VOC Sensors and Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
VOC sensing and monitoring devices are extensively used by researchers and scientists to closely evaluate the quality of air. These VOC sensors are getting traction because of profitability, user-friendliness, and cost-efficiency. These factors bolster demand in the VOC sensors and monitors market.
These novel technologies from the VOC sensors and monitors market are increasingly adopted in different industries. The primary reason for the adoption of these services is the enforcement of various laws. These laws act to ensure the occupational wellbeing of industry workers that work in confined industrial vicinity. So, there are crucial requirements for the services from VOC sensors and monitors market to ensure a healthy environment for the industry workers.
At the global platforms, there is an increasing concern for air quality due to rising VOC levels. These concerns are mainly coming from developing countries, and are expected to create opportunities in the VOC sensors and monitors market.
World Health Organization has come up with a report about the level of pollution. As per the data provided by WHO, the level of outdoor pollution has reached 8% during the last five years. The rapidly developing cities from different developing countries are adversely affected due to rising pollution. The increasing pollution has further created demand in the VOC sensors and monitors market.
Various government initiatives to control air pollution are also bolstering demand in the VOC sensors and monitors market. These government initiatives are expected to create prospects in the VOC sensors and monitors market.
The North American market is contributing with a larger portion in the VOC sensors and monitors market. The rising growth in the VOC sensors and monitors market in the North American market is on the back of the increasing application of sensing devices in commercial buildings and transportation systems.
The North American market also holds the second-largest position in the production of natural gas. This factor also bolsters growth in the VOC sensors and monitors market. Furthermore, the North American market also retains a prominent hold in excavation and mining activities. So the workers from these industries need occupational safety, and this safety requirement is bolstering growth in the VOC sensors and monitors market.
VOC Sensors and Monitors Market – Introduction
VOC sensing and monitoring devices are novel technological advancements, which have been finding extensive rate of adoption by the scientists and researchers for keeping a close check on the air quality. A VOC sensor incorporated ventilation system have been gaining significant traction in recent times, on account of its cost-efficiency, user-friendliness, and portability.
The VOC sensors and monitors market has been witnessing an upward growth trend and the sales of the devices equaled to nearly US$ 145 Mn in 2018. Surging law enforcement acts apropos of the occupational wellbeing of the workers operating in the confined industrial vicinity is among the chief growth driver of the VOC sensors and monitors market. Beside this, increasing concerns pertaining to the air quality, on the back of the rising levels of VOCs, especially in the developing countries is predicted to bode well for the growth of the VOC sensors and monitors market in the forthcoming years.
VOC Sensors and Monitors Market – Novel Developments
Some of the most prominent competitors operating in the competitive landscape of global VOC sensors and monitors market include –
These players have been endeavoring towards consolidating their positions in the VOC sensors and monitors market by making hefty investments in the research and development of novel products, which further aids them in regards to diversifying their product portfolio.
VOC Sensors and Monitors Market – Dynamics
Environmental Sensing Application to Bolster the Growth of the VOC Sensors and Monitors Market
According to data extracted from a World Health Organization’s (WHO) report, the outdoor pollution level has increased to 8% in the last five years and the highly growing cities in the developing countries have been adversely affected by pollution. With the rise in the level of air pollution at an alarming rate, the demand for VOC sensors and monitors tools have been increasing to keep a check on the air quality. Besides this, government initiatives in the direction of controlling air pollution have simultaneously inspired the use of these devices, which is predicted to deliver sustained growth prospects to the VOC sensors and monitors market in the forthcoming years.
North America to Acquire a Sizeable Share of the VOC Sensors and Monitors Market
A large share of the VOC sensors and monitors market is acquired by the North American market, on the back of the use of the sensing devices in underground transportation systems and commercial buildings.
North America’s status as the world’s second large-scale producer of natural gas also has an influence on market growth. Additionally, the region holds a significant position in the mining and excavation activities, which demands these devices to ensure a safe workplace for the workers and keep health hazardous incidences at bay. This trend is expected to help the market reach an impressive value in the forthcoming years.
VOC Sensors and Monitors Market – Restraint
High Energy Consumption of Devices Could Reflect Negatively on the Market
While VOC sensors and monitors have been gaining popularity, technical issues apropos of the size of the tools coupled with high energy consumption of the devices could act as an impeder to the market growth. In addition, the temperature of the tools apace with the technical concerns could hinder the growing market. However, with the intense competition prevailing in the VOC sensors and monitors market, manufacturers of air quality control tools have been investing their resources for the development of the tools that can offset these challenges and amplify the adoption rate of their devices, which is expected to bear lucrative opportunities for the market.
VOC Sensors and Monitors Market – Segmentation
The VOC sensors and monitors market can be classified on the basis of the following:
VOC Sensors and Monitors Market Segmentation – By Device Type
Depending on the device type, the VOC sensors and monitors market can be divided into:
VOC Sensors and Monitors Market Segmentation – By Application
Based on the application, the VOC sensors and monitors market can be segmented into:
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