Industry Analysis & Industry Trends
Chain reaction
During the recessionary years, demand for industry products declined as demand from downstream industrial production industries declined. Demand from government and medical sectors stayed strong, however, helping offset some of the declines. Although the industry has had to battle the fact that no new nuclear power plants have gone online since 1996, global demand for industry products surged ahead following the Japan Tsunami and subsequent meltdown of Japan's Fukushima nuclear power plant. In the coming years, the industry will continue aggressive growth due to heightened demand for industry products in response to the Fukushima reactor meltdown in 2011, helping push demand and growth rates back to historical levels.... purchase to read more
Industry Report - Starting a New Business Chapter
The industry poses moderate barriers to entry that include the challenges associated with securing commercial and government contracts, the high R&D costs required to compete effectively in a rapidly changing high-tech industry, and the significant advantages that more established, vertically integrated firms experience in terms of efficiencies and cost savings.
Competition in the markets for radiation measuring products is intense. Larger, more established firms are able to finance their own R&D, while new entrants will likely need to access a line of credit or tap investors to secure adequate R&D funding. Lar... purchase to read more