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Advanced Carbon Dioxide Sensors Market by Fitting, Product, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR41659
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The advanced carbon dioxide (co2) sensors market share is expected to increase by USD 56.95 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 10.04%.

This advanced carbon dioxide (co2) sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers advanced carbon dioxide (co2) sensors market segmentations by product (NDIR and chemical), fitting (wall-mount and retrofit), and geography (North America, APAC, Europe, South America, North America, APAC, Europe, and South America). The advanced carbon dioxide (co2) sensors market report also offers information on several market vendors, including Amphenol Corp., Asahi Kasei Corporation, Digital Control Systems Inc., E + E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd (GSS), Honeywell International Inc., Johnson Controls International Plc, SICK AG, Siemens AG, and Vaisala Oyj among others.

What will the Advanced Carbon Dioxide (CO2) Sensors Market Size be During the Forecast Period?

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Advanced Carbon Dioxide (CO2) Sensors Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a POSITIVE impact on the market growth during and post COVID-19 era. The growth of the global construction market is notably driving the advanced carbon dioxide (co2) sensors market growth, although factors such as complex operations of advanced co2 sensors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the advanced carbon dioxide (co2) sensors market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Advanced Carbon Dioxide (CO2) Sensors Market Driver

The growth of the construction industry is one of the major factors driving advanced carbon dioxide sensors market growth. Owing to fast-paced urbanization and economic growth, there is an increase in the construction of high-rise buildings in several large and medium-sized cities around the world.Ultra-high-rise buildings in big cities act as local landmarks and allure popular domestic and foreign companies.As building automation is the predominant end-user segment for advanced CO2 sensors, the rise in the construction of high-rise projects will boost the demand for advanced CO2 sensors, fueling the market growth.

Key Advanced Carbon Dioxide (CO2) Sensors Market Trend

Rapid urbanization, which is one of the key advanced carbon dioxide sensors market trends, will also influence market growth. Multinational corporations set up their offices in metropolitan cities, which entices people from rural areas.Rapid urbanization is leading to a rise in the demand for infrastructure development, which includes smart homes, transit systems, and megacities.Growth in construction activities will subsequently drive the need for advanced CO2 sensors, thereby fueling market growth.Such factors will drive advanced carbon dioxide sensors market growth.

Key Advanced Carbon Dioxide (CO2) Sensors Market Challenge

Interoperability problems are the major hindrance to the growth of the advanced carbon dioxide sensors market.The implementation of advanced CO2 sensors with building automation solutions is leading to a lack of interoperability between hardware components as the new controls and the existing lighting, HVAC, and other systems may not be compatible with each other. In case of incompatibility, the end-user must modernize the entire range of products, which will add to the cost of installing advanced CO2 sensors and automation control systems. It is difficult to find the appropriate solution type, which is compatible with end-users' entire range of products. Developments in technology and product upgrades within the building automation and control systems industry are leading to the issue of interoperability, especially in old buildings such as government buildings. Most of the vendors supply products that cannot be used interchangeably with another vendor's products. This is a problem for many of the end-users as they rely on a single vendor's products only, which makes it financially challenging to switch to a new vendor as the switching cost is high. End- users are losing the freedom to choose and are not able to integrate such sensors with building automation systems, thus posing a challenge to the global advanced CO2 sensors market.

This advanced carbon dioxide (co2) sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global advanced carbon dioxide (CO ) sensors market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced carbon dioxide (co2) sensors market during the forecast period.

Who are the Major Advanced Carbon Dioxide (CO2) Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amphenol Corp.
  • Asahi Kasei Corporation
  • Digital Control Systems Inc.
  • E + E Elektronik Ges.m.b.H
  • Gas Sensing Solutions Ltd (GSS)
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • SICK AG
  • Siemens AG
  • Vaisala Oyj

 

This statistical study of the advanced carbon dioxide (co2) sensors market encompasses successful business strategies deployed by the key vendors. The advanced carbon dioxide (co2) sensors market is fragmented and the vendors are deploying organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The advanced carbon dioxide (co2) sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Advanced Carbon Dioxide (CO2) Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the advanced carbon dioxide (co2) sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global electronic equipment and instruments market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Advanced Carbon Dioxide (CO2) Sensors Market?

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37% of the market’s growth will originate from North America during the forecast period.The US is one of the key markets for advanced carbon dioxide (co2) sensors market in North America. Market growth in this region will be slower than the growth of the market in regions.

The increasing applications of advanced CO2 sensors will facilitate the advanced carbon dioxide (co2) sensors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 led to tighter supply and higher prices of some electronic equipment and instruments, such as electronic test and measurement instruments, scanner/barcode products, and lasers. The lockdown in various parts of the world in 2020 led to the slowdown in the production of electronic equipment and instruments and other manufacturing materials, especially in China. This resulted in the shortage, longer lead time, and price increase for some electronic equipment and instruments. The disruption in the electronic equipment and instruments supply chain, mostly in the first half of 2020, resulted in slower component and end- equipment shipments and lower sales revenue for electronic equipment and instrument companies in 2020. However, as COVID-19 cases decrease, and enterprises start to operate with new regulations, electronic equipment and instrument manufacturers would invest heavily in cleaning supplies to maintain a clean and virus-free environment. These manufacturers also have contingency plans in place to reduce the chances of infection among workers. Moreover, governments of various countries are supporting electronic equipment and instrument manufacturers by implementing new regulations to help the economy and protect businesses and workers. 

What are the Revenue-generating Product Segments in the Advanced Carbon Dioxide (CO2) Sensors Market?

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The wall-mount advanced CO2 sensors are used in specific areas such as conference rooms, classrooms, and meeting halls. The adoption of CO2 sensors in homes, offices, and schools is expected to fuel the growth of the wall-mount segment in the advanced carbon dioxide sensors market in the coming years.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced carbon dioxide (co2) sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

Advanced Carbon Dioxide (CO2) Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 10.04%

Market growth 2020-2024

USD 56.95 million

Market structure

Fragmented

YoY growth (%)

7.90

Regional analysis

North America, APAC, Europe, South America, North America, APAC, Europe, and South America

Performing market contribution

North America at 37%

Key consumer countries

US, Germany, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amphenol Corp., Asahi Kasei Corporation, Digital Control Systems Inc., E + E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd (GSS), Honeywell International Inc., Johnson Controls International Plc, SICK AG, Siemens AG, and Vaisala Oyj

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Advanced Carbon Dioxide (CO2) Sensors Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive advanced carbon dioxide (co2) sensors market growth during the next five years
  • Precise estimation of the advanced carbon dioxide (co2) sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the advanced carbon dioxide (co2) sensors market industry across North America, APAC, Europe, South America, North America, APAC, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of advanced carbon dioxide (co2) sensors market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • NDIR - Market size and forecast 2020-2025
    • Chemical - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Fitting

    • Market segments
    • Comparison by Fitting
    • Wall-mount - Market size and forecast 2020-2025
    • Retrofit - Market size and forecast 2020-2025
    • Market opportunity by Fitting

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amphenol Corp.
      • Asahi Kasei Corp.
      • Digital Control Systems Inc.
      • E + E Elektronik Ges.m.b.H
      • Gas Sensing Solutions Ltd (GSS)
      • Honeywell International Inc.
      • Johnson Controls International Plc
      • SICK AG
      • Siemens AG
      • Vaisala Oyj

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The advanced carbon dioxide (co2) sensors market growth will increase by $56.95 million during 2020-2024.
      The advanced carbon dioxide (co2) sensors market is expected to grow at a CAGR of 10.04% during 2020-2024.
      Technavio has segmented the advanced carbon dioxide (co2) sensors market by product (NDIR and Chemical) ,other 1 (Wall-mount, Retrofit, Metal fabrication, Consumer goods, and Others) , and geographic (North America, APAC, Europe, South America, and North America).
      Amphenol Corp., Asahi Kasei Corporation, Digital Control Systems Inc., E + E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd (GSS), Honeywell International Inc., Johnson Controls International Plc, SICK AG, Siemens AG, Vaisala Oyj are a few of the key vendors in the advanced carbon dioxide (co2) sensors market.
      North America will register the highest growth rate of 36.97% among the other regions. Therefore, the advanced carbon dioxide (co2) sensors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the advanced carbon dioxide (co2) sensors market growth are:
      • Growth of the global construction market
      • Increase in institutional use of advanced CO2 sensors
      The advanced carbon dioxide (co2) sensors market vendors should focus on grabbing business opportunities from the ndir segment as it accounted for the largest market share in the base year.
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