VOC Sensors and Monitors Market to Value Over US$ 185 Million by 2026 End

  • 16 Jul 2019

Global VOC sensors and monitors market to value over US$ 185 Million by 2026 end and register a CAGR of over 4.5% from 2019 to 2026.
VOC sensors are used to detect Volatile Organic Compounds (VOC). These are gas sensors that detect VOC in their gaseous forms. Some VOCs are termed hazardous and can pollute the environment.

Based on device type, the market is segmented into monitors and sensors. VOC sensors are forecasted to drive the market in the coming years. Owing to the high integration of VOC sensors in IoT application and consumer electronics. VOC monitors help monitor toxic gases and hazardous emissions.

Stringent regulations imposed by the government towards the safety of the environment have spurred the demand for VOC monitors. Since some of the VOC are harmful to humans, raising awareness to control the quality of air is stimulating the growth of the market. Growing air pollution will result in the rapid demand for air purification which will accelerate the growth of the market in the coming time. VOC sensors and monitors can detect toxic gas and monitor hazardous emissions; it remains a key factor to fuel the growth of the market in the coming years. 
However, technical issues related to the consumption of energy are likely to hinder the growth of the market. 

Based on application, the market is segmented into air purification & monitoring, leak detection, industrial process monitoring, and environmental monitoring. The air purification & monitoring market is expected to propel the growth of the market in the coming years. Government’s policy towards environment safety is likely to boost the growth of environmental monitoring as well.  

North America accounts for the largest share of the market. North America is the leading producer of VOC sensors and monitors market. It remains a lucrative region for the manufacturers in the coming years. The rising demand for VOC sensors in transportation and underground infrastructure are the factors encouraging the robust growth of the market in this region.  Europe follows next after North America and is home to some of the prominent players in the market. Asia-Pacific region is also witnessed to see the growth of the market as developing economies like India and Japan are opting for VOC sensors and monitors to curb air pollution.
Prominent players of the market include Alphasense, FIGARO Engineering INC., Siemens AG, Extech, Drägerwerk and Global Detection Systems.

VOC Sensors and Monitors Market Segmentation
By Device Type 

•    Monitors 
•    Sensors

By Application
•    Air Purification & Monitoring 
•    Leak Detection
•    Industrial Process Monitoring
•    Environmental Monitoring 

By Region: 
•    Europe  
•    North America  
•    APAC  
•    Latin America 
•    Rest of World  

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants

FutureWise Takeaways: 
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data points affecting market growth  

Objectives of the Study: 
•    To provide with an exhaustive analysis on VOC sensors and monitor market based on the device types, application and region 
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  


Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com