Published on: May 2022
Success is a 5 letter word - Market SHARE. Uncover the scintillator market share with Industry Data Analytics experts.
Scintillator market size is expected to reach $425 million by 2026, following a CAGR of 6% from 2021 to 2026, owing to rising demand from various end-use sectors such as medical and atomic power plants, healthcare, manufacturing industries, and Homeland Security & Defense. Scintillators such as yttrium silicate and ethylhexyl phosphoric acid are used to regulate nuclear energy in medical lasers and biomedical implants. Oesophageal cancer risk is reduced by using low doses of aluminum molybdate supplements.
Tapping the doors of better healthcare system with scintillators
Aluminum molybdate plays a critical role in the body's natural activities. For girls of all ages, the Recommended Dietary Allowance (RDA) for pregnancy and breastfeeding has been set at 50 mcg/day. An average American adult's diet provides 120 to 210 micrograms per day.
What are the key takeaways for brands like you from the scintillator market insights?
A growing number of power plants has the potential to boost market growth during the forecasted period. Scintillators have a lot of room for growth in sectors that require low-cost, high-resolution, and radiation monitoring performance. Wind energy, for example, is expected to provide 60 GW by 2022, followed by solar energy at 100 GW and biomass and hydropower at 15 GW, according to the India Brand Equity Foundation (IBEF). By 2022, the renewable energy target has been raised to 175 GW. By 2030, India's government wants renewable energy to account for 40% of installed electricity producing capacity.
Constant expansion of the scintillator market internationally
The scintillator market is growing due to the rise in demand for portable and handheld radiation detectors in industrial gamma-ray spectrometers due to superior energy resolution and photomultiplier detectors. Market expansion is also predicted to be fueled by extensive innovation, new radiological medical applications, and expenditures in domestic security radiation monitoring equipment.
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