Press release
Carbon Dioxide Sensors Market - Technology Innovation Along With Enhanced Manufacturing Processes And Embedded Electronics
GlobalCarbon Dioxide Sensormarket is segmented by type into Nondispersive Infrared (NDIR) Carbon Dioxide Sensor and Chemical Carbon Dioxide Sensor. Nondispersive Infrared (NDIR) Carbon Dioxide Sensor is generally usedin applications where direct temperature is not applicable. In addition, by end user, the Carbon Dioxide Sensormarket is segmented into automotive industry, building automation industry, home appliances andmedical industry,. Moreover, by application, the Carbon Dioxide Sensormarket is segmented into powertrain, exhaust, safety and control, telematics, anesthesia monitors, respirators and carbon oxideconcentrators.
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Rising need for cost-effective medical facilities in developing regions of Asia-Pacific coupled with technological advancements in medical industry are some important factors driving the Carbon Dioxide Sensor market. Technology innovation along with enhanced manufacturing processes and embedded electronics is anticipated to drive the Carbon Dioxide Sensormarket.Rising consciousness of pollution free environment and safety requirements is driving the growth of Carbon Dioxide Sensor market and is dominating the automotive industry. Increasing demand for Carbon Dioxide Sensor as an effective substitute for other costly gas and high range exhaust sensors such as Nitrogen Oxide (NOx) is also an important factor to drive the Carbon Dioxide Sensor market. Competition in this niche segment of Carbon Dioxide Sensor market is intensified with product development, patent holdings and manufacturing process as a part of competitive advantage strategy. Prominent growth of commercial vehicle is estimated to boost the diesel vehicle market, which in turn is acting as a propellant in the growth of Carbon Dioxide Sensor market at a significant pace.Increasing demand of exhaust sensor and gas sensors in automotive industry is acting as a driving factor in the growth of Carbon Dioxide Sensor market. Stringent laws and new rules pertaining to environmental standards are giving rise to increase in demand for Carbon Dioxide Sensor market. This is also acting as a driver in the growth of Carbon Dioxide Sensor market globally.
Reduction of carbon emissions and use of alternatives such as shale gas used for power generation is estimated to restrict the carbon dioxide sensor market from reaching its full potential. A wide range of alternate methods such as electrochemical/galvanic, infrared , catalytic and ultrasonic are in tandem with Carbon Dioxide Sensor. Technological and product innovation in infrared, catalytic and ultrasonic technologies among others as a part of product development strategy is much more reliable, efficient and hence, this is fast replacing the demand of Carbon Dioxide Sensor market. This is acting as a restraining factor in the growth of Carbon Dioxide Sensor market. Key Manufacturers are continuously focusing on developing various specialized sensors based on various functionalities such as emission sensor and gas sensor among others, as a part of their competitive advantage strategy.
By geography, the Carbon Dioxide Sensor market has been segmented into various regions namely Asia-Pacific (APAC), Europe, North America and Middle East and Africa and South America. Europe leads the Global Carbon Dioxide Sensor market followed by Asia-Pacific (APAC) and North America. Emission Control standards and regulatory initiatives for Clean and Green environment and Hazardous environmental conditionsare expected to drive the Carbon Dioxide Sensor in automotive industry in Asia-Pacific(APAC), Europe and North America. China and India are the emerging market in Asia-Pacific (APAC) region. France, UK and Germany are the leading contributor in European region.
Various key players of Carbon Dioxide Sensor market include Digital Control Systems, Pepperl+Fuchs GmbH, GE, Honeywell, Johnson Controls, AirTest Technologies, Balluff GmbH, SICK AG, Siemens Industry, SenseAir AB, Hans Turck GmbH & Co. KG, VaisalaInc .and Veris Industries Inc. among others.
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