The Radon Measurement Instrument Market refers to the industry that designs, manufactures, and distributes devices that measure levels of radon gas. Radon is a colorless, odorless, and tasteless radioactive gas that is formed naturally in the earth’s crust. Exposure to high levels of radon is a serious health concern, as it is a leading cause of lung cancer. Radon measurement instruments are used in homes, workplaces, and other environments to detect and monitor radon levels.
The Radon Measurement Instrument Market size was valued at $0.5 billion in 2020, and is expected to reach $1.1 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030
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Top Companies
ABB, Bertin Instruments, Durridge, FJ Specialty, Ludlum Measurements, Inc., Pylon Electronics, Rad Elec Inc., SARAD GmbH, SunRADON LLC, and Tracerlab GmbH.
The major driving factor of the radon measurement instrument is its installation in workplaces to detect radon levels and further plan measures to reduce it, if the levels are higher than recommended. In addition, radon causes lung cancer and excess exposure to radon is harmful to human health. Therefore, awareness about human health is another factor that drives the radon measurement instrument market globally.
However, high cost of installation of radon measurement instruments and the system that operates the instrument acts as restraint for the radon measurement instrument market. Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the radon measurement instrument market growth.
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However, this situation is expected to improve as governments have started relaxing norms around the world for resuming business activities.On the contrary, integration of IoT in the radon measurement instrument makes them operate more efficiently and is anticipated to open new avenues for the radon measurement instrument market during the forecast period.
The radon measurement instrument market is segmented into mechanism, measurement duration, application and region. By mechanism, the market is segregated into active and passive. On the basis of measurement duration, it is divided into long term and short term. The applications covered in the study include residential & commercial, research laboratories and industrial. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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