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.
The global Small Modular Reactors (SMRs) market was valued at US$ 3616 million in 2023 and is anticipated to reach US$ 8975.3 million by 2030, witnessing a CAGR of 13.8% during the forecast period 2024-2030.
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: NuScaleās Power Module, GE-Hitachiās BWRX 300, and Terrestrial Energyās 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.
This report aims to provide a comprehensive presentation of the global market for Small Modular Reactors (SMRs), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Small Modular Reactors (SMRs).
Report Scope
The Small Modular Reactors (SMRs) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Small Modular Reactors (SMRs) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Small Modular Reactors (SMRs) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Thermal-neutron Reactors
Fast-neutron Reactors
Segment by Application
Large Vessels
Industrial
Commercial
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Small Modular Reactors (SMRs) companiesā competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Small Modular Reactors (SMRs) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Thermal-neutron Reactors
1.2.3 Fast-neutron Reactors
1.3 Market by Application
1.3.1 Global Small Modular Reactors (SMRs) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Large Vessels
1.3.3 Industrial
1.3.4 Commercial
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Small Modular Reactors (SMRs) Market Perspective (2019-2030)
2.2 Small Modular Reactors (SMRs) Growth Trends by Region
2.2.1 Global Small Modular Reactors (SMRs) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Small Modular Reactors (SMRs) Historic Market Size by Region (2019-2024)
2.2.3 Small Modular Reactors (SMRs) Forecasted Market Size by Region (2025-2030)
2.3 Small Modular Reactors (SMRs) Market Dynamics
2.3.1 Small Modular Reactors (SMRs) Industry Trends
2.3.2 Small Modular Reactors (SMRs) Market Drivers
2.3.3 Small Modular Reactors (SMRs) Market Challenges
2.3.4 Small Modular Reactors (SMRs) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Small Modular Reactors (SMRs) Players by Revenue
3.1.1 Global Top Small Modular Reactors (SMRs) Players by Revenue (2019-2024)
3.1.2 Global Small Modular Reactors (SMRs) Revenue Market Share by Players (2019-2024)
3.2 Global Small Modular Reactors (SMRs) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Small Modular Reactors (SMRs) Revenue
3.4 Global Small Modular Reactors (SMRs) Market Concentration Ratio
3.4.1 Global Small Modular Reactors (SMRs) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Small Modular Reactors (SMRs) Revenue in 2023
3.5 Small Modular Reactors (SMRs) Key Players Head office and Area Served
3.6 Key Players Small Modular Reactors (SMRs) Product Solution and Service
3.7 Date of Enter into Small Modular Reactors (SMRs) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Small Modular Reactors (SMRs) Breakdown Data by Type
4.1 Global Small Modular Reactors (SMRs) Historic Market Size by Type (2019-2024)
4.2 Global Small Modular Reactors (SMRs) Forecasted Market Size by Type (2025-2030)
5 Small Modular Reactors (SMRs) Breakdown Data by Application
5.1 Global Small Modular Reactors (SMRs) Historic Market Size by Application (2019-2024)
5.2 Global Small Modular Reactors (SMRs) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Small Modular Reactors (SMRs) Market Size (2019-2030)
6.2 North America Small Modular Reactors (SMRs) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Small Modular Reactors (SMRs) Market Size by Country (2019-2024)
6.4 North America Small Modular Reactors (SMRs) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Small Modular Reactors (SMRs) Market Size (2019-2030)
7.2 Europe Small Modular Reactors (SMRs) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Small Modular Reactors (SMRs) Market Size by Country (2019-2024)
7.4 Europe Small Modular Reactors (SMRs) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Small Modular Reactors (SMRs) Market Size (2019-2030)
8.2 Asia-Pacific Small Modular Reactors (SMRs) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Small Modular Reactors (SMRs) Market Size by Region (2019-2024)
8.4 Asia-Pacific Small Modular Reactors (SMRs) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Small Modular Reactors (SMRs) Market Size (2019-2030)
9.2 Latin America Small Modular Reactors (SMRs) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Small Modular Reactors (SMRs) Market Size by Country (2019-2024)
9.4 Latin America Small Modular Reactors (SMRs) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Small Modular Reactors (SMRs) Market Size (2019-2030)
10.2 Middle East & Africa Small Modular Reactors (SMRs) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Small Modular Reactors (SMRs) Market Size by Country (2019-2024)
10.4 Middle East & Africa Small Modular Reactors (SMRs) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Toshiba
11.1.1 Toshiba Company Detail
11.1.2 Toshiba Business Overview
11.1.3 Toshiba Small Modular Reactors (SMRs) Introduction
11.1.4 Toshiba Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.1.5 Toshiba Recent Development
11.2 OKBM Afrikantov
11.2.1 OKBM Afrikantov Company Detail
11.2.2 OKBM Afrikantov Business Overview
11.2.3 OKBM Afrikantov Small Modular Reactors (SMRs) Introduction
11.2.4 OKBM Afrikantov Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.2.5 OKBM Afrikantov Recent Development
11.3 OKB Gidropress
11.3.1 OKB Gidropress Company Detail
11.3.2 OKB Gidropress Business Overview
11.3.3 OKB Gidropress Small Modular Reactors (SMRs) Introduction
11.3.4 OKB Gidropress Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.3.5 OKB Gidropress Recent Development
11.4 Atomenergoprom
11.4.1 Atomenergoprom Company Detail
11.4.2 Atomenergoprom Business Overview
11.4.3 Atomenergoprom Small Modular Reactors (SMRs) Introduction
11.4.4 Atomenergoprom Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.4.5 Atomenergoprom Recent Development
11.5 CNEA & INVAP
11.5.1 CNEA & INVAP Company Detail
11.5.2 CNEA & INVAP Business Overview
11.5.3 CNEA & INVAP Small Modular Reactors (SMRs) Introduction
11.5.4 CNEA & INVAP Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.5.5 CNEA & INVAP Recent Development
11.6 Seaborg Technologies
11.6.1 Seaborg Technologies Company Detail
11.6.2 Seaborg Technologies Business Overview
11.6.3 Seaborg Technologies Small Modular Reactors (SMRs) Introduction
11.6.4 Seaborg Technologies Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.6.5 Seaborg Technologies Recent Development
11.7 IPPE & Teploelektroproekt Design
11.7.1 IPPE & Teploelektroproekt Design Company Detail
11.7.2 IPPE & Teploelektroproekt Design Business Overview
11.7.3 IPPE & Teploelektroproekt Design Small Modular Reactors (SMRs) Introduction
11.7.4 IPPE & Teploelektroproekt Design Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.7.5 IPPE & Teploelektroproekt Design Recent Development
11.8 Kurchatov Institute
11.8.1 Kurchatov Institute Company Detail
11.8.2 Kurchatov Institute Business Overview
11.8.3 Kurchatov Institute Small Modular Reactors (SMRs) Introduction
11.8.4 Kurchatov Institute Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.8.5 Kurchatov Institute Recent Development
11.9 Areva TA (DCNS group)
11.9.1 Areva TA (DCNS group) Company Detail
11.9.2 Areva TA (DCNS group) Business Overview
11.9.3 Areva TA (DCNS group) Small Modular Reactors (SMRs) Introduction
11.9.4 Areva TA (DCNS group) Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.9.5 Areva TA (DCNS group) Recent Development
11.10 International Thorium Molten Salt Forum (ITMSF)
11.10.1 International Thorium Molten Salt Forum (ITMSF) Company Detail
11.10.2 International Thorium Molten Salt Forum (ITMSF) Business Overview
11.10.3 International Thorium Molten Salt Forum (ITMSF) Small Modular Reactors (SMRs) Introduction
11.10.4 International Thorium Molten Salt Forum (ITMSF) Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.10.5 International Thorium Molten Salt Forum (ITMSF) Recent Development
11.11 Gen4 Energy
11.11.1 Gen4 Energy Company Detail
11.11.2 Gen4 Energy Business Overview
11.11.3 Gen4 Energy Small Modular Reactors (SMRs) Introduction
11.11.4 Gen4 Energy Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.11.5 Gen4 Energy Recent Development
11.12 Terrestrial Energy
11.12.1 Terrestrial Energy Company Detail
11.12.2 Terrestrial Energy Business Overview
11.12.3 Terrestrial Energy Small Modular Reactors (SMRs) Introduction
11.12.4 Terrestrial Energy Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.12.5 Terrestrial Energy Recent Development
11.13 Westinghouse-led
11.13.1 Westinghouse-led Company Detail
11.13.2 Westinghouse-led Business Overview
11.13.3 Westinghouse-led Small Modular Reactors (SMRs) Introduction
11.13.4 Westinghouse-led Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.13.5 Westinghouse-led Recent Development
11.14 JAERI
11.14.1 JAERI Company Detail
11.14.2 JAERI Business Overview
11.14.3 JAERI Small Modular Reactors (SMRs) Introduction
11.14.4 JAERI Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.14.5 JAERI Recent Development
11.15 NuScale Power LLC
11.15.1 NuScale Power LLC Company Detail
11.15.2 NuScale Power LLC Business Overview
11.15.3 NuScale Power LLC Small Modular Reactors (SMRs) Introduction
11.15.4 NuScale Power LLC Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.15.5 NuScale Power LLC Recent Development
11.16 Eskom
11.16.1 Eskom Company Detail
11.16.2 Eskom Business Overview
11.16.3 Eskom Small Modular Reactors (SMRs) Introduction
11.16.4 Eskom Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.16.5 Eskom Recent Development
11.17 KAERI
11.17.1 KAERI Company Detail
11.17.2 KAERI Business Overview
11.17.3 KAERI Small Modular Reactors (SMRs) Introduction
11.17.4 KAERI Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.17.5 KAERI Recent Development
11.18 Holtec International
11.18.1 Holtec International Company Detail
11.18.2 Holtec International Business Overview
11.18.3 Holtec International Small Modular Reactors (SMRs) Introduction
11.18.4 Holtec International Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.18.5 Holtec International Recent Development
11.19 Moltex Energy
11.19.1 Moltex Energy Company Detail
11.19.2 Moltex Energy Business Overview
11.19.3 Moltex Energy Small Modular Reactors (SMRs) Introduction
11.19.4 Moltex Energy Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.19.5 Moltex Energy Recent Development
11.20 GE Hitachi Nuclear Energy
11.20.1 GE Hitachi Nuclear Energy Company Detail
11.20.2 GE Hitachi Nuclear Energy Business Overview
11.20.3 GE Hitachi Nuclear Energy Small Modular Reactors (SMRs) Introduction
11.20.4 GE Hitachi Nuclear Energy Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.20.5 GE Hitachi Nuclear Energy Recent Development
11.21 Intellectual Ventures
11.21.1 Intellectual Ventures Company Detail
11.21.2 Intellectual Ventures Business Overview
11.21.3 Intellectual Ventures Small Modular Reactors (SMRs) Introduction
11.21.4 Intellectual Ventures Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.21.5 Intellectual Ventures Recent Development
11.22 U-Battery consortium
11.22.1 U-Battery consortium Company Detail
11.22.2 U-Battery consortium Business Overview
11.22.3 U-Battery consortium Small Modular Reactors (SMRs) Introduction
11.22.4 U-Battery consortium Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.22.5 U-Battery consortium Recent Development
11.23 Atomstroyexport
11.23.1 Atomstroyexport Company Detail
11.23.2 Atomstroyexport Business Overview
11.23.3 Atomstroyexport Small Modular Reactors (SMRs) Introduction
11.23.4 Atomstroyexport Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.23.5 Atomstroyexport Recent Development
11.24 Westinghouse Electric Company
11.24.1 Westinghouse Electric Company Company Detail
11.24.2 Westinghouse Electric Company Business Overview
11.24.3 Westinghouse Electric Company Small Modular Reactors (SMRs) Introduction
11.24.4 Westinghouse Electric Company Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.24.5 Westinghouse Electric Company Recent Development
11.25 X-energy
11.25.1 X-energy Company Detail
11.25.2 X-energy Business Overview
11.25.3 X-energy Small Modular Reactors (SMRs) Introduction
11.25.4 X-energy Revenue in Small Modular Reactors (SMRs) Business (2019-2024)
11.25.5 X-energy Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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
Ģż
Ģż
*If Applicable.