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The voc gas monitor market share is expected to increase by USD 50.05 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%.
This voc gas monitor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (Paints and coatings, Chemical, Petroleum, Pharmaceuticals, and Others) and geography (North America, Europe, APAC, South America, and MEA). The voc gas monitor market report also offers information on several market vendors, including Aeroqual Ltd., Dragerwerk AG & Co. KGaA, Endee Engineers Pvt. Ltd., FLIR Systems Inc., Halma Plc, Honeywell International Inc., KWJ Engineering Inc., Siemens AG, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing awareness of low-cost gas sensor technology among end-users is notably driving the voc gas monitor market growth, although factors such as escalation of price war among vendors and threat from local vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the voc gas monitor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver for the VOC Gas Monitor Market
Increasing awareness of low-cost gas sensor technology among end-users is one of the key drivers for the market in focus. Low-cost sensor innovation can detect harmful gases in a region and provide high-density spatiotemporal contamination information. Such information can be used for supplementing customary contamination monitoring, enhancing exposure gauges, and raising awareness about air pollution in a specified region.
Key VOC Gas Monitor Market Challenge
Escalation of a price war among vendors and threat from local vendors is one of the key challenges for the market in focus. Intense competition among vendors results in a price war in the market. Therefore, revenue becomes dependent on the pricing strategy followed by each vendor. Besides the extreme price war among all vendors, international players face a stiff challenge from domestic vendors. These factors are expected to hinder the market growth to some extent during the forecast period.
This voc gas monitor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the voc gas monitor market encompasses successful business strategies deployed by the key vendors. The voc gas monitor market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The voc gas monitor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for voc gas monitor market in North America. Market growth in this region will be faster than the growth of the market in other regions.
Increasing awareness of low-cost gas sensor technology will facilitate the voc gas monitor market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The voc gas monitor market share growth by the paints and coatings segment will be significant during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the voc gas monitor market size and actionable market insights on post COVID-19 impact on each segment.
VOC Gas Monitor Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
$ 50.05 million |
Market structure |
Fragmented |
YoY growth (%) |
4.56 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Germany, UK, Canada, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aeroqual Ltd., Dragerwerk AG & Co. KGaA, Endee Engineers Pvt. Ltd., FLIR Systems Inc., Halma Plc, Honeywell International Inc., KWJ Engineering Inc., Siemens AG, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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