The global advanced carbon dioxide (CO2) sensors market reached a value of US$ 512.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 814 Million by 2027, exhibiting a CAGR of 9.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Advanced carbon dioxide (CO2) sensors refer to next-generation sensors used for measuring the concentration of CO2 in air, water and plasma. Some of the commonly used sensors include electrochemical, photoionizing detectors (PID), catalytic, infrared, laser and holographic. They are used in terrariums and automobile exhausts and air quality measurement and food spoilage detection systems as they can automatically adjust in response to the changes in temperature, humidity and altitude. As a result, these sensors are widely used for maintaining indoor air quality and minimizing energy consumption and CO2 levels in closed spaces.
Significant growth in the automotive, healthcare and petrochemical industries across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for industrial automation is providing a thrust to the market growth. Advanced CO2 sensors are used in industrial, residential and commercial complexes to monitor and control the levels of pollutants present in the air. In line with this, the increasing awareness regarding the prevention of wide-scale contamination of water bodies and atmosphere with toxic substances and fumes released from factories, is also contributing to the rising demand for these sensors. Various technological advancements, such as the integration of wireless sensors with the Internet of Things (IoT) and the production of 3D printed sensors, are acting as other growth-inducing factors. These sensors are utilized in smart buildings to monitor indoor air quality and facilitate automation in smart cities. Other factors, such as the miniaturization of sensors, along with extensive research and development (R&D) activities and the emerging trend of smart construction, especially in developing economies, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced carbon dioxide (CO2) sensors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, connectivity and end use industry.
Breakup by Product:
- Non-Dispersive Infrared (NDIR) CO2 Sensors
- Chemical CO2 Sensors
Breakup by Connectivity:
- Wired CO2 Sensors
- Wireless CO2 Sensors
Breakup by End Use Industry:
- Building Automation
- Consumer Electronics
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Amphenol Corporation, Asahi Kasei Corporation, Balluff GmbH, Gas Sensing Solutions Ltd., Honeywell International Inc., Johnson Controls International, Sick AG, Siemens Aktiengesellschaft, Vaisala Oyj and Veris Industries LLC (Schneider Electric).
|Base Year of the Analysis
||Product, Connectivity, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amphenol Corporation, Asahi Kasei Corporation, Balluff GmbH, Gas Sensing Solutions Ltd., Honeywell International Inc., Johnson Controls International, Sick AG, Siemens Aktiengesellschaft, Vaisala Oyj and Veris Industries LLC (Schneider Electric)
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Key Questions Answered in This Report:
- How has the global advanced carbon dioxide (CO2) sensors market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global advanced carbon dioxide (CO2) sensors market?
- What are the key regional markets?
- What is the breakup of the based on the product?
- What is the breakup of the based on the connectivity?
- What is the breakup of the based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global advanced carbon dioxide (CO2) sensors market and who are the key players?
- What is the degree of competition in the industry?