Scintillators Market Gains Momentum during forecast period 2026

[Swati Singh]

Market Analysis: Global Scintillators Market

Scintillators market is growing at a substantial CAGR of 6.00% during the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the increasing number of nuclear power plants in Asian countries.

Global Scintillators Market By Type (Inorganic {Alkali Halides, Oxide Based Scintillators, Others} Organic { Single Crystal, Liquid Scintillators, Plastic Scintillators}), End Product (Personal or Pocket Size Instruments, Hand-held Instruments, Fixed, Installed, Automatic Instruments), Application (Healthcare Sector, Nuclear Power Plants, Manufacturing Industries, Others) Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

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Market Definition: Global Scintillators Market

Scintillators are materials capable of detecting incident particles such as neutrons electrons, and protons. These particles convert the energy into a number of visible an ultraviolet photon array or photons. The particles help to detection photomultipliers and photodiodes together with the help of efficient energy that determine the incident radiation time. The scintillators exhibit luminescence when excited by any ionized radiation

Market Drivers

·       Applications in the field of nuclear plants, medical imaging, manufacturing industries and national security are factors boosting this market growth

·       Healthcare industry rises the demand of the scintillators in analyzing the cardiovascular and neurological diseases

·       Rising funding for R&D along with the development of technologically enriched products also acts as a market driver

·       Increasing investment in the radiation monitoring along with the rising demand of radiological medical applications will also boost the market growth in the forecast period

Market Restraints

·       Increasing demand for renewable energy sources such as solar, geothermal and wind as a substitute for nuclear energy will restrict the market growth

·       Initial cost of implementation along with interference in the energy transfer process acts as a restricting factor for this market growth

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Competitive Analysis:

Global scintillators market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of scintillators market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Some of the major players operating global scintillators market are Dynasil Corporation, Mirion Technologies, Inc., Hamamatsu Photonics K.K., Hitachi Metals Ltd., Ludlum Measurements, Inc., Rexon Components ,Inc., Scintacor., Zecotek Photonics Inc., Detec Systems, Mirion Technologies, Inc., Radiation Monitoring Devices, Rexon Components ,Inc., Saint-Gobain among others.

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Key Developments in the Market:

In June 2019, Inrad Optics Launched scintinel fast neutron detectors. This will help in detecting fast neutron detection with immediate availability. This has advantage of high sensitivity to excellent discrimination between neutrons and gamma-ray radiation with neutrons. This helps the company to introduce new innovation in the market

In January 2018, John Caunt Scientific ltd. held a scintillation detectors event at partner Scionix. This event includes radiation sensing & measurement. This workshop will cover scintillation detector design and Optimisation along with new emerging scintillator technologies. This event will create brand awareness for the company

Research Methodology: Global Scintillators Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Reasons to Purchase this Report

·       Current and future of global scintillators market outlook in the developed and emerging markets

·       The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

·       Regions/Countries that are expected to witness the fastest growth rates during the forecast period

·       The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

·       All segmentation provided above in this report is represented at country level

·       All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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