North America Radon Detectors Market
The US, Canada, and Mexico are the major economies considered in the report. Countries, including the US and Canada, that invest significantly in integration of advanced technology in several industries. This, in turn, is leading to a highly competitive market in the region. The residential radon exposure in the region varies by new environmental design, occupant behavior, and season. In North America, residential buildings are radon-tested with various approaches coupled to seasonal, and behavioral data with quality controls. The modern North American Prairie residential environment highlights worsening radon exposure. Radon comes from decomposing uranium in rocks. In the US, it is measured in picocuries per liter (pCi/L), and in Canada, it is measured in Becquerels per square meter (Bq/m3), and the average outdoor level is 5–15 Bq/m3 or 0.135–0.405 pCi/L.
Lung cancer is the sixth major cause of deaths and the leading cause of cancer deaths. Radon gas is the main cause of lung cancer in nonsmokers and the second leading cause in smokers. The US EPA stated that in the US, one out of every 15 homes had raised radon levels.
For millers, transporters, and uranium miners, who have certain health problems because of radon exposure, the US government has established the Radiation Exposure Compensation Program. In this program, the government provides a lump sum payment to people suffering from lung cancer and selected noncancerous lung diseases, if specific criteria are met. The Surgeon General, the US EPA, the American Lung Association, the American Medical Association, and the National Safety Council recommend testing homes for radon. Thus, high significance of testing radon gas is surging the deployment of radon detectors in the region across all residential and commercial buildings.
Major companies in the market are highly inclined to adopt market strategies to expand their business and gain more customers. New product development strategies help companies to stay competitive in the market. For instance, in December 2020, Ecosense, a US-based company, launched a radon monitoring solution—EcoQube. The solution uses the company’s patented ion chamber radon detection technology that offers radon measurement sensitivity. The product is equipped with Wi-Fi and it allows advanced Internet of Things (IoT) communications that provide precise, real-time, and affordable home radon monitoring solution. Factors mentioned above are propelling the growth of the radon detectors market in the region. Thus, the growth in the sector is expected to create a significant demand for North America Radon Detectors in the coming years, which is further anticipated to drive the North America Radon Detectors market.
Strategic insights for the North America Radon Detectors provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 225.49 Million |
| Market Size by 2027 | US$ 416.00 Million |
| Global CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Radon Detectors refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The radon detectors market in North America is expected to grow from US$ 225.49 Million in 2019 to US$ 416.00 Million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Increasing importance and awareness of indoor air quality with a large number of people spending most of their time indoors either in homes or in workplaces, the importance of indoor air quality has been growing at an impressive pace to ensure optimum living conditions and to avoid any health related ailments due to pollutants/harmful gases present indoors. Exposure to various indoor pollutants such as radon, mold, pressed wood products, secondhand smoke, and other such substances may lead to severe health issues, such as lung cancer and asthma among people. Owing to this, indoor air quality has become an important concern among individual customers and business owners. The deficient indoor air quality (IAQ) may negatively impacts the productivity, cognitive function, health, and well-being of the occupants in absence of regular testing, measurement, mitigation of these pollutants and harmful substances. Radon is one such radioactive gas that can accumulate in homes and commercial building to concentrated levels. Prolonged exposure to radon can substantially increase the risk of lung cancer. International Agency for Research on Cancer (IARC) has classified radon as a class-1 carcinogen. Radon detectors both consumer grade and professional grade offers a great solution for customers to measure and monitor radon levels in their homes and workplaces. The early detection of radon levels allows customers to take necessary steps to mitigate the radon levels and to avoid any harmful effects on their health. Thus, the increasing importance of better indoor air quality in homes and commercial places is driving the adoption of radon detectors among end-customers and boosting the overall market growth. This is bolstering the growth of the radon detectors market.
The market for radon detectors market is segmented into type, application, and country. Based on type, the market is segmented into long-term and short-term. In 2019, the long-term segment held the largest share North America radon detectors market. Based on application the radon detectors market is divided into residential, commercial, and others. Commercial is expected to the fastest growing segment over the forecast period.
A few major primary and secondary sources referred to for preparing this report on the radon detectors market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Some of the major companies listed in the report are Airthings, Bertin Instruments, BEK Brands, Inc, Durridge, Family Safety Products, Inc, PRO-LAB, Radiation Safety Services, Inc, Radonova, SunRADON LLC, and Quarta-Rad Inc.
The North America Radon Detectors Market is valued at US$ 225.49 Million in 2019, it is projected to reach US$ 416.00 Million by 2027.
As per our report North America Radon Detectors Market, the market size is valued at US$ 225.49 Million in 2019, projecting it to reach US$ 416.00 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The North America Radon Detectors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Radon Detectors Market report:
The North America Radon Detectors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Radon Detectors Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Radon Detectors Market value chain can benefit from the information contained in a comprehensive market report.
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