Report Sellers has added a new market research report “Scintillator Market- Forecasts from 2017-2022”
to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to this report, Global Scintillator market is projected to expand at a CAGR of 4.94% to reach a total market size of US$647.292 million by 2022, from US$508.633 million in 2017.
The scintillator is a luminescent material which absorbs energy from the incoming particle such as an electron, alpha particles or high energy photons and converts it into a large number of visible photons. The scintillator is used as a safety measure as it helps in detecting harmful industrial radiations. Advancement in medical technologies has led to an increasing adoption of radiological solutions, thereby boosting the scintillator market growth. Increasing investments towards radiation monitoring in homeland security will also positively impact the market growth. However, increasing demand for renewable energy will impede the market growth over the forecast period.
Browse through the complete description and in-depth TOC on “Global Scintillator Market”https://www.reportsellers.com/market-research-report/Scintillator-Market---Forecasts-from-2017-to-2022
By End-User Industry
Global scintillator market is segmented by end-user industry into healthcare, energy and power, manufacturing, and defense. Defense sector is projected to grow at the highest CAGR during the forecast period due to increasing threat of terrorist attacks, rising security and defense expenditure, and favourable government initiatives towards improving homeland security.
Geographically, North America will dominate the global scintillator market over the forecast period due to rising use of radiation therapy to cure cancer, increasing number of nuclear power plants in the U.S., and growing homeland security concerns in the region. APAC region is projected to witness the fastest regional market growth during the forecast period with China as the major market and the largest manufacturer of scintillator in the region.
Prominent key market players in Scintillator market include Saint-Gobain, RMD, Hitachi, Hamamatsu Photonics, Siemens, and Mirion Technologies among others. The global Scintillator market is highly fragmented owing to the presence of several local and regional vendors. The leading vendors are engaged in M&A and integrated offerings at cost-effective prices which raise the market competition.
Scintillator market is segmented by material type, end product, end-user industry, and geography as below:
By Material Type
By End Product
Fixed or Installed Systems
By End-User Industry
Energy and Power
Europe Middle East and Africa
Middle East and Africa
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