Carbon Monoxide Gas Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Includes Global Carbon Monoxide Alarms and the Market is Segmented by Technology (Semiconductor Sensor, Electrochemical Sensor, and Solid State/MOS Sensor), Application (Medical, Petrochemical, and Industrial), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The report offers the market size and forecasts in USD million for all the above segments.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Sensors and Actuators Research CO Gas Sensors Industry

Carbon Monoxide Gas Sensors Market Size

carbon monoxide gas sensors market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

CO Gas Sensors Market

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Carbon Monoxide Gas Sensors Market Analysis

The carbon monoxide (CO) gas sensors market is expected to grow at a CAGR of 6% over the forecast period (2021 - 2026). Industries, on the other hand, have different applications, with some industries using CO gas for their process-related works, and other industries releasing it as a byproduct. To ensure a safe working environment and avoid any life threatening exposure to the workers, stringent and strict regulations are followed in the industries. These regulations have been critical in the high-paced and early adoption of CO gas alarms and detectors. Thus, this has directly impacted the increased demand for the CO gas sensors in industries.

  • As the CO cannot be easily measured outside of a medical environment, CO toxicity levels are usually expressed in airborne concentration levels, such as PPM, and the duration of exposure. The CO gas sensors are deployed in a gas detector system or alarms for its application.
  • Government regulations to ensure safety in workplaces are primarily increasing the growth of the carbon monoxide gas sensors market.
  • Product miniaturization has helped in the development of portable gas sensor devices that provide the flexibility of carrying. Furthermore, in the industries, there is a high focus on adoption of automation, as well as collecting all the data. Such a requirement has resulted in increased demand for sensors that are wireless, and are enabled with two-way communication features.

Carbon Monoxide Gas Sensors Market Trends

This section covers the major market trends shaping the Carbon Monoxide Gas Sensors Market according to our research experts:

Automotive is Expected to Hold a Significant Share

Many people die from carbon monoxide poisoning across the world. The recent incident involved a modified Ford Fiesta that had faulty exhaust system, which leaked fumes inside the cabin of the car. The unaware couple inside the car were killed, due to carbon monoxide poisoning. 

According to an incident reported in 2018, deaths of five people in Alberta are being linked to CO poisoning in cars, prompting people to ensure that their vehicles are properly maintained. Such incidents are likely to drive the need to install carbon monoxide gas sensors in the automotive sector.

Moreover, police departments in more than a dozen states are concerned about possible carbon monoxide gas leaks in Ford Explorers. As two-thirds of the Centerville Police Department cruisers are Ford Explorers, officials have installed carbon monoxide detectors in all Explorers to monitor the situation. This, in turn, is expected to increase the adoption of CO gas sensors, as they are mostly used, along with CO gas detectors and alarms.

carbon monoxide gas sensors market

North America is Expected to Hold Major Share

As per the US Fire Administration, every year, more than 150 people in the United States die from carbon monoxide poisoning. Similarly, more than 50 people die every year from CO poisoning in Canada, according to the Ontario Association of Fire Chiefs.

The deaths mostly occur in cold weather, as people use fuel-burning appliances more frequently to keep themselves warm in this weather. As a result, the adoption for carbon monoxide (CO) gas sensors is beneficial, as these appliances can unknowingly cause dangerous levels of CO gas to build up in the home. The CO gas sensors are mostly used in carbon monoxide detectors and alarms.

There have been few incidents of CO poisoning recently. Nine people were sent to a hospital in Ontario, Canada, and one person died in a vehicle in Alberta. In the light of such events, Health Canada is warning Canadians to be alert in their homes and elsewhere, and to be aware of the dangers of carbon monoxide. Such events are expected to further drive the demand for CO gas sensors in North America.

carbon monoxide gas sensors market

Carbon Monoxide Gas Sensors Industry Overview

The carbon monoxide gas sensors market has gained a competitive edge in the past three decades, and consists of several major players. In terms of market share, few of the major players currently dominate the market studied. However, with increasing innovations and safety regulations, due to the gas leakage incidents, the companies in the market studied are strategically innovating in providing these sensors, which meet the regulations and policies.

Carbon Monoxide Gas Sensors Market Leaders

  1. Aeroqual Ltd

  2. ABB Ltd

  3. Siemens AG

  4. Yokogawa Electric Corporation

  5. Robert Bosch GmbH

*Disclaimer: Major Players sorted in no particular order

carbon monoxide gas sensors market
Need More Details on Market Players and Competitors?
Download Sample

Carbon Monoxide Gas Sensors Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Introduction to Market Drivers and Restraints

    5. 4.5 Market Drivers

      1. 4.5.1 Government Regulations to Ensure Safety in Work Places

      2. 4.5.2 Increasing Need for Emission Control Standards

    6. 4.6 Market Restraints

      1. 4.6.1 Lack of Awareness of Safety Gains in SME

      2. 4.6.2 Cost of Maintenance and Low Product Differentiation

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Semiconductor Sensor

      2. 5.1.2 Electrochemical Sensor

      3. 5.1.3 Solid State/MOS Sensor

      4. 5.1.4 PID

      5. 5.1.5 Catalytic

      6. 5.1.6 Infrared

    2. 5.2 By Application

      1. 5.2.1 Medical

      2. 5.2.2 Petrochemical

      3. 5.2.3 Building Automation

      4. 5.2.4 Industrial

      5. 5.2.5 Environmental

      6. 5.2.6 Automotive

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Aeroqual Ltd

      2. 6.1.2 Robert Bosch GmbH

      3. 6.1.3 Siemens AG

      4. 6.1.4 Yokogawa Electric Corporation

      5. 6.1.5 ABB Ltd

      6. 6.1.6 GfG Europe Ltd

      7. 6.1.7 Alphasense

      8. 6.1.8 Dynament Ltd

      9. 6.1.9 NGK Insulators Ltd

      10. 6.1.10 Trolex Ltd

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Carbon Monoxide Gas Sensors Industry Segmentation

Carbon monoxide (CO) gas sensor is used in industries and home, for the detection of the concentrations of CO in the air. These sensors also output the reading as an analog voltage, which can trigger an alarm or provide a visual indication, based on other complementing features. The market studied is segmented by technology, application, and geography.

By Technology
Semiconductor Sensor
Electrochemical Sensor
Solid State/MOS Sensor
PID
Catalytic
Infrared
By Application
Medical
Petrochemical
Building Automation
Industrial
Environmental
Automotive
Other Applications
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Need A Different Region Or Segment?
Customize Now

Carbon Monoxide Gas Sensors Market Research FAQs

The CO Gas Sensors Market is projected to register a CAGR of 6% during the forecast period (2024-2029)

Aeroqual Ltd, ABB Ltd, Siemens AG, Yokogawa Electric Corporation and Robert Bosch GmbH are the major companies operating in the CO Gas Sensors Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in CO Gas Sensors Market.

The report covers the CO Gas Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the CO Gas Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

CO Gas Sensors Industry Report

Statistics for the 2024 CO Gas Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. CO Gas Sensors analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

CO Gas Sensors Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Carbon Monoxide Gas Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)