Latin America Flame Detector Market Size & Outlook
Latin America flame detector market , 2018-2030 (US$M)
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Latin America flame detector market highlights
- The Latin America flame detector market generated a revenue of USD 12.0 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, ultraviolet (uv) flame detectors was the largest revenue generating technology in 2023.
- Ultraviolet/Infrared (UV/IR) Flame Detectors is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 12.0 million |
| Market revenue in 2030 | USD 20.4 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Ultraviolet (uv) flame detectors |
| Fastest growing segment | Ultraviolet/Infrared (UV/IR) Flame Detectors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultraviolet (UV) Flame Detectors, Infrared (IR) Flame Detectors, Ultraviolet/Infrared (UV/IR) Flame Detectors, Multi-Spectrum Infrared (MSIR) Flame Detectors, Visual Flame Imaging Flame Detectors |
| Key market players worldwide | Honeywell International Inc, Draegerwerk AG & Co KGaA, Siemens AG, REZONTECH, Teledyne Gas and Flame Detection, MSA Safety Inc, Det-tronics, Johnson Controls International PLC, Emerson Electric Co |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.9% of the global flame detector market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 136.9 million by 2030.
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Flame Detector Market Scope
Flame Detector Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America flame detector market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flame detector market will help companies and investors design strategic landscapes.
Ultraviolet (uv) flame detectors was the largest segment with a revenue share of 41.67% in 2023. Horizon Databook has segmented the Latin America flame detector market based on ultraviolet (uv) flame detectors, infrared (ir) flame detectors, ultraviolet/infrared (uv/ir) flame detectors, multi-spectrum infrared (msir) flame detectors, visual flame imaging flame detectors covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of flame detector market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America flame detector market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America flame detector market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America flame detector market report size, by country, 2018-2030 (US$M)
Latin America Flame Detector Market Share, 2023 & 2030 (US$M)
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