About Particle Accelerators
Particle accelerators are devices that produce a beam of charged particles that can be used for a variety of research purposes. Often, the beam of particles is made of protons or electrons, charged subatomic particles. Rarely the whole atoms of elements like gold or uranium are also used. Particle accelerators, accelerate particles to very high energies for a specific application. Basically, there are linear particle accelerators and circular particle accelerators. Linear accelerators propel particles in a straight line. Similarly, circular accelerators propel particles in a circular line. Particle accelerators used as a tool of discovery for new particles and nuclear physics. With the help of particle accelerators, researchers have achieved a huge understanding of fundamental particles and various physics laws.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Particle accelerators are used in a number of therapeutic applications and mainly in the treatment of cancer. A large chunk of revenue comes from government projects in this market which chooses the producer by bidding and signs long-term contracts. In this market, focusing on business-oriented particle accelerators and then targeting specialized high-tech particle accelerators is the best strategy. Location of business matters in this market as not all countries can afford or have an interest in particle accelerators. So, having a key geographical location is also an advantage in this market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric Medical Systems (United States), Mitsubishi Heavy Industries (Japan), Keller Technology Corporation (United States), Dielectric Sciences Inc. (United States), Niowave Inc. (United States), ACF-Metals (United States), AccSys Technology Inc. (United States), General Atomics (United States), Altair (United States) and Brookhaven Instruments Corp. are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Particle Accelerators market by Type (Linear Accelerators and Circular Accelerators), Application (High Energy Physics, Isotope Production and Nuclear Physics, Synchrotron Production, Radiation Sterilization and Others) and Region.
On the basis of geography, the market of Particle Accelerators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Energy, the sub-segment i.e. Low-energy will boost the Particle Accelerators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Healthcare will boost the Particle Accelerators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Electrostatic Particle Accelerators will boost the Particle Accelerators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Applications of Particle Accelerators in Medical Field and Growing Use of Cockcroft Walton Generator to Convert AC to High Energy DC
Market Growth Drivers:
Increasing Demand of Particle for Modification of Material Properties and Growing Demand of Particle Accelerators in The Manufacturing of Computer Chips
Challenges:
Extremely High Costs Of R&D in The Field of Particle Accelerators and High Expertise Needed to Operate and Manufacture Particle Accelerators
Restraints:
High Cost Associated with Particle Accelerators
Opportunities:
Increasing Investment in The Nuclear Physics Will Boost The Demand For Particle Accelerators and Rising Science Related Contribution Among Nations to Increase The Demand Of Particle Accelerators
Market Leaders and their expansionary development strategies
In March 2021, ARX Equity Partners, a private equity firm focused on the Central European region, has acquiredInstrumentation Technologies (“I-Tech”, www.i-tech.si). Founded in 1998 and headquartered in Solkan, Slovenia, I-Tech is the global market leader in the development and assembly of high-specification instrumentation for data acquisition and signal processing used in scientific particle accelerators. Also core to the I-Tech strategy is utilizing the company’s know-how and R&D capabilities to develop instrumentation for medical proton therapy applications as well as broader industrial markets.
In March 2021, The US department of energy’s Fermilab announced that it has shipped its final superconducting component for the new particle accelerator for the Linac coherent light source II at the Department of Energy’s SLAC National Accelerator Laboratory. The component which was delivered was a cryptomodule, the final one required for the LCLS-II project which is supposed to be the world’s brightest X-ray laser when complete. The project was going on since 2014.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Particle Accelerators Manufacturers, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.