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Volatile Organic Compound Gas Sensor - Global Market Outlook (2019-2027)

Volatile Organic Compound Gas Sensor - Global Market Outlook (2019-2027)

4.7 (22 reviews)
Published: July 2020 ID: SMRC19553
4.7 (22 reviews)
Published: July 2020 ID: SMRC19553

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Volatile Organic Compound Gas Sensor Market is accounted for $150.06 million in 2019 and is expected to reach $237.37 million by 2027 growing at a CAGR of 5.9% during the forecast period. Some of the key factors propelling the market growth include increasing use of wireless and smart sensing technology, stringent government regulations to control VOC emissions, and increasing awareness about indoor and outdoor air quality. However, interoperability issues are likely to hamper the market. Moreover, technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power. VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others.

By type, multiple gas detection sensors segment is anticipated to grow at the significant rate during the forecast period. These sensors are widely used in the oil and gas sector owing to their portability and cost-effectiveness. These detectors are most commonly used for monitoring pipeline operations and detecting different gases, such as benzene, methylene chloride, perchloroethylene, MTBE, and formaldehyde. In addition, the products are used as VOC analyzers for the detection of leakage in components such as valves, pumps, connectors, compressors, and open-ended lines. Moreover, multiple gas detectors are also used in Method 21 for monitoring fugitive emissions.

On the basis of geography, Europe led the market during the forecast period, attributed to increased IT investments and advancements in sensor technologies in the region. Growing demand for sensors that can be integrated into handheld devices has encouraged technological advancements. Moreover, high focus of the governments on energy efficiency and emission control standards has resulted in the proliferation of VOC sensors in the automotive sector in Europe. The growth in end-use industries and increasing application avenues are also expected to be the major factors driving the regional growth.

Some of the key players in volatile organic compound gas sensor market include Robert Bosch LLC, Trolex Ltd., Bosch Sensortec, Aeroqual Ltd., NGK Insulators Ltd., Alphasense, Yokogawa Electric Corporation, Alphanese Dragerwerk AG & Co., Dynament Ltd., Siemens AG, ABB Ltd., City Technology Ltd., Figaro Engineering Inc., SGX Sensortech Limited, EcoSensors, Integrated Device Technology, Inc., Ion Science Ltd, GfG Europe Ltd., Membrapor AG, and Nemoto & Co. Ltd.

Technologies Covered:
• Infrared-based Detection
• Photo-Ionization Detector (PID)
• Metal-oxide Semiconductor

Types Covered:
• Multiple Gas Detection Sensor
• Single Gas Detection Sensor

Applications Covered:
• Food & Beverages
• Metals & Mining
• Oil & Gas
• Agriculture
• Manufacturing
• Automotive
• Chemical Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

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