Advanced CO2 sensors can adjust automatically to the change in humidity, temperature and altitude during the process of monitoring the presence and intensity of CO2 across different medium such as water and air. Increased emission of hazardous gases from various industrial sector is one of the most important factor anticipated to boost the demand of technologically advanced CO2 across the globe. Thus, in order to effectively measure and monitor the presence of CO2 in the atmosphere, CO2 sensors are increasingly used in air pollution measuring system. Increasing concern of various industrial sectors in respect of keeping a control on their CO2 emission is one of the most important factor anticipated to trigger the adoption rate of advanced CO2 sensor during the forecast period from 2017 to 2025. In addition, the rapid increase in the amount of industrial waste have resulted in the pollution of water bodies with contagious substances and toxic. The traditional CO2 sensors that are available in the market are not capable enough to track the composition of CO2 in the contaminated water. This in turn, leads to rising demand for advanced CO2 sensors that can be used underwater to measure and keep a track of the CO2 level and other gases present in the water body.
For the purpose of providing a detailed analysis of the market, the global CO2 sensor market has been segmented on the basis of product type and end user. On the basis of product type, advanced CO2 sensor market is segmented into non-dispersive infrared (NDIR) CO2 sensors and chemical CO2 sensors. The NDIR CO2 sensor is expected to account for the largest market share during the forecast period due to its stability, long life span, high humidity and dirt withstanding capability of infrared sensors. However, the disadvantage of NDIR CO2 sensors is that it is bulky and expensive. However, changes in the level of infrared energy in the system, light scattering from particulars and thermal drift are some of the measurement errors in the NDIR CO2 sensors. In spite of this, the market opportunities for this product lies in the fact that it is easy to use and is relatively simpler in structure.
Based on end user the advanced co2 sensors can be segmented into healthcare, automotive, petrochemical, building automation and domestic appliances, industrial and others. Building automation is expected to boost the growth of the market due to the increase in automation that have led to the increase in infrastructure. Due to the increase in the real estate industry, different indoor pollutants that comprises of volatile organic compound like paints, chemical uses and others that came forward. Though co2 is not a pollutant but it have an effect on human beings due to which they become sluggish and feel sleepy. Thus to overcome the above concern advanced co2 sensors is used that help in purifying the air and leads to proper ventilation. In addition the use of advanced co2 sensors in industrial sector to control pollution and measure co2 emission will help to widen the scope of the market.
The global advanced CO2 sensors market is further segmented based on geography into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Middle East and Africa is expected to dominate the market in the forecast period followed by North America and Asia Pacific. The increasing utilization of advanced co2 sensors in the smart buildings is expected to fuel the growth of the market.
The key vendors of advanced Co2 sensors market Amphenol Advanced Sensor (The U.S.), Digital Control Systems Inc. (The U.S.), Honeywell (The U.S.), Johnson Controls (The U.S.), General Electric (The U.S.), Pepperl+Fuchs GmbH (Germany), Sick AG (Germany), Hans Turck GmbH & Co. (Germany), Siemens (Germany), Balluff GmbH (Germany), Gas Sensing solutions (The U.K.) and many more. These players have adopted various strategies such as business expansion, new product launch, partnership and mergers to cater to the various need of advanced CO2 sensors.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.