Market Research Report
Global Betavoltaic Cell Market, By Isotopes Type, By Shape, By End User Industry, By Region, Competition Forecast & Opportunities, 2016-2026
|Published by||TechSci Research||Product code||1008698|
|Published||Content info||174 Pages
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|Global Betavoltaic Cell Market, By Isotopes Type, By Shape, By End User Industry, By Region, Competition Forecast & Opportunities, 2016-2026|
|Published: June 1, 2021||Content info: 174 Pages||
Global Betavoltaic Cell Market stood at USD349.14 million in 2020 and is forecast to grow at a CAGR of 2.18% until 2026. Growth in the Betavoltaic Cell Market is driven by the increased need for a long service life, small-sized, miniature power unit that can work as a power source in applications where there is requirement of continuous, unattended power for 10-20 years. Furthermore, researchers and scientists are increasingly examining the chance of using radioactive decay products as one of the primary sources for niche applications, which is likely to create an opportunity for the Global Betavoltaic Cell Market in the near future. Betavoltaic cells find major applications in the space industry and medical Implants. The growth in the healthcare sector and expansion in the space industry is anticipated to act as a catalyst for the growth of the Global Betavoltaic Cell Market.
Based on Isotopes Type, the market can be segmented into Tritium, Strontium, Krypton, Nickel and Others. The Tritium segment dominated the market in 2020 and is expected to maintain its market dominance during the forecast period. Tritium has a low specific power and hence a long performance lifetime of up to 20 years and is inherently safe, making it a suitable choice for betavoltaic cells. Tritium only emits low-energy electrons which can be stopped by a sheet of paper or a layer of dead skin.
Based on Shape, the market can be bifurcated into Regular and Cylindrical. The regular segment dominated the market in 2020 as the betavoltaic battery can be easily miniaturized & integrated into a regular shape. Based on End User industry, the market can be segmented into Aerospace, Electronics & Communication, Healthcare, Defense and Others. The Healthcare segment is expected to grow at the highest rate in the forecast period owing to the increasing adoption of betavoltaic cells to manufacture cardiac pacemakers. The Betavoltaic cells find major applications in medical implants where a biological function such as heartbeat is maintained or improved. Betavoltaic Cells can act as a power source to implantable medical devices such as cardiac pacemakers, implantable cardiac defibrillators (ICDs), etc. for more than 10 years without any need for another surgical intervention.
On the basis of region, North America held the largest share in the Global Betavoltaic Cell Market in 2020 and is expected to maintain the market dominance during the forecast period owing to the increasing investment in the research & development of advanced technologies in the space industry. The increasing adoption of betavoltaic cells to manufacture cardiac pacemakers is one of the major factors driving the growth of the betavoltaic cells market in North America and have made it the fastest growing region in the market. Investments in the space industry and coming up of new startup companies in the region are also expected to drive the Betavoltaic cells market in North America. Some of the major players in the Global Betavoltaic Cell market include Widetronix, Inc., Qynergy Corporation, City Labs, Inc., BetaBatt, Inc., NDB Inc.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Global Betavoltaic Cell market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, the Global Betavoltaic Cell market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Electronics & Communication
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the Global Betavoltaic Cell market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: