CO2 Sensors Market Introduction
CO2 sensors is an instrument that is used for measuring the level of CO2 present in fluids like water, air and plasma. CO2 sensors are also used for measuring the level of gaseous carbon dioxide by monitoring the amount of infrared radiation that are absorbed by the carbon dioxide molecules.
Due to technological advancement in the electronics industry have led to an increased emission of a number of hazardous gases, which is the main cause for global warming scenario. In bid to monitor as well as measure the intensity of carbon dioxide in the atmosphere efficiently researchers are widely adopting the CO2 sensors.
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CO2 Sensors Market Forecast and CAGR
According to latest research, CO2 Sensors market is estimated to witness the growth with an expected CAGR of around 30%. The CO2 sensors are used for monitoring the indoor air quality, measuring the air-fuel ratio in the exhaust gases, these are the major factors for the growing adoption of CO2 sensors.
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What is Driving Demand for CO2 Sensors?
Due to increasing public awareness about the health issues because of indoor air pollution, the adoption of CO2 sensors is increasing. Indoor air quality is affected by pollutants that penetrate the building environment or enter the building through windows.
Exposure to indoor air pollution can lead to chronic and acute respiratory illness such as lung cancer, systemic hypertension, humidifier fever, asthma, and others due to which adoption of CO2 sensors is increasing.
The use of CO2 sensors also reduces energy costs associated with increased cooling and heating needs which sometimes waste energy. However due to increasing level of awareness among the public about the hazard of pollution is resulting in increasing adoption of CO2 sensors.
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CO2 Sensor Helps in Reducing the Risk of COVID-19 Transmission Indoors
During the pandemic concerns were raised about the aerosols and the risk of infection in class rooms, offices, gyms, restaurants and other crowded places. The places where large number of people are present, there is considerable amount of exhaled air containing CO2 which increases the risk of spreading infection or the virus.
The Federal Environment Agency of Germany and the American Society of Heating, Refrigeration, and Air Conditioning Engineers (ASHRAE) published recommendations long before the coronavirus outbreak that the CO2 concentration in places like office or classrooms should not exceed 1,000ppm.
In this context, the idea of installing CO2 -sensors in offices, as well as other indoor public spaces like gyms, bars, and restaurants, is about preventing the spread of the virus. Installing the CO2 sensors would help to measure the aerosols in the air and alarm will get triggered if these become excessively high.
Reliable CO2 monitoring is not only important with regard to Covid-19 but also beneficial to overall well-being and productivity when spending time indoors. CO2 sensors are used for measuring the carbon dioxide concentration and improving the quality of indoor air
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South Asia & Pacific CO2 Sensors Market Outlook
Growing number of automobiles with the growing population in countries like India, Indonesia and others has forced the automobile emission standards to be more and more stringent concerning the health of the population across the region. Continuous implementation of regulations by the government has forced the manufacturers to come up with the idea of advanced product development to cope up with the emission standards.
For instance, execution of Euro 6 emission standards has forced the manufacturers to reduce Nox and (HC + Nox) emission from diesel cars. Manufacturers are focused on providing precision in exhaust sensors in order to help in keeping a check over implementation of stringent emission norms. CO2 sensors are being manufacturer more efficiently by manufacturers in the region.
Europe CO2 Sensors Demand Outlook
Europe region is dominating the CO2 sensors market, owing to air pollution rules and stringent environmental rules and laws regarding the CO2 emission level from several industries in the region. Also, the government is taking initiatives for reducing the carbon emission and thereby the adoption of CO2 sensors is increasing in the region.
Europe has presence of major players of CO2 sensors that include Balluff GmbH, Pepperl+Fuchs GmbH, Hans Turck GmbH & Co. KG, Siemens and others.
Who are the Key Providers of CO2 Sensors?
Some of the leading CO2 Sensors providers include
- Honeywell International
- Siemens AG
- Digital Control Systems
- Gas Sensing Solutions
- Balluff GmbH
- SenseAir AB
- Pepperl+Fuchs GmbH
- AirTest Technologies
- Veris Industries
- Banner Engineering
These vendors have adopted various key strategies, to enhance the customer base globally and locally. Companies are also spending millions of dollars into product R&D to fulfill the unmet needs of their customers. Furthermore, many companies are focusing on inorganic strategies by acquiring small and mid-sized organizations present in this market.
- Non-dispersive Infrared CO2 Sensor
- Chemical CO2 Sensor
- Oil & Gas
- Metal & Mining
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- North Africa
- Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
CO2 Sensors Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.