Fixed Neutron Generators Market Size, Share, Growth, and Industry Analysis, By Type (Large Neutron Generator, Small and Medium Neutron Generators and Others), By Application (Research, Industrial and Others), Regional Insights, and Forecast To 2031

Fixed Neutron Generators Market Report Overview

• 

•  Request a Free Sample to learn more about this report

The global fixed neutron generators market size was USD 23 million in 2022, the market is projected to touch USD 63 million by 2031, exhibiting a CAGR of 12% during the forecast period.

The neutron is a subatomic particle that has the same mass as a proton and has no charge. Neutrons can be found in either stable or unstable atomic nuclei. Unstable neutrons decay to generate protons and elements with a different number of neutrons than their parent atom, which is why they are referred to as radioactive isotopes. Neutron generators are devices that generate neutron beams. These are utilised in scientific research, industrial applications, and research. A neutron is a non-charged subatomic particle with about the same mass as a proton but no electrical charge. Neutrons are produced by unstable atomic nuclei that decay to form protons and elements with a different number of neutrons than their parent atom. They are known as radioactive isotopes.

Fixed neutron generator systems have an internal power supply, such as hydrogen fuel cells, lithium-ion batteries, or fuel cells powered by a diesel engine. In industrial and commercial settings where portability is not necessary, fixed neutron generators are used.

COVID-19 Impact: The Pandemic Caused Underlying Malady Downgraded the Market Growth

The greatest significant global health catastrophe of the century is thought to be the COVID-19 epidemic. Many aspects of this crisis are unique, increasing the uncertainty surrounding the potential impact and recovery time each sector can expect—especially the machinery and equipment sectors are most heavily affected by changing consumer patterns and production lockdowns.

LATEST TRENDS

"Rising Development in the Security Industry to Attract Consumers and Boost Market Sales"

For nuclear non-proliferation and verification, the security sector uses neutron generators. In order to prevent anything from being smuggled aboard an aircraft, they can be used to determine whether an object has been altered or tampered with, such as the jet engines of airplanes. The detectors assist by allowing the generator to release neutrons via various items, detecting the intensity of the dispersed neutrons, and then determining whether anything has been put into the target object.

There is growing interest in fixed neutron generating systems appropriate for field use for applications generally known as active neutron interrogation (ANI) due to a requirement for security screening tools capable of detecting explosives and radioactive items.  To fulfil this demand, Thermo Electron Corporation created a variety of tiny accelerator neutron generator solutions specifically for ANI field work over the last two years.

Fixed Neutron Generators Market Segmentation

• 

•  Request a Free Sample to learn more about this report

• By Type

Based on type the fixed neutron generators market is classified as large neutron generator, small and medium neutron generators and others.

The type large neutron generator is the leading part of the type segment.

• By Application

Based on application the fixed neutron generators market is classified as research, industrial and others.

The part research is the leading type of the application segment.

DRIVING FACTORS

"The Applications in the Leading Segment Research to Decipher the Market Share"

In scientific study, the strength of materials is assessed using the neutron source. Using neutron sources, which release neutrons that are then detected using apparatus like bubble chambers or spark chambers, it is possible to assess the size, density, and shape of an object. Other applications include checking the depth of holes dug for oil and gas exploration, inspecting nuclear reactors, and performing quality control inspections for welding joints and other components. Quality assurance inspections are also performed in refineries for steel pipelines.

"The Oil Prospecting and Exploration by the Product to Inflate the Market Share"

Neutrons are increasingly being used for oil prospecting. This procedure uses a neutron generator to produce neutrons, which are then scattered by hydrogen atoms located underground, assisting in the discovery of crude oil deposits. Neutron generators are used to produce neutrons that have the power and energy necessary for the detection of hydrogen atoms. Due to its use in shale formation studies, reservoir management, wellbore operations, and directional drilling applications, stationary neutron generators are growing in popularity as a result of the needs of oil and gas exploration businesses.

RESTRAINING FACTORS

"The Complexity, Very Precise Handling to Pose Challenge in the Market Growth"

Because they are electrically powered, fixed neutron generators, when in good working order, may produce a large quantity of neutrons in a constant stream. Sadly, external environmental factors including power loss, vibration, and temperature changes have a significant impact on neutron generators. Additionally, the complexity of the system and quantity of parts raise the danger of failure and issues brought on by part deterioration.

The second factor that can have a declining impact on the fixed neutron generators market share is that neutron generators tend to require a lot more equipment than radioisotopes and tend to occupy a lot more area, which might make it challenging to fit them into confinement requirements in operations like mining and oil drilling. As generator tubes have a propensity to burn out rapidly and are expensive to replace (offsetting initial reduced prices), they also demand more maintenance over time. Neutron generators may provide less reliability than radioisotope neutron sources due to the possibility of malfunction brought on by shock and temperature variations.

Fixed Neutron Generators Market Regional Insights

• 

•  Request a Free Sample to learn more about this report

"North American Region to Lead with Increased Oil Prospecting and Security Applications"

The North American fixed neutron generators market share is expected to grow at an increasing CAGR in terms of value during the forecast period, driven by rising usage in oil prospecting and security-related uses across industries such as industrial manufacturing, automotive, aerospace & defense, energy exploration companies, and others. The market for neutron sources is likely to rise in terms of value during the forecast period, owing to rising demand from oil and gas exploration businesses across nations that use neutron generators for shale formation investigation applications. These factors are also propelling the region's fixed neutron generators market growth.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

LIST OF TOP FIXED NEUTRON GENERATORS COMPANIES

• Phoenix (Germany)
• Adelphi Technology (U.S.A)
• Thermo Fisher Scientific (U.S.A)
• VNIIA (Russia).

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.