Small modular reactor market was valued at $6.2 billion in 2025 and is projected to reach $23.2 billion by 2035, growing at a CAGR of 14.2% during the forecast Period (2026-2035). Increased investment in advanced Small Modular Reactors (SMRs) is accelerating research and commercialization, creating opportunities for technological innovation and expanding the market. These investments enable companies to scale development, enhance efficiency, and bring next-generation nuclear solutions closer to commercialization. For instance, in February 2026, newcleo raised $88 million in funding to accelerate the development of next-generation small nuclear reactors that utilize recycled nuclear fuel for clean energy production. The company has secured over $124 million in 2025.
Browse the full report description of “Small Modular Reactor Market Size, Share & Trends Analysis by Product Type (Pressurized Water Reactor (PWR), High-Temperature Gas-Cooled Reactor (HTGR), Fast Neutron Reactor (FNR), Molten Salt Reactor (MSR), Heavy Water Reactor (HWR), and Others), By Power Generation Capacity (Up to 100 MW, 101 MW – 200 MW, and 201 MW – 300 MW), By Application (Power Generation, Desalination, Industrial Use / Process Heat, Research & Development, and Others), By End-User (Utilities, Government, Industrial Sector, and Research Institutions), By Deployment (Single?Module Systems, and Multi?Module Systems) Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/small-modular-reactor-market
Major Funding Initiatives Supporting SMR Development
- In February 2026, Deep Fission, Inc. secured $80 million to advance its nuclear technology, focusing on small modular pressurized water reactors (SMRs) installed one mile underground. The funding came from the sale of over 5 million restricted shares at $15 each, facilitated by Seaport Global Securities and The Benchmark Company. The design combines pressurized water reactor technology with deep borehole drilling from the oil and gas sector and geothermal heat-transfer methods, potentially reducing construction costs by 70–80% compared to traditional nuclear plants.
- In October 2025, Amazon's Cascade Advanced Energy Facility, featured small modular reactors (SMRs), aims to produce over 5 GW of carbon-free nuclear energy by 2039. Partnering with Energy Northwest and X-energy, Amazon plans to install up to 12 SMRs near Columbia Generating Station, leveraging the Generation IV Xe-100 reactor design. This design, suitable for various applications, utilizes advanced TRISO fuel for enhanced safety and efficiency, and aligns with efforts from other tech giants such as Microsoft, Google, and Meta to adopt reliable nuclear energy sources.
Market Coverage
- The market number available for – 2025-2035
- Base year- 2025
- Forecast period- 2026-2035
- Segment Covered-
- By Product Type
- By Power Generation Capacity
- By Application
- By End User
- By Deployment
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape - NuScale Power, LLC, Rolls-Royce SMR, TerraPower, Westinghouse Electric Co., X-Energy
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Small Modular Reactor Market Report Segment
By Product Type
- Pressurized Water Reactor (PWR)
- High-Temperature Gas-Cooled Reactor (HTGR)
- Fast Neutron Reactor (FNR)
- Molten Salt Reactor (MSR)
- Heavy Water Reactor (HWR)
- Others
By Power Generation Capacity
- Up to 100 MW
- 101 MW – 200 MW
- 201 MW – 300 MW
By Application
- Power Generation
- Desalination
- Industrial Use / Process Heat
- Research & Development
- Others (Hydrogen Production, District Heating)
By End User
- Utilities
- Government
- Industrial Sector
- Research Institutions
By Deployment
- Single?Module Systems
- Multi?Module Systems
Global Small Modular Reactor Market Report Segment by Region
North America
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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