Advanced Carbon Dioxide Sensors Market to grow by USD 283.27 million from 2022 to 2027

News provided by

24 Aug, 2023, 00:00 ET

Share this article

NEW YORK, Aug. 24, 2023 /PRNewswire/ -- The advanced carbon dioxide sensors market size is estimated to grow by USD 283.27 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 6.64%, according to Technavio. Download a Sample Report Now!

Advanced Carbon Dioxide Sensors Market Insights -

To understand more about the advanced carbon dioxide sensors market, request a sample report

Advanced Carbon Dioxide Sensors Market - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies, including Aeroqual Ltd., Airtest Technologies Inc., AMETEK Inc., Amphenol Corp., Asahi Kasei Corp., Digital Control Systems Inc., E E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd., Honeywell International Inc., Infineon Technologies AG, Johnson Controls International Plc, NEW COSMOS ELECTRIC Co. Ltd., RKI Instruments Inc., Schneider Electric SE, Sensirion AG, Siemens AG, Trane Technologies plc, Trolex Ltd., Vaisala Oyj, and Cubic Sensor and Instrument Co. Ltd, among others.

Advanced Carbon Dioxide Sensors Market – Market Dynamics

Major Drivers -

The proliferation of advanced submersible carbon dioxide sensors in emerging markets drives market growth during the forecast period.

Significant Trends -

The rise in institutional use of advanced carbon dioxide sensors is an emerging trend in the advanced carbon dioxide sensors market during the forecast period.

Key Challenges -

The interoperability problem is a major challenge hindering the market growth during the forecast period. As the new equipment may not be compatible with existing lighting, heat pumps, or other systems it can lead to f interoperability between hardware components when installing advanced CO2 sensors in buildings and building automation solutions. Furthermore, these interoperability issues in older buildings like government buildings can hinder the development of technology and product upgrades across the building automation and control systems sector. Additionally, several market players offer products that cannot be utilized with another company's products. Hence, such issues can negatively impact the end-user as they have to depend on a particular market player which can cost them a huge amount of money. Hence, such factors are expected to hinder market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The advanced carbon dioxide sensors market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this Advanced Carbon Dioxide Sensors Market report?

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

The electronic shelf label (ESLs) market size is estimated to grow at a CAGR of 13.53% between 2022 and 2027. The market size is forecast to increase by USD 1,207.19 million. This electronic shelf label market report extensively covers market segmentation by technology (radio frequency, infrared, and others), product (LCD ESL, full graphic E-paper ESL, and segmented E-paper ESL), end-user (supermarkets and hypermarkets, convenience stores, department stores, mass merchants, and drug stores and others), and geography (Europe, APAC, North America, Middle East and Africa, and South America). The development of the IoT ecosystem is driving the growth of the market.

The sensor market size is estimated to grow at a CAGR of 17.89% between 2022 and 2027. The market size is forecast to increase by USD 274.2 billion. This sensor market report extensively covers market segmentation by technology (CMOS, MEMS, NEMS, and others), end-user (electronics, it and telecom, automotive, industrial, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The rise in demand for IoT technology-based devices is the key factor driving the growth of the market.

Advanced Carbon Dioxide Sensors Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.64%

Market growth 2023-2027

USD 283.27 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.3

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 28%

Key countries

US, United Arab Emirates, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aeroqual Ltd., Airtest Technologies Inc., AMETEK Inc., Amphenol Corp., Asahi Kasei Corp., Digital Control Systems Inc., E E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd., Honeywell International Inc., Infineon Technologies AG, Johnson Controls International Plc, NEW COSMOS ELECTRIC Co. Ltd., RKI Instruments Inc., Schneider Electric SE, Sensirion AG, Siemens AG, Trane Technologies plc, Trolex Ltd., Vaisala Oyj, and Cubic Sensor and Instrument Co. Ltd.

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, and Market condition analysis for the 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.

Table of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Fitting

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio