The fusion energy market is estimated at $429.6 billion in 2030, and is anticipated to generate $840.3 billion by 2040. The market is projected to experience growth at a CAGR of 6.9% from 2031 to 2040.
Fusion energy is believed to have net zero carbon emissions and is prophesied to be the savior of nature. Fusion energy is in the experimental stage where through different approaches (majorly two) energy generation is done. Several technologies which mainly apply are based on Tokomak and stellarator. Around 60 tokamaks and 10 stellarators are currently operating foe continuous fusion energy generation. The fusion energy market is in its nascent stage. The market is highly favorable for suppliers, as natural gas reserves are unevenly distributed across globe. Product differentiation is low among leading players, as the market is significantly constricted. Thus, by analyzing previously mentioned factors, the bargaining power of the supplier is high. Moreover, the presence of limited private players and institutions in the fusion energy market has to compete with energy sources from fossil fuel and other renewable and non-renewable fuel and thus, it makes the market highly competitive. Capital investment in R&D to enhance the existing properties is high. High capital investment makes the fusion energy market highly competitive, as innovation in the field is high. Therefore, the competitive rivalry is high in this market.
Research companies and institution have made great progress in magnetic confinement fusion and have achieved plasmas of very high temperatures with ease. The development of powerful magnets to handle plasmas and novel materials that can withstand the challenging conditions in the reactor vessels drive the fusion energy market growth. Advances in experimentation, theory, modelling, and simulation have led to a deeper understanding of the behavior of plasmas, and experimental tokamak and stellarator devices will be central to proving the scientific and technical viability of fusion energy production. In recent funding round, Many companies have claimed that by 2025 fusion energy will be commercially available. According to Steve Cowley, Director of the Department of Energy’s Princeton Plasma Physics Laboratory, noted that 2021 was an amazing year for fusion energy industry. It was also mentioned that for the first-time fusion burn provided the energy to keep the fuel at about 100 million degrees during an experiment.
The inertial confinement approach is similar to what is used in the hydrogen bomb. In this, a small quantity of fuel is continuously compressed and heated. This leads to high pressure in fuel. Due to the high pressure, the fuel disassembles and explodes. The inertia of the fuel itself keeps it from escaping and hence it is named as inertial confinement. Magnetic confinement approach is highly adopted by the fusion energy industry players. Tokamak and stellarator are the two different reactors that are under experiment that is two ways or approaching systems for one solution which is fusion energy.
The fusion energy market is segmented based on technology, fuels, and region. Depending on technology, the market is divided in inertial confinement and magnetic confinement. Based on fuels, it is divided into Deuterium Tritium, Deuterium, Deuterium Helium 3, Proton Boron. Region wise, fusion energy market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). The key players in the market are Agni Fusion Energy, TAE Technologies, Helion Energy, Commonwealth Fusion Systems, General Fusion, Tokamak Energy, Zap Energy, First Light Fusion, Lockheed Martin, Hyperjet Fusion, Marvel Fusion, HB11, Renaissance Fusion, and Kyoto Fusioneering.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features Strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry
Fusion energy is believed to have net zero carbon emissions and is prophesied to be the savior of nature. Fusion energy is in the experimental stage where through different approaches (majorly two) energy generation is done. Several technologies which mainly apply are based on Tokomak and stellarator. Around 60 tokamaks and 10 stellarators are currently operating foe continuous fusion energy generation. The fusion energy market is in its nascent stage. The market is highly favorable for suppliers, as natural gas reserves are unevenly distributed across globe. Product differentiation is low among leading players, as the market is significantly constricted. Thus, by analyzing previously mentioned factors, the bargaining power of the supplier is high. Moreover, the presence of limited private players and institutions in the fusion energy market has to compete with energy sources from fossil fuel and other renewable and non-renewable fuel and thus, it makes the market highly competitive. Capital investment in R&D to enhance the existing properties is high. High capital investment makes the fusion energy market highly competitive, as innovation in the field is high. Therefore, the competitive rivalry is high in this market.
Research companies and institution have made great progress in magnetic confinement fusion and have achieved plasmas of very high temperatures with ease. The development of powerful magnets to handle plasmas and novel materials that can withstand the challenging conditions in the reactor vessels drive the fusion energy market growth. Advances in experimentation, theory, modelling, and simulation have led to a deeper understanding of the behavior of plasmas, and experimental tokamak and stellarator devices will be central to proving the scientific and technical viability of fusion energy production. In recent funding round, Many companies have claimed that by 2025 fusion energy will be commercially available. According to Steve Cowley, Director of the Department of Energy’s Princeton Plasma Physics Laboratory, noted that 2021 was an amazing year for fusion energy industry. It was also mentioned that for the first-time fusion burn provided the energy to keep the fuel at about 100 million degrees during an experiment.
The inertial confinement approach is similar to what is used in the hydrogen bomb. In this, a small quantity of fuel is continuously compressed and heated. This leads to high pressure in fuel. Due to the high pressure, the fuel disassembles and explodes. The inertia of the fuel itself keeps it from escaping and hence it is named as inertial confinement. Magnetic confinement approach is highly adopted by the fusion energy industry players. Tokamak and stellarator are the two different reactors that are under experiment that is two ways or approaching systems for one solution which is fusion energy.
The fusion energy market is segmented based on technology, fuels, and region. Depending on technology, the market is divided in inertial confinement and magnetic confinement. Based on fuels, it is divided into Deuterium Tritium, Deuterium, Deuterium Helium 3, Proton Boron. Region wise, fusion energy market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa). The key players in the market are Agni Fusion Energy, TAE Technologies, Helion Energy, Commonwealth Fusion Systems, General Fusion, Tokamak Energy, Zap Energy, First Light Fusion, Lockheed Martin, Hyperjet Fusion, Marvel Fusion, HB11, Renaissance Fusion, and Kyoto Fusioneering.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features Strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fusion energy market analysis from 2030 to 2040 to identify the prevailing fusion energy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the fusion energy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global fusion energy market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Technology
- Inertial Confinement
- Magnetic Confinement
By Fuels
- Deuterium tritium
- Deuterium
- Deuterium helium 3
- Proton Boron
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- General Fusion
- Helion Energy Inc.
- Kyoto Fusioneering Ltd.
- Hyperjet Fusion Corporation
- HB11 Energy Holdings Pty Ltd
- Agni Fusion Energy
- First Light Fusion
- Zap Energy Inc.
- TAE Technologies, Inc.
- Tokamak Energy Ltd.
- Marvel Fusion
- Lockheed Martin Corporation
- Commonwealth Fusion Systems
- Renaissance Fusion
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Sustainability
3.4.1.2. Abundant Energy
3.4.1.3. Cost-competitve Energy
3.4.2. Restraints
3.4.2.1. No approach guarantees sustained fusion reaction
3.4.2.2. Radio-active wastes
3.4.3. Opportunities
3.4.3.1. Energy Shift towards renewable resources
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Patent Landscape
3.8. Value Chain Analysis
CHAPTER 4: FUSION ENERGY MARKET, BY TECHNOLOGY
4.1. Overview
4.1.1. Market size and forecast
4.2. Inertial Confinement
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Magnetic Confinement
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: FUSION ENERGY MARKET, BY FUELS
5.1. Overview
5.1.1. Market size and forecast
5.2. Deuterium tritium
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Deuterium
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Deuterium helium 3
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Proton Boron
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: FUSION ENERGY MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Technology
6.2.3. Market size and forecast, by Fuels
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Technology
6.2.4.1.3. Market size and forecast, by Fuels
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Technology
6.2.4.2.3. Market size and forecast, by Fuels
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Technology
6.2.4.3.3. Market size and forecast, by Fuels
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Technology
6.3.3. Market size and forecast, by Fuels
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Technology
6.3.4.1.3. Market size and forecast, by Fuels
6.3.4.2. UK
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Technology
6.3.4.2.3. Market size and forecast, by Fuels
6.3.4.3. France
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Technology
6.3.4.3.3. Market size and forecast, by Fuels
6.3.4.4. Italy
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Technology
6.3.4.4.3. Market size and forecast, by Fuels
6.3.4.5. Spain
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Technology
6.3.4.5.3. Market size and forecast, by Fuels
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Technology
6.3.4.6.3. Market size and forecast, by Fuels
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Technology
6.4.3. Market size and forecast, by Fuels
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Technology
6.4.4.1.3. Market size and forecast, by Fuels
6.4.4.2. Japan
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Technology
6.4.4.2.3. Market size and forecast, by Fuels
6.4.4.3. India
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Technology
6.4.4.3.3. Market size and forecast, by Fuels
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Technology
6.4.4.4.3. Market size and forecast, by Fuels
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Technology
6.4.4.5.3. Market size and forecast, by Fuels
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Technology
6.4.4.6.3. Market size and forecast, by Fuels
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Technology
6.5.3. Market size and forecast, by Fuels
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Technology
6.5.4.1.3. Market size and forecast, by Fuels
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Technology
6.5.4.2.3. Market size and forecast, by Fuels
6.5.4.3. South Africa
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Technology
6.5.4.3.3. Market size and forecast, by Fuels
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Technology
6.5.4.4.3. Market size and forecast, by Fuels
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2030
CHAPTER 8: COMPANY PROFILES
8.1. Agni Fusion Energy
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.2. TAE Technologies, Inc.
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.3. Helion Energy Inc.
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.4. Commonwealth Fusion Systems
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Key strategic moves and developments
8.5. General Fusion
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.6. Tokamak Energy Ltd.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.7. Zap Energy Inc.
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.8. First Light Fusion
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.9. Lockheed Martin Corporation
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. Hyperjet Fusion Corporation
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
8.11. HB11 Energy Holdings Pty Ltd
8.11.1. Company overview
8.11.2. Key Executives
8.11.3. Company snapshot
8.11.4. Operating business segments
8.11.5. Product portfolio
8.12. Renaissance Fusion
8.12.1. Company overview
8.12.2. Key Executives
8.12.3. Company snapshot
8.12.4. Operating business segments
8.12.5. Product portfolio
8.13. Marvel Fusion
8.13.1. Company overview
8.13.2. Key Executives
8.13.3. Company snapshot
8.13.4. Operating business segments
8.13.5. Product portfolio
8.14. Kyoto Fusioneering Ltd.
8.14.1. Company overview
8.14.2. Key Executives
8.14.3. Company snapshot
8.14.4. Operating business segments
8.14.5. Product portfolio
List of Tables
Table 01. Global Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 02. Fusion Energy Market for Inertial Confinement, by Region, 2030-2040 (Revenue, $Billion)
Table 03. Fusion Energy Market for Magnetic Confinement, by Region, 2030-2040 (Revenue, $Billion)
Table 04. Global Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 05. Fusion Energy Market for Deuterium Tritium, by Region, 2030-2040 (Revenue, $Billion)
Table 06. Fusion Energy Market for Deuterium, by Region, 2030-2040 (Revenue, $Billion)
Table 07. Fusion Energy Market for Deuterium Helium 3, by Region, 2030-2040 (Revenue, $Billion)
Table 08. Fusion Energy Market for Proton Boron, by Region, 2030-2040 (Revenue, $Billion)
Table 09. Fusion Energy Market, by Region, 2030-2040 (Revenue, $Billion)
Table 10. North America Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 11. North America Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 12. North America Fusion Energy Market, by Country, 2030-2040 (Revenue, $Billion)
Table 13. U.S. Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 14. U.S. Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 15. Canada Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 16. Canada Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 17. Mexico Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 18. Mexico Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 19. Europe Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 20. Europe Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 21. Europe Fusion Energy Market, by Country, 2030-2040 (Revenue, $Billion)
Table 22. Germany Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 23. Germany Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 24. UK Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 25. UK Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 26. France Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 27. France Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 28. Italy Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 29. Italy Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 30. Spain Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 31. Spain Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 32. Rest of Europe Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 33. Rest of Europe Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 34. Asia-Pacific Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 35. Asia-Pacific Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 36. Asia-Pacific Fusion Energy Market, by Country, 2030-2040 (Revenue, $Billion)
Table 37. China Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 38. China Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 39. Japan Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 40. Japan Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 41. India Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 42. India Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 43. South Korea Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 44. South Korea Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 45. Australia Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 46. Australia Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 47. Rest of Asia-Pacific Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 48. Rest of Asia-Pacific Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 49. LAMEA Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 50. LAMEA Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 51. LAMEA Fusion Energy Market, by Country, 2030-2040 (Revenue, $Billion)
Table 52. Brazil Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 53. Brazil Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 54. Saudi Arabia Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 55. Saudi Arabia Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 56. South Africa Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 57. South Africa Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 58. Rest of LAMEA Fusion Energy Market, by Technology, 2030-2040 (Revenue, $Billion)
Table 59. Rest of LAMEA Fusion Energy Market, by Fuels, 2030-2040 (Revenue, $Billion)
Table 60. Agni Fusion Energy: Key Executives
Table 61. Agni Fusion Energy: Company Snapshot
Table 62. Agni Fusion Energy: Service Segments
Table 63. Agni Fusion Energy: Product Portfolio
Table 64. Tae Technologies, Inc.: Key Executives
Table 65. Tae Technologies, Inc.: Company Snapshot
Table 66. Tae Technologies, Inc.: Service Segments
Table 67. Tae Technologies, Inc.: Product Portfolio
Table 68. Helion Energy Inc.: Key Executives
Table 69. Helion Energy Inc.: Company Snapshot
Table 70. Helion Energy Inc.: Service Segments
Table 71. Helion Energy Inc.: Product Portfolio
Table 72. Commonwealth Fusion Systems: Key Executives
Table 73. Commonwealth Fusion Systems: Company Snapshot
Table 74. Commonwealth Fusion Systems: Service Segments
Table 75. Commonwealth Fusion Systems: Product Portfolio
Table 76. Commonwealth Fusion Systems: Key Strategies
Table 77. General Fusion: Key Executives
Table 78. General Fusion: Company Snapshot
Table 79. General Fusion: Service Segments
Table 80. General Fusion: Product Portfolio
Table 81. Tokamak Energy Ltd.: Key Executives
Table 82. Tokamak Energy Ltd.: Company Snapshot
Table 83. Tokamak Energy Ltd.: Service Segments
Table 84. Tokamak Energy Ltd.: Product Portfolio
Table 85. Zap Energy Inc.: Key Executives
Table 86. Zap Energy Inc.: Company Snapshot
Table 87. Zap Energy Inc.: Service Segments
Table 88. Zap Energy Inc.: Product Portfolio
Table 89. First Light Fusion: Key Executives
Table 90. First Light Fusion: Company Snapshot
Table 91. First Light Fusion: Service Segments
Table 92. First Light Fusion: Product Portfolio
Table 93. Lockheed Martin Corporation: Key Executives
Table 94. Lockheed Martin Corporation: Company Snapshot
Table 95. Lockheed Martin Corporation: Product Segments
Table 96. Lockheed Martin Corporation: Product Portfolio
Table 97. Hyperjet Fusion Corporation: Key Executives
Table 98. Hyperjet Fusion Corporation: Company Snapshot
Table 99. Hyperjet Fusion Corporation: Service Segments
Table 100. Hyperjet Fusion Corporation: Product Portfolio
Table 101. Hb11 Energy Holdings Pty Ltd.: Key Executives
Table 102. Hb11 Energy Holdings Pty Ltd.: Company Snapshot
Table 103. Hb11 Energy Holdings Pty Ltd.: Service Segments
Table 104. Hb11 Energy Holdings Pty Ltd.: Product Portfolio
Table 105. Renaissance Fusion: Key Executives
Table 106. Renaissance Fusion: Company Snapshot
Table 107. Renaissance Fusion: Service Segments
Table 108. Renaissance Fusion: Product Portfolio
Table 109. Marvel Fusion: Key Executives
Table 110. Marvel Fusion: Company Snapshot
Table 111. Marvel Fusion: Service Segments
Table 112. Marvel Fusion: Product Portfolio
Table 113. Kyoto Fusioneering Ltd.: Key Executives
Table 114. Kyoto Fusioneering Ltd.: Company Snapshot
Table 115. Kyoto Fusioneering Ltd.: Service Segments
Table 116. Kyoto Fusioneering Ltd.: Product Portfolio
List of Figures
Figure 01. Fusion Energy Market, 2030-2040
Figure 02. Segmentation of Fusion Energy Market, 2030-2040
Figure 03. Top Investment Pockets in Fusion Energy Market (2030-2040)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Low Threat of New Entrants
Figure 08. Low Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalfusion Energy Market
Figure 10. Impact of Key Regulation: Fusion Energy Market
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Value Chain Analysis: Fusion Energy Market
Figure 14. Fusion Energy Market, by Technology, 2030(%)
Figure 15. Comparative Share Analysis of Fusion Energy Market for Inertial Confinement, by Country 2030-2040(%)
Figure 16. Comparative Share Analysis of Fusion Energy Market for Magnetic Confinement, by Country 2030-2040(%)
Figure 17. Fusion Energy Market, by Fuels, 2030(%)
Figure 18. Comparative Share Analysis of Fusion Energy Market for Deuterium Tritium, by Country 2030-2040(%)
Figure 19. Comparative Share Analysis of Fusion Energy Market for Deuterium, by Country 2030-2040(%)
Figure 20. Comparative Share Analysis of Fusion Energy Market for Deuterium Helium 3, by Country 2030-2040(%)
Figure 21. Comparative Share Analysis of Fusion Energy Market for Proton Boron, by Country 2030-2040(%)
Figure 22. Fusion Energy Market by Region, 2030
Figure 23. U.S. Fusion Energy Market, 2030-2040 ($Billion)
Figure 24. Canada Fusion Energy Market, 2030-2040 ($Billion)
Figure 25. Mexico Fusion Energy Market, 2030-2040 ($Billion)
Figure 26. Germany Fusion Energy Market, 2030-2040 ($Billion)
Figure 27. UK Fusion Energy Market, 2030-2040 ($Billion)
Figure 28. France Fusion Energy Market, 2030-2040 ($Billion)
Figure 29. Italy Fusion Energy Market, 2030-2040 ($Billion)
Figure 30. Spain Fusion Energy Market, 2030-2040 ($Billion)
Figure 31. Rest of Europe Fusion Energy Market, 2030-2040 ($Billion)
Figure 32. China Fusion Energy Market, 2030-2040 ($Billion)
Figure 33. Japan Fusion Energy Market, 2030-2040 ($Billion)
Figure 34. India Fusion Energy Market, 2030-2040 ($Billion)
Figure 35. South Korea Fusion Energy Market, 2030-2040 ($Billion)
Figure 36. Australia Fusion Energy Market, 2030-2040 ($Billion)
Figure 37. Rest of Asia-Pacific Fusion Energy Market, 2030-2040 ($Billion)
Figure 38. Brazil Fusion Energy Market, 2030-2040 ($Billion)
Figure 39. Saudi Arabia Fusion Energy Market, 2030-2040 ($Billion)
Figure 40. South Africa Fusion Energy Market, 2030-2040 ($Billion)
Figure 41. Rest of LAMEA Fusion Energy Market, 2030-2040 ($Billion)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap: Fusion Energy Market
Figure 48. Top Player Positioning, 2030
Figure 49. Lockheed Martin Corporation: Net Sales, 2019-2021 ($Million)
Figure 50. Lockheed Martin Corporation: Research & Development Expenditure, 2019-2021
Figure 51. Lockheed Martin Corporation: Revenue Share by Segment, 2021 (%)
Figure 52. Lockheed Martin Corporation: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Fusion Energy Market,' the fusion energy market is valued at $429.6 billion in 2030, and is estimated to reach $840.3 billion by 2040, growing at a CAGR of 7.1% from 2031 to 2040.The fusion energy market is highly believed to share the baseload for electricity by cutting down dependency on fossil fuels. Industry experts believe it to be a breakthrough technology that will be able to produce maximum power as output with minimum input. The fusion energy is generated through a tokamak reactor. The inertial confinement is achieved when fuel capsule is compressed to a very high density but only a small fraction of the fuel needs to be heated initially and ignition occurs when the fuel capsule starts to burn outward from a central hot spot. The fusion energy produced in one pulse must be larger than the energy required to heat the fuel to the ignition temperature. Crossfield Fusion Ltd., Ex-Fusion, First Light Fusion, and Focused Energy are a few players in the fusion energy industry that have an inertial approach towards producing fusion energy.
The investment cost for fusion energy systems is high and its potential demand is expected to attract new entrants. Currently, the market exhibits high growth potential. However, new entrants are discouraged to enter the market due to high legal barrier and strict rules and regulations but support and subsidies by governments to experiment for the same to achieve a net energy with lower or zero carbon emissions opens wide opportunities for the fusion energy market growth. The threat of new entrants is high in this market. There are so many direct substitutes for fusion energy sch as renewable energy, nuclear energy as these are the present available energy source and cleaner ones in the market. Due to the previously mentioned factors, the threat of substitutes to fusion energy is high
Availability of options leave more choices for buyers, thus, decreasing the switching cost. In addition, the purchase quantity of fusion energy will be high in volume, as the requirement for various end uses is high. Moreover, backward integration is low and is attributed to the fact that leading companies investing and researching fusion energy are relying on fundings and investments for production. Thus, the bargaining power of the buyers in the fusion energy market is low, as the suppliers and manufacturers hold the higher position in the market.
In magnetic confinement, the fuel is heated and forced to dissipate into ions. The ion cloud that is the plasma, is maintained in the same state. This is done through magnetic forces as plasma can be controlled through magnetics fields. The magnetic forces will keep the plasma in motion within the reactor chambers. Advances in experimentation, theory, modelling, and simulation have led to a deeper understanding of the behavior of plasmas, and experimental tokamak and stellarator devices will be helpful in proving the scientific and technical viability of fusion energy production. Commonwealth fusion systems, CT Fusion, Inc., Deutelio, ENN, Helical Fusion, and many other players are working on magnetic and inertial-magnetic approach for generating fusion power.
Deuterium tritium are isotopes of hydrogen. Any element that has lighter nuclei than iron can be used as fuel for fusion. However, it is not possible as very high amount of heat is required to make it possible. Hydrogen nuclei has lighter isotopes and still needs temperature in millions degree Celsius for fusion. When deuterium and tritium fuse, they create a helium nucleus, which has two protons and two neutrons. The reaction releases an energetic neutron. Fusion power plants would convert energy released from fusion reactions into electricity to power our homes, businesses, and other needs. When fusion power becomes a reality, just one gallon of seawater could produce as much energy as 300 gallons of gasoline. Thus, deuterium and tritium fuel are widely used for fusion energy production.
Proton boron (pB) fusion is clean and ecologically acceptable. In addition, it produces only charged particles with the potential advantage of allowing direct energy conversion, without a thermodynamic cycle. Thus, this might dramatically enhance the efficiency of electricity generation. However, the pB reaction requires unpractical temperatures to be thermodynamically triggered in the laboratory. Several recent experiments using laser-plasma approaches have shown very high yields in α-particle production, which paved way for pB fusion, which is nowadays considered in both experimental and theoretical physics. Recent experiments performed with high-energy short-pulse lasers produced high amount of energy and thus pB is recognized as highly potential fuel for fusion energy market
Fusion energy - produced by combining atoms to create heavier ones - has long been recognized to have great potential as a safe, abundant, zero-carbon source of reliable electricity. The North America region is ahead of other regions in the global fusion energy market. This is owed to early recognition, presence of technology, and investments in the industry. Moreover, largest deuterium extracting plant is based in Canada which also facilitates the growth of market in the region. The LAMEA region witnessed a very little technological or practical advancement in the fusion energy market. However, many economies are part of ITER program that is continuously working and experimenting in fusion reaction technology for generation sustainable and clean energy sources.
Companies Mentioned
- General Fusion
- Helion Energy Inc.
- Kyoto Fusioneering Ltd.
- Hyperjet Fusion Corporation
- HB11 Energy Holdings Pty Ltd
- Agni Fusion Energy
- First Light Fusion
- Zap Energy Inc.
- TAE Technologies, Inc.
- Tokamak Energy Ltd.
- Marvel Fusion
- Lockheed Martin Corporation
- Commonwealth Fusion Systems
- Renaissance Fusion
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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