Dublin, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The "VOC Gas Monitors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for VOC Gas Monitors was valued at an estimated US$206.3 Million in 2023 and is projected to reach US$259.0 Million by 2030, growing at a CAGR of 3.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Noteworthy trends in the VOC gas monitors market reflect the ongoing evolution and sophistication of monitoring technologies. One significant trend is the development of advanced photoionization detectors (PIDs), which use ultraviolet light to ionize VOC molecules and measure electron levels accurately. This technology enables the detection of various toxic gases in complex industrial environments. The inclusion of networking capabilities in VOC sensors represents another critical advancement.
Modern sensors equipped with microprocessors can transmit real-time data to monitoring centers and mobile devices, facilitating swift responses and configuration changes as needed. Programmable controls and optional alarm relays further enhance the functionality of VOC monitors. Programmable controls help minimize false alarms and maintain strict security parameters, while alarm relays equipped with strobes, horns, and back-lit displays ensure that workers are promptly alerted to potential dangers.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global VOC Gas Monitors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global VOC Gas Monitors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Oil & Gas End-Use segment, which is expected to reach US$77.1 Million by 2030 with a CAGR of a 3.5%. The Chemical End-Use segment is also set to grow at 3.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $56.2 Million in 2023, and China, forecasted to grow at an impressive 6.3% CAGR to reach $53.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aeroqual Limited, Ambetronics Engineers Pvt. Ltd., Analox Group, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $206.3 Million |
| Forecasted Market Value (USD) by 2030 | $259 Million |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- VOC Gas Monitors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Focus on Indoor and Outdoor Air Quality Spurs Demand for VOC Gas Monitors
- Technological Advancements in Photoionization Detection Strengthen Business Case for VOC Monitors
- Stringent Environmental Regulations Drive Adoption of Advanced VOC Detection Systems
- Expansion of Industrial Activities Expands Addressable Market Opportunity for VOC Monitors
- Integration of Digital Platforms and IoT Capabilities Propels Growth in VOC Monitoring Solutions
- Rising Awareness about Health Risks of VOC Exposure Generates Demand for Enhanced Detection Systems
- Adoption of Low-Cost Sensor Technologies Sustains Market Growth
- Development of Portable and Fixed VOC Detectors Enhances Versatility
- Increasing Use of VOC Monitors in Oil and Gas Industry Strengthens Demand
- Advancements in Alarm Relay Systems Generate Opportunities for Improved Safety Protocols
- Emergence of Smart and Connected VOC Detectors Throws the Spotlight on Real-Time Monitoring
- Increased Focus on Industrial Safety Boosts VOC Monitor Adoption
- Growing Adoption of VOC Monitors in Manufacturing and Processing Facilities Drives Market Growth
- Adoption of VOC Monitors in Healthcare and Pharmaceutical Industries Strengthens Market Position
- Emergence of New VOC Detection Technologies Driving Market Change
FOCUS ON SELECT PLAYERS (Total 36 Featured)
- Aeroqual Limited
- Ambetronics Engineers Pvt. Ltd.
- Analox Group
- Dragerwerk AG & Co. KGaA
- Global Detection Systems Corp.
- Halma PLC
- Honeywell International, Inc.
- ION Science Ltd.
- Nanjing AIYI Technologies Co., Ltd.
- Oizom Instruments Pvt. Ltd.
- Omega Engineering, Inc.
- RKI Instruments, Inc.
- Shenzhen Yuante Technology Co., Ltd.
- Siemens AG
- Teledyne Gas & Flame Detection
For more information about this report visit https://www.researchandmarkets.com/r/x7drjn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
