VOC Sensors & Monitors: Worldwide Market by Device Type, Application and Geography - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 4, 2019--The “VOC Sensors and Monitors Market by Device Type (Sensors and Monitors), Application (Industrial Process Monitoring, Environmental Monitoring, Air Purification & Monitoring, and Leak Detection), and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The VOC sensors and monitors market is expected to grow at a CAGR of 4.6% from 2018 to 2023, to reach USD 176 million by 2023 from USD 140 million in 2018.
Increasing enforcement of occupational health and safety regulations by governments is among the prime factors driving the VOC sensors and monitors market. Besides these, growing awareness regarding controlled air quality, and rising demand for VOC sensors and monitors from developing countries are other major factors fueling the growth of the said market.
However, the technical issues related to size, energy consumption, and temperature can hinder the growth of the VOC sensors and monitors market.
VOC sensors to witness higher CAGR in market during forecast period
The VOC sensors and monitors market, by device type, is segmented into monitors and sensors. The market for VOC sensors is expected to witness higher growth during the forecast period. The high growth of this segment can be attributed to the increasing applications of VOC sensors in IoT and in other consumer electronics.
Consumer electronics is a rapidly changing and dynamic industry with increasing competition among the market players. In the current market scenario, the manufacturers of consumer electronics are under great pressure to bring unique and differentiated products into the market. VOC sensors can be integrated into smartphones, tablets, and wearables to ensure safety for users from VOC gases, simultaneously, bringing differentiation to these products by adding an extra feature to the product.
Environmental monitoring application to hold largest share of VOC sensors and monitors market in 2018
In this report, the VOC sensors and monitors market, by application, has been segmented into industrial process monitoring, environmental monitoring, air purification and monitoring, and leak detection. Among these, the environmental monitoring segment is expected to hold the largest share of the market throughout the forecast period.
Increasing air pollution globally and the initiatives taken by the government to curb it are a few of the major factors contributing to the high demand for VOC sensors and monitors for the environmental monitoring application.
North America to hold largest share of VOC sensors and monitors market from 2018 to 2023
In terms of market size, North America is expected to dominate the VOC sensors and monitors market during the forecast period. It is a developed region having extensive infrastructure, especially in the form of underground transportation and commercial buildings. North America is the second-largest producer of natural gas.
The region is also important for the mining and chemicals industry wherein the VOC sensors and monitors are used for emission control as well as toxic and hazardous gas detection and monitoring, as a safety measure to avoid hazardous events.
1.1 Study Objectives
1.3 Study Scope
2 Research Methodology
2.1 Research Data
2.2 Data Triangulation
2.3 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in VOC Sensors and Monitors Market
4.2 VOC Sensors and Monitors Market, By Application
4.3 VOC Sensors and Monitors Market in North America, By Country and Application
4.4 Regional Analysis: Growth Rate of VOC Sensors and Monitors Market, 2023
4.5 VOC Sensors and Monitors Market, By Device Type
5 Market Overview
5.2 Value Chain Analysis
6 VOC Sensor and Monitor Market, By Device Type
7 VOC Sensors and Monitors Market, By Application
7.2 Industrial Process Monitoring
7.3 Environmental Monitoring
7.4 Air Purification and Monitoring
7.5 Leak Detection
8 VOC Sensors and Monitors Market, By Geography
8.2 North America
8.5 Rest of the World
9 Competitive Landscape
9.2 Market Ranking Analysis: VOC Sensors and Monitors Market
9.3 Competitive Situations and Trends
10 Company Profiles
10.1 Key Players
10.1.1 FIGARO Engineering Inc.
10.1.2 AMS AG
10.1.9 Global Detection Systems
10.1.10 USHIO Inc.
10.2 Other Key Players
10.2.1 Spectrex Corporation
10.2.2 Compur Monitors GmbH & Co. KG
10.2.3 Riken Keiki Co. Ltd.
10.2.4 GFG Instrumentation
For more information about this report visit https://www.researchandmarkets.com/research/wfj4kb/voc_sensors_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190204005382/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/04/2019 08:13 AM/DISC: 02/04/2019 08:13 AM