Global Xenon Gas Market to Reach 345.5 Million Liters by 2030
The global market for Xenon Gas estimated at 259.3 Million Liters in the year 2023, is expected to reach 345.5 Million Liters by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Packaged Xenon Gas, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach 158.9 Million Liters by the end of the analysis period. Growth in the On-Site Xenon Gas segment is estimated at 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at 69.2 Million Liters, While China is Forecast to Grow at 7.4% CAGR
The Xenon Gas market in the U.S. is estimated at 69.2 Million Liters in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 77.1 Million Liters by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 46.8 Million Liters by the year 2030.
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