Global Radiation Detection in Industrial market will reach 1270 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/12

Radioactive radiations are an unseen threat to the human body. Exposure to radiation at a high level can lead to several dangerous health complications. Being invisible and odorless, radioactive materials can only be detected with special equipment to prevent direct exposure for those who work in a radioactive areas. The detection machines help to secure safety to them and all those who are around them. The radioactive materials are used in diverse industrial processes such as medical research and medical imaging, power production, and defense sector among others. The global threat of terrorist-operated nuclear weapons has intensified the need for reliable equipment that offers protection from radioactive radiations. Governments have become stricter about the adherence to safety regulations in industries engaged in processing radioactive materials.

The radiation detection instruments in industrial and scientific sector, are series of equipment used for radiation detecting, monitoring, and safeguarding. In the coming years, the increasing demand for radiation detection in industrial and scientific sectors is expected to drive the market. The global radiation detection in the industrial and scientific market was worth US$970 mn in 2018 and the report suggests that the market will reach US$1270 mn by 2025 at a robust CAGR of 3.9%.

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