Albany, NY -- (SBWIRE) -- 03/14/2019 -- A carbon dioxide sensor or CO2 sensor is an instrument for the measurement of carbon dioxide gas. The most common principles for CO2 sensors are infrared gas sensors (NDIR) and chemical gas sensors. Measuring carbon dioxide is important in monitoring indoor air quality, the function of the lungs in the form of a capnograph device, and many industrial processes.

Scope of the Report:
- This report focuses on the Advanced CO2 Sensors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- In the next five years, the Europe consumption of Advanced CO2 Sensors will maintain a 13%-18% annual growth rate, consumption is expected to beyond 903963 units in 2021, the average operating rate will remain at 70% to 90%.

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Demand is driven by demographics and the health of the economy. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs. Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on certain geography.

European production is concentrated in, especially in Western Europe. Western Europe accounts about 60% share of the global production in 2015, followed by Nordic Countries and Eastern Europe.

Due to the government positive policy in sensor industry in China, there is a higher growth of Advanced CO2 Sensors production during 2016 to 2020. Currently there are more and more manufacturers want to take a position of Europe advanced CO2 market. Though Chinese companies have low price advantage, the quality of domestic products is relatively poor.

Although sales of Advanced CO2 Sensors brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Advanced CO2 Sensors field hastily.

Market Segment by Manufacturers, this report covers
- Siemens AG
- Amphenol Corporation
- Honeywell
- Johnson Controls
- E + E ELEKTRONIK
- Vaisala
- SenseAir
- SICK AG
- Trane
- Gas Sensing Solutions

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Market Segment by Type, covers
- NDIR CO2 Sensors
- Chemical CO2 Sensors

Market Segment by Applications, can be divided into
- Medical
- Petrochemical
- Automotive
- Environmental

Building automation and domestic appliance
- Industrial
- Others

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