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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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Reliable Link: Pioneering a New Era of Reliable Connectivity for Everything

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HONG KONG, Dec. 24, 2024 /PRNewswire/ — In this era where everything is connected, reliable communication networks have become more than just a service provided by operators; they are the key to linking the entire ecosystem of devices. Breaking down barriers between terminal equipments, allowing every corner and every device to be ‘reliably connected anytime, anywhere,’ is not only a technological breakthrough but also a beautiful vision for the future way of life. GrowthEase, in partnership with China Telecom, has brought together a top-tier team of communication technology experts to co-develop the “Reliable Link” project. Centered around the three core principles of “Reliability, Openness, and Ubiquity,” this project utilizes innovative communication technologies to integrate advanced cloud-network capabilities into various ubiquitous terminal devices such as drones, smart cameras, smart speakers, and smart locks. This aims to break the traditional constraints of terminal forms and capabilities, ushering in a new era of reliable communication connectivity. Leveraging the open capabilities provided by GSMA Open Gateway, and relying on the high-quality global network nodes deployed by NetEase Zhiqi and China Telecom, this project ensures end-to-end latency for audio and video calls remains within 200ms, guaranteeing 99.9% lag-free call experiences. Through highly reliable connectivity services, the project prioritizes the quality and security of connections and transmission in any environment, realizing “reliable connectivity anytime, anywhere” across all types of ubiquitous terminal devices.

Specifically, the Reliable Link project, through the Reliable-link AS platform and the Reliable-link applet, allows users to remotely control terminals like drones during a mobile voice call. For example, in the drone inspection scenario, Reliable Link can retrieve real-time flight routes, and with the Geofencing feature, set up electronic fences to ensure the drone stays within a safe area. When the drone detects a hazardous behavior, such as smoking, the system automatically triggers an alert and reports the location. Reliable Link combines VoLTE capabilities to initiate a video call to regional managers’ mobile phones, promptly pushing the alert information. Through Dev Loc verification and Location retrieval, the drone’s position is confirmed. Once the manager answers the video call, the QOD feature ensures high-quality video transmission, allowing the manager to issue control commands in real time through the call interface to control the drone’s flight. This not only ensures network reliability but also brings more efficient cross-terminal communication and smarter device management, making interactions between different devices smoother and more convenient, truly realizing “seamless connectivity” across ubiquitous terminal devices.

The Reliable Link Drone Communication Connectivity Project tightly integrates drones with the PaaS communication infrastructure, empowering drones with high-reliability, high-quality communication transmission capabilities. This drives upgrades and innovation in the drone industry, contributing to the prosperity of the low-altitude economy. Looking ahead, Reliable Link will continue to innovate and collaborate with ecosystem partners, establishing industry benchmarks. From connecting everything to empowering countless industries, the project aims to create a new landscape for reliable communication applications, enabling the thriving development of industries worldwide.

View original content:https://www.prnewswire.com/apac/news-releases/reliable-link-pioneering-a-new-era-of-reliable-connectivity-for-everything-302338544.html

SOURCE China Telecom

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BeyondTrucks Streamlines EDI Transaction Management Processes with Orderful Partnership

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BeyondTrucks and Orderful solution brings EDI workflow into an updated, intuitive and timesaving format for trucking companies

SAN MATEO, Calif., Dec. 23, 2024 /PRNewswire-PRWeb/ — BeyondTrucks, a transportation management system provider that delivers streamlined operations to private and specialty fleets through a connected and configurable platform, has announced a partnership with Orderful to embed their Electronic Data Interchange (EDI) Platform in the company’s multi-tenant SaaS Transportation Management System (TMS).

BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI.

“EDI of the past is opaque, time-consuming, expensive and just simply outdated,” said Hans Galland, chief executive officer at BeyondTrucks. “Now with Orderful as our partner, our customers can elect to use the Orderful portal to manage EDI transactions in a rapid intuitive manner for all transactions and all trading partners. We are eliminating the need for a custom integration into BeyondTrucks with each and every partner.”

Embedded in the BeyondTrucks TMS, the Orderful EDI Platform seamlessly builds EDI connections between shippers and carriers by converting EDI data via an API. The integration provides users with real-time data synchronization, instant visibility, automated compliance checks, and intuitive error handling.

BeyondTrucks is also offering their fleet customers access to the Orderful portal for visibility into EDI data from shippers. The optional capability provides an interface where fleets can see when shippers make changes to load information but don’t communicate them or they are not passed through to the TMS. The carrier can then respond manually to avoid loads being missed or the shipper being poorly serviced.

“BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI,” said Jonathan Kish, chief revenue officer at Orderful. “By embedding our platform, BeyondTrucks customers gain real-time visibility and faster connections, eliminating the headaches of traditional EDI and enabling them to operate more efficiently.”

The BeyondTrucks flexible, multi-tenant SaaS solution combines system integrations, proprietary modules, and adaptable configurations in a seamless platform to unify data and workflows for automation and optimization of fleet operations. Advanced capabilities of the cloud-based platform include order intake automation, smart load planning, dispatch communication, configurable driver workflows, and flexible automation of invoicing and driver payroll.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

About BeyondTrucks

San Francisco, California-based BeyondTrucks is the provider of a configurable and connected multi-tenant SaaS Transportation Management System (TMS). The SOC2-compliant software allows specialty and private fleets to replace legacy TMS, add-on solutions, and fragmented manual processes with a modern platform that creates seamless workflows driven by unified data. Designed to handle the complexities of large specialty and private fleets, the highly configurable BeyondTrucks platform achieves deeper levels of adoption and intelligent automation fleets to make fleet operations smarter, simpler, and stronger. With the multi-tenant platform, fleets also benefit from more efficient integrations into other fleet technology providers so that all parts of a fleet are always in sync. For more information, visit http://www.beyondtrucks.com.

Media Contact

Susan Fall, Launchit PR, 6198909415, susan@launchitpr.com, www.launchitpr.com

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GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

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GDIN CEO Jongkap Kim: “By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities.”

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations.

Since the launch of the program in 2021, GDIN has supported the establishment of 44 joint ventures across various regions. This year alone, 10 joint ventures were successfully launched in 8 countries including the United States, Canada, Japan, India, Singapore, Vietnam, UAE, and Uganda.

The Joint Venture Program was created to address a common challenge faced by early-stage tech companies: while they may have products and services that meet market demand, they often lack the resources and workforce to enter international markets. Through this program, GDIN helps companies increase their chances of success by facilitating strategic market entry via local partnerships.

In addition to the 44 joint ventures established so far, 47 partnership agreements are in the pipeline for future joint ventures. The program’s success is largely attributed to GDIN’s extensive global network of partners, which includes government organizations, multinational corporations, and international agencies such as the World Bank, Central American Bank for Economic Integration (CABEI), Inter-American Development Bank (IDB), Investment Turkey etc. GDIN has organized multiple technology matching and investor relations events to introduce Korean companies and their innovative technologies to potential international partners.

At the year-end performance report event, held on December 19, GDIN recognized companies that successfully established joint ventures. Changsoft I&I, a digital construction management system company, was highlighted for its success in establishing joint ventures in Japan and Vietnam. CFO Jongeun Park of Changsoft I&I shared, “We were facing stagnating revenue growth, and expanding into new markets was critical. With GDIN’s support, we were able to establish joint ventures in Japan and Vietnam, allowing us to tailor our products to local market needs.”

Other companies that successfully established joint ventures in 2024 include Medicos Biotech, Bloomsbury Lab, Arbaim, Eucast, Pixelro, Hansol root one, Eco-Peace, and IESG.

GDIN CEO Jongkap Kim commented, “Unlike simple joint investments or distribution networks, these technology-driven joint ventures are based on market demand, ensuring their long-term sustainability. If these joint ventures achieve success in the local markets and even go public, they could offer multiple exit opportunities, creating a strong growth model for all involved.”

About GDIN 

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the Ministry of Science & ICT, is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world.

Since 2013, we have established over 160 international partnerships, supported over 3,000 tech companies, conducted over 20,000 consulting services, and helped companies raise $3.6 billion USD in investments.

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SOURCE GDIN

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