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

Description

List of Tables

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:

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:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Technology, Fuels, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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

LIST OF TABLES

TABLE 1. Global Fusion Energy Market, report scope
TABLE 2. Global Fusion Energy Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Fusion Energy Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4. Global Fusion Energy Market estimates & forecasts by Fuels 2020-2030 (USD Billion)
TABLE 5. Global Fusion Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Fusion Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Fusion Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Fusion Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Fusion Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Fusion Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Fusion Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Fusion Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Fusion Energy Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Fusion Energy Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Fusion Energy Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Fusion Energy Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Fusion Energy Market
TABLE 70. List of primary sources, used in the study of global Fusion Energy Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Fusion Energy Market, research methodology
FIG 2. Global Fusion Energy Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Fusion Energy Market, key trends 2022
FIG 5. Global Fusion Energy Market, growth prospects 2023-2030
FIG 6. Global Fusion Energy Market, porters 5 force model
FIG 7. Global Fusion Energy Market, pest analysis
FIG 8. Global Fusion Energy Market, value chain analysis
FIG 9. Global Fusion Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Fusion Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Fusion Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Fusion Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Fusion Energy Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Fusion Energy Market, regional snapshot 2020 & 2030
FIG 15. North America Fusion Energy Market 2020 & 2030 (USD Billion)
FIG 16. Europe Fusion Energy Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Fusion Energy Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Fusion Energy Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Fusion Energy Market 2020 & 2030 (USD Billion)