Carbon dioxide (CO2) monitor companies develop instruments for measuring and monitoring CO2 levels in various environments, including indoor air quality and industrial settings. These monitors are essential for safety and environmental control.
The Competitive Landscape of the Carbon Dioxide Monitor Market
From bustling factories exhaling industrial fumes to verdant greenhouses pulsating with plant life, across sterile hospital wards and bustling classrooms, an unseen conductor orchestrates the dance of gases – the Carbon Dioxide (CO2) monitor. This dynamic market pulsates with the competitive energy of players vying for control over these silent guardians of air quality. Unveiling the strategies, crucial factors, and overall landscape of this intricate market is vital for navigating its currents and securing a leading position.
Some of the Carbon Dioxide (CO2) Monitors companies listed below:
Strategies Adopted by Leaders:
Critical Factors for Market Share Analysis:
New and Emerging Companies:
Latest Company Updates:
Nov. 11, 2023- GHGSat (Canada), an emissions monitoring company, launched a satellite, Vanguard, to detect carbon dioxide emissions from facilities like coal plants and steel mills from space for the first time. Space-age technology is increasingly used to hold polluting industries accountable for their contributions to climate change. Launched from Vandenberg Space Force Base in California, Vanguard is available to industrial emitters, governments, and scientists who want to reduce their emissions.
Nov. 09, 2023- Kidde Safety Europe, a leading manufacturer of safety alarms and equipment, launched a new CO2 monitor to help people understand and improve indoor air quality in homes, workplaces, schools and hospitality venues. This new non-dispersive infrared (NDIR) monitor complies with the Scottish Building Standards requirements for mandatory CO2 monitors.
Sep. 06, 2022- CO2Meter Inc., a leading global gas detection, monitoring, and analytical device provider, launched a new, wall-mounted dual-sensor indoor CO2 grow controller, RAD-0502. This dual-sensor CO2 controller for grow rooms can monitor and control CO2 concentrations. This highly anticipated dual-sensor CO2 grow controller will allow indoor growers and mushroom farmers to control consistent CO2 levels throughout their grow space from a central display panel.
Nov. 12, 2020- UK-based Teledyne e2v's space imaging division announced completing Thales' Alenia Space contract to supply a specialized image sensor for CO2I and NO2 instruments. As the sensor partner for Thales Alenia Space, Teledyne's UK team will develop, manufacture and supply variants of their Capella CMOS visible image sensor from Chelmsford. The company will supply image sensors and detectors to the recently announced proposal of the European Space Agency to place six Copernicus Sentinel satellite missions in space.
The Carbon Dioxide (CO2) Monitors Market Size was valued at USD 0.4 billion in 2022. The Carbon Dioxide (CO2) Monitors market industry is projected to grow from USD 0.43 Billion in 2023 to USD 0.84 billion by 2032, contributing a compound annual growth rate (CAGR) of 8.70% during the projected period (2023 - 2032). Increased respiratory issues globally and rising awareness of CO2 monitoring devices are the key market drivers contributing to market revenue.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising awareness about CO2 monitors drives Market CAGR for Carbon Dioxide (CO2) Monitors. The unfavorable air ventilation at work or home is to blame for the increased health dangers. The number of small-space constructions with poor air ventilation has increased due to development and urbanization. The CO2 screens support the client by identifying dangerous gases and providing a report. Numerous lives can be saved by early detection of carbon dioxide levels before they reach maximum levels. Children lack resistance to CO2 gases and are more likely to become ill faster than adults, hence carbon dioxide monitors are becoming more and more popular.
Additionally, the development of cutting-edge technologies and their integration with carbon dioxide monitors, which alert and present necessary suggestions when the air quality is bad, have raised the market need for carbon dioxide monitors. For numerous surgeries, including endoscopy, and arthroscopy, CO2 gas is predominantly used as an insufflation component. It produces warm feelings and functions as a vasodilator for the body's skin by activating heat receptors in therapeutic baths. Carbon dioxide infusion makes it simple to execute endoscopic treatments on patients.
Carbon dioxide is being used to produce fuels and chemicals due to ongoing developments and R&D projects worldwide. Over the projection period, these factors are anticipated to increase carbon dioxide consumption in various applications. Due to factors like rising pollution levels, an aging population, and an increase in asthma and chronic bronchitis cases, the market for CO2 monitors is expected to experience growth. Additionally, this market may experience expansion due to the use of monitors in preserving the environment and research fields. As a result, it is projected that this will increase worldwide requirements for carbon dioxide in the upcoming years.
For instance, the CO2 screens that comply with California Assembly Bill AB 841 are the most suitable for the interior, such as in homerooms, hospital wards, fitness facilities, and workplaces, were sent off by the Forensic Locators in 2021. The COVID spread and likelihood of contracting an airborne sickness have significantly decreased because of the CO2 screen. Therefore, It is expected that demand for CO2 monitors will increase throughout the projection timeframe due to the rising respiratory issues. Thus, driving the Carbon Dioxide (CO2) Monitors market revenue.
The Carbon Dioxide (CO2) Monitors Market segmentation is based on products including Wall-mounted and Pipeline carbon dioxide (CO2) monitors. The Wall-mounted carbon dioxide (CO2) monitors dominated the market, accounting for 58.9% of the market share (USD 0.2 billion) in 2022. It is utilized for spot-checking in various industrial application that is driving the overall market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Carbon Dioxide (CO2) Monitors Market segmentation, based on Type, Includes End-tidal carbon dioxide (EtCO2) and Transcutaneous carbon dioxide (tcpCO2) monitors. The End-tidal carbon dioxide (EtCO2) monitors category generated significant revenue as of 2022, whereas, Transcutaneous carbon dioxide (tcpCO2) monitors is fasted growing category expected to grow post-pandemic at a fast rate in the projected period.
The Carbon Dioxide (CO2) Monitors Market segmentation based on Applications Includes Hospital use, Scientific research, Breweries, greenhouses, Underground Car parks, and Office Buildings. The Breweries category dominated the market, contributing 55% of the market share (USD 0.2 billion). Due to the increase in respiratory issues, health care is expected to be a growing sector during the anticipated period.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific (APAC) region dominates the market with 45.8% of the market share in 2022 due to rising cases of respiratory failures.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
European Region's Carbon Dioxide (CO2) Monitors market accounts for the second-largest market share due to rising awareness of the benefits of CO2 Monitors. Further, the German Carbon Dioxide (CO2) Monitors market and the UK Carbon Dioxide (CO2) Monitors market is anticipated to grow at a fast CAGR in the European Region.
The North America Carbon Dioxide (CO2) Monitors Market is anticipated to expand significantly during the projected timeframe. It is due to expanding awareness about CO2 monitoring benefits and rising air infections after COVID-19. Moreover, China’s Carbon Dioxide (CO2) Monitors market held the largest market share, and Japan’s Carbon Dioxide (CO2) Monitors market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to offer innovative products and diagnose new insights, which will help the Carbon Dioxide (CO2) Monitors market expand and generate a large market share. Market participants are also undertaking a strategic approach via the organic and inorganic route to expand their footprints worldwide, with important market developments including joint ventures, strategic alliances, mergers and acquisitions, capital expenditure, and collaboration with other organizations. As a hyper-competitive market, the Carbon Dioxide (CO2) Monitors industry must offer cost-effective and innovative products and solutions.
One of the strategic business tactics organizations use in the global Carbon Dioxide (CO2) Monitors industry is to manufacture locally to reduce expenses which will benefit clients and help capture the untapped market. Carbon Dioxide (CO2) Monitors industry has offered significant advantages in medical and technological areas. Major players in the Carbon Dioxide (CO2) Monitors market, including Dräger Medical GmbH, Medtronic PLC, OSI Systems Inc., Thames Medical, Criticare Systems Inc., GE Healthcare, Invivo, Masimo, Mindray North America, Nihon Kohden Corporation, Nonin Medical Inc., Philips Healthcare, Radiometer Medical ApS, and Smiths Medical, are attempting capture market share by investing in research and development to produce innovative and cost-effective solutions.
Incorporated in 1969, United Phosphorous (UPL) manufactures agricultural protection products, specialty, and other industrial chemicals. The largest manufacturer of agricultural chemicals in India is UPL. It ranks among the top five global producers of agrochemicals after patents. The UPL's diversification plan includes the CEL (Chemo Electronic Laboratory). It is one of India's top producers of poisonous gas detectors and the country's sole producer of chemical detector tubes. In January 2022, UPL Ltd collaborated with the US-based Tele sense organization in 2021 to launch the flexible sensor technology. This technology employs an AI platform to screen several limitations, including temperature Sensor resistance and CO2 levels. The combined effort increased the overall transaction rate in the USA. The primary purpose of the monitoring device is to keep an eye on the inside, primarily individual grain storage facilities.
GE Healthcare Systems is a leading worldwide medical technology and life sciences firm that provides technology, digital infrastructure, data analytics, and decision support systems. They offer a wide range of products, solutions, and services utilized in advancing and producing biopharmaceuticals and diagnosing, treating, and tracking patients. In June 2022, cutting-edge INVOSTM and MicrostreamTM on the CARESCAPE detailed monitoring platform were integrated as GE Healthcare and Medtronic received FDA 510(k) clearance. MicrostreamTM capnography (CO2) technology records changing respiratory impairment, and INVOSTM regional oximetry (rSO2) technology aids doctors in predicting issues more quickly than traditional local monitoring, improving patient outcomes and safety. The integration enables ongoing access at the bedside and during transportation and assists physicians in increasing efficiency, improving safety, and raising the standard of care.
June 2022 To integrate cutting-edge INVOSTM and MicrostreamTM on the CARESCAPE detailed monitoring platform, GE Healthcare and Medtronic received FDA 510(k) clearance and CE Mark approval. MicrostreamTM capnography (CO2) technology records changing respiratory impairment, and INVOSTM regional oximetry (rSO2) technology aids doctors in predicting issues more quickly than traditional local monitoring, improving patient outcomes and safety. The integration enables ongoing access at the bedside and during transportation and assists physicians in increasing efficiency, improving safety, and raising the standard of care.
January 2021 One of the major industry competitors, UPL Ltd, collaborated with the US-based Tele sense organization in 2021 to launch the flexible sensor technology. This technology employs an AI platform to screen several limitations, including temperature resistance and CO2 levels. The combined effort increased the overall transaction rate in the USA. The primary purpose of the monitoring device is to keep an eye on the inside, primarily individual grain storage facilities.
Carbon Dioxide Monitors Market Highlights:
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