The global Small Modular Reactors (SMRs) market size was valued at US$ 3537.4 million in 2023. With growing demand in downstream market, the Small Modular Reactors (SMRs) is forecast to a readjusted size of US$ 9035.9 million by 2030 with a CAGR of 14.3% during review period.
The research report highlights the growth potential of the global Small Modular Reactors (SMRs) market. Small Modular Reactors (SMRs) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Small Modular Reactors (SMRs). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Small Modular Reactors (SMRs) market.
Small modular reactors (SMRs) are a type of nuclear fission reactor which are smaller than conventional reactors, and manufactured at a plant and brought to a site to be assembled. The International Atomic Energy Agency (IAEA) defines 'small' as under 300 MWe. This report focus on Small modular reactors (SMRs) market.
As a SMR is fully built in a factory using module fabrication, high production rate can be achieved. SMRs are still in the design phase. In fact, only three SMRs are currently in the advanced regulatory phase: NuScale鈥檚 Power Module, GE-Hitachi鈥檚 BWRX 300, and Terrestrial Energy鈥檚 Integral Molten Salt Reactor. SMRs can be made to operate underground or as a floating nuclear power unit. Modular reactors are primarily used for electricity generation; however, it is also used in seawater desalination and process heating. SMR designs promises an affordable, safe, viable, and non-greenhouse gas emitting energy.
Key Features:
The report on Small Modular Reactors (SMRs) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Small Modular Reactors (SMRs) market. It may include historical data, market segmentation by Type (e.g., Thermal-neutron Reactors, Fast-neutron Reactors), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Small Modular Reactors (SMRs) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Small Modular Reactors (SMRs) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Small Modular Reactors (SMRs) industry. This include advancements in Small Modular Reactors (SMRs) technology, Small Modular Reactors (SMRs) new entrants, Small Modular Reactors (SMRs) new investment, and other innovations that are shaping the future of Small Modular Reactors (SMRs).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Small Modular Reactors (SMRs) market. It includes factors influencing customer ' purchasing decisions, preferences for Small Modular Reactors (SMRs) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Small Modular Reactors (SMRs) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Small Modular Reactors (SMRs) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Small Modular Reactors (SMRs) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Small Modular Reactors (SMRs) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Small Modular Reactors (SMRs) market.
Market Segmentation:
Small Modular Reactors (SMRs) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Thermal-neutron Reactors
Fast-neutron Reactors
Segmentation by application
Large Vessels
Industrial
Commercial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toshiba
OKBM Afrikantov
OKB Gidropress
Atomenergoprom
CNEA & INVAP
Seaborg Technologies
IPPE & Teploelektroproekt Design
Kurchatov Institute
Areva TA (DCNS group)
International Thorium Molten Salt Forum (ITMSF)
Gen4 Energy
Terrestrial Energy
Westinghouse-led
JAERI
NuScale Power LLC
Eskom
KAERI
Holtec International
Moltex Energy
GE Hitachi Nuclear Energy
Intellectual Ventures
U-Battery consortium
Atomstroyexport
Westinghouse Electric Company
X-energy
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Small Modular Reactors (SMRs) Market Size 2019-2030
2.1.2 Small Modular Reactors (SMRs) Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Small Modular Reactors (SMRs) Segment by Type
2.2.1 Thermal-neutron Reactors
2.2.2 Fast-neutron Reactors
2.3 Small Modular Reactors (SMRs) Market Size by Type
2.3.1 Small Modular Reactors (SMRs) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Small Modular Reactors (SMRs) Market Size Market Share by Type (2019-2024)
2.4 Small Modular Reactors (SMRs) Segment by Application
2.4.1 Large Vessels
2.4.2 Industrial
2.4.3 Commercial
2.4.4 Others
2.5 Small Modular Reactors (SMRs) Market Size by Application
2.5.1 Small Modular Reactors (SMRs) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Small Modular Reactors (SMRs) Market Size Market Share by Application (2019-2024)
3 Small Modular Reactors (SMRs) Market Size by Player
3.1 Small Modular Reactors (SMRs) Market Size Market Share by Players
3.1.1 Global Small Modular Reactors (SMRs) Revenue by Players (2019-2024)
3.1.2 Global Small Modular Reactors (SMRs) Revenue Market Share by Players (2019-2024)
3.2 Global Small Modular Reactors (SMRs) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Small Modular Reactors (SMRs) by Regions
4.1 Small Modular Reactors (SMRs) Market Size by Regions (2019-2024)
4.2 Americas Small Modular Reactors (SMRs) Market Size Growth (2019-2024)
4.3 APAC Small Modular Reactors (SMRs) Market Size Growth (2019-2024)
4.4 Europe Small Modular Reactors (SMRs) Market Size Growth (2019-2024)
4.5 Middle East & Africa Small Modular Reactors (SMRs) Market Size Growth (2019-2024)
5 Americas
5.1 Americas Small Modular Reactors (SMRs) Market Size by Country (2019-2024)
5.2 Americas Small Modular Reactors (SMRs) Market Size by Type (2019-2024)
5.3 Americas Small Modular Reactors (SMRs) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Small Modular Reactors (SMRs) Market Size by Region (2019-2024)
6.2 APAC Small Modular Reactors (SMRs) Market Size by Type (2019-2024)
6.3 APAC Small Modular Reactors (SMRs) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Small Modular Reactors (SMRs) by Country (2019-2024)
7.2 Europe Small Modular Reactors (SMRs) Market Size by Type (2019-2024)
7.3 Europe Small Modular Reactors (SMRs) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Small Modular Reactors (SMRs) by Region (2019-2024)
8.2 Middle East & Africa Small Modular Reactors (SMRs) Market Size by Type (2019-2024)
8.3 Middle East & Africa Small Modular Reactors (SMRs) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Small Modular Reactors (SMRs) Market Forecast
10.1 Global Small Modular Reactors (SMRs) Forecast by Regions (2025-2030)
10.1.1 Global Small Modular Reactors (SMRs) Forecast by Regions (2025-2030)
10.1.2 Americas Small Modular Reactors (SMRs) Forecast
10.1.3 APAC Small Modular Reactors (SMRs) Forecast
10.1.4 Europe Small Modular Reactors (SMRs) Forecast
10.1.5 Middle East & Africa Small Modular Reactors (SMRs) Forecast
10.2 Americas Small Modular Reactors (SMRs) Forecast by Country (2025-2030)
10.2.1 United States Small Modular Reactors (SMRs) Market Forecast
10.2.2 Canada Small Modular Reactors (SMRs) Market Forecast
10.2.3 Mexico Small Modular Reactors (SMRs) Market Forecast
10.2.4 Brazil Small Modular Reactors (SMRs) Market Forecast
10.3 APAC Small Modular Reactors (SMRs) Forecast by Region (2025-2030)
10.3.1 China Small Modular Reactors (SMRs) Market Forecast
10.3.2 Japan Small Modular Reactors (SMRs) Market Forecast
10.3.3 Korea Small Modular Reactors (SMRs) Market Forecast
10.3.4 Southeast Asia Small Modular Reactors (SMRs) Market Forecast
10.3.5 India Small Modular Reactors (SMRs) Market Forecast
10.3.6 Australia Small Modular Reactors (SMRs) Market Forecast
10.4 Europe Small Modular Reactors (SMRs) Forecast by Country (2025-2030)
10.4.1 Germany Small Modular Reactors (SMRs) Market Forecast
10.4.2 France Small Modular Reactors (SMRs) Market Forecast
10.4.3 UK Small Modular Reactors (SMRs) Market Forecast
10.4.4 Italy Small Modular Reactors (SMRs) Market Forecast
10.4.5 Russia Small Modular Reactors (SMRs) Market Forecast
10.5 Middle East & Africa Small Modular Reactors (SMRs) Forecast by Region (2025-2030)
10.5.1 Egypt Small Modular Reactors (SMRs) Market Forecast
10.5.2 South Africa Small Modular Reactors (SMRs) Market Forecast
10.5.3 Israel Small Modular Reactors (SMRs) Market Forecast
10.5.4 Turkey Small Modular Reactors (SMRs) Market Forecast
10.5.5 GCC Countries Small Modular Reactors (SMRs) Market Forecast
10.6 Global Small Modular Reactors (SMRs) Forecast by Type (2025-2030)
10.7 Global Small Modular Reactors (SMRs) Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Toshiba
11.1.1 Toshiba Company Information
11.1.2 Toshiba Small Modular Reactors (SMRs) Product Offered
11.1.3 Toshiba Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Toshiba Main Business Overview
11.1.5 Toshiba Latest Developments
11.2 OKBM Afrikantov
11.2.1 OKBM Afrikantov Company Information
11.2.2 OKBM Afrikantov Small Modular Reactors (SMRs) Product Offered
11.2.3 OKBM Afrikantov Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 OKBM Afrikantov Main Business Overview
11.2.5 OKBM Afrikantov Latest Developments
11.3 OKB Gidropress
11.3.1 OKB Gidropress Company Information
11.3.2 OKB Gidropress Small Modular Reactors (SMRs) Product Offered
11.3.3 OKB Gidropress Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 OKB Gidropress Main Business Overview
11.3.5 OKB Gidropress Latest Developments
11.4 Atomenergoprom
11.4.1 Atomenergoprom Company Information
11.4.2 Atomenergoprom Small Modular Reactors (SMRs) Product Offered
11.4.3 Atomenergoprom Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Atomenergoprom Main Business Overview
11.4.5 Atomenergoprom Latest Developments
11.5 CNEA & INVAP
11.5.1 CNEA & INVAP Company Information
11.5.2 CNEA & INVAP Small Modular Reactors (SMRs) Product Offered
11.5.3 CNEA & INVAP Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 CNEA & INVAP Main Business Overview
11.5.5 CNEA & INVAP Latest Developments
11.6 Seaborg Technologies
11.6.1 Seaborg Technologies Company Information
11.6.2 Seaborg Technologies Small Modular Reactors (SMRs) Product Offered
11.6.3 Seaborg Technologies Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Seaborg Technologies Main Business Overview
11.6.5 Seaborg Technologies Latest Developments
11.7 IPPE & Teploelektroproekt Design
11.7.1 IPPE & Teploelektroproekt Design Company Information
11.7.2 IPPE & Teploelektroproekt Design Small Modular Reactors (SMRs) Product Offered
11.7.3 IPPE & Teploelektroproekt Design Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 IPPE & Teploelektroproekt Design Main Business Overview
11.7.5 IPPE & Teploelektroproekt Design Latest Developments
11.8 Kurchatov Institute
11.8.1 Kurchatov Institute Company Information
11.8.2 Kurchatov Institute Small Modular Reactors (SMRs) Product Offered
11.8.3 Kurchatov Institute Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Kurchatov Institute Main Business Overview
11.8.5 Kurchatov Institute Latest Developments
11.9 Areva TA (DCNS group)
11.9.1 Areva TA (DCNS group) Company Information
11.9.2 Areva TA (DCNS group) Small Modular Reactors (SMRs) Product Offered
11.9.3 Areva TA (DCNS group) Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Areva TA (DCNS group) Main Business Overview
11.9.5 Areva TA (DCNS group) Latest Developments
11.10 International Thorium Molten Salt Forum (ITMSF)
11.10.1 International Thorium Molten Salt Forum (ITMSF) Company Information
11.10.2 International Thorium Molten Salt Forum (ITMSF) Small Modular Reactors (SMRs) Product Offered
11.10.3 International Thorium Molten Salt Forum (ITMSF) Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 International Thorium Molten Salt Forum (ITMSF) Main Business Overview
11.10.5 International Thorium Molten Salt Forum (ITMSF) Latest Developments
11.11 Gen4 Energy
11.11.1 Gen4 Energy Company Information
11.11.2 Gen4 Energy Small Modular Reactors (SMRs) Product Offered
11.11.3 Gen4 Energy Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Gen4 Energy Main Business Overview
11.11.5 Gen4 Energy Latest Developments
11.12 Terrestrial Energy
11.12.1 Terrestrial Energy Company Information
11.12.2 Terrestrial Energy Small Modular Reactors (SMRs) Product Offered
11.12.3 Terrestrial Energy Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Terrestrial Energy Main Business Overview
11.12.5 Terrestrial Energy Latest Developments
11.13 Westinghouse-led
11.13.1 Westinghouse-led Company Information
11.13.2 Westinghouse-led Small Modular Reactors (SMRs) Product Offered
11.13.3 Westinghouse-led Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Westinghouse-led Main Business Overview
11.13.5 Westinghouse-led Latest Developments
11.14 JAERI
11.14.1 JAERI Company Information
11.14.2 JAERI Small Modular Reactors (SMRs) Product Offered
11.14.3 JAERI Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 JAERI Main Business Overview
11.14.5 JAERI Latest Developments
11.15 NuScale Power LLC
11.15.1 NuScale Power LLC Company Information
11.15.2 NuScale Power LLC Small Modular Reactors (SMRs) Product Offered
11.15.3 NuScale Power LLC Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 NuScale Power LLC Main Business Overview
11.15.5 NuScale Power LLC Latest Developments
11.16 Eskom
11.16.1 Eskom Company Information
11.16.2 Eskom Small Modular Reactors (SMRs) Product Offered
11.16.3 Eskom Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Eskom Main Business Overview
11.16.5 Eskom Latest Developments
11.17 KAERI
11.17.1 KAERI Company Information
11.17.2 KAERI Small Modular Reactors (SMRs) Product Offered
11.17.3 KAERI Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 KAERI Main Business Overview
11.17.5 KAERI Latest Developments
11.18 Holtec International
11.18.1 Holtec International Company Information
11.18.2 Holtec International Small Modular Reactors (SMRs) Product Offered
11.18.3 Holtec International Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Holtec International Main Business Overview
11.18.5 Holtec International Latest Developments
11.19 Moltex Energy
11.19.1 Moltex Energy Company Information
11.19.2 Moltex Energy Small Modular Reactors (SMRs) Product Offered
11.19.3 Moltex Energy Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.19.4 Moltex Energy Main Business Overview
11.19.5 Moltex Energy Latest Developments
11.20 GE Hitachi Nuclear Energy
11.20.1 GE Hitachi Nuclear Energy Company Information
11.20.2 GE Hitachi Nuclear Energy Small Modular Reactors (SMRs) Product Offered
11.20.3 GE Hitachi Nuclear Energy Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.20.4 GE Hitachi Nuclear Energy Main Business Overview
11.20.5 GE Hitachi Nuclear Energy Latest Developments
11.21 Intellectual Ventures
11.21.1 Intellectual Ventures Company Information
11.21.2 Intellectual Ventures Small Modular Reactors (SMRs) Product Offered
11.21.3 Intellectual Ventures Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.21.4 Intellectual Ventures Main Business Overview
11.21.5 Intellectual Ventures Latest Developments
11.22 U-Battery consortium
11.22.1 U-Battery consortium Company Information
11.22.2 U-Battery consortium Small Modular Reactors (SMRs) Product Offered
11.22.3 U-Battery consortium Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.22.4 U-Battery consortium Main Business Overview
11.22.5 U-Battery consortium Latest Developments
11.23 Atomstroyexport
11.23.1 Atomstroyexport Company Information
11.23.2 Atomstroyexport Small Modular Reactors (SMRs) Product Offered
11.23.3 Atomstroyexport Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.23.4 Atomstroyexport Main Business Overview
11.23.5 Atomstroyexport Latest Developments
11.24 Westinghouse Electric Company
11.24.1 Westinghouse Electric Company Company Information
11.24.2 Westinghouse Electric Company Small Modular Reactors (SMRs) Product Offered
11.24.3 Westinghouse Electric Company Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.24.4 Westinghouse Electric Company Main Business Overview
11.24.5 Westinghouse Electric Company Latest Developments
11.25 X-energy
11.25.1 X-energy Company Information
11.25.2 X-energy Small Modular Reactors (SMRs) Product Offered
11.25.3 X-energy Small Modular Reactors (SMRs) Revenue, Gross Margin and Market Share (2019-2024)
11.25.4 X-energy Main Business Overview
11.25.5 X-energy Latest Developments
12 Research Findings and Conclusion
听
听
*If Applicable.
