Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.1 billion | USD 14.5 billion | 4.23% | 2022 |
FrequentlyAsked Questions
Advanced CO2 Sensors help in monitoring the intensity of carbon dioxide in various mediums such as air and water and can adjust to changes in altitude, temperature, and humidity. An increase in the emission of harmful gases from a large number of factories and a surge in air pollution levels with rising industrialization has increased the demand for advanced CO2 sensors. Automation of buildings in residential and commercial sectors has resulted in a rise in carbon emissions in the atmosphere, thereby increasing product penetration in construction & real estate activities.
The global advanced CO2 sensors market growth is owing to thriving healthcare, automotive, and petrochemical sectors resulting in an increase in carbon emissions, thereby enhancing the demand for advanced CO2 sensors in these sectors.
According to a study, the global advanced CO2 sensors industry size was $10.1 billion in 2022 and is projected to reach $14.5 billion by the end of 2030.
The global advanced CO2 sensors market is anticipated to record a CAGR of nearly 4.23% from 2023 to 2030.
The North American advanced CO2 sensors industry is set to register the highest CAGR over the forecasting timeline owing to an increase in the sale of the products in various end-use industries in countries such as Canada and the U.S.
The global advanced CO2 sensors market is led by players such as Amphenol Corporation, Gas Sensing Solutions Ltd., Vaisala Oyj, Asahi Kasei Corporation, Balluff GmbH, Sick AG, Honeywell International Inc., Siemens Aktiengesellschaft, Veris Industries LLC (Schneider Electric), and Johnson Controls International.
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