$5.8 Billion 2013 Market to Grow Through 2020 at 6% CAGR
The need to decontaminate people, buildings and infrastructures after CBRN incidences will lead to an $8.3 billion market by 2020 for CBRN Decontamination equipment sales & maintenance. This need was demonstrated only too recently with the August 2013 Sarin chemical attack in the suburbs of Damascus resulting in at least 281 to 1,729 fatalities with over 90% of them civilians. With Syria relinquishing by March 2014 only 50% of Bashar Assad’s chemical weapons arsenal, nearly 700 tons still remain vulnerable to falling into the wrong hands.
In addition, following the accident at the Fukushima nuclear power plants and the BP oil spill in the Gulf of Mexico (total liability could amount to as much as US $100 Billion), new governmental legislation and funding of post CBRN attack and accidents are only two of the many factors driving the decontamination equipment and reagents market growth.
Our new market report is the most comprehensive analysis of the multibillion global decontamination incidents market published to date. Government-sponsored decontamination research and development will be directed at developing next generation decontamination techniques. As such, RDT&E projects receive considerable funding.
The report reveals 30 business opportunities induced by two main market drivers:
- Policy makers’ increased recognition of the growing threat presented by Hazmat accidents and CBRN terrorism.
- The environment conscious public would not tolerate slow & sloppy decontamination of Hazmat/CBRN events.
Meeting both of these challenges has sparked a host of new, pipeline technologies and opportunities that have the decontamination markets poised for considerable growth.
The report, segmented into 48 submarkets, offers for each submarket 2011-2013 market size data and assessments as well as 2014-2020 forecasts and analysis. In 288 pages, 178 tables and figures, the report analyzes and projects the 2014-2020 market and technologies from several perspectives, including:
- Market and technology forecast by modality: contamination detection systems; equipment, buildings and infrastructure decontamination systems and people decontamination equipment
- Regional and national markets: e.g., USA, Europe, China, Japan, Middle East
- Equipment sales and post warranty service & upgrade business
- Guidelines for decontamination equipment procurement
- Product comparison tables: hundreds of decontamination products including pricing and performance information
- Competitive environment: 93 vendors and their products
- Business environment: e.g., competitive analysis, SWOT analysis
- Current and pipeline decontamination technologies
- Business opportunities and challenges