Who are the key players in North America Small Modular Reactor Market industry?

The top five key players are NuScale Power, Westinghouse Electric Company, Terrestrial Energy, GE Hitachi Nuclear Energy, and Holtec International. These companies lead the market with advanced reactor designs, extensive R&D, and a portfolio of small modular reactors targeting diverse utility and industrial applications across the North American region.

What is the North America Small Modular Reactor Market growth?

The North America Small Modular Reactor Market is experiencing rapid growth due to increasing demand for clean energy and government support. For instance, in 2023, NuScale Power secured major contracts for modular reactor deployment, fueling optimism and propelling the market’s compound annual growth rate into double digits from 2023 onward.

Which segment accounted for the largest North America Small Modular Reactor Market share?

The power generation segment accounted for the largest market share. Utilities are adopting SMRs for clean, reliable baseload electricity for grids and remote locations. Their flexible deployment and modular construction are increasingly meeting growing energy demand while contributing to grid modernization efforts in North America.

What are the factors driving the North America Small Modular Reactor Market?

Key drivers include the push for decarbonization, government incentives, and rising energy security needs. Westinghouse Electric Company’s collaboration with utilities to deploy SMRs highlights initiatives supporting reliable, carbon-free energy, as industries and governments shift toward sustainable power solutions.

Which type accounted for the largest North America Small Modular Reactor Market share?

The light-water reactor (LWR) type leads the market share due to its mature safety technology and regulatory familiarity. Companies like GE Hitachi Nuclear Energy are advancing LWR-based SMR designs, making them a preferred choice for both new builds and grid integration throughout North America.

North America Small Modular Reactor Market Manufacturing Plant Project Report - Pre-Feasibility, Cost & ROI Analysis

North America Small Modular Reactor Market Plant Report, Pre-Feasibility, Production Cost Structure, Expenditure Report, Return on Investment (ROI), Economic Feasibility, Capex, OPEX, Machinery, Material Cost, Top Installation Services Providers Analysis

Last Updated: 23-07-2025 | Format: PDF | Report ID:10796 | Author: Lily

Procurement Report

North America Small Modular Reactor Market Procurement Resource Report

Plant ReportPre-FeasibilityProduction Cost StructureExpenditure ReportReturn on Investment (ROI)Economic FeasibilityCapexOPEXMachineryMaterial CostTop Installation Services Providers Analysis

1. North America Small Modular Reactor Market Plant Market Revenue (USD Million), (2020-2035)

1.1. North America Small Modular Reactor Market Plant By Regions/Countries

1.1.1. North America

1.1.2. Europe

1.1.3. Asia-Pacific

1.1.4. South America

2. North America Small Modular Reactor Market Plant Executive Summary

2.1. North America Small Modular Reactor Market Plant Market Historical and Forecasted Scenario

2.2. North America Small Modular Reactor Market Plant Production Cost Comparison Between 2025 and 2030

2.3. North America Small Modular Reactor Market Plant Income Projections

2.4. North America Small Modular Reactor Market Plant Expenditure Details

2.5. North America Small Modular Reactor Market Plant Profit Margin

3. North America Small Modular Reactor Market Plant Installation Cost Structure

3.1. Total North America Small Modular Reactor Market Plant Capital Investment (Capacity)

3.2. North America Small Modular Reactor Market Plant Working Capital By Country

3.3. North America Small Modular Reactor Market Plant Land Cost By Country

3.4. North America Small Modular Reactor Market Plant Civil Work Cost By Country

3.5. North America Small Modular Reactor Market Plant Machinery Cost By Country

3.6. North America Small Modular Reactor Market Plant Auxiliary Equipment Cost By Country

3.7. North America Small Modular Reactor Market Plant Services Charges By Country

4. North America Small Modular Reactor Market Plant Variable Costs Structure

4.1. North America Small Modular Reactor Market Plant Raw Materials

4.1.1. North America Small Modular Reactor Market Plant Raw Material Specifications

4.1.2. North America Small Modular Reactor Market Plant Raw Material Consumptions

4.1.3. North America Small Modular Reactor Market Plant Raw Material Costs

4.2. North America Small Modular Reactor Market Plant Utilities Consumption Costs

4.3. North America Small Modular Reactor Market Plant Co-Products Cost Credit

4.4. North America Small Modular Reactor Market Plant Labor Requirements and Costs

5. North America Small Modular Reactor Market Plant Fixed Cost Structure

5.1. North America Small Modular Reactor Market Plant Repair & Maintenance Cost

5.2. North America Small Modular Reactor Market Plant Overheads Cost

5.3. North America Small Modular Reactor Market Plant Insurance Cost

5.4. North America Small Modular Reactor Market Plant Depreciation Chargers

6. Top 5 Plant Installation Service Providers Comparative Analysis

6.1. North America Small Modular Reactor Market Plant Consulting Charges

6.2. North America Small Modular Reactor Market Plant Civil Services Charges

6.3. North America Small Modular Reactor Market Plant Installation Charges

6.4. Other Charges

About the Author

Lily

Senior Market Research Analyst

Lily is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Energy & Power. Lily brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Lily has helped organizations translate data into actionable growth strategies.

Energy & PowerMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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