Boom Box Industry 2016 Market Share, Size, Trends and Growth

Advanced CO2 sensors help to monitor the intensity of CO2 in different mediums like air or water and can adjust automatically to changes in temperature, humidity, and altitude. This market is an integral part of the global sensors market and is heavily influenced by the augmented demand for location-based advanced CO2 sensors, which results in its impressive CAGR of nearly 42% by 2019.

Technavioa€™s market research analyst has estimated eminent trends, such as the rising need for better air pollution measurement systems, to drive market growth during the forecast period. Recent innovations in the electronic industry have resulted in the increased emission of hazardous gases, which leads to global warming. Therefore, in order to effectively measure and monitor the intensity of CO2 in the atmosphere, environmental scientists across the globe are increasingly adopting advanced CO2 sensors.

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Segmentation by type and analysis of the advanced CO2 sensors market

NDIR CO2 sensors

Chemical CO2 sensors

In this market analysis, analysts estimate the non-dispersive infrared (NIDR) CO2 sensors segment to account for nearly 89% of the total market share by 2019.a The long lifespan, stability, and high humidity and dirt-withstanding nature of IR sensors are responsible for its high market share during the forecast period.

Geographical segmentation of the advanced CO2 sensors market

APAC

EMEA

Americas

In terms of revenue contribution, the EMEA region is expected to dominate this market during the forecast period followed by the Americas and the APAC region. The rising incorporation of advanced CO2 sensors in smart buildings is a major factor that is expected to result in this regiona€™s high revenue share between the period of 2014 and 2019.

Competitive landscape and key vendors

This global advanced CO2 sensors market is highly...