Portland, OR, Sept. 23, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global radon measurement instrument market generated $569.7 million in 2020, and is projected to reach $1.17 billion by 2030, witnessing a CAGR of 7.5% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Installation of radon measurement instruments in workspaces and awareness toward living healthy lives drive the growth of the global radon measurement instrument market. However, high cost of new instrument and detection system of radon measurement instruments restrain the market to some extent. On the other hand, integration of the Internet of Things (IoT) presents new opportunities in the upcoming years.
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COVID-19 scenario:
- The outbreak of the COVID-19 pandemic has negatively impacted the global radon measurement instrument market, owing to disruption in the supply chain.
- The pandemic led to implementation of lockdown which gave way to temporary closure to almost all research & manufacturing units.
- Nevertheless, the market is recovering with the restoration of research and manufacturing facilities.
The report offers detailed segmentation of the global radon measurement instrument market based on mechanism, measurement duration, application, and region.
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Based on mechanism, the active segment held the highest market share in 2020, holding more than 90% of the total market share, and is expected to continue its leadership status during the forecast period. However, the passive segment is estimated to register the highest CAGR of 8.5% from 2021 to 2030.
Based on measurement duration, the long-term segment held the largest market share in 2020, holding more than four-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the short-term segment is projected to register the highest CAGR of 8.2% from 2021 to 2030.
Based on region, Europe contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 8.7% during the forecast period.
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Leading Players:
Leading players of the global radon measurement instrument market analyzed in the research include ABB, Bertin Instruments, Durridge, FJ Specialty, Ludlum Measurements, Inc., Pylon Electronics, Rad Elec Inc., SARAD GmbH, SunRADON LLC, and Tracerlab GmbH.
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