Radiation Detection, Monitoring and Safety Market for Nuclear Power Plants is expected to reach $466.5 million by 2020 - New Report by MarketsandMarkets
(PRWEB) December 15, 2014 -- Global renaissance in the nuclear energy industry and its applications has led to an increase in the number of nuclear power plants. The incorporation of radioactive compounds in various consumer products has also increased significantly. Increased awareness of the effects of radiation, concern for professionals working in radiation-prone environments, rising demand for radiation safety products, and technological advancements is set to drive the growth of the radiation detection, monitoring and safety market in the nuclear energy industry and manufacturing industry.
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Browse market data tables and in-depth TOC of Radiation Detection, Monitoring & Safety Market for Nuclear Power Plants, Homeland Security & Defense, Manufacturing Industry (Geiger Counter, Scintillator, Dosimeter, Area Process, Survey Meter, Portal Monitors).
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This report studies the global radiation detection, monitoring and safety market for nuclear power plants, homeland security & defense and the manufacturing industry over the forecast period 2014-2020.
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The global radiation detection, monitoring and safety market is undergoing significant transformation with the changing landscape of nuclear power plants, homeland security and defense, and the manufacturing industry. The market for nuclear power plants, homeland security defense and the manufacturing industry were valued at $342.5 million, $152.3 million and $93.8 million, respectively, in the year 2014.
This market is primarily driven by gas-filled detectors and personal dosimeters. Among gas-filled detectors, Geiger Mueller counters are the largest market for the nuclear power plant and manufacturing industry, owing to their economical, portable, and durable nature. Scintillators dominated the gas-filled detectors market for the homeland security and defense industry due to their ability to detect extremely low levels of radiation, making them suitable for use in homeland security and defense.
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North America dominated the global radiation detection, monitoring and safety market for all the three industries. It will continue to lead in the years to come. The Asian region’s contribution to the market is expected to pick pace in the coming years, as robust growth in nuclear power generation is expected in China, South Korea, and India over the next six years. The key players in the market are Canberra Industries, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Landauer, Inc. (U.S.), Mirion Technologies, Inc. (U.S.), and Ametek, Inc. (U.S.)., among others.
The global radiation detection, monitoring and safety market for nuclear power plants was dominated by Canberra Industries, Inc., followed by Thermo Fisher Scientific, Inc., while the market for homeland security and defense is dominated by Thermo Fisher Scientific, Inc. and Mirion Technologies, Inc
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