Source Measure Unit
Global Source Measure Units (SMU) Market to Reach $843.4 Million by 2027
In the changed post COVID-19 business landscape, the global market for Source Measure Units (SMU) estimated at US$627.6 Million in the year 2020, is projected to reach a revised size of US$843.4 Million by 2027, growing at aCAGR of 4.3% over the period 2020-2027. Benchtop, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$585 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Modular segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $172.5 Million, While China is Forecast to Grow at 7.4% CAGR
The Source Measure Units (SMU) market in the U.S. is estimated at US$172.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$169 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
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