The global VOC sensors and monitors market is expected to increase from USD 176.3 million in 2023 to USD 366.0 million by 2033.
Over the forecast period from 2023 to 2033, global VOC sensor and monitor sales are likely to soar at 7.6% CAGR. Sales of VOC monitors are likely to outpace those of VOC sensors. This is due to the high adoption of VOC in a broad range of applications and sectors.
Key Market-Shaping Factors:
Volatile organic compounds such as benzene and butadiene are harmful even in small concentrations. They are harmful to human health and also cause damage to the environment.
Exposure to VOCs can cause a variety of health effects including respiratory diseases, headaches, nausea, and others. As a result, monitoring and measuring these VOCs becomes necessary.
VOC sensors and monitors are equipment used for monitoring and measuring hazardous substances/gasses such as volatile organic compounds. Also, they are becoming critical gas monitoring tools, especially in high-risk-prone sectors such as mining, power generation, and oil & gas.
VOC sensors & monitors can detect and measure ambient concentrations of VOC gasses, even at extremely low levels. As a result, their popularity is rising significantly across the world. VOC sensors, monitors, analyzers, and other instruments are helping end users in detecting harmful VOC gasses to avoid the gas reaching dangerous toxic levels. For instance,
The global VOC sensors and monitors industry is expected to witness notable growth during the projection period. This is due to rising concerns of governments and industries toward the health and safety of workers. In recent years, there has been a dramatic increase in air pollution due to rapid industrialization and other factors. This in turn has brought air monitoring equipment such as VOC sensors and monitors into the spotlight.
Growing focus on air quality control, especially in countries with high air pollution levels, drives demand for VOC sensors and monitors during the assessment period. VOC sensors and monitors are increasingly used in air monitoring devices for observing emission levels due to their various unique properties. Also, this includes their high sensing performance, portability, & compact size.
Integration of VOC sensors and monitors in tablets, smartphones, and other wearable devices to ensure the safety of people from VOC gasses is expected to boost the target market. Additionally, increasing government regulations for promoting the adoption of VOC sensors and monitors across sectors such as oil & gas, automotive, and mining for safety purposes may foster market development.
New regulations on VOC and other harmful gas emissions are being implemented across the world. For instance,
Leading VOC sensor and monitor manufacturing companies are focusing on developing accurate and cost-effective air monitoring tools. They are working closely with regulatory bodies to fortify their market positions. For instance,
| Attributes | Details |
|---|---|
| Global VOC Sensors and Monitors Market Estimated Value (2023) | USD 176.3 million |
| Projected Market Size (2033) | USD 366.0 million |
| Value-based CAGR (2023 to 2033) | 7.6% |
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According to Future Market Insights (FMI), global sales of VOC sensors and monitors increased at around 5.7% CAGR between 2018 and 2022. Accordingly, the total market size reached USD 166.0 million at the end of 2022.
Looking forward, the global VOC sensors and detectors market is slated to thrive at a CAGR of 7.6% CAGR from 2023 to 2033. It is likely to touch USD 366.0 million by 2033.
Growing usage of VOC sensors and monitors in applications such as environmental monitoring, leak detection, air purification & monitoring, and industrial process monitoring is expected
VOC sensors and monitors are essential gas detection equipment used across various sectors due to their ability to detect even small traces of volatile organic compounds. They help end users keep a close watch on VOC emissions.
A rising focus on improving worker’s safety and environmental protection along with the implementation of strict environmental regulations is expected to boost the global market. In addition, growing environmental concerns across the world are putting VOC sensors and monitors into the spotlight. This equipment can monitor and measure the concentration of various harmful gasses such as VOCs emitted from industries.
The significant growth of sectors such as mining, oil & gas, chemical, and pharmaceutical sectors creates significant opportunities for VOC sensors and monitor manufacturers.
| Countries | Projected CAGR (2023 to 2033) |
|---|---|
| The United States | 5.9% |
| The United Kingdom | 6.7% |
| China | 8.5% |
| Japan | 7.0% |
| South Korea | 8.0% |
| Countries | Market Value (2033) |
|---|---|
| The United States | USD 105.9 million |
| The United Kingdom | USD 17.0 million |
| China | USD 30.3 million |
| Japan | USD 25.6 million |
| South Korea | USD 14.3 million |
As per Future Market Insights (FMI), the United States VOC sensors and monitors industry is forecasted to reach a valuation of USD 105.9 million by 2033. It is expected to create an absolute $ opportunity of about USD 27.2 million between 2023 and 2033.
Over the forecast period, VOC sensor and monitor demand in the United States market is set to rise at 5.9% CAGR, in comparison to the 3.3% CAGR recorded from 2018 to 2022. Growing concerns about rising environmental pollution levels and the implementation of stringent environmental regulations are key factors driving the United States VOC sensors and monitors the industry.
There has been a sharp rise in environmental pollution in the United States during the last few years. This in turn has promoted the government and other regulatory bodies to implement strict rules and regulations.
Various new rules and regulations are being introduced by regulatory bodies, such as the United States Environmental Protection Agency and CARB, for monitoring and reducing the emission of harmful gasses such as VOCs. For instance,
Subsequently, the introduction of policies and regulations addressing industrial emissions positively impacts VOC sensors and monitors sales in the United States through 2033.
According to Future Market Insights (FMI), China is likely to remain a highly profitable market for manufacturers of VOC sensors and monitors. This is due to the rapid penetration of industrialization, increasing air pollution, and rising usage of VOC sensors and monitors in industrial process monitoring.
China VOC sensors and monitors market value is projected to reach around USD 30.3 million by 2033. Also, for the projection period, sales of VOC sensors and monitors in China are likely to soar at 8.5% CAGR, creating an absolute $ growth of USD 30.8 million.
The notable growth of the chemical sector is expected to uplift the demand for VOC sensors and monitors across China during the assessment period. China is home to one of the leading chemical sectors in the world. With around 43% of global chemical sales in 2021, China remained the leading chemicals producer in the world as per Cefic, the European Chemical Industry Council.
A large amount of VOCs is emitted by chemical manufacturing facilities in China. As a result, installing VIOC sensors and monitors has become essential in these production facilities. Moreover, the high adoption of VOC sensors and monitors in chemical manufacturing facilities bolsters sales in China market through 2033.
| Top Segment (Device Type) | Monitors |
|---|---|
| Historical CAGR (2018 to 2022) | 5.6% |
| Projected CAGR (2023 to 2033) | 7.5% |
| Top Segment (Device Type) | Air Purification and Monitoring |
|---|---|
| Historical CAGR (2018 to 2022) | 5.5% |
| Projected CAGR (2023 to 2033) | 7.4% |
Based on device type, the global VOC sensors and monitors industry is segmented into VOC sensors and VOC monitors. Among these, VOC monitors are going to remain a widely sought-after device type in the global market. This is due to the rising adoption of VOC monitors across various sectors.
As per the latest report, VOC monitor demand expanded at a CAGR of 5.6% from 2018 to 2022. For the forecast period 2023 to 2033, the target segment is likely to thrive at 7.5% CAGR. Hence, it is likely to remain a key revenue-generation category for VOC sensor and monitor manufacturing companies.
VOC monitors have become ideal tools for monitoring and measuring VOC gas in several applications. As a result, they are gaining immense traction across the world. Many industries today are installing VOC monitors to continuously monitor and measure the emission of VOCs. Further, the adoption of these gas sensing solutions significantly enhances workers’ safety, especially in the accident-probe sectors such as chemicals and oil & gas.
Implementation of stringent rules and regulations by government bodies to ensure the occupational health and safety of employees is expected to uplift VOC monitor demand during the assessment period.
Based on application, the global VOC sensors and monitors market is segmented into environmental monitoring, air purification & monitoring, leak detection, and industrial process monitoring.
According to Future Market Insights, the air purification and monitoring application segment is likely to lead sales in the VOC sensors and monitors industry. As the demand for smart and sustainable indoor environments increases, the need for effective VOC sensing and monitoring solutions to ensure air quality and safety becomes paramount. Consequently, it is driving the adoption of VOC sensors and monitors in air purification systems and monitoring devices.
This sub-segment is poised to expand at 7.4% CAGR between 2023 and 2033, in comparison to the 5.5% CAGR registered from 2018 to 2022.
Key manufacturers of VOC sensors and monitors are constantly innovating to develop advanced gas-sensing solutions for specific applications. Moreover, they are also implementing strategies such as partnerships, agreements, collaborations, acquisitions, and mergers to gain a competitive edge in the market.
Key Players Profiled in the Market
Recent Developments:
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The market is valued at USD 176.3 million in 2023.
The market’s CAGR from 2023 to 2033 will be 7.6%.
Honeywell, Aeroqual, and Extech are key market players.
Increasing awareness regarding air quality control to boost the market prospects.
From 2018 to 2022, the market registered a CAGR of 5.7%.
| Market Share (2023) | USD 88.1 billion |
|---|---|
| Market Share (2033) | USD 153.0 billion |
| Market CAGR (2023 to 2033) | 5.7% |
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VOC Sensors and Monitors Market
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