VOC Sensors and Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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VOC Sensors and Monitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

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

  • Honeywell, based in the U.S., announced the launch of Honeywell BW™ Ultra monitors in May 2018 that is competent to ensure the safety of workers in confined spaces. To enhance the desirability, user-friendly design and features were allocated to the product. The product is said to be capable of detecting a number of gases with rugged design and convenient operation, which takes the safety of the workers to the very next level. The product boasts Bluetooth-enabled cloud connectivity and enables the monitoring of a lone worker.
  • In March 2018, Aeroqual entered into a productive agreement with the United States Environmental Protection Agency to pave a way towards offering low-cost air quality sensing equipment. Bound to the agreement, the researchers of these institutions will mainly concentrate upon the performance of the sensor, calibration of the sensor, enhancement and expansion capabilities, and applications of the sensor.
  • In October 2017, Aeroqual announced that it has developed a cost-effective, portable, and lower power consuming device as compared to AQM65, AQS monitoring platform, that boasts the efficacy to sense Ozone, Nitrogen Oxide, and particulate matter.

Some of the most prominent competitors operating in the competitive landscape of global VOC sensors and monitors market include –

  • GfG
  • Instrumentation
  • Riken KEIKI
  • Compur Monitors
  • Spectrex
  • Global Detection Systems
  • Extech
  • Siemens
  • Aeroqual
  • Honeywell
  • Drägerwerk
  • Alphasense
  • ams AG

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:

  • Device Type
  • Application
  • Geography

VOC Sensors and Monitors Market Segmentation – By Device Type

Depending on the device type, the VOC sensors and monitors market can be divided into:

  • Sensors
  • Monitors

VOC Sensors and Monitors Market Segmentation – By Application

Based on the application, the VOC sensors and monitors market can be segmented into:

  • Industrial Process Monitoring
  • Environmental Monitoring
  • Air Purification and Monitoring
  • Leak Detection

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.