Global Carbon Dioxide Monitors Market Growing at a CAGR of 8.2% by 2030
Category : Semiconductor And Electronics | Published Date : Jun 2024
Carbon Dioxide Monitors Market Definition & Overview :
Carbon Dioxide Monitor is an equipment used to measure and monitor the carbon dioxide gas. It offers several advantages like identification of concentration of pollutants, prevention of high levels of carbon dioxide exposure, and reduced risks of viruses among others.
Consegic Business Intelligence analyzes that the Global Carbon Dioxide Monitors Market was valued at USD 407.96 Million in 2022 and is expected to register a CAGR of 8.2% to reach USD 749.53 Million by 2030.
This report comprises Carbon Dioxide Monitors Market Size, Share & Industry Analysis, By Type( Fixed CO2 Monitors and Portable CO2 Monitors), By End-User(Healthcare, Mining, Food & Beverage, Agriculture, Commercial, and Others), By Region(North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2023-2030.
This report contains detailed information on Carbon Dioxide Monitors Market Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, rising utilization in healthcare, mining, and food and beverages are catalyzing the carbon dioxide monitor growth. In the food and beverages industry, monitors are used to control carbon dioxide levels in food processing plants to ensure the long life of equipment and operational safety.
Segmental Analysis :
The Carbon Dioxide Monitors Market is segmented into three major segments based on type, end-user, and region.
Based on type, the market is divided into Fixed CO2 Monitors and Portable CO2 Monitors.
- In 2022, the healthcare segment contributed the largest revenue share of 35.6%, as monitors are used for patient monitoring.
- The mining segment is anticipated to register the fastest CAGR from 2023 to 2030 as the demand for metals and minerals is rising worldwide.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2022, the North American region accounted for the largest revenue share of USD 144.01 Million and is expected to register a CAGR of 8.3% during the forecasted period due to the rising utilization of monitors in food and beverage, healthcare, and commercial industries.
- The Asia-Pacific region is expected to witness the fastest CAGR of 8.5% from 2023 to 2030 due to the growth of several industries including healthcare, agriculture, and mining among others in this region.
| Report Attributes | Report Details |
| By Type | Fixed CO2 Monitors and Portable CO2 Monitors |
| By End-User | Healthcare, Mining, Food & Beverage, Agriculture, Commercial, and 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. Additionally, 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 Dioxide Monitors Industry :
- Criticare Technologies Inc.
- Masimo
- Koninklijke Philips N.V.
- Medtronic
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd
- Nihon Kohden Corporation
- Nonin
- GE Healthcare
- OSI Systems Inc.
- Radiometer Medical ApS
- Thames Medical Ltd.
Recent Industry Developments :
- In June 2023, Philips, in collaboration with Masimo, introduced integration of the Masimo's SedLine O3 monitoring module and CO2 advanced measurements into high acuity IntelliVue MX series of multi-parameter monitors from Philips.