Global Advanced Co2 Sensors Market 2017-2021

Overview of the global advanced CO₂ sensors market

Technavio’s market research analyst predicts the global advanced CO₂ sensors market to grow exponentially at a CAGR of around 50% by 2021. One of the primary drivers for this market is the increased demand for location-specific advanced CO₂ sensors and better air pollution measurement systems. CO₂ sensors are calibrated to operate at different sea levels irrespective of the location where these sensors are going to be deployed. The variation in air pressure at different altitudes leads to issues in measuring the concentration of CO₂. As a result, there is a demand for advanced CO₂ sensors that are properly calibrated according to the altitude of the location where the sensor is going to be deployed. The high demand for location-specific advanced CO₂ sensors will be the key to the growth of advanced CO₂ sensors, during the forecast period.

In terms of geography, EMEA accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The key factor responsible for this dominance is the the increased use of advanced CO₂ sensors for smart buildings. The construction markets in some European countries such as Germany are doing well because of the rise in the spending on building and renovating homes.  Countries such as Germany, France, the UK, and Russia play a major role in the growth of the market in EMEA. With rising spendings on smart buildings and the increase in construction activities will fuel the growth of advanced CO₂ sensors market during the forecast period.

Competitive landscape and key vendors

The global advanced CO₂ sensors market is highly competitive because of the presence of multiple vendors in the market. The intensive market capital makes it extremely difficult for new players to enter the market space. Vendors are constantly innovating and introducing new products, which cater to many unmet market requirements. These companies have a wide geographical presence, which propels them to gain a global reach. Companies with higher economies of scale and greater geographical presence have an edge over their competitors. Vendors are investing heavily in R&D and expanding production capacity, which will also help them overcome time-to-market pressure, resulting in the timely deployment of advanced CO₂ sensors.

Leading vendors in the market are –

• Amphenol Advanced Sensors
• Digital Control Systems
• Honeywell International
• Johnson Controls

The other prominent vendors in the global advanced CO₂ sensors market includeAirTest Technologies,Balluff,Banner Engineering, Pepperl+Fuchs, SICK AG, Siemens Industry, SenseAir, Vaisala,and Veris Industries.

Segmentation by fitting type and analysis of the advanced CO₂ sensors market

• Retrofit
• Wall mount

During 2016, the wall mount CO₂ sensors dominated the advanced CO₂ sensors market and accounted for a major part of the overall market share. The major reason for this high market share is the the high adoption of advanced CO₂ sensors in homes and schools where they can be installed easily and do not depend on any additional systems. Moreover, the ease in portability of wall mount advanced CO₂ sensors will play a major role in increasing its adoption over the next few years.

Segmentation by product and analysis of the advanced CO₂ sensors market

• NDIR advanced CO₂ sensors
• Chemical advanced CO₂ sensors

In this market study, analysts have estimated the NDIR advanced CO₂ sensors to dominate the advanced CO₂ sensors market during the forecast period. This dominance is primarily due to their benefits such as durability and stability over chemical CO₂ sensors. Owing to long lifespan, stability, and high humidity and dirt-withstanding nature of IR sensors, they are preferred over chemical sensors. This has increased the adoption of NDIR sensors among end-users. Also, their low power consumption and immunity to other gases and humidity will contribute to its growth over the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global advanced CO₂ sensors market?
• What are the key market trends impacting the growth of the global advanced CO₂ sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global advanced CO₂ sensors market?
• What are the market opportunities and threats faced by the vendors in the global advanced CO₂ sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global advanced CO₂ sensors market?

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