Market Overview
The Advance CO2 Sensor in Europe Market is growing continually. The market growth attributes to the augmenting demand for location-based advanced CO2 sensors. Besides, the rising need for better air pollution measurement systems drives the development of the market. Advanced CO2 sensors are an integral part of pollution monitoring systems to measure CO2 levels in different mediums like air or water. Moreover, increased institutional usage of CO2 sensors escalates market growth.
According to Market Research Future (MRFR), Europe Advance CO2 Sensor market valuation is expected to scale up to USD 3.6 BN by 2021, growing at 14.6% CAGR throughout the forecast period (2016-2021). Continual programs are undertaken by the European Union’s Copernicus Earth observation agency, such as mapping of global CO2 emissions and mapping Antarctica’s ‘green snow’ from space and rising budgets to enable CO2 mapping program influence the regional market growth heavily.
Additionally, increased government initiatives and regularization to control air pollution levels substantiate the growth of the market. Besides, the rising demand and usages of advanced CO2 sensors in various applications supported by the governments of countries across the region boost the market growth in the region. Also, advancements in geologic carbon storage and geothermal exploration systems designed to capture the carbon pollution from the burning of fossil push the development of the Advance CO2 Sensor in Europe Market.
Furthermore, the resurging O&G industry, high demand for crude oil, and recent discoveries of oil reservoirs in the region define the growing landscape of the market. Moreover, the spurting growth in various sectors, including automotive, food & beverages, and chemicals, foster the growth of the market. Conversely, stringent safety norms and standards for product approval are the major factors estimated to impede the market growth. Nevertheless, recently increased interest in shale gas extraction would support the market growth throughout the assessment period, creating a substantial demand.
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Europe Advance CO2 Sensor Market – Segmentation
The report is segmented into three dynamics;
By Type : NDIR Sensor, Chemical Sensor, and others.
By Application : Medical, Petrochemical, Automotive, Environmental, and others.
By Regions : The UK, Germany, France, Italy, Sweden, and the Rest-of-Europe.
Europe Advance CO2 Sensor Market – Regional Analysis
Germany dominates the Europe Advance CO2 Sensor market. The largest market share attributes to stringent regulations to control increasing pollution levels across the region. Besides, rising technological advances and industries drive the growth of the market. Moreover, increasing uptake of advanced CO2 sensors in various burgeoning industries such as O&G, F&B, chemicals, and automotive impacts the market growth positively. Germany is projected to retain its dominance over the European advanced CO2 sensor market throughout the assessment period.
The UK is another lucrative market for the advanced CO2 sensor, globally. The market is driven by the increasing exploration activities and recent discoveries of large oil and gas reservoirs. Additionally, safe ecological standards implemented by the European Environment Protection Agencies Network (EPA Network) increase sales in the market, creating a massive demand for CO2 sensors. Besides, well-established hydrocarbon reserves and investments made to explore new resources substantiate the growth in the market.
The advanced CO2 sensor market in Norway is emerging as a promising market. Factors such as the growing automotive, food & beverages, and chemicals industries propel market growth. Moreover, recent discoveries of large oil and gas reservoirs boost market growth, increasing exploration activities. The drastic shift towards the increasing eco-awareness and environment protection push the growth of the market.
Advanced CO2 Sensor Market – Competitive Analysis
The European advanced CO2 sensor market appears highly competitive due to the presence of several well-established players. Matured players incorporate strategic approaches such as mergers & acquisitions, collaborations, expansion, and product & technology launch to gain a larger competitive advantage.
Major Players:
Players leading the European advanced CO2 sensor market include Honeywell International Inc.(US), Amphenol Corporation (US), Johnson Control (Ireland), Ati Airtest Technologies Inc. (US), Simens AG (Germany), Sick AG (Germany), Trane ( Subsidiary of Ingresoll Land) (Ireland), Gas Sensing Solution (UK), Senseair AB (Sweden), Bluesens (Germany), E+E Elektronik (Austria), Digital Control System Inc. (US), and Vertiss Industries (US), among others.
Table Of Contents: Europe Advance CO2 Sensor Market
- Executive Summary
- Scope Of The Report
- Research Methodology
- Europe Advance CO2 Sensor Market Landscape
- Pipeline Analysis
- Five Forces Analysis
- Europe Advance CO2 Sensor Market Segmentation
- Customer Landscape
- Regional Landscape
- Decision Framework
- Drivers And Challenges
- Europe Advance CO2 Sensor Market Trends
- Vendor Landscape
- Vendor Analysis
- Appendix
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