Industry Background:
CO2 sensor, a small instrument that can detect and measure carbon dioxide within the surrounding air. The continuously growing emission of hazardous gases from numerous industrial segment is one of the major driving agents in the growth of the very market. Key market players are focusing in the development of advanced CO2 sensors that can be used in underwater to measure and keep a track of the CO2 level in the water body. Moreover, these sensors can also be used for measuring dissolved CO2 in beverages, fermentation and sequestration applications.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Siemens AG (Germany), Amphenol Corporation (United States), Johnson Controls (Ireland), Honeywell Analytics (United Kingdom), Figaro (Japan), Alphasense (United Kingdom), ams AG (Austria), MEMBRAPOR AG (Switzerland), Dynament (United Kingdom), Sensirion (Switzerland), Asahi Kasei Corporation (Japan), Nissha (Japan), IDT (United States), Bosch Sensortec (Germany), E + E Elektronik Ges.m.b.H (Austria) and Vaisala (Finland) |
This growth is primarily driven by Formulation and Implementation of Various Health and Safety Regulations Across the World, Increased Adoption of CO2 Sensors in HVAC Systems and Air Quality Monitors, Growing Demand for CO2 Sensors From Critical Industries and Increased Air Pollution Level and Need for Air Quality Monitoring in Smart Cities Globally.
Globally, a noticeable market trend is evident Introduction of Miniaturized Wireless Gas Sensors by Key Market Players
. Major Players, such as Siemens AG (Germany), Amphenol Corporation (United States), Johnson Controls (Ireland), Honeywell Analytics (United Kingdom), Figaro (Japan), Alphasense (United Kingdom), ams AG (Austria), MEMBRAPOR AG (Switzerland), Dynament (United Kingdom), Sensirion (Switzerland), Asahi Kasei Corporation (Japan), Nissha (Japan), IDT (United States), Bosch Sensortec (Germany), E + E Elektronik Ges.m.b.H (Austria) and Vaisala (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
On 17 April 2019, the European Parliament and the Council adopted Regulation (EU) 2019/631 setting CO2 emission performance standards for new passenger cars and for new light commercial vehicles (vans) in the European Union for the period after 2020. The new Regulation will start applying on 1 January 2020.
Market Drivers
- Formulation and Implementation of Various Health and Safety Regulations Across the World
- Increased Adoption of CO2 Sensors in HVAC Systems and Air Quality Monitors
- Growing Demand for CO2 Sensors From Critical Industries
- Increased Air Pollution Level and Need for Air Quality Monitoring in Smart Cities Globally
Market Trend
- Introduction of Miniaturized Wireless Gas Sensors by Key Market Players
- Easy to Use and Simpler in Structure
Restraints
- Development of New and Innovative Gas Sensors is Time-Consuming
Opportunities
Rising Adoption of CO2 Sensors in Consumer Electronic Devices and Growing Involvement of Private and Public Organizations to Create Awareness Among Masses for Air Quality
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in CO2 Sensors Market
- Analysis about New Entrants in CO2 Sensors Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, CO2 Sensors Study Sheds Light on
The CO2 Sensors Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the CO2 Sensors industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CO2 Sensors industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.