VOC Sensors and Monitors Market by Device Type (Sensors and Monitors), Application (Industrial Process Monitoring, Environmental Monitoring, Air Purification Monitoring, and Leak Detection), and End Use (Oil & Gas, Transportation, Electronics, Printing, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Oct 2020 |
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Volatile Organic Compounds (VOCs) are type of pollutants released from various chemical and pharmaceutical processes. These consist wide range of a carbon, which is hazardous to human health, plants, and others. VOCs are found in both man-made and naturally occurring chemical compounds-solids or liquids. VOC sensors are basically gas sensors used to detect VOC in their gaseous forms. The sensor can detect various VOCs such as ethanol, methylene chloride, Xylene, Formaldehyde, terpenes, benzene, and carbon disulfide.
VOCs are found in numerous applications such as paint, emission from oil & gas industry, solvent usage, and transportation. Level of VOC is high in case of limited ventilation, which is harmful for humans and can cause damage to the environment as well. For instance, Honeywell, a U.S. based company and one of the leading manufacturers of VOC sensor and monitor market, has wide portfolio of products. The company recently developed portable gas detector called Honeywell BW ultra-monitors, which was specifically designed to detect fatal gases and ensure workers safety in dangerous places.Â
The VOC sensors and monitors market is expected to witness considerable growth during the forecast period (2019-2026), due to rise in concerns by industries and governments both toward health and safety for the workers. Increase in industrialization in urban areas leads to air pollution, which has negative impact on human beings. So, increase in awareness toward control of air quality component among industries drive the demand for VOC sensors and monitors market. Moreover, integration of VOC sensors and monitors with the smart phones, tablets, and wearable devices to ensure safety for users from VOC gases increases the demand for VOCs sensors.Â
Factors such as government regulations promoting the adoption of VOC sensors and monitors for safety in automotive, defense, and other industries, strong demand in automation industry—industry 4.0— due to survival in extreme environmental condition such as high temperature and pressure are the major key drivers for the VOC sensors and monitors market growth. However, higher initial acquisition cost of sensor technology majorly restricts the growth of the VOC sensors and monitors market. Furthermore, increase in applications of IoT in sensor technologies and growth in usage of sensors consumer electronics products provide huge opportunities to the VOC sensors and monitors market to flourish globally.
The VOC sensors and monitors market is segmented into device type, application, end use, and region. Based on device type, the market is classified into sensors and monitors. On the basis of application, the market is divided into industrial process monitoring, environmental monitoring, air purification monitoring, and leak detection. Based on end use, the market is segregated into oil & gas industry, transportation, electronics, printing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.Â
Key players operating in the VOC sensors and monitors industry are Siemens, Honeywell, Aeroqual, Global Detection Systems, FIGARO Engineering Inc., DrgerWerk, Extech, USHIO Inc., AMS AG, and Alphasense. These key players focus toward R&D activities to strengthen their position among competitors across the globe Moreover, they adopted mergers and acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global VOC sensors and monitors market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Device Type
- Sensors
- Monitors
By Application
- Industrial Process Monitoring
- Environmental Monitoring
- Air Purification Monitoring
- Leak Detection
By End Use
- Oil & Gas
- Transportation
- Electronics
- Printing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- GermanyÂ
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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