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GLOBAL BETAVOLTAIC CELL MARKET

– FORECAST AND OPPORTUNITIES

2016 – 2026

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Published: April 2021

2© TechSci Research

Table of Contents

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S. No. Contents

1 Betavoltaic Cell: Product Overview

2 Research Methodology

3 Impact of Covid-19 on Global Betavoltaic Cell Market

4 Executive Summary

5 Voice of Customer

6 Global Betavoltaic Cell Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Isotopes Type (Tritium, Strontium, Krypton, Nickel, Others)

6.2.2. By Shape (Rectangular v/s Cylindrical)

6.2.3.By End User Industry (Aerospace, Electronics & Communication, Healthcare, Defense, Others)

6.2.4. By Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America)

6.2.5. By Company (2020)

6.3. Product Market Map

7 North America Betavoltaic Cell Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Isotopes Type

7.2.2. By Shape

7.2.3. By End User Industry

7.2.4. By Country

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7.3. North America : Country Analysis

7.3.1. USA Betavoltaic Cell Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Isotopes Type

7.3.1.2.2. By Shape

7.3.1.2.3. By End User Industry

7.3.2. Canada Betavoltaic Cell Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Isotopes Type

7.3.2.2.2. By Shape

7.3.2.2.3. By End User Industry

7.3.3. Mexico Betavoltaic Cell Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Isotopes Type

7.3.3.2.2. By Shape

7.3.3.2.3. By End User Industry

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8 Europe Betavoltaic Cell Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Isotopes Type

8.2.2. By Shape

8.2.3. By End User Industry

8.2.4. By Country

8.3. Europe : Country Analysis

8.3.1. France Betavoltaic Cell Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Isotopes Type

8.3.1.2.2. By Shape

8.3.1.2.3. By End User Industry

8.3.2. Italy Betavoltaic Cell Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1 By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Isotopes Type

8.3.2.2.2. By Shape

8.3.2.2.3. By End User Industry

8.3.3. United Kingdom Betavoltaic Cell Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

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8.3.3.2 Market Share & Forecast

8.3.3.2.1. By Isotopes Type

8.3.3.2.2. By Shape

8.3.3.2.3. By End User Industry

8.3.4. Germany Betavoltaic Cell Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Isotopes Type

8.3.4.2.2. By Shape

8.3.4.2.3. By End User Industry

8.3.5. Spain Betavoltaic Cell Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Isotopes Type

8.3.5.2.2. By Shape

8.3.5.2.3. By End User Industry

9 Asia Pacific Betavoltaic Cell Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

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9.2. Market Share & Forecast

9.2.1. By Isotopes Type

9.2.2. By Shape

9.2.3. By End User Industry

9.2.4. By Country

9.3. Asia Pacific: Country Analysis

9.3.1. China Betavoltaic Cell Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Isotopes Type

9.3.1.2.2. By Shape

9.3.1.2.3. By End User Industry

9.3.2. India Betavoltaic Cell Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Isotopes Type

9.3.2.2.2. By Shape

9.3.2.2.3. By End User Industry

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9.3.3. Japan Betavoltaic Cell Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Isotopes Type

9.3.3.2.2. By Shape

9.3.3.2.3. By End User Industry

9.3.4. South Korea Betavoltaic Cell Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value & Volume

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Isotopes Type

9.3.4.2.2. By Shape

9.3.4.2.3. By End User Industry

9.3.5. Australia Betavoltaic Cell Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value & Volume

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Isotopes Type

9.3.5.2.2. By Shape

9.3.5.2.3. By End User Industry

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10 Middle East and Africa Betavoltaic Cell Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Isotopes Type

10.2.2. By Shape

10.2.3. By End User Industry

10.2.4. By Country

10.3. Middle East: Country Analysis

10.3.1. UAE Betavoltaic Cell Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Isotopes Type

10.3.1.2.2. By Shape

10.3.1.2.3. By End User Industry

10.3.2. Saudi Arabia Betavoltaic Cell Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Isotopes Type

10.3.2.2.2. By Shape

10.3.2.2.3. By End User Industry

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10.3.3. South Africa Betavoltaic Cell Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Isotopes Type

10.3.3.2.2. By Shape

10.3.3.2.3. By End User Industry

11 South America Betavoltaic Cell Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Isotopes Type

11.2.2. By Shape

11.2.3. By End User Industry

11.2.4. By Country

11.3. South America: Country Analysis

11.3.1. Brazil Betavoltaic Cell Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Isotopes Type

11.3.1.2.2. By Shape

11.3.1.2.3. By End User Industry

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11.3.2. Argentina Betavoltaic Cell Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Isotopes Type

11.3.2.2.2. By Shape

11.3.2.2.3. By End User Industry

11.3.3. Colombia Betavoltaic Cell Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value & Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Isotopes Type

11.3.3.2.2. By Shape

11.3.3.2.3. By End User Industry

12 Market Dynamics

12.1. Drivers

12.2. Challenges

13 Market Trends and Developments

14 Competitive Landscape

14.1 Competition Outlook

14.2 Company Profiles

14.2.1 Widetronix, Inc.

14.2.2. Qynergy Corporation

14.2.3. City Labs, Inc.

14.2.4. BetaBatt, Inc

14.2.5. NDB Inc.

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15 Patent Analysis

16 Strategic Recommendations

17 About Us & Disclaimer

Product Overview

13© TechSci Research

Product OverviewProduct of Interest: Betavoltaic Cell

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year RangeGlobal Betavoltaic Cell MarketBY ISOTOPES TYPE

• Tritium

• Strontium

• Krypton

• Nickel

• Others

BY SHAPE

• Rectangular v/s

Cylindrical

BY REGION

• North America

• Europe

• Middle East & Africa

• Asia Pacific

• South America

A Betavoltaic cell is a device that generates electrical energy using the decay energy of a beta emittingradioisotope using transducers. The advantages associated with the betavoltaic cells are long servicelife, high energy density, small size, light weight, strong anti-interference ability and easyminiaturization and integration. Therefore, it has become a research hotspot in the field of microenergy. Betavoltaic cells find their applications wherein battery replacement is inconvenient such asmedical devices, space instruments and military & civilian applications.

Market Segmentation

BY END USER INDUSTRY

• Aerospace

• Electronics & Communication

• Healthcare

• Defense

• Others

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Research Methodology

15© TechSci Research

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players, overall market size and

segmental market size in global betavoltaic cell

market.

In order to conduct industry experts’

interviews, TechSciformulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about global betavoltaic cell

market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor Presentations✓ Regulatory Body

Secondary ResearchPrimary Research

15

16© TechSci Research

Research Methodology

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global betavoltaic cell market. The

team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated

a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better

decisions while planning their strategy to achieve sustainability in the global betavoltaic cell market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected

through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry

experts.

The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global betavoltaic

cell market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard

deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016-2020.

17© TechSci Research

Research Methodology

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Respondents were asked about the current and future market growth rates, as well as market shares by component, by type,

by end use, by category and by company. Removing the outlier responses, the geometric mean of growth estimates and

provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.

Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the

component.

Methodology Followed for Calculation of Market Shares:

Market shares by component, by type, by end use, by category and by company were calculated based on the responses

received through primary surveys with industry experts, in which the respondents were asked about the market shares of the

leading betavoltaic cell market players. The final shares were calculated by taking the geometric mean of the responses

gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading

companies operating in the global betavoltaic cell market.

Methodology Followed for Forecasting:

TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the

survey results in SPSS/Tableau Software.

18© TechSci Research

Research Methodology

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Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast

the global betavoltaic cell market, TechSci Research used various forecast techniques such as:

o Moving Average

o Time Series Analysis

o Regression Analysis

o Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.

TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market

demand scenario.

Note: Sum of some shares may not be 100% due to round off till two decimal places.

Partial List of Companies Interviewed

City Labs, Inc., BetaBatt, Inc. , Qynergy Corporation , Widetronix, Inc., NDB (Nano

Diamond Battery) Inc.

Partial List of Secondary Sources

Company Annual Reports, Press Releases, Industry Magazines, Industry Reports,

Company Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.

19© TechSci Research

Industry Brief

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According to TechSci Research report, “Global Betavoltaic Cell Market By Isotopes Type (Tritium, Strontium, Krypton, Nickel and Others), By Shape (Regular

and Cylindrical), By End User Industry (Healthcare, Aerospace, Defense, Electronics & Communication and Others), By Region, Competition Forecast &

Opportunities, 2016-2026”, the Global Betavoltaic Cell Market is forecast to grow at a rate of 2.18% by value to reach USD394.57 million by 2026. Growth in the

market can be attributed to the increasing investment by various governments across the globe in research & development activities to create better

opportunities for the usage of betavoltaic cells. The betavoltaic battery is a type of micronuclear battery that harvests beta-emitting radioactive decay energy

using semiconductors. These batteries are highly functional, can be miniaturized to the size of a human hair and can perform functions in difficult conditions

such as in space, inside human body, polar regions, high mountains, etc. The Global Betavoltaic Market is expected to show growth in the forecast period

owning to its niche applications in medical devices such as pacemakers, and defibrillators and in military equipment, spacecrafts, undersea exploration, etc.

The Global Betavoltaic Cell Market is segmented based on isotopes type, shape, end-user industry and region. In terms of isotopes type, the market can be

segregated into Tritium, Strontium, Krypton, Nickel and Others. Out of these, the Tritium segment registered a dominant market share in 2020 due to valuable

features like long half-life, lower specific power and inherited safety.

Based on shape, the market is segmented into regular and cylindrical. The regular shape dominates the Global Betavoltaic Cell Market over the cylindrical

shape owing to its compact size and ability of easy miniaturization and integration.

Based on the end-user industry, the market is divided into Aerospace, Electronics & Communication, Healthcare, Defense and Others. The Healthcare Industry

led the market in 2020 and is expected to show further growth in the forecast period. Betavoltaic cells find major applications in medical implants such as

cardiac pacemakers. Moreover, the governments are increasing their investments in the research and development of the healthcare industry, which has further

increased after the COVID-19 pandemic. These factors are anticipated to contribute to the growth of the segment in the Global Betavoltaic Cell Market.

In the Global Betavoltaic Cell Market, North America is the largest contributor withholding the maximum market share in 2020. The US is the largest

contributing country in the region for the forecast period due to a large number of space programs and space enthusiasts working in the field of space

exploration. The US Betavoltaic Market also received huge investments from the government in the research & development of space programs. The US

Betavoltaic Market is also growing due to the growth in the healthcare & medical devices sector and increasing demand for alternative power supply in military

and civilian applications. The increasing adoption of betavoltaic cells to manufacture cardiac pacemakers is also a major factor in driving the growth of

betavoltaic cells in North America.

Widetronix, Inc., Qynergy Corporation, City Labs, Inc., BetaBatt, Inc., NDB Inc., etc. are among the leading players operating in the Global Betavoltaic Cell

Market. Companies operating in the market are using organic strategies, partnerships and collaborations to boost their shares in the Global Betavoltaic Cell

Market. Significant players in the market are concentrating on accomplishing ideal operational setup, enhancing manufacturability & commercialization,

boosting productivity with high funding in R&D, and patenting the technology to achieve progress in the competitive Global Betavoltaic Cell Market.

“Increasing investment in space technologies is the major factor for the growth in the Global Betavoltaic Cell Market. The research in the field of healthcare to

power the medical implants for maintaining the biological functions is another niche application of the betavoltaic cell which is expected to fuel the growth of the

Global Betavoltaic Cell Market. Moreover, the research and development divisions of different organizations are working to lay the foundation for the

development of the betavoltaic cells as a long-life, self-charging micro power unit which will open further opportunities for the Global Betavoltaic Cell Market.”

said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

20© TechSci Research

Sample Data - Snapshot

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2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Value (USD Million)

Global Betavoltaic Cell Market Size, By Value (USD Million), 2016-2026F

CAGR 2016-2020By Value: xx%

CAGR 2021E-2026FBy Value: xx%

Europe Betavoltaic Cell Market Share, By Shape, By Value, 2016-2026F

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Regular 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

Cylindrical 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00%

Italy Betavoltaic Cell Market Share, By End User Industry, By Value, 2016-2026F

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Healthcare 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

Aerospace 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

Defence 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

Electronics & Communication 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

21© TechSci Research

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Report Name: GLOBAL BETAVOLTAIC CELL MARKET

– FORECAST AND OPPORTUNITIES

2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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