The global volatile organic compound gas sensor market size was valued at US$ 241.7 million in 2020 and is anticipated to grow at a CAGR of 6.0% during forecast period 2021 to 2030.
|Market Size||US$ 241.7 million in 2020|
|Growth Rate||CAGR of 6.0% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Technology, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Eyang Holdings Group Co., Ltd.; Future Electronics Inc.; Kyocera Corporation; Samsung Electro-Mechanics; Murata Manufacturing Co., Ltd.; Taiyo Yuden Co., Ltd.; TDK Corporation; Vishay Intertechnology, Inc.; Walsin Technology Corporation; and Yageo Corporation|
These sensors are used for measuring the concentration of various gases in their vicinity, such as ethene, benzene, methylene chloride, propane, acetone, and ethanol among others. Increasing awareness about air pollution is one of the key opportunity drivers for the market. The demand is expected to continue rising owing to features such as the detection of explosive or toxic gases at safe distances.
The increasig imposition of regulations and policies by government associations, such as the U.S. Environmental Protection Agency (EPA) and Mine Safety and Health Administration (MSHA), has resulted in the large-scale adoption in various industries. The volatile organic compound (VOC) sensors are compact in size and can be easily installed in harsh environments. Additionally, vendors are focusing on manufacturing products that are compact and have improved electronics and can provide real-time information regarding on-field activities.
By Type Analysis
Single gas detection sensors detect one gas at a time and they are majorly used in automotive applications. They are best suited for combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others.
Multiple gas detection 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.
By Technology Analysis
Metal oxide semiconductor gas sensors operate when VOC gas comes in contact with metal oxide surfaces as oxidation or reduction of the gas changes conductivity or resistivity of the metal oxide surface. The conductivity of resistivity change is measured by electronic circuitry.
The main advantage of IR gas sensors is that the detector does not directly interact with the gas. They use infrared radiations for the detection of gases. They include IR source, detectors, and optical filter. However, their cost is significantly higher than the electrochemical sensors, with an estimated price of USD 250 to USD 300 per product.
By Application Analysis
While production optimization remains the main focus for implementing sensors in oil and gas, health and safety are also important aspects. As a result, the use of VOC sensors is growing at a rapid pace for the real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment.
The food and beverage manufacturing industry are expected to witness the rapid adoption of digital transformation and smart manufacturing initiatives in the forthcoming years.
By Regional Analysis
Europe led the market in 2018, 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.
Asia Pacific is anticipated to be the fastest-growing region owing to the increasing industrial automation in countries such as China, India, and Japan, where these sensors are largely used in chemical and petrochemical and oil and gas industries owing to their fast speed of response in case of a leakage of combustible gases.
AlphaSense; City Technology Ltd.; Bosch Sensortec; ABB Ltd; Siemens AG; Aeroqual Limited; SGX Sensortech; Integrated Device Technology, Inc.; EcoSensors; and GfG Europe Ltd.
Single Gas Detection Sensor
Multiple Gas Detection Sensor
Photo-Ionization Detector (PID)
Oil & Gas
Food & Beverages
Metals & Mining
Middle East & Africa
The Volatile Organic Compound Gas Sensor market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Volatile Organic Compound Gas Sensor market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Volatile Organic Compound Gas Sensor market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Volatile Organic Compound Gas Sensor market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Volatile Organic Compound Gas Sensor market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Volatile Organic Compound Gas Sensor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Volatile Organic Compound Gas Sensor by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Volatile Organic Compound Gas Sensor market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Volatile Organic Compound Gas Sensor market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Volatile Organic Compound Gas Sensor market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Volatile Organic Compound Gas Sensor industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Volatile Organic Compound Gas Sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Volatile Organic Compound Gas Sensor market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Volatile Organic Compound Gas Sensor market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Volatile Organic Compound Gas Sensor market. These factors have benefited the growth of the global market for Volatile Organic Compound Gas Sensor. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Volatile Organic Compound Gas Sensor. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Volatile Organic Compound Gas Sensor are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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