Nuclear Battery Market: Global Opportunity Analysis and Industry Forecast 2019-2026

Allied Market Research published a new report, titled, "Nuclear Battery Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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.

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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.

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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 offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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