Published On: Sat, Mar 15th, 2014

Global CO2 sensors market estimated to grow at CAGR of 32.5 % by 2016

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DUBLIN, IRELAND: Research and Markets from their barrio has announced the addition of the “Global Advanced CO2 Sensors Market 2012-2016″ report to their offering.

The analysts forecast the Global Advanced CO2 Sensors market to grow at a CAGR of 32.5 percent over the period 2012-2016.

One of the key factors contributing to this market growth is the snowballing demand for location-specific CO2 sensors. The Global Advanced CO2 Sensors market from its quarter has also been witnessing the increasing institutional usage of CO2 sensors. Nevertheless, the high cost of advanced CO2 sensors could pose a challenge to the growth of this market.

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Key vendors dominating Global Advanced CO2 Sensors market comprise Digital Control Systems Inc., GE Measurement and Control Solutions, Honeywell International Inc., and Johnson Controls Inc.

Other vendors mentioned in the report are AirTest Technologies Inc., Balluff GmbH, Banner Engineering Corp., Pepperl+Fuchs GmbH, SICK AG, Siemens Industry Inc., Hans Turck GmbH and Co. KG, Vaisala Inc., and Veris Industries Inc.

Commenting on the report, an analyst from the Hardware team alleged that- “The exponential adoption of automobiles and electronic goods is encouraging numerous institutions and organizations to install and track CO2 emissions from their operations. As a result, numerous manufacturing facilities are fitting CO2 sensors as a standard practice.”

“Moreover, the institutions and organizations that are involved in environmental pollution control and measuring CO2 emissions in the surroundings are becoming highly active in these practices. Therefore, CO2 sensors are gaining traction in the global market. In this aspect, many of these institutions have begun to use advanced CO2 sensors because of the various inherent benefits, “the analyst went on to supplement.

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About the Author

- A Journalist by interest and a Music Enthusiast by passion. Wedded to Mother Nature, Jawed indulges his aesthetics in travelling and reading books of varied genres. Having covered News stories for top Dailies in his formative years, that is, he is game for tryst with Technology at Techmagnifier.

Global CO2 sensors market estimated to grow at CAGR of 32.5 % by 2016