The Small Modular Reactor Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Small Modular Reactor Market?
The market size of the small modular reactor has experienced rapid expansion recently. It is predicted to increase from $0.27 billion in 2024 to $0.67 billion in 2025, with a compound annual growth rate (CAGR) of 152.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Small Modular Reactor Industry?
The Small Modular Reactor Global Market is predicted to expand considerably over the coming years, reaching a value of $2.71 billion in 2029. The compound annual growth rate (CAGR) during this period is forecasted to be
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What are the Key Growth Drivers Fueling the Small Modular Reactor Market?
The key drivers in the small modular reactor market are:
• Growing focus on clean energy solutions
• Rising demand for flexible power generation options
• Increasing interest in nuclear power
• Expansion of applications in industrial sectors
Global Market Segmentation: Identifying Major Small Modular Reactor Industry Segments
The small modular reactor market covered in this report is segmented –
1) By Reactor Type: Light Water Reactor (LWR), Fast Neutron Reactor (FNR), Heavy Water Reactor (HWR), Other Reactor Types
2) By Power Rating: Up To 100 MW, 101 To 200 MW, 201 To 300 MW
3) By Deployment: Single Module Power Plant, Multi Module Power Plant
4) By Application: Power Generation, Desalination, Process Heat, Industrial, Hydrogen Production
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What are the Emerging Trends Shaping the Future of the Small Modular Reactor Market?
The key trends in the small modular reactor market are:
• The emerging presence of new players and technologies is a significant trend in the Small Modular Reactor market.
• The integration of digitalization and automation is shaping the future of this market.
• The customization and modularization of reactor designs is another emerging trend.
• The development of hybrid energy systems and increasing role in supporting renewable energy integration is also a key future trend.
Who Are the Top Competitors & Leading Players in the Small Modular Reactor Market?
Major companies in the small modular reactor market are:
• General Electric Company
• Hitachi
• Korea Electric Power Corporation (KEPCO)
• State Power Investment Corporation (SPIC)
• Mitsubishi Heavy Industries Ltd.
• OKBM Afrikantov (Rosatom)
• Bechtel Corporation
• Rolls-Royce plc.
• Fluor Corporation
• IHI Corporation
• Korea Hydro & Nuclear Power (KHNP)
• SNC-Lavalin Group
• Toshiba Energy Systems & Solutions
• Brookfield Asset Management
• General Atomics Corporation
• Curtiss-Wright Corporation
• BWX Technologies Inc.
• Nuclear Power Corporation of India Limited (NPCIL)
• China National Nuclear Corporation (CNNC)
• U-Battery Developments Ltd. (Urenco Group)
• Babcock & Wilcox
• Tokamak Energy
• NuScale Power LLC.
• ARC Energy LLC
• Terrestrial Energy Inc.
• Holtec International
• Kairos Power
• TerraPower LLC.
Regional Dominance: Which Area Leads the Global Small Modular Reactor Market?
Asia-Pacific was the largest region in the small modular reactor market in 2024 and is expected to be the fastest-growing region in the forecast period
