The key factors propelling the growth of this Radiation Detection Market are growing security threats, growing prevalence of cancer worldwide, increasing safety awareness among people working in radiation-prone environments.
Northrook, IL -- (SBWIRE) -- 10/23/2019 -- The Radiation Detection Market was valued at USD 1.65 billion in 2016 and is projected to reach USD 2.26 billion by 2022, at a CAGR of 5.7% during the forecast period.
Will the rising focus on nuclear power in India create opportunities for players in the radiation detection, monitoring, and safety market?
India's Central Electricity Authority (CEA), in its Load Generation Balance Report, stated that the country would experience an energy shortage of 2.1% for the fiscal year 2015–2016. A continued shortage of power could be detrimental to India's progress in achieving its goal of 6.5% growth in real GDP from 2016 to 2017. To tackle the situation using nuclear energy, in March 2018, the government-owned National Nuclear Power Corporation (NPCIL) signed an agreement with the French power company EDF for the implementation of six EPR reactors at Jaitapur in Maharashtra (India). Similarly, in 2017, India and Russia signed an agreement to set up two nuclear power plants at Kudankulam in Tamil Nadu (India). All these developments are expected to boost the radiation detection, monitoring, and safety market in the country.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=987
Will the high cost of lead be a challenge for the manufacturing of radiation accessories?
Lead is the most important raw material required to manufacture radiation safety accessories such as gloves, aprons, and eyewear. However, it is also extensively used for other purposes, such as fire protection and manufacturing of lead storage batteries. Due to the increasing use of lead in other industries, manufacturers of radiation protection devices are expected to witness an increase in the cost of the material in the near future. Hence, the need for the development of novel raw materials is immense in the present radiation detection, monitoring, and safety market scenario.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=987
Browse Related Reports:
Medical Radiation Detection Market by Detection Type (Gas-Filled Detectors, Geiger Muller, Survey Meter, Solid-State), Products (Personal Dosimeters, OSL, Badges), Safety (Apron, Shields, Face Mask, Gloves), End User - Forecast to 2021
Inorganic Scintillators Market by Scintillation Material (NaI, CsI, LSO & LYSO), Type (Alkali Halides, Rare Earth Metals), & Application (Healthcare, Homeland Security & Defense, Nuclear Power Plants) - Analysis & Global Forecast to 2021
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com