Advanced Carbon Dioxide (CO2) Sensors Market Current Scenario and Growth Prospects to 2023-2028

IMARC Group, a leading market research company, has recently released a report titled “Advanced Carbon Dioxide (CO2) Sensors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the advanced carbon dioxide (co2) sensors market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Advanced Carbon Dioxide (CO2) Sensors Market?

The global advanced carbon dioxide (CO2) sensors market size reached US$ 553.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 887.8 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.

What is Advanced Carbon Dioxide (CO2) Sensors?

Advanced carbon dioxide (CO₂) sensors represent next-generation sensor technologies designed for measuring the concentration of carbon dioxide in water, air, and plasma. They can be categorized into various types, such as electrochemical, photoionizing detectors (PID), infrared, catalytic, laser, and holographic. These advanced carbon dioxide (CO₂) sensors can automatically adjust in response to changes in altitude, temperature, and humidity, help maintain indoor air quality, minimize energy consumption, and optimize carbon dioxide levels in closed spaces. Consequently, they find extensive applications across numerous sectors, including healthcare, automotive, petrochemical, consumer electronics, petrochemical, etc.

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What are the Growth Prospects and Trends in the Advanced Carbon Dioxide (CO2) Sensors Industry?

The increasing requirement for industrial automation and the shifting preferences toward innovative solutions that will assist in controlling and monitoring the levels of pollutants present in the air are primarily driving the advanced carbon dioxide (CO₂) sensors market. In addition to this, the escalating awareness about the need to prevent the contamination of water bodies and the atmosphere with toxic fumes and substances released from factories is further stimulating the market growth.

Besides this, the introduction of wireless sensors integrated with the internet of things (IoT) and artificial intelligence (AI) technology and the elevating production of 3D printed sensors by leading market players that facilitate continuous checking of indoor air quality are acting as significant growth-inducing factors. In line with this, the inflating expenditure in research and development activities to launch miniaturized sensors and the rising product integration in automobile exhaust and food spoilage detection systems are expected to bolster the advanced carbon dioxide (CO₂) sensors market over the forecasted period.

Who are the Key Players Operating in the Advanced Carbon Dioxide (CO2) Sensors Market?

The report has also analysed the competitive landscape of the market with some of the 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)

What is Included in Market Segmentation?

The report has categorized the market based on product, connectivity, end use industry and region.

Breakup by Product:

Non-Dispersive Infrared (NDIR) CO₂Sensors
Chemical CO₂Sensors

Breakup by Connectivity:

Wired CO₂Sensors
Wireless CO₂Sensors

Breakup by End Use Industry:

Healthcare
Automotive
Petrochemical
Building Automation
Consumer Electronics
Others

Regional Analysis:

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, South Africa, Others)

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Key Highlights of The Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
SWOT Analysis
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.

About Us:

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.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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