CO2 Sensors Market Product, Application, End-User Industry, and Geography - Global Forecast to 2025
28 November 2018 - Global CO2
Sensors Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. A CO2 sensor is also termed as carbon dioxide sensor. A CO2 sensor
is a device that detects the presence of carbon dioxide in an area such as the
quality of indoor air and is perfect for commercial and industrial
applications. If the level of CO2 is high then it begins to act as an
asphyxiant. The factors that are playing a major role in the growth of CO2
Sensors Market are the high demand for submersible CO2 sensors and government
initiative. Moreover, location-specific advanced CO2 sensors is another factor
driving the overall market. CO2 Sensors Market is segmented based on product
types, range, applications, and region. Product types such as NDIR CO2 Sensors
(Non-Dispersive Infrared CO2 Sensor) and Chemical CO2 Sensors classify the
market.
NDIR
CO2 Sensors are further sub-segmented into single beam dual wavelength sensor,
single beam single wavelength sensor, and dual beam dual wavelength sensor.
NDIR CO2 sensors segment accounts for the largest market share of CO2 Sensors
Market and is estimated to remain dominant in years to come. The reason being,
stability and durability over chemical CO2 sensors, long stability, lifespan,
and high humidity, and dirt-withstanding nature of IR sensors. Moreover,
immunity to other gases and humidity, and low power consumption will are the
other factors that will drive the overall segment in the years to come.
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Range
types such as 0-2000 ppm (parts per million), 0-5000 ppm, and 0-10000 ppm
classify CO2 Sensors Market. Applications into Building Automation and Domestic
Appliance, Medical, Automotive, Petrochemical, and others industry. CO2 Sensors
Industry is segmented geographically into Americas (North America, South
America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America,
Middle East and Africa. Globally, Europe and the Middle East and Africa
accounts for the largest market share of CO2 Sensors Market and is estimated
lead the overall market in the upcoming years. The reason being, rising use of
CO2 sensors for smart buildings and key manufacturers are investing in R&D
sectors. Germany is the major consumer of the industry in the European region,
as increased in the spending on renovating homes and building.
Americas
and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to
grow at fastest pace in the upcoming years. The rise in construction activities
will boost the CO2 Sensors Market in the upcoming years. The key players of
market are Digital Control Systems Inc., Siemens AG, GE Measurement and Control
Solutions, Amphenol Corporation, Gas Sensing Solutions, Honeywell, Trane,
Johnson Controls, SICK AG, E + E ELEKTRONIK, Sense Air, and Vaisala. These
players are concentrating on inorganic growth to sustain themselves amongst
fierce competition. As such, mergers, acquisitions, and joint ventures are the
need of the hour.
Market Segment:
The major manufacturers covered in this
report
•
Siemens AG
•
Amphenol Corporation
•
Honeywell
•
Johnson Controls
•
E + E ELEKTRONIK
•
Vaisala
•
SenseAir
•
SICK AG
•
Trane
•
Gas Sensing Solutions
•
GE Measurement and Control Solutions
•
Digital Control Systems Inc
Geographically, this report studies the
top producers and consumers, focuses on product capacity, production, value,
consumption, market share and growth opportunity in these key regions, covering
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
Taiwan
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