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Volatile Organic Compound (VOC) Gas Sensor Market Share

Report ID: GMI9937
Published Date: Jun 2024
Report Format: PDF

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Volatile Organic Compound Gas Sensor Market Share

ABB Limited and Siemens AG. hold a significant share of over 14% in the volatile organic compound (VOC) gas sensor market. ABB Limited is a global technology company specializing in power and automation technologies. In the VOC gas sensor market, with their extensive automation and control systems, ABB offers cutting-edge sensor solutions. These sensors ensure adherence to environmental laws and improve safety in industrial applications by providing excellent precision and dependability. Oil and gas, chemical processing, and manufacturing are just a few of the industries that use ABB's VOC gas sensors to efficiently monitor and control emissions and air quality.

Siemens AG is a leading global engineering and technology company that offers a wide range of products and services. Siemens offers advanced sensor technology in the VOC gas sensor industry as part of their larger environmental and building automation solutions. These sensors are made to detect volatile organic compounds (VOCs) with extreme precision, improving air quality monitoring in commercial, industrial, and residential environments. VOC sensors from Siemens are essential to smart building systems because they help with regulatory compliance and encourage the creation of healthy, energy-efficient spaces.

Volatile Organic Compound Gas Sensor Market Companies

Major players operating in the VOC gas sensor industry are:

ABB Limited
Siemens AG
Bosch Sensortec GmbH
Honeywell International Inc.
ams AG
Renesas Electronics Corporation
Figaro Engineering Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Volatile organic compound (VOC) gas sensor industry size was worth USD 164.65 million in 2023 and will grow at 6.5% CAGR between 2024 and 2032, driven by increasing awareness of indoor air quality, stringent environmental regulations, and growing health concerns related to air pollution.

Volatile organic compound (VOC) gas sensor market from the multiple gas detection sensor segment will surpass USD 170 million by 2032, primarily due to its capability to detect a wide range of gases beyond VOCs, such as carbon monoxide, nitrogen dioxide, and methane.

Asia Pacific industry will capture over 34% share by 2032, propelled by rapid industrialization, urbanization, coupled with stringent environmental regulations, increasing awareness of indoor air quality and health concerns.

ABB Limited, Siemens AG, Bosch Sensortec GmbH, Honeywell International Inc., ams AG, Renesas Electronics Corporation, and Figaro Engineering Inc., are among others.