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Small Modular Nuclear Reactor Industry, Global, 2025–2040

Publisher Frost & Sullivan
Published Jan 13, 2026
Length 62 Pages
SKU # MC20763546

Description

This study examines the global small modular reactor (SMR) market from 2025 to 2040, forecasting robust growth driven by decarbonization demands, industrial electrification, high growth in electricity demand for data centers, and energy security needs. The next five years will see a small number of reactors coming online, but the mid-2030s will see an acceleration in deployments fueled by modular scalability, enhanced safety, and factory fabrication advantages.? SMRs promise additional prime power for grids, captive power for high-intensity users, and power for remote sites. However, the ultimate success will be linked to financial and project performance of the first wave of projects.

Key players dominate through innovative designs and strategic partnerships. NuScale Power, GE Hitachi Nuclear Energy, Rolls-Royce SMR, Westinghouse, X-energy, TerraPower, Holtec International, and China National Nuclear Corporation (CNNC) and Rosatom are the leading market participants. North America spearheads adoption, with the United States and Canada advancing projects amid data center demands; Europe (the United Kingdom and Poland) is accelerating its industry via policy support; Asia-Pacific, led by China and India, leverages state-backed initiatives.

Table of Contents

62 Pages
    • Scope of Analysis
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Small Modular Nuclear Reactor Industry
    • Key Findings
    • Key Types of SMR Reactors
    • The Two Most Advanced Global Projects
    • What is Needed for SMR to Succeed?
    • Growth Drivers
    • Growth Restraints
    • Big Tech Embraces Nuclear Power
    • TerraPower Nuclear Plant Timeline
    • Akademik Lomonosov Nuclear Plant Timeline
    • Forecast Assumptions
    • Additional Capacity Forecast by Country
    • Installed Capacity Forecast by Country
    • CAPEX Investment by Country
    • United States
    • China
    • United Kingdom
    • India
    • Japan
    • Czechia
    • Canada
    • France
    • Sweden
    • Competitive Environment
    • NuScale Power
    • TerraPower
    • GE Hitachi
    • Westinghouse
    • Rolls-Royce
    • Holtec International
    • X-Energy
    • Oklo Inc.
    • Kairos Power
    • Rosatom
    • CNNC
    • Other Market Participants
    • Growth Opportunity 1: Focus Development on Existing Plant Sites
    • Growth Opportunity 2: Partnerships with Governments and Local Players
    • Growth Opportunity 3: Partnerships with Technology Companies
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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