Global VOC Sensors and Monitors Market Insights Forecasts to 2033

• The Global VOC Sensors and Monitors Market Size was Valued at USD 113.8 Million in 2023
• The Market Size is Growing at a CAGR of 5.17% from 2023 to 2033
• The Worldwide VOC Sensors and Monitors Market Size is Expected to Reach USD 188.4 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global VOC Sensors and Monitors Market Size is Anticipated to Exceed USD 188.4 Million by 2033, Growing at a CAGR of 5.17% from 2023 to 2033.

Market Overview

The substances known as volatile organic compounds, or VOCs, are generated during several chemical and pharmaceutical processes. These contain a broad variety of carbon, which is harmful to plants, humans, and other living things. In basic terms, VOC sensors are gas sensors that are used to identify volatile organic compounds (VOCs) in their gaseous state. Numerous volatile organic compounds (VOCs) including ethanol, methylene chloride, xylene, formaldehyde, terpenes, benzene, and carbon disulfide can be detected by the sensor. To protect users from volatile organic compounds (VOCs), sensors and monitors are combined with wearable technology, smartphones, and tablets. This integration improves demand for VOC sensors and drives the global market for VOC sensors and monitors.

Several factors drive the industry, including the growing use of IoT-enabled smart sensors and the industries they are being used to, including manufacturing, healthcare, and automobiles. Furthermore, key market players include Siemens, Honeywell, Aeroqual, Global Detection Systems, FIGARO Engineering Inc., DrgerWerk, Extech, USHIO Inc., AMS AG, and Alphasense. The market for VOC sensors and monitors is increasing due to the increased awareness of controlled air quality and the growing demand for these products from developing countries.

For Instance, in June 2023, FIGARO presented its latest gas sensors at the NFPA Conference in Las Vegas, which included the TGS8410 ultra-low power battery operable methane sensor and a new electrochemical CO sensor. The market for VOC sensors and monitors is driven by industries' growing awareness of the need to regulate air quality components.

Report Coverage

This research report categorizes the market for the global VOC sensors and monitors market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global VOC sensors and monitors market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global VOC sensors and monitors market.

Driving Factors

Technology developments and ongoing innovation are key factors driving the growth of the volatile organic compound (VOC) sensors and monitors market. New technologies frequently result in better products, more effectiveness, and better client experiences, which drive demand and expand the market. Market growth is mostly driven by rising consumer awareness of and demand for Bleach Activator products and services. Partnerships and collaborations between academic institutions, technology companies, and business leaders can encourage innovation and drive market growth. The market for VOC sensors and monitors has grown rapidly as a result of increased focus on worker safety, regulations from the government, and growing awareness of indoor air quality.

Restraining Factors

Restricted circulation can give rise to excessive levels of volatile organic compounds (VOCs), which are hazardous to human health and the environment. The market for VOC monitors and sensors is growing slowly due in large part to the higher initial cost of sensor technology.  

Market Segmentation

The global VOC sensors and monitors market share is classified into device type and application.

• The monitors segment dominates the market with the largest market share through the forecast period.

Based on the device type, the global VOC sensors and monitors market is categorized into sensors and monitors. Among these, the monitors segment dominates the market with the largest market share through the forecast period. The factor driving the growth of the market for gas sensors and VOC monitors is the increased implementation of rules and regulations by government bodies to safeguard the occupational health and safety of workers. Any organization needs to follow safety standards, this is particularly true for industries like building and construction, chemicals, and oil and gas that are known for having accidents frequently.    

• The air purification & monitoring segment accounted for the largest revenue share through the forecast period.

Based on the application, the global VOC sensors and monitors market is categorized into industrial process monitoring, environmental monitoring, air purification & monitoring, and leak detection. Among these, the air purification & monitoring segment accounted for the largest revenue share through the forecast period. In major cities, air pollution is becoming an important risk factor for the environment. It happens when dangerous substances, such as gases or particles, are released into the atmosphere of the planet, directly affecting human comfort and well-being. Air pollution has negative impacts indoors as much as outdoors.   

Regional Segment Analysis of the Global VOC Sensors and Monitors Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global VOC sensors and monitors market over the predicted timeframe.  

North America is anticipated to hold the largest share of the global VOC sensors and monitors market over the predicted timeframe. North America is an established region with a vast infrastructure, particularly in the form of commercial buildings and subterranean transit. The second-biggest producer of natural gas is North America. This region is crucial for the mining and chemical industries as well, as these sectors use VOC sensors and monitors for hazardous gas detection and monitoring, emission control, and safety precautions to prevent dangerous situations.

Asia Pacific is expected to grow at the fastest CAGR growth of the global VOC sensors and monitors market during the forecast period. During the period of assessment, China's need for VOC sensors and monitors is predicted to increase due to the chemical business's considerable rise. China's chemical factories release a significant amount of volatile organic compounds. Installing VOC sensors and monitoring in these production plants has consequently become crucial. Also supporting sales in the Chinese market is the widespread use of VOC sensors and monitors in chemical industrial facilities.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global VOC sensors and monitors market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AMS AG
• Honeywell
• 3M
• FIGARO
• Riken Keiki Co. Ltd
• Navter
• Siemens
• GDS Corp
• Aeroqual
• Extech
• Alphasense
• Compur Monitors GmbH & Co
• Extech
• Global Detection Systems
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2023, The AirCheq Pro Series indoor air quality sensor the result of a partnership between Sensirion and AirTeq, was officially launched. Through this partnership, Sensirion's high-quality and precise Swiss-made sensors will be combined with AirTeq's focus on providing both residential and commercial spaces with excellent indoor air quality solutions.
• In May 2022, AlphaSense announced that it had purchased Sentieo to broaden the range of products and information it offers and improve the value it offers to customers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global VOC sensors and monitors market based on the below-mentioned segments: 

Global VOC Sensors and Monitors Market, By Type

• Sensors
• Monitors

Global VOC Sensors and Monitors Market, By Application

• Industrial Process Monitoring
• Environmental Monitoring
• Air Purification and Monitoring
• Leak Detection

Global VOC Sensors and Monitors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa