The global market for volatile organic compound (VOC) gas detectors will grow from $131.4 million in 2016 to $154.7 million by 2021, with a compound annual growth rate (CAGR) of 3.3% for the period of 2016-2021
NEW YORK, Jan. 15, 2018 /PRNewswire/ -- Use this report to:
-- Analyze recent developments and current trends in the global market for VOC gas detectors.
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-- Quantify the projected impact of the internal and external forces that are affecting the VOC gas detector industry.
-- Gain insight about the major players across each of the regional markets for VOC gas detectors.
-- Learn about types of VOC gas detectors i.e. fixed VOC gas detectors and portable voc gas detectors.
Highlights
-- The global market for volatile organic compound (VOC) gas detectors will grow from $131.4 million in 2016 to $154.7 million by 2021, with a compound annual growth rate (CAGR) of 3.3% for the period of 2016-2021.
-- The active collection method dominated the market and will grow from $83.5 million in 2016 to $98.5 million by 2021, rising at a CAGR of 3.4%.
-- The passive collection method market is expected to increase from $47.9 million in 2016 to around $56.2 million by 2021 with a CAGR of 3.2%.
INTRODUCTION
Volatile Organic Compound Volatile organic compound (VOC) gas detectors are devices used to sense and detect concentrations of different types of VOC gases in air. The market for VOC gas detectors is expected to grow, mainly due to increasingly strict regulations governing emission standards. The market has been growing at a rate of 2.6% in 2016, primarily due to the increasing application of VOC gas detectors to curb indoor emissions from consumer goods, but also due to expected growth in industry, such as indoor oil and gas, transportation and chemicals.
Technological advancements in the VOC gas detector industry have resulted in the increasing market penetration of photoionization detectors (PIDs), standard pellistors, flame ionization detectors (FIDs), metal-oxide semiconductors (MOS) and nondispersive infrared (NDIR)-based VOC gas detectors.
To assess the market, BCC Research has broadly divided VOC gas detectors into five segments, based on the types of gas detected: benzene, formaldehyde, xylene, toluene and other types of VOC gases.
VOC gas detectors are widely used in industries such as oil and gas, transportations and chemical, and indoor applications as well. The oil and gas industry includes both refinery and oil and gas exploration.
The global market for VOC gas detectors is growing, primarily driven by demand in the North American, European and Asia-Pacific markets.
STUDY GOALS AND OBJECTIVES
The goal of this report is to provide an analysis of recent developments and current trends in the global market for VOC gas detectors, as well as identify significant drivers of revenue growth in specific categories.
The objective of this type of systematic research is to quantify the projected impact of the internal and external forces that are affecting the VOC gas detector industry today and that will affect the industry over the forecast period of 2016 through 2021.
REASONS FOR DOING THE STUDY
With the recovery of the global economy, gas emission standards have become more stringent in Europe, Asia-Pacific and North America, which has increased the demand for VOC gas detectors.
SCOPE OF REPORT
The scope of this report is broad and covers the different types of VOC gas detectors. The market is broken down by type of gas detected, type of technology used, industry, purpose of gas detection, and region. Revenue forecasts from 2016 through 2021 are provided for each of these segments. Estimated values are based on manufacturers' total revenues.
The report also includes a discussion of the major players across each of the regional markets for VOC gas detectors. It explains the major global market drivers and current trends in the industry as well as major applications and regional dynamics.
The report concludes with a focus on the vendor landscape, which includes profiles of the major vendors and the market shares for the major players, by region.
INTENDED AUDIENCE
This report is intended especially for manufacturers, suppliers, Industries and others with a vital interest in gas detectors and their applications. In addition, because of this report's business focus, it will be useful to sales executives and business managers as an up-to-date guide of the drivers and trends expected to be significant factors in the current and future market.
METHODOLOGY
The base year for analysis and projection is 2015. With 2015 as a baseline, market projections were developed from 2016 through 2021. These projections are based on a combination of a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from historical and analytical perspectives.
The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2015 constant dollars. All revenue values are at the manufacturer level of the supply chain.
INFORMATION SOURCES
The findings and conclusions of this report are based on information gathered from primary and secondary research sources. The primary sources of information were interviews conducted with VOC gas detector companies and distributors. Secondary sources consulted included industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.
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