Global Radon Detectors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Radon Detectors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A radon detector is a device used to detect the presence and amount of radon gas. The detector is designed to test the air inside a building and provide a readout of radon levels.

Radon is a radioactive gas that is released from the decay of uranium in rock, soil and water. It is invisible, tasteless and odorless. It is found in varying concentrations all over the world. Some places have higher levels of radon than others, which makes a radon detector a smart safety precaution for everyone.

Market Overview:

The latest research study on the global Radon Detectors market finds that the global Radon Detectors market reached a value of USD 175.22 million in 2022. It’s expected that the market will achieve USD 257.25 million by 2028, exhibiting a CAGR of 6.61% during the forecast period.

Influence of COVID-19 Outbreak on Radon Detectors Industry Development

COVID-19 disease is spreading all over the world. infecting millions of people around the world, and major countries around the world have imposed embargoes and stop-work orders. With the exception of the medical supplies and life support products industries, most industries have been significantly affected, as has the radon detector industry.

Over the past year, the market has witnessed a decline in company sales and marketing activities, cancelled product launches, temporary business shutdowns and disruptions to supply chain and manufacturing activities. A considerable number of companies are still struggling due to manufacturing delays, which are mainly due to restrictions on raw materials and on-site labor. For some radon detectors manufacturers, due to social distancing measures and supply chain delays, the crisis has slowed down product delivery and has had a certain impact on revenue.

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Market Drivers

Increasing Importance and Awareness of Indoor Air Quality A large number of people spend most of their time indoors either in homes or in workplaces. therefore, the importance of indoor air quality is growing at an impressive pace to ensure optimum living conditions and avoid any health-related ailments due to pollutants/harmful gases present indoors. Exposure to various indoor pollutants such as radon, mold, pressed wood products, and secondhand smoke may lead to severe health conditions, such as lung cancer and asthma among people. Thus, indoor air quality has become an important concern among individual customers and business owners. The deficient indoor air quality (IAQ) negatively impacts the productivity, cognitive function, health, and well-being of the occupants in absence of regular testing, measurement, and mitigation of these pollutants and harmful substances. Radon is one such radioactive gas that can accumulate in homes and commercial buildings to concentrated levels. Prolonged exposure to radon can substantially increase the risk of lung cancer. International Agency for Research on Cancer (IARC) has classified radon as a class-1 carcinogen.

Radon detectors—both consumer grade and professional grade—offers a great solution for customers to measure and monitor radon levels in their homes and workplaces. The early detection of radon levels allows customers to take necessary steps to mitigate the radon levels and to avoid any harmful effects on their health. Thus, the increasing importance of better indoor air quality in homes and commercial places is driving the adoption of radon detectors among end-customers and boosting the overall market growth.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Airthings is one of the major players operating in the Radon Detectors market, holding a share of 16.59% in 2022.

Airthings operates as a technology company. The Company offers radon and indoor air quality monitors to monitor the contaminants in home and reduce the risk of exposure, as well as to optimize ventilation and building maintenance for energy savings. Airthings serves customers worldwide.

Evotech optimizes building performance and achieves higher levels of energy efficiency by leveraging real-time data from Airthings IAQ sensors. In May 2021, Airthings sensors reported an unusually warm 29C reading at Whitehall 1. As a result, engineers deployed immediately and found a pressure problem in the chilled water system, which they were able to correct immediately to bring the air temperature back to normal levels. Similarly, Airthings sensors reported high temperatures on several floors of the building in June 2021, and Evotech's engineering team was immediately dispatched to investigate and determine a small refrigerant leak in one of the cooler loops.

Pylon Electronics, a Canadian company, was incorporated in 1955 and is a wholly owned subsidiary of Turan of Toronto Ontario. Pylon Electronics has shown consistent and financially stable growth for over 60 years. Pylon is comprised of two business divisions: calibration and repair services, and instrument manufacturing.

Radon Environmental Management Corp. (REM) Pylon Electronics and Wescan (a Pylon Company) announced a new partnership to provide laboratory services to test radon in water across Canada. Radon is soluble in groundwater and can be found in high concentrations in areas where the geologic radon potential is known to be elevated. When the well water enters the home, the radon will off-gas through aeration when showers, faucets and toilets are run.

Segmentation Overview:

Among different product types, Radon Monitors segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Home segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Radon Detectors market covered in Chapter 3:

FTLab
Quarta-Rad Inc
RSSI
Bertin Instruments (CNIM Group)
SunRADON LLCHome
EcosenseOther
SARAD GmbH
Rad Elec Inc.
Family Safety Products, Inc;
Spruce Environmental Technologies, Inc.
PRO-LAB(R), Inc.Application
Polltech Instruments
AirthingsRadon Test Kits
DURRIDGE
Radonova, Inc.
Pylon Electronics-RadonRadon Monitors
First AlertCommercial

In Chapter 4 and Chapter 14.2, on the basis of types, the Radon Detectors market from 2018 to 2029 is primarily split into:

AirthingsRadon Test Kits
Pylon Electronics-RadonRadon Monitors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Radon Detectors market from 2018 to 2029 covers:

Home
Commercial
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)