Scintillator Market – Key Vendors, Industry Trend and Market Share By 2024

Scintillator Market

Global Scintillator Market: Overview

Scintillation is a property that is exhibited by scintillator when excited by the ionizing radiation. Scintillation is the property of luminescence that is nothing but the generation of light from a substance which is not resulted by heat. When the luminescent materials are struck by a particle that is incoming it absorbs its energy and scintillates. In some cases, the excited state is metastable hence conversion from the excited state to lower states takes time. The time utilized may range from few nanoseconds to hours that depends on the material. After the process is completed either of the two phenomena occurs delayed fluorescence or phosphorescence that depends on the type of transition.

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Global Scintillator Market: Segmentation

The global scintillator market is segmented globally on the basis of the composition of materials, applications, end products, and geographical regions. On the basis of the composition of the materials, the market is segregated into inorganic and organic materials. Based on the applications, the market is categorized into the healthcare industry, defense, industrial and research sectors, homeland security and nuclear power plants. On the basis of the end products, the scintillator market is classified into the pocket size, fixed or installed systems and hand-held instruments. Regionally, the scintillator market is diversified into North America, Asia-Pacific, Europe and Rest of the World.

Global Scintillator Market: Growth Factors

The global scintillator market is experiencing a significant growth owing to a lot of investments made in the research and development and also the funding provided by the government for the scintillator discoveries. The wide range of applications of the scintillator in areas such as nuclear power plants, manufacturing industries, healthcare and homeland security & defense are driving the scintillator market. Other factors that are acting favorable for the market growth include the new applications of the radiology in the medical sector and the huge investments that are made for the radiation monitoring in the homeland security. The market growth is also attributed to factors such as the increased performance of the products in the low cost and the increasing need of the radiation detection instruments. The increasing number of power plants is also fuelling the market growth. The rise in demand for the renewable energy sources such as the wind, solar and the geothermal energy may hamper the market growth as they act as a substitute to the nuclear energy.

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Global Scintillator Market: Regional Analysis

The region that is dominating the scintillator market is the North America. The factors that act favorable to this market growth is the homeland security measures in the country of US, the increased use of the radiation therapy for curing cancer and the presence of numerous nuclear power plants. The Asia-Pacific region is also expected to emerge as a promising and fast growing market. The factors that contribute to market growth are favorable government policies, high industrial growth, increased government R&D investments and upcoming nuclear reactors in the region.

Global Scintillator Market: Competitive Players

The key market players in the scintillator market include Saint Gobain, Mirion Technologies Inc., Hitachi Metals Ltd., Canberra Industries Inc., Radiation Monitoring Devices, Ludlum Measurements Inc., Hamamatsu Photonics K.K. and Zecotek Photonics.

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