Connect with us

Technology

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

Published

on

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302187094.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Acer Debuts on Dow Jones Sustainability World Index 2024

Published

on

By

Representing Top 10% of the largest 2,500 Companies in S&P BMI on long-term economic, environmental and social criteria

TAIPEI, Dec. 23, 2024 /PRNewswire/ — Acer Inc. (TWSE: 2353) announced its debut on the Dow Jones Sustainability (DJSI) World Index 2024, which comprises of the global sustainability leaders identified by S&P Global’s Corporate Sustainability Assessment (CSA). The DJSI World Index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index (BMI) based on long-term economic, environmental and social criteria.

At the same time, Acer was listed on DSJI’s Emerging Markets Index for the 11th consecutive year in 2024, ranking among the top companies in the THQ (Computers & Peripherals and Office Electronics) industry and scoring in the 100th percentile with full marks across various components: Transparency & Reporting, Materiality, and Customer Relationship Management.

Acer’s commitment to making a positive impact on environmental sustainability includes joining the RE100 initiative, setting the goals to source 100% renewable electricity by 2035 and to achieve net zero emissions by 2050. In 2023 the Acer Group sourced 48% renewable electricity worldwide, with 100% renewable electricity sourced in multiple countries. Acer’s efforts have been recognized in growing capacity by global sustainability accolades and indices throughout 2024:

Listed among TIME’s World’s Most Sustainable Companies.Listed in the MSCI ESG Leaders Indexes for the 11th consecutive year, garnering the best rating of “AAA”[1] that represents the top 15% in the category of technology hardware, storage and peripherals industry.Awarded Platinum medal for EcoVadis’ Sustainability Ratings for the third straight year, the highest tier of recognition representing the top 1% of rated companies[2] evaluated on sustainability across global supply chains based on four key themes: environment, labor and human rights, ethics, and sustainable procurement.A constituent of the FTSE4Good Emerging Index for the ninth consecutive year.In the subcategory FTSE4Good TIP Taiwan ESG Index[3] supported by the Taiwan Stock Exchange, which integrates ESG management practices and financial performances of companies, for the seventh year.

Acer continues to research and design climate-conscious solutions that serve both humanity and the planet, providing greener choices for a brighter future. Its eco-conscious offering includes computers and display products built with recycled materials and energy-efficient solutions, lifestyle products such e-bikes and e-scooters, energy storage solutions, along with award-winning packaging designs to contribute to the industry.

[1] MSCI ESG AAA Rating as of November 26, 2021, updated on December 10, 2024

[2] Ecovadis rating, August 2024

[3] First Taiwan domestic benchmark developed using FTSE ESG Ratings and data model, developed in partnership with Taiwan Stock Exchange’s (TWSE) wholly-owned subsidiary, Taiwan Index Plus Corp. (TIP)

About Acer

Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

View original content to download multimedia:https://www.prnewswire.com/news-releases/acer-debuts-on-dow-jones-sustainability-world-index-2024-302338272.html

SOURCE Acer

Continue Reading

Technology

LG ACHIEVES 13TH CONSECUTIVE YEAR IN DOW JONES SUSTAINABILITY WORLD INDEX

Published

on

By

Only South Korean Company Recognized in Leisure Equipment & Products and Consumer Electronics Category for 13 Years

ENGLEWOOD CLIFFS, N.J., Dec. 23, 2024 /PRNewswire/ — LG Electronics (LG) has once again secured its position in the Dow Jones Sustainability World Index (DJSI World) for the thirteenth consecutive year. The DJSI World ranks the top 10 percent of the largest 2,500 global companies based on their economic, environmental, social, and governance (ESG) practices, serving as a critical benchmark for investors assessing corporate sustainability.

Notably, LG earned the highest overall score in the Leisure Equipment & Products and Consumer Electronics industry category. Furthermore, it remains the only South Korean company to be included in this category for 13 years running.

Additionally, LG has been included in the DJSI Asia Pacific (top 20 percent of the 600 largest companies in the Asia-Pacific region) and DJSI Korea (top 30 percent of the 200 largest companies in Korea) for 15 and 16 consecutive years, respectively.

LG received high evaluations across various ESG areas, including environmental policy and management, human rights management, human resource management, customer relations, supply chain management and product responsibility management.

Under the ESG management vision of Better Life for All, LG is carrying out various activities with the strategy of 3C for the planet (Carbon neutrality, Circularity, and Clean technology) and 3D for people (Decent workplace, Diversity & inclusion, and Design for all).

To achieve its 3C goals for the planet, LG has set ambitious targets, including reaching carbon neutrality in its product manufacturing process by 2030 and transitioning to 100 percent renewable energy by 2050.

Specifically, LG plans to reduce direct greenhouse gas emissions (Scope 1) and indirect greenhouse gas emissions (Scope 2) in the product production stage by 54.6 percent compared to 2017 levels. This will be accomplished through process improvements, the introduction of energy-saving technologies and the use of renewable energy. Notably, LG was the first company in the home appliance industry to obtain UN carbon credits in 2015.

In addition, LG is focused on reducing the unit greenhouse gas emissions of its seven major product groups (TVs, refrigerators, washing machines, dryers, home and system air conditioners, and monitors) by 20 percent compared to 2020 levels during the product use stage (Scope 3). This commitment involves various activities aimed at improving the energy efficiency of individual products, thereby reducing overall carbon emissions.

As a member of the UN Global Compact and the Responsible Business Alliance, LG complies with international human rights and labor standards and is enhancing its human rights management processes to respond to strengthening global ESG-related legislation.

In the ESG evaluation and rating announcement results published by the Korea Corporate Governance Service this year, LG received an overall A grade for four consecutive years. LG also received an A grade for five consecutive years in the ESG evaluation conducted by the global ESG evaluation agency Morgan Stanley Capital International, gaining recognition for its ESG management performance from credible domestic and international institutions.

About LG Electronics USA 
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com

Media Contacts:

LG Electronics USA

JL Lavina
jl.lavina@lge.com
www.LG.com 

Jennifer Tayebi
Jennifer.tayebi@lg-one.com
LGHAUS@lg-one.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-achieves-13th-consecutive-year-in-dow-jones-sustainability-world-index-302338609.html

SOURCE LG Electronics USA

Continue Reading

Technology

CAS and PetroChina Shanghai Advanced Materials Research Institute announce a collaboration to accelerate new materials discovery and innovation

Published

on

By

SHANGHAI and COLUMBUS, Ohio, Dec. 23, 2024 /CNW/ — CAS, a division of the American Chemical Society specializing in scientific knowledge management, and PetroChina Shanghai Advanced Materials Research Institute Co., Ltd, a subsidiary of the world’s third largest oil company, China National Petroleum Corporation (CNPC), are collaborating for use of the CAS SciFinder Discovery Platform™ to accelerate research and discovery of new chemical materials.

PetroChina Shanghai Advanced Materials Research Institute Co., Ltd. was founded in 2021 to address key technological challenges in advanced chemical materials and drive a transformation of CNPC from a traditional refinery and petrochemical product provider to a more advanced and sustainable material provider. Its research focus includes high-performance engineering materials, high-performance polyolefin and elastomers, special catalysts, advanced membranes, fibers and composites, etc.

CAS, the creator of the world’s most comprehensive and authoritative curated scientific information resource, the CAS Content Collection™, which covers over 150 years of discoveries, provides content and knowledge management solutions and services that accelerate innovation. The CAS SciFinder Discovery Platform, an authoritative scientific technology solution, will enable the institute research scientists to discover more relevant information faster, identify and optimize synthetic routes through a full retrosynthetic analysis of known and undisclosed substances, and locate, compare, and understand scientific methods via the CAS Content Collection.

“We’re excited that PetroChina Shanghai Advanced Materials Research Institute will harness the CAS SciFinder Discovery Platform to accelerate their research and discovery initiatives. Combining the capabilities of this industry-leading CAS solution with the Research Institute’s expertise in material research will result in breakthroughs that bring advanced sustainable materials to the marketplace,” said Manuel Guzman, President of CAS.

PetroChina Shanghai Advanced Materials Research Institute, as a newly established innovation hub, aims to grow into a world-leading, multi-capabilities research institute that drives cutting-edge innovations, pilots industrial-scale technologies, provides technical services, and facilitates academic and value chain collaborations.

“We are very pleased to cooperate with CAS, who will be a strong partner in bringing their sophisticated scientific information solutions to facilitate and speed up our approach to advanced sciences and technologies in novel materials. We are looking forward to exploring more innovative ideas through our engagement with CAS,” said Xudong Huang, Vice President of PetroChina Shanghai Advanced Materials Research Institute.

About CAS

CAS connects the world’s scientific knowledge to accelerate breakthroughs that improve lives. We empower global innovators to efficiently navigate today’s complex data landscape and make confident decisions in each phase of the innovation journey. As a specialist in scientific knowledge management, our team builds the largest authoritative collection of human-curated scientific data in the world and provides essential information solutions, services, and expertise. Scientists, patent professionals, and business leaders across industries rely on CAS to help them uncover opportunities, mitigate risks, and unlock shared knowledge so they can get from inspiration to innovation faster. CAS is a division of the American Chemical Society. Connect with us at cas.org.

About PetroChina Shanghai Advanced Materials Research Institute

PetroChina Shanghai Advanced Materials Research Institute, located in the Lingang Shanghai, was established in December 2021. It is a wholly owned subsidiary of China National Petroleum Corporation (CNPC) with innovation functions in fundamental research, product development, industrial-scale piloting, technical service and academic collaborations. The research areas cover a broad spectrum of novel chemical materials for the markets of electronics, medical, transportation and new energy. 

Logo – https://mma.prnewswire.com/media/2586993/CAS_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/cas-and-petrochina-shanghai-advanced-materials-research-institute-announce-a-collaboration-to-accelerate-new-materials-discovery-and-innovation-302338522.html

SOURCE CAS

Continue Reading

Trending