Market Overview:
The global nuclear battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nuclear batteries from military and civilian applications. In terms of type, the thermal conversion type is expected to dominate the market during the forecast period. This can be attributed to its high efficiency and longer life span as compared to no-thermal conversion type.
Product Definition:
A nuclear battery is a battery that uses nuclear power to generate electricity. The advantages of nuclear batteries include their long life, high efficiency, and low environmental impact.
Thermal Conversion Type:
The thermal conversion type is the most widely used technology for nuclear battery. It involves using heat from a radioactive element to generate electricity. The heat generated can be used directly or can be converted into other forms of energy such as mechanical, electrical and thermal.
Thermal power plants use this process to produce electricity by using the available biomass (organic material) as a source of fuel which is then transformed into steam that drives a turbine and produces electric current.
No-Thermal Conversion Type:
The no-thermal conversion type is a nuclear process in which the energy released by the radioactive element uranium is used to generate electricity. The main aim of using this technology is to reduce and eliminate the need for conventional thermal power plants. Thermal power plants use heat as a means of generating electricity, but they are unable to fulfill demand because they cannot provide enough energy during peak hours when demand exceeds supply.
Application Insights:
The civilian application segment dominated the global nuclear battery market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for electric vehicles and renewable energy generation. Nuclear batteries provide a clean source of energy, which is anticipated to propel their demand in civil applications.
Civilian applications include power for homes, businesses and utilities. Powering large scale industrial facilities with nuclear batteries can help reduce electricity costs by up to 90%. Such factors are projected to drive their adoption in various industries including healthcare, transportation and telecom across the globe.
Regional Analysis:
The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing government initiatives and programs, rising demand for nuclear energy, and growing defense budget of countries such as India and China. For instance, in September 2016, China General Nuclear Power Corp., (CGN) signed a deal with Russia's Rosatom for constructing a new nuclear power plant with an investment of USD X billion.
North America accounted for more than 20% share of global revenue in 2017 owing to high investments made by U.S.-based companies such as Exelon Corporation; Entergy; NextEra Energy Inc.; Luminant Generation Company LLC; NRG Energy Inc.; ComEdison Holdings LLC; Public Service Enterprise Group Inc.; American Electric Power Co., etc.
Growth Factors:
- Increasing demand for nuclear batteries from the defense sector as they are reliable and have a long life cycle.
- Growing demand for nuclear batteries from the medical sector as they are non-toxic and can be used in implantable devices.
- Rising popularity of nuclear batteries among consumers due to their high efficiency and low environmental impact.
- Development of new technologies that improve the performance of nuclear batteries, making them more competitive against other battery types.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Battery Market Research Report
By Type
Thermal Conversion Type, No-Thermal Conversion Type
By Application
Military, Civilian
By Companies
Exide Technologies, Tesla Energy, GEVattenfallAmerican Elements, Curtiss-Wright Nuclear, Comsol, Inc, II-VI Marlow, Thermo PV, Exide Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Battery Market Report Segments:
The global Nuclear Battery market is segmented on the basis of:
Types
Thermal Conversion Type, No-Thermal Conversion Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civilian
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exide Technologies
- Tesla Energy
- GEVattenfallAmerican Elements
- Curtiss-Wright Nuclear
- Comsol, Inc
- II-VI Marlow
- Thermo PV
- Exide Technologies
Highlights of The Nuclear Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermal Conversion Type
- No-Thermal Conversion Type
- By Application:
- Military
- Civilian
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nuclear Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A nuclear battery is a device that uses nuclear energy to produce electricity. Nuclear batteries are used in applications such as electric vehicles, medical devices, and satellites.
Some of the key players operating in the nuclear battery market are Exide Technologies, Tesla Energy, GEVattenfallAmerican Elements, Curtiss-Wright Nuclear, Comsol, Inc, II-VI Marlow, Thermo PV, Exide Technologies.
The nuclear battery market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Battery Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Nuclear Battery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Nuclear Battery Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Nuclear Battery Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Nuclear Battery Market Size & Forecast, 2018-2028 4.5.1 Nuclear Battery Market Size and Y-o-Y Growth 4.5.2 Nuclear Battery Market Absolute $ Opportunity
Chapter 5 Global Nuclear Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nuclear Battery Market Size Forecast by Type
5.2.1 Thermal Conversion Type
5.2.2 No-Thermal Conversion Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nuclear Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nuclear Battery Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civilian
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nuclear Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nuclear Battery Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nuclear Battery Market Size Forecast by Type
9.6.1 Thermal Conversion Type
9.6.2 No-Thermal Conversion Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nuclear Battery Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civilian
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nuclear Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nuclear Battery Market Size Forecast by Type
10.6.1 Thermal Conversion Type
10.6.2 No-Thermal Conversion Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nuclear Battery Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civilian
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nuclear Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nuclear Battery Market Size Forecast by Type
11.6.1 Thermal Conversion Type
11.6.2 No-Thermal Conversion Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nuclear Battery Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civilian
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nuclear Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nuclear Battery Market Size Forecast by Type
12.6.1 Thermal Conversion Type
12.6.2 No-Thermal Conversion Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nuclear Battery Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civilian
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nuclear Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nuclear Battery Market Size Forecast by Type
13.6.1 Thermal Conversion Type
13.6.2 No-Thermal Conversion Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nuclear Battery Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civilian
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nuclear Battery Market: Competitive Dashboard
14.2 Global Nuclear Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exide Technologies
14.3.2 Tesla Energy
14.3.3 GEVattenfallAmerican Elements
14.3.4 Curtiss-Wright Nuclear
14.3.5 Comsol, Inc
14.3.6 II-VI Marlow
14.3.7 Thermo PV
14.3.8 Exide Technologies