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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Volatile Organic Compound Gas Sensor Market Outlook
The global volatile organic compound gas sensor industry attained a value of nearly USD 162.04 million in 2023. The market is further expected to grow at a CAGR of about 5.0% in the forecast period of 2024-2032 to reach approximately USD 251.04 million by 2032.
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Properties and Applications
Volatile organic compound gas sensors are used to measure gases in their vicinity like ethene, propane, benzene, methylene chloride, acetone, and ethanol.
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Based on technology, the market can be segmented into:
- Photo-Ionization Detector (PID)
- Infrared-Based Detection
- Metal-Oxide Semiconductor
- Others
The market is divided into two types:
- Single Gas Detection Sensor
- Multiple Gas Detection Sensor
The market can be broadly categorised on the basis of its end-use segments into:
- Oil and Gas
- Agriculture
- Automotive
- Chemical Industry
- Manufacturing
- Food and Beverages
- Metals and Mining
- Others
The EMR report looks into the regional markets of volatile organic compound gas sensor like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The demand for volatile organic compound gas sensor is expected to increase due to features like explosive or hazardous gas detection at safe distances. The increased awareness regarding indoor and outdoor air quality drives the demand for industrial and private environmental monitoring. The efficiency of VOC gas sensors used in industrial applications is very low and consume more power at high temperature. The need for sensors with high accuracy and low power consumption is, thus, an important factor driving the volatile organic compound gas sensor industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global volatile organic compound gas sensor industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Figaro Engineering Inc.
- ams AG
- Honeywell International Inc.
- Siemens AG
- Teledyne FLIR LLC
- Aeroqual Limited
- Alphasense Ltd
- Drägerwerk AG & Co. KGaA
- Global Detection Systems Corp.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 162.04 million in 2023.
The market is projected to grow at a CAGR of approximately 5.00% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 251.04 million by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and the rising demand for sensors with high accuracy and low power consumption.
The increased awareness regarding indoor and outdoor air quality and features like explosive or hazardous gas detection at safe distances are expected to be key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The leading technologies in the market are photo-ionization detector (PID), infrared-based detection, and metal-oxide semiconductor, among others.
The major types of volatile organic compound gas sensors in the market are single gas detection sensor and multiple gas detection sensor.
The significant end uses in the market are oil and gas, agriculture, automotive, chemical industry, manufacturing, food and beverages, and metals and mining, among others.
The key players in the global volatile organic compound gas sensor market are Figaro Engineering Inc., ams AG, Honeywell International Inc., Siemens AG, Teledyne FLIR LLC, Aeroqual Limited, Alphasense Ltd, Drägerwerk AG & Co. KGaA, and Global Detection Systems Corp., among others.
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