Global Advanced CO2 Sensors Market Size By Type (Non-Dispersive Infrared Advanced CO2 Sensors, Chemical Advanced CO2 Sensors), By Application (Petrochemical, Automotive, Environmental), By Geographic Scope And Forecast

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Advanced CO2 Sensors Market Size And Forecast

Advanced CO2 Sensors Market size was valued at USD 2.7 Billion in 2024 and is projected to reach USD 3.6 Billion by 2031, growing at a CAGR of 3.99% from 2024 to 2031.

Increasing emissions of hazardous gases from various industries, rising air pollution and growing awareness, and growing industrialization are fueling the growth of the Advanced CO2 Sensors Market also, stringent regulations by the government in concern with the environment are driving the growth of the Market. The Global Advanced CO2 Sensors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Advanced CO2 Sensors Market Definition

Carbon dioxide (CO2) sensors are the devices used to detect the co2 gas in the air. Moreover, Co2 sensors are used to monitor indoor ventilation levels to enable action to be taken to reduce the transmission of hazardous air and improve health and concentration. Growing installation of CO2 sensors in multiple industries, public places, theatres, schools, nightclubs retail outlets, pubs, restaurants, and other indoor public places to monitor the air exchange and ventilation. The high amount of CO2 level reflects the insufficient ventilation in the room and allows corrective action to be taken such as the opening of windows or switching on a fan that put them in the fresh air. CO2 sensors are used to measure the level of CO2. This gas needs to be monitored carefully because it is an excellent indicator of industrial combustion processes, ventilation quality, and CO2 emission levels. Without a special CO2 gas sensor, it is impossible to detect the presence of CO2 and keep track of its levels because it has no color or smell. Moreover, CO2 sensors are also used to monitor fermentation, photosynthesis, respiration, and other carbon dioxide-consuming or producing processes. They can be used for HVAC applications to monitor air quality. Nondispersive infrared (NDIR) sensors are the most common type of sensor used frequently due to their excellence performance and accuracy.

This market has been growing steadily in recent years, driven by a number of factors including, rising air pollution, technological advancement, and increasing emission of hazardous gases from various chemical industries. Increased emission of hazardous gasses from various chemical industries is anticipated to boost the demand for the Advanced CO2 Sensors Market. Hence in order to measure the amount of carbon dioxide in the atmosphere, Advanced CO2 Sensors are predominantly used in air pollution measuring systems. In addition, increasing concern of various industries with respect to controlling their emission of carbon dioxide is anticipated to fuel the Market.

Global Advanced CO2 Sensors Market Overview

This Market for advanced carbon dioxide sensors has been growing steadily in recent years, driven by a number of factors including, rising air pollution, technological advancement, and increasing emission of hazardous gases from various chemical industries. Increased emission of hazardous gasses from various chemical industries is anticipated to boost the demand for the Advanced CO2 Sensors Market. Hence in order to measure the amount of carbon dioxide in the atmosphere,

Advanced CO2 Sensors are predominantly used in air pollution measuring systems. In addition, increasing concern of various industries with respect to controlling their emission of carbon dioxide is anticipated to fuel the Market. Moreover, rising adoption of green building concepts and growing adoption of co2 sensors in farming anticipated to create lucrative growth opportunities near future. Using CO2 sensors to detect and measure CO2 concentration precisely has become more essential as Internet of Things (IoT) technology is effectively applied to agriculture/farm management, such as for plant growth, crop yields, improvement, and production quality.

Additionally, Advanced CO2 sensors are the most integral for the IoT application. It is essential in an IoT application, especially environmental management, and monitoring. The amount of CO2 in the air can be measured using CO2 sensors, which can give important information about the quality of the air inside buildings, their energy efficiency, and other environmental variables.

Global Advanced CO2 Sensors Market Segmentation Analysis

The Global Advanced CO2 Sensors Market is segmented on the basis of Type, Application, And Geography.

Advanced CO2 Sensors Market, By Type

Non-Dispersive Infrared Advanced CO2 Sensors
Chemical Advanced CO2 Sensors

Based on Type, the market is segmented into Non-dispersive infrared Advanced CO2 Sensors, and Chemical Advanced CO2 Sensors. Out of which, Non-dispersive infrared Advanced CO2 Sensors accounted for the largest market share of 65.26% in 2021, with a market value of USD 5,741.3 Million and is projected to grow at the highest CAGR of 4.15% during the forecast period. Chemical Advanced CO2 Sensors was the second-largest market in 2021, valued at USD 3,055.9 Million in 2021; it is projected to grow at a CAGR of 3.67%.

The non-dispersive infrared (NDIR) advanced sensors are used to measure the concentration of gases such as carbon dioxide in the air. The sensors work on the principle of infrared absorption to identify CO2 molecules in the air. The NDIR sensors have higher reliability, accuracy, and lifespan than other types of CO2 sensors, which makes them ideal for broad applications. These sensors can measure gas concentration with high precision and accuracy, even at low levels, which enables them to detect small changes in carbon dioxide concentrations. For instance, the K30 10,000ppm CO2 Sensor by CO2 Meter can detect particles up to 10,000ppm in the samples. Additionally, these sensors consume very low power, enabling them to run for longer durations on batteries or solar power. The modern-day sensors consume power as low as 2mW, while the typical incandescent IR sensors consume 50-200mW.

Advanced CO2 Sensors Market, By Application

Petrochemical
Automotive
Environmental
Others
By Application, the Global Advanced CO2 Sensors Market is classified as Environmental, Petrochemical, Automotive, and Others. Out of which, Environmental accounted for the largest market share of 35.79% in 2021, with a market value of USD 3,148.7 Million and is projected to grow at the highest CAGR of 4.59% during the forecast period. Petrochemical was the second-largest market in 2021, valued at USD 2,450.3 Million in 2021; it is projected to grow at a CAGR of 3.55%.
The advanced carbon dioxide sensors are used widely in environmental applications for controlling and monitoring greenhouse gas emissions and studying the impact of climate change. The sensors are used to measure concentrations of carbon dioxide in the atmosphere that helps the scientists to understand the impact of human activities on climate change and develop strategies to mitigate its effects.
Additionally, the sensors are also deployed in the agricultural and forest industries to monitor release and uptake of the carbon dioxide by the plants and carbon dioxide concentrations in the air. This helps to develop strategies to reduce greenhouse emissions from the industries and mitigate the effects of climate change. For instance, emissions from agricultural and forest related activities contribute about 24% of the global greenhouse gas emissions according to data published by United States Environmental Protection Agency.

Advanced CO2 Sensors Market, By Geography

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
By Geography, the Global Advanced CO2 Sensors Market is classified as Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Out of which, North America accounted for the largest market share of 32.83% in 2021, with a market value of USD 2,887.8 Million and is projected to grow at a CAGR of 3.69% during the forecast period. Europe was the second-largest market in 2021, valued at USD 2,645.2 Million in 2021; it is projected to grow at a CAGR of 3.81%. However, Asia-Pacific is projected to grow at the highest CAGR of 5.22%. These parent regions are further segmented as follows; Asia Pacific (China, India, Japan, Rest of APAC), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), North America (US, Canada, Mexico), Latin America (Brazil, Argentina, Rest of LATAM), and Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).
The CO2 sensors market in North America is expected to grow substantially due to the rising advanced infrastructure, increasing awareness about sustainable development, and increasing standards set by the regulatory authorities regarding the amount of emissions released by industries. Industries are deploying the sensors for several applications to maintain indoor air quality, HVAC, control emissions, and monitor the production processes. Moreover, the presence of several key players, such as Honeywell, Johnson Controls, Siemens, and Telaire, among others, in the region is expected to contribute to the Market's growth. Moreover, increasing carbon dioxide emissions in the country are expected to drive the adoption of these sensors. For instance, according to data published by the United States Environmental Protection Agency, as of 2021, the U.S. greenhouse emissions amounted to 6,347.7 million metric tons of carbon dioxide. Further, implementing workplace safety standards set by the Occupational Health and Safety Administration (OSHA) for industries in most U.S. states is anticipated to impact the demand for these sensors positively.

Key Players

The major players in the market are Siemens AG, Honeywell, Sensirion AG, Trane, Figaro, Gas Sensing Solutions, Amphenol Corporation, Digital Control System Inc., Ati Airtest Technologies Inc., Zhengzhou Winsen Electronics Technology Co., Ltd., and Others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Type benchmarking and SWOT analysis.

Key Developments

In July 2022, The RDG200 thermostat series from Siemens Smart Infrastructure now has a model that comes standard with a CO2 sensor and control features. They make it possible to monitor and control the indoor air quality, ensuring that occupants of the building always have access to a comfortable and productive interior environment while the facility continues to run effectively.
In February 2021, AirTest Technologies Inc. announces the introduction of the TR9700-wifi CO2, temperature, humidity, and pressure sensor, which is specifically suited for applications in school classrooms.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the segment that is majorly leading in the Global Advanced CO2 Sensors Market. We cover the major impacting factors that are responsible for driving the industry growth in the given geography.
Porter's Five Forces
The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Advanced CO2 Sensors Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Product Code: 30058

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW

3 EXECUTIVE SUMMARY

3.1 GLOBAL ADVANCED CO2 SENSORS MARKET OVERVIEW
3.2 GLOBAL ADVANCED CO2 SENSORS ABSOLUTE MARKET OPPORTUNITY
3.3 GLOBAL ADVANCED CO2 SENSORS MARKET ATTRACTIVENESS, BY REGION
3.4 GLOBAL ADVANCED CO2 SENSORSMARKET ATTRACTIVENESS, BY TYPE
3.5 GLOBAL ADVANCED CO2 SENSORS MARKET ATTRACTIVENESS, BY APPLICATION
3.6 GLOBAL ADVANCED CO2 SENSORS GEOGRAPHICAL ANALYSIS (CAGR %)
3.7 GLOBAL ADVANCED CO2 SENSORS MARKET, BY TYPE (USD MILLION)
3.8 GLOBAL ADVANCED CO2 SENSORS MARKET, BY APPLICATION (USD MILLION)
3.9 FUTURE MARKET OPPORTUNITIES
3.10 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 MARKET EVOLUTION
4.2 GLOBAL ADVANCED CO2 SENSORS MARKET OUTLOOK
4.3 MARKET DRIVERS
- 4.3.1 INCREASED EMISSION OF HAZARDOUS GASES FROM MULTIPLE INDUSTRIES
- 4.3.2 RISING ADOPTION OF GREEN BUILDING PRACTICES
- 4.3.3 RESTRAINTS
- 4.3.4 HIGH COST OF CO2 SENSORS
- 4.3.5 COMPLEXICITY AND SOME LIMITATIONS MAY RESTRAINT THE MARKET GROWTH
4.4 OPPORTUNITIES
- 4.4.1 CO2 SENSORS IN IOT APPLICATION
- 4.4.2 RISING ADOPTION IN FARMING
4.5 IMPACT OF COVID-19 ON GLOBAL ADVANCED CO2 SENSORS MARKET
4.6 PORTER'S FIVE FORCES ANALYSIS
- 4.6.1 BARGAINING POWER OF BUYERS
- 4.6.2 BARGAINING POWER OF SUPPLIERS
- 4.6.3 THREAT OF SUBSTITUTES
- 4.6.4 THREAT FROM NEW ENTRANTS
- 4.6.5 INTENSITY OF COMPETITIVE RIVALRY
4.7 MACROECONOMIC ANALYSIS
4.8 VALUE CHAIN ANALYSIS

5 MARKET, BY TYPE

5.1 OVERVIEW
5.2 NON-DISPERSIVE INFRARED ADVANCED CO2 SENSORS
5.3 CHEMICAL ADVANCED CO2 SENSORS

6 MARKET, BY APPLICATION

6.1 OVERVIEW
6.2 ENVIRONMENTAL
6.3 PETROCHEMICAL
6.4 AUTOMOTIVE
6.5 OTHERS

7 MARKET, BY GEOGRAPHY

7.1 OVERVIEW
7.2 NORTH AMERICA
- 7.2.1 NORTH AMERICA MARKET SNAPSHOT
- 7.2.2 U.S.
- 7.2.3 CANADA
- 7.2.4 MEXICO
7.3 EUROPE
- 7.3.1 EUROPE MARKET SNAPSHOT
- 7.3.2 GERMANY
- 7.3.3 U.K.
- 7.3.4 FRANCE
- 7.3.5 ITALY
- 7.3.6 SPAIN
- 7.3.7 REST OF EUROPE
7.4 ASIA PACIFIC
- 7.4.1 ASIA PACIFIC MARKET SNAPSHOT
- 7.4.2 CHINA
- 7.4.3 JAPAN
- 7.4.4 INDIA
- 7.4.5 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
- 7.5.1 LATIN AMERICA MARKET SNAPSHOT
- 7.5.2 BRAZIL
- 7.5.3 ARGENTINA
- 7.5.4 REST OF LATIN AMERICA
7.6 MIDDLE EAST AND AFRICA
- 7.6.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
- 7.6.2 UAE
- 7.6.3 SAUDI ARABIA
- 7.6.4 SOUTH AFRICA
- 7.6.5 REST OF MIDDLE EAST AND AFRICA

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 COMPETITIVE SCENARIO
8.3 COMPANY MARKET RANKING ANALYSIS
8.4 COMPANY INDUSTRY FOOTPRINT
8.5 COMPANY REGIONAL FOOTPRINT
8.6 ACE MATRIX
- 8.6.1 ACTIVE
- 8.6.2 CUTTING EDGE
- 8.6.3 EMERGING
- 8.6.4 INNOVATORS

9 COMPANY PROFILES

9.1 HONEYWELL
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY INSIGHTS
- 9.1.3 SEGMENT BREAKDOWN
- 9.1.4 PRODUCT BENCHMARKING
- 9.1.5 WINNING IMPERATIVES
- 9.1.6 CURRENT FOCUS & STRATEGIES
- 9.1.7 THREAT FROM COMPETITION
- 9.1.8 SWOT ANALYSIS
9.2 SIEMENS AG
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY INSIGHTS
- 9.2.3 SEGMENT BREAKDOWN
- 9.2.4 PRODUCT BENCHMARKING
- 9.2.5 KEY DEVELOPMENTS
- 9.2.6 WINNING IMPERATIVES
- 9.2.7 CURRENT FOCUS & STRATEGIES
- 9.2.8 THREAT FROM COMPETITION
- 9.2.9 SWOT ANALYSIS
9.3 TRANE
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY INSIGHTS
- 9.3.3 SEGMENT BREAKDOWN
- 9.3.4 PRODUCT BENCHMARKING
- 9.3.5 WINNING IMPERATIVES
- 9.3.6 CURRENT FOCUS & STRATEGIES
- 9.3.7 THREAT FROM COMPETITION
- 9.3.8 SWOT ANALYSIS
9.4 AMPHENOL CORPORATION
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY INSIGHTS
- 9.4.3 SEGMENT BREAKDOWN
- 9.4.4 PRODUCT BENCHMARKING
- 9.4.5 WINNING IMPERATIVES
- 9.4.6 CURRENT FOCUS & STRATEGIES
- 9.4.7 THREAT FROM COMPETITION
- 9.4.8 SWOT ANALYSIS
9.5 ATI AIRTEST TECHNOLOGIES INC
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 COMPANY INSIGHTS
- 9.5.3 PRODUCT BENCHMARKING
- 9.5.4 KEY DEVELOPMENTS
- 9.5.5 WINNING IMPERATIVES
- 9.5.6 CURRENT FOCUS & STRATEGIES
- 9.5.7 THREAT FROM COMPETITION
- 9.5.8 SWOT ANALYSIS
9.6 SENSIRION AG
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY INSIGHTS
- 9.6.3 SEGMENT BREAKDOWN
- 9.6.4 PRODUCT BENCHMARKING
- 9.6.5 KEY DEVELOPMENTS
9.7 FIGARO ENGINEERING
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY INSIGHTS
- 9.7.3 PRODUCT BENCHMARKING
9.8 GAS SENSING SOLUTIONS
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY INSIGHTS
- 9.8.3 PRODUCT BENCHMARKING
- 9.8.4 KEY DEVELOPMENTS
9.9 DIGITAL CONTROL SYSTEMS INC
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 COMPANY INSIGHTS
- 9.9.3 PRODUCT BENCHMARKING
9.10 ZHENGZHOU WINSEN (HENAN HANWEI)
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 COMPANY INSIGHTS
- 9.10.3 PRODUCT BENCHMARKING