The market for activation analysis is expanding primarily due to the increasing use of Fast Neutron Activation Analysis (FNAA) in explosives, propellants, and other polymers. When a sample is exposed to high energy (14 MeV) neutrons, quick gamma rays are immediately released from its nuclei. This process is known as fast neutron activation analysis (FNAA). The energy and half-life of the gamma ray observed can be used to identify the particular isotope of interest, and the concentration of the element can be found by measuring the intensity of the gamma ray at a certain time after the sample has been exposed to neutrons. The market expansion for activation analysis is primarily being driven by advantages associated with fast neutron activation analysis (FNAA).Nitrogen, chlorine, oxygen, and aluminium content in explosives and propellants are estimated using the fast neutron activation analysis (FNAA) method. Applications of Fast Neutron Activation Analysis (FNAA) in relation to Water & Bulk Liquids are anticipated to present profitable potential for the expansion of the activation analysis market. Applications of FNAA in terms of water have grown rapidly over the past few years and are likely to continue to do so.
Coherent Market Insights estimates that by the end of 2030, the global Activation Analysis Market is anticipated to generate more than US$ 273.7 million in sales, rising at a CAGR of 4.8% from 2022 to 2030.
Key Competitors in the Activation Analysis Industry:
1. Advance Research Instruments Co.
The company was started in 1970 and is based in Okhla, New Delhi. One of the first firms in the field, Advance Research Instruments Company produces, exports, and supplies a range of high-end products including tube temperature controllers, bomb calorimeters, laboratory polarimeters, laboratory refractometers, moisture analyzers, and many more.
2. AMETEK, Inc.
The company was founded in 1930 and is located in Berwyn, Pennsylvania, United States. AMETEK, Inc. is a multinational corporation that creates and manufactures electronic instruments and electromechanical devices. A new size in the IDEA Motor series of brushless DC motors, 57mm, was announced by AMETEK Haydon Kerk Pittman (HKP), a division of AMETEK Inc., in April 2022.
3. Elemental Analysis, Inc.
The business was started in 2000 and is based in United States. In the area of trace element identification, quantification, and speciation services, Elemental Analysis Incorporated is a pioneer and industry leader. The company's business activities include doing market research, commercial transactions, and opinion surveys.
4. Frontier Technology Corporation
The firm was founded in 1984 and is based in Xenia, Ohio. Information technology provider Frontier Technologies provides services for IT infrastructure, cloud computing, and cyber-security. The production of measuring and regulating devices is a part of the company's activity.
5. Thermo Fisher Scientific
The business was started in 1956 and has its headquarters in Waltham, Massachusetts, United States. Thermo Fisher Scientific, Inc. produces chemicals, consumables, and scientific equipment. The acquisition of PPD, Inc. by Thermo Fisher Scientific was announced in April 2021. Thermo Fisher Scientific said in January 2021 that it had purchased Henogen SA, a producer of viral vectors based in Belgium, from Groupe Novasep SAS for €725 million in cash.
6. Nucleonix Systems
The company was started in 1990 and is located in Hyderabad, Andhra Pradesh, India. The company's main business activities include designing, developing, producing, and supplying nuclear radiation measurement and allied instruments. Numerous market categories are served by Nucleonix Systems' product line.
7. Realtime Group Limited
The business was started in 2000 and is based in Plano, Texas, United States. Realtime is a company that works with businesses to design, build, and validate products in order to realise their ambitions. The business offers product design, development, and testing services for mission-critical, embedded control systems used in regulated sectors.
*Definition: A method for calculating the concentration of trace elements in a sample's main body using stable isotopes is called activation analysis (AA). It is based on nuclear reactions that are created in the sample by exposing it to ionising or non-ionizing radiation, which produce radionuclides particular to each element.
