Home > Press Releases > Global Carbon Monoxide Detectors Market

Global Carbon Monoxide Detectors Market growing at a CAGR of 3.7% from 2023 to 2030

Category : Consumer Goods | Published Date : Jun 2023

Key Market Overview

The global carbon monoxide detector market was valued at USD 691.74 Million in 2022 and is expected to register a compound annual growth rate of 3.7% to reach USD 906.92 Million in 2030.

The report highlights the increasing demand for CO detectors in residential, commercial, and industrial spaces due to the rising cases of CO poisoning. Consegic Business Intelligence provides an inclusive research report on the CO detectors market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Carbon Monoxide Market By Overview

Global Carbon Monoxide Market

The report analyses significant segments such as sensor type, product type, end-user, and region, to identify emerging trends and potential opportunities. The product type segment is expected to grow due to the increasing demand for wall-mounted and portable CO detection systems in various end-use industries. Fixed CO sensors are equipped with a remote display unit and main sensor unit used for the detection of harmful gases present in the atmosphere. Moreover, the ability of portable detectors to display the exact amount of CO present in a room is driving the growth of the market.

Get Free Sample

Market Dynamics

Driver:

 

  • The growing adoption of Carbon Monoxide (CO) detectors in commercial spaces for safety and security of the employees is driving the growth of the market.
  • Stringent government regulations to curb carbon monoxide poisoning cases is accelerating the growth of the market.
  • The growing adoption of smart home systems is driving the growth of CO detectors in residential spaces, resulting in the market growth.

 

Restraints:

  • The limited adoption of CO detectors due to false alarms in homes, hospitals, colleges, and government agencies is hindering the growth of the market.
  • The frequent charging requirements of carbon monoxide detectors is restraining the growth of the market.

Market Segmentation:

Report Attributes Report Details
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

Competitive Landscape :

The Global Carbon Monoxide Detector Market is highly competitive due to the presence of major players such ABB Ltd., Aeroqual Ltd., Alphasense, Dynament Ltd., First Alert, GfG Europe Ltd., Kidde, MTI Industries, Inc., NGK Insulators Ltd. operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in carbon monoxide detector market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • ABB Ltd.
  • Aeroqual Ltd.
  • MTI Industries, Inc.
  • Alphasense
  • Dynament Ltd.
  • NGK Insulators Ltd
  • Robert Bosch GmbH
  • Siemens AG
  • System Sensor
  • Kidde