According to a report, “Volatile Organic Compound Gas Sensor Market Size, Share & Trends Analysis By Type (Single, Multiple), By Technology, (PID, IR-based, Metal Oxide) By Application, By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.
The presence of gases like benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area is detected by electronic devices such as a VOC gas sensor. It is often used into a safety system to reduce the risk of unwanted incidents. They are majorly integrated into leak detection devices and are cost-efficient as they consume less amount of power. Recent technological advancements in the sensors, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.
The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.
VOC gas sensor market is rife with competition and every major player is trying to outdo others by expansion strategies such as mergers & acquisitions, new product launches and global collaborations. Some of the major key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others.
Further key findings from the report suggest:
New product launches is a key strategy to boost a company’s market growth and major players adhere to it to a great extent. For instance, in October 2018, eLichens, a leading designer of patented gas sensors and the first comprehensive air quality analysis and prediction platform announced the release of its modular real time IAQ, Indoor Air Quality, connected device.
In June 2018, Integrated Device Technology, Inc., launched its new ZMOD family of integrated gas sensors that offer best-in-class stability and sensitivity for measuring volatile organic compound (VOC) gases. These sensors are ideal for indoor air quality applications, including smart thermostats, air purifiers, smart HVAC equipment and other “smart home” devices.
Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes
On the basis of product type, single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others
PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces
The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment
On the basis of region, Europe led the market in 2018, attributed to increased IT investments and advancements in sensor technologies in the region. However, Asia Pacific is anticipated to be the fastest-growing region owing to the increasing industrial automation in countries such as China, India, and Japan
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Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:
Volatile Organic Compound (VOC) Gas Sensor Type Outlook (Revenue, USD Million, 2014 – 2025)
Single Gas Detection Sensor
Multiple Gas Detection Sensor
Volatile Organic Compound (VOC) Gas Sensor Technology Outlook (Revenue, USD Million, 2014 – 2025)
Photo-Ionization Detector (PID)
Volatile Organic Compound (VOC) Gas Sensor Application Outlook (Revenue, USD Million, 2014 – 2025)
Oil & Gas
Food & Beverages
Metals & Mining
Volatile Organic Compound (VOC) Gas Sensor Regional Outlook (Revenue, USD Million, 2014 – 2025)
Middle East & Africa
List of Key Players of Volatile Organic Compound Gas Sensor Market
- City Technology Ltd.
- Bosch Sensortec
- ABB Ltd
- Siemens AG
- Aeroqual Limited
- SGX Sensortech
- Integrated Device Technology, Inc.
- GfG Europe Ltd
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