Request FREE sample PDF
Pharmacy benefit management market
ELECTRON BEAM (EB) ACCELERATORS MARKET REPORT OVERVIEW
The global electron beam (eb) accelerators market size was valued at USD 0.2 billion in 2023 and is projected to touch USD 0.25 billion by 2032, at a CAGR of 2.5% during the forecast period. Asia-Pacific holds leading position in electron beam (eb) accelerators market share in 2023.
Electron beams have emerged as potentially useful tools in both basic and applied sciences. Their enormous potential has also had a huge impact on industry. Beams of changing power and energy are widely used for material radiation processing, and they have completely transformed the area. Electron beams, for example, are progressively replacing traditional techniques of curing varnishes, adhesives, and paints. This not only increases the quality of the items significantly, but it also has a long-term influence. Similarly, electron beam processing greatly improves the thermal and mechanical properties of cables and sheets.
Another area where electron beams have had a significant impact is the sterilization of disposable medical goods. The use of electron beams for food preservation has changed the way people think about food storage. Electron beams are also monopolizing the skill of producing unique colors in jewels and stones. There is a considerable international market for these stones. These beams are capable of treating harmful microorganisms found in sewage and sludge. Electron beams will now be used to process organically contaminated soils on a large scale. The field is rapidly growing and expanding.
COVID-19 Impact: Supply Chain Disruption and Manufacturing Operations to Impede Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with electron beam accelerators experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the electron beam (EB) accelerators market growth and demand returning to pre-pandemic levels once the pandemic is over.
The introduction of COVID-19 has a positive impact on the growth of the Electron Beam (EB) Accelerator market. Because of the need to work from remote locations, large investments have been made in data center deployment. During the pandemic, other applications such as routers and switches, servers, experienced rapid expansion. The global effects of the coronavirus (COVID-19) are already being felt, and the electron beam (EB) accelerators market will be considerably impacted in 2020. Flight cancellations, travel bans, and quarantines; restaurants closed; all indoor and outdoor events restricted; over forty countries declared states of emergency; massive supply chain slowdown; stock market volatility; falling business confidence, growing panic among the population, and uncertainty have all been impacted by the COVID-19 outbreak.
LATEST TRENDS
"Technological Advancements to Foster Market Growth"
A particle accelerator known as an E-beam accelerator is a type of particle accelerator. It uses a technique called "electron cyclotron resonance," which uses radiofrequency electromagnetic fields to accelerate electrons to relativistic speeds. The electron beam produced by this device is utilized in sterilization, food preservation, medicinal treatment, and other applications. The E-beam accelerator can also be used for radiography. The E-beam accelerator market is expected to develop due to an increase in demand for e-beam technology across various sectors and geographies. In addition, the market is seeing an increase in R&D spending for the development of novel e-beam applications. In addition, the increased demand for quality control and inspection in numerous industries is fueling the market's expansion.
ELECTRON BEAM (EB) ACCELERATORS MARKET SEGMENTATION
- "By Type Analysis"
By type, the market is segmented into Low and Mid Energy, High Energy.
The high energy segment is predicted to increase its dominance in the electron beam (EB) accelerators market. The most powerful e-beam accelerators are high-energy e-beam accelerators. They produce a beam with a substantially higher energy level than low and mid-energy e-beam accelerators. High-energy e-beam accelerators are used in medical and food applications that require a high degree of precision. They can also be employed for scientific research and industrial applications. These factors are likely to boost the electron beam (EB) accelerators market growth.
- "By Application Analysis"
Based on applications, the market is classified into Medical, Food Industry, Industrial, Scientific Research.
The food industry is expected to hold the largest market share. The e-beam accelerator is used to sterilize and decontaminate products and equipment in the medical and food industries. It can also be used to improve the quality of food by killing harmful microorganisms. Furthermore, it aids in the extension of the shelf life of food products. In the medical and food industries, the e-beam accelerator is also employed for research.
DRIVING FACTORS
"Rising Application in Wastewater Treatment to Foster Market Growth"
For the removal of organic and microbiological contaminants, electron beam wastewater treatment is a particularly effective technology. The method was used to clean wastewater in the municipal and textile industries. The technology is suitable for a variety of end-users and can even be installed in tight locations due to the availability of electron accelerators with various operation parameters. In this scenario, the wastewater irradiation chamber design must consider the restricted space available for shielding construction, which must reduce X-ray output.
When designing an irradiation chamber for a water treatment facility, it's critical to consider not just how to create a stream for irradiation to accomplish the appropriate electron penetration, but also how to reduce x-ray emission. Modeling and experimental methods were used to test the X-ray field. The end result was an innovative solution that can be utilized in wastewater treatment, ballast, and other sorts of origin, while also offering a low-cost shield and effective radiation protection.
"Increasing Popularity in Medical Sector to Boost Market Growth"
Electron beam linear accelerators are devices that tailor high-energy x-rays or electrons to the shape of a tumor and eliminate cancer cells while sparing normal tissues, which is why they are one of the most used medical treatments for cancer. The global electron beam linear accelerator market is likely to be fueled by the rising prevalence of skin and breast cancer. Increased awareness of cancer through government initiatives and an increase in healthcare expenditure are two other significant factors driving market expansion. Within the market's forecast period, growing research and development, particularly in the electron beam linear accelerator, is expected to provide new attractive growth prospects. Trade restrictions and fluctuating demand may prove to be a challenge.
RESTRAINING FACTORS
"Fluctuating Demand to Impede Market Progress"
The challenges associated with low emittance beam production and electron cloud collective instabilities are projected to limit market expansion in emerging regions. The challenges with trade restrictions and fluctuating demand may prove to be a major stumbling block for market expansion.
ELECTRON BEAM (EB) ACCELERATORS MARKET REGIONAL INSIGHTS
"Increasing Demand from Automotive Sector to Propel Market Progress in Asia Pacific"
Asia Pacific is projected to dominate the electron beam (EB) accelerators market share. The aerospace industry's expanding demand for electron beam curable coating, its growing application in the automotive and electrical sectors in developing countries like China, India, and Japan, is likely to fuel demand in this region.
Europe is expected to hold the second-largest market share. Due to large-scale production of automobiles and the presence of aircraft manufacturers in the European region, the presence of major players serving all major electron beam machining applications such as welding, surface treatment, and drilling, Europe is the main supplier of electron beam machines to other regions, with growing demand for EB welding technology in the automotive and aerospace industries.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnership to Strengthen their Market Position"
The competitive scenario is a prospective study of the suppliers' varied business growth strategies. This section's news provides vital insights at various stages while keeping up with the business and engaging players in the economic debate. Merger & acquisition, agreement, collaboration, & partnership, new product launch & enhancement, investment & funding, and award, recognition, & expansion are the categories that the competitive scenario represents. All of the information gathered assists the vendor in identifying market gaps, rival strengths and weaknesses, allowing them to improve their product and service.
INDUSTRY DEVELOPMENT
The Resins & Functional Materials business (RFM) of the Dutch corporation Royal DSM was acquired by Covestro in April 2021.
LIST OF TOP ELECTRON BEAM (EB) ACCELERATORS COMPANIES
- IBA (India)
- Wasik (U.S.)
- Jiangsu Dasheng Electron Accelerator (China)
- IOTRON (Canada)
REPORT COVERAGE
Market analysis, market share, market sizing, and market segmentation are among the topics covered in the report. These market research reports provide insight into a variety of industry prospects and dangers, key trends that will influence market growth during the projection period. It contains data on the changing competitive landscape, as well as a detailed vendor profile and market analysis.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 0.2 Billion in 2023 |
Market Size Value By |
US$ 0.25 Billion by 2032 |
Growth Rate |
CAGR of 2.5% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Types
|
|
By Applications
|
Frequently Asked Questions
-
What value is the electron beam (EB) accelerators market expected to touch by 2032?
The global electron beam (eb) accelerators market size was valued at USD 0.2 billion in 2023 and is projected to touch USD 0.25 billion by 2032.
-
What CAGR is the electron beam (EB) accelerators market expected to exhibit by 2032?
The electron beam (EB) accelerators market is expected to exhibit a CAGR of 2.5% by 2032.
-
Which are the driving factors of the electron beam (EB) accelerators market?
Increasing popularity in the medical sector and rising application in the water waste treatment are the factors driving the electron beam (EB) accelerators market.
-
Which are the top companies operating in the electron beam (EB) accelerators market?
IBA, Wasik, Jiangsu Dasheng Electron Accelerator, IOTRON, are the top companies operating in the electron beam (EB) accelerators market.