Author: Vikas Kumar
09 July 2024
Nuclear fusion is a technology that produces energy through nuclear reactions, artificially reproducing processes that occur in stars such as the Sun. Through nuclear fusion reactions, hydrogen isotopes can be fused to produce helium, and a large amount of energy is generated in this process. Nuclear fusion technology is an eco-friendly method of electricity generation that allows for the use of fuel that seems almost infinite compared to fossil fuels and does not emit any carbon dioxide. In addition, it has the advantage of being difficult to control the fusion reaction, which makes it highly safe.
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In recent years, advances in related technologies have brightened the prospect of practical use of nuclear fusion, and energy companies and other companies are investing heavily in the technology. This is because nuclear fusion is attracting attention as a next-generation energy source that can replace traditional power generation methods. When fusion technology is commercialized in earnest, the energy market is expected to undergo major changes.
Conclusion
To conclude the development trend of nuclear fusion technology, expectations for the practical use of nuclear fusion are increasing due to remarkable technological advances in recent years. In particular, leading countries and institutions in the United States and Europe are carrying out large-scale projects and continuously verifying technologies and building related infrastructure.
The continuous achievements of various fusion reactors such as improved combustion rate and energy gain, as well as extended plasma restraint time, are also remarkable. If this trend of technological development continues and related investments are expanded, fusion technology is expected to achieve a paradigm shift in the energy market around the second half of the 21st century. Fusion power, which is pollution-free and based on almost infinite fuels, is expected to make a significant contribution to the preservation of the global environment. “According to the UnivDatos Market Insights, the nuclear fusion industry has experienced a notable expansion in recent years, and as per their “Nuclear Fusion Industry” report, the global industry was valued at USD 320 Billion in 2022, growing at a CAGR of 6% during the forecast period from 2023 – 2030 to reach USD billion by 2030.”
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