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Research and Markets recently published a report on, "Carbon Dioxide Lasers: Global Strategic Business Report". According to the report, the global market for Carbon Dioxide Lasers reached USD 4.8 Billion in the year 2022, and is projected to reach a revised size of USD 6.3 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.
Industrial, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach USD 3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Communication segment is readjusted to a revised 3.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 6.2% CAGR
The Carbon Dioxide Lasers market in the U.S. is estimated at USD 1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of USD 1.3 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach USD 831.6 Million by the year 2030.
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Click here to read the research report titled, "Carbon Dioxide Lasers: Global Strategic Business Report".
