Global Chemical Sensors Market to Reach $47.7 Billion by 2030
The global market for Chemical Sensors estimated at US$24.3 Billion in the year 2022, is projected to reach a revised size of US$47.7 Billion by 2030, growing at a CAGR of 8.8% over the analysis period 2022-2030. Optical, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$19.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrochemical segment is readjusted to a revised 8.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 13.8% CAGR
The Chemical Sensors market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.5 Billion by the year 2030 trailing a CAGR of 13.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.Select Competitors (Total 42 Featured) -
- Denso Corporation
- Emerson Electric Company
- F. Hoffmann-La Roche AG
- Honeywell Sensing and Control
- Siemens AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Denso Corporation
- Emerson Electric Company
- F. Hoffmann-La Roche Ag
- Honeywell Sensing and Control
- Siemens Ag
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 182 |
Published | April 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 21.6 Billion |
Forecasted Market Value ( USD | $ 36.7 Billion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |