Allied Market Research

2024

Nuclear Battery Market

Nuclear Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Conversion and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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Nuclear battery or atomic battery is a new power generating device, which utilizes energy from the decay of radioactive isotopes like plutonium-238, curium-242, and others to generate electrical power. Nuclear battery has extremely long life but is available at a high cost. It can be used in spacecraft, scientific stations and in the remote areas of the world. This device uses thin radioactive material (films) that generates energy at a very large density with respect to fuel cell batteries. Advantage of nuclear battery is its small size, long life, no radioactive waste production, and others. The global Nuclear Battery market is estimated to grow at a CAGR of 8.8% during the forecast period (2019-2026). At this CAGR, the global nuclear battery market is estimated to reach from $48.3 billion in 2019 to $87.2 billion by 2026.

Greenhouse effect reduction with the use of nuclear battery, due to its no radioactive waste production, and high energy production are expected to be the key driving factors for the growth of the global nuclear battery market. High initial cost of production, and social acceptance are the major restraining factors which hamper the growth of the nuclear battery market. Furthermore, stringent regulations regarding the use of radioactive materials in some regions is expected to restrict the upsurge of the market. Factors such as rise in demand in reliable power supply in automobile industry and increase in requirement of long life battery are expected to be the opportunities for the growth of the global nuclear battery market.

The global nuclear battery market is classified on the basis of type, conversion, application, and region. Based on type, the market is divided into junction type battery and self-reciprocating cantilever. Based on conversion, it is classified into thermal conversion and non-thermal conversion. On the basis of application, it is categorized into automotive, residential, commercial, industrial, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Key players in the global nuclear battery market are Exide Technologies, Tesla Energy, GEV Attenfall AB, American Elements, Curtiss-Wright Corporation, Comsoll Inc., Thermo PV., HBL power system, Luminous power and Marlow.

Key Benefits for Stakeholders:

  • The global nuclear battery market size has been analyzed across four major regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of nuclear battery for strategy building.
  • The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
  • Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, opportunities & nuclear battery market trends along with their detailed impact analysis are elucidated in the study.
  • The global nuclear battery market analysis covers in-depth information of the major industry participants.

Scope of the Report:

Report Metric

Details

Market size available for years

2018–2026

Base year considered

2018

Forecast period

2019–2026

Forecast units

Value (USD)

Segments covered

Type, Conversion, Application, and Region

Geographies covered

North America (US, Canada and Mexico), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LAMEA) and The Middle East and Africa

Companies covered

Major players covered, include Exide Technologies, Tesla Energy, GEV Attenfall AB, American Elements, Curtiss-Wright Corporation, Comsoll Inc., Thermo PV., HBL power system, Luminous power and Marlow.

Key Market Segmentation: In Table Format

ATTRIBUTE

DETAILS

By Type

  • Junction Type Battery
  • Self-reciprocating Cantilever

By Conversion

  • Thermal Conversion
  • Non-thermal Conversion

By Application

  • Automotive
  • Residential
  • Commercial
  • Industrial
  • Others

By Region

  • North America (U.S., Canada and Mexico)
  • Europe (UK, Germany, France, Spain, Italy and Rest of Europe)
  • Asia-pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
  • LAMEA (Brazil, Saudi Arabia, South Africa and Rest of LAMEA).

Questions answered in the nuclear battery market research report:

  • What is the growth rate of the nuclear battery market during the forecast period?
  • What will be the global nuclear battery market size from 2019 to 2026?
  • Who are the leading manufacturing companies in the nuclear battery market?
  • How the major current trends will shape the market in the future?
  • What are the driving factors and opportunities in the market?
  • Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
  • Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
  • What are the conclusions of the nuclear battery report?

Nuclear Battery Market Report Highlights

Aspects Details
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By Type
  • Junction Type Battery
  • Self-Reciprocating Cantilever
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By Conversion
  • Thermal Conversion
  • Non-Thermal Conversion
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By Application
  • Automotive
  • Residential
  • Commercial
  • Industrial
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Kurion, Inc., 3M Company, Toshiba Corporation, Irma LLC, Waldec, Inc., Raytheon Company, American Elements, Thorium Power, Areva SA, International Isotopes, Inc.

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Nuclear Battery Market

Global Opportunity Analysis and Industry Forecast, 2023-2032