Global VOC Sensors and Monitors Market, By Type (Sensors, Monitors), By Application (Air Purificatio

Published Date: | Report Code : EQ1958639

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The VOC Sensors and Monitors Market growth is expected to gain high momentum during the forecast period due to increasing demand in developing countries for VOC sensors and monitors.

Segment Analysis:

The VOC Sensors and Monitors Market is segmented based on type, and application.

Based on the type, the VOC Sensors and Monitors Market is bifurcated as sensors and monitors. The monitor's segment is growing and will continue to grow. This is due to the increase in government implementation of regulations to ensure occupational safety and well being of employees. In accident-prone industries such as chemical, oil & gas, construction, regulations are very essential.

By the Application, the VOC Sensors and Monitors Market is segmented as Air Purification & Monitoring, Environmental Monitoring, Industrial Process Monitoring, and Leak Detection. The air purification and monitoring segment have been expected to grow significantly. Air pollution has become a persistent environment problem in the urban areas of the world. This is caused due to the harmful gasses being released into the earth's atmosphere directly, which causes adverse effects on living beings.

The North America region is anticipated to grow the most for the VOC Sensors and Monitors Market. This is because there is a high demand for sensors and monitors from this region. Also, the presence of major key players in the US, and increasing investments for R&D are driving the market.

Key Factors Impacting Market Growth:

  • Growing enforcement of occupational health and safety regulations by governments

  • Increasing demand in developing countries for VOC sensors and monitors

  • Rising awareness about controlling air quality

Key Developments:

  • In May 2018, Honeywell (US) launched Honeywell BW Ultra Monitors, they are connected and portable gas detectors that ensure safety of workers in confined spaces

  • In October 2017, Aeroqual (New Zealand) launched the new AQS monitoring platform, which is smaller, cheaper, and of a lower power than its predecessors

Regional Outlook:

Major regions for VOC sensors and monitors market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for VOC sensors and monitors owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be increasing demand in developing countries for VOC sensors and monitors. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for VOC sensors and monitors market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, increasing demand in developing countries for VOC sensors and monitors are estimated to register high demand for VOC sensors and monitors market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of VOC sensors and monitors market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for VOC sensors and monitors market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Honeywell, Aeroqual, Extech, ams AG, and Figaro Engineering.

Market Segmentation:

By Type:

  • Sensors

  • Monitors

By Application:

  • Air Purification & Monitoring

  • Environmental Monitoring

  • Industrial Process Monitoring

  • Leak Detection

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global VOC Sensors and Monitors Market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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