Global Terahertz Technology Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Terahertz Imaging, Terahertz Communication System, Terahertz Spectroscopy), By Sources (Laser Sources, Semiconductor Sources), By End-User Application (Healthcare, Food & Agriculture, Defense & Security, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Apr 2025
  • Report Code : KSI061610851
  • Pages : 140
excel pdf power-point

The carbon monoxide detectors market is expected to grow at a CAGR of 3.36% over the forecast period, reaching US$681.332 million by 2030, up from US$577.645 million in 2025.

Carbon monoxide detectors are devices that detect the presence of carbon monoxide in an indoor environment and assist in safeguarding against carbon monoxide poisoning. The increasing demand for manufacturing, industrial activity, and high carbon monoxide emissions are the primary drivers for carbon monoxide detectors market growth. One of the primary factors driving market expansion is the implementation of stringent government regulations. Furthermore, due to the high number of carbon monoxide poisoning cases, governments in numerous states and countries worldwide have mandated the installation of these detectors, boosting their market growth during the forecast period.

The carbon monoxide detectors market is expanding due to the increasing number of initiatives undertaken by governments worldwide, including the launch of campaigns and the introduction of new policies, which have contributed to raising awareness and driving sales of carbon monoxide detectors. 

Carbon monoxide leakage or an increase in carbon monoxide levels can impact end-users, including individual consumers, industrial facilities, public buildings, healthcare organizations, and educational institutions. They are in high demand due to an increase in the number of accidents and a greater concern for people's safety. Furthermore, increased awareness about the dangers of carbon monoxide poisoning in these industries has raised the demand for carbon monoxide detectors, driving market growth throughout the forecast period.

Carbon Monoxide Detectors Market Key Developments

  • In April 2024, Honeywell announced that it would be the first gas detector manufacturer to participate in the ‘Made in Saudi’ initiative, reaffirming its commitment to fostering localization and economic diversification in Saudi Arabia. It will locally assemble and calibrate three distinct gas detection solutions at its Dammam facility. Among these solutions is the Honeywell BW Max XT II, a portable multi-gas detector that workers use to detect gases such as hydrogen sulfide and carbon monoxide in hazardous environments.
  • In October 2023, ABB expanded its carbon capture partnership to support the development of the future workforce and energy transition alongside Imperial College. ABB is equipping students with the expertise required to operate industrial processes by demonstrating how the latest technology can optimize plant performance and safely respond to emergencies in real-world applications.

Carbon Monoxide Detectors Market Segmentation

  • By Sensor Type
    • Biomimetic
    • Electrochemical
    • Semiconductor
  • By Form
    • Fixed Alarm
    • Portable Alarm
  • By Application
    • Fuel Fired Furnaces
    • Gas Water Heaters
    • Charcoal Grills
    • Others
  • By End-user Industry
    • Medical
    • Automotive
    • Petrochemical
    • Residential
    • Industrial
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Terahertz Technology Market was valued at US$334.634 million in 2020.

The global terahertz technology market is projected to reach a market size of US$1,670.976 million by 2027.

The terahertz technology market is projected to grow at a CAGR of 25.83% during the forecast period.

One of the prime reasons supporting the growth of the market is the growing demand for terahertz technology in defense-related applications.

The terahertz technology market has been segmented by type, sources, end-user application, and geography.