The global industrial linear accelerator market is projected to achieve a value of US$ 2.98 billion in 2022, and this figure is anticipated to rise to US$ 5.49 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 6.3% during the forecast period. Notably, the market’s historic CAGR stood at 4.5% from 2016 to 2021.
Rising demand for industrial linear accelerators can be attributed to their pivotal role in non-destructive testing, which enables the evaluation of material properties without causing damage. The adoption of industrial linear accelerators spans various applications across both private and government sectors, a trend that is poised to continue during the forecast period.
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Diverse Applications Drive Industrial Linear Accelerator Market Growth
The industrial linear accelerator market finds applications across a wide range of sectors, including medical waste disposal, cargo inspection, food irradiation, agriculture, aerospace, gemology, castings inspection, rocket motors, and defense/missile systems. Notably, scanning devices are effectively employed for cargo and vehicle inspection, as the process doesn’t compromise the integrity of the material being examined while also saving valuable time and resources. This versatility positions industrial linear accelerators as essential tools in waste management, metal casting, mining, and the food and preservatives industry.
Noteworthy Innovations and Trends in the Industrial Linear Accelerator Market
Innovation continues to shape the industrial linear accelerator landscape. For instance, Marco Carlone, a prominent expert in the field, has introduced an online simulation tool tailored to assist medical physicists. This groundbreaking tool is expected to catalyze transformative changes within the industrial linear accelerator market. Furthermore, the increasing adoption of non-invasive treatment methods is anticipated to further propel the growth of the industrial linear accelerator market in the coming years.
“Given the extensive applications of industrial linear accelerators across both public and private sectors, the global industrial linear accelerator market is poised for remarkable growth in the coming years,” remarks an analyst at Future Market Insights.
Insights from the Industrial Linear Accelerator Market Study
- Europe accounts for approximately 28% of the market share, driven by the increasing volume of international trade activities.
- North America holds over 20% of the market share, attributed to a surge in industrial production within the United States.
- The Asia-Pacific region is expected to experience rapid growth in the industrial linear accelerator market, fueled by the proliferation of Industry 4.0 initiatives.
Some of the key players in the market are:
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Wasik Associates Inc.
- VIVIRAD S.A
- Iotron Industries Canada, Inc.
- IBA Group
- Jiangsu dashing accelerator manufacturer co., LTD
- DIONDO GMBH
- High Voltage Engineering Europa B.V. (HVE)
- NISSIN ELECTRIC Co., Ltd.
- Varian Medical Systems, Inc.
Recent Developments in the Industrial Linear Accelerator Market
- In 2019, Altair Technologies unveiled a new website catering to various industries, including medical, security, and defense, to enhance its online presence and engagement.
- In 2019, CGN Dahseng Company, Nondestructive Testing Company, and Thailand Advanced Sterilization Company entered into an agreement to promote the establishment of an Electron Accelerator Application Research Centre in Thailand, focusing on electron beam technology for various applications.
- In April 2021, Varian partnered with Icon Group to deliver 30 linear accelerators and associated treatment software to address the rising cancer cases, thereby contributing to cancer treatment efforts.
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Key Segments:
On the basis of End Use Industry:
- Automotive industry
- Metal casting industry
- Aerospace industry
- Missile/defence industry
- Food processing industry
- Medical Waste Disposal Services Industry
- Others
On the basis of the Varying Energy Ranges Industry:
- 2 MeV – 4 MeV
- 5 MeV – 7 MeV
- 8 MeV – 10 MeV
- 10 MeV – 12 MeV
- Others
On the basis of the Application:
- Industrial Radiography
- Cargo Screening
- Radiation Processing
- Polymer Modification
- Sterilization
- Food Preservation
- Waste Treatment
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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