Advanced CO2 Sensors Market is Estimated to Grow at a CAGR of 9.6% during 2019 – 2026, Says Accurize Market Research
Global Advanced CO2 Sensors Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 9.6% from 2019 to 2026. Europe, Middle East, and Africa hold the major market share in 2018, driven by rapid urbanization and economic development.
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Market Introduction and Market Dynamics
The need for better air pollution measurement systems, and growing industrialization and urbanization are the major factors supplementing the growth of the Advanced CO2 Sensors market. In addition, growth of the global construction industry has led to air pollution, which is also fueling the demand for carbon dioxide sensors globally. Rapid urbanization has led to surge in demand for construction of high-rise buildings in several large and medium-sized cities around the world. Also, projects for smart homes, transit systems, and megacities will support the market growth in the coming years. Hence, the rise in the construction of high-rise projects will definitely enhance the demand for advanced carbon dioxide sensors.
Market Segmentation and Crisp Analysis
The global Advanced CO2 Sensors market has been segmented into type, fitting, application, and geography. The type segment covers non-dispersive infrared (NDIR) Advanced CO2 Sensors, and chemical Advanced CO2 Sensors. Retrofit, and wall mount are the further classifications of fitting segment. By application, the market is divided into petrochemical, automotive, environment, and others. In the type segment, non-dispersive infrared (NDIR) Advanced CO2 Sensors accounted for the major shares of the Advanced CO2 Sensors market in 2018 due to the increase in sales. The segment is anticipated to dominate the market through the forecast period 2019 - 2026.
Regional Segmentation and Crisp Analysis
The global Advanced CO2 Sensors market has been segmented by geography into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico, and Canada are covered under North America wherein Europe covers UK, Italy, France, Germany, and others. Asia-Pacific covers China, India, Japan, Korea, and others. Rest of the world covers Central & South America, Middle East and Africa. Among various geographical regions, Europe, Middle East, and Africa accounted for majority of the revenue share in 2018, driven by growing urbanization in the region. Also, the region is expected to have attractive growth rate in the coming five to six years owing to economical development.
Manufacturers Competitive Analysis
The Advanced CO2 Sensors market is fragmented due to the presence of several small and dominant players. This report offers in-depth information on the competitive strategies adopted by Advanced CO2 Sensors manufacturers and also offers an analysis of the market’s competitive landscape. Major companies operating in the global Advanced CO2 Sensors market are Siemens AG, Honeywell, Sensirion AG, Trane, E + E ELEKTRONIK, Figaro, Gas Sensing Solutions, Amphenol Corporation, Digital Control System Inc, Ati Airtest Technologies Inc., Zhengzhou Winsen Electronics Technology Co., Ltd. (Henan Hanwei Electronics), Vaisala, SenseAir (Asahi Kasei), ELT SENSOR Corp., and Wuhan Cubic Optoelectronics, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
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