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Movie Production Market to Grow by USD 90.4 Billion (2025-2029) with Growing Popularity of Global Box Office Boosting the Market, Report with Market Evolution Powered by AI – Technavio

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NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global movie production market size is estimated to grow by USD 90.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  14.6%  during the forecast period. Growing popularity of global box office is driving market growth, with a trend towards increased focus on digital movie screens. However, growing threat of piracy  poses a challenge. Key market players include A24 Films LLC, Annapurna Productions LLC, Anonymous Content, Dharma Productions Pvt. Ltd., Eros International Media Ltd., Legend Pictures LLC, Lions Gate Entertainment Corp., MGM Studios, Paramount Global, RatPac Entertainment LLC, Red Chillies Entertainments Pvt. Ltd., Sony Pictures Entertainment Inc., Storyteller Distribution Co. LLC, Technicolor SA, The Walt Disney Co., UltraV Holdings LLC, Universal Pictures, Village Roadshow Ltd., Warner Bros. Entertainment Inc., and Yash Raj Films Pvt. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Movie Production Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 14.6%

Market growth 2025-2029

USD 90.4 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.6

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, China, UK, Canada, Germany, India, France, Japan, South Korea, and Italy

Key companies profiled

A24 Films LLC, Annapurna Productions LLC, Anonymous Content, Dharma Productions Pvt. Ltd., Eros International Media Ltd., Legend Pictures LLC, Lions Gate Entertainment Corp., MGM Studios, Paramount Global, RatPac Entertainment LLC, Red Chillies Entertainments Pvt. Ltd., Sony Pictures Entertainment Inc., Storyteller Distribution Co. LLC, Technicolor SA, The Walt Disney Co., UltraV Holdings LLC, Universal Pictures, Village Roadshow Ltd., Warner Bros. Entertainment Inc., and Yash Raj Films Pvt. Ltd.

Market Driver

Movie production market is thriving with new trends shaping the industry. Theaters continue to be a key revenue source, but digital platforms are gaining popularity. 3D films and virtual reality (VR) are on the rise, with streaming services like IPTV, Digital newspapers, DTH, and Digital cable leading the charge. Millennials prefer watching movies and TV shows on the Internet, driving growth in the online streaming market. Hollywood, local production houses, and film studios are adapting to this shift, producing content for screens of all sizes. Streaming services and social media platforms are disrupting traditional film distribution, with studios and broadcasters collaborating with OTT platforms. Chinese, Japanese, Indian, Philippine, Vietnamese, Australian, and general entertainment movies & music are increasingly available online. Creative writing, music, and TV shows are in demand, with production companies and distribution companies playing crucial roles. Smart devices like tablets, laptops, and mobile phones make on-the-go viewing a reality. Hit shows like Squid Games prove the power of digital content. The future of movie production is exciting, with innovation at every turn. 

The global movie production market is experiencing significant growth due to the expansion of digital movie screens globally. This trend is driven by the availability of a diverse range of films from various regions, languages, and genres, as well as rising disposable incomes. In particular, emerging markets are showing strong growth. With consumers seeking superior entertainment experiences, investments in new digital movie theaters are increasing. The primary format for films is now Digital Cinema Packages (DCPs), which have replaced traditional 35-mm film prints. A DCP is a collection of digital files used for movie projection in theaters. This shift to digital technology is a key factor fueling market growth. 

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 Market Challenges

•         Movie production market faces various challenges in today’s dynamic media landscape. Traditional theaters compete with live streaming services like IPTV, Digital cable, DTH, and streaming platforms. Millennials prefer watching movies and TV shows on their smart devices, including tablets, laptops, and mobile phones. 3D films and virtual reality (VR) are disrupting the industry, while online streaming market for movies, music, and videos continues to grow. Film distributors, Hollywood studios, and local production houses face competition from streaming services and social media platforms. Box office collections depend on cinema chains and OTT platforms. China, Japan, India, Philippines, Vietnam, Australia, and other countries contribute unique movies and music to the market. Production companies, distribution companies, film studios, broadcasters, and cinema chains collaborate to meet consumer demands. Creative writing, music, and TV shows are essential components of this evolving industry.

•         Film piracy is an unauthorized activity that negatively impacts the movie production market. With the rise of online movie ticket booking services, the convenience they offer has made them a popular platform for accessing and downloading pirated content. This illegal activity harms the profitability of the movie industry as it provides a free alternative to paying for legitimate movie watching channels. In the global movie production market, film piracy can significantly reduce revenue for movie producers and distributors, potentially impacting future investments in film production.

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Segment Overview 

This movie production market report extensively covers market segmentation by  

LanguageEnglishFrenchSpanishMandarinOthersGenreDramaActionComedyOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth AmericaProductMoviesMusicVideos

1.1 English-  The English movie production market is dominated by key vendors such as Warner Bros and Walt Disney, known for their extensive film libraries. Walt Disney Studios, in particular, boasts a collection of over 5,500 live-action and animated movies, spanning a century of production history. In 2023, the Studios Division of Walt Disney introduced about fifty films and thirty television shows for their direct-to-consumer (DTC) platform, in addition to the Fox brands’ offerings. These channels broadcast thematically branded English content, including genres like comedy, crime, and more, across the globe. Advancements in technology continue to shape the English movie production landscape. For instance, 360-degree videos, which record all angles of a movie set, have emerged as a trend. These videos, along with virtual reality (VR), are the latest advances in digital content after 3D, 4D, and 5D technologies. VR is particularly noteworthy, as it is being extensively used in English movies to create experiences for audiences. These technological innovations are expected to drive the growth of the English movie production market during the forecast period.

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Research Analysis

The Movie Production Market is a dynamic and ever-evolving industry that encompasses various modes of watching, from traditional cinemas to emerging technologies like Virtual Reality (VR) and Online Streaming. The market includes 3D films, IPTV, Digital newspapers, DTH, and Digital cable, providing diverse options for audiences worldwide. The market is rich with content from various genres, including General Entertainment Movies, Chinese Movies & Music, Japanese Movies & Music, Indian Movies & Music, Philippine Movies & Music, Vietnam Movies & Music, Australian Movies & Music, and more. Production houses are the backbone of this industry, employing creative writing, music, and TV shows to bring stories to life. The recent phenomenon of shows like “Squid Games” has further fueled the growth of the market, making it an exciting space to watch.

Market Research Overview

The Movie Production Market is a dynamic and ever-evolving industry that encompasses various forms of media and technology. Movies, once a staple of traditional theaters, now find a home on various platforms, including IPTV, Digital newspapers, DTH, and Digital cable. Streaming platforms like Netflix, Amazon Prime, and Disney+ have revolutionized the way we consume content, with Millennials leading the shift towards online streaming. 3D films and Virtual Reality (VR) are pushing the boundaries of cinematic experience, while Television and Music & videos continue to dominate the residential and commercial sectors. Film distributors play a crucial role in bringing these productions to various screens, from Hollywood blockbusters to local productions from China, Japan, India, the Philippines, Vietnam, Australia, and beyond. Production companies, studios, and broadcasters collaborate to create engaging content, while cinemas and OTT platforms adapt to the changing landscape. Social media platforms have become essential marketing tools, with shows like “Squid Games” breaking records and sparking global conversations. Smart devices, from tablets to laptops and mobile phones, make it easier than ever to access this content, making the Movie Production Market an exciting and innovative space to watch.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

LanguageEnglishFrenchSpanishMandarinOthersGenreDramaActionComedyOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth AmericaProductMoviesMusicVideos

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Changan Group Advances Global Strategy with “1+4+4+5” Framework, Targeting RMB 600 Billion in Revenue by 2030

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The Group sets out Six Major Leaps and five doubling targets, with RMB 600 billion in revenue and 1.5 million overseas sales in its sights for 2030.

CHONGQING, China, April 22, 2026 /PRNewswire/ — Changan Group held its Global Strategy Launch and Global Partner Conference in Chongqing on April 21, 2026, presenting its “1+4+4+5” strategic framework to around 700 delegates. The strategy reinforces and advances the Group’s Vast Ocean Plan, with a clear ambition: to enter the global automotive top ten and reach RMB 600 billion in revenue by 2030.

The “1+4+4+5” strategy is built around one vision: to build a world-class automotive group with global competitiveness and homegrown core technologies. It consists of four business pillars: vehicles, components, services, and next-generation ecosystem industries; and four transformation priorities: intelligence, green development, globalization, and integration.

Guided by a two-step, ten-year roadmap, the Group targets five doublings by 2030: new energy vehicle (NEV) sales, overseas vehicle sales, total revenue, total profit, and brand value. Specific 2030 goals include 2.4 million NEV sales, 1.5 million overseas vehicle sales, RMB 600 billion in revenue, and RMB 200 billion in brand value, earning Changan a place among the world’s Top 500 Influential Brands.

“Today we are entering a remarkable new era shaped by profound change and unprecedented opportunity. Every transformation creates the conditions for a new generation of world class enterprises. Changan Group will stay committed to co-development and shared prosperity, working with our industry partners with one purpose and one direction, side by side as we move forward.”
— Zhu Huarong, Chairman, Changan Group

Six Major Leaps

To drive the strategy, Changan defined Six Major Leaps, each representing a measurable shift:

The Experience Leap marks a shift from single-domain smart driving to full-vehicle intelligence powered by SDA Intelligence.

The Power Leap moves from traditional energy to green and high-efficiency solutions, striving for carbon peak by 2027.

The Scale Leap expands multi-source growth by doubling NEV and overseas sales.

The Ecosystem Leap upgrades from “large industry, small ecosystem” to “large industry, large ecosystem.”

The System Leap shifts from traditional management to modern global governance.

The Value Leap pushes full transition to an intelligent, low-carbon mobility technology company.

Globalization: Three Major Plans

Under the strategy, Changan advances three key plans: the Green Plan, the Intelligent Plan, and the Vast Ocean Plan. Together, they accelerate its evolution into a leader in intelligent, low-carbon mobility technologies.

The Green Plan strengthens core NEV technologies and embeds sustainability across the vehicle lifecycle. The Intelligent Plan delivers ultra-safe intelligent mobility solutions.

The Vast Ocean Plan pushes for comprehensive brand and industrial globalization, guided by long-term development, localization, systematization and integrated ESG principles.

Foundations

The strategy rests on strong foundations. In 2025, Changan Group sold 2.913 million vehicles, up 8.5% year-on-year, with NEV sales exceeding 1.1 million units. It has ranked first in China’s National Enterprise Technology Center assessment for 14 consecutive years. Its 24,000-strong global R&D team holds 20,935 patents (71% invention patents) and contributed to 408 industry standards.

Changan operates in 118 countries through 1,124 outlets, with 22 overseas manufacturing bases and 350,000 units of annual capacity. In March 2026, it achieved monthly overseas sales of over 100,000 units for the first time. With solid progress and clear goals, Changan Group is moving steadily toward its 2030 global ambitions.

Website: www.globalchangan.com 
X (Twitter): @globalchangan 
Instagram, Facebook, Youtube and TikTok: @changanautomobile

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SOURCE Chongqing Changan Automobile Co., Ltd.

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Global Absorption Chiller Market to Reach USD 2.98 Billion by 2036 as Waste Heat Utilization and District Cooling Drive Sustainable Cooling Adoption

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NEWARK, Del., April 22, 2026 /PRNewswire/ — According to the latest analysis by Future Market Insights, the global absorption chiller market is witnessing steady and structurally significant growth, driven by increasing demand for energy-efficient cooling solutions, expanding district cooling infrastructure, and rising adoption of waste heat recovery systems. As industries and commercial facilities prioritize decarbonization and operational efficiency, absorption chillers are emerging as a strategic alternative to conventional electric cooling technologies.

Get detailed market forecasts, competitive benchmarking, and pricing trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-1584

Quick Stats: Absorption Chiller Market (2026–2036)

Market Size (2026): USD 1.88 BillionForecast Value (2036): USD 2.98 BillionCAGR (2026–2036): 4.7%Incremental Opportunity: USD 1.10 BillionLeading Technology Segment: Double-Stage (85.4% share)Dominant Absorber Type: Lithium Bromide (92.5% share)Key Growth Regions: India, China, Middle East, North AmericaPrimary Applications: District Cooling, Industrial Process Cooling, Commercial Buildings

Market Size, Forecast & Growth Outlook

The absorption chiller market was valued at USD 1.80 billion in 2025 and is projected to reach USD 1.88 billion in 2026, expanding further to USD 2.98 billion by 2036 at a CAGR of 4.7%.

Growth is primarily fueled by increasing integration of thermal energy systems, where waste heat, solar thermal energy, or cogeneration exhaust is utilized as a low-cost energy source for cooling.

India leads growth with a CAGR of 5.4%, driven by district cooling mandates and industrial energy efficiency initiativesChina follows at 4.6%, supported by infrastructure expansion and energy efficiency targetsCanada (4.2%) and Japan (4.0%) reflect stable adoption in mature markets

This trajectory highlights the market’s transition toward energy-integrated cooling systems that align with global sustainability goals.

Demand Drivers: Decarbonization, Waste Heat Utilization & Regulatory Push

The absorption chiller market is strongly influenced by environmental regulations and energy optimization strategies.

Primary Growth Drivers

Building Energy Efficiency Mandates: Increasing regulatory pressure to reduce energy consumption and carbon emissionsDistrict Cooling Expansion: Rising investments in centralized cooling infrastructure, particularly in high-temperature regionsWaste Heat Recovery Adoption: Industrial facilities leveraging exhaust heat to generate cooling capacityLow-GWP Refrigerant Transition: Compliance with global agreements promoting eco-friendly refrigerants

Absorption chillers offer a compelling value proposition by utilizing waste heat instead of electricity, significantly reducing operational costs and emissions.

Technology Landscape: Efficiency and Sustainability at the Core

The market is defined by technology configurations optimized for performance and energy utilization:

Double-Stage Absorption Chillers (85.4% share):
Lead the market due to higher efficiency and better performance at elevated temperaturesLithium Bromide Systems (92.5% share):
Dominate due to superior absorption efficiency and reliability in large-scale applicationsEmerging Trend:
Increasing adoption of solar-thermal-driven absorption systems in high-insolation regions

These systems are particularly effective in applications where continuous thermal energy availability aligns with cooling demand.

Supply Chain Dynamics: Integrated Energy Ecosystem

Upstream

Heat source providers (cogeneration systems, industrial exhaust, solar thermal)Component manufacturers (heat exchangers, pumps, control systems)

Midstream (OEMs)

Key manufacturers include:

Thermax LtdShuangliang Eco-Energy Systems Co. Ltd.Carrier CorporationTrane Inc.Johnson Controls

These companies focus on system integration, efficiency optimization, and lifecycle services.

Downstream

District cooling developersIndustrial facilitiesCommercial real estate developers

Pricing Trends & Value Proposition

Absorption chillers operate within a value-based pricing model:

Higher upfront costs compared to electric chillersSignificantly lower lifecycle costs when waste heat is availableIncreasing ROI driven by energy savings and regulatory compliance

The key purchasing decision factor is total cost of ownership (TCO) rather than initial capital expenditure.

Access the Complete Report in PDF Format: https://www.futuremarketinsights.com/reports/brochure/rep-gb-1584

Segment Analysis: High-Efficiency Systems Drive Demand

By Technology

Double-stage systems dominate due to superior coefficient of performanceSingle-stage systems cater to smaller or lower-temperature applications

By Absorber Type

Lithium bromide leads due to high efficiency and reliabilityAmmonia-based systems serve niche industrial applications

By Application

District cooling and commercial buildings lead adoptionIndustrial process cooling is a fast-growing segment

Regional Analysis: Growth Anchored in Energy Transition

Asia Pacific (High Growth)

India and China drive demand through infrastructure and industrial expansionStrong adoption of district cooling and waste heat recovery

North America

Growth supported by data center expansion and sustainability initiatives

Japan

Mature market with established cogeneration infrastructure

Middle East

High adoption driven by extreme climate conditions and district cooling projects

Competitive Landscape: Efficiency, Integration & Service Define Leadership

The market is moderately consolidated, with competition based on:

Efficiency at varying thermal inputsIntegration with district cooling systemsAftermarket services and maintenance capabilities

Key Players

Thermax LtdShuangliang Eco-Energy Systems Co. Ltd.Carrier CorporationTrane Inc.Johnson Controls

Companies are increasingly investing in R&D, renewable integration, and advanced control systems to enhance competitiveness.

Risks & Market Constraints

High initial capital investmentComplex integration with thermal energy infrastructureCompetition from advanced electric chillersMaintenance requirements and operational complexity

Investment Opportunities & Future Outlook

The absorption chiller market presents long-term opportunities in:

Solar-powered absorption cooling systemsIndustrial waste heat recovery integrationDistrict cooling infrastructure expansionSmart energy management and hybrid cooling systems

Buy Report: Unlock 360° insights for strategic decision making and investment planning: https://www.futuremarketinsights.com/checkout/1584

Future Outlook (2036)

By 2036, absorption chillers will become a critical component of integrated energy systems, particularly in regions prioritizing decarbonization and energy efficiency. The market will increasingly align with renewable energy integration and circular energy utilization models.

Strategic Takeaway for Decision-Makers

The absorption chiller market is not just an HVAC segment—it is an energy strategy solution. Organizations that integrate cooling systems with thermal energy infrastructure will unlock significant cost and sustainability advantages.

As global industries move toward low-carbon, energy-efficient operations, absorption chillers will play a pivotal role in shaping the future of sustainable cooling.

Related Reports:

Blast Chillers Market- https://www.futuremarketinsights.com/reports/blast-chillers-market

Adsorption Chillers Market- https://www.futuremarketinsights.com/reports/adsorption-chillers-market

Data Center Chillers Market- https://www.futuremarketinsights.com/reports/data-center-chillers-market

About Future Market Insights (FMI) 

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Headquartered in Delaware, USA, with a global delivery center in India and offices in the UK and UAE, FMI delivers actionable insights to businesses across industries including automotive, technology, consumer products, manufacturing, energy, and chemicals. 

An ESOMAR-certified research organization, FMI provides custom and syndicated market reports and consulting services, supporting both Fortune 1,000 companies and SMEs. Its team of 300+ experienced analysts ensures credible, data-driven insights to help clients navigate global markets and identify growth opportunities. 

For Press & Corporate Inquiries
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Future Market Insights, Inc.
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Chulalongkorn University’s Engineering Prepares for “SMRs”–Newer, Safer Small Nuclear Power Plants for Clean Energy in Thailand

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BANGKOK, April 21, 2026 /PRNewswire/ — Chulalongkorn University aims for carbon neutrality, promotes knowledge in nuclear energy and Small Modular Reactor (SMR) technology, safer small-scale nuclear power plants with zero carbon emissions, preparing personnel to drive the nation toward energy security and enhance future economic competitiveness.

Many countries around the world are accelerating their transition toward carbon neutrality while simultaneously strengthening energy security. Solar, wind, and hydropower are clean energy sources that have attracted significant attention, with continuous advancements in technology. Another indispensable high-efficiency clean energy source that does not emit greenhouse gases is nuclear power. 

Today, the global nuclear energy trend is moving toward small nuclear power plants, or Small Modular Reactors (SMRs), which feature more advanced technology, enhanced safety, and greater flexibility in deployment. At present, there are two operational SMRs in the world, located in China and Russia. However, within the next five years, additional SMRs are expected to be developed in several countries, including China, Russia, Canada, and the United States. 

For Thailand, the latest draft of Power Development Plan (PDP) 2024 mentions the consideration of SMRs as a future energy option. Thailand has long demonstrated readiness in terms of personnel and nuclear expertise, developed over several decades by the Department of Nuclear EngineeringFaculty of Engineering, Chulalongkorn University, the only institution in Thailand that offers education in nuclear engineering. 

Half a Century of Thailand’s Nuclear Energy
Nuclear energy is not new to Thai society; rather, it has been around for over half a century. Assoc. Prof. Nares Chankow, a lecturer in the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University, explained that Thailand began discussing nuclear energy as early as 1966. In 1967.  A ten-member subcommittee was formed to conduct a feasibility study in various aspects, including personnel training.  

“Early preparations for nuclear energy were carried out seriously and systematically. Several potential sites were surveyed, and the conclusion was to designate Ao Phai in Si Racha District, Chonburi Province, as the location for Thailand’s first nuclear power plant. This plan was approved by the Atoms for Peace Committee, which was chaired by the Prime Minister at that time,” he said. 

This project is also regarded as the starting point for the establishment of the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University. 

“In 1970, Chulalongkorn University established the Nuclear Engineering School, initially focusing on training personnel from the Office of Atoms for Peace. In 1971, professors from the United States assisted in developing the curriculum. By 1972, the university launched a Graduate Diploma program and a Master of Engineering program in Nuclear Technology. In the early period, before a formal department existed, the program was administratively housed within the Department of Sanitary Engineering—now known as the Department of Environmental Engineering and Sustainability. It was not until 1974 that the Department of Nuclear Technology was officially established, marking the beginning of nuclear engineering education in Thailand. The department was later renamed the Department of Nuclear Engineering to align with other departments within the Faculty of Engineering,” Assoc. Prof. Nares said. 

Over the past 50 years, the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University, has played a key role in producing skilled personnel and continuously advancing knowledge in the field, even during periods when nuclear power plant projects were put on hold. 

“The key factor that first led to the slowdown of the project was the discovery of natural gas resources in the Gulf of Thailand around 1977. At the time, it was estimated that these natural gas reserves would last for at least 40 years, and even today, nearly 50 years later, they are still being utilized. As a result, the government decided to postpone nuclear power projects. Discussions about nuclear power plants tend to resurface periodically during times of energy crises.” 

In addition to the availability of natural gas, another major obstacle to nuclear power development has been public understanding and acceptance. This challenge has been intensified by news of major accidents at large-scale nuclear power plants, such as the Chernobyl nuclear reactor explosion in Ukraine in 1986, or more recently, the Fukushima Daiichi nuclear disaster in Japan in 2011, which was triggered by a tsunami. Such events heightened public fear and uncertainty, leading to stronger opposition to the construction of nuclear power plants. 

“Every time we are about to move forward with a project, an incident occurs that makes nuclear energy look bad—whether it’s Chernobyl or Fukushima. These events frighten people and cause projects to stall,” Assoc. Prof. Nares said, drawing a parallel with the criticism surrounding the Chula Tunnel, which has now been in use for over 40 years. “When the tunnel was first built, there was heavy criticism—people said it would be dangerous, that it would flood, that the road would collapse. Anything new, unfamiliar, or not well understood naturally causes fear. What we need to do is communicate accurate information about nuclear energy to the public as clearly as possible.” 

Small Modular Reactors (SMR): The Future of Energy Security  
Efforts by many countries around the world to achieve Net Zero targets have brought nuclear energy back into focus. This time, however, attention is not on large-scale nuclear power plants, such as those associated with past disasters and media headlines, but rather on a new hope for the global energy sector: Small Modular Reactors (SMRs).  

“SMRs are modern nuclear power plants with a generating capacity of no more than 300 megawatts, which is much smaller than conventional nuclear power plants that typically have a capacity of around 1,000 megawatts,” explained Assoc. Prof. Dr. Somboon Rassame, Head of the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University.  

At present, there are only two SMR facilities in actual operation worldwide. The first is in Russia, where the reactors are installed on a ship with a total generating capacity of 2 × 35 megawatts and have been in operation since 2020. The second is in China, with a generating capacity of approximately 210 megawatts, supplying electricity to the public since 2021. 

“At present, there are several SMR power plant projects under construction. China, for example, is building one additional unit, which is expected to be completed by the end of this year. Canada has begun construction on four units, and the United States is preparing multiple sites for future construction,” Assoc. Prof. Dr. Somboon Rassame said. He anticipates that by the end of 2030, several SMRs will be in operation worldwide. 

As for Thailand, after signing the NDC 3.0 (Nationally Determined Contribution), a commitment to reduce carbon dioxide emissions to achieve carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065, nuclear power projects have once again become a prominent topic in national development planning. 

In the country’s energy security master plan—the latest 2024 draft of Thailand’s Power Development Plan (PDP) prepared by the Energy Policy and Planning Office (EPPO)—small nuclear power plants (Small Modular Reactors: SMRs) are being considered as a potential future option. The plan includes two SMR units, each with a capacity of approximately 300 megawatts, to be located in the northeastern and southern regions of Thailand, with operations expected to begin by 2037. 

“Due to pressure from the global community regarding carbon emissions, Thailand has very limited options. In the future, everyone will be closely scrutinized over where their electricity comes from; if it is still generated from carbon-emitting sources, additional carbon taxes will be imposed,” Assoc. Prof. Dr. Somboon Rassame said. “Relying solely on renewable energy may not yet be sufficient and poses risks to the country’s electricity security. Wind and solar power have limitations in terms of continuity, while the use of battery storage increases costs. Natural gas and coal still emit large amounts of carbon. As a result, Thailand must now turn to alternative energy sources that can ensure safety and produce no carbon emissions.” 

SMRs: A Leap Forward of Nuclear Technology for Enhanced Safety
Assoc. Prof. Dr. Somboon noted that SMRs offer several advantages, the first of which is flexibility.  “If a large nuclear power plant is built, we must be confident that the area has sufficiently high electricity demand. However, SMRs can be built in medium-sized communities, on islands, or in industrial estates. Most importantly, SMRs allow additional generating units to be added in line with growing demand. For example, a project could begin with 100 megawatts in the first five years, and when demand increases, another 200 megawatts can be added. This offers greater flexibility and better supports economic growth than large power plants, which require a massive one-time investment.”  

The most significant advantage of SMRs is their newly developed safety systems. Assoc. Prof. Dr. Somboon explained that nearly all SMR designs feature self-reliant safety systems that do not depend on external power supplies. Even in the event of a disaster or emergency where the plant will automatically shut down, the SMR’s safety systems will operate independently to safely bring the reactor to a halt. Emergency cooling in SMRs is also designed to be simpler and more self-sustaining, relying on natural cooling principles such as fluid circulation and gravity, rather than large volumes of coolant or water as required by large-scale plants. This significantly reduces the risk of reactor core meltdown and the release of radioactive materials into the environment, as occurred during the Fukushima nuclear accident in Japan in 2011. 

3 Key Advantages of SMRs and Issues Requiring Careful Preparation
Assoc. Prof. Dr. Somboon Rassame outlined the advantages of SMRs in three main points as follows:  

Safety: All 3 nuclear power plant accidents that have occurred worldwide involved plants built in the 1970s—more than 50 years ago. Since then, nuclear technology has advanced significantly. SMRs are equipped with passive safety systems that operate automatically without relying on external power sources. Even in the event of a disaster or power outage, the reactor can safely shut itself down. In addition, the smaller size of SMRs makes them easier to control and manage. Economics: The initial investment required for SMRs is lower than that for large-scale power plants, and they offer high flexibility. SMRs can be installed in remote areas, on islands, or in industrial estates that large power plants cannot easily reach. Moreover, generating units can be added according to demand, eliminating the need for a massive one-time investment. Environment: SMRs do not emit significant amounts of carbon dioxide throughout the operational lifetime of the plant. This helps Thailand achieve its Net Zero goals more quickly and effectively, while also providing a more reliable energy source than other forms of renewable energy. 

Although SMRs are smaller than conventional nuclear power plants, they still raise the same issue of radioactive waste. Therefore, Thailand needs to develop concrete plans for managing radioactive waste in the future in accordance with international standards, while also building public confidence that the country has safe, transparent, and verifiable systems for the storage and disposal of waste from SMRs.  

SMRs: Costs and Cost-Effectiveness  
One of the questions the public is most interested in is, “If SMRs are introduced, will electricity prices become cheaper?” 

Assoc. Prof. Dr. Somboon Rassame addressed this issue by saying, “SMRs are like any new product—much like when new smartphone models are first released. Naturally, the price will not be low at the beginning, but as more people use them, prices should decrease according to market mechanisms.”  

Importantly, he emphasized that cost-effectiveness should not be assessed based on price alone, but should also take into account several key advantages, including:  

Energy security – SMRs can generate electricity continuously 24 hours a day and are not dependent on weather conditions, unlike solar and wind energy.  Carbon-free electricity generation – This helps the country avoid carbon taxes and maintain its competitiveness in terms of economic growth and investment. Flexibility – SMRs can be installed in remote areas and allow generating capacity to be expanded in line with demand. 

ASEAN Moves Toward Nuclear Energy: Where Does Thailand Stand?  
“At present, there are only two SMRs in operation worldwide, with another four to five projects beginning construction. Thailand does not plan to deploy SMR nuclear power plants this year or next year; according to current plans, implementation would be around 12 years from now. By that time, it is expected that SMR adoption will have increased globally, leading to lower costs and more reasonable pricing, making them more competitive with other types of power plants.” 

Several neighboring countries are moving forward with nuclear energy projects in earnest. Assoc. Prof. Dr. Somboon Rassame noted that Vietnam has made more progress in developing nuclear power plants than Thailand, largely due to strong government support and direct endorsement from its leader. Indonesia is also advancing seriously, having built a solid research foundation related to nuclear power over many years. The country has developed its own nuclear fuel and plans to commission its first nuclear power plant by 2032. Meanwhile, the Philippines has plans to construct nuclear power plants, including SMRs, by 2033–2034.  

“It is clear that many countries in this region are about 5 years ahead of Thailand. Therefore, if Thailand delays its decision to move forward with such projects, it will lose its competitive edge. This competition is not only about technology but also about the ability to attract investment. Countries that can produce clean, carbon-free energy are more likely to attract investors, especially in industries such as AI and data centers, which consume enormous amounts of electricity and require clean energy,” Assoc. Prof. Dr. Somboon explained.  

Chula as a Knowledge and Workforce Hub: Preparing for SMRs
Establishing a nuclear power plant is not a simple undertaking, especially for countries that have never had one before. Assoc. Prof. Dr. Somboon Rassame explained that, according to International Atomic Energy Agency (IAEA) standards, countries without prior experience in nuclear power must spend at least 10–12 years on preparation. This readiness process must cover 19 key areas, such as: 1) human resources – sufficient numbers of well-trained engineers and experts; 2) laws and regulations – appropriate legal frameworks for regulation and oversight; 3) management planning – emergency preparedness plans and spent fuel management plans; 4) financing – clear financial support from the government. 

“Having a nuclear power plant is not easy—it’s not something you decide today and purchase tomorrow. A country must demonstrate its capabilities and gain acceptance from the international community, nuclear power plant businesses, and IAEA, showing that it is truly ready to implement an SMR nuclear power project. The Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University, has long played a key role in preparing the country in the nuclear field, particularly through the development of skilled human resources.” 

“Whether or not there is a nuclear power plant project, the department continues to offer courses and conduct research. If we were to close the department or suspend teaching and research, the body of knowledge and expertise in nuclear engineering would be disrupted, and restarting would not be easy. Chulalongkorn University is a key institution for producing engineers, researchers, and specialists specifically in nuclear engineering. At present, many universities are beginning to show interest in establishing nuclear engineering programs, and Chulalongkorn University is ready to provide guidance and support in developing curricula to strengthen the country’s capacity for workforce development in nuclear power,” he said.  

At present, the department is involved in preparing the country for nuclear engineering readiness through multiple channels.  

Training programs – Short-term training courses of 18 hours are offered to the Electricity Generating Authority of Thailand (EGAT) and several private energy companies. This year, approximately 3-4 courses have already been conducted, with about 50 participants per cohort. Graduate production – The department has offered bachelor’s, master’s, and doctoral degree programs in nuclear and radiation engineering since 1972. To date, several hundred students have graduated at the master’s and doctoral levels. Academic services – The department provides consultation to private companies and government agencies on site selection, suitability assessments, project planning, and the selection of appropriate technologies. 

Nuclear in Daily Life
Whether or not nuclear power plants are built, nuclear and radiation technologies have long been part of everyday life. Assoc. Prof. Nares explained this with several interesting examples, such as: 

Medical applications – King Chulalongkorn Memorial Hospital is equipped with a proton therapy machine that uses radiation to treat cancer. This technology can deliver highly precise radiation to targeted areas, minimizing damage to surrounding organs compared with conventional radiation therapy. Food and pharmaceutical industries – Gamma irradiation is used to sterilize a wide range of products, from herbal inhalers that are currently gaining popularity to fermented pork, fruits, exported animal feed, syringes, and saline IV tubes used in hospitals. All of these products must undergo irradiation to eliminate pathogens. Quality control – In beverage manufacturing plants, radiation is used to measure liquid levels in bottles to ensure consistent volumes. In military weapons factories, X-rays are used for quality inspection. Even some brands of toothpicks undergo irradiation to prevent contamination.  

“The Department of Nuclear Engineering at Chulalongkorn University has produced a large number of professionals who work across various industries. Therefore, even without nuclear power plants, nuclear knowledge is highly beneficial to society,” stated Assoc. Prof. Nares. 

Rare Earth Elements and Nuclear Technology  
Assoc. Prof. Nares further explained that another interesting dimension is the relationship between nuclear technology and rare earth elements, which are critical raw materials for modern technologies such as smartphones, electric vehicles, computer equipment, drones, and various electronic devices.  

“Rare earth elements often contain traces of radioactive materials, so nuclear techniques can be used for exploration and analysis. In addition, there are many nuclear-based techniques that can be applied to survey, identify, and quantify rare earth elements. In the past, the Office of Atoms for Peace had a rare earth minerals project and even designed a processing plant, but the project was halted. It is not too late to resume development, as rare earth minerals are extremely important for high-tech industries,” he said.  

Public Acceptance Is the Key to Success  
Although SMRs offer many advantages and align well with energy security needs and Net Zero goals, they also present challenges that must be addressed. These include the country’s clarity and commitment in moving forward with such projects, the establishment of regulatory organizations and legal frameworks, and the development of qualified personnel—particularly as current enrollment in nuclear engineering programs remains insufficient. Most importantly, public acceptance is a critical factor.  

The Fukushima nuclear power plant accident in 2011 may have reduced public acceptance of nuclear energy. However, Assoc. Prof. Dr. Somboon Rassame observed that over the past 3-4 years, as more information about SMRs has been disseminated, public opinion on social media has begun to shift. Many people now view SMRs as a newer, more advanced, and safer technology, with younger generations in particular showing a growing willingness to accept this form of energy. 

“The role of educational institutions is to provide the public with clear and straightforward information about what this technology is, how it has been developed and improved, and how likely accidents are compared with nuclear power plants in the past. Institutions must present both the advantages and the limitations in a comprehensive manner. Once the public has been fully informed, the decision belongs to the people, and we must all accept the outcome,” Assoc. Prof. Dr. Somboon concluded.  

“I would like to urge national leaders to allow qualified experts in nuclear engineering and nuclear technology to lead and manage the country’s key nuclear agencies, including the Office of Atoms for Peace (OAP) and the Thailand Institute of Nuclear Technology (TINT). This would allow our country to fully enter an era in which nuclear technology can be applied to national development across many sectors—energy, industry, agriculture, the environment, materials, and beyond,” Assoc. Prof. Nares added in closing. 

Small Modular Reactors (SMRs) represent a significant opportunity that Thailand should prepare for. With greatly advanced technology, superior safety systems, installation flexibility, and, most importantly, carbon-free electricity generation, SMRs offer strong potential. Backed by more than half a century of accumulated commitment, knowledge, and experience, the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University, stands ready to play a role in advancing the country’s opportunity to achieve sustainable energy security.

In approximately 12 years, Thailand plans to begin operating its first SMR capable of actual electricity generation. Clean energy for a new era is within reach, and Thailand is preparing to move confidently toward that future.  

Find more information on the Department of Nuclear Engineering, Faculty of Engineering, Chulalongkorn University, on Facebook: Nuclear Engineering, Chulalongkorn University 

Continue reading a full article on the website: https://www.chula.ac.th/en/highlight/286177/

About Chulalongkorn University
Chulalongkorn University has made the world’s top 50 university list for employment outcomes, which reflects both the high employment rate and work ability of Chula graduates. The university is also listed as the best in Thailand for the 15th Consecutive Year (since 2009), according to the newly released QS World University Rankings 2024, putting Chula at 211th in the world, up from 244th last year.

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