Healthcare Industry to Dominate Betavoltaic Cell Market until 2025
Increasing use of
betavoltaic cells in low power electrical applications to drive the growth of
global betavoltaic cell market
According to
TechSci Research report, “Global Betavoltaic
Cell Market By Isotopes Type (Tritium, Strontium, Krypton, Nickel, Others),
By Shape (Rectangular v/s Cylindrical), By End User Industry (Aerospace,
Electronics & Communication, Healthcare, Defense, Others), By Region,
Forecast & Opportunities, 2025”, the global betavoltaic cell market
is expected to grow at a steady rate during the forecast period on account of the
growing adoption of these batteries in various end user industries such as
aerospace & defense, healthcare, among others. Additionally, use of
betavoltaic cells as a replacement to lithium ion batteries in pacemakers, MEMS/NEMS
devices, biosensors, among others, since they are compact, small and easy to
fit, etc., is anticipated to drive the market during forecast years. Furthermore, these devices
are highly safe, as the beta particles emitted have comparatively low energy.
Also, these are resistant to corrosion and they have environmentally and
thermally stable life. On the other hand, lifespan of conventional batteries
can vary depending on the temperature and presence of corrosive and humid
environment. Unlike conventional batteries, betavoltaic devices do not produce
heat during operation. However, high cost might hamper the growth of market
during the forecast period. Additionally, availability of alternatives at an
affordable price might further restrict the growth of market through 2025.
Furthermore, lack of awareness related to betavoltaic cells might slow down the
growth of market over the next few years. Also, these batteries cannot provide enough
power and stable DC current, thereby hindering the growth of market. Moreover,
presence of few manufacturers in this industry might also restrict the growth
of market.
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The global
betavoltaic cell market is segmented based on type of isotope, shape, end user
industry, company and region. Based on type of isotope, the market can be
categorized into tritium, strontium, krypton, nickel and others. Tritium is
expected to dominate the market since it is the only pure beta emitting isotope
available. Based on end user industry, the market can be fragmented into aerospace,
electronics & communication, healthcare, defense and others. The
electronics & communication industry is expected to register significant
growth during forecast period. This can be ascribed to the growing demand for portable
electronics devices such as smartphones, tablets, laptops, among others. Betavoltaic
cells can be used to trickle-charge the existing batteries in these portable
electronics devices, as they provide continuous supply of power for a long
period of time.
City Labs Inc,
BetaBatt, Inc, Qynergy Corp, NUST MISIS, Widetronix and others are some
of the leading players operating in global betavoltaic cell market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share. For instance, in May 2016,
scientists at the NUST (National University of Science and Technology) MISIS in
Russia, developed a betavoltaic battery prototype, which is a maintenance-free
and non-rechargeable nuclear battery with around 100 years of useful service
life. The source of beta rays in these prototypes is a radioactive isotope
called Ni-63 (nickel-63), which is a clean as well as mild beta radiator. After
fully decaying, the isotope transforms into a stable copper isotope.
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“North America is
expected dominate the market for betavoltaic cell during the forecast period,
owing to the high investments and rise in the development of betavoltaic
devices in the region. Furthermore, presence of major players in the region is
expected to fuel the growth of market over the next few years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Betavoltaic Cell Market By Isotopes
Type (Tritium, Strontium, Krypton, Nickel, Others), By Shape (Rectangular v/s
Cylindrical), By End User Industry (Aerospace, Electronics & Communication,
Healthcare, Defense, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global betavoltaic
cell market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global betavoltaic cell market.
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