Carbon Monoxide Detectors Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Safelincs Ltd and MTI Industries, Inc. are key players.

The carbon monoxide detectors market is expected to grow at a CAGR of 3.89% to reach a market size worth US$619.120 million by 2027.

The prime factors propelling the market growth are increased awareness and the rise in carbon monoxide poisoning cases in industrial practices, government regulations for installing carbon monoxide detectors.

As per the study, the carbon monoxide detectors market is expected to grow steadily during the forecast period.

Carbon monoxide detectors are devices that sense the presence of carbon monoxide in an indoor environment and thus aid in preventing carbon monoxide poisoning. The increased awareness of the dangers of carbon monoxide poisoning has increased demand for carbon monoxide detectors. Therefore, it is anticipated to drive the growth of carbon monoxide detectors during the forecast period. Furthermore, governments in several countries have been increasingly adopting legislation to make the installation of carbon monoxide detectors obligatory, which is another factor anticipated to boost market growth.

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The carbon monoxide detectors market has been segmented based on the sensor type, application, end-use industry, and geography.

The market has been segmented by sensor type into biomimetic, electrochemical, and semiconductor. The electrochemical sensor will constitute a significant market share due to its growing adoption in several sectors and with a straightforward measurement procedure, quick response time, and adequate sensitivity, which will help to boost the carbon monoxide detector market growth.

The market has been analyzed based on application into fuel-fired furnaces, gas water heaters, charcoal grills, and others. The charcoal grill will constitute a significant market share during the forecasted period due to the government's initiatives to promote carbon monoxide detector installation in household kitchens where the grills and stoves are used. In February 2022, the Scottish government issued a new rule requiring every house in Scotland to have a heat alert in the kitchen. Carbon monoxide detectors are required if the property includes a fire, stove, grills, or other heat sources.

By end-use industry, the market has been segmented into medical, automotive, petrochemical, building automation, industrial, environmental, and others. The automotive sector will constitute a significant market share during the forecasted period due to increased accidents and a higher concern for people's safety, which led to high demand for carbon monoxide detectors. In July 2020, Honda Power Equipment introduced the CO-MINDERTM, a new advanced carbon monoxide (CO) detection device intended to help protect users from carbon monoxide poisoning.

By region, North America is expected to retain a considerable market share due to government regulations and increasing accidents, which has propelled the demand for installing carbon monoxide detectors in the region. According to the US Fire Administration, carbon monoxide pollution claims the lives of over 150 Americans yearly. Similarly, the Ontario Association of Fire Chiefs reports that more than 50 individuals pass away from CO poisoning each year in Canada.

The major players covered in the carbon monoxide detectors market study are ABB Ltd, Nest Labs, BRK Brands Inc., United Technologie, Yondwin Enterprise Co. Ltd., Leeo, Inc., X-SENSE, Safelincs Ltd, MTI Industries, Inc., Aeroqual Ltd, Robert Bosch GmbH, Siemens AG, Yokogawa Electric Corporation and Alphasense.

This Carbon Monoxide Detectors Market has been analyzed into the following segments:

• By Sensor Type

o Biomimetic
o Electrochemical
o Semiconductor

• By Application

o Fuel Fired Furnaces
o Gas Water Heaters
o Charcoal Grills
o Others

• By End-Use Industry

o Medical
o Automotive
o Petrochemical
o Residential
o Industrial
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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