Scintillator Market will be worth $479.16 Million by 2020
DALLAS, July 11, 2014 /PRNewswire/ –
According to a new market research report “Scintillator Market by Composition of
Material, Application (Healthcare, Homeland security, Industrial application, Nuclear
Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed,
and Installed Instruments) & Geography – Global Forecast and Analysis to 2013 – 2020″,
published by MarketsandMarkets, the Scintillator Market is expected to grow at a CAGR of
5.62% from 2014 to 2020, and reach $479.16 Million in 2020.
Browse more than 94 data Tables with 48 Figures spread through 332 Pages and in-depth
TOC on “Scintillator Market”.
The elements behind the rapid upsurge in the Scintillator Market are the innovative
and advanced technologies, government funding for increased R&D, wide need of radiation
detection instruments across application markets, and development of high performance
products at a low cost. In addition, depletion of Helium-3 for neutron detection in
security operations, advancements in medical imaging and nuclear medicine, and increasing
number of nuclear power plants is also believed to provide a further impetus to the growth
of the scintillator market.
Till 2013, the ‘Americas’ held the largest revenue share followed by Europe- in
scintillator materials, and related solutions. However, the APAC, with a CAGR of 9.56%,
will be close to Europe in terms of the Scintillator Market revenue by 2020. The foremost
factors accountable for the expansion of the Scintillator Market include improved
resolution and performance requirement while optimizing the cost, increasing awareness for
radiation safety measures, and demand for radiation safety devices. APAC is the fastest
growing and most promising market for scintillators due to the increasing number of
upcoming nuclear reactors, high industrial growth, supportive government policies, and
financial investment by the governments in R&D. The major companies operating in this
market are Saint Gobain (France), Ludlum Measurements (U.S.), Zecotek Photonics Inc.
(Canada), and Mirion Technologies (U.S.), among others.
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The Scintillator Market is broadly categorized into, composition of material,
applications, end products, and geography. All the major segments are further segmented
into sub segments. All the segments and sub segments are separately described in the
The market is expected to reach $479.16 Million by 2020, at an estimated CAGR of 5.62%
from 2014 to 2020. The major driving factors for the Scintillator Market are, demand for
low cost and high performance scintillators, concern for safety in wake of the Fukushima
disaster, growing demand for existing and new radiological medical applications, and
investments in radiation monitoring equipment with respect to homeland security. The
materials market includes the ‘Inorganic’ and ‘Organic’ scintillators. The Scintillator
Market finds its application in the healthcare, homeland security, industrial
applications, nuclear power industry, and scientific research sectors. The geography
market is categorized into Americas, Europe, APAC, and ROW.
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