Carbon Monoxide Detectors Market Size, Industry Share, Growth Trends and Forecasts (2023 - 2030)

Based on the Sensor Type :

Based on the sensor type, the market is segregated into electrochemical sensor, semiconductor sensor, biomimetic type, solid-state/MOS sensor PID, catalytic, and infrared. The biomimetic segment accounted for the largest revenue share in the year 2022. Biomimetic type detector is a reliable technology and is widely deployed in large buildings such as hospitals, hotels, and apartments that use disinfectants, alcohols and air fresheners that release CO gas. The chemical called a chromophore present in the biomimetic CO detector reacts with CO present in air and changes the color of the chromophore. The color change is registered using light from an LED, thereby producing alerts on the presence of CO in air. Therefore, the application of biomimetic sensors in the aforementioned spaces is driving the growth of this segment.

The infrared segment is anticipated to emerge as the fastest-growing segment during the forecast period. Non-Dispersive type Infrared Absorption (NDIR) sensors are widely utilized for various types of gas detection such as carbon dioxide (CO2), carbon monoxide (CO), and hydrocarbons (HC). Infrared detectors consist of a light source, measurement chamber, interference filter, and IR detector. Infrared radiation is transferred through the gas and enters into the detector. Consequently, the detector provides alerts due to the presence of CO in the atmosphere. For instance, in December 2020, Crowcon launched MPS Gas Sensor in a fixed detector comprising of infrared (IR) sensor for detection of gases. As a result, the application of Infrared systems in industrial settings to provide advanced gas detection is driving the growth of the market.

Based on the Product Type :

Based on the product type, the market is separated into wall mounted/fixed, portable, and others. The wall-mounted segment accounted for the largest revenue share of 48.21% in the year 2022. A fixed CO detector is a device used to detect high concentrations of CO to warn the user of potential dangers. Detectors play a crucial role in monitoring areas where harmful gases are released on a regular basis. Additionally, fixed/wall mounted devices have the ability to activate other systems such as fire panels, ventilation systems or building management/security systems. Thus, the growing adoption of wall-mounted CO detectors in residential and commercial spaces is accelerating the growth of the market.

The portable segment is anticipated to witness the fastest CAGR growth during the forecast period. Portable CO detectors are essential for displaying the level of carbon monoxide instantly and accurately. Moreover, portable detectors have the ability to display the presence of CO in a room environment by means of a display screen, as compared to wall-mounted CO detectors that alarm only when elevated CO levels are detected by the sensor. For instance, in July 2020, American Honda Motor Co., Inc. introduced a new portable advanced carbon monoxide (CO) detection system called CO-MINDER, designed to protect individuals from injury or other health issues due to accidental carbon monoxide poisoning. Thus, the ability of portable detectors to monitor the indoor air for the presence of Carbon Monoxide (CO) gas is driving the growth of the market.

Based on the End-User :

Based on the end-user, the market is segregated into medical, petrochemical, building automation, industrial, environmental, automotive, and others. The industrial segment accounted for the largest revenue share in the year 2022. In manufacturing industries, carbon monoxide is released into the air. Carbon monoxide produced in large-scale industries due to the partial oxidation of hydrocarbon gases from natural gas or by the gasification of coal and coke. Therefore, the emission of carbon monoxide in air increases the demand for CO detection systems in industrial spaces. For instance, in May 2021, Industrial Scientific launched the Tango TX2, a new two-gas monitor that increases site safety by allowing users to detect carbon monoxide gas with one small and reliable monitor. Consequently, the adoption of carbon monoxide detectors in manufacturing plants and warehouses is accelerating the growth of the market.

The building automation segment is anticipated to register the fastest CAGR growth during the forecast period. The growing trend of smart home systems is driving the demand for advanced CO detectors in residential spaces. Consumers are increasingly adopting advanced security solutions such as CO detectors with enhanced connectivity options to monitor the presence of harmful gases in the atmosphere. Therefore, CO detectors are designed to provide notifications on unusual build-up of CO in homes. Consequently, the growing awareness among consumers about the health concerns associated with CO toxicity is proliferating the growth of the market.

Based on the Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America accounted for the largest revenue share in the year 2022. The rising cases of carbon monoxide poisoning in North America is driving the growth of carbon monoxide detectors market. The extreme cold climatic conditions in the region led to access accumulation of CO in the air due to the application of fuel-burning appliances including warm-air heaters in the region. For instance, according to Consumer Product Safety Commission, approximately 150 people in the United States die every year from accidental CO poisoning related to consumer products, including generators and warm air heaters. As a result, the rising need to install CO detectors to monitor the levels of CO in air is driving the growth of the regional market.

The Asia-Pacific region accounted for a revenue share of USD 179.09 million in 2022 and is expected to reach USD 240.42 million in 2030, registering a CAGR of 4.0% during the forecast period. Additionally, in the region, China accounted for the largest revenue share of 26.3% in the year 2022. The growing construction industry in Asia-Pacific is driving the demand in CO detectors in industrial spaces. The rising emission of CO in air due to the burning of fossil fuels is increasing the deployment of CO detectors to monitor the air quality. Moreover, the growing adoption of Carbon Monoxide (CO) in residential spaces is proliferating the growth of the market.