Carbon Dioxide (CO2) Monitors Market Synopsis

Carbon Dioxide (CO2) Monitors Market Size is Valued at USD 0.46741 Billion in 2023, and is Projected to Reach USD 0.84 Billion by 2032, Growing at a CAGR of 7.60% From 2024-2032.

Specifically, the market of Carbon Dioxide (CO2) monitors has recently received a lot of attention due to the enhanced concern with the quality of the air inside the buildings and its effect on people’s health and performance. CO2 monitors are necessary tools to detect the level of carbon dioxide in the ambient environment and get the information that is vital for creating comfortable temperature and air quality in dwelling houses, offices and industrial premises. The increasing prevalence of respiratory diseases and other health risks associated with the poor quality of indoor air also contributed towards the increase in demand of regulations and standards for maintaining appropriate level of CO2 and hence is driving the growth of the market.

• They include; technological developments with regards to the carbon dioxide monitors have also acted as a supreme factor to the market. Current generation CO2 monitor features advanced sensor technologies and smart features that include improved accuracy and compatibility with other facilities management systems. This integration allows users to easily control and manage air quality from a distance making the user experience better as well as encouraging energy saving. Smart Homes and Buildings concept has become popular in recent years, making the efficiency of CO2 monitoring high which provide direction for product design and evolution.
• By region, the North America region is likely to continue to have the largest market share in carbon dioxide monitors market, which with the region’s increasing focus regulation on indoor air quality and key manufacturers. On the other hand, the Asia-Pacific region is expected to register substantial growth in the future, thanks to expanding urbanization, increasing industrialization, as well as the growing concern among consumers regarding air pollution. Given the current concerns towards health and safety amongst the residential and commercial sectors, there is expected to be increasing demand for the CO2 monitors in the future, thus the market players can use this as a good potential area for expansion and development.

Carbon Dioxide (CO2) Monitors Market Trend Analysis

Integration with Smart Technologies

• Carbon dioxide (CO2) monitors combined with the smart technologies are changing the approach to air quality control across different applications. Modern Smart CO2 monitors are gradually integrated with IoT (Internet of Things) technologies, enabling the constant collection and monitoring of data using mobile applications or web Interfaces. This connectedness allows users to monitor the specific conditions of the air quality, monitor the CO2, and get alerts on potential problems. The design of these monitors also enables them to connect with other building management systems for optimized control of such aspects as ventilation and HV/AC units using CO2 data from the monitors in real-time. Besides, this trend also adds to the overall quality of indoor air, increases energy effectiveness resulting in reduction of costs and fulfillment of goals associated with sustainability.
• Also, the increase in awareness of Indoor Air Quality and especially during this COVID-19 situation has led to fast adoption of smart CO2 monitoring devices in commercial as well as domestic applications. People’s health is a growing concern to organizations, and hence there has been development of monitoring technologies to track aspects of indoor air quality. The integration of the CO2 monitors with the smart technologies also enhances user interconnectivity among the devices so that when changes of the quality of the air occurs, then due action is taken automatically. Consequently, through promoting cleaner air indoors people which include business people and homeowners, would require new extensive and efficient carbon dioxide monitoring for improving indoor air quality that will work harmoniously with other smart systems.

Increased Demand in Commercial Spaces

• The additional requirement for CO2 sensors across business outlets is primarily due to a heightened emphasis on IAQ. Since everyone wants to have healthy working space at the workplace, employers have increased the chances of checking the quality of air as a way of improving comfort to workers hence increasing efficiency. This is achieved by having CO2 monitors that in turn give real time readings of CO2 concentrations to enable the facility managers to vary the ventilation standards. This tendency is especially acute in offices, shops, stores and hotels and resorts where comfort and, therefore, air quality is crucial to customer and staff satisfaction.
• However, the recent global health crises play a significant role in the advance of CO2 monitoring solutions in commercial facilities. Many companies today are focusing more on monitoring health standards of the environment particularly in the new world following the COVID-19 outbreak which has forced organizations to install high end monitoring such as air quality. Besides, it also helps in compliance with health and safety rules: it is something that is good for a business because it will always be a step ahead of the rules and standards set, making it more reliable to clients and investors. Therefore, there is increased growth prospects in the use of the CO2 monitors especially with manufacturers directing their energy towards improving the technology in such devices so that they can fit into the current building management systems to enhance their efficiency and usability.

Carbon Dioxide (CO2) Monitors Market Segment Analysis:

Carbon Dioxide (CO2) Monitors Market Segmented on the basis of By Product, By Type and By Application

By Type, End-Tidal Carbon Dioxide (EtCO2) Monitors segment is expected to dominate the market during the forecast period

• End Tidal Co2 Monitor and Trans Cutaneous Co2 Monitor. EtCO2 is most often applied in clinical practice during anesthesia and critical care to evaluate the patient’s respiratory status from the point of view of CO2 removal efficiency of the respiratory organs based on the concentration of carbon dioxide in exhaled breath. Such monitoring is especially important in order to timely notice that patient’s ventilation needs to be improved also to evaluate the results of the resuscitation process.
• On the other hand, tcpCO2 monitors evaluate the partial pressure of carbon dioxide with the interstitial fluid of skin to have a noninvasonve measure of CO2 levels in the body. These monitors prove especially useful where there is a need for monitoring the patient for more than a short time such as in a newborn baby or in patients with symptoms of chronic respiratory diseases. Specifically the rising rates of respiratory diseases and the conception of patient safety and safety observation in healthcare facilities are the major reasons that have seen both EtCO2 and tcpCO2 monitors demanded in the market. However, this segmentation enables specific applications in different areas, particular to clinical setting, being of more benefit to the patients.

By Application, Wettable Powder segment held the largest share in 2024

• The Carbon Dioxide (CO2) monitors market serves a diverse range of applications, each critical for ensuring safety and optimizing environments. In hospitals, CO2 monitors are essential for maintaining proper air quality in patient rooms and surgical areas, helping to prevent airborne infections and promote recovery. Similarly, in scientific research facilities, accurate monitoring of CO2 levels is crucial for various experiments and processes, particularly in areas like microbiology and climate studies. Breweries and greenhouses also rely on CO2 monitors to manage fermentation processes and optimize plant growth, respectively, by ensuring the right atmospheric conditions are maintained. Additionally, underground car parks utilize these monitors to detect excessive CO2 buildup, ensuring the safety of individuals and preventing hazardous situations.
• Furthermore, the demand for CO2 monitors in office buildings is rapidly increasing as organizations recognize the importance of maintaining indoor air quality to enhance employee productivity and well-being. With a growing emphasis on healthy work environments, businesses are investing in CO2 monitoring systems to detect and manage air quality effectively. This trend is bolstered by increased awareness of the impact of CO2 levels on cognitive function and overall health. As the market continues to expand, manufacturers are expected to innovate and tailor solutions to meet the specific needs of each application, fostering improved air quality across various settings.

Carbon Dioxide (CO2) Monitors Market Regional Insights:

North America is expected to dominate the market

• North America is expected to lead the Carbon Dioxide (CO2) monitors market because of governments’ increasing intervention, rising concern of IAQ, and health consciousness. The area is blessed with strictly complied legal requirements on pollutions and construction where carbonate levels in commercial and industrial places are scrutinized. This has led companies especially in health, education and accommodations to seek for more enhanced CO2 monitoring systems to meet regulatory requirements, besides providing a secure atmosphere to its occupants. Furthermore, more facilities incorporating smart building features contribute to the use of CO2 monitors because the integrated devices can plug into existing structures to monitor air quality.
• Also; COVID 19 pandemic had further boosted the consciousness level of people regarding IAQ and thus there is a demand for CO2 monitor across various segments. A better appreciation of the importance of air changes has emerged as organisations seek to prevent the sprea of airborne viruses. This trend is visible in both the residential and the commercial premises whereby customers and companies respectively, are considering health and safety features. Therefore, the key trends observed is that manufacturers will cut their investments on the R&D to develop new products to meet the increasing demand within North America, thus positioning the region as a key market for the CO2 monitors.

Active Key Players in the Carbon Dioxide (CO2) Monitors Market

• General Electric (U.S.)
• Drägerwerk AG & Co. KGaA (Germany)
• Masimo (U.S.)
• Medtronic (U.S.)
• Mindray DS USA, Inc. (U.S.)
• Nihon Kohden Corporation (Japan)
• Nonin (U.S.)
• Radiometer Medical ApS (Denmark)
• Smiths Medical (U.K.)
• B. Braun Melsungen AG (Germany)
• Axetris AG (Switzerland), and other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Carbon Dioxide (CO2) Monitors Market by Product
 4.1 Carbon Dioxide (CO2) Monitors Market Snapshot and Growth Engine
 4.2 Carbon Dioxide (CO2) Monitors Market Overview
 4.3 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors: Geographic Segmentation Analysis

Chapter 5: Carbon Dioxide (CO2) Monitors Market by Type
 5.1 Carbon Dioxide (CO2) Monitors Market Snapshot and Growth Engine
 5.2 Carbon Dioxide (CO2) Monitors Market Overview
 5.3 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors: Geographic Segmentation Analysis

Chapter 6: Carbon Dioxide (CO2) Monitors Market by Application
 6.1 Carbon Dioxide (CO2) Monitors Market Snapshot and Growth Engine
 6.2 Carbon Dioxide (CO2) Monitors Market Overview
 6.3 Hospital Use
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospital Use: Geographic Segmentation Analysis
 6.4 Scientific Research
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Scientific Research: Geographic Segmentation Analysis
 6.5 Breweries
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Breweries: Geographic Segmentation Analysis
 6.6 Greenhouses
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Greenhouses: Geographic Segmentation Analysis
 6.7 Underground Car Parks
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Underground Car Parks: Geographic Segmentation Analysis
 6.8 Office Buildings
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Office Buildings: Geographic Segmentation Analysis
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Carbon Dioxide (CO2) Monitors Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 GENERAL ELECTRIC (U.S.)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 DRÄGERWERK AG & CO KGAA (GERMANY)
 7.4 MASIMO (U.S.)
 7.5 MEDTRONIC (U.S.)
 7.6 MINDRAY DS USA INC (U.S.)
 7.7 NIHON KOHDEN CORPORATION (JAPAN)
 7.8 NONIN (U.S.)
 7.9 RADIOMETER MEDICAL APS (DENMARK)
 7.10 SMITHS MEDICAL (U.K.)
 7.11 B. BRAUN MELSUNGEN AG (GERMANY)
 7.12 AXETRIS AG (SWITZERLAND)
 7.13 OTHER ACTIVE PLAYERS

Chapter 8: Global Carbon Dioxide (CO2) Monitors Market By Region
 8.1 Overview
 8.2. North America Carbon Dioxide (CO2) Monitors Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Product
  8.2.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.2.5 Historic and Forecasted Market Size By Type
  8.2.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.2.6 Historic and Forecasted Market Size By Application
  8.2.6.1 Hospital Use
  8.2.6.2 Scientific Research
  8.2.6.3 Breweries
  8.2.6.4 Greenhouses
  8.2.6.5 Underground Car Parks
  8.2.6.6 Office Buildings
  8.2.6.7 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Carbon Dioxide (CO2) Monitors Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Product
  8.3.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.3.5 Historic and Forecasted Market Size By Type
  8.3.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.3.6 Historic and Forecasted Market Size By Application
  8.3.6.1 Hospital Use
  8.3.6.2 Scientific Research
  8.3.6.3 Breweries
  8.3.6.4 Greenhouses
  8.3.6.5 Underground Car Parks
  8.3.6.6 Office Buildings
  8.3.6.7 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Bulgaria
  8.3.7.2 The Czech Republic
  8.3.7.3 Hungary
  8.3.7.4 Poland
  8.3.7.5 Romania
  8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Carbon Dioxide (CO2) Monitors Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Product
  8.4.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.4.5 Historic and Forecasted Market Size By Type
  8.4.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.4.6 Historic and Forecasted Market Size By Application
  8.4.6.1 Hospital Use
  8.4.6.2 Scientific Research
  8.4.6.3 Breweries
  8.4.6.4 Greenhouses
  8.4.6.5 Underground Car Parks
  8.4.6.6 Office Buildings
  8.4.6.7 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 Netherlands
  8.4.7.5 Italy
  8.4.7.6 Russia
  8.4.7.7 Spain
  8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Carbon Dioxide (CO2) Monitors Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Product
  8.5.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.5.5 Historic and Forecasted Market Size By Type
  8.5.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.5.6 Historic and Forecasted Market Size By Application
  8.5.6.1 Hospital Use
  8.5.6.2 Scientific Research
  8.5.6.3 Breweries
  8.5.6.4 Greenhouses
  8.5.6.5 Underground Car Parks
  8.5.6.6 Office Buildings
  8.5.6.7 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Carbon Dioxide (CO2) Monitors Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Product
  8.6.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.6.5 Historic and Forecasted Market Size By Type
  8.6.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.6.6 Historic and Forecasted Market Size By Application
  8.6.6.1 Hospital Use
  8.6.6.2 Scientific Research
  8.6.6.3 Breweries
  8.6.6.4 Greenhouses
  8.6.6.5 Underground Car Parks
  8.6.6.6 Office Buildings
  8.6.6.7 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkey
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Carbon Dioxide (CO2) Monitors Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Product
  8.7.4.1 Wall-Mounted Carbon Dioxide Monitors and Pipeline Carbon Dioxide Monitors
  8.7.5 Historic and Forecasted Market Size By Type
  8.7.5.1 End-Tidal Carbon Dioxide Monitors and Transcutaneous Carbon Dioxide Monitors
  8.7.6 Historic and Forecasted Market Size By Application
  8.7.6.1 Hospital Use
  8.7.6.2 Scientific Research
  8.7.6.3 Breweries
  8.7.6.4 Greenhouses
  8.7.6.5 Underground Car Parks
  8.7.6.6 Office Buildings
  8.7.6.7 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research