CO Gas Sensors Market Report: Trends, Forecast and Competitive Analysis to 2030

CO Gas Sensors Trends and Forecast

The future of the global CO gas sensors market looks promising with opportunities in the medical, petrochemical, building automation, industrial, environmental, and automotive markets. The global CO gas sensors market is expected to reach an estimated $16.5 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing government mandates aimed at ensuring workplace safety, growing demand for emission control regulations, and rising trend of smart homes and integration of IOT.

A more than 150-page report is developed to help in your business decisions.

CO Gas Sensors by Segment

The study includes a forecast for the global CO gas sensors by technology, application, and region.

CO Gas Sensors Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Semiconductor Sensor
• Electrochemical Sensor
• Solid State/MOS Sensor
• PID
• Catalytic
• Infrared

CO Gas Sensors Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Medical
• Petrochemical
• Building Automation
• Industrial
• Environmental
• Automotive
• Other Applications

CO Gas Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of CO Gas Sensors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies CO gas sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the CO gas sensors companies profiled in this report include-

• Aeroqual
• ABB
• Siemens
• Yokogawa Electric
• Robert Bosch
• GfG
• Alphasense
• Dynament
• Ngk Insulators
• Trolex

CO Gas Sensors Market Insights

Lucintel forecasts that electrochemical sensor will remain the largest segment over the forecast period due to its quick response time and good accuracy.

Within this market, automotive will remain the largest segment due to increasing requirement to set up carbon monoxide gas detectors in automobile industry.

North America will remain the largest region over the forecast period due to growing incidents of CO poisoning in the region.

Features of the Global CO Gas Sensors Market

Market Size Estimates: CO gas sensors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: CO gas sensors market size by technology, application, and region in terms of value ($B).

Regional Analysis: CO gas sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, applications, and regions for the CO gas sensors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the CO gas sensors market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the CO gas sensors market size?

Answer: The global CO gas sensors market is expected to reach an estimated $16.5 billion by 2030.

Q.2 What is the growth forecast for CO gas sensors market?

Answer: The global CO gas sensors market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the CO gas sensors market?

Answer: The major drivers for this market are increasing government mandates aimed at ensuring workplace safety, growing demand for emission control regulations, and rising trend of smart homes and integration of IOT.

Q4. What are the major segments for CO gas sensors market?

Answer: The future of the CO gas sensors market looks promising with opportunities in the medical, petrochemical, building automation, industrial, environmental, and automotive markets.

Q5. Who are the key CO gas sensors market companies?

Answer: Some of the key CO gas sensors companies are as follows.

• Aeroqual
• ABB
• Siemens
• Yokogawa Electric
• Robert Bosch
• GfG
• Alphasense
• Dynament
• NGK Insulators
• Trolex

Q6. Which CO gas sensors market segment will be the largest in future?

Answer: Lucintel forecasts that electrochemical sensor will remain the largest segment over the forecast period due to its quick response time and good accuracy.

Q7. In CO gas sensors market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing incidents of CO poisoning in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the CO gas sensors market by technology (semiconductor sensor, electrochemical sensor, solid state/MOS sensor, PID, catalytic, and infrared), application (medical, petrochemical, building automation, industrial, environmental, automotive, and other applications), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?