(MENAFN- GlobeNewsWire - Nasdaq) The Small Modular Reactor (SMR) Market offers significant opportunities due to the global shift towards clean energy and decarbonization. SMRs provide low-carbon power and can support renewable energy sources. Regulatory challenges and potential US trade tariffs impact growth. Key players are innovating to capitalize on these opportunities.

Dublin, Oct. 06, 2025 (GLOBE NEWSWIRE) -- The "Small Modular Reactor (SMR) Market Report 2025-2035" has been added to ResearchAndMarkets's offering.
World revenue for the Small Modular Reactor (SMR) Market is set to surpass US$64.40 billion in 2025, with strong revenue growth through to 2035.
Decarbonization and the Global Shift Toward Clean Energy
The growing urgency to reduce greenhouse gas emissions and meet international climate goals has placed nuclear energy, particularly Small Modular Reactors (SMRs), at the center of the global clean energy transition. SMRs offer a low-carbon alternative to fossil fuels while providing stable baseload power, making them an attractive option for countries aiming to decarbonize their power sectors.

With the Intergovernmental Panel on Climate Change (IPCC) emphasizing the critical need to limit global warming to 1.5?C, SMRs are being viewed as a key component in achieving net-zero targets. Their scalability and smaller footprint make them ideal for supplementing renewable energy sources, especially in regions where grid stability and land availability are concerns. This growing recognition is translating into policy support, investment incentives, and the inclusion of nuclear power in green taxonomies, significantly driving SMR deployment.
Regulatory Uncertainty and Lengthy Licensing Processes
One of the most significant challenges hindering the commercialization of SMRs is the lack of harmonized and streamlined regulatory frameworks across global markets. Nuclear regulation is inherently complex and highly country-specific, often resulting in prolonged approval timelines, even for advanced and standardized designs. While some countries like the U.S. (via the Nuclear Regulatory Commission) and Canada (via the Canadian Nuclear Safety Commission) have made early progress in reviewing and approving SMR technologies,Aisuch as NuScale's VOYGR design,Aimost nations lack clear pathways for licensing these new reactors.

In addition, international export regulations, nuclear liability laws, and public safety protocols further complicate cross-border deployments. The absence of globally accepted standards slows down deployment and increases compliance costs for developers, posing a major bottleneck to large-scale SMR adoption.
What would be the Impact of US Trade Tariffs on the Global Small Modular Reactor (SMR) Market?
The introduction or escalation of U.S. trade tariffs on critical components and materials for small modular reactors (SMRs) is expected to have varied effects on the global small modular reactor market, depending on the recovery trajectory of global supply chains and economic conditions.

As small modular reactors rely on high-tech components such as pressure vessels, control systems, specialized steel, and nuclear-grade fuels, any disruption in cost or availability of these imports can significantly affect project timelines, investment flows, and deployment strategies across regions. The impact of tariffs will also be influenced by the resilience of domestic manufacturing, the presence of strategic partnerships, and the pace of regulatory approvals.

Forecasts to 2035 and other analyses reveal commercial prospects

• In addition to revenue forecasting to 2035, the new study provides you with recent results, growth rates, and market shares.
• You will find original analyses, with business outlooks and developments.
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising small modular reactor (SMR) prices and recent developments.

Market Dynamics

• Market Driving Factors
  • Surging Adoption of SMR Technology Driving the Market Growth
  • Government Funding and Policy Support Driving the Market Growth
  • Energy Security and Reduced Fossil Fuel Dependence Driving the Market Growth
• Market Restraining Factors
  • High Capital Costs and Financing Risks Restrain the Market Growth
  • Regulatory and Licensing Delays Restrain the Market Growth
• Market Opportunities
  • Collaboration and Partnership Between Market Players as an Opportunity for Growth
  • Launch of New SMR Projects or Power Plants Opportunities for the Market Growth
  • Investment and Expansion of SMR Market Opportunities to Grow

Segments Covered in the Report

By Deployment

• Land-based Plant
• Marine-based Plant

By Design

• Twin Reactor Design
• Other Reactor Design
• Integral Reactor Design

By Coolant Type

• Molten Salt Reactors (MSR)
• Gas-Cooled Reactors (GCR)
• Liquid Metal Reactors (LMR)
• Other Coolant Type

By Type

• Pressurized Water Reactor (PWR)
• Pressurized Heavy Water Reactor (PHWR)
• High-Temperature Reactor (HTR)
• Fast Neutron Reactor (FNR)
• Other SMR Type

By End-Use

• Power Generation
• Desalination
• Process Heat Supply
• Industrial Applications
• District Heating
• Other End-Uses

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 25 leading national markets.

The report also includes profiles for some of the leading companies in the Small Modular Reactor (SMR) Market, with a focus on this segment of these companies' operations.
Leading companies profiled in the report

• Bharat Heavy Electricals Limited
• BWX technologies, Inc
• China National Nuclear Corporation (CNNC)
• Framatome
• GE Hitachi Nuclear Energy
• General Atomics (GA)
• Mitsubishi Heavy Industries, Ltd
• NuScale Power, LLC
• NUWARD
• Rolls-Royce SMR
• Rosatom Group
• Terrestrial Energy Inc
• Toshiba Energy Systems & Solutions Corporation
• Westinghouse Electric Corporation
• X Energy, LLC

How will the Small Modular Reactor (SMR) Market report help you?
The report provides you with the following knowledge:

• Revenue forecasts to 2035 with forecasts for deployment, design, coolant type, type and end-use, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
• Revenue forecasts to 2035 for five regional and 25 key national markets, among other prominent economies.
• Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Small Modular Reactor (SMR) Market.

For more information about this report visit

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