Latin America Gas Sensor Market Size & Outlook, 2023-2030
The gas sensor market in Latin America is expected to reach a projected revenue of US$ 306.9 million by 2030. A compound annual growth rate of 8.4% is expected of Latin America gas sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$174.2
Forecast, 2030 (US$M)
$306.9
CAGR, 2024 - 2030
8.4%
Report Coverage
Latin America
Latin America gas sensor market, 2018-2030 (US$M)
Related Markets
Latin America gas sensor market highlights
- The Latin America gas sensor market generated a revenue of USD 174.2 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, carbon dioxide (co2) sensors was the largest revenue generating product in 2023.
- Nitrogen Oxide (NOx) Sensors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 174.2 million |
| Market revenue in 2030 | USD 306.9 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Carbon dioxide (co2) sensors |
| Fastest growing segment | Nitrogen Oxide (NOx) Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen (O2)/Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Nitrogen Oxide (NOx) Sensors, Methyl Mercaptan Sensor |
| Key market players worldwide | ABB Ltd, Nemoto & Co., Robert Bosch Engineering & Business Solutions, Siemens AG, Figaro, Teledyne Technologies Inc, City Technology Ltd., Dynament, GfG Instrumentation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global gas sensor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 283.9 million by 2030.
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Gas Sensor Market Scope
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Gas Sensor Market Companies
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Latin America gas sensor market size, by country, 2018-2030 (US$M)
Latin America Gas Sensor Market Outlook Share, 2023 & 2030 (US$M)
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