Global Radiation Survey Meters Market 2017-2021

Overview of the global radiation survey meters market

According to Technavio’s market research report, the global radiation survey meters market will grow at a steady rate and post a CAGR of more than 5% during the forecast period. The increasing use of nuclear energy for electricity generation will drive the growth prospects for the global radiation survey meters market during the projected period. The market is witnessing a huge shift from natural gas or coal for the generation of energy towards the use of nuclear energy because the use of natural gas or coal produces a huge amount of carbon dioxide. Continuous energy production, high performance, and resisting the volatility in the prices of other fuels such as diesel and petrol are some of the benefits of using nuclear power plants for the generation of energy. Consequently, the demand for safety equipment like radiological survey meters to ensure the safety of people and environment will increase from various countries that highly depend on nuclear energy.

In terms of geographic regions, North America accounted for the maximum shares of the radiation survey meters market during 2016. The huge demand for radiation detectors and radiation meters from the homeland security and defense sectors will be a major factor fueling the demand for radiation survey meters in this region. According to this market research and analysis, this region will continue to dominate the radioactive detector market throughout the predicted period as well.

Competitive landscape and key vendors