The global volatile organic compound (VOC) detector market is estimated to exceed a valuation of US$ 250 Mn by the end of 2032. The demand for VOC detectors is expected to total around US$ 160 Mn by 2022, exhibiting growth at a CAGR of nearly 4% to 5% during the forecast period 2022-2032.
| Report Attribute | Details |
|---|---|
| Volatile Organic Compound Detector Market Value (2021) | US$ 155 Million |
| Volatile Organic Compound Detector Market Value (2022) | US$ 160 Million |
| Volatile Organic Compound Detector Market Anticipated Value (2032) | US$ 250 Million |
| Volatile Organic Compound Detector Market Projected Growth Rate (2022 to 2032) | 4% to 5% CAGR |
Volatile organic compounds are carbon-based organic chemicals that are found in naturally occurring or man-made liquids and solids. Some of the volatile organic compounds are harmful to human health and can cause allergic skin reactions, conjunctival irritation, emesis, dyspnea, and a decline in serum cholinesterase levels, among others. They also have a significant effect on the environment causing global warming, acid rain, air pollution, and others.
Volatile organic compound detectors are the devices that are used to measure the presence and concentration of various VOCs gases such as methylene chloride, formaldehyde, toluene, benzene, ethanol, ethane, and others in the surrounding.
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Rising concerns regarding air pollution due to emission of the toxic compounds and growing awareness about adverse effects of VOCs gases on the human body as well as on the environment are increasing the adoption of VOC detectors, which is in turn, bolstering the sales in the global market.
In addition to this, increasing emphasis on the enforcement of occupational safety and health regulations by numerous regulatory and governments organizations such as the Mine Safety and Health Administration (MSHA) is projected to create growth prospects for the VOC detector market.
Despite several benefits associated with the use of VOC detectors, extravagant cost of these equipments, need for skilled operators, and inability of the detectors to measure the concentration of individual gases are some of the factors hindering the sales in the global market.
Principal Consultant
As per Future Market Insights, North America is estimated to grow at a robust CAGR in the global VOC detectors market between 2022 and 2032.
With rising prevalence of health issues and diseases such as lung cancer due to constant contact with volatile organic compounds, several organizations such as Environmental Protection Agency are implementing stringent regulations regarding VOC gases emission.
Hence, these organizations are extensively using VOC detectors for application such as urban air monitoring, soil contamination monitoring, industrial perimeter testing, roadside air detection, and others. This is estimated to augment the sales of VOC detectors in the North America market.
FMI reveals that Asia Pacific excluding Japan is estimated to emerge as a highly lucrative market for VOC detectors during the forecast period 2022-2032.
Demand for VOC detectors is increasing at a rapid pace, owing to increasing usage across various sectors such as oil & gas, agriculture, automotive, chemical industry, manufacturing, food & beverages, and others. Hence, leading players in the market are aiming at launching novel products to cater to this growing demand.
For instance, Aeroqual, a New Zealand-based air quality monitoring, and measurement manufacturer announced introducing its new IP65 fixed VOC monitor with features such as flexible use, easy mounting, accurate & fast result, and high network capability. A multiplicity of such developments is projected to augment the growth in the Asia Pacific excluding Japan market.
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Some of the leading players in the volatile organic compound detector market are PCE Holding GmbH, Acme Engineering Prod. Ltd, Global Detection Systems Corp, Ushio America, Inc., KANOMAX USA, INC., Aeroqual, RAE Systems, Ion Science Ltd, and others.
Key players are emphasizing on research and development (R&D) activities to introduce novel system for enhancing their product portfolio to gain edge in the highly competitive market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Technology, Application, End Use, Region |
| Countries Covered | North America; Latin America; Europe; CIS & Russia; APEJ; Japan; Middle East and Africa |
| Key Companies Profiled | PCE Holding GmbH; Acme Engineering Prod. Ltd; Global Detection Systems Corp; Ushio America, Inc.; KANOMAX USA, INC.; Aeroqual; RAE Systems; Ion Science Ltd.; Others |
| Customization | Available Upon Request |
FMI projects the sales of volatile organic compound detector in the market is expected to rise at 4% to 5% value CAGR by 2032
The global volatile organic compound detector market is expected to be dominated by North America over the forecast period 2022-2032.
PCE Holding GmbH, Acme Engineering Prod. Ltd, Global Detection Systems Corp, Ushio America, Inc., KANOMAX USA, INC., Aeroqual, RAE Systems, Ion Science Ltd., and others are some of the leading players in the prominent volatile organic compound detector market.
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Volatile Organic Compound (VOC) Detector Market
