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Global Nuclear Energy Renaissance and Small Modular Reactor (SMR) Market Strategic Outlook, 2026-2031 | AI Data Center Demand Drives 9.5% CAGR and USD 206.9 Billion by 2031

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PCG Constellation Energy is mentioned as a leading company in the nuclear value chain, benefiting from the global nuclear energy renaissance and increasing demand from AI data centers, indicating strong growth potential. GEV GE Vernova is identified as a key player in the nuclear value chain, poised to benefit from the resurgence of nuclear energy and the significant demand from AI infrastructure for reliable, zero-carbon power. ROL Rolls-Royce is named as a significant company in the nuclear energy sector, expected to gain from the global nuclear renaissance and the growing need for SMRs, particularly driven by AI data center power demands. CCJ Cameco is highlighted as a leading company in the nuclear value chain, set to benefit from the global nuclear energy renaissance and the substantial increase in demand for nuclear power, especially from AI infrastructure. BWXT BWX Technologies is recognized as a key participant in the nuclear value chain, well-positioned to capitalize on the global nuclear energy renaissance and the escalating demand for nuclear power driven by AI data centers. MSFT Microsoft is identified as a hyperscale technology company committed to securing significant nuclear capacity to power its AI data centers, indicating a strong demand driver for the nuclear energy sector. GOOG Alphabet (Google) is named as a hyperscale technology company planning to secure substantial nuclear capacity for its AI data centers, highlighting its role as a major demand driver for nuclear energy. AMZN Amazon is listed as a hyperscale technology company committed to procuring significant nuclear power capacity to support its AI data centers, positioning it as a key driver for the nuclear energy market. META Meta Platforms is identified as a hyperscale technology company making commitments for substantial nuclear capacity to power its AI infrastructure, signaling strong demand for nuclear energy.

Global Nuclear Energy Renaissance and Small Modular Reactor (SMR) Market Strategic Outlook, 2026-2031 | AI Data Center Demand Drives 9.5% CAGR and USD 206.9 Billion by 2031 Dublin, Oct. 19, 2026 (GLOBE NEWSWIRE) -- "Global Nuclear Energy Renaissance & Small Modular Reactor (SMR) Market Strategic Research Report" has been added to ResearchAndMarkets.com's offering.

The global nuclear energy renaissance and Small Modular Reactor (SMR) market is valued at USD 120.0 billion in 2025 and is projected to reach USD 206.9 billion by 2031. This represents a 9.5% CAGR -- the fastest sustained growth rate among major energy infrastructure verticals during the forecast period. The market outlook is supported by primary financial data from leading companies across the nuclear value chain, including EDF, Constellation Energy, GE Vernova, Rolls-Royce, Cameco, and BWX Technologies.

Rising electricity demand from artificial intelligence infrastructure is emerging as a defining market catalyst. Hyperscale technology companies, including Microsoft, Google, Amazon, and Meta, have committed to securing more than 10 GW of nuclear capacity through 2031. Nuclear power is increasingly being prioritized as a dispatchable, zero-carbon source capable of supporting the continuous, gigawatt-scale electricity requirements of AI data centres.

This procurement activity represents one of the most consequential sources of new US nuclear demand since the 1979 Three Mile Island accident constrained domestic development. The AI Data Centre & C&I Power segment is forecast to record the strongest application-level growth, increasing from USD 9.6 billion in 2025 to USD 31.0 billion by 2031 at a 21.6% CAGR. Its market share is expected to rise from 8% to 15% over the same period.

Asia-Pacific is positioned as both the largest and fastest-growing regional nuclear energy market. Its value is forecast to increase from USD 50.4 billion in 2025, representing a 42% share, to USD 95.2 billion by 2031, representing 46% of the global market. This expansion equates to an 11.2% CAGR and is being driven by China's accelerated domestic reactor buildout and India's progress toward its 100 GW nuclear capacity target for 2047.

Competition for sovereign nuclear technology exports is also intensifying. Rosatom, Westinghouse, and CGN/CNNC are among the leading participants pursuing international reactor construction, technology deployment, fuel supply, and long-term service opportunities.

Report Scope

Intended Users

The report is designed to support strategic planning, procurement, investment analysis, market entry, and policy development across the nuclear energy industry. Intended users include:

With AI infrastructure accelerating electricity consumption and governments prioritizing energy security, nuclear power and SMR technologies are positioned for significant investment through 2031. The report provides the market intelligence required to assess regional opportunities, competitive positioning, financing challenges, and emerging nuclear procurement models.

Key Topics Covered:

For more information about this report visit https://www.researchandmarkets.com/r/9r3n85

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