The scope of the report discusses the potential opportunities for the market players to enter the global CO2 gas sensor market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. It features the strategies adopted by the key market players to maintain their foothold in the market.
The CO2 gas sensor market is segmented on the basis of technology, end user, and region. By technology, the market is divided into infrared gas sensor, photo ionization sensor, electrochemical gas sensor, thermal conductivity gas sensor, metal oxide based gas sensor, catalytic gas sensor and others. By end user, the market is categorized into healthcare, consumer electronics, industrial and others. The industrial segment is further divided into automotive, aerospace & defense and others.
Region wise, the measurement and testing market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include CO2 gas sensor market players, such as ABB, Amphenol Corporation, Siemens AG, Honeywell, Sensirion AG, Murata, Vaisala, ELT SENSOR, Cubic Sensor and SenseAir (Asahi Kasei).
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the co2 gas sensor market analysis from 2021 to 2031 to identify the prevailing co2 gas sensor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the co2 gas sensor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global co2 gas sensor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Infrared Gas Sensor
- Photo Ionization Sensor
- Electrochemical Gas Sensor
- Thermal Conductivity Gas Sensor
- Metal Oxide based Gas Sensor
- Catalytic Gas Sensor
- Others
By End User
- Consumer Electronics
- Industrial
- Type
- Automotive
- Aerospace and Defense
- Others
- Others
- Heathcare
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Netherlands
- Belgium
- Poland
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Thailand
- Philippines
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amphenol Corporation
- Siemens AG
- Honeywell International Inc.
- Sensirion AG
- Murata Manufacturing Co Ltd.
- Vaisala
- ELT Sensors
- Cubic Sensor and Instrument Co, Ltd.
- ABB
- Asahi Kasei Microdevices Corp. (Senseair)
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: CO2 GAS SENSOR MARKET, BY TECHNOLOGY
4.1 Overview
4.1.1 Market size and forecast
4.2 Infrared Gas Sensor
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Photo Ionization Sensor
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Electrochemical Gas Sensor
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Thermal Conductivity Gas Sensor
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Metal Oxide based Gas Sensor
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Catalytic Gas Sensor
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: CO2 GAS SENSOR MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Heathcare
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Consumer Electronics
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Industrial
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.4.4 Industrial CO2 Gas Sensor Market by Type
5.4.4.1 Automotive Market size and forecast, by region
5.4.4.2 Aerospace and Defense Market size and forecast, by region
5.4.4.3 Others Market size and forecast, by region
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: CO2 GAS SENSOR MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Technology
6.2.3 North America Market size and forecast, by End User
6.2.3.1 North America Industrial CO2 Gas Sensor Market by Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Technology
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Technology
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Technology
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Technology
6.3.3 Europe Market size and forecast, by End User
6.3.3.1 Europe Industrial CO2 Gas Sensor Market by Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Market size and forecast, by Technology
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Technology
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Technology
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Technology
6.3.4.4.2 Market size and forecast, by End User
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Technology
6.3.4.5.2 Market size and forecast, by End User
6.3.4.6 Russia
6.3.4.6.1 Market size and forecast, by Technology
6.3.4.6.2 Market size and forecast, by End User
6.3.4.7 Netherlands
6.3.4.7.1 Market size and forecast, by Technology
6.3.4.7.2 Market size and forecast, by End User
6.3.4.8 Belgium
6.3.4.8.1 Market size and forecast, by Technology
6.3.4.8.2 Market size and forecast, by End User
6.3.4.9 Poland
6.3.4.9.1 Market size and forecast, by Technology
6.3.4.9.2 Market size and forecast, by End User
6.3.4.10 Rest of Europe
6.3.4.10.1 Market size and forecast, by Technology
6.3.4.10.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Technology
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.3.1 Asia-Pacific Industrial CO2 Gas Sensor Market by Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Technology
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Technology
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Technology
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Technology
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Technology
6.4.4.5.2 Market size and forecast, by End User
6.4.4.6 Malaysia
6.4.4.6.1 Market size and forecast, by Technology
6.4.4.6.2 Market size and forecast, by End User
6.4.4.7 Thailand
6.4.4.7.1 Market size and forecast, by Technology
6.4.4.7.2 Market size and forecast, by End User
6.4.4.8 Philippines
6.4.4.8.1 Market size and forecast, by Technology
6.4.4.8.2 Market size and forecast, by End User
6.4.4.9 Indonesia
6.4.4.9.1 Market size and forecast, by Technology
6.4.4.9.2 Market size and forecast, by End User
6.4.4.10 Rest of Asia-Pacific
6.4.4.10.1 Market size and forecast, by Technology
6.4.4.10.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Technology
6.5.3 LAMEA Market size and forecast, by End User
6.5.3.1 LAMEA Industrial CO2 Gas Sensor Market by Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Technology
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Technology
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Technology
6.5.4.3.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ABB
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Amphenol Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Siemens AG
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Honeywell International Inc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Sensirion AG
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Murata
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Vaisala
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 ELT SENSOR
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Cubic Sensor
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 SenseAir (Asahi Kasei)
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'CO2 Gas Sensor Market,' the co2 gas sensor market was valued at $271.23 million in 2021, and is estimated to reach $557.7 million by 2031, growing at a CAGR of 7.6% from 2022 to 2031.Gas sensors are the smart electronic devices that are used for detection and identification of various types of combustible and non-combustible gases in an indoor or outdoor environment. The sensors are interfaced with a control system, so it can detect a leakage and provide the initiating signal to shut down or raise an alarm. CO2 gas sensors are majorly used to detect gases such as carbon monoxide in applications such as infrared sensor, photo ionization sensor, and electrochemical sensor. These gas sensors are deployed in various end uses such as defense and military, and industrial automotive.
The advancement in IR sensor promotes the usage of infrared technology for gas detection. In addition, the incorporation of IoT in infrared gas detection has extended its penetration for the industrial use. For instance, the development of fully integrated, non-dispersive infrared gas sensor, which is constructed from engineered synthetic material known as meta-material, also the sensor has no moving parts with a very compact architecture. The integration of IoT in the sensors make it suitable for smart infrastructure. The CO2 analyzer and sensors including mq2 gas sensor, gas sensor arduino and others finds its end use in life-science and healthcare for application in medical diagnostics and monitoring equipment.
CO2 gas sensors have major deployment in industrial end use for detection of combustible gas leakages for safety and security. Further, penetration of IoT, artificial intelligence and machine learning in industries drives the market for gas sensor. The advancement of CO2 gas sensor for industrial grade creates lucrative opportunity for the CO2 gas sensor market growth. For instance, the CO2 gas sensor market trends show that non-dispersive infrared for carbon dioxide and portable small dimensioned photoionization detectors have gained widespread popularity over time. Furthermore, according to the CO2 gas sensor market analysis, crucial gas detection in industries such as oil & mining, mineral extraction, and others use gas sensors, owing to the penetration of autonomous systems. This drives the growth of CO2 gas sensor market share.
The CO2 gas sensor market overview indicates that Asia-Pacific has major penetration of CO2 gas sensor market size due to establishment of various industries such as oil & mining, construction, automotive manufacturing among others. The region includes China, Japan, India, South Korea, and rest of Asia-Pacific. Japan and China are technologically advanced countries, which exhibit high demand for smart gas sensors. Emerging countries, such as India, are expected to drive the market growth. However, the other underdeveloped countries are expected to hamper the growth of the Asia-Pacific region.
The CO2 gas sensor market key players profiled in the report include ABB, Amphenol Corporation, Siemens AG, Honeywell, Sensirion AG, Murata, Vaisala, ELT SENSOR, Cubic Sensor and SenseAir (Asahi Kasei). Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the CO2 gas sensor market.
KEY FINDINGS OF THE STUDY
In 2021, the infrared gas sensor segment was the major revenue contributor to the CO2 gas sensor industry, and is projected to grow at a notable CAGR of 9.64% during the forecast period.The healthcaresegment is projected to growth at a CAGR of 8.82% during the forecast period.
North America contributed for the major CO2 gas sensor market share, accounting for more than 47% share in 2021.
Key players profiled in the report include ABB, Amphenol Corporation, Siemens AG, Honeywell, Sensirion AG, Murata, Vaisala, ELT SENSOR, Cubic Sensor and SenseAir (Asahi Kasei). Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the CO2 gas sensor market.
Companies Mentioned
- Amphenol Corporation
- Siemens AG
- Honeywell International Inc.
- Sensirion AG
- Murata Manufacturing Co Ltd.
- Vaisala
- Elt Sensors
- Cubic Sensor and Instrument Co, Ltd.
- ABB
- Asahi Kasei Microdevices Corp.(Senseair)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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