VOC Sensors and Monitors Market worth $176 million by 2023
The report "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" The VOC sensors and monitors market is expected to grow from USD 140 million in 2018 to USD 176 million by 2023, at a CAGR of 4.6% from 2018 to 2023. The growth of this market can be attributed to the increasing enforcement of occupational health and safety regulations by governments.
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Monitors to hold larger share of VOC sensors and monitors market in 2018
VOC monitors lead the VOC sensors and monitors market based on device type, in terms of market size. VOC sensors are the gas sensors that are used to detect VOCs in their gaseous forms. The sensors can detect numerous VOCs, such as benzene, acetone, carbon disulfide, dichlorobenzene, ethanol, formaldehyde, and terpenes.
Environmental monitoring to hold largest share of VOC sensors and monitors market in 2018
As poor air quality is a major cause of respiratory diseases, regular monitoring of air quality is important. Air quality can be expressed on the basis of the concentration of pollutants such as acetaldehyde, acrylonitrile, aniline, benzene, carbon tetrachloride, chloroform, and chloromethyl methyl ether in the air. VOC monitors are used to measure different levels of VOC gasses in the atmosphere, thereby helping the end users meet the specific environmental standards.
North America to hold largest share of VOC sensors and monitors market in 2018
North America is a developed region having extensive infrastructure, especially in the form of underground transportation and commercial buildings. It is the second-largest producer of natural gas in the world. 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 against hazardous events.
A few key players operating in the VOC sensors and monitors market are FIGARO (Japan), ams AG (Austria), Alphasense (UK), Drägerwerk (Germany), Honeywell (US), Aeroqual (New Zealand), Siemens (Germany), Extech (US), Global Detection Systems (US), and USHIO (Japan).
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