아시아태평양의 소형 모듈 원자로 시장 : 용도별, 제품 유형별, 국가별 분석 및 예측(2025-2035년)

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Introduction to Asia-Pacific Small Modular Reactor Market

The Asia-Pacific small modular reactor market was valued at $100.1 million in 2024 and is projected to grow at a CAGR of 14.15%, reaching $358.3 million by 2035. The market is expanding in the APAC area due to the growing use of modular nuclear reactor technologies, which have factory-based manufacturing, standardized designs, and flexible deployment. As countries attempt to diversify energy sources and minimize carbon emissions, Small Modular Reactors (SMRs) are gaining popularity for powering distant locations, industrial zones, and supplementing aging grid systems. Demand is also being driven by the region's emphasis on energy security, quicker deployment schedules, and enhanced safety performance. As the world moves toward cleaner, more robust energy sources, APAC is emerging as a major center for SMR research thanks to technological developments in reactor designs, digital control systems, and efficient manufacturing.

Market Introduction

The market for small modular reactors (SMRs) in Asia-Pacific (APAC) is expanding quickly and is becoming an essential part of the region's long-term energy strategy. SMRs provide a versatile way to meet increasing energy consumption, decarbonization goals, and the requirement for energy availability in distant and industrial areas. This is driven by the growing demand for clean, dependable, and scalable electricity. They are particularly appealing to APAC's rapidly rising economies due to their factory-based manufacture, modular design, and quicker deployment schedules.

With the help of robust government support, public-private collaborations, and investments in nuclear research and development, nations like China, India, Japan, and South Korea are leading the way in SMR development. Applications for SMRs are being investigated for anything from desalination and grid stability to the production of hydrogen and process heat for heavy industries.

The APAC region's diverse geography and energy needs make SMRs a strategic fit, particularly where large-scale nuclear plants are not feasible. Additionally, heightened focus on carbon neutrality, energy diversification, and minimizing dependency on fossil fuels is accelerating regional interest. As advancements in advanced reactor designs and digital technologies continue, the APAC SMR market is expected to experience strong growth and play a key role in shaping a cleaner, more resilient energy future for the region.

Market Segmentation

Segmentation 1: by Application

• Electricity Production
• Combined Heat and Power
• Desalination
• Off-grid application

Segmentation 2: by Reactor Type

• Water-Cooled Reactors
• Liquid Metal-Cooled Fast Neutron Spectrum Reactors
• Molten Salt Reactors
• High-Temperature Gas-Cooled Reactors

Segmentation 3: by Power Generation Capacity

• <25 MW
• 25-100 MW
• 101-300 MW
• >300 MW

Segmentation 4: by Region

• Asia-Pacific - China, Japan

APAC Small Modular Reactor Market Trends, Drivers and Challenges

Key Market Trends

• Rising interest in decentralized and off-grid nuclear power solutions across remote regions and island nations.
• Increasing government-backed R&D programs and public-private partnerships to accelerate SMR deployment.
• Growing focus on hybrid energy systems integrating SMRs with renewables (solar, wind) and hydrogen production.
• Shift toward factory-fabricated, transportable SMR modules for faster and cost-effective deployment.
• Advancements in Generation IV reactor technologies and passive safety systems.

Key Market Drivers

• Surging electricity demand in developing economies like India, Indonesia, and Vietnam.
• Need for clean, reliable baseload power to support decarbonization and energy security goals.
• Limited land availability and public resistance to large-scale nuclear plants favoring smaller, safer reactor options.
• Supportive policy frameworks, feasibility studies, and funding initiatives in countries such as China and South Korea.
• Industrial and remote site demand for compact, high-efficiency nuclear solutions.

Major Challenges

• High initial development and certification costs for SMR technologies.
• Complex and varying regulatory landscapes across APAC countries.
• Limited operational experience and demonstration projects compared to conventional reactors.
• Public perception concerns regarding nuclear safety and waste management.
• Supply chain limitations and dependency on international nuclear fuel and component vendors.

How can this report add value to an organization?

Product/Innovation Strategy: The APAC small modular reactor market has been segmented based on application, reactor type, power generation capacity, and end-user category, providing valuable insights into deployment strategies and technology preferences. Application segmentation includes electricity production, combined heat and power, desalination, and off-grid power. By reactor type, the market has been divided into water-cooled reactors, liquid metal-cooled fast neutron spectrum reactors, molten salt reactors, and high-temperature gas-cooled reactors. Capacity segmentation covers units under 25 MW, 25-100 MW, 101-300 MW, and above 300 MW. The end user segmentation includes utilities, industrial operators, off-grid microgrid providers, and desalination plant operators. This segmentation framework supports targeted market analysis and strategic planning by stakeholders across technology development, policy, and finance.

Growth/Marketing Strategy: The APAC small modular reactor market has been growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.

Competitive Strategy: The key players in the APAC small modular reactor market analyzed and profiled in the study include professionals with expertise in the small modular reactor domain. Additionally, a comprehensive competitive landscape, such as partnerships, agreements, and collaborations, is expected to aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled in the Asia-Pacific small modular reactor market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:

• Tsinghua University
• Japan Atomic Energy Agency
• China National Nuclear Corporation
• MITSUBISHI HEAVY INDUSTRIES, LTD.

Table of Contents

Executive Summary

Scope and Definition

1 Markets

• 1.1 Trends: Current and Future Impact Assessment
  • 1.1.1 Growing Interest in Clean Energy Solutions
  • 1.1.2 Regulatory and Policy Support
• 1.2 Supply Chain Overview
  • 1.2.1 Value Chain Analysis
• 1.3 Research and Development Review
  • 1.3.1 Patent Filing Trend (Number of Patents by Year and by Patent Office)
• 1.4 Regulatory Landscape
• 1.5 Summary of Economic Assumptions for SMRs
• 1.6 Estimated CAPEX and OPEX Component Costs for SMR Designs ($/kW)
• 1.7 Market Dynamics Overview
  • 1.7.1 Market Drivers
    • 1.7.1.1 Advancements in Nuclear Technology
    • 1.7.1.2 Growing Research and Development Activities to Achieve Near Zero Emissions
  • 1.7.2 Market Restraints
    • 1.7.2.1 High Initial Costs and Infrastructure Limitations
    • 1.7.2.2 Regulatory and Licensing Hurdles
  • 1.7.3 Market Opportunities
    • 1.7.3.1 Surge in Decarbonization Policies
    • 1.7.3.2 Energy Access in Remote and Off-Grid Areas

2 Regions

• 2.1 Regional Summary
• 2.2 Asia-Pacific
  • 2.2.1 Regional Overview
  • 2.2.2 Driving Factors for Market Growth
  • 2.2.3 Factors Challenging the Market
  • 2.2.4 Application
  • 2.2.5 Product
  • 2.2.6 Asia-Pacific (by Country)
    • 2.2.6.1 China
      • 2.2.6.1.1 Application
      • 2.2.6.1.2 Product
    • 2.2.6.2 Japan
      • 2.2.6.2.1 Application
      • 2.2.6.2.2 Product

3 Markets - Competitive Benchmarking and Company Profiles

• 3.1 Next Frontiers
• 3.2 Market Share and Strategic Initiatives
• 3.3 Company Profiles
  • 3.3.1 Tsinghua University
    • 3.3.1.1 Overview
    • 3.3.1.2 Top Products/Product Portfolio
    • 3.3.1.3 Top Competitors
    • 3.3.1.4 Target Customers/End Users
    • 3.3.1.5 Key Personnel
    • 3.3.1.6 Analyst View
  • 3.3.2 Japan Atomic Energy Agency
    • 3.3.2.1 Overview
    • 3.3.2.2 Top Products/Product Portfolio
    • 3.3.2.3 Top Competitors
    • 3.3.2.4 Target Customers/End Users
    • 3.3.2.5 Key Personnel
    • 3.3.2.6 Analyst View
  • 3.3.3 China National Nuclear Corporation
    • 3.3.3.1 Overview
    • 3.3.3.2 Top Products/Product Portfolio
    • 3.3.3.3 Top Competitors
    • 3.3.3.4 Target Customers/End Users
    • 3.3.3.5 Key Personnel
    • 3.3.3.6 Analyst View
  • 3.3.4 State Power Investment Corporation Limited
    • 3.3.4.1 Overview
    • 3.3.4.2 Top Products/Product Portfolio
    • 3.3.4.3 Top Competitors
    • 3.3.4.4 Target Customers/End Users
    • 3.3.4.5 Key Personnel
    • 3.3.4.6 Analyst View
  • 3.3.5 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • 3.3.5.1 Overview
    • 3.3.5.2 Top Products/Product Portfolio
    • 3.3.5.3 Top Competitors
    • 3.3.5.4 Target Customers/End Users
    • 3.3.5.5 Key Personnel
    • 3.3.5.6 Analyst View

4 Research Methodology

• 4.1 Data Sources
  • 4.1.1 Primary Data Sources
  • 4.1.2 Secondary Data Sources
  • 4.1.3 Data Triangulation
• 4.2 Market Estimation and Forecast