Market Overview:
The global carbon monoxide meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about carbon monoxide poisoning and its prevention measures, rising demand for portable and handheld carbon monoxide meters, and growing adoption of smart homes. However, the high cost of advanced carbon monoxide meters may restrain the growth of this market during the forecast period. Based on type, the global carbon monoxide meter market is segmented into biomimetic, electrochemical, and metal oxide semiconductor (MOS) sensors. The biomimetic sensor segment is expected to account for a major share of this market in 2018 owing to its low manufacturing cost and high accuracy levels. Based on application, the global carbon monoxide meter market is segmented into fuel-fired furnaces, gas water heaters, charcoal grills, automotive exhaust systems inspection & measurement applications), HVAC systems (indoor air quality monitoring), laboratories & research institutes), and others (including residential applications).
Product Definition:
A carbon monoxide meter is an instrument used to measure the amount of carbon monoxide gas in the air. Carbon monoxide is a poisonous gas that can cause serious health problems, so it's important to know how much is present in your environment.
Biomimetic:
Biomimetic is a technology that makes use of the principle of biological motion to create an artificial limb or organ. It uses sensors and microprocessors to capture the users' movements and then stimulates the appropriate muscles, veins, arteries, nerves & tissues with electrical signals. The technology has been around for decades but recently there has been significant progress in developing these technologies into prosthetics which can be used by amputees as well as people who have suffered from stroke or spinal injuries.
Electrochemical:
Electrochemical is the branch of chemistry that deals with chemical reactions between two or more substances and their anions and cations. Electrochemical devices find wide application in areas such as medical, automotive, food & beverage processing, water treatment among others. In carbon monoxide (CO) meter market electrochemical devices are used for detection of carbon monoxide (CO) presence in various applications such as fuel additives testing, CO2 measurement in fermentation industries among others.
Application Insights:
The fuel-fired furnaces application segment accounted for the largest revenue share of over 40% in 2017. The rising demand for steel and other metals is expected to be a major factor driving the industry growth over the forecast period. In addition, growing use of coal as an energy source is anticipated to propel industry expansion further.
Carbon monoxide meters are used in several applications including water heaters, gas fireplaces, charcoal grills and others such as cement kilns or iron foundries. Growing awareness regarding CO¢â‚¬â„¢s harmful effects on human health has resulted in increased adoption across residential sectors which include space heating equipment installation along with continuous product innovation by various companies present in each region will continue fueling industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global carbon monoxide meter market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Honeywell International Inc.; Siemens; and Johnson Controls, Inc. has contributed to this growth. Increasing demand for charcoal grill products in countries such as India, China, Japan owing to their traditional cooking methods is anticipated to drive the regional market over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption of gas water heaters & furnaces across Germany, U.K.
Growth Factors:
- Increasing demand for carbon monoxide meters from the residential sector as a result of growing awareness about the health hazards associated with carbon monoxide poisoning.
- Rapid growth in construction activities, especially in developing countries, is expected to drive the demand for carbon monoxide meters over the next few years.
- Rising concerns about environmental pollution and its impact on human health is likely to boost demand for carbon monoxide meters in the near future.
- Growing popularity of portable and handheld devices is projected to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Monoxide Meter Market Research Report
By Type
Biomimetic, Electrochemical, Metal Oxide Semiconductor
By Application
Fuel Fired Furnaces, Gas Water Heaters, Charcoal Grills, Others
By Companies
Nest Labs, BRK Brands, Supco, Cosmos, Taiwan Hengxin, Enviroworld, Kidde, GXG, Pyle, Extech, Sensorcon Inspector Industrial, UEI, Reed, Fluke
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Monoxide Meter Market Report Segments:
The global Carbon Monoxide Meter market is segmented on the basis of:
Types
Biomimetic, Electrochemical, Metal Oxide Semiconductor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fuel Fired Furnaces, Gas Water Heaters, Charcoal Grills, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nest Labs
- BRK Brands
- Supco
- Cosmos
- Taiwan Hengxin
- Enviroworld
- Kidde
- GXG
- Pyle
- Extech
- Sensorcon Inspector Industrial
- UEI
- Reed
- Fluke
Highlights of The Carbon Monoxide Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Biomimetic
- Electrochemical
- Metal Oxide Semiconductor
- By Application:
- Fuel Fired Furnaces
- Gas Water Heaters
- Charcoal Grills
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Monoxide Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A carbon monoxide meter is a device that measures the amount of carbon monoxide in the air.
Some of the major players in the carbon monoxide meter market are Nest Labs, BRK Brands, Supco, Cosmos, Taiwan Hengxin, Enviroworld, Kidde, GXG, Pyle, Extech, Sensorcon Inspector Industrial, UEI, Reed, Fluke.
The carbon monoxide meter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Monoxide Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Carbon Monoxide Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Carbon Monoxide Meter Market - Supply Chain
4.5. Global Carbon Monoxide Meter Market Forecast
4.5.1. Carbon Monoxide Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Carbon Monoxide Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Carbon Monoxide Meter Market Absolute $ Opportunity
5. Global Carbon Monoxide Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Carbon Monoxide Meter Market Size and Volume Forecast by Type
5.3.1. Biomimetic
5.3.2. Electrochemical
5.3.3. Metal Oxide Semiconductor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Carbon Monoxide Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Carbon Monoxide Meter Market Size and Volume Forecast by Application
6.3.1. Fuel Fired Furnaces
6.3.2. Gas Water Heaters
6.3.3. Charcoal Grills
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Carbon Monoxide Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Carbon Monoxide Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Carbon Monoxide Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Carbon Monoxide Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Carbon Monoxide Meter Demand Share Forecast, 2019-2026
9. North America Carbon Monoxide Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Carbon Monoxide Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Carbon Monoxide Meter Market Size and Volume Forecast by Application
9.4.1. Fuel Fired Furnaces
9.4.2. Gas Water Heaters
9.4.3. Charcoal Grills
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Carbon Monoxide Meter Market Size and Volume Forecast by Type
9.7.1. Biomimetic
9.7.2. Electrochemical
9.7.3. Metal Oxide Semiconductor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Carbon Monoxide Meter Demand Share Forecast, 2019-2026
10. Latin America Carbon Monoxide Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Carbon Monoxide Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Carbon Monoxide Meter Market Size and Volume Forecast by Application
10.4.1. Fuel Fired Furnaces
10.4.2. Gas Water Heaters
10.4.3. Charcoal Grills
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Carbon Monoxide Meter Market Size and Volume Forecast by Type
10.7.1. Biomimetic
10.7.2. Electrochemical
10.7.3. Metal Oxide Semiconductor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Carbon Monoxide Meter Demand Share Forecast, 2019-2026
11. Europe Carbon Monoxide Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Carbon Monoxide Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Carbon Monoxide Meter Market Size and Volume Forecast by Application
11.4.1. Fuel Fired Furnaces
11.4.2. Gas Water Heaters
11.4.3. Charcoal Grills
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Carbon Monoxide Meter Market Size and Volume Forecast by Type
11.7.1. Biomimetic
11.7.2. Electrochemical
11.7.3. Metal Oxide Semiconductor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Carbon Monoxide Meter Demand Share, 2019-2026
12. Asia Pacific Carbon Monoxide Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Carbon Monoxide Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Carbon Monoxide Meter Market Size and Volume Forecast by Application
12.4.1. Fuel Fired Furnaces
12.4.2. Gas Water Heaters
12.4.3. Charcoal Grills
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Carbon Monoxide Meter Market Size and Volume Forecast by Type
12.7.1. Biomimetic
12.7.2. Electrochemical
12.7.3. Metal Oxide Semiconductor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Carbon Monoxide Meter Demand Share, 2019-2026
13. Middle East & Africa Carbon Monoxide Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Carbon Monoxide Meter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Carbon Monoxide Meter Market Size and Volume Forecast by Application
13.4.1. Fuel Fired Furnaces
13.4.2. Gas Water Heaters
13.4.3. Charcoal Grills
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Carbon Monoxide Meter Market Size and Volume Forecast by Type
13.7.1. Biomimetic
13.7.2. Electrochemical
13.7.3. Metal Oxide Semiconductor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Carbon Monoxide Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Carbon Monoxide Meter Market: Market Share Analysis
14.2. Carbon Monoxide Meter Distributors and Customers
14.3. Carbon Monoxide Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nest Labs
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BRK Brands
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Supco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cosmos
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Taiwan Hengxin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Enviroworld
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kidde
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GXG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pyle
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Extech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sensorcon Inspector Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. UEI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Reed
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fluke
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
