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.
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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Which are Some Prominent Drivers Spearheading Volatile Organic Compound Detector Market Growth
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.
What are the Challenges Faced by the Volatile Organic Compound 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.
Why is North America Emerging as an Opportunistic Volatile Organic Compound Detector Market
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.
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Why are the Sales of Volatile Organic Compound Detectors Accelerating in the Asia Pacific Excluding Japan 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.
Market Competition
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.
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Key Segments Profiled in the Volatile Organic Compound Detector Market Survey
By Technology:
- Photo-Ionization Detector (PID)
- Infrared-Based Detection
- Metal-Oxide Semiconductor
By Application:
- Urban Air Monitoring
- Roadside Air Monitoring
- Industrial Perimeter Monitoring
- Soil Contamination Monitoring
By End Use:
- Oil & Gas
- Agriculture
- Automotive
- Chemical Industry
- Manufacturing
- Food & Beverages
- Metals & Mining
- Others
By Region:
- North America
- Latin America
- Europe
- CIS & Russia
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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