Global Betavoltaic Device Market Overview:
A betavoltaic device is also called betavoltaic cell or betavoltaic battery is a kind of nuclear battery that produces electric flow from beta particles (electrons) discharged from radioactive material, utilizing semiconductor intersections. A typical source utilized is the hydrogen isotope tritium. Dissimilar to most nuclear force sources which utilize nuclear radiation to create heat which then, at that point is utilized to create power, betavoltaic devices utilize a non-warm change measure, changing over the electron-opening sets delivered by the ionization trail of beta particles crossing a semiconductor. Betavoltaic power sources (and the connected innovation of alphavoltaic power sources are especially appropriate to low-control electrical applications where the long existence of the energy source is required.
- Rise in Investment in Research & Development of Cost-effective Betavoltaic Devices
- The increasing adoption of betavoltaic cells to manufacture cardiac pacemakers
- The availability of cheap alternatives for betavoltaic devices
- Demand for traditional electrochemical batteries is predominantly higher
- With continuous research and development, focusing on minimizing development cost
- Developing batteries that are powerful enough to run vehicles
- The longevity of electrochemical batteries than betavoltaic devices
The leading players in the market are developing new cost-effective devices by making new strategic partnerships with other companies. The companies are continuously doing research and developments and make technological advancements in the betavoltaic devices and availing competitive advantage.
Some of the key players profiled in the report are City Labs, Inc. (United States), BetaBatt, Inc. (United States), Direct Kinetic Solutions (United States), Widetronix (United States), NUST MISIS (Russia) and Qynergy Corp (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Betavoltaic Device market by 2026.
On 24 Sept 2020, Direct Kinetic Solutions announced that they have signed a joint partnership with SPiN - Space Products and Innovation GmbH, to further develop technologies. They are looking to embed a radioisotopic power system (RPS) to the driver library of SPiN's MA61C, (a universal adaptor for satellite manufacturers) as a new innovative solution for customers.
What Can be Explored with the Betavoltaic Device Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Betavoltaic Device Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Betavoltaic Device
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Betavoltaic Device market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Betavoltaic Device market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Government Regulatory Bodies, Government Research Institutions, Raw Material Suppliers, Aerospace Institutions and Communication Equipment Provider.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Betavoltaic Device Market?
The Betavoltaic Device market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Betavoltaic Device Market?
Top performing companies in the Global Betavoltaic Device market are City Labs, Inc. (United States), BetaBatt, Inc. (United States), Direct Kinetic Solutions (United States), Widetronix (United States), NUST MISIS (Russia) and Qynergy Corp (United States), to name a few.
3. What trending factors would impact Betavoltaic Device Market growth most?
"Increase investments in the space industry and coming up of new startup companies
" is seen as one of major influencing trends for Betavoltaic Device Market during projected period 2020-2026.