Volatile Organic Compound Gas Sensor Market by End-user and Geography - Forecast and Analysis 2022-2026
| Published: Feb 2022 | Pages: 120 | SKU: IRTNTR72301 |
The volatile organic compound gas sensor market share is expected to increase by USD 68.97 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.21%.
This volatile organic compound gas sensor market research report will help companies evaluate their business approaches. Furthermore, this report extensively covers volatile organic compound gas sensor market segmentation by end-user (oil and gas, chemicals, agriculture, automotive, and others) and geography (North America, Europe, APAC, MEA, and South America). The volatile organic compound gas sensor market report also offers information on several market vendors, including Aeroqual Ltd., Amphenol Corp., ams AG, Dragerwerk AG and Co. KGaA, Figaro Engineering Inc., GfG Ltd., Honeywell International Inc., Ion Science Ltd., KWJ Engineering Inc., and Renesas Electronics Corp. among others.
What will the Volatile Organic Compound Gas Sensor Market Size be During the Forecast Period?
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Volatile Organic Compound Gas Sensor Market: Key Drivers, Trends, and Challenges
The burgeoning water and wastewater treatment industry is notably driving the volatile organic compound gas sensor market growth, although factors such as price volatility in the oil and gas industry 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 volatile organic compound gas sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Volatile Organic Compound Gas Sensor Market Driver
One of the key factors driving the global volatile organic compound gas sensor market growth is the burgeoning water and wastewater treatment industry. Products produced by chlorination in water treatment, such as chloroform and components of petroleum fuels, hydraulic fluids, paint thinners, and dry cleaning agents, are major water effluents. Thus, various agencies such as the US EPA and the FAO have set a standard limit on the trace of chemical effluents before they are discharged into the environment. For instance, the US EPA publicized the Oil and Gas Extraction Effluent Guidelines and Standards in 2016 and keep updating on a regular interval (the last update was in 2019) covering wastewater discharge from field exploration, drilling, production, and well treatment activities, across the land, coastal areas, and offshore. The prevalence of such regulation has forced industries to build treatment plants and monitor the gases emitted from such industries, which will drive market growth during the forecast period.
Key Volatile Organic Compound Gas Sensor Market Trend
Another key factor driving global volatile organic compound gas sensor market growth is the increase in LNG trade. Several countries are trying to increase the share of natural gas in their energy mix, which is increasing the demand for LNG. Furthermore, cross-border disputes and the geopolitical tension over pipelines have renewed the interest in LNG as a transport fuel. On the supply side, investments in LNG infrastructure have been increasing in Australia, Qatar, Africa, Russia, and the US. For instance, in March 2018, Mozambique approved its first onshore LNG project, which consisted of a nameplate capacity of more than 12 MTPA. On the demand side, Asia is leading the demand in LNG import markets, owing to the growth in new LNG regasification facilities. Such factors will positively impact the market growth during the forecast period.
Key Volatile Organic Compound Gas Sensor Market Challenge
One of the key challenges to the global volatile organic compound gas sensor market growth is the price volatility in the oil and gas industry. For instance, crude oil prices have been falling significantly since the beginning of 2020, which is attributed to the economic contraction caused by the COVID-19 and a sudden increase in crude oil supply following the suspension of agreed production cuts among the Organization of the Petroleum Exporting Countries (OPEC) and partner countries. Moreover, with falling demand and increasing supply, daily price changes for the US benchmark crude oil West Texas Intermediate (WTI) have become extremely volatile. In March 2020, the prices decreased by more than 10% for four days, and for two days the prices were increased by more than 10%. Such factors can adversely affect the growth of the market in focus during the forecast period.
This volatile organic compound gas sensor 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 2022-2026.
Parent Market Analysis
Technavio categorizes the global volatile organic compound (VOC) gas sensors market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the volatile organic compound gas sensor market during the forecast period.
Who are the Major Volatile Organic Compound Gas Sensor Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Aeroqual Ltd.
- Amphenol Corp.
- ams AG
- Dragerwerk AG and Co. KGaA
- Figaro Engineering Inc.
- GfG Ltd.
- Honeywell International Inc.
- Ion Science Ltd.
- KWJ Engineering Inc.
- Renesas Electronics Corp.
This statistical study of the volatile organic compound gas sensor market encompasses successful business strategies deployed by the key vendors. The volatile organic compound gas sensor market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.
Product Insights and News
- ams AG - The company offers volatile organic compound gas sensor products such as CCS801.
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 volatile organic compound gas sensor 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.
Volatile Organic Compound Gas Sensor Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the volatile organic compound gas sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global electronic equipment and instruments market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- After-sale service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Volatile Organic Compound Gas Sensor Market?
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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the volatile organic compound gas sensors in North America. However, market growth in this region will be slower than the growth of the market in other regions.
The continuous involvement of governments and the measures taken to safeguard the workplace will facilitate the volatile organic compound gas sensor 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.
What are the Revenue-generating End-user Segments in the Volatile Organic Compound Gas Sensor Market?
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The volatile organic compound gas sensor market share growth by the oil and gas segment will be significant during the forecast period. The increase in initiatives by governments and regulatory bodies to meet the growing energy demand leading to new projects to accomplish the objective will drive the market growth through this segment in the coming years. For instance, in February 2020, ADNOC announced two contracts for the construction of offshore facilities for the Dalma Gas Development Project to Petrofac Emirates LLC, having an estimated value of over USD 1.6 billion.
This report provides an accurate prediction of the contribution of all the segments to the growth of the volatile organic compound gas sensor market size and actionable market insights on post COVID-19 impact on each segment.
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Volatile Organic Compound Gas Sensor Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.21% |
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Market growth 2022-2026 |
$ 68.97 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.64 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, Germany, UK, Canada, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aeroqual Ltd., Amphenol Corp., ams AG, Dragerwerk AG and Co. KGaA, Figaro Engineering Inc., GfG Ltd., Honeywell International Inc., Ion Science Ltd., KWJ Engineering Inc., and Renesas Electronics Corp. |
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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 the forecast period |
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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. |
What are the Key Data Covered in this Volatile Organic Compound Gas Sensor Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive volatile organic compound gas sensor market growth during the next five years
- Precise estimation of the volatile organic compound gas sensor market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the volatile organic compound gas sensor industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of volatile organic compound gas sensor market vendors
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Electronic equipment and instruments
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 After-sales service
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market size 2021
**3.3 Market segment analysis
*Exhibit 12: Market segments
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5 Market Segmentation by End-user
**5.1 Market segments
*Exhibit 22: End-user - Market share 2021-2026 (%)
**5.2 Comparison by End-user
*Exhibit 23: Comparison by End-user
**5.3 Oil and gas - Market size and forecast 2021-2026
*Exhibit 24: Oil and gas - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Oil and gas - Year-over-year growth 2021-2026 (%)
**5.4 Chemicals - Market size and forecast 2021-2026
*Exhibit 26: Chemicals - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Chemicals - Year-over-year growth 2021-2026 (%)
**5.5 Agriculture - Market size and forecast 2021-2026
*Exhibit 28: Agriculture - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Agriculture - Year-over-year growth 2021-2026 (%)
**5.6 Automotive - Market size and forecast 2021-2026
*Exhibit 30: Automotive - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Automotive - Year-over-year growth 2021-2026 (%)
**5.7 Others - Market size and forecast 2021-2026
*Exhibit 32: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
**5.8 Market opportunity by End-user
*Exhibit 34: Market opportunity by End-user
***6. Customer landscape
**6.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 35: ?Customer landscape?
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 36: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 37: Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 38: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: North America - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 40: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: Europe - Year-over-year growth 2021-2026 (%)
**7.5 APAC - Market size and forecast 2021-2026
*Exhibit 42: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 43: APAC - Year-over-year growth 2021-2026 (%)
**7.6 MEA - Market size and forecast 2021-2026
*Exhibit 44: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 46: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 47: South America - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 48: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 49: Market opportunity by geography
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Burgeoning water and wastewater treatment industry
*8.1.2 Growing awareness about indoor and outdoor air quality
*8.1.3 Imposition of regulations and policies by government associations
demand for convenience in pharmaceutical packaging
**8.2 Market challenges
*8.2.1 Price volatility in the oil and gas industry
*8.2.2 Rapid adoption of pollution control policies
*8.2.3 Detection of gases from simple or complex mixtures of volatile organic compound
*Exhibit 50: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increase in LNG trade
*8.3.2 Rising demand for sensors with high accuracy and low power consumption
*8.3.3 Introduction of multi-sensors portable volatile organic compound gas sensors
***9. Vendor Landscape
**9.1 Overview
*Exhibit 51: Vendor landscape
*The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
**9.2 Landscape disruption
*Exhibit 52: ?Landscape disruption?
*Exhibit 53: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 54: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 55: ?Market positioning of vendors?
**10.3 Aeroqual Ltd.
*Exhibit 56: Aeroqual Ltd. - Overview
*Exhibit 57: Aeroqual Ltd. - Product and service
*Exhibit 58: Aeroqual Ltd. - Key offerings
**10.4 Amphenol Corp.
*Exhibit 59: Amphenol Corp. - Overview
*Exhibit 60: Amphenol Corp. - Business segments
*Exhibit 61: Amphenol Corp.- Key news
*Exhibit 62: Amphenol Corp. - Key offerings
*Exhibit 63: Amphenol Corp. - Segment focus
**10.5 ams AG
*Exhibit 64: ams AG - Overview
*Exhibit 65: ams AG - Business segments
*Exhibit 66: ams AG- Key news
*Exhibit 67: ams AG - Key offerings
*Exhibit 68: ams AG - Segment focus
**10.6 Dragerwerk AG and Co. KGaA
*Exhibit 69: Dragerwerk AG and Co. KGaA - Overview
*Exhibit 70: Dragerwerk AG and Co. KGaA - Business segments
*Exhibit 70: Dragerwerk AG and Co. KGaA - Business segments
*Exhibit 72: Dragerwerk AG and Co. KGaA - Segment focus
**10.7 Figaro Engineering Inc.
*Exhibit 73: Figaro Engineering Inc. - Overview
*Exhibit 74: Figaro Engineering Inc. - Product and service
*Exhibit 75: Figaro Engineering Inc. - Key offerings
**10.8 GfG Ltd.
*Exhibit 76: GfG Ltd. - Overview
*Exhibit 77: GfG Ltd. - Product and service
*Exhibit 78: GfG Ltd. - Key offerings
**10.9 Honeywell International Inc.
*Exhibit 79: Honeywell International Inc. - Overview
*Exhibit 80: Honeywell International Inc. - Business segments
*Exhibit 81: Honeywell International Inc.- Key news
*Exhibit 82: Honeywell International Inc. - Key offerings
*Exhibit 83: Honeywell International Inc. - Segment focus
**10.10 Ion Science Ltd.
*Exhibit 84: Ion Science Ltd. - Overview
*Exhibit 85: Ion Science Ltd. - Product and service
*Exhibit 86: Ion Science Ltd. - Key offerings
**10.11 KWJ Engineering Inc.
*Exhibit 87: KWJ Engineering Inc. - Overview
*Exhibit 88: KWJ Engineering Inc. - Product and service
*Exhibit 89: KWJ Engineering Inc. - Key offerings
**10.12 Renesas Electronics Corp.
*Exhibit 90: Renesas Electronics Corp. - Overview
*Exhibit 91: Renesas Electronics Corp. - Business segments
*Exhibit 92: Renesas Electronics Corp.-Key news
*Exhibit 93: Renesas Electronics Corp. - Key offerings
*Exhibit 94: Renesas Electronics Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 Notes and Caveats
**11.2 Currency conversion rates for US$
*Exhibit 95: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 96: ?Research Methodology
*Exhibit 97: ??Validation techniques employed for market sizing?
*Exhibit 98: ??Information sources
**11.4 List of abbreviations
*Exhibit 99: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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volatile organic compound gas sensor market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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