Europe Advanced CO2 Sensor Market Size By Product(NDIR CO2 Sensor, and Chemical CO2 Sensor), By Application(Industrial, Building Automation, Air Purifier), By Geographic Scope And Forecast

Europe Advanced CO2 Sensor Market Size And Forecast

Europe Advanced CO2 Sensor Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2023 to 2030.

Increased Institutional Usage of CO2 Sensor and Increasing Government Initiatives and Regularizes for Controlling Air Pollution are some of the major drivers that exhibit the growth of Europe’s Advanced CO2 sensor market. The Europe Advanced CO2 Sensor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Europe Advanced CO2 Sensor Market Definition

Advanced carbon dioxide (CO2) sensors refer to next-generation sensors used for measuring the concentration of CO2 in air, water and plasma. Some of the commonly used sensors include electrochemical, photoionizing detectors (PID), catalytic, infrared, laser and holographic. Advanced carbon dioxide (CO2) sensors are next-generation sensors that measure CO2 concentrations in air, water, and plasma. They are used in terrariums, automobile exhausts, air quality measurement, and food spoilage detection systems because they can adjust to changes in temperature, humidity, and altitude.

Europe Advanced CO2 Sensor Market Overview

Recently in July 2016, according to the Department of Energy invested $11.5 Million to Advance Geologic Carbon Storage and Geothermal Exploration. This investment will help to capture the carbon pollution from the burning of fossil fuels and improves renewable gothermal resources both of which will help to make the air purify.

With the increase in population, there is a drastic increase in the infrastructure. So, with the increase in the real estate industry, there are many different indoor pollutants that came into the picture including volatile organic compounds such as paints and new furnishing to pollutants from equipment, chemical uses, and cleaning processes. Carbon dioxide is a part of every breath we take, and as we emit it, then it becomes a proxy for other pollutants and shows whether the ventilation systems are working properly or not. While CO2 is not a pollutant it has an effect on humans, with an increase in the level humans feel sleepy and sluggish, due to which it becomes difficult for the person to focus on the work which results in less productivity.

Thus, to overcome the above concerns the need for air pollution measurement systems has been increased. These systems are enabled with sensors like advanced CO2 which helps to purify the air, which leads to proper ventilation.

In this market analysis, analysts estimate the non-dispersive infrared (NIDR) CO2 sensors segment to account for nearly 83% of the total market share by 2016. The long lifespan, stability, high humidity, and dirt-withstanding nature of IR sensors are responsible for their high market share during the forecast period.

Europe Advanced CO2 Sensor MarketSegmentation Analysis

The Europe Advanced CO2 Sensor Market is segmented on the basis of Product and Application.

Europe Advanced CO2 Sensor Market by Product

• NDIR CO2 Sensor• Chemical CO2 Sensor

Based on product the Europe Advanced CO2 Sensor Market is segmented into NDIR CO2 Sensor, and Chemical CO2 Sensor. NDIR CO2 sensor is predicted to account for the biggest market share during the projection period because of its stability, extended life duration, high humidity, and dirt resistance.

Europe Advanced CO2 Sensor Market by Application

• Industrial• Building Automation• Air Purifier• Automotive• Petrochemical• Others

Based on Application the Europe Advanced CO2 Sensor market is segmented into Industrial, Building Automation, Air Purifier, Automotive, Petrochemical, and Others. Building automation is expected to drive market growth due to an increase in automation, which has resulted in an increase in infrastructure. Because of the rise in the real estate industry, various indoor pollutants containing volatile organic compounds such as paints, chemical uses, and others have emerged.

Key Players

The “Europe Advanced CO2 Sensor Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Amphenol Corporation, Asahi Kasei Corporation, Balluff GmbH, Gas Sensing Solutions Ltd., Honeywell International Inc., Johnson Controls International, Sick AG, Siemens Aktiengesellschaft, Vaisala Oyj, and Veris Industries LLC (Schneider Electric).

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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