Volatile Organic Compound Gas Sensor Market 2021 Competitive Insights - EcoSensors, SGX Sensortech Limited, GfG Europe Ltd., Integrated Device Technology, Inc

The Volatile Organic Compound Gas Sensor Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The volatile organic compound gas sensor market was valued at USD 152.4 million in 2019, at a CAGR of 7% during the forecast period (2020 - 2025).

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Top Leading Companies of Volatile Organic Compound Gas Sensor Market are EcoSensors, SGX Sensortech Limited, GfG Europe Ltd., Integrated Device Technology, Inc., Aeroqual Limited, Alphasense, ABB Ltd., Ion Science Ltd and others.

Industry News and Updates

- March 2020: ABB limited agreed to acquire Cylon Controls Ltd for enhancing the ABB Electrification business position in the commercial buildings segment. Cylon consists of approximately 100 employees and offers to build automation and HVAC control solutions.N9

Key Market Trends

North America to Hold Major Market Share

- The region's governments have underlined the regulatory framework and required/mandated infrastructure for utility companies to function at optimal levels. Utilities primarily run the base of civilization, and society needs this basic need to function on more than just a financial level, making it a safe bet for volatile times in the market. Due to the continuous involvement of the government, the measures to safeguard the workplace need to be handled with the utmost importance. This provides a huge market opportunity for gas sensor manufacturers.

- For instance, as of January 2020, the DOE selected 16 projects to receive nearly USD 25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development. One of the major areas where cost is associated belongs to retrofits. The developments across building a low-cost retrofit technology, specifically to an air management system, integrated sensors, and a cloud-connected control system, are expected to reduce emissions.

- On the other hand, The region witnessing a few incidents in the oil and gas domains has confirmed the need for meticulous monitoring of the transportation of volatile fuels. The 2010 gas explosion in San Bruno, California, revealed that PG&E failed to have appropriate detection equipment in place, but the utility was negligent across periodic testing of its transmission lines.

Regional Outlook of Volatile Organic Compound Gas Sensor Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Volatile Organic Compound Gas Sensor Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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