Volatile Organic Compound Gas Sensor Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025
“The global volatile organic compound (VOC) gas sensor market size was accounted for USD 141.7 million, in 2018 and is anticipated to grow at a CAGR of 4% over the forecast period of 2019 to 2025.”
The global volatile organic compound gas sensor market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global volatile organic compound gas sensor market size is projected to touch USD 186.7 million by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 4% through the forecast period of 2019-2025. The presence of volatile organic compound (VOC) gases in the air has been subject to a lot of contemplation and is very crucial in developing leak detection devices. This factor is expected to propel the growth of the market. A VOC gas sensor is an electrical device which is used to detect the presence of gases like methylene, benzene, propane, chloride, ethanol and acetone in a confined area and is mostly integrated in a safety system. These sensors are consolidated into leak detection devices which consume less power. Technological advancements like PID sensors and enhancements of MEMS sensors for detection of volatile organic compound emission are anticipated to propel the growth of the market. VOC sensors are largely used in air monitoring devices to inspect emission levels due to their rare properties like portability, compact size and high sensing performance. Nevertheless, these sensors feature limitations like lack high operating temperatures and poor selectivity. Thus, to counteract these challenges, the companies are forthcoming with improvised MEMS sensors to subjugate the disadvantages.