Hazardous Area Sensors: Global Strategic Business Report

Global Hazardous Area Sensors Market to Reach $18.8 Billion by 2030

The global market for Hazardous Area Sensors estimated at US$12.6 Billion in the year 2022, is projected to reach a revised size of US$18.8 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030. Gas Sensing, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$7.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pressure Sensing segment is readjusted to a revised 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 8.5% CAGR

The Hazardous Area Sensors market in the U.S. is estimated at US$3.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.6 Billion by the year 2030.

Select Competitors (Total 13 Featured) -

• ABB Group
• Eaton Corporation PLC
• Endress+Hauser AG
• Honeywell International, Inc.
• Mettler-Toledo International, Inc.
• NEO Monitors AS
• SICK AG
• Siemens AG
• Yokogawa Electric Corporation

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
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year