Small Modular Reactor (SMR) Market Report 2027-2037

The global Small Modular Reactor (SMR) market is projected to grow from US$6.10 billion in 2027 to US$22.85 billion by 2037, representing a 14.1% CAGR during the forecast period.

SKU: ENE0661 Category: Electric Power Published: October 2026Code: ENE0661Pages: 423

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Description

Visiongain has published a new report, Small Modular Reactor (SMR) Market Report 2027-2037. The global small modular reactor market is valued at US$6.10bn in 2027 and is forecast to reach US$22.85bn by 2037, at a CAGR of 14.1% over the forecast period.

This report provides a comprehensive analysis of the global small modular reactor market, covering reactor type, configuration, reactor capacity, application, and deployment and commercial model segments. It includes regional and national demand forecasts, competitive landscape assessments, and profiles of the leading companies shaping the market.

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Market sizing and forecast data
Detailed segmentation analysis
Regional and country-level forecasts
Competitive landscape and company profiles

Technological Innovation Driving Market Expansion

Standardised factory-built designs are reducing construction risk and enabling repeat deployment at scale. Water-cooled designs lead the market, with licensing milestones at multiple sites in the United States, Canada, United Kingdom and Czech Republic providing repeatable regulatory pathways for successive projects. The NRC’s issuance of a construction permit for the BWRX-300 at Clinch River establishes a template that subsequent applicants can follow, shortening the time and cost of future licensing cycles.

Advanced SMR developers are advancing high-temperature and alternative-coolant designs that serve applications beyond grid electricity, including industrial process heat, hydrogen production and data-centre power. Construction at TerraPower’s Natrium plant and Kairos Power’s Hermes 2 demonstration is generating real-world engineering and supply-chain data that will inform commercial deployments. Technology companies are entering the market as anchor customers, providing revenue visibility that supports project financing. Regulatory bodies in the United States, United Kingdom and Canada are developing streamlined design assessment processes, reducing barriers for developers seeking approval in multiple jurisdictions simultaneously. Digital instrumentation, automation and advanced fuel technologies are further improving projected operating economics.

Trade and Supply Chain Dynamics

Developers are building the manufacturing and supplier networks required for serial production. Dedicated supplier programmes, such as the Rolls-Royce SMR initiative offering substantial UK contract opportunities, are mobilising domestic industrial capacity and establishing quality standards for multi-unit deployment. Partnerships between reactor developers and established industrial firms for steam turbines, automation systems and structural components are creating supply chains capable of meeting projected order volumes.

Fuel availability is a near-term constraint for advanced designs that require high-assay low-enriched uranium. Progress in domestic HALEU production capacity in the United States and cooperation agreements between developers and fuel suppliers are beginning to address this. Import tariffs on structural materials represent a cost input for projects under development, though the scale of effect varies by design and procurement strategy. Floating and marine-based SMR projects are also generating specialist supply-chain activity in shipbuilding and offshore fabrication sectors, broadening the industrial base supporting the market.

Report Scope and Data Coverage

Market revenue forecasts from 2027 to 2037 at global, regional, national and segment level
Quantitative analysis by reactor type, configuration, reactor capacity, application and deployment and commercial model
Regional forecasts for North America, Europe, Asia-Pacific, Middle East & Africa and Latin America
National-level forecasts for key markets including the U.S., Canada, Russia, UK, Czech Republic, Poland, Sweden, China, India, Japan, South Korea, Indonesia, GCC, South Africa, Brazil and Argentina
Profiles of 15 leading companies including financial performance, strategy and recent developments
Analysis of market drivers, restraints, opportunities and competitive dynamics

Segmentation Framework

By Reactor Type

Water-Cooled SMR
Advanced SMR

By Configuration

Land-Based SMRs
Marine-Based / Floating SMRs
Multi-Module / Integrated SMR Plants

By Reactor Capacity

≤20 MWe
>20–50 MWe
>50–150 MWe
>150–300 MWe

By Application

Grid & Utility Electricity
Industrial Process Heat & Cogeneration
Data Centers, Defense & Other Specialized Applications
Hydrogen, Desalination & District Energy
Remote & Off-Grid Power

By Deployment & Commercial Model

Utility-Owned / Utility-Led Deployment
Government & Defense Deployment
Data Center / Technology Company Deployment
Energy-as-a-Service / BOO / PPA Models
Industrial / Mining Deployment
Other Partnerships & Financing Models

Geographic Coverage

North America

U.S.
Canada

Europe

Russia
UK
Czech Republic
Poland
Sweden
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Indonesia
Rest of Asia-Pacific

Middle East & Africa

GCC
South Africa
Rest of MEA

Latin America

Brazil
Argentina
Rest of Latin America

Need industry data? Please contact us today.

Company Intelligence Coverage

Visiongain profiles 15 leading companies operating across the small modular reactor market, covering water-cooled leaders and advanced SMR developers.

NuScale Power Corporation
GE Vernova Hitachi Nuclear Energy
Rolls-Royce SMR Limited
Westinghouse Electric Company LLC
Holtec International
State Atomic Energy Corporation ROSATOM
China National Nuclear Corporation (CNNC)
Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
TerraPower LLC
X-Energy Inc.
Kairos Power LLC
Terrestrial Energy Inc.
ARC Clean Technology
Newcleo plc
Saltfoss Energy (formerly Seaborg Technologies)

Each profile includes:

Corporate overview and strategic positioning
SMR technology portfolio and design status
Key partnerships, projects and licensing milestones
Recent developments and competitive outlook

Key Questions Answered

What is the current and projected size of the global small modular reactor market?
Which reactor types, configurations and capacity segments are growing fastest?
Which applications and commercial deployment models are driving demand?
How are regional markets performing and which national markets offer the greatest opportunity?
Who are the leading companies and how are they positioning for commercial deployment?
What are the primary drivers, restraints and risks shaping market development?
How are technology company and data-centre customers changing the competitive dynamic?

Bespoke Intelligence & Customisation

Visiongain also provides tailored intelligence and advisory support aligned to specific client requirements.

This includes:

Custom market segmentation and forecasts
Competitive benchmarking and strategy analysis
Supply chain and sourcing intelligence
SiC wafer capacity and fab investment tracking
Scenario modelling including tariffs and geopolitical risk

Speak to our team about bespoke requirements

Why This Market Intelligence Matters

As battery costs normalise and 800V architectures proliferate, vehicle manufacturers are recognising that high-efficiency wide bandgap power electronics offer a cost-effective path to extending range and enabling fast charging. At the same time, the sector’s recent wave of financial restructuring (Wolfspeed), corporate spin-offs (Aptiv/Versigent), and M&A (STMicroelectronics/NXP, Infineon/ams OSRAM) means supplier due diligence now requires closer attention to financial resilience alongside technology roadmaps.

Companies that master module integration, secure resilient supply relationships, and correctly anticipate the shifting Tier-1 competitive landscape will separate winning OEMs and semiconductor vendors from the rest over the next decade.

Access the Full Forecast and Competitive Analysis

Purchase the Small Modular Reactor (SMR) Market Report 2027-2037 to access the complete dataset, forecasts, and competitive analysis.

Download sample or contact us for enterprise access

For enterprise licensing, customised segmentation or analyst briefings, contact Visiongain directly at contactus@visiongain.com

Government Registration
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Small Modular Reactor (SMR) Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain

2 Executive Summary

3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.3 Impact Analysis
3.3.1 Market Driving Factors
3.3.1.1 Accelerating Commercial Offtake & Hyperscale Data Center Demand
3.3.1.2 Government Support and Nuclear Energy Policies Driving the Market Growth
3.3.1.3 Coal-to-Nuclear Repurposing & Industrial Cogeneration Requirements
3.3.2 Market Restraining Factors
3.3.2.1 Regulatory and Licensing Delays Restrain the Market Growth
3.3.2.2 High Capital Costs and Financing Risks Restrain the Market Growth
3.3.3 Market Opportunities
3.3.3.1 Collabouration and Partnership Between Market Players as an Opportunity for Growth
3.3.3.2 Launch of New SMR Projects or Power Plants Opportunities for the Market Growth
3.3.3.3 Expansion of Opportunities in the Global SMR Market
3.4 U.S. Tariffs: What’s the Impact on the Global Small Modular Reactor (SMR) Market?
3.4.1 Overview
3.4.2 V-Shaped Recovery Scenario
3.4.2.1 Why V-Shaped Recovery?
3.4.2.2 Impact from Tariffs
3.4.2.3 Global Trade Environment (Tariffs & Trade Policy):
3.4.2.4 Geopolitical Drivers:
3.4.2.5 Supply Chain Structure & Shifts:
3.4.2.6 Logistics & Bottlenecks:
3.4.2.7 Cost & Margin Implications:
3.4.2.8 Market & Competitive Impact & Forecast:
3.4.3 U-Shaped Recovery Scenario
3.4.3.1 Why U-Shaped Recovery?
3.4.3.2 Impact from Tariffs
3.4.3.3 Global Trade Environment (Tariffs & Trade Policy):
3.4.3.4 Geopolitical Drivers:
3.4.3.5 Supply Chain Structure & Shifts:
3.4.3.6 Logistics & Bottlenecks:
3.4.3.7 Cost & Margin Implications:
3.4.3.8 Market & Competitive Impact & Forecast:
3.4.4 L-Shaped Recovery Scenario
3.4.4.1 Why L-Shaped Recovery?
3.4.4.2 Impact from Tariffs
3.4.4.3 Global Trade Environment (Tariffs & Trade Policy):
3.4.4.4 Geopolitical Drivers:
3.4.4.5 Supply Chain Structure & Shifts:
3.4.4.6 Logistics & Bottlenecks:
3.4.4.7 Cost & Margin Implications:
3.4.4.8 Market & Competitive Impact & Forecast:
3.4.5 What Strategic Considerations Should Clients Factor into Their Near-term (2027–2032) and Long-term (2027–2037) Planning?
3.4.6 Impact of the U.S. and China Trade War on the Small Modular Reactor (SMR) Market
3.4.7 How Might the Most Impacted Countries Experience Positive and Negative Effects Resulting from These Policy Changes?
3.5 Porter’s Five Forces Analysis
3.5.1 Bargaining Power of Suppliers – High
3.5.2 Bargaining Power of Buyers, Medium to High
3.5.3 Competitive Rivalry, Medium to High
3.5.4 Threat of Substitutes, High
3.5.5 Threat of New Entrants, Low to Medium
3.6 PESTLE Analysis

4 Small Modular Reactor (SMR) Market Analysis by Reactor Type
4.1 Key Findings
4.2 Reactor Type Segment: Market Attractiveness Index
4.3 Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
4.4 Water-Cooled SMR
4.4.1 Market Size by Region, 2027-2037 (US$ Billion)
4.4.2 Market Share by Region, 2027 & 2037 (%)
4.5 Advanced SMR
4.5.1 Market Size by Region, 2027-2037 (US$ Billion)
4.5.2 Market Share by Region, 2027 & 2037 (%)

5 Small Modular Reactor (SMR) Market Analysis by Configuration
5.1 Key Findings
5.2 Configuration Segment: Market Attractiveness Index
5.3 Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
5.4 Land-Based SMRs
5.4.1 Market Size by Region, 2027-2037 (US$ Billion)
5.4.2 Market Share by Region, 2027 & 2037 (%)
5.5 Marine-Based / Floating SMRs
5.5.1 Market Size by Region, 2027-2037 (US$ Billion)
5.5.2 Market Share by Region, 2027 & 2037 (%)
5.6 Multi-Module/ Integrated SMR Plants
5.6.1 Market Size by Region, 2027-2037 (US$ Billion)
5.6.2 Market Share by Region, 2027 & 2037 (%)

6 Small Modular Reactor (SMR) Market Analysis by Reactor Capacity
6.1 Key Findings
6.2 Reactor Capacity Segment: Market Attractiveness Index
6.3 Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
6.4 ≤20 MWe
6.4.1 Market Size by Region, 2027-2037 (US$ Billion)
6.4.2 Market Share by Region, 2027 & 2037 (%)
6.5 >20–50 MWe
6.5.1 Market Size by Region, 2027-2037 (US$ Billion)
6.5.2 Market Share by Region, 2027 & 2037 (%)
6.6 >50–150 MWe
6.6.1 Market Size by Region, 2027-2037 (US$ Billion)
6.6.2 Market Share by Region, 2027 & 2037 (%)
6.7 >150–300 MWe
6.7.1 Market Size by Region, 2027-2037 (US$ Billion)
6.7.2 Market Share by Region, 2027 & 2037 (%)

7 Small Modular Reactor (SMR) Market Analysis by Application
7.1 Key Findings
7.2 Application Segment: Market Attractiveness Index
7.3 Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
7.4 Grid & Utility Electricity
7.4.1 Market Size by Region, 2027-2037 (US$ Billion)
7.4.2 Market Share by Region, 2027 & 2037 (%)
7.5 Industrial Process Heat & Cogeneration
7.5.1 Market Size by Region, 2027-2037 (US$ Billion)
7.5.2 Market Share by Region, 2027 & 2037 (%)
7.6 Data Centers, Defence & Other Specialised Applications
7.6.1 Market Size by Region, 2027-2037 (US$ Billion)
7.6.2 Market Share by Region, 2027 & 2037 (%)
7.7 Hydrogen, Desalination & District Energy
7.7.1 Market Size by Region, 2027-2037 (US$ Billion)
7.7.2 Market Share by Region, 2027 & 2037 (%)
7.8 Remote & Off-Grid Power
7.8.1 Market Size by Region, 2027-2037 (US$ Billion)
7.8.2 Market Share by Region, 2027 & 2037 (%)

8 Small Modular Reactor (SMR) Market Analysis by Deployment & Commercial Model
8.1 Key Findings
8.2 Deployment & Commercial Model Segment: Market Attractiveness Index
8.3 Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
8.4 Utility-Owned / Utility-Led Deployment
8.4.1 Market Size by Region, 2027-2037 (US$ Billion)
8.4.2 Market Share by Region, 2027 & 2037 (%)
8.5 Government & Defence Deployment
8.5.1 Market Size by Region, 2027-2037 (US$ Billion)
8.5.2 Market Share by Region, 2027 & 2037 (%)
8.6 Data Center / Technology Company Deployment
8.6.1 Market Size by Region, 2027-2037 (US$ Billion)
8.6.2 Market Share by Region, 2027 & 2037 (%)
8.7 Energy-as-a-Service / BOO / PPA Models
8.7.1 Market Size by Region, 2027-2037 (US$ Billion)
8.7.2 Market Share by Region, 2027 & 2037 (%)
8.8 Industrial / Mining Deployment
8.8.1 Market Size by Region, 2027-2037 (US$ Billion)
8.8.2 Market Share by Region, 2027 & 2037 (%)
8.9 Other Partnerships & Financing Models
8.9.1 Market Size by Region, 2027-2037 (US$ Billion)
8.9.2 Market Share by Region, 2027 & 2037 (%)

9 Small Modular Reactor (SMR) Market Analysis by Region
9.1 Key Findings
9.2 Regional Market Size Estimation and Forecast

10 North America Small Modular Reactor (SMR) Analysis
10.1 Key Findings
10.2 North America Small Modular Reactor (SMR) Attractiveness Index
10.3 North America Small Modular Reactor (SMR) Market by Country, 2027, 2032 & 2037 (US$ Billion)
10.4 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Country
10.5 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
10.6 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
10.7 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
10.8 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
10.9 North America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
10.10 U.S. Small Modular Reactor (SMR) Analysis
10.11 Canada Small Modular Reactor (SMR) Analysis

11 Europe Small Modular Reactor (SMR) Analysis
11.1 Key Findings
11.2 Europe Small Modular Reactor (SMR) Attractiveness Index
11.3 Europe Small Modular Reactor (SMR) Market by Country, 2027, 2032 & 2037 (US$ Billion)
11.4 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Country
11.5 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
11.6 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
11.7 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
11.8 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
11.9 Europe Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
11.10 Russia Small Modular Reactor (SMR) Analysis
11.11 UK Small Modular Reactor (SMR) Analysis
11.12 Czech Republic Small Modular Reactor (SMR) Analysis
11.13 Poland Small Modular Reactor (SMR) Analysis
11.14 Sweden Small Modular Reactor (SMR) Analysis
11.15 Rest of Europe Small Modular Reactor (SMR) Analysis

12 Asia-Pacific Small Modular Reactor (SMR) Analysis
12.1 Key Findings
12.2 Asia-Pacific Small Modular Reactor (SMR) Attractiveness Index
12.3 Asia-Pacific Small Modular Reactor (SMR) Market by Country, 2027, 2032 & 2037 (US$ Billion)
12.4 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Country
12.5 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
12.6 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
12.7 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
12.8 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
12.9 Asia-Pacific Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
12.10 China Small Modular Reactor (SMR) Analysis
12.11 India Small Modular Reactor (SMR) Analysis
12.12 Japan Small Modular Reactor (SMR) Analysis
12.13 South Korea Small Modular Reactor (SMR) Analysis
12.14 Indonesia Small Modular Reactor (SMR) Analysis
12.15 Rest of Asia-Pacific Small Modular Reactor (SMR) Analysis

13 Middle East and Africa Small Modular Reactor (SMR) Analysis
13.1 Key Findings
13.2 Middle East and Africa Small Modular Reactor (SMR) Attractiveness Index
13.3 Middle East and Africa Small Modular Reactor (SMR) Market by Country, 2027, 2032 & 2037 (US$ Billion)
13.4 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Country
13.5 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
13.6 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
13.7 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
13.8 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
13.9 Middle East and Africa Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
13.10 GCC Small Modular Reactor (SMR) Analysis
13.11 South Africa Small Modular Reactor (SMR) Analysis
13.12 Rest of the Middle East and Africa Small Modular Reactor (SMR) Analysis

14 Latin America Small Modular Reactor (SMR) Analysis
14.1 Key Findings
14.2 Latin America Small Modular Reactor (SMR) Attractiveness Index
14.3 Latin America Small Modular Reactor (SMR) Market by Country, 2027, 2032 & 2037 (US$ Billion)
14.4 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Country
14.5 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Type
14.6 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Configuration
14.7 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Reactor Capacity
14.8 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Application
14.9 Latin America Small Modular Reactor (SMR) Market Size Estimation and Forecast by Deployment & Commercial Model
14.10 Brazil Small Modular Reactor (SMR) Analysis
14.11 Argentina Small Modular Reactor (SMR) Analysis
14.12 Rest of Latin America Small Modular Reactor (SMR) Analysis

15 Company Profiles
15.1 Competitive Landscape, 2026
15.1.1 Analysis Scope
15.1.2 Market-Share Estimation Approach
15.2 NuScale Power Corporation
15.2.1 Company Snapshot
15.2.2 Company Overview
15.2.3 Financial Analysis
15.2.3.1 Net Revenue, 2021-2025
15.2.3.2 R&D, 2021-2025
15.2.3.3 Business Segment Market Shares, 2025
15.2.4 Product Benchmarking
15.2.5 Strategic Outlook
15.2.6 SWOT Analysis
15.3 GE Vernova Hitachi Nuclear Energy
15.3.1 Company Snapshot
15.3.2 Company Overview
15.3.3 Product Benchmarking
15.3.4 Strategic Outlook
15.3.5 SWOT Analysis
15.4 Rolls-Royce SMR Limited
15.4.1 Company Snapshot
15.4.2 Company Overview
15.4.3 Product Benchmarking
15.4.4 Strategic Outlook
15.4.5 SWOT Analysis
15.5 Westinghouse Electric Company LLC
15.5.1 Company Snapshot
15.5.2 Company Overview
15.5.3 Product Benchmarking
15.5.4 Strategic Outlook
15.5.5 SWOT Analysis
15.6 Holtec International
15.6.1 Company Snapshot
15.6.2 Company Overview
15.6.3 Product Benchmarking
15.6.4 Strategic Outlook
15.6.5 SWOT Analysis
15.7 State Atomic Energy Corporation ROSATOM
15.7.1 Company Snapshot
15.7.2 Company Overview
15.7.3 Product Benchmarking
15.7.4 Strategic Outlook
15.7.5 SWOT Analysis
15.8 China National Nuclear Corporation (CNNC)
15.8.1 Company Snapshot
15.8.2 Company Overview
15.8.3 Product Benchmarking
15.8.4 Strategic Outlook
15.8.5 SWOT Analysis
15.9 Électricité de France S.A. (EDF)
15.9.1 Company Snapshot
15.9.2 Company Overview
15.9.3 Product Benchmarking
15.9.4 Strategic Outlook
15.9.5 SWOT Analysis
15.10 Mitsubishi Heavy Industries, Ltd. (MHI)
15.10.1 Company Snapshot
15.10.2 Company Overview
15.10.3 Financial Analysis
15.10.3.1 Net Revenue, 2021-2025
15.10.3.2 Regional Market Shares, 2025
15.10.3.3 Business Segment Market Shares, 2025
15.10.4 Product Benchmarking
15.10.5 Strategic Outlook
15.10.6 SWOT Analysis
15.11 Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
15.11.1 Company Snapshot
15.11.2 Company Overview
15.11.3 Financial Analysis
15.11.3.1 Net Revenue, 2021-2025
15.11.3.2 R&D, 2021-2025
15.11.3.3 Regional Market Shares, 2025
15.11.3.4 Business Segment Market Shares, 2025
15.11.4 Product Benchmarking
15.11.5 Strategic Outlook
15.11.6 SWOT Analysis
15.12 TerraPower, LLC
15.12.1 Company Snapshot
15.12.2 Company Overview
15.12.3 Product Benchmarking
15.12.4 Strategic Outlook
15.12.5 SWOT Analysis
15.13 X-Energy, Inc.
15.13.1 Company Snapshot
15.13.2 Company Overview
15.13.3 Product Benchmarking
15.13.4 Strategic Outlook
15.13.5 SWOT Analysis
15.14 Kairos Power, LLC
15.14.1 Company Snapshot
15.14.2 Company Overview
15.14.3 Product Benchmarking
15.14.4 Strategic Outlook
15.14.5 SWOT Analysis
15.15 Terrestrial Energy Inc.
15.15.1 Company Snapshot
15.15.2 Company Overview
15.15.3 Product Benchmarking
15.15.4 Strategic Outlook
15.15.5 SWOT Analysis
15.16 ARC Clean Technology
15.16.1 Company Snapshot
15.16.2 Company Overview
15.16.3 Product Benchmarking
15.16.4 Strategic Outlook
15.16.5 SWOT Analysis
15.17 Newcleo plc
15.17.1 Company Snapshot
15.17.2 Company Overview
15.17.3 Product Benchmarking
15.17.4 Strategic Outlook
15.17.5 SWOT Analysis
15.18 Saltfoss Energy
15.18.1 Company Snapshot
15.18.2 Company Overview
15.18.3 Product Benchmarking
15.18.4 Strategic Outlook
15.18.5 SWOT Analysis
15.19 BWX Technologies, Inc. (BWXT)
15.19.1 Company Snapshot
15.19.2 Company Overview
15.19.3 Financial Analysis
15.19.3.1 Net Revenue, 2021-2025
15.19.3.2 R&D, 2021-2025
15.19.3.3 Regional Market Shares, 2025
15.19.3.4 Business Segment Market Shares, 2025
15.19.4 Product Benchmarking
15.19.5 Strategic Outlook
15.19.6 SWOT Analysis

16 Conclusion and Recommendations
16.1 Concluding Remarks from Visiongain
16.2 Recommendations for Market Players
List of Other Companies Mentioned in the Report
List of Associations Mentioned in the Report
Associated Visiongain Reports
Appendix A
Report Evaluation Feedback
Appendix B
About Visiongain

List of Tables
Table 1 Small Modular Reactor (SMR) Market Snapshot, 2027 & 2037 (US$ Billion, CAGR %)
Table 2 Small Modular Reactor (SMR) Market: International Trade Tariff Impact Recovery Scenarios Snapshot
Table 3 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%)), Tariff Impact V-Shaped Recovery Scenario
Table 4 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%)), Tariff Impact U-Shaped Recovery Scenario
Table 5 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%)), Tariff Impact L-Shaped Recovery Scenario
Table 6 Global Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 7 Water-Cooled SMR Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 8 Advanced SMR Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 9 Global Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 10 Land-Based SMRs Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 11 Marine-Based / Floating SMRs Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 12 Multi-Module/ Integrated SMR Plants Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 13 Global Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 14 ≤20 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 15 >20–50 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 16 >150–300 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 17 >50–150 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 18 Global Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 19 Grid & Utility Electricity Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 20 Industrial Process Heat & Cogeneration Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 21 Data Centres, Defence & Other Specialised Applications Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 22 Hydrogen, Desalination & District Energy Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 23 Remote & Off-Grid Power Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 24 Global Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 25 Utility-Owned / Utility-Led Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 26 Government & Defence Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 27 Data Centre / Technology Company Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 28 Energy-as-a-Service / BOO / PPA Models Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 29 Industrial / Mining Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 30 Other Partnerships & Financing Models Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 31 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 32 North America Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 33 North America Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 34 North America Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 35 North America Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 36 North America Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 37 North America Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 38 US Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 39 Canada Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 40 Europe Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 41 Europe Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 42 Europe Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 43 Europe Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 44 Europe Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 45 Europe Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 46 Russia Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 47 UK Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 48 Czech Republic Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 49 Poland Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 50 Sweden Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 51 Rest of Europe Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 52 Asia-Pacific Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 53 Asia-Pacific Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 54 Asia-Pacific Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 55 Asia-Pacific Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 56 Asia-Pacific Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 57 Asia-Pacific Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 58 China Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 59 India Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 60 Japan Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 61 South Korea Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 62 Indonesia Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 63 Rest of Asia-Pacific Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 64 Middle East & Africa Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 65 Middle East & Africa Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 66 Middle East & Africa Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 67 Middle East & Africa Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 68 Middle East & Africa Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 69 Middle East & Africa Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 70 GCC Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 71 South Africa Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 72 Rest of Middle East & Africa Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 73 Latin America Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 74 Latin America Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 75 Latin America Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 76 Latin America Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 77 Latin America Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 78 Latin America Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 79 Brazil Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 80 Argentina Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 81 Rest of Latin America Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%), CAGR (%))
Table 82 NuScale Power Corporation: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 83 NuScale Power Corporation: Product Benchmarking
Table 84 NuScale Power Corporation: Strategic Outlook
Table 85 GE Vernova Hitachi Nuclear Energy (GEH): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 86 GE Vernova Hitachi Nuclear Energy (GEH): Product Benchmarking
Table 87 GE Vernova Hitachi Nuclear Energy (GEH): Strategic Outlook
Table 88 Rolls-Royce SMR Limited: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 89 Rolls-Royce SMR Limited: Product Benchmarking
Table 90 Rolls-Royce SMR Limited: Strategic Outlook
Table 91 Westinghouse Electric Company LLC: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 92 Westinghouse Electric Company LLC: Product Benchmarking
Table 93 Westinghouse Electric Company LLC: Strategic Outlook
Table 94 Holtec International: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 95 Holtec International: Product Benchmarking
Table 96 Holtec International: Strategic Outlook
Table 97 State Atomic Energy Corporation ROSATOM: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 98 State Atomic Energy Corporation ROSATOM: Product Benchmarking
Table 99 State Atomic Energy Corporation ROSATOM: Strategic Outlook
Table 100 China National Nuclear Corporation (CNNC): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 101 China National Nuclear Corporation (CNNC): Product Benchmarking
Table 102 China National Nuclear Corporation (CNNC): Strategic Outlook
Table 103 Électricité de France S.A. (EDF): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 104 Électricité de France S.A. (EDF): Product Benchmarking
Table 105 Électricité de France S.A. (EDF): Strategic Outlook
Table 106 Mitsubishi Heavy Industries, Ltd. (MHI): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 107 Mitsubishi Heavy Industries, Ltd. (MHI): Product Benchmarking
Table 108 Mitsubishi Heavy Industries, Ltd. (MHI): Strategic Outlook
Table 109 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 110 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Product Benchmarking
Table 111 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Strategic Outlook
Table 112 TerraPower, LLC: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 113 TerraPower, LLC: Product Benchmarking
Table 114 TerraPower, LLC: Strategic Outlook
Table 115 X-Energy, Inc: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 116 X-Energy, Inc: Product Benchmarking
Table 117 X-Energy, Inc: Strategic Outlook
Table 118 Kairos Power, LLC: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 119 Kairos Power, LLC: Product Benchmarking
Table 120 Kairos Power, LLC: Strategic Outlook
Table 121 Terrestrial Energy Inc: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 122 Terrestrial Energy Inc: Product Benchmarking
Table 123 Terrestrial Energy Inc: Strategic Outlook
Table 124 ARC Clean Technology: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 125 ARC Clean Technology: Product Benchmarking
Table 126 ARC Clean Technology: Strategic Outlook
Table 127 Newcleo plc: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 128 Newcleo plc: Product Benchmarking
Table 129 Newcleo plc: Strategic Outlook
Table 130 Saltfoss Energy : Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 131 Saltfoss Energy : Product Benchmarking
Table 132 Saltfoss Energy : Strategic Outlook
Table 133 BWX Technologies, Inc. (BWXT): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 134 BWX Technologies, Inc. (BWXT): Product Benchmarking
Table 135 BWX Technologies, Inc. (BWXT): Strategic Outlook

List of Figures
Figure 1 Small Modular Reactor (SMR) Market Segmentation
Figure 2 Small Modular Reactor (SMR) Market by Reactor Type: Market Attractiveness Index
Figure 3 Small Modular Reactor (SMR) Market by Configuration: Market Attractiveness Index
Figure 4 Small Modular Reactor (SMR) Market by Reactor Capacity: Market Attractiveness Index
Figure 5 Small Modular Reactor (SMR) Market by Application: Market Attractiveness Index
Figure 6 Small Modular Reactor (SMR) Market by Deployment & Commercial Model: Market Attractiveness Index
Figure 7 Small Modular Reactor (SMR) Market Attractiveness Index by Region
Figure 8 Small Modular Reactor (SMR) Market: Market Dynamics
Figure 9 Small Modular Reactor (SMR) Market: Impact Analysis
Figure 10 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%)), Tariff Impact V-Shaped Recovery Scenario
Figure 11 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%)), Tariff Impact U-Shaped Recovery Scenario
Figure 12 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%)), Tariff Impact L-Shaped Recovery Scenario
Figure 13 Small Modular Reactor (SMR) Market: Porter’s Five Forces Analysis
Figure 14 Small Modular Reactor (SMR) Market: PESTLE Analysis
Figure 15 Small Modular Reactor (SMR) Market by Reactor Type: Market Attractiveness Index
Figure 16 Global Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 17 Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027, 2032, 2037 (%)
Figure 18 Water-Cooled SMR Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 19 Water-Cooled SMR Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 20 Advanced SMR Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 21 Advanced SMR Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 22 Small Modular Reactor (SMR) Market by Configuration: Market Attractiveness Index
Figure 23 Global Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 24 Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027, 2032, 2037 (%)
Figure 25 Land-Based SMRs Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 26 Land-Based SMRs Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 27 Marine-Based / Floating SMRs Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 28 Marine-Based / Floating SMRs Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 29 Multi-Module/ Integrated SMR Plants Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 30 Multi-Module/ Integrated SMR Plants Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 31 Small Modular Reactor (SMR) Market by Reactor Capacity: Market Attractiveness Index
Figure 32 Global Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 33 Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027, 2032, 2037 (%)
Figure 34 ≤20 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 35 >150–300 MWe Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 36 >20–50 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 37 >50–150 MWe Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 38 >150–300 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 39 Multi-Module Aggregate Capacity Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 40 >50–150 MWe Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 41 Up to 50 MWe Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 42 Small Modular Reactor (SMR) Market by Application: Market Attractiveness Index
Figure 43 Global Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 44 Small Modular Reactor (SMR) Market Share Forecast by Application, 2027, 2032, 2037 (%)
Figure 45 Grid & Utility Electricity Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 46 Grid & Utility Electricity Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 47 Industrial Process Heat & Cogeneration Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 48 Industrial Process Heat & Cogeneration Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 49 Data Centres, Defence & Other Specialised Applications Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 50 Data Centres, Defence & Other Specialised Applications Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 51 Hydrogen, Desalination & District Energy Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 52 Hydrogen, Desalination & District Energy Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 53 Remote & Off-Grid Power Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 54 Remote & Off-Grid Power Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 55 Small Modular Reactor (SMR) Market by Deployment & Commercial Model: Market Attractiveness Index
Figure 56 Global Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 57 Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027, 2032, 2037 (%)
Figure 58 Utility-Owned / Utility-Led Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 59 Utility-Owned / Utility-Led Deployment Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 60 Government & Defence Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 61 Government & Defence Deployment Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 62 Data Centre / Technology Company Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 63 Data Centre / Technology Company Deployment Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 64 Energy-as-a-Service / BOO / PPA Models Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 65 Energy-as-a-Service / BOO / PPA Models Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 66 Industrial / Mining Deployment Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 67 Industrial / Mining Deployment Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 68 Other Partnerships & Financing Models Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 69 Other Partnerships & Financing Models Segment Market Share Forecast by Region, 2027 & 2037 (%)
Figure 70 Small Modular Reactor (SMR) Market Forecast by Region 2027 and 2037 (Revenue, CAGR%)
Figure 71 Small Modular Reactor (SMR) Market Share Forecast by Region 2027, 2032, 2037 (%)
Figure 72 Global Small Modular Reactor (SMR) Market by Region, 2027-2037 (US$ Bn, AGR (%))
Figure 73 North America Small Modular Reactor (SMR) Attractiveness Index
Figure 74 North America Small Modular Reactor (SMR) Market by Region, 2027, 2032 & 2037 (US$ Billion)
Figure 75 North America Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%))
Figure 76 North America Small Modular Reactor (SMR) Market Share Forecast by Country, 2027 & 2037 (%)
Figure 77 North America Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 78 North America Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027 & 2037 (%)
Figure 79 North America Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 80 North America Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027 & 2037 (%)
Figure 81 North America Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 82 North America Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027 & 2037 (%)
Figure 83 North America Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 84 North America Small Modular Reactor (SMR) Market Share Forecast by Application, 2027 & 2037 (%)
Figure 85 North America Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 86 North America Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027 & 2037 (%)
Figure 87 US Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 88 Canada Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 89 Europe Small Modular Reactor (SMR) Attractiveness Index
Figure 90 Europe Small Modular Reactor (SMR) Market by Region, 2027, 2032 & 2037 (US$ Billion)
Figure 91 Europe Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%))
Figure 92 Europe Small Modular Reactor (SMR) Market Share Forecast by Country, 2027 & 2037 (%)
Figure 93 Europe Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 94 Europe Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027 & 2037 (%)
Figure 95 Europe Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 96 Europe Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027 & 2037 (%)
Figure 97 Europe Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 98 Europe Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027 & 2037 (%)
Figure 99 Europe Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 100 Europe Small Modular Reactor (SMR) Market Share Forecast by Application, 2027 & 2037 (%)
Figure 101 Europe Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 102 Europe Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027 & 2037 (%)
Figure 103 Russia Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 104 UK Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 105 Czech Republic Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 106 Poland Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 107 Sweden Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 108 Rest of Europe Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 109 Asia-Pacific Small Modular Reactor (SMR) Attractiveness Index
Figure 110 Asia-Pacific Small Modular Reactor (SMR) Market by Region, 2027, 2032 & 2037 (US$ Billion)
Figure 111 Asia-Pacific Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%))
Figure 112 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Country, 2027 & 2037 (%)
Figure 113 Asia-Pacific Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 114 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027 & 2037 (%)
Figure 115 Asia-Pacific Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 116 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027 & 2037 (%)
Figure 117 Asia-Pacific Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 118 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027 & 2037 (%)
Figure 119 Asia-Pacific Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 120 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Application, 2027 & 2037 (%)
Figure 121 Asia-Pacific Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 122 Asia-Pacific Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027 & 2037 (%)
Figure 123 China Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 124 India Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 125 Japan Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 126 South Korea Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 127 Indonesia Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 128 Rest of Asia-Pacific Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 129 Middle East and Africa Small Modular Reactor (SMR) Attractiveness Index
Figure 130 Middle East and Africa Small Modular Reactor (SMR) Market by Region, 2027, 2032 & 2037 (US$ Billion)
Figure 131 Middle East & Africa Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%))
Figure 132 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Country, 2027 & 2037 (%)
Figure 133 Middle East & Africa Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 134 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027 & 2037 (%)
Figure 135 Middle East & Africa Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 136 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027 & 2037 (%)
Figure 137 Middle East & Africa Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 138 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027 & 2037 (%)
Figure 139 Middle East & Africa Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 140 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Application, 2027 & 2037 (%)
Figure 141 Middle East & Africa Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 142 Middle East and Africa Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027 & 2037 (%)
Figure 143 GCC Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 144 South Africa Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 145 Rest of Middle East & Africa Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 146 Latin America Small Modular Reactor (SMR) Attractiveness Index
Figure 147 Latin America Small Modular Reactor (SMR) Market by Region, 2027, 2032 & 2037 (US$ Billion)
Figure 148 Latin America Small Modular Reactor (SMR) Market by Country, 2027-2037 (US$ Bn, AGR (%))
Figure 149 Latin America Small Modular Reactor (SMR) Market Share Forecast by Country, 2027 & 2037 (%)
Figure 150 Latin America Small Modular Reactor (SMR) Market by Reactor Type, 2027-2037 (US$ Bn, AGR (%))
Figure 151 Latin America Small Modular Reactor (SMR) Market Share Forecast by Reactor Type, 2027 & 2037 (%)
Figure 152 Latin America Small Modular Reactor (SMR) Market by Configuration, 2027-2037 (US$ Bn, AGR (%))
Figure 153 Latin America Small Modular Reactor (SMR) Market Share Forecast by Configuration, 2027 & 2037 (%)
Figure 154 Latin America Small Modular Reactor (SMR) Market by Reactor Capacity, 2027-2037 (US$ Bn, AGR (%))
Figure 155 Latin America Small Modular Reactor (SMR) Market Share Forecast by Reactor Capacity, 2027 & 2037 (%)
Figure 156 Latin America Small Modular Reactor (SMR) Market by Application, 2027-2037 (US$ Bn, AGR (%))
Figure 157 Latin America Small Modular Reactor (SMR) Market Share Forecast by Application, 2027 & 2037 (%)
Figure 158 Latin America Small Modular Reactor (SMR) Market by Deployment & Commercial Model, 2027-2037 (US$ Bn, AGR (%))
Figure 159 Latin America Small Modular Reactor (SMR) Market Share Forecast by Deployment & Commercial Model, 2027 & 2037 (%)
Figure 160 Brazil Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 161 Argentina Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 162 Rest of Latin America Small Modular Reactor (SMR) Market by Value, 2027-2037 (US$ Bn, AGR (%))
Figure 163 Small Modular Reactor (SMR) Market: Company Share/Ranking, 2026
Figure 164 NuScale Power Corporation: Net Revenue, 2021-2025 (US$ Million, AGR%)
Figure 165 NuScale Power Corporation: R&D, 2021-2025 (US$ Million, AGR%)
Figure 166 NuScale Power Corporation: Business Segment Market Shares, 2025
Figure 167 NuScale Power Corporation: SWOT Analysis
Figure 168 GE Vernova Hitachi Nuclear Energy (GEH): SWOT Analysis
Figure 169 Rolls-Royce SMR Limited: SWOT Analysis
Figure 170 Westinghouse Electric Company LLC: SWOT Analysis
Figure 171 Holtec International: SWOT Analysis
Figure 172 State Atomic Energy Corporation ROSATOM: SWOT Analysis
Figure 173 China National Nuclear Corporation (CNNC): SWOT Analysis
Figure 174 Électricité de France S.A. (EDF): SWOT Analysis
Figure 175 Mitsubishi Heavy Industries, Ltd. (MHI): Net Revenue, 2021-2025 (US$ Million, AGR%)
Figure 176 Mitsubishi Heavy Industries, Ltd. (MHI): Regional Market Shares, 2025
Figure 177 Mitsubishi Heavy Industries, Ltd. (MHI): Business Segment Market Shares, 2025
Figure 178 Mitsubishi Heavy Industries, Ltd. (MHI): SWOT Analysis
Figure 179 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Net Revenue, 2021-2025 (US$ Million, AGR%)
Figure 180 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): R&D, 2021-2025 (US$ Million, AGR%)
Figure 181 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Regional Market Shares, 2025
Figure 182 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): Business Segment Market Shares, 2025
Figure 183 Korea Hydro & Nuclear Power Co., Ltd. (KHNP): SWOT Analysis
Figure 184 TerraPower, LLC: SWOT Analysis
Figure 185 X-Energy, Inc: SWOT Analysis
Figure 186 Kairos Power, LLC: SWOT Analysis
Figure 187 Terrestrial Energy Inc: SWOT Analysis
Figure 188 ARC Clean Technology: SWOT Analysis
Figure 189 Newcleo plc: SWOT Analysis
Figure 190 Saltfoss Energy : SWOT Analysis
Figure 191 BWX Technologies, Inc. (BWXT): Net Revenue, 2021-2025 (US$ Million, AGR%)
Figure 192 BWX Technologies, Inc. (BWXT): R&D, 2021-2025 (US$ Million, AGR%)
Figure 193 BWX Technologies, Inc. (BWXT): Regional Market Shares, 2025
Figure 194 BWX Technologies, Inc. (BWXT): Business Segment Market Shares, 2025
Figure 195 BWX Technologies, Inc. (BWXT): SWOT Analysis

Companies profiled in the report
ARC Clean Technology
BWX Technologies, Inc. (BWXT)
China National Nuclear Corporation (CNNC)
Électricité de France S.A. (EDF)
GE Vernova Hitachi Nuclear Energy
Holtec International
Kairos Power, LLC
Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
Mitsubishi Heavy Industries, Ltd. (MHI)
Newcleo plc
NuScale Power Corporation
Rolls-Royce SMR Limited
Saltfoss Energy
State Atomic Energy Corporation ROSATOM
TerraPower, LLC
Terrestrial Energy Inc.
Westinghouse Electric Company LLC
X-Energy, Inc.

Other companies mentioned in the report
Advanced Reactor Concepts, LLC
Ansaldo Nucleare S.p.A.
Antares Nuclear, Inc.
Bharat Heavy Electricals Limited (BHEL)
Blykalla AB
Calogena SAS
China General Nuclear Power Corporation (CGN)
Copenhagen Atomics A/S
Deep Fission, Inc.
Dual Fluid Energy Inc.
Fermi Energia OÜ
Hexana SAS
Japan Atomic Energy Agency (JAEA)
Jimmy Energy SAS
Last Energy, Inc.
LeadCold Reactors AB
Moltex Energy Limited
NAAREA SAS
NANO Nuclear Energy Inc.
Nuclear Power Corporation of India Limited (NPCIL)
Oklo Inc.
Radiant Industries, Inc.
Seaborg Technologies ApS
Shanghai Nuclear Engineering Research and Design Institute Co., Ltd. (SNERDI)
Steady Energy Oy
Thorizon B.V.
Toshiba Energy Systems & Solutions Corporation
U-Battery Limited
Ultra Safe Nuclear Corporation
Ultra Safe Nuclear Technologies Limited
Westinghouse Electric UK Holdings Limited (formerly Core Power-related design work excluded)

International associations
American Nuclear Society (ANS)
Associação Brasileira de Energia Nuclear — Brazilian Nuclear Energy Association (ABEN)
Australian Nuclear Association (ANA)
Canadian Nuclear Association (CNA)
China Nuclear Energy Association (CNEA)
Chinese Nuclear Society (CNS)
European Nuclear Society (ENS)
Generation IV International Forum (GIF)
Groupement des Industriels Français de l’Énergie Nucléaire (GIFEN)
Indian Nuclear Society (INS)
International Atomic Energy Agency (IAEA)
International Framework for Nuclear Energy Cooperation (IFNEC)
Japan Atomic Industrial Forum (JAIF)
Kerntechnische Gesellschaft — German Nuclear Society (KTG)
Korea Atomic Industrial Forum (KAIF)
Nuclear Energy Institute (NEI)
Nuclear Industry Association (NIA)
Nuclear Suppliers Group (NSG)
nucleareurope (formerly FORATOM)
OECD Nuclear Energy Agency (NEA)
Sustainable Nuclear Energy Technology Platform (SNETP)
World Association of Nuclear Operators (WANO)
World Institute for Nuclear Security (WINS)
World Nuclear Association (WNA)
World Nuclear Transport Institute (WNTI)

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