The global VOC sensors and monitors market is expected to increase from US$ 176.3 million in 2023 to US$ 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) | US$ 176.3 million |
| Projected Market Size (2033) | US$ 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 US$ 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 US$ 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 | US$ 105.9 million |
| The United Kingdom | US$ 17.0 million |
| China | US$ 30.3 million |
| Japan | US$ 25.6 million |
| South Korea | US$ 14.3 million |
As per Future Market Insights (FMI), the United States VOC sensors and monitors industry is forecasted to reach a valuation of US$ 105.9 million by 2033. It is expected to create an absolute $ opportunity of about US$ 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 US$ 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 US$ 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.
Principal Consultant
| 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 US$ 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%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Device Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Device Type, 2023 to 2033
5.3.1. Sensors
5.3.2. Monitors
5.4. Y-o-Y Growth Trend Analysis By Device Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Device Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Industrial Process Monitoring
6.3.2. Environmental Monitoring
6.3.3. Air Purification and Monitoring
6.3.4. Leak Detection
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Device Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Device Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Device Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Device Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Device Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Device Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Malaysia
11.2.1.5. Singapore
11.2.1.6. Australia
11.2.1.7. New Zealand
11.2.1.8. Rest of APAC
11.2.2. By Device Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Device Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Device Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Device Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Device Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Device Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Device Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Device Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Device Type
13.5.2.2. By Application
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Device Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Device Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Device Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Device Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Device Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Device Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Device Type
13.12.2.2. By Application
13.13. Malaysia
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Device Type
13.13.2.2. By Application
13.14. Singapore
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Device Type
13.14.2.2. By Application
13.15. Australia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Device Type
13.15.2.2. By Application
13.16. New Zealand
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Device Type
13.16.2.2. By Application
13.17. GCC Countries
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Device Type
13.17.2.2. By Application
13.18. South Africa
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Device Type
13.18.2.2. By Application
13.19. Israel
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Device Type
13.19.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Device Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Honeywell
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Aeroqual
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Extech
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. ams AG
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Figaro Engineering
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Nissha FIS, Inc
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Winsen
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Membrapor
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Alphasense
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. ION Science
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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VOC Sensors and Monitors Market
