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Global advanced CO2 sensors market: 33% CAGR between 2012-2016
Global Advanced CO2 Sensors Market 2012-2016 - a new market research report on 2014-03-04 05:37:02
The Global Advanced CO2 Sensors market is to grow at a CAGR of 32.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for location-specific CO2 sensors. The Global Advanced CO2 Sensors market has also been witnessing the increasing institutional usage of CO2 sensors. However, the high cost of advanced CO2 sensors could pose a challenge to the growth of this market.

The exponential adoption of automobiles and electronic goods is encouraging numerous institutions and organizations to install and track CO2 emissions from their operations. As a result, numerous manufacturing facilities are fitting CO2 sensors as a standard practice. Moreover, the institutions and organizations that are involved in environmental pollution control and measuring CO2 emissions in the surroundings are becoming highly active in these practices. Therefore, CO2 sensors are gaining traction in the global market. In this aspect, many of these institutions have begun to use advanced CO2 sensors because of the various inherent benefits.

In general, CO2 sensors are calibrated to operate at sea levels irrespective of the location where these sensors are going to be deployed. The variation in air pressure at different altitudes is leading to issues in measuring the concentration of CO2 at different altitudes. Moreover, professionals using these sensors are experiencing difficulties because of the decisions influenced by these improperly calibrated CO2 sensors. As a result, end-users are demanding for advanced CO2 sensors that are properly calibrated according to the altitude of the location where the sensor is going to be deployed.

The key factor hindering the growth is the high cost of advanced CO2 sensors. The increasing complexity in the manufacturing of advanced CO2 sensors combined with the high cost is leading the market to a deadlock situation where customers need it but do not perceive any value in the high cost of the devices.

Key vendors dominating Global Advanced CO2 Sensors market include Digital Control Systems Inc., GE Measurement and Control Solutions, Honeywell International Inc., and Johnson Controls Inc. Other vendors mentioned in the report are AirTest Technologies Inc., Balluff GmbH, Banner Engineering Corp., Pepperl+Fuchs GmbH, SICK AG, Siemens Industry Inc., Hans Turck GmbH and Co. KG, Vaisala Inc., and Veris Industries Inc.

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