The global scintillator market is expected to witness significant growth over the forecast period owing to huge R&D investments along with government funding for new scintillator discoveries. Scintillators are used across a wide range of application areas including, healthcare, nuclear power plants, homeland security & defense, and manufacturing industries, which is also expected to drive the scintillator market growth. Growing demand for new radiological medical applications and increasing investments for radiation monitoring in homeland security may also favorably impact the scintillator market growth.
Increasing demand for renewable energy sources such as solar, wind, and geothermal energy as a substitute for nuclear energy is expected to hinder market growth over the forecast period. However, technological advancements coupled with innovation are expected to propel market growth over the forecast period. The growth may also be attributed to development of high performance products at low-cost and rising need of radiation detection instruments across application markets. Additionally, depletion of Helium-3 for neutron detection in security operations paired with advancements in nuclear medicine and medical imaging are also expected to drive the global scintillator market growth. Furthermore, increasing number of power plants may also fuel market growth over the forecast period. Scintillators exhibit high growth potential in markets that are characterized by low-cost, high resolution, and performance in terms of the radiation monitoring equipment. This may be attributed to surging demand for handheld and portable radiation detectors.
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The market is poised for growth owing to growing demand for low-cost and high performance scintillators along with rising concerns for safety in wake of the Fukushima disaster. Growing demand for existing and new radiological medical applications coupled with investments in radiation monitoring equipment with respect to homeland security is further expected to drive market growth over the next few years. In addition, high degree of customization and high efficiency of these scintillators are also anticipated to be the major factors driving demand in this market. Asia Pacific is expected to emerge as a promising and fastest growing market for scintillators owing to favorable government policies, increased government R&D spending, high industrial growth, and the increasing number of upcoming nuclear reactors in this region. However, North America is anticipated to dominate the market owing to the growing security concerns and increasing nuclear threats.
Scintillators are segmented on the basis of composition of material into organic and inorganic where inorganic segment dominates the market as they are the most promising materials to be used in radiation detection devices. The market is highly fragmented with many small and large enterprise offering similar products. Companies emphasize and adopt strategies such as geographical expansion, innovation, and acquisition in order to establish a strong foothold in the global market. The key market participants include Saint Gobain, Radiation Monitoring Devices, Mirion Technologies Inc., Ludlum Measurements Inc., Hitachi Metals Ltd., Hamamatsu Photonics K.K., Canberra Industries Inc., and Zecotek Photonics.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
Increasing demand for renewable energy sources such as solar, wind, and geothermal energy as a substitute for nuclear energy is expected to hinder market growth over the forecast period. However, technological advancements coupled with innovation are expected to propel market growth over the forecast period. The growth may also be attributed to development of high performance products at low-cost and rising need of radiation detection instruments across application markets. Additionally, depletion of Helium-3 for neutron detection in security operations paired with advancements in nuclear medicine and medical imaging are also expected to drive the global scintillator market growth. Furthermore, increasing number of power plants may also fuel market growth over the forecast period. Scintillators exhibit high growth potential in markets that are characterized by low-cost, high resolution, and performance in terms of the radiation monitoring equipment. This may be attributed to surging demand for handheld and portable radiation detectors.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/scintillator-market
The market is poised for growth owing to growing demand for low-cost and high performance scintillators along with rising concerns for safety in wake of the Fukushima disaster. Growing demand for existing and new radiological medical applications coupled with investments in radiation monitoring equipment with respect to homeland security is further expected to drive market growth over the next few years. In addition, high degree of customization and high efficiency of these scintillators are also anticipated to be the major factors driving demand in this market. Asia Pacific is expected to emerge as a promising and fastest growing market for scintillators owing to favorable government policies, increased government R&D spending, high industrial growth, and the increasing number of upcoming nuclear reactors in this region. However, North America is anticipated to dominate the market owing to the growing security concerns and increasing nuclear threats.
Scintillators are segmented on the basis of composition of material into organic and inorganic where inorganic segment dominates the market as they are the most promising materials to be used in radiation detection devices. The market is highly fragmented with many small and large enterprise offering similar products. Companies emphasize and adopt strategies such as geographical expansion, innovation, and acquisition in order to establish a strong foothold in the global market. The key market participants include Saint Gobain, Radiation Monitoring Devices, Mirion Technologies Inc., Ludlum Measurements Inc., Hitachi Metals Ltd., Hamamatsu Photonics K.K., Canberra Industries Inc., and Zecotek Photonics.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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