Advanced Carbon Dioxide (CO2) Sensors Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[207+ Pages Report] 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 report analyses the global advanced carbon dioxide (CO2) sensors market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the advanced carbon dioxide (CO2) sensors market.

Market Overview

Advanced carbon dioxide (CO2) sensors are next-generation sensors that measure CO2 concentrations in air, water, and plasma. They are used in terrariums, automobile exhausts, air quality measurement, and food spoilage detection systems because they can adjust to changes in temperature, humidity, and altitude. Significant growth in the automotive, healthcare, and petrochemical industries around the world is one of the key factors driving the market's positive outlook. Furthermore, the growing demand for industrial automation is propelling the market forward. Advanced CO2 sensors are used to monitor and control the levels of pollutants in the air in industrial, residential, and commercial complexes.

Growth Drivers

The rising awareness about the prevention of widespread contamination of water bodies and the atmosphere by toxic substances and fumes emitted by factories is also contributing to the increasing demand for these sensors. Other factors include the integration of wireless sensors with the Internet of Things (IoT) and the production of 3D printed sensors. These sensors are used in smart buildings to monitor indoor air quality and to enable smart city automation. Other factors, such as sensor miniaturization, extensive research and development (R&D), and the emerging trend of smart construction, particularly in developing economies, are expected to drive the market even further.

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.

COVID – 19 Impact

During and after the COVID-19 era, there has been a positive impact on market growth. The expansion of the global construction market is significantly driving the growth of the advanced carbon dioxide (CO2) sensors market; though factors such as the complexity of advanced CO2 sensor operations may impede the market growth. To learn more about the key market drivers and the impact of the COVID-19 pandemic on the advanced carbon dioxide (CO2) sensors industry. Various businesses are emphasizing organic growth strategies such as product launches, product approvals, and other items such as patents and events. Inorganic growth strategies observed in the market included acquisitions, partnerships, and collaborations. These activities have enabled market participants to grow their business and customer base. With rising demand in the global market, market players in the advanced carbon dioxide sensors market are expected to benefit from lucrative growth opportunities in the future.

The complete research study looks at both the qualitative and quantitative aspects of the Advanced Carbon Dioxide (CO2) Sensors market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

Segmentation Analysis

The global Advanced Carbon Dioxide (CO2) Sensors market is segregated based on the Product, Connectivity and End Use industry.

Based on the Product, the NDIR CO2 sensor is predicted to account for the biggest market share during the projection period because of its stability, extended life duration, high humidity, and dirt resistance. However, NDIR CO2 sensors have the disadvantage of being big and expensive. Changes in the system's infrared energy level, light scattering from particulars, and thermal drift are some of the NDIR CO2 sensors' measurement mistakes. Despite this, the commercial potential for this product stems from the fact that it is simple to use and has a straightforward structure.

Based on the end-use industry, building automation is expected to drive market growth due to an increase in automation, which has resulted in an increase in infrastructure. Because of the rise in the real estate industry, various indoor pollutants containing volatile organic compounds such as paints, chemical uses, and others have emerged. Though CO2 is not a pollutant, it has an effect on humans, causing them to become sluggish and sleepy. To address the aforementioned concern, advanced co2 sensors are used, which aid in air purification and proper ventilation. Furthermore, the use of advanced co2 sensors in the industrial sector to control pollution and measure co2 emissions will help to broaden the market's scope.

Report Scope

Regional Landscape

During the projection period, North America will account for the majority of market growth. In North America, the United States is one of the most important markets for advanced carbon dioxide (CO2) sensors. Over the forecast period, the expansion of the advanced carbon dioxide (CO2) sensors market in North America would be aided by the expanding applications of advanced CO2 sensors. Continuous growth in the global construction market is predicted to propel the global advanced carbon dioxide sensors market forward. Furthermore, the market is predicted to rise due to an increase in demand for sophisticated CO2 sensors, which are used underwater to measure and track carbon dioxide levels and other gases present in water bodies.

Competitive Landscape

The report contains qualitative and quantitative research on the global Advanced CO2 Sensor Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

List of Key Players in the Global Advanced Carbon Dioxide (CO2) Sensors Market:

• 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)

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

By Product Segment Analysis

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

By Connectivity Segment Analysis

• Wired CO2 Sensors
• Wireless CO2 Sensors

By End Use Industry Segment Analysis

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

By Regional Segment Analysis

• 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