Global VOC Sensors and Monitors Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global VOC Sensors and Monitors Market is estimated to be USD 190.94 Mn in 2023 and is expected to reach USD 255.4 Mn by 2028 growing at a CAGR of 5.99%

Market Dynamics

The growing demand for VOC monitors for environmental monitoring is propelling the market forward. Rising air pollution and stringent government laws to control air pollution also drive market expansion. Air pollution has an influence not only on the outside environment but also on the inside environment. Product improvements for the interior environment may play a significant role in increasing market growth. The incorporation of VOC into AI and IoT applications will drive market expansion in the future years. VOC sensors' end-users and markets include air purification and monitoring, leak detection, industrial process monitoring, and environmental monitoring. The expansion of the leak detection and chemical sectors has increased demand for VOC monitors, which has aided market growth.

However, technological concerns relating to energy usage are anticipated to limit industry expansion.

Market Segmentation

• The Global VOC Sensors and Monitors Market is segmented further based on Device Type, Application, and Geography.
• By Device Type, the market is classified into Sensors and Monitors.
• By Application, the market is classified into Industrial Process Monitoring, Environmental Monitoring, Air Purification and Monitoring, and Leak Detection.
• By Geography, America is projected to lead the market.

Recent Developments

1. AlphaSense Acquires Stream by Mosaic, Delivering Market Intelligence From An Extensive Library of Investor-Led Expert Interviews - 25th Oct 2021
2. Ams completes acquisition of Osram- 10th Jul 2020
3. Dräger acquires majority share of Stimit and its tech to help people breathe -8th Apr 2019

Company Profiles

Some of the companies covered in this report are Aeroqual, Ametek Mocon, Drägerwerk, Extech, Honeywell, Siemens, Spectrex Corporation, USHIO, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global VOC Sensors and Monitors Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market