Small Modular Reactor Market - Global Forecast 2025-2032

Small modular reactors are redefining how organizations can approach clean, reliable, and scalable nuclear energy, providing agile solutions to evolving energy needs amidst increasing regulatory pressures and decarbonization objectives.

Market Snapshot: Small Modular Reactor Market Size and Growth

The Small Modular Reactor Market grew from USD 5.82 billion in 2024 to USD 6.12 billion in 2025. It is expected to continue expanding at a CAGR of 5.61%, potentially reaching USD 9.01 billion by 2032.

Scope & Segmentation

This report analyzes the global small modular reactor market across key segmentation areas. Deep coverage enables precise benchmarking for strategic decision-making:

• Type: Fast Neutron Reactors, Heavy-Water Reactors, High-Temperature Gas-Cooled Reactors, Light-Water Reactors, Molten Salt Reactors
• Power Rating: 101-200 MW, 201-300 MW, Below 100 MW
• Deployment: Grid-Connected, Off-Grid
• Application: Desalination, District Heating, Electricity Generation, Hydrogen Production, Industrial Heat
• End-User Industry: Commercial, Industrial (Chemical, Manufacturing, Mining, Oil & Gas), Public Infrastructures & Utilities
• Geography Covered: Americas (North America: United States, Canada, Mexico; Latin America: Brazil, Argentina, Chile, Colombia, Peru), Europe, Middle East & Africa (Europe: United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland; Middle East: United Arab Emirates, Saudi Arabia, Qatar, Turkey, Israel; Africa: South Africa, Nigeria, Egypt, Kenya), and Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
• Leading Companies Profiled: ARC Clean Technology, AtkinsRéalis Group, Blykalla AB, China National Nuclear Corporation, General Atomics, General Electric Company, Holtec International, Kairos Power, Mirion Technologies, Mitsubishi Heavy Industries, Moltex Energy, NANO Nuclear Energy, NuScale Power Corporation, Oklo, Rolls-Royce Holdings, Seaborg Technologies, Southern Company, ROSATOM, TerraPower, Terrestrial Energy, ThorCon Power, Toshiba Corporation, Tractebel Group by Engie Group, Westinghouse Electric Company, X Energy, Électricité de France

Key Takeaways for Senior Decision-Makers

• The market’s growth is driven by standardization, modular construction, and regulatory trends that shorten project timelines and reduce initial capital exposure.
• Technological diversity, such as high-temperature and molten salt reactors, enables multi-application usage—including district heating, hydrogen production, and desalination—expanding operational flexibility.
• Manufacturers and utilities are adopting digital engineering and data analytics to optimize site selection and streamline supply chain management.
• Regulatory bodies are adapting processes to accommodate modular designs, enabling a more agile and predictable project approval environment.
• Public-private partnerships and innovative financing models increase opportunities for risk-sharing while supporting demonstration and early commercial deployments.
• Regional market priorities differ; North America and Europe focus on decarbonization and energy security, while Asia-Pacific emphasizes diversified deployment and commercialization.

Assessing Tariff Impact on Modular Reactor Supply Chains

Forthcoming U.S. tariffs introduce new complexity to international sourcing for precision-engineered reactor components. Organizations are reevaluating sourcing models, including increased domestic production and strategies to partner with tariff-exempt suppliers. Stakeholders are also seeking regulatory clarification and advocating for exemptions that recognize nuclear energy’s critical security role. Proactive supplier diversification will be vital to maintaining cost and timeline targets as policy changes unfold.

Methodology & Data Sources

Our analysis integrates primary interviews with industry leaders, technical paper reviews, and in-depth regulatory assessments. Quantitative data undergoes validation through multi-source triangulation to ensure reliable trend identification. Research findings are reviewed in workshops and through peer assessment to maintain objectivity and depth throughout.

Why This Report Matters for Strategic Stakeholders

• Enable informed investment decisions through granular segmentation and comprehensive regional market coverage.
• Support risk mitigation and opportunity identification for leaders navigating shifting regulations, supply chain dynamics, and emerging tariffs.
• Facilitate competitive positioning with actionable insights into technology adoption, partnership models, and evolving end-user priorities.

Conclusion

Small modular reactors offer a scalable, resilient solution for clean energy mandates and grid modernization needs. Coordinated industry efforts in innovation, regulation, and strategic alliances will be pivotal to turning potential into sustainable market results.

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