Market Revenue and Forecast, by Coolant/Moderator

14.3.9.5. Market Revenue and Forecast, by Application/End-use

14.3.9.6. Market Revenue and Forecast, by Contract/Delivery Model

14.3.9.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Reactor/Technology Type

14.3.10.2. Market Revenue and Forecast, by Printing Method/Process

14.3.10.3. Market Revenue and Forecast, by Power Rating

14.3.10.4. Market Revenue and Forecast, by Coolant/Moderator

14.3.10.5. Market Revenue and Forecast, by Application/End-use

14.3.10.6. Market Revenue and Forecast, by Contract/Delivery Model

14.3.10.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Reactor/Technology Type

14.3.11.2. Market Revenue and Forecast, by Printing Method/Process

14.3.11.3. Market Revenue and Forecast, by Power Rating

14.3.11.4. Market Revenue and Forecast, by Coolant/Moderator

14.3.11.5. Market Revenue and Forecast, by Application/End-use

14.3.11.6. Market Revenue and Forecast, by Contract/Delivery Model

14.3.11.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.4. MEA

14.4.1. Market Revenue and Forecast, by Reactor/Technology Type

14.4.2. Market Revenue and Forecast, by Printing Method/Process

14.4.3. Market Revenue and Forecast, by Power Rating

14.4.4. Market Revenue and Forecast, by Coolant/Moderator

14.4.5. Market Revenue and Forecast, by Application/End-use

14.4.6. Market Revenue and Forecast, by Contract/Delivery Model

14.4.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Reactor/Technology Type

14.4.8.2. Market Revenue and Forecast, by Printing Method/Process

14.4.8.3. Market Revenue and Forecast, by Power Rating

14.4.8.4. Market Revenue and Forecast, by Coolant/Moderator

14.4.8.5. Market Revenue and Forecast, by Application/End-use

14.4.8.6. Market Revenue and Forecast, by Contract/Delivery Model

14.4.8.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Reactor/Technology Type

14.4.9.2. Market Revenue and Forecast, by Printing Method/Process

14.4.9.3. Market Revenue and Forecast, by Power Rating

14.4.9.4. Market Revenue and Forecast, by Coolant/Moderator

14.4.9.5. Market Revenue and Forecast, by Application/End-use

14.4.9.6. Market Revenue and Forecast, by Contract/Delivery Model

14.4.9.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Reactor/Technology Type

14.4.10.2. Market Revenue and Forecast, by Printing Method/Process

14.4.10.3. Market Revenue and Forecast, by Power Rating

14.4.10.4. Market Revenue and Forecast, by Coolant/Moderator

14.4.10.5. Market Revenue and Forecast, by Application/End-use

14.4.10.6. Market Revenue and Forecast, by Contract/Delivery Model

14.4.10.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Reactor/Technology Type

14.4.11.2. Market Revenue and Forecast, by Printing Method/Process

14.4.11.3. Market Revenue and Forecast, by Power Rating

14.4.11.4. Market Revenue and Forecast, by Coolant/Moderator

14.4.11.5. Market Revenue and Forecast, by Application/End-use

14.4.11.6. Market Revenue and Forecast, by Contract/Delivery Model

14.4.11.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Reactor/Technology Type

14.5.2. Market Revenue and Forecast, by Printing Method/Process

14.5.3. Market Revenue and Forecast, by Power Rating

14.5.4. Market Revenue and Forecast, by Coolant/Moderator

14.5.5. Market Revenue and Forecast, by Application/End-use

14.5.6. Market Revenue and Forecast, by Contract/Delivery Model

14.5.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Reactor/Technology Type

14.5.8.2. Market Revenue and Forecast, by Printing Method/Process

14.5.8.3. Market Revenue and Forecast, by Power Rating

14.5.8.4. Market Revenue and Forecast, by Coolant/Moderator

14.5.8.5. Market Revenue and Forecast, by Application/End-use

14.5.8.6. Market Revenue and Forecast, by Contract/Delivery Model

14.5.8.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Reactor/Technology Type

14.5.9.2. Market Revenue and Forecast, by Printing Method/Process

14.5.9.3. Market Revenue and Forecast, by Power Rating

14.5.9.4. Market Revenue and Forecast, by Coolant/Moderator

14.5.9.5. Market Revenue and Forecast, by Application/End-use

14.5.9.6. Market Revenue and Forecast, by Contract/Delivery Model

14.5.9.7. Market Revenue and Forecast, by Ownership/Business and Financing Model

Chapter 15. Company Profiles

15.1. NuScale Power (U.S.)

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Rolls-Royce SMR (UK)

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Westinghouse Electric Company (U.S.)

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. GE Hitachi Nuclear Energy (U.S./Japan)

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Holtec International (U.S.)

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. TerraPower (U.S.)

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. X-energy (U.S.)

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Kairos Power (U.S.)

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. BWX Technologies/BWXT (Canada/U.S.)

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Rosatom (Russia)

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The major players in the nuclear small modular reactors (SMRs) market include NuScale Power (U.S.), Rolls-Royce SMR (UK), Westinghouse Electric Company (U.S.), GE Hitachi Nuclear Energy (U.S./Japan), Holtec International (U.S.), TerraPower (U.S.), X-energy (U.S.), Kairos Power (U.S.), BWX Technologies/BWXT (Canada/U.S.), Rosatom (Russia), CNNC/CGN (China), KHNP/KAERI (South Korea), Oklo (U.S.), Newcleo (France), and Ultra Safe Nuclear Corporation (USNC).

The driving factors of the nuclear small modular reactors (SMRs) market are the modular designs, flexible deployment, and rising global clean energy demand.

North America region will lead the global nuclear small modular reactors (SMRs) market during the forecast period 2025 to 2034.

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