APAC leads nuclear energy growth

Geopolitical tensions and the price of fossil fuels are fuelling diversification.

Asia Pacific is leading the growth of nuclear energy as countries balance the urgent need to decarbonise, whilst ensuring reliable, large-scale power generation.

According to Market Research Future, China and India are leading reactor construction to meet rising electricity demand and climate goals. Japan is also restarting reactors under stringent safety regulations.

“One of the strongest drivers is the global push for clean energy. As renewable adoption accelerates, there is growing recognition that nuclear can provide the continuous, high-capacity baseload power needed to complement intermittent solar and wind generation,” the company said.

Demand is also fuelled by energy security concerns. Geopolitical tensions and fossil fuel price volatility are pushing countries to diversify their energy mix, with nuclear energy emerging as a strategic solution.

There have been advancements in reactor design as governments’ support paves the way for new investments.

Some of the latest nuclear technologies are small modular reactors that are suitable for remote areas and industrial applications. There are also Generation IV reactors for enhanced safety, reduced waste, and better fuel efficiency, whilst molten salt and fast breeder reactors are in development to extend fuel life cycles and reduce radioactive waste.

The nuclear energy market is projected to reach $341.15b in 2032.

“With ongoing innovation, strong policy backing, and expanding regional adoption, nuclear power is positioned to play a critical role in ensuring both energy security and climate stability for decades to come,” Market Research Future said.