VOC Gas Monitor Market - Introduction
VOC, or volatile organic compounds, are organic chemicals at normal room temperature and it has high vapor pressure. Volatile organic compounds gas detector devices are used to detect concentrations of various types of VOC gases in the air. The application of these gas detectors is expected to increase in the near future, due to more and more severe principles chief emission standards. Volatile organic compounds (VOCs) gas detectors are easy to use and ideal for measuring formaldehyde (HCHO) levels and total volatile organic compound (TVOC) levels in laboratories, factories, offices, indoor environments, hotels, and schools.
VOC Gas Monitor Market – Competitive Landscape
- In August 2018, Honeywell International Inc. introduced a new line of addressable smoke and heat detection devices in order to comply with the upcoming building code changes and to improve fire detection
Incorporated in 1847, Siemens AG is presently based in Munich, Germany. The company engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. Siemens AG operates through the following business segments: wind power and renewables; power and gas; building technologies; energy management; mobility; process industries and drives; digital factory; healthcare; and financial services. The company offers products, solutions, and services for medical imaging and laboratory diagnostics; power generation, oil & gas production and transportation; transmission and distribution; industrial technologies and automation systems; infrastructure and building technologies; mobility and logistics solutions.
Founded in 1981, ams AG is headquartered in Premstätten, Austria. The company develops and manufactures analog semiconductors, sensor interfaces, sensors, power management and wireless solutions. It operates through the following segments: consumer, non-consumer, and foundry. AMS’s products include audio systems, smart light management, spectral sensing, environmental sensors, CMOS imaging sensors, light sensors, and medical imaging and magnetic position sensors.
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Incorporated in 2011, AlphaSense, Inc. is currently based in New York, U.S. The company provides web search engine for financial and knowledge professionals.. The company’s search database covers its client’s in-house content as well as external resources through multiple channels. The company is specialized in company research, investment research, semantic search, and competitive intelligence.
Honeywell International Inc.
Founded in 1906, Honeywell International Inc. is presently based in Charlotte, North Carolina, U.S. It is a software technology and manufacturing company, which offers solutions specific products and services provided by aerospace and automotive industries. The company specializes in turbochargers control, sensing and security technologies for homes and buildings; process technology for refining and petrochemicals; electronic and advanced materials; specialty chemicals; and energy efficient products and solutions for homes, business and transportation. It operates through the following business segments: performance materials and technologies; aerospace; home and building technologies; and safety and productivity solutions.
Established in 1889, Drägerwerk AG is based in Lübeck, Germany. The company engages in the development, manufacture, and sale of medical and safety products, gas detection, and analysis systems. The company possess over 14,000 employees and has presence in more than 190 countries across the world.
Significant players operating in the VOC gas monitor market are Aeroqual (New Zealand), Extech Instruments (U.S.), GDS Corporation (U.S.), and Ushio, Inc. (Japan).
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VOC Gas Monitor Market - Dynamics
Expansion of water and wastewater treatment industry drives VOC gas monitor market
Expansion of the VOC gas monitor market can be attributed to the expansion of water and wastewater treatment industry. The social and economic structure of society is witnessing significant transformation, from an agricultural-based society to an industrial society. This transformation has led to a surge in the standard of living and production of goods in order to cater to the demand, which in turn has led to an increase in the consumption of water. VOC gas monitors are increasingly being employed for water and wastewater treatment to meet the rising demand for consumable water.
VOC Gas Monitor Market – Segmentation
The global VOC gas monitor market can be segmented based on:
VOC Gas Monitor Market Segmentation – By Application
Based on application, the VOC gas monitor market can be classified into:
- Air Purification & Monitoring
- Environmental Monitoring
- Industrial Process Monitoring
- Leak Detection
VOC Gas Monitor Market Segmentation – By End-user
In terms of end-user, the VOC gas monitor market can be divided into:
- Paints and coatings
The report on VOC gas monitor market is a compilation of firsthand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The VOC gas monitor market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The VOC gas monitor market report also maps the qualitative impact of various market factors on VOC gas monitor market segments and geographies.
Regional analysis of the global VOC gas monitor market includes:
- North America
- South America
- Asia Pacific
- Middle East & Africa (MEA)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.