Volatile Organic Compound (VOC) Sensors and Monitors Market Segmentation by Product Type (Sensors, Monitors); by Application (Industrial Process Monitoring, Environmental Monitoring, Air Purification Monitoring, and Leak Detection); by End User (Oil & Gas Transportation, Electronics, Printing and Others)-Global Demand Analysis & Opportunity Outlook 2030

Global Volatile Organic Compound (VOC) Sensors and Monitors Market Highlights over 2022-2030

The global volatile organic compound (VOC) sensors and monitors market is estimated to be approximately USD 16 Billion in 2021 and further grow at a CAGR of nearly 5% over the forecast period, i.e., 2022-2030. The growth of the market can be attributed to increasing awareness of indoor and outdoor air quality, and increasing implementation of government regulations for occupational safety and health over rise in concerns by industries. Moreover, increasing advances in sensor technology and system miniaturization, and flexible electronics are further driving the growth of the market.

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Volatile organic compounds refer to a wide range of carbon-based organic chemical compounds, found in gaseous state in various man-made and natural environments, which are harmful to human health and can cause environmental damage. VOC sensors and monitors are devices that can detect and measure ambient concentration of VOC gases, even at extreme low levels. VOC sensors and monitors are growing in demand on the back of increasing adoption for environmental air quality monitoring over growing air pollution.

However, VOC sensors used in industrial applications have low efficiency and consume more power at high temperatures. This factor may likely restrain the growth of the market.

The market is segmented by product type into sensors and monitors, out of which, the monitors segment is anticipated to hold the largest share of the market and witness significant growth over the forecast period owing to their increasing adoption to continuously maintain occupational health and safety standards at industrial workplaces, especially in industries such as oil & gas, chemicals, and building and construction.

Based on application, the market is segmented into industrial process monitoring, environmental monitoring, air purification monitoring, and leak detection, out of which, the air purification monitoring segment is estimated to hold the largest share of the market by growing at the highest rate over the forecast period. The growth of the segment is attributed to decreasing air quality in both indoor and outdoor environments making regular monitoring necessary.

Global Volatile Organic Compound (VOC) Sensors and Monitors Market Regional Synopsis

Regionally, the global volatile organic compound (VOC) sensors and monitors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is expected to be the largest market in value and witness growth over the forecast period owing to high demand for VOC sensors and monitors on the back of extensive infrastructure developments.

Asia-Pacific region is projected to witness the highest growth during the forecast period owing to increasing demand over fast-growing population, improvements in GDP per capita, and infrastructure developments.

Market Segmentation

Our in-depth analysis of the global volatile organic compound (VOC) sensors and monitors market includes the following segments:

By Product Type

• Sensors

• Monitors

By Application

• Industrial Process Monitoring

• Environmental Monitoring

• Air Purification Monitoring

• Leak Detection

By End-User

• Oil & Gas Transportation

• Electronics

• Printing

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Volatile Organic Compound (VOC) Sensors and Monitors Market

Growth Drivers

• Increasing awareness of indoor and outdoor air quality

• Increasing implementation of government regulations for occupational safety and health

Challenges

• Low efficiency and more power consumption at high temperatures in industrial applications

Key Companies Dominating the Global Volatile Organic Compound (VOC) Sensors and Monitors Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global VOC sensors and monitors market that are included in our report are Figaro Engineering Inc., Honeywell International Inc., Aeroqual, Siemens, Extech (FLIR Systems), Global Detection Systems Corp, Ushio Inc., AMS AG, Alphasense, and others.

Latest Developments in the Global Volatile Organic Compound (VOC) Sensors and Monitors Market:

• December 2021: A team of researchers from Trinity College Dublin and SFI Research Centre for Advanced Materials and BioEngineering Research (AMBER) have developed microscopic gas sensors using 3D printing technology. These devices have the ability to change colors in the presence of certain solvent vapors, and are believed to have major implications for real-time gas monitoring in homes, cars, workplaces, and even in wearable devices for personal health applications.

• In January 2021, Pittsburgh International Airport announced partnership with Honeywell International Inc. to become the first U.S. airport to deploy Honeywell’s Healthy Buildings dashboard, and air quality sensing technology. The technology can measure key indoor air quality (IAQ) parameters such as temperature, humidity, carbon dioxide, particulate matter and volatile organic compounds (VOC).

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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