Carbon Monoxide (CO) Gas Sensors Market - Growth, Trends, and Forecast (2019 - 2024)

SKU ID : INH- 13487651

Publishing Date : 01-Mar-2019

No. of pages : 120

PRICE
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  • Market Overview

    The carbon monoxide (CO) gas sensors market (henceforth, referred to as the market studied) is expected to register a CAGR over 6% during the forecast period (2019-2024). 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.

    Scope of the Report

    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.

    Key Market Trends

    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.

    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.

    Competitive Landscape

    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.

    Reasons to Purchase this report:

    - The market estimate (ME) sheet in Excel format
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    - 3 months of analyst support

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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