LONDON--(BUSINESS WIRE)--The global radioactive materials logistics market is expected to post a CAGR of close to 6% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the anticipated growth in the number of nuclear power plants. Many power plants such as the nuclear power plants heat water to produce electricity. These power plants use the steam generated from heated water to spin the turbines to generate electricity. The increasing demand for clean energy has been promoting the demand for nuclear power plants.
This market research report on the global radioactive materials logistics market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rising popularity of blockchain in the logistics industry as one of the key emerging trends in the global radioactive materials logistics market:
Global radioactive materials logistics market: Rising popularity of blockchain in the logistics industry
A blockchain is a chain of protected records. It is a sequential series of information that holds a record of events that cannot be altered or deleted. Multiple users can access or add to the chain. However, users cannot change or delete the information that is already present. The use of blockchain removes the necessity for the central authority to maintain records.
“There are many advantages of using blockchain, including increased security, reduction of fraud, automated data flow, improved traceability and trackability, reduction in paperwork, and increased transparency. The logistics industry is adopting the use of the blockchain in the supply chain,” says a senior analyst at Technavio for research on logistics.
Global radioactive materials logistics market: Segmentation analysis
This market research report segments the global radioactive materials logistics market by end-user (healthcare, industrial, and agriculture) and geography (APAC, EMEA, and the Americas).
The healthcare segment held the largest market share in 2017, accounting for nearly 43% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with more than 37% of the market share, followed by EMEA and APAC respectively. The Americas is expected to remain the dominant region in the market through 2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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