Technavio, a tech-focused market research company, has published a new report on the global advanced Co2 sensors market, which is estimated to grow at a CAGR of close to 50% during the forecast period 2017-2021.
Based on geographical division, Technavio market researchers categorize the global advanced Co2 sensors market into the following important regions: the Americas, APAC, and EMEA.
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Advanced CO₂ sensors market in EMEA: The advent of rapid industrialization and increasing adoption of CO₂ sensors in the automotive industry will attribute to the growth of the market in EMEA. Countries like Germany, France, the UK, and Russia will emerge as the key revenue generators in the EMEA market during the forecast period.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “The growth in the construction industry due to rise in spending on building and renovating homes will propel the demand in the EMEA market. The vendors in the market are focusing on deploying these sensors in residential and commercial buildings to increase their sales and expand their consumer base. Such developments will help EMEA maintain its market share over the next few years.”
Advanced CO₂ sensors market in Americas: The growing number of residential construction projects, health care facilities, hotel projects, and commercial building projects in the Americas is driving the growth of the market in this region. The increasing adoption of advanced CO₂ sensors as the energy-saving potential for buildings will help the vendors launch innovative products in the American market. The US and Canada will lead the American market during the forecast period.
Advanced CO₂ sensors market in APAC: The increasing demand for power, infrastructure, and the economic growth will make APAC the fastest growing region in the global market. Developing countries like China, India, South Korea, Taiwan, Singapore, and Malaysia have the high demand for these sensors. The increasing government initiative projects to promote urbanization will boost the sales of these sensors in the region.
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The top vendors operating in the global advanced Co2 sensors market are:
- Amphenol Advanced Sensors
- Digital Control Systems
- Honeywell International
- Johnson Controls
Other prominent vendors in the market include AirTest Technologies, Balluff, Banner Engineering, Pepperl+Fuchs, SICK AG, Siemens Industry, SenseAir, Vaisala, and Veris Industries.
A more detailed analysis is presented in the Technavio report titled, ‘Global Advanced Co2 Sensors Market 2017-2021’. Technavio also customizes reports by other regions and specific sections upon request.
Other related reports:
- Global Autonomous Vehicle Sensors Market 2017-2021
- Global Automotive Powertrain Sensors Market 2017-2021
- Global Exhaust Pressure Sensor Market 2016-2020
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