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Global Fusion Energy Market to reach USD 429.6 billion by the end of 2030.

Global Fusion Energy Market Size study & Forecast, by Technology (Inertial Confinement, Magnetic Confinement), by Fuels (Deuterium tritium, Deuterium, Deuterium helium 3, Proton Boron) and Regional Analysis, 2023-2030

Product Code: EPRE-87236394
Publish Date: 4-10-2023
Page: 200

Global Fusion Energy Market is valued at approximately USD 251.91 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2023-2030. Fusion energy is a form of energy generated by nuclear fusion, the same process that powers the sun and stars. It involves the fusion of light atomic nuclei, typically isotopes of hydrogen, to release a tremendous amount of energy. The primary fuel for fusion reactions is isotopes of hydrogen, particularly deuterium and tritium. Deuterium extracted from seawater, while tritium produced within a fusion reactor using lithium. These fuel sources are virtually inexhaustible, ensuring a long-term and abundant supply of fusion energy. The Fusion Energy market is expanding because of factors such as increasing demand for sustainable energy resources and a growing number of nuclear power plants. It is a clean and environmentally friendly energy source, producing no greenhouse gas emissions or long-lived radioactive waste Its importance has progressively increased during the forecast period 2023-2030.

According to Statista, the global renewable energy market is expected to reach over 2 trillion U.S. dollars by 2030. Furthermore, in 2022 China, the United States, and Brazil were the top three countries in terms of installed renewable energy with a capacity of approximately 1,161 gigatons, China was the leader in renewable energy installation followed by the United States capacity of roughly 352 gigatons. Another important factor that drives the Fusion Energy market is the increasing number of nuclear power plants. As nuclear power plants based on fission reactions are commercially available and have been in operation for decades. In addition, as per Statista, in 2023, there are 436 nuclear reactors in 32 nations around the world with the United States having the most nuclear power reactors in operation approx. 93 units. Moreover, rising government initiatives regarding sustainable energy resources and growing investment in research and development related to fusion energy are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high initial cost of fusion energy systems and lack of skilled professionals stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fusion Energy Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing technological advancement and investments in fusion technology within the industry. Moreover, the largest deuterium-extracting plant is located in Canada, facilitating market growth in the region. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising investment in fusion energy research and development, and rising government initiatives, makes it a promising region for the growth of the fusion energy market.

Major market player included in this report are:
Zap Energy Inc
Helion Energy Inc
Commonwealth Fusion Systems
Lockheed Martin Corporation
Kyoto Fusioneering Ltd
Renaissance Fusion
TAE Technologies, Inc
HB11 Energy Holdings Pty Ltd
AGNI Energy Inc
Hyperjet Fusion Corporation

Recent Developments in the Market:
Ø In May 2023, Commonwealth Fusion Systems has been chosen as a recipient of the U.S. Department of Energy’s USD 46 million milestone-based commercial fusion energy development programmes, which aims to strengthen the United States’ leadership in commercial fusion energy. CFS is one of eight businesses chosen, and it is the only one pursuing the traditional tokamak method of commercial fusion. Manufacturing and testing its first fusion magnet for SPARC, launching a fusion community benefits programme with strong commitments to diversity, equity, inclusion, accessibility and energy justice, developing the design and technology roadmap for CFS’ first commercial fusion power plant, and submitting its ARC physics basis papers are all CFS milestones.

Global Fusion Energy Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Fuels, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology
Inertial Confinement
Magnetic Confinement

By Fuels
Deuterium tritium
Deuterium
Deuterium helium 3
Proton Boron

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fusion Energy Market, by Region, 2020-2030 (USD Billion)
1.2.2. Fusion Energy Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Fusion Energy Market, by Fuels, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fusion Energy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fusion Energy Market Dynamics
3.1. Fusion Energy Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for sustainable energy resources
3.1.1.2. Growing number of nuclear power plants
3.1.2. Market Challenges
3.1.2.1. High initial cost of fusion energy systems
3.1.2.2. Lack of skilled professionals
3.1.3. Market Opportunities
3.1.3.1. Rising government initiatives regarding sustainable energy resources
3.1.3.2. Growing investment in research and development related to fusion energy
Chapter 4. Global Fusion Energy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fusion Energy Market, by Technology
5.1. Market Snapshot
5.2. Global Fusion Energy Market by Technology, Performance – Potential Analysis
5.3. Global Fusion Energy Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Fusion Energy Market, Sub Segment Analysis
5.4.1. Inertial Confinement
5.4.2. Magnetic Confinement
Chapter 6. Global Fusion Energy Market, by Fuels
6.1. Market Snapshot
6.2. Global Fusion Energy Market by Fuels, Performance – Potential Analysis
6.3. Global Fusion Energy Market Estimates & Forecasts by Fuels 2020-2030 (USD Billion)
6.4. Fusion Energy Market, Sub Segment Analysis
6.4.1. Deuterium tritium
6.4.2. Deuterium
6.4.3. Deuterium helium 3
6.4.4. Proton Boron
Chapter 7. Global Fusion Energy Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Fusion Energy Market, Regional Market Snapshot
7.4. North America Fusion Energy Market
7.4.1. U.S. Fusion Energy Market
7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
7.4.1.2. Fuels breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Fusion Energy Market
7.5. Europe Fusion Energy Market Snapshot
7.5.1. U.K. Fusion Energy Market
7.5.2. Germany Fusion Energy Market
7.5.3. France Fusion Energy Market
7.5.4. Spain Fusion Energy Market
7.5.5. Italy Fusion Energy Market
7.5.6. Rest of Europe Fusion Energy Market
7.6. Asia-Pacific Fusion Energy Market Snapshot
7.6.1. China Fusion Energy Market
7.6.2. India Fusion Energy Market
7.6.3. Japan Fusion Energy Market
7.6.4. Australia Fusion Energy Market
7.6.5. South Korea Fusion Energy Market
7.6.6. Rest of Asia Pacific Fusion Energy Market
7.7. Latin America Fusion Energy Market Snapshot
7.7.1. Brazil Fusion Energy Market
7.7.2. Mexico Fusion Energy Market
7.8. Middle East & Africa Fusion Energy Market
7.8.1. Saudi Arabia Fusion Energy Market
7.8.2. South Africa Fusion Energy Market
7.8.3. Rest of Middle East & Africa Fusion Energy Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Zap Energy Inc
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Helion Energy Inc
8.3.3. Commonwealth Fusion Systems
8.3.4. Lockheed Martin Corporation
8.3.5. Kyoto Fusioneering Ltd
8.3.6. Renaissance Fusion
8.3.7. TAE Technologies, Inc
8.3.8. HB11 Energy Holdings Pty Ltd
8.3.9. AGNI Energy Inc
8.3.10. Hyperjet Fusion Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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