According to Cognitive Market Research, the global small modular reactors SMRs market size will be USD 6581.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2632.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1974.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1513.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 329.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 131.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.
The light water reactor (LWR) is the fastest growing segment of the small modular reactors SMRs industry
