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Scintillator Market worth $479.16 Million by 2020
GerryWood   8/18/2014 6:09:50 AM
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Scintillator is a material that identifies nuclear particles and radiation by reemitting the incident radiation in the form of light photons, which are further converted to electric signals by photomultiplier tubes. Initially, applications of these materials were limited to medical and visual counting purposes, but in the recent few years, scintillators have made a radical shift towards security, high energy physics, astrophysics, nuclear power plants, and scientific applications. Though, inorganic compounds are the most dominant materials leveraged for radiation detection in radiation monitoring and measurement devices, still many new compound scintillators have evolved due to the surge in research initiatives by the private and government sectors; such as cerium doped lanthanum halides, Europium doped strontium iodide, LSO, LYSO, and others. These continuous developments are driven by the emergence of new applications and due to the growing need of hand held and portable radiation detectors. Scintillators have a huge growth potential, especially, in markets that are characterized by low cost, and high resolution and performance in terms of the radiation monitoring equipment.

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Some of the major players in this market include: Canberra Industries Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Hitachi Metals Ltd. (Japan), Ludlum Measurements Inc. (U.S.), Mirion Technologies Inc. (U.S.), Radiation Monitoring Devices (U.S.), Saint Gobain (France), and Zecotek Photonics (Canada), among others.

Scope of the report
This research report categorizes the scintillator market on the basis of its various applications, material composition, end products, and geography; it also covers the revenue foretold from 2013 to 2020. It describes the demand of scintillators in various regions. The report describes the application mapping in the scintillators market with respect to the growth potential.

On the basis of the composition of materials
The composition of scintillator materials described in this report is segmented into organic and inorganic materials. The 'inorganic scintillators hold the future prospect of the market.

On the basis of the applications
Scintillators are used for various applications such as in the healthcare industry; for homeland security, defense, nuclear power plants; and industrial and research sectors.

On the basis of the end products
In this research report, the scintillator market is segregated into different end products such as pocket size, hand- held instruments, and fixed or installed systems.

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On the basis of the geographical regions

Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In accordance with this report, the Americas, currently, leads the scintillator market, and the APAC region is the fastest growing 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.

Report Details @

http://www.marketsandmarkets.com/Market-Reports/scintillator-market-214674977.html

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.

 

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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