Global Carbon Dioxide (CO2) Monitors Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Carbon Dioxide (CO2) Monitors Market Size

• The global carbon dioxide (CO2) monitors market size was valued at USD 679.38 million in 2024 and is expected to reach USD 1373.7 million by 2032, at a CAGR of 9.20% during the forecast period
• The market growth is primarily driven by increasing awareness of indoor air quality, stringent environmental regulations, and the rising need for CO2 monitoring in healthcare, industrial, and commercial settings
• The growing emphasis on workplace safety, coupled with advancements in sensor technology and IoT integration, is further accelerating the adoption of CO2 monitors across various applications

Carbon Dioxide (CO2) Monitors Market Analysis

• CO2 monitors, critical for measuring carbon dioxide levels in real-time, are increasingly essential in healthcare, environmental monitoring, and industrial applications due to their ability to ensure safety, optimize processes, and comply with regulatory standards
• The demand for CO2 monitors is fueled by rising concerns about air quality, particularly in urban areas, and the need for precise monitoring in medical settings, such as hospitals for patient respiratory monitoring
• North America dominated the carbon dioxide (CO2) monitors market with the largest revenue share of 42.5% in 2024, driven by advanced healthcare infrastructure, high adoption of smart building technologies, and stringent regulations on air quality in the U.S. and Canada
• Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid urbanization, increasing industrial activities, and growing awareness of environmental and health safety standards in countries such as China and India
• The wall-mounted carbon dioxide (CO2) monitors segment dominated the largest market revenue share of 62.5% in 2024, driven by their widespread use in monitoring indoor air quality and integration with heating, ventilation, and air-conditioning (HVAC) systems in commercial and residential settings

Report Scope and Carbon Dioxide (CO2) Monitors Market Segmentation     

Carbon Dioxide (CO2) Monitors Market Trends

“Increasing Integration of IoT and Advanced Sensor Technologies”

• The global carbon dioxide (CO2) monitors market is experiencing a notable trend toward the integration of Internet of Things (IoT) and advanced sensor technologies
• These technologies enable real-time monitoring and data analysis, providing precise measurements of CO2 levels across various applications such as hospitals, breweries, and office buildings
• IoT-enabled CO2 monitors allow for proactive environmental management, identifying unsafe CO2 levels before they pose health or operational risks
  • For instance, companies are developing IoT-driven platforms that integrate CO2 monitors with smart building systems to optimize ventilation based on real-time air quality data or provide alerts for hazardous CO2 concentrations in industrial settings
• This trend enhances the functionality of CO2 monitors, making them more appealing to industries such as healthcare, agriculture, and commercial facilities
• Advanced sensors can detect a wide range of environmental parameters, including CO2 concentration, temperature, and humidity, enabling comprehensive air quality monitoring

Carbon Dioxide (CO2) Monitors Market Dynamics

Driver

“Rising Demand for Indoor Air Quality Monitoring and Regulatory Compliance”

• Growing awareness of the health risks associated with poor indoor air quality, such as respiratory issues and cognitive impairment, is a major driver for the global CO2 monitors market
• CO2 monitors enhance safety by providing critical data for maintaining healthy environments in applications such as hospital use, scientific research, breweries, greenhouses, underground car parks, and office buildings
• Government regulations, particularly in North America and Europe, mandating air quality standards in workplaces, healthcare facilities, and public spaces, are accelerating the adoption of CO2 monitoring systems
• The proliferation of IoT and the rollout of 5G technology are enabling faster data transmission and more reliable connectivity, supporting advanced CO2 monitoring applications
• Manufacturers are increasingly offering integrated CO2 monitoring solutions as standard features in smart building systems and healthcare equipment to meet regulatory and consumer demands

Restraint/Challenge

“High Costs of Deployment and Data Privacy Concerns”

• The high initial costs for hardware, software, and integration of CO2 monitoring systems can be a significant barrier, particularly for small-scale applications or in emerging markets
• Retrofitting existing facilities with CO2 monitors, such as wall-mounted or pipeline systems, can be complex and expensive
• Data privacy and security concerns are a major challenge, as CO2 monitors, especially IoT-enabled devices, collect and transmit sensitive environmental and operational data, raising risks of breaches or misuse
• The varied regulatory landscape across countries regarding data protection and environmental monitoring standards complicates compliance for global manufacturers and service providers
• These factors may deter adoption in cost-sensitive regions or areas with heightened awareness of data privacy, potentially limiting market growth

Carbon Dioxide (CO2) Monitors market Scope

The market is segmented on the basis of product, type, and application.

• By Product

On the basis of product, the global carbon dioxide (CO2) monitors market is segmented into wall-mounted carbon dioxide (CO2) monitors and pipeline carbon dioxide (CO2) monitors. The wall-mounted carbon dioxide (CO2) monitors segment dominated the largest market revenue share of 62.5% in 2024, driven by their widespread use in monitoring indoor air quality and integration with heating, ventilation, and air-conditioning (HVAC) systems in commercial and residential settings.

The pipeline carbon dioxide (CO2) monitors segment is expected to witness the fastest growth rate of 10.2% from 2025 to 2032, driven by their critical role in industrial applications such as breweries and scientific research, where precise CO2 monitoring in controlled environments is essential for safety and process optimization.

• By Type

On the basis of type, the global carbon dioxide (CO2) monitors market is segmented into end-tidal carbon dioxide (EtCO2) monitors and transcutaneous carbon dioxide (tcpCO2) monitors. The end-tidal carbon dioxide (EtCO2) monitors segment is expected to hold the largest market revenue share of 68.7% in 2024, primarily due to their portability, cost-effectiveness, and widespread adoption in healthcare settings for monitoring respiratory conditions.

The transcutaneous carbon dioxide (tcpCO2) monitors segment is anticipated to experience the fastest growth rate of 9.8% from 2025 to 2032, driven by increasing demand for non-invasive monitoring in critical care and neonatal applications, where precise CO2 measurement is vital for patient safety.

• By Application

On the basis of application, the global carbon dioxide (CO2) monitors market is segmented into hospital use, scientific research, breweries, greenhouses, underground car parks, office buildings, and others. The hospital use segment is expected to hold the largest market revenue share of 35.6% in 2024, driven by the critical need for CO2 monitoring in healthcare settings to track patients’ respiratory conditions and ensure proper ventilation in medical facilities.

The breweries segment is anticipated to witness the fastest growth from 2025 to 2032, fueled by the rising demand for precise CO2 control to ensure optimal fermentation processes and product quality in the growing global beverage industry.

Carbon Dioxide (CO2) Monitors Market Regional Analysis

• North America dominated the carbon dioxide (CO2) monitors market with the largest revenue share of 42.5% in 2024, driven by advanced healthcare infrastructure, high adoption of smart building technologies, and stringent regulations on air quality in the U.S. and Canada
• Consumers and industries prioritize CO2 monitors for ensuring safety, improving indoor air quality, and meeting regulatory standards, particularly in environments with high CO2 exposure risks
• Growth is supported by advancements in sensor technology, including non-dispersive infrared (NDIR) and electrochemical sensors, alongside rising adoption in both medical and industrial segments

U.S. Carbon Dioxide (CO2) Monitors Market Insight

The U.S. carbon dioxide (CO2) monitors market captured the largest revenue share of 84.4% in 2024 within North America, fueled by strong demand in healthcare, particularly for end-tidal carbon dioxide (EtCO2) monitors in hospitals, and growing awareness of air quality in commercial and industrial settings. The trend towards smart building solutions and stringent workplace safety regulations further boosts market expansion. The integration of CO2 monitors in medical devices and building management systems complements both OEM and aftermarket sales, creating a diverse product ecosystem.

Europe Carbon Dioxide (CO2) Monitors Market Insight

The Europe carbon dioxide (CO2) monitors market is expected to witness significant growth, supported by regulatory emphasis on indoor air quality and workplace safety. Consumers and businesses seek monitors that ensure optimal ventilation and compliance with environmental standards. Growth is prominent in both healthcare applications, such as transcutaneous carbon dioxide (tcpCO2) monitoring, and industrial applications such as breweries and greenhouses, with countries such as Germany and France showing significant uptake due to rising environmental concerns and urbanization.

U.K. Carbon Dioxide (CO2) Monitors Market Insight

The U.K. market for carbon dioxide (CO2) monitors is expected to witness rapid growth, driven by demand for enhanced indoor air quality in urban office buildings and public spaces. Increased awareness of CO2-related health risks and the need for energy-efficient ventilation systems encourage adoption. Evolving regulations on workplace safety and environmental monitoring influence consumer choices, balancing accuracy with compliance.

Germany Carbon Dioxide (CO2) Monitors Market Insight

Germany is expected to witness rapid growth in the carbon dioxide (CO2) monitors market, attributed to its advanced healthcare and manufacturing sectors and high consumer focus on air quality and energy efficiency. German industries prefer technologically advanced monitors, such as wall-mounted and pipeline CO2 monitors, that contribute to safer environments and lower operational costs. The integration of these monitors in medical and industrial applications supports sustained market growth.

Asia-Pacific Carbon Dioxide (CO2) Monitors Market Insight

The Asia-Pacific region is expected to witness the fastest growth rate in the global carbon dioxide (CO2) monitors market, driven by expanding healthcare infrastructure and rising industrial activities in countries such as China, India, and Japan. Increasing awareness of air quality, workplace safety, and environmental sustainability is boosting demand. Government initiatives promoting energy efficiency and health safety standards further encourage the use of advanced CO2 monitors in applications such as hospitals, greenhouses, and underground car parks.

Japan Carbon Dioxide (CO2) Monitors Market Insight

Japan’s carbon dioxide (CO2) monitors market is expected to witness rapid growth due to strong consumer preference for high-quality, technologically advanced monitors that enhance safety and environmental monitoring. The presence of major medical device manufacturers and the integration of CO2 monitors in healthcare and industrial applications accelerate market penetration. Rising interest in smart building technologies and aftermarket solutions also contributes to growth.

China Carbon Dioxide (CO2) Monitors Market Insight

China holds the largest share of the Asia-Pacific carbon dioxide (CO2) monitors market, propelled tailored by rapid urbanization, increasing healthcare investments, and growing demand for air quality monitoring solutions. The country’s expanding middle class and focus on smart cities support the adoption of advanced CO2 monitors, particularly in office buildings and scientific research. Strong domestic manufacturing capabilities and competitive pricing enhance market accessibility.

Carbon Dioxide (CO2) Monitors Market Share

The carbon dioxide (CO2) monitors industry is primarily led by well-established companies, including:

• 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)
• RKI Instruments (U.S.)
• Analox Group (U.K.)
• Honeywell International Inc. (U.S.)
• Siemens AG (Germany)

What are the Recent Developments in Global Carbon Dioxide (CO2) Monitors Market?

• In March 2025, Skyfora, a Finnish company specializing in AI-powered weather forecasting, raised a funding round led by Ugly Duckling Ventures and LUMO Labs, with support from Voima Ventures and the EIC Fund. The investment will accelerate deployment of Skyfora’s Telecom GNSS Meteorology solution, which transforms existing cell towers into high-resolution weather sensors. This breakthrough enhances atmospheric data collection, supporting climate resilience, disaster response, and CO₂ monitoring. The funding reflects growing interest in environmental intelligence technologies as climate change intensifies
• In June 2024, the global carbon dioxide (CO₂) market was valued at approximately USD 10.71 billion and is projected to reach USD 11.29 billion by 2025, reflecting steady growth driven by rising industrial applications and advancements in carbon capture and utilization (CCU) technologies. While this valuation pertains to the CO₂ market itself, the expansion directly fuels demand for CO₂ monitoring solutions, especially in sectors such as energy, manufacturing, and healthcare. As industries increasingly adopt emissions tracking and automation tools, the need for accurate and scalable CO₂ monitoring infrastructure continues to rise
• In December 2023, Air Liquide announced plans to build one of Europe’s largest carbon capture and storage (CCS) units at its hydrogen production plant in Rotterdam, the Netherlands. Utilizing its proprietary Cryocap™ technology, the facility will capture CO₂ using a cryogenic process and connect to the Porthos infrastructure for permanent storage in depleted North Sea gas fields. Scheduled to be operational by 2026, the project represents a major investment in large-scale CO₂ management, with implications for the growing demand for CO₂ monitoring and automation solutions across industrial sectors
• In April 2023, Linde signed a long-term agreement with ExxonMobil for the off-take and permanent storage of 2.2 million metric tons of CO₂ annually from Linde’s clean hydrogen production facility in Beaumont, Texas. This collaboration marks ExxonMobil’s largest commercial CO₂ offtake agreement to date, supporting the development of a carbon capture and storage (CCS) network in the Gulf Coast. The project is expected to begin operations in 2025, and it underscores the growing importance of robust CO₂ monitoring infrastructure in enabling large-scale industrial decarbonization
• In March 2023, several large-scale carbon capture facilities became operational in the United States, signaling strong growth in the market for CO₂ monitoring equipment. Notable projects include the Blue Flint Ethanol plant in North Dakota, which captures over 200,000 metric tons of CO₂ annually through fermentation-based CCS; Linde’s Clear Lake facility in Texas, which supplies captured CO₂ for low-carbon methanol production; and the first 1,000 tCO₂/year direct air capture plants by Heirloom and Global Thermostat, marking significant milestones in scalable carbon removal technologies. These developments reflect rising demand for industrial emissions tracking and automation

SKU-61718