Nuclear Battery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Nuclear Battery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Nuclear Energy

Report Description

Nuclear battery (atomic) is a new generation of power-generating devices, based on the concept of producing electrical power from radio isotopic fuel sources. Technological advancements in material technologies in electricity production, nuclear isotope held devices (batteries) are feasible to generate electrical power in an efficient manner. These batteries are able to produce power in multi watt levels and with negligible heat emission in its daily operation. These nuclear batteries can be scaled to reach levels of power up to thousands of watts, if required. This new technology has been made viable to be used with/compatible with almost all kinds of electronic devices.

Nuclear batteries use high amount of energy released by the tiny bits of radioactive material without any fission or fusion taking place inside the battery. These devices use thin radioactive films that encompasses the energy at a very high densities as compared to regular chemical fuel batteries. These nuclear batteries are very small in size as compared to conventional chemical fuel battery. Their small size is due to its high energy density.

Chemical batteries are often known for their short and unpredictable lifespan. Regular replacements are a must to keep them running in humming condition. For a few hundred kilo watt (kW) power generation large amounts of chemical fuel are required for a significant period of time. The maintenance, efficient logistical requirements for chemical fuels in order to keep the batteries running for continuous power generation have been overcome with the advent of nuclear batteries. Nuclear batteries are a lot lighter in weight as compared to heavy and bulky chemical fuel battery used for high voltage power output. This is advantageous for its prominent market presence. Solar and fuel cell batteries are often not considered due to their high operational expenditure (opex). The high opex, and a large area requirement can be a worrying factor in case where the application require low and modest power. Nuclear batteries require less space. They require low maintenance as compared to renewable sources such as solar and fuel cell and do not require continuous medium such as sunlight throughout the day for their proper and efficient functioning.

The nuclear batteries are small, compact, reliable, lightweight, and self-contained rugged to provide power to electrical power to applications such as electric automobiles, residential and commercial spaces, industrial, agricultural, recreational, remote monitoring systems, spacecraft and deep-sea probes, and others (military, among others). Radar systems, advanced communication satellites, and high technology weapons such as nuclear weapons require high and continuous power for their operations. Nuclear batteries are capable to deliver such high power requirements. These batteries are also used in nuclear power reactors. Based on type of nuclear battery, the nuclear battery market is segmented into junction type battery and self-reciprocating cantilever.

In terms of region, the nuclear battery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a major share of the nuclear battery market due to rapid expansion of end-use industries in the region. The region is followed by North America and Europe regions.

Key players operating in the nuclear battery market are Exide Technologies, TESLA Energy, GEV Attenfall American Elements, Curtiss Wright Nuclear, Comsoll Inc., and Thermo PV.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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