Global Optical Chemical Sensors Market to Reach $9.4 Billion by 2030
The global market for Optical Chemical Sensors estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$9.4 Billion by 2030, growing at a CAGR of 16.1% over the analysis period 2022-2030. Fiber Optic Sensors, one of the segments analyzed in the report, is projected to record 17.1% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Infrared Sensors segment is readjusted to a revised 15.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $768.7 Million, While China is Forecast to Grow at 21.2% CAGR
The Optical Chemical Sensors market in the U.S. is estimated at US$768.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 21.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 13.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.Select Competitors (Total 49 Featured) -
- ABB Ltd.
- Alpha MOS France
- Emerson Electric Company
- General Electric Company
- Halma PLC
- Honeywell International, Inc.
- Siemens AG
- Teledyne Technologies Inc.
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:
- ABB Ltd.
- Alpha MOS France
- Emerson Electric Company
- General Electric Company
- Halma PLC
- Honeywell International, Inc.
- Siemens AG
- Teledyne Technologies Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 227 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.9 Billion |
Forecasted Market Value ( USD | $ 9.4 Billion |
Compound Annual Growth Rate | 15.8% |
Regions Covered | Global |