Global Neutron Detectors Market to Reach $2.7 Billion by 2030
The global market for Neutron Detectors estimated at US$1.3 Billion in the year 2023, is expected to reach US$2.7 Billion by 2030, growing at a CAGR of 10.5% over the analysis period 2023-2030. Healthcare Application, one of the segments analyzed in the report, is expected to record a 12.1% CAGR and reach US$1.5 Billion by the end of the analysis period. Growth in the Industry & Manufacturing Application segment is estimated at 9.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $345.9 Million, While China is Forecast to Grow at 14.1% CAGR
The Neutron Detectors market in the U.S. is estimated at US$345.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$635.9 Million by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$412.8 Million by the year 2030.
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