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Advanced Carbon Dioxide Sensors Market size is set to grow by USD 328.6 million from 2024-2028, Proliferation of advanced submersible carbon dioxide sensors in emerging market boost the market, Technavio

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NEW YORK, July 2, 2024 /PRNewswire/ — The global advanced carbon dioxide sensors market size is estimated to grow by USD 328.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.17% during the forecast period. Proliferation of advanced submersible carbon dioxide sensors in emerging market is driving market growth, with a trend towards increase in institutional use of advanced carbon dioxide sensors. However, complex operations of advanced carbon dioxide sensors poses a challenge. Key market players include Aeroqual Ltd., Airtest Technologies Inc., AMETEK Inc., Amphenol Corp., Asahi Kasei Corp., Cubic Sensor and Instrument Co. Ltd., Digital Control Systems Inc., E E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd., Honeywell International Inc., Infineon Technologies AG, Johnson Controls, NEW COSMOS ELECTRIC Co. Ltd., RKI Instruments Inc., Schneider Electric SE, Sensirion AG, Siemens AG, Trane Technologies plc, Trolex Ltd., and Vaisala Oyj.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Advanced Carbon Dioxide Sensors Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.17%

Market growth 2024-2028

USD 328.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.56

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 28%

Key countries

US, China, Germany, UK, and United Arab Emirates

Key companies profiled

Aeroqual Ltd., Airtest Technologies Inc., AMETEK Inc., Amphenol Corp., Asahi Kasei Corp., Cubic Sensor and Instrument Co. Ltd., Digital Control Systems Inc., E E Elektronik Ges.m.b.H, Gas Sensing Solutions Ltd., Honeywell International Inc., Infineon Technologies AG, Johnson Controls, NEW COSMOS ELECTRIC Co. Ltd., RKI Instruments Inc., Schneider Electric SE, Sensirion AG, Siemens AG, Trane Technologies plc, Trolex Ltd., and Vaisala Oyj

Market Driver

Advanced carbon dioxide sensors offer significant benefits for various sectors, including schools, research laboratories, and government facilities. These sensors improve indoor air quality, save energy, and monitor toxic carbon dioxide levels. In educational institutions, they maintain appropriate ventilation, reducing absenteeism and enhancing student performance. For buildings, they ensure optimum performance and lower energy costs, reducing greenhouse gas emissions. The integration of advanced carbon dioxide sensors into smart homes is also increasing, driven by the need to monitor indoor carbon dioxide levels. These factors are expected to fuel the growth of the global advanced carbon dioxide sensors market. 

The Advanced Carbon Dioxide Sensors market is experiencing significant growth due to increasing demand for CO2 monitoring in various industries. Companies are focusing on developing advanced technologies such as FOSS (Fuel Cell Sensor System) and CARbon MONitoring SYstem (CAMS) to enhance sensor efficiency and accuracy. These sensors are used in temperature control systems, industrial processes, and environmental monitoring. The use of these sensors in the automotive industry is also on the rise, as regulations for reducing emissions become stricter. Additionally, the integration of AI and machine learning algorithms in carbon dioxide sensors is a trend that is gaining popularity, as it enables real-time analysis and predictive maintenance. Overall, the market for advanced carbon dioxide sensors is expected to continue growing due to the increasing need for CO2 monitoring and the development of more efficient and accurate sensor technologies. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The advanced carbon dioxide sensors market faces challenges due to their complex functionality. End-users struggle to understand operations, leading to inability to assess performance. High service charges and lack of trust in service professionals hinder adoption. Reasons include compatibility with HVAC systems, critical sensor placement, measurement errors, and altitude-based issues. Periodic maintenance is necessary for acceptable air quality. Uncertainty around relying on sensors for critical decisions due to altitude variations poses a significant challenge to market growth.The Advanced Carbon Dioxide Sensors Market faces several challenges. One major challenge is the need for high accuracy and sensitivity in measuring low levels of CO2. Another challenge is the requirement for long-term stability and durability in sensors, especially in harsh environments. Additionally, cost-effectiveness is a significant concern, as is the need for easy integration with other systems. Furthermore, regulatory compliance and safety standards add complexity to the market. Lastly, the increasing demand for real-time monitoring and automation in various industries drives the need for advanced sensor technologies.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This advanced carbon dioxide sensors market report extensively covers market segmentation by

Product 1.1 NDIR1.2 ChemicalFitting 2.1 Wall-mount2.2 RetrofitGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 NDIR- The NDIR advanced carbon dioxide sensors segment is experiencing steady growth, driven by the construction industry’s expansion. These sensors, consisting of an IR lamp, optical filter, and detector, offer benefits such as durability and stability over chemical sensors. NDIR sensors’ ability to measure carbon dioxide through IR techniques and their long lifespan make them preferred choices. Vendors like Amphenol Corp. Offer compact, low-power sensors for specific applications, contributing to market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Facilities Management Market is experiencing significant growth due to the increasing demand for integrated services across various sectors. The market’s expansion is driven by the need for efficient management of facilities and the adoption of advanced technologies. Similarly, the global Industrial HVAC Market is also on an upward trajectory, propelled by rising industrialization and stringent environmental regulations. Innovations in energy-efficient systems are further enhancing market prospects. Both markets are benefiting from the trend towards automation and the emphasis on sustainability, reflecting a broader shift towards more efficient and eco-friendly industrial practices.

Research Analysis

The Advanced Carbon Dioxide Sensors market is experiencing significant growth due to the increasing awareness of air pollution and the need for stringent regulations to combat hazardous gases such as carbon dioxide, methane, nitrous oxide, and fluorinated gases. Cash flow analysis and profit ratio analysis are crucial factors in the market’s attractiveness analysis. Advanced CO2 sensors play a vital role in monitoring and reducing greenhouse gas emissions from various industries, including land use and combustion processes. The sensors help in the holistic evaluation of carbon emissions and contribute to the mitigation of rising sea levels and higher temperatures caused by heat-trapping gases. Modifications in existing systems and the integration of new technologies are key factors driving market growth.

Market Research Overview

The Advanced Carbon Dioxide Sensors market is experiencing significant growth due to the increasing demand for accurate and real-time CO2 monitoring solutions. These sensors are essential in various industries such as healthcare, food and beverage, and industrial processes. The market is driven by factors like stringent regulations, rising awareness of indoor air quality, and technological advancements. The sensors use various technologies like infrared, electrochemical, and capacitive sensors to measure CO2 levels. The market is segmented based on application, technology, and end-user. The electrochemical technology segment holds a major share in the market due to its high accuracy and sensitivity. The market is expected to grow at a CAGR of over 7% during the forecast period.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductNDIRChemicalFittingWall-mountRetrofitGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Precision Meets Power: Vantage Marks 15 Years with New Anniversary Video, “The Ultimate Trading Machine”

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PORT VILA, Vanuatu, Nov. 14, 2024 /CNW/ — Celebrating 15 years of excellence, leading multi-asset broker Vantage Markets (or “Vantage”) has launched a video titled “The Ultimate Trading Machine*”, a tribute to 15 years of innovation, precision, and the relentless pursuit of empowering traders globally. The video encapsulates Vantage’s journey and reflects the bold, ambitious spirit of the brand.

 

“In the pursuit of excellence, precision and speed are everything,” the video states. For 15 years, Vantage has been at the forefront of innovation, continuously evolving to meet the needs of traders. From launching tools like the proprietary mobile app and Copy Trading platform, to integration with TradingView. In a latest assessment done by Investing.com, Vantage emerged top across multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections. Vantage has consistently set new standards, solidifying its position as a global leader in online trading.

Since its inception, the company has secured licences in the UK, Australia, South Africa, the Cayman Islands, and Vanuatu, establishing itself as a trusted and regulated broker. Through the years, Vantage has been committed to being a model brand for traders, forging partnerships with esteemed organisations such as NEOM McLaren Extreme E, UNESCO, and UNHCR, ensuring that it contributes positively to society as well.

“For 15 years, Vantage has fueled ambition with tools that empower traders to unlock their full trading potential,” said Marc Despallieres, Chief Strategy and Trading Officer. “The Ultimate Trading Machine’ isn’t just a tagline—it’s our dedication to precision and progress.”

Geraldine Goh, Chief Marketing Officer, added, “This video captures Vantage’s journey—15 years of innovation, ambition, and dedication to empowering traders. Our goal is to inspire traders to aim higher, knowing Vantage will always be there, pushing the limits alongside them.”

Vantage’s journey continues with a focus on setting new industry standards, delivering cutting-edge features, and empowering traders to succeed.

Experience Vantage’s 15-year journey and see “The Ultimate Trading Machine” in action here.

Learn more about Vantage’s 15 anniversary here.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

*’The Ultimate Trading Machine’ is a marketing term and does not imply guaranteed performance.

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SOURCE Vantage

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J&T Express Exceeds 100 Million Global Parcels Handled in a Single Day During Double 11, Driven by Strong Growth Across Multiple Regions

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HONG KONG, Nov. 14, 2024 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced a new milestone in its growth trajectory, surpassing 100 million parcels handled worldwide in a single day during this year’s Double 11 shopping festival on November 12th.

Double 11 is a traditional peak season for China and Southeast Asia. From October 20 to November 12, J&T Express saw significant growth in parcel volume in both markets. In China, the daily average parcel volume during this period reached nearly 66 million, a 25% year-over-year (“YoY”) increase, setting a new record. In Southeast Asia, the daily average parcel volume from November 1 to 11 exceeded 15 million, marking an impressive 73% YoY growth.

In anticipation of the expected surge in parcel volumes during the multiple year-end shopping festivals, J&T Express implemented early preparations across various markets, increasing investment in infrastructure and human resources to ensure operational efficiency and service quality. In China, based on business forecasts and actual production needs, J&T upgraded and renovated 32 sorting centers nationwide, expanding operating areas and improving timeliness. Over 600 distribution hubs and outlets were also upgraded across the country, with over 400 sets of automated equipment deployed to enhance operational capacity and effectively manage the peak parcel volume.

Benefiting from the vast growth potential of Southeast Asian markets and close collaboration with e-commerce clients, J&T Express anticipated the increase in e-commerce parcel volume during Double 11 and made proactive preparations. In September and October, J&T Express Vietnam deployed over 300 trucks, and the company constructed its largest sorting center in North Vietnam, equipped with advanced operating technology and equipment, which officially commenced its operations. This center boasts a parcel handling accuracy rate of 99.99%, significantly enhancing operational efficiency.

In Thailand, J&T Express upgraded four sorting centers and five distribution hubs, adding over 13 sets of automated equipment to boost operational capacity. As a result, the peak processing capacity of sorting centers increased by approximately 25%, and the distribution hubs saw a 20% improvement. Furthermore, J&T Express Thailand expanded its sorting area by approximately 19,000 square meters, added over 900 transport vehicles, and recruited over 3,800 personnel to meet the growing demand of sorting, delivery, and customer service sectors.

In other new markets, Black Friday (November 29th) marks the largest logistics peak season in Latin America. J&T Express has observed a significant upward trend in parcel volumes in Brazil and Mexico. To address the upcoming peak, J&T Express in both countries has proactively invested in infrastructure and human resources, upgrading automated equipment to meet the high-quality express service demands of both clients and consumers.

“J&T Express exceeding 100 million global parcels handled in a single day during Double 11, setting a historic record, demonstrates our robust operational capabilities and unwavering commitment to serving our global customers,” said Charles Hou, Vice President of J&T Express. “We will continue to invest in infrastructure and resource allocation across various markets, focusing on network optimization and service enhancement to ensure efficient and reliable logistics services for global users during peak seasons, meeting the ever-growing global market demands.”

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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CHINT’s CHX120 Integrated DC Meters Offer a Reliable and Precise Solution

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SHANGHAI, Nov. 14, 2024 /PRNewswire/ — (CHINT )The global shift towards electric vehicles (EVs) and renewable energy solutions has increased the demand for accurate and reliable DC metering technologies. DC meters play a crucial role in charging systems, where precise energy measurement is vital to ensure transparency, efficiency, and fairness for both operators and consumers.

DC meters are primarily designed for electric vehicle charging stations, where high precision and reliability are essential. The CHINT CHX120 is an innovative DC meter designed specifically for EV charging stations and other high-demand DC metering environments. Key features include:

Integrated Design: Shunt and meter combined in a single unit, reducing space and simplifying installation.High-Precision Measurement: Accurate readings for both forward and reverse energy flows, ensuring reliable billing.Multi-Tariff and Time Period Support: Supports up to 12 tariffs and 24 time periods for flexible energy pricing.Intelligent Temperature Monitoring: Monitors temperature to ensure safe operation and extend equipment lifespan.Strong Communication Compatibility: Compatible with RS-485, Modbus, and other protocols for seamless system integration.Diverse Shunt Specifications: Offers various shunt sizes, supporting currents up to 650A for high-power applications.Dual Sealing: Features physical and electronic seals for enhanced security and tamper resistance.Strong Data Storage Functionality: Stores up to 100 charging cycles and preserves data for 10 years during power outages.

The CHX120 is perfect for electric vehicle charging stations and other DC metering scenarios where high precision, safety, and reliability are crucial. It is particularly suited for high-power charging applications and systems requiring robust performance and long-term data storage.

In summary, DC meters are essential components in modern energy systems, particularly in electric vehicle charging infrastructure. Their ability to accurately measure energy consumption, communicate data remotely, and integrate seamlessly into complex systems makes them invaluable for both operators and consumers. The CHINT CHX120 is a standout DC energy meter that combines cutting-edge technology with practical design, offering a reliable and precise solution for today’s DC metering needs.

By understanding the principles, technology, and application of DC meters, businesses and consumers can make informed decisions to optimize energy usage and improve operational efficiency.

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