Global Industry Analysts Predicts the World Optical Chemical Sensors Market to Reach $7.2 Billion by 2026

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Optical Chemical Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 9; Released: January 2022
Executive Pool: 17046
Companies: 49 - Players covered include ABB Ltd.; Alpha MOS France; Emerson Electric Company; General Electric Company; Halma PLC; Honeywell International, Inc.; Siemens AG; Teledyne Technologies Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Industrial, Medical, Environmental Monitoring, Defense & Homeland Security, Other End-Use Industries); Type (Infrared Sensors, Fiber Optic Sensors, Photoionization Sensors, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Optical Chemical Sensors Market to Reach $7.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Optical Chemical Sensors estimated at US$2.9 Billion, is projected to reach a revised size of US$7.2 Billion by 2026, growing at a CAGR of 16.4% over the analysis period. Infrared Sensors, one of the segments analyzed in the report, is projected to record a 16.2% CAGR and reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fiber Optic Sensors segment is readjusted to a revised 17% CAGR for the next 7-year period.

The U.S. Market is Estimated at $900.1 Million in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Optical Chemical Sensors market in the U.S. is estimated at US$900.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 21.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 14.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Photoionization Sensors Segment to Reach US$1.3 Billion by the year 2026
In the global Photoionization Sensors segment, USA, Canada, Japan, China and Europe will drive the 15.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$386.1 Million will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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