CO2 Gas Sensor Market Research, 2031
The global CO2 gas sensor market was valued at $271.2 million in 2021, and is projected to reach $557.7 million by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
A gas sensor is a device that detects the presence or concentration of gases in the atmosphere or environment. Based on the concentration of gases in the environment, the gas sensor displays a change in resistance of the material used in the sensor, which in turn is used to measure output voltage. Based on this change in voltage value, the type and concentration of gas is detected. CO2 gas sensors are meant to detect carbon dioxide and air quality. These sensors detect and measure the concentration of CO2 and can change the concentration of an analyte gas into an electronic or electrical signal. These sensors are used in various industries ranging from medicine, defense & military, energy, and aerospace.
The co2 gas sensor market is segmented into Technology and End User.
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. The electrochemical gas sensor segment was the highest revenue contributor to the market in 2021.
By end user, the market is categorized into healthcare, consumer electronics, industrial and others. The industrial segment was the highest revenue contributor to the market in 2021.
Region wise, the CO2 gas sensor 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 need to constantly monitor and control gas emissions by various industrial processes, creates a requirement for gas sensors. The various uses of CO2 analyzer and gas sensors such as gas sensor arduino, mq2 gas sensor and othersvary across a wide range from industrial to domestic end uses. For instance, monitoring air pollution, chemical processes, and exhaust from combustion engines are the various applications for gas sensor installation. In recent years, several types of gases have been used in different industries as raw materials. It becomes important to control and monitor these gases, as there is a huge risk of damage to property and human lives. Certain gases are corrosive, explosive, or can be toxic for human beings. The mentioned factors assist in the market expansion of gas sensors by creating its demand under various industry verticals such as automotive and industrial.
Significant factors that impact the CO2 gas sensor market growth include increase in need for air quality monitoring in smart cities. Moreover, rapid growth in government standards and regulations concerning emission control is expected to proide lucrative opportunities for the growth of CO2 gas sensor market size. However, high initial cost of the device is projected to hamper the growth of the market. On the contrary, growing trend toward internet of things (IoT) is offering potential growth opportunity for the CO2 gas sensor market share during the forecast period.
The key players of CO2 gas sensor industry profiled in the report include ABB, Amphenol Corporation, Siemens AG, Honeywell, Sensirion AG, Murata, Vaisala, ELT SENSOR, Cubic Sensor and SenseAir (Asahi Kasei) are provided in this report.
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 opportunity.
- 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 outlook 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, CO2 gas sensor market forecast and market growth strategies.
CO2 Gas Sensor Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 557.7 million |
 Growth Rate | CAGR of 7.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 212 |
 By Technology |
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 By End User |
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 By Region |
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 Key Market Players | Sensirion AG, Murata Manufacturing Co Ltd., Vaisala, Siemens AG, Amphenol Corporation, ELT Sensors, Honeywell International Inc., Cubic Sensor and Instrument Co, Ltd., ABB, Asahi Kasei Microdevices Corp.(Senseair) |
Analyst Review
The CO2 gas sensor market holds high potential in the consumer electronics, industrial, and defense & military sector. The current business scenario experiences rapid development in smart infrastructure and smart devices leading to the readiness to adopt this technology, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative features.
The CO2 gas sensors market holds a substantial scope for growth. Its contribution to the global market is expected to increase significantly. Increase in demand air quality controllers, toxic air and smoke detection and rise in government regulations and standards toward emission control, is expected to surge the market demand during the forecast period, especially in the U.S. and Europe. However, high development costs of CO2 gas sensor act as the major restraint for the CO2 gas sensor market.
CO2 gas sensors have a wide range of end uses in healthcare, industrial sector, and consumer electronics to provide comfort, early detection, and a user-friendly interface. The growth of emission control system in the market is the major factor driving the growth of the gas sensors market.
The key players profiled in the report include CO2 gas sensor market players, such as EnerSys, BYD Company Limited, EVE Energy Co., Ltd., Siemens AG, LG Energy Solutions Co., Ltd., Kokam, Narada Asia Pacific Pte. Ltd., ABB Ltd., Tesla, Fluence Energy, Inc., General Electric, TotalEnergies, Tata Power Company Limited, Samsung SDI Co., Ltd., Nissan Motor Co., Ltd., VRB Energy and Black & Veatch Holding Company.
The major application of CO2 gas sensor is considered to be in the industrial sector.
Asia-Pacific is estimated to be the largest regional market for CO2 gas sensor.
The global CO2 gas sensor market was valued at $271.2 million in 2021.
The top companies to hold the CO2 gas sensor market share are ABB, Amphenol Corporation, Siemens AG, Honeywell and others.
The CO2 gas sensor market is expected to grow at a CAGR of 7.57% during the forecast period.
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