Advanced CO2 Sensors Market is Estimated to Grow at a CAGR of 9.6% during 2019 – 2026
Global Advanced CO2 Sensors Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 9.6% from 2019 to 2026. Europe, Middle East, and Africa holds the major market share in 2018, driven by rapid urbanization and economic development.
Market Introduction and Market Dynamics
The need for better air pollution measurement systems, and growing industrialization and urbanization is the major factor supplementing the growth of the Advanced CO2 Sensors market. In addition, growth of the global the construction industry has led to air pollution, which is also fueling the demand for carbon dioxide sensors globally. Rapid urbanization has led to a surge in demand for construction of high-rise buildings in several large and medium-sized cities around the world. Also, projects for smart homes, transit systems and megacities will support the market growth in the coming years. Hence, the rise in the construction of high-rise projects will definitely enhance the demand for advanced carbon dioxide sensors.
Market Segmentation and Crisp Analysis
The global Advanced CO2 Sensors market has been segmented into type, fitting, application, and geography. The type segment covers non-dispersive infrared (NDIR) Advanced CO2 Sensors, and chemical Advanced CO2 Sensors. Retrofit and wall mount is the further classifications of the fitting segment. By application, the market is divided into petrochemical, automotive, environment, and others. In the type segment, non-dispersive infrared (NDIR) Advanced CO2 Sensors accounted for the major shares