Market Overview:
The global nuclear fusion and advanced material market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The market growth is attributed to the increasing demand for deuterium and tritium in fusion power, tooling, and generation IV applications. North America dominates the global nuclear fusion and advanced material market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Nuclear Fusion is the process by which two or more atomic nuclei collide to form a new nucleus. This process releases large amounts of energy that can be harnessed to generate electricity, propel ships and aircraft, and perform other useful tasks. Advanced materials are materials that have been specifically designed or modified to meet specific engineering needs. They often have unique physical or chemical properties that make them ideal for certain applications.
Deuterium:
Deuterium is a heavy hydrogen isotope that has one extra neutron in its nucleus. It's different from regular hydrogen as it has a slight radioactive decay rate and longer half-life. Deuterium occurs naturally in the oceans and can be produced by nuclear fusion in the interior of stars through supernovas.
Tritium:
Tritium is a radioactive hydrogen isotope. Its high rate of decay (answering the question; how long does it take to die?) makes its presence in the body notable. Tritium has three different forms, which are commonly known as helium-3, helium-4 and lithium-3. The most common use of tritium is in radiotherapy for the treatment of cancerous cells at an early stage (stage 1 or 2).
Application Insights:
The global nuclear fusion and advanced material market is segmented on the basis of application into fusion power, tooling, generation IV and other applications. In 2017, the fusion power segment dominated the overall market with a share of over 45% in terms of revenue. The growth in this segment can be attributed to increasing government funding for research & development as well as new commercial projects coming online.
The generation IV or nuclear energy application is anticipated to witness significant growth over the forecast period owing to increased R&D on thorium-based reactors coupled with strong government support for developing an indigenous capability in India and China. Countries such as South Africa are also expected to have indigenous thorium-based reactor capabilities by 2030 which will further propel demand globally from 2030 onward.
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period owing to increasing government initiatives and investments for developing nuclear power generation. The growing demand for electricity due to rapid industrialization, coupled with rising population, is anticipated to drive nuclear energy as an effective source of sustainable energy. This will further propel market growth over the coming years.
North America dominated the global market in 2017 owing to high awareness levels regarding benefits of using fusion power generation system and its applications across numerous sectors including medicine, agriculture production, water desalination etc., which has resulted in increased funding from private investors as well as government agencies such as National Nuclear Security Administration (NNSA). Moreover North America being one of the most impacted regions by CMEs events will lead it towards a low share during analysis portion of this study.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Government initiatives and funding for research and development of nuclear fusion technology
- Advancements in material science that enable development of new materials with improved performance characteristics
- Growing demand for clean and renewable energy sources
- Development of small-scale fusion reactors that are more economical and easier to operate
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Fusion and Advanced Material Market Research Report
By Type
Deuterium, Tritium
By Application
Fusion Power, Tooling, Generation IV
By Companies
Isowater, Tritium, Western Superconducting Technologies Co.,Ltd.
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Fusion and Advanced Material Market Report Segments:
The global Nuclear Fusion and Advanced Material market is segmented on the basis of:
Types
Deuterium, Tritium
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
Fusion Power, Tooling, Generation IV
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:
- Isowater
- Tritium
- Western Superconducting Technologies Co.,Ltd.
Highlights of The Nuclear Fusion and Advanced Material 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:
- Deuterium
- Tritium
- By Application:
- Fusion Power
- Tooling
- Generation IV
- 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 Fusion and Advanced Material 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?
Nuclear fusion is the process of combining the nuclei of two atoms together to create a new nucleus. This process releases energy in the form of heat and light. Advanced materials are materials that have been designed to be more durable, efficient, and lighter than traditional materials.
Some of the major players in the nuclear fusion and advanced material market are Isowater, Tritium, Western Superconducting Technologies Co.,Ltd..
The nuclear fusion and advanced material market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material 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 Fusion and Advanced Material Market Size & Forecast, 2018-2028
4.5.1 Nuclear Fusion and Advanced Material Market Size and Y-o-Y Growth
4.5.2 Nuclear Fusion and Advanced Material Market Absolute $ Opportunity
Chapter 5 Global Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
5.2.1 Deuterium
5.2.2 Tritium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Applications
6.2.1 Fusion Power
6.2.2 Tooling
6.2.3 Generation IV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material 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 Fusion and Advanced Material Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
9.6.1 Deuterium
9.6.2 Tritium
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 Fusion and Advanced Material Market Size Forecast by Applications
9.10.1 Fusion Power
9.10.2 Tooling
9.10.3 Generation IV
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 Fusion and Advanced Material Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
10.6.1 Deuterium
10.6.2 Tritium
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 Fusion and Advanced Material Market Size Forecast by Applications
10.10.1 Fusion Power
10.10.2 Tooling
10.10.3 Generation IV
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 Fusion and Advanced Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
11.6.1 Deuterium
11.6.2 Tritium
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 Fusion and Advanced Material Market Size Forecast by Applications
11.10.1 Fusion Power
11.10.2 Tooling
11.10.3 Generation IV
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 Fusion and Advanced Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
12.6.1 Deuterium
12.6.2 Tritium
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 Fusion and Advanced Material Market Size Forecast by Applications
12.10.1 Fusion Power
12.10.2 Tooling
12.10.3 Generation IV
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 Fusion and Advanced Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Fusion and Advanced Material 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 Fusion and Advanced Material Market Size Forecast by Type
13.6.1 Deuterium
13.6.2 Tritium
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 Fusion and Advanced Material Market Size Forecast by Applications
13.10.1 Fusion Power
13.10.2 Tooling
13.10.3 Generation IV
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 Fusion and Advanced Material Market: Competitive Dashboard
14.2 Global Nuclear Fusion and Advanced Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Isowater
14.3.2 Tritium
14.3.3 Western Superconducting Technologies Co.,Ltd.
