Market Overview:
The global CO2 sensors market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for CO2 sensors in medical and automotive applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of the global CO2 sensors market. The chemical CO2 sensor segment is expected to hold a major share of the global CO2 sensors market during the forecast period. This segment is mainly driven by its wide application in medical and automotive applications.
Product Definition:
A CO2 sensor is a device that senses the concentration of carbon dioxide (CO2) in the atmosphere. The concentration of CO2 in the atmosphere can be an indicator of air quality and environmental health.
Chemical CO2 Sensors:
CO2 sensors are used to measure the concentration of Carbon Dioxide (CO2) in a gas or liquid. They are also used to monitor the temperature of gases and liquids, by detecting their infrared radiation. The technology is gaining popularity owing to its ability to provide accurate results with minimal maintenance, making it suitable for use in residential applications such as greenhouse farming and smart homes.
NDIR CO2 Sensors:
NDIR CO2 sensors are used to measure the concentration of Carbon Dioxide in the atmosphere. The sensor consists of a semiconductor that is heated to its Curie temperature, which causes it to emit infrared light. This light is absorbed by a detector which gives out an analog signal representing the detected amount of carbon dioxide.
The major advantage provided by these sensors is that they provide accurate results even at high temperatures.
Application Insights:
The global market has been segmented into six major applications, namely medical, Petrochemical, automotive, building automation and domestic appliances (OA&D), food processing and packaging machinery industry (FPM), and others. The medical application dominated the overall market in terms of revenue as well as volume in 2017. This is attributed to the rising prevalence of chronic diseases such as heart disease, cancer etc., which are associated with high carbon dioxide levels.
Petroleum & chemical was another prominent segment owing to growing demand for chemicals across various end-use industries including construction materials manufacturing and oil & gas sector. In addition to this growth drivers such as increasing use of plastics in automobiles will further propel product demand over the forecast period. Building automation & domestic appliances is expected to be one of the fastest-growing segments during the study period on account of growing technological advancements coupled with rising consumer awareness regarding energy consumption patterns at home or office buildings globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of chemical manufacturing companies. The region is expected to witness moderate growth over the forecast period, which can be attributed to strict environmental regulations and rising demand for energy efficiency.
The U.S., being an industrial nation, has a well-established oil & gas industry that uses chemicals as one of its primary raw materials. Thus, it is anticipated that North America will continue witnessing steady growth in demand for CO2 sensors over the forecast period due to rising petrochemical production activities across major economies such as China and India.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing herringbone layout pattern used by early European settlers called Layers System developed by Dr Hernan Diaz de la Vega (1573).
Growth Factors:
- Increasing demand for CO2 sensors in automobiles for efficient fuel combustion and emission control
- Rising demand from the medical sector for monitoring patients’ respiration and blood-carbon levels
- Growing popularity of IoT-enabled devices, which require CO2 sensors for accurate detection and measurement of carbon dioxide levels
- Proliferation of data centers across the globe, which need efficient monitoring of carbon dioxide levels to maintain an optimal operating environment
- Increased focus on energy conservation by governments worldwide, necessitating deployment of CO2 sensors in various industrial sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
CO2 Sensors Market Research Report
By Type
Chemical CO2 Sensors, NDIR CO2 Sensors
By Application
Medical, Petrochemical, Automotive, Building automation and domestic appliance, Others
By Companies
Siemens AG, Amphenol Corporation, Honeywell, Johnson Controls, E + E ELEKTRONIK, Vaisala, SenseAir, SICK AG, Trane, Gas Sensing Solutions, GE Measurement and Control Solutions, Digital Control Systems Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global CO2 Sensors Market Report Segments:
The global CO2 Sensors market is segmented on the basis of:
Types
Chemical CO2 Sensors, NDIR CO2 Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Petrochemical, Automotive, Building automation and domestic appliance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens AG
- Amphenol Corporation
- Honeywell
- Johnson Controls
- E + E ELEKTRONIK
- Vaisala
- SenseAir
- SICK AG
- Trane
- Gas Sensing Solutions
- GE Measurement and Control Solutions
- Digital Control Systems Inc
Highlights of The CO2 Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical CO2 Sensors
- NDIR CO2 Sensors
- By Application:
- Medical
- Petrochemical
- Automotive
- Building automation and domestic appliance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CO2 Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CO2 sensor is a device that measures the concentration of carbon dioxide in the air. This information can be used to monitor environmental conditions, such as climate change.
Some of the key players operating in the co2 sensors market are Siemens AG, Amphenol Corporation, Honeywell, Johnson Controls, E + E ELEKTRONIK, Vaisala, SenseAir, SICK AG, Trane, Gas Sensing Solutions, GE Measurement and Control Solutions, Digital Control Systems Inc.
The co2 sensors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CO2 Sensors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 CO2 Sensors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 CO2 Sensors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the CO2 Sensors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global CO2 Sensors Market Size & Forecast, 2020-2028 4.5.1 CO2 Sensors Market Size and Y-o-Y Growth 4.5.2 CO2 Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical CO2 Sensors
5.2.2 NDIR CO2 Sensors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Petrochemical
6.2.3 Automotive
6.2.4 Building automation and domestic appliance
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CO2 Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CO2 Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical CO2 Sensors
9.6.2 NDIR CO2 Sensors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Petrochemical
9.10.3 Automotive
9.10.4 Building automation and domestic appliance
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical CO2 Sensors
10.6.2 NDIR CO2 Sensors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Petrochemical
10.10.3 Automotive
10.10.4 Building automation and domestic appliance
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical CO2 Sensors
11.6.2 NDIR CO2 Sensors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Petrochemical
11.10.3 Automotive
11.10.4 Building automation and domestic appliance
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical CO2 Sensors
12.6.2 NDIR CO2 Sensors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Petrochemical
12.10.3 Automotive
12.10.4 Building automation and domestic appliance
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical CO2 Sensors
13.6.2 NDIR CO2 Sensors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Petrochemical
13.10.3 Automotive
13.10.4 Building automation and domestic appliance
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CO2 Sensors Market: Competitive Dashboard
14.2 Global CO2 Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 Amphenol Corporation
14.3.3 Honeywell
14.3.4 Johnson Controls
14.3.5 E + E ELEKTRONIK
14.3.6 Vaisala
14.3.7 SenseAir
14.3.8 SICK AG
14.3.9 Trane
14.3.10 Gas Sensing Solutions
14.3.11 GE Measurement and Control Solutions
14.3.12 Digital Control Systems Inc