SMALL MODULAR REACTOR MARKET Size and trends

Small Modular Reactor Market Size and Trends

Small modular reactor market is estimated to be valued at USD 6.09 Bn in 2025 and is expected to reach USD 7.70 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.4% from 2025 to 2032.

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Growing need for clean energy generation across the globe is boosting demand for small modular reactors. These reactors offer flexible, economic, and safer nuclear energy and can be deployed at locations where the construction of large nuclear power plants may not be feasible. Furthermore, their modular design allows the mass manufacturing of identical reactor units in factories, thereby offering economies of scale. The rising focus on sustainable energy sources to reduce dependence on fossil fuels is further expected to support the small modular reactor market growth in the coming years.