Global Advanced Carbon Dioxide (CO2) Sensors Market Share Is Likely To Reach At A CAGR Value Of Around 4.01% By 2028

14-Jul-2022 | Facts and Factors

According to Facts and Factors, the global Advanced Carbon Dioxide (CO2) Sensors market size was valued at USD 9.2 billion in 2021 and is predicted to increase at a CAGR of 4.01% to USD 12.04 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

The global market is being driven primarily by a greater emphasis on sustainable development. In line with this, rapid industrialization and rising CO2 emissions around the world have resulted in a significant increase in demand for advanced CO2 sensors. Aside from that, the increased wastewater discharge by various industries has boosted the adoption of these sensors to effectively measure and track CO2 levels and other gases present in water bodies. Furthermore, ongoing technological advancements, such as the introduction of 3D printed sensors, have fuelled the market growth. Other factors contributing to market growth include significant growth in the chemical and petrochemical industries, as well as the emerging trend of smart construction. One of the most important factors expected to drive the adoption rate of advanced CO2 sensors during the forecast period is the growing concern of various industrial sectors about maintaining control over their CO2 emissions.

Browse the full “Advanced Carbon Dioxide (CO2) Sensors Market Size, Share, Growth Analysis Report By Product (Non-Dispersive Infrared (NDIR) CO2 Sensors, Chemical CO2 Sensor), By Connectivity (Wired CO2 Sensors, Wireless CO2 Sensors), By End Use Industry (Healthcare, Automotive, Petrochemical, Building Automation, Consumer Electronics, Others), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/advanced-carbon-dioxide-co2-sensors-market

The rising demand for advanced CO2 sensors, which are used underwater to measure and track the CO2 level and other gases present in the water body, is a major driver boosting the growth of the advanced carbon dioxide sensors market. Furthermore, because building automation is the primary end-user segment for advanced CO2 sensors, the increased construction of high-rise projects is expected to increase demand for advanced CO2 sensors, thereby fuelling the market growth. One of the major factors expected to drive global demand for technologically advanced CO2 is the increased emission of hazardous gases from various industrial sectors. As a result, CO2 sensors are heavily used in air pollution measuring systems in order to effectively and efficiently measure and monitor the presence of CO2 in the atmosphere.

Segmental Overview

With its stability, extended life duration, high humidity, and dirt resistance, the NDIR CO2 sensor is predicted to account for the biggest market share during the projection period. NDIR CO2 sensors, on the other hand, have the disadvantage of being large and expensive. Some of the NDIR CO2 sensors' measurement errors include changes in the system's infrared energy level, light scattering from particulars, and thermal drift. Despite this, the product's economic potential stems from the fact that it is easy to use and has a simple construction.

Building automation is predicted to boost market expansion due to an increase in automation, which has resulted in an increase in infrastructure, according to the end-use industry. Various indoor pollutants comprising volatile organic compounds, such as paints, chemical uses, and others, have evolved as a result of the real estate industry's growth. Despite the fact that CO2 is not a pollutant, it has an effect on humans, making them drowsy and sleepy. Advanced co2 sensors, which aid in air purification and optimum ventilation, are employed to address the aforementioned concern. Furthermore, the industrial sector's usage of improved CO2 sensors to manage pollution and detect CO2 emissions will help to increase the market's reach.

Regional Overview

During the forecast period, North America will account for the majority of market growth. The United States is one of the most important markets in North America for advanced carbon dioxide (CO2) sensors. The increasing applications of advanced CO2 sensors will aid the growth of the advanced carbon dioxide (CO2) sensors market in North America during the forecast period. Continuous growth in the global construction market is expected to drive the growth of the global advanced carbon dioxide sensors market. Furthermore, the market is expected to grow due to an increase in demand for advanced Co2 sensors, which are used underwater to measure and track carbon dioxide levels and other gases present in water bodies.

Report Scope

Competitive Landscape

Some of the major companies operating in the global advanced carbon dioxide (CO2) sensors market are Amphenol Corporation, Asahi Kasei Corporation, Balluff GmbH, Gas Sensing Solutions Ltd., Honeywell International Inc., Johnson Controls International, Sick AG, Siemens Aktiengesellschaft, Vaisala Oyj, Veris Industries LLC (Schneider Electric)  and among others.

The global advanced carbon dioxide (CO2) sensors market is segmented as follows:

By Product

• Non-Dispersive Infrared (NDIR) CO2 Sensors
• Chemical CO2 Sensors

By Connectivity

• Wired CO2 Sensors
• Wireless CO2 Sensors

By End Use Industry

• Healthcare
• Automotive
• Petrochemical
• Building Automation
• Consumer Electronics
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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