Betavoltaic Device Market: Current Analysis and Forecast (2021-2027)


Emphasis on Isotope Type (Tritium, Krypton, Nickel, and Others); End User (Aerospace, Electronics & Communication, Healthcare, Defense, and Others), and Region/Country









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Research Methodology

Report Description

Betavoltaic Device Market
Betavoltaic Device Market

Global Betavoltaic Device Market is expected to reach the market valuation of around US$ 400 million by 2027 expanding at a reasonable CAGR of above 2% during the forecast period (2021-2027). Over the decades, supporting government policies, increasing investments in research and developments has led to advancements in betavoltaic devices resulting to boost the global demand of betavoltaic devices. In addition, with time betavoltaic devices are now more reliable, efficient, increased operational life and high performance. Since betavoltaic cells have long operational life therefore they can be used in applications where battery replacement is inconvenient. Further, aerospace, defence, marine, electronics & communications and healthcare are major end use sectors and may drive the market at an influential rate. Savitribai Phule Pune University, India’s Physics department developed nuclear batteries for ISRO, the total cost of the project was around which can be used to accumulate energy on an external capacitor over a short or long period; minutes to days, for operation of sensors.


During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for betavoltaic cells. Majority of decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19. However, demand for betavoltaic cell is expected to come to normal post 2020.

Insights Presented in the Report

“Amongst Isotope Type, tritium held lucrative market share in 2020.”

Based on isotope type, the global betavoltaic device market is sub-segmented into tritium, krypton, nickel, others. Among all, tritium category held lucrative market share in 2020 and is expected to maintain its market significance during the forecast period. Due to low specific power tritium has long performance lifetime of nearly 20 years. Since tritium emits low energy electrons which can be stopped just by a piece of paper or a layer of skin, hence, making it safe and suitable choice for betavoltaic cells. Since nickel is majorly present only in Russia, owing to the presence of high gamma rays and low flux due to impurities present makes nickel unsuitable to be used in betavoltaic devices. Although nickel based betavoltaic device lasts for more than 100 years. Hence with increasing investment in research and development the demand of nickel based betavoltaic devices is likely to increase within the forecast period.

“Amongst End User, healthcare sector held prominent market share in 2020.”

Based on End User, the segment is categorized as aerospace, electronics & communication, healthcare, defense and others (oil & gas, marine). Among all, healthcare sector captures a significant market share of betavoltaic devices owing to rising cases of cardiovascular disease and use of betavoltaic cell in manufacturing cardiac pacemakers. In addition, betavoltaic cells is used in major applications in medical implants where biological functions such as heartbeat is maintained. Further, without any surgical intervention, betavoltaic cells can act as a power source to implantable medical devices such as cardiac pacemakers and implantable cardiac defibrillators for more than 10 years. For instance, in 2018, nearly 42% of deaths were reported due to cardiovascular diseases in U.S.

“North America represents considerable markets in the Global Betavoltaic Device Market.”

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Russia, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. North America held the considerable market share and is expected to see high growth of betavoltaic devices owing to manufacturing companies focus on the market with rising the investment in research and development coupled couple with favorable government policy. Some of the major players operating in the market include City Labs Inc., BetaBatt, Inc., Direct Kinetic Solutions, Widetronix, Qynergy Corp.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry

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1.1.Market Definitions
1.3.Stake Holders
1.4.Currency Used in Report

2.1. Research Methodology for the Global Betavoltaic Device Market
2.1.1. Main Objective of the Betavoltaic Device Market


7.1. Tritium
7.2. Krypto
7.3. Nickel
7.4. Others

8.1. Aerospace
8.2. Electronics & Communication
8.3. Healthcare
8.4. Defence
8.5. Others

9.1. North America Betavoltaic Device Market
9.1.1. United States
9.1.2. Canada
9.1.3. Rest of North America
9.2. Europe Betavoltaic Device Market
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Spain
9.2.5. Rest of Europe
9.3. Asia-Pacific Betavoltaic Device Market
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. Rest of Asia-Pacific
9.4. Rest of World

10.1. Market Drivers
10.2. Market Challenges
10.3. Impact Analysis



14.1. Demand Side Analysis
14.2. Supply Side Analysis
14.2.1. Top Product Launches
14.2.2. Top Business Partnerships
14.2.3. Top Business Expansions, Investments and Divestitures
14.2.4. Top Merger and Acquisitions


16.1. Porter’s Five Forces Analysis
16.1.1. Bargaining power of Supplier
16.1.2. Bargaining power of Buyer
16.1.3. Industry Rivalry
16.1.4. Availability of Substitute
16.1.5. Threat of new Entrants
16.2. Competitive Landscape
16.2.1. Company Shares, By Revenue

17.1. City Labs, Inc.
17.2. BetaBatt, Inc.
17.3. Direct Kinetic Solutions
17.4. Widetronix
17.5. Qynergy Corp.


Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the betavoltaic device were the three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the betavoltaic cell industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Betavoltaic Device Market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the betavoltaic device market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by isotope type and end user. Further regional and country-level analyses were conducted to evaluate the overall adoption of the betavoltaic device globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of betavoltaic device. Further, we conducted factor analysis using dependent and independent variables such as growing healthcare sector and increasing R&D activity related to betavoltaic. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the betavoltaic device industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global betavoltaic device market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and sub-segments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of betavoltaic device across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the betavoltaic device in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global betavoltaic device market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of isotope type and end user.

The Main Objective of the Betavoltaic Device Market Study

The current & future market trends of global betavoltaic device were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of betavoltaic device in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of isotope type and end user
  • Defined analysis of the regulatory framework for the betavoltaic device industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the betavoltaic device for the major countries
  • Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World.
  • Company profiles of the betavoltaic device players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive country level analysis of the industry