Global Advanced CO2 Sensor Market to Reach USD 12,281.66Million by 2030 | CAGR of 4.30%
Category : Semiconductor And Electronics | Published Date : Aug 2024 | Type : Press Release
Advanced CO2 Sensor Market Scope & Overview:
The Advanced CO2 Sensor measures and monitors carbon dioxide levels in various environments using advanced technology. It provides accurate measurements in diverse environments. It is commonly used for gas detection in homes, commercial buildings, and industrial spaces.
Consegic Business Intelligence analyzes that the Global Advanced CO2 Sensor Market size was valued at USD 8,837.12 Million in 2022, and is expected to register a CAGR of 4.30% to reach USD 12,281.66 Million by 2030.
This report comprises Advanced CO2 Sensor Market Share, Size & Industry Analysis, By Type (Nondispersive Infrared (NDIR), Photoacoustic Spectroscopy, Electrochemical, and Metal Oxide Semiconductor (MOS) Sensors), By Application (HVAC Systems, Smart Home & Buildings, Safety & Fire detection, Industrial Processes, Quality Control, and Others), By End-Use (Automotive, Healthcare, Agriculture, Consumer Electronics, Food & Beverages, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
This report contains detailed information on Advanced CO2 Sensor Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the increasing demand to monitor indoor air quality and rising global initiatives and regulations to control carbon emissions are driving the growth of the Advanced CO2 Sensor Market. The advancements in technologies such as IoT and their implementation with Advanced CO2 Sensors are anticipated to further boost potential opportunities in the market.
Segmental Analysis :
The Advanced CO2 Sensor market is segmented based on type, application, end-use, and region.
Based on the type, the market is segmented into Nondispersive Infrared (NDIR), Photoacoustic Spectroscopy, Electrochemical, and Metal Oxide Semiconductor (MOS) Sensors.
- The nondispersive infrared (NDIR) segment held the highest market share in 2022 and is also expected to register the fastest CAGR during the forecasted period. This is due to the benefits it provides such as longer shelf life, better working conditions, ability to read from other substances, and others.
Based on the application, the market is segmented into HVAC systems, smart homes & buildings, safety & fire detection, industrial processes, quality control, and others.
- The HVAC systems held the highest market share in 2022. These systems are used to provide quality air and require advanced CO2 sensors to detect the level of carbon in the air.
- Over the forecasted period, the industrial processes segment is expected to grow at the fastest CAGR due to rising industrialization and regulations about carbon emissions.
Based on end-use, the market is segmented into automotive, healthcare, agriculture, consumer electronics, food & beverages, and others.
- The consumer electronics segment accounted for the largest market share in 2022, driven by the increasing health concerns related to pollution and rising usage of consumer electronics.
- The healthcare segment is expected to witness the fastest CAGR over the forecasted period. This is mainly due to the growing healthcare industry.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, North America was valued at USD 3,746.94 million and is expected to reach USD 5,195.14 million in 2030. Out of these, the U.S. accounted for the highest market share of 55.6 % in 2022.
- Asia Pacific is expected to witness the fastest CAGR of 4.5% during the forecasted period, due to growing digitalization and industrialization in the region.
| Report Attributes | Report Details |
| By Type | Nondispersive Infrared (NDIR), Photoacoustic Spectroscopy, Electrochemical, and Metal Oxide Semiconductor (MOS) Sensors |
| By Application | HVAC Systems, Smart Homes & Buildings, Safety & Fire detection, Industrial Processes, Quality Control, and Others |
| By End Use | Automotive, Healthcare, Agriculture, Consumer Electronics, Food & Beverages, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Advanced CO2 Sensor Industry:
- METTLER TOLEDO
- Infineon Technologies AG
- Siemens AG
- ABB
- Murata Manufacturing Co. Ltd.
- Winson
- Cubic Sensor and Instrument Co. Ltd.
- Munters
- Amphenol Corporation
- Sensirion AG
- Digital Control System Inc.
- Gas Sensing Solutions
- Honeywell International Inc.
Recent Industry Developments :
- In April 2022, RLE Technologies launched a Wi-Fi-based carbon dioxide sensor for mission-critical facilities.
- In July 2023, ZenMeasure and Sensirion collaborated to manufacture mobile CO2 detectors.
