Global VOC Sensors and Monitors Market

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Global VOC Sensors and Monitors Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn.

 

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Global VOC Sensors and Monitors Market Overview:

Volatile Organic Compounds (VOCs) are forms of contaminants released from various chemical and pharmaceutical processes. They consist of a wide variety of biomass, which is harmful to human health, plants, and others. VOCs are present in both man-made and naturally occurring chemical compounds – solids or liquids. VOC sensors are essentially gas sensors used to detect VOCs in their gaseous form. The exponential rise of mobile devices enables the users to work in an organized operability, efficient manner and delivers the customer experience flawlessly. The rapid adoption of IoT and cloud computing technologies will witness to create lucrative opportunities for market over the forecast period. The continuous increase in the number of usable organic molecules with properties such as semi conductive or insulating and conductive, gives more versatility to electronic technology. One of the key factors driving the market is raising compliance by governments of occupational health and safety regulations. In addition, the knowledge of regulated air quality and the demand from developing countries for VOC sensors and monitors are other major factors driving the growth of that sector. For instance, the company launched Honeywell BW Ultra monitors for wearable portable gas detectors; Sensepoint XCL, a Bluetooth-enabled, fixed gas detector for commercial light industrial applications, was launched in 2017.

The higher initial acquisition cost of sensor technology significantly limits the growth of VOC sensors and monitors the market. In addition, the rise in IoT applications in sensor technology and the increase in the use of consumer electronics sensors offer tremendous opportunities for VOC sensors and for the industry to thrive globally.

Based on Device Type VOC Sensors and Monitors market is segmented by Sensors, Monitors, liquid crystal display and others. Monitors dominated VOC Sensors and Monitors market due to the rising demand for gas sensors and VOC monitors is motivated by the introduction of rules and regulations by government bodies to ensure the occupational health and safety of employees. Based on application, air purification & monitoring is the leading segment to dominate the market during the forecast period due to the rising pollution which happens when toxic chemicals, including gases or particles, are introduced into the environment of the planet, which directly affects human beings' health and comfort. Not only are the harmful effects of air pollution limited to the outdoor climate, it impacts the indoor environment as well.

The VOC Sensors and Monitors market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players such as Honeywell, Extech, Global Detection Systems with the advance technologies. The Asia Pacific region is projected to register the fastest growth rate in the target market due to surge in penetration of smartphones and digitalizing the infrastructure in the region.
Global VOC Sensors and Monitors Market, Competitive Landscape:

The objective of the report is to present a comprehensive analysis of the Global VOC Sensors and Monitors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global VOC Sensors and Monitors Market dynamics, structure by analyzing the market segments and projects the Global VOC Sensors and Monitors Market size. Clear representation of competitive analysis of key players by Device Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global VOC Sensors and Monitors Market make the report investor’s guide.
Global VOC Sensors and Monitors Market, Key Highlights:

• Global VOC Sensors and Monitors Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global VOC Sensors and Monitors Market

• Global VOC Sensors and Monitors Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global VOC Sensors and Monitors Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global VOC Sensors and Monitors Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global VOC Sensors and Monitors Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of Global VOC Sensors and Monitors Market: Inquire before buying

Global VOC Sensors and Monitors Market, By Device Type

• Sensors
• Monitors
Global VOC Sensors and Monitors Market, By Application

• Industrial Process Monitoring
• Environmental Monitoring
• Air Purification & Monitoring
• Leak Detection
• Others
Global VOC Sensors and Monitors Market, by Region

• North America
• Europe
• Asia-Pacific
• ME & Africa
• Latin America
Global VOC Sensors and Monitors Market Key Players

• Alphasense
• Spectrex
• GfG Instrumentation
• Drägerwerk
• Compur Monitors
• Honeywell
• Aeroqual
• Extech
• ams AG
• Figaro Engineering
• Siemens
• DrgerWerk
• USHIO Inc
• Global Detection Systems
• ION Science Ltd
• Jinan Rainbow Technology Co.,Ltd
• The SAVVY Merchant
• Aura Air UK

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