Market Overview:
The global tritium batteries market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tritium batteries from the defensive industry and medical equipment applications. Tritium is a radioactive isotope of hydrogen that emits beta radiation and has a half-life of 12.3 years. It is used in tritium batteries as it helps in providing high energy density, long life, and low self-discharge rate.
Product Definition:
A tritium battery is a battery that uses tritium as a radioactive isotope of hydrogen to generate power. Tritium batteries are used in applications where there is a need for a long-life battery that can provide power in low-light or no-light conditions.
Thermal Conversion Batteries:
Thermal conversion batteries (TcB) are one of the latest innovations in the Tritium Batteries market. They are also known as high-power batteries and can be used for applications such as electric vehicles, wireless sensors networks, Unmanned Aerial Vehicles (UAVs), grid energy storage systems and other power-intensive applications.
Non-Thermal Conversion Batteries:
Non-thermal conversion batteries (NTCBs) are one of the emerging technologies that is expected to drive tritium batteries market over the forecast period. NTCBs have gained significant popularity in recent years owing to their ability to provide high energy density solutions for applications such as electric vehicles and grid storage.
Application Insights:
The market is segmented by application into the military and defense industry, energy & power industry, medical equipment, and others. The other applications include consumer electronics manufacturing. The energy & power sector dominated the global tritium batteries market in 2017 owing to rising demand for electric vehicles (EVs) and wind turbines coupled with growing concerns over greenhouse gas emissions.
Tritium has several potential uses in medical equipment including imaging systems such as computed tomography (CT), nuclear medicine scintigraphy, PET-CT scanners, fluoroscopy devices used during cardiac procedures etc. It is also used in various diagnostic tests such as blood flow studies during angiography procedures which are conducted using radionuclides likeTechnetium99m sulfur colloid or Technetium Tc-99m colloid dispersion which helps in depicting blood vessels on x-ray images better than conventional iodine solution does.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing defense spending by countries such as the U.S., Canada, and Mexico among others that are likely to propel demand for tritium batteries across this region.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in demand for tritium batteries, as they are used in electric vehicles.
- Rising investment in renewable energy: Renewable energy is becoming increasingly popular due to its environmental benefits and falling costs. This is leading to an increase in investment in renewable energy projects, which will drive the growth of the tritium battery market.
- Growing popularity of smart grids: Smart grids are being adopted by utilities all over the world as they help improve grid efficiency and reduce emissions from power plants. Tritium batteries are ideal for use in smart grids, which will lead to their increased adoption over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tritium Batteries Market Research Report
By Type
Thermal Conversion Batteries, Non-Thermal Conversion Batteries
By Application
Defensive Industry, Medical Equipment
By Companies
CityLabs, Widetronix, Nano Diamond Battery, Arkenlight LTD, CityLabs
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Tritium Batteries Market Report Segments:
The global Tritium Batteries market is segmented on the basis of:
Types
Thermal Conversion Batteries, Non-Thermal Conversion Batteries
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
Defensive Industry, Medical Equipment
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:
- CityLabs
- Widetronix
- Nano Diamond Battery
- Arkenlight LTD
- CityLabs
Highlights of The Tritium Batteries 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 Batteries
- Non-Thermal Conversion Batteries
- By Application:
- Defensive Industry
- Medical Equipment
- 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 Tritium Batteries 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
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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?
Tritium batteries are a type of rechargeable battery that uses tritium gas as the primary energy source. Tritium is a radioactive isotope of hydrogen, and because it has a very short half-life (about 12 years), it is not available in large quantities. Consequently, tritium batteries are considered to be rare and expensive items.
Some of the major companies in the tritium batteries market are CityLabs, Widetronix, Nano Diamond Battery, Arkenlight LTD, CityLabs.
The tritium batteries market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tritium Batteries 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 Tritium Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tritium Batteries 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 Tritium Batteries 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 Tritium Batteries Market Size & Forecast, 2018-2028
4.5.1 Tritium Batteries Market Size and Y-o-Y Growth
4.5.2 Tritium Batteries Market Absolute $ Opportunity
Chapter 5 Global Tritium Batteries 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 Tritium Batteries Market Size Forecast by Type
5.2.1 Thermal Conversion Batteries
5.2.2 Non-Thermal Conversion Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tritium Batteries 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 Tritium Batteries Market Size Forecast by Applications
6.2.1 Defensive Industry
6.2.2 Medical Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tritium Batteries 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 Tritium Batteries 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 Tritium Batteries Analysis and Forecast
9.1 Introduction
9.2 North America Tritium Batteries 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 Tritium Batteries Market Size Forecast by Type
9.6.1 Thermal Conversion Batteries
9.6.2 Non-Thermal Conversion Batteries
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 Tritium Batteries Market Size Forecast by Applications
9.10.1 Defensive Industry
9.10.2 Medical Equipment
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 Tritium Batteries Analysis and Forecast
10.1 Introduction
10.2 Europe Tritium Batteries 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 Tritium Batteries Market Size Forecast by Type
10.6.1 Thermal Conversion Batteries
10.6.2 Non-Thermal Conversion Batteries
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 Tritium Batteries Market Size Forecast by Applications
10.10.1 Defensive Industry
10.10.2 Medical Equipment
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 Tritium Batteries Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tritium Batteries 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 Tritium Batteries Market Size Forecast by Type
11.6.1 Thermal Conversion Batteries
11.6.2 Non-Thermal Conversion Batteries
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 Tritium Batteries Market Size Forecast by Applications
11.10.1 Defensive Industry
11.10.2 Medical Equipment
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 Tritium Batteries Analysis and Forecast
12.1 Introduction
12.2 Latin America Tritium Batteries 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 Tritium Batteries Market Size Forecast by Type
12.6.1 Thermal Conversion Batteries
12.6.2 Non-Thermal Conversion Batteries
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 Tritium Batteries Market Size Forecast by Applications
12.10.1 Defensive Industry
12.10.2 Medical Equipment
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) Tritium Batteries Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tritium Batteries 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) Tritium Batteries Market Size Forecast by Type
13.6.1 Thermal Conversion Batteries
13.6.2 Non-Thermal Conversion Batteries
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) Tritium Batteries Market Size Forecast by Applications
13.10.1 Defensive Industry
13.10.2 Medical Equipment
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 Tritium Batteries Market: Competitive Dashboard
14.2 Global Tritium Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CityLabs
14.3.2 Widetronix
14.3.3 Nano Diamond Battery
14.3.4 Arkenlight LTD
14.3.5 CityLabs
