According to IMARC Group’s latest report, titled “Advanced Carbon Dioxide (CO2) Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 512.3 Million in 2021. Advanced carbon dioxide (CO2) sensors are widely used to monitor the intensity of CO2 present in the air, water and plasma. These advanced sensors can automatically adjust to the change in humidity, temperature, and altitude. Since measuring carbon dioxide is vital to improving indoor air quality, these sensors are increasingly deployed across numerous spaces. Some of the commonly utilized sensors include photoacoustic, chemical CO2, and nondispersive infrared (NDIR) CO2 sensors.
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The global market is primarily driven by an enhanced focus on sustainable development. In line with this, rapid industrialization and the rising CO2 emission across the globe have led to a considerable rise in the demand for advanced CO2 sensors. Apart from this, the increasing wastewater discharge by numerous industries has provided a boost to the uptake of these sensors to effectively measure and keep track of the CO2 levels and other gases present in water bodies. Moreover, continual technological advancements, such as the introduction of 3D printed sensors, have also provided an impetus to the market growth. Other factors, including significant growth in the chemical and petrochemical industry and the emerging trend of smart construction, are further contributing to the market growth. Looking forward, IMARC Group expects the global advanced carbon dioxide (CO2) sensors market to reach US$ 814 Million by 2027, exhibiting a CAGR of 9.4% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- 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)
Key Highlights of the Market Segmentation:
Breakup by Product:
- Non-Dispersive Infrared (NDIR) CO2Sensors
- Chemical CO2Sensors
Breakup by Connectivity:
- Wired CO2Sensors
- Wireless CO2Sensors
Breakup by End Use Industry:
- Building Automation
- Consumer Electronics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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