18 January 2019: Global CO2 Sensors Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. A CO2 sensor is also termed as carbon dioxide sensor. A CO2 sensor is a device that detects the presence of carbon dioxide in an area such as the quality of indoor air and is perfect for commercial and industrial applications. If the level of CO2 is high then it begins to act as an asphyxiant. The factors that are playing a major role in the growth of CO2 Sensors Market are the high demand for submersible CO2 sensors and government initiative. Moreover, location-specific advanced CO2 sensors is another factor driving the overall market. CO2 Sensors Market is segmented based on product types, range, applications, and region. Product types such as NDIR CO2 Sensors (Non-Dispersive Infrared CO2 Sensor) and Chemical CO2 Sensors classify the market.
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NDIR CO2 Sensors are further sub-segmented into single beam dual wavelength sensor, single beam single wavelength sensor, and dual beam dual wavelength sensor. NDIR CO2 sensors segment accounts for the largest market share of CO2 Sensors Market and is estimated to remain dominant in years to come. The reason being, stability and durability over chemical CO2 sensors, long stability, lifespan, and high humidity, and dirt-withstanding nature of IR sensors. Moreover, immunity to other gases and humidity, and low power consumption will are the other factors that will drive the overall segment in the years to come.
Range types such as 0-2000 ppm (parts per million), 0-5000 ppm, and 0-10000 ppm classify CO2 Sensors Market. Applications into Building Automation and Domestic Appliance, Medical, Automotive, Petrochemical, and others industry. CO2 Sensors Industry is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, Europe and the Middle East and Africa accounts for the largest market share of CO2 Sensors Market and is estimated lead the overall market in the upcoming years. The reason being, rising use of CO2 sensors for smart buildings and key manufacturers are investing in R&D sectors. Germany is the major consumer of the industry in the European region, as increased in the spending on renovating homes and building.
Americas and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the upcoming years. The rise in construction activities will boost the CO2 Sensors Market in the upcoming years. The key players of market are Digital Control Systems Inc., Siemens AG, GE Measurement and Control Solutions, Amphenol Corporation, Gas Sensing Solutions, Honeywell, Trane, Johnson Controls, SICK AG, E + E ELEKTRONIK, Sense Air, and Vaisala. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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