Global Carbon Monoxide Detectors Market to Reach USD 906.92 Million by 2030 | CAGR of 3.7%
Category : Consumer Goods | Published Date : Nov 2024 | Type : Press Release
Carbon Monoxide Detectors Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Carbon Monoxide Detectors Market size was valued at USD 691.74 million in 2022 and is projected to register a CAGR of 3.7%, reaching USD 906.92 million by 2030. Carbon monoxide detectors are essential devices designed to alert individuals about the concentration of carbon monoxide in the air, aiding in the prevention of carbon monoxide poisoning in residential, commercial, and industrial spaces.
The report comprises the Carbon Monoxide Detectors Market Share, Size & Industry Analysis, By Sensor Type (Semiconductor Sensor, Electrochemical Sensor, Biomimetic Type, Solid-State/MOS Sensor PID, Catalytic, and Infrared), By Product Type (Wall Mounted/Fixed, Portable, and Others), By End-User (Medical, Petrochemical, Building Automation, Industrial, Environmental, Automotive, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Carbon Monoxide Detectors Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The increased demand for CO detectors in commercial and industrial spaces, along with stringent government regulations on CO safety, are primary drivers of market growth. Integration of Wi-Fi and advanced technologies in CO detectors offers new growth opportunities.
Segmental Analysis :
Based on Sensor Type, the market is segmented into semiconductor, electrochemical, biomimetic, solid-state/MOS, catalytic, and infrared sensors.
- The biomimetic segment held the largest market share in 2022 due to its reliable performance in large buildings such as hospitals and hotels. Biomimetic sensors utilize chromophores that change color upon detecting CO, allowing precise detection in spaces with regular chemical use.
- The infrared segment is expected to grow fastest, leveraging non-dispersive infrared (NDIR) technology to provide accurate CO detection in industrial settings.
Based on Product Type, the market is divided into wall-mounted/fixed, portable, and others.
- The wall-mounted segment dominated in 2022, with a share of 48.21%, as it provides continuous monitoring of CO levels and can activate other systems like ventilation or security systems.
- The portable segment is anticipated to witness the fastest CAGR, offering mobility and real-time CO-level displays, making them essential for safety in various environments.
Based on End-User, the market includes medical, petrochemical, building automation, industrial, environmental, automotive, and others.
- The industrial segment held the largest share in 2022, driven by CO emissions from large-scale manufacturing. Detectors in this segment are crucial for worker safety in facilities that handle combustible gases.
- The building automation segment is projected to grow rapidly due to the increasing adoption of smart home technologies, with CO detectors playing a vital role in home safety.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- North America held the largest share in 2022, driven by stringent CO safety regulations and high adoption of fuel-burning appliances in cold climates.
- Asia-Pacific is expected to register the fastest CAGR, with increased construction activities and adoption of CO detectors in industrial and residential sectors.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 906.92 Million |
| CAGR (2023-2030) | 3.7% |
| By Sensor Type | Semiconductor Sensor, Electrochemical Sensor, Biomimetic Type, Solid-State/MOS Sensor PID, Catalytic, Infrared |
| By Product Type | Wall Mounted/Fixed, Portable, Others |
| By End-User | Medical, Petrochemical, Building Automation, Industrial, Environmental, Automotive, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Carbon Monoxide Detectors Industry:
- ABB Ltd.
- Aeroqual Ltd.
- MTI Industries, Inc.
- Alphasense
- Dynament Ltd.
- NGK Insulators Ltd
- Robert Bosch GmbH
- Siemens AG
- System Sensor
- Kidde
Recent Industry Developments :
- September 2022: Blackline Safety Corp. launched the G6 personal gas detector to monitor exposure to toxic gases, including CO and SO2, enhancing safety in industrial settings.
- January 2021: Ion Science India introduced a wearable instrument that alerts users to CO, H2S, and SO2 gas exposure, contributing to worker safety in hazardous environments.
