Carbon Monoxide (CO) Gas Sensors Market - Growth, Trends, and Forecast (2020 - 2025)
|発行||Mordor Intelligence LLP||商品コード||393344|
|出版日||ページ情報||英文 120 Pages
|一酸化炭素（CO）センサーの世界市場：成長・動向・予測 Carbon Monoxide (CO) Gas Sensors Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日: 2020年01月01日||ページ情報: 英文 120 Pages||
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 (2020-2025). 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.
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.
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.
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.