Global Nuclear Battery Market: Overview
Nuclear
battery (atomic) is a new generation of power-generating devices, based on the
concept of producing electrical power from radio isotopic fuel sources.
Technological advancements in material technologies in electricity production,
nuclear isotope held devices (batteries) are feasible to generate electrical
power in an efficient manner. These batteries are able to produce power in
multi watt levels and with negligible heat emission in its daily operation.
These nuclear batteries can be scaled to reach levels of power up to thousands
of watts, if required. This new technology has been made viable to be used
with/compatible with almost all kinds of electronic devices.
Nuclear
batteries use high amount of energy released by the tiny bits of radioactive
material without any fission or fusion taking place inside the battery. These
devices use thin radioactive films that encompasses the energy at a very high
densities as compared to regular chemical fuel batteries. These nuclear
batteries are very small in size as compared to conventional chemical fuel
battery. Their small size is due to its high energy density.
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Chemical
batteries are often known for their short and unpredictable lifespan. Regular
replacements are a must to keep them running in humming condition. For a few
hundred kilo watt (kW) power generation large amounts of chemical fuel are
required for a significant period of time. The maintenance, efficient
logistical requirements for chemical fuels in order to keep the batteries
running for continuous power generation have been overcome with the advent of
nuclear batteries. Nuclear batteries are a lot lighter in weight as compared to
heavy and bulky chemical fuel battery used for high voltage power output. This
is advantageous for its prominent market presence. Solar and fuel cell
batteries are often not considered due to their high operational expenditure (opex).
The high opex, and a large area requirement can be a worrying factor in case
where the application require low and modest power. Nuclear batteries require
less space. They require low maintenance as compared to renewable sources such
as solar and fuel cell and do not require continuous medium such as sunlight
throughout the day for their proper and efficient functioning.
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The
nuclear batteries are small, compact, reliable, lightweight, and self-contained
rugged to provide power to electrical power to applications such as electric
automobiles, residential and commercial spaces, industrial, agricultural,
recreational, remote monitoring systems, spacecraft and deep-sea probes, and
others (military, among others). Radar systems, advanced communication satellites,
and high technology weapons such as nuclear weapons require high and continuous
power for their operations. Nuclear batteries are capable to deliver such high
power requirements. These batteries are also used in nuclear power reactors.
Based on type of nuclear battery, the nuclear battery market is segmented into
junction type battery and self-reciprocating cantilever.
In terms
of region, the nuclear
battery market is segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. Asia Pacific accounted for a major
share of the nuclear battery market due to rapid expansion of end-use
industries in the region. The region is followed by North America and Europe
regions.
Key
players operating in the nuclear battery market are Exide Technologies, TESLA
Energy, GEV Attenfall American Elements, Curtiss Wright Nuclear, Comsoll Inc.,
and Thermo PV.
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