The VOC gas monitor market will register a CAGR of almost 7% by 2022

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Jan 07, 2019, 17:02 ET

LONDON, Jan. 7, 2019 /PRNewswire/ -- About this market
Increasing need for interoperability to gain traction in the market. This interoperability features can be applied to all the heterogeneous products like wireless VOC gas monitoring equipment, video monitors, home networking or automated products, smoke alarms, and home gateways. It can also be applied to some homogeneous products like switches and routers. Technavio's analysts have predicted that the VOC gas monitor market will register a CAGR of almost 7% by 2022.

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Market Overview
Increasing awareness of low-cost gas sensor technology among end-users
The low-cost sensor innovation can possibly alter the region of air contamination detection by giving high-density spatiotemporal contamination information.
Escalation of price war among vendors and threat from local vendors
Intense competition among vendors results in a price war in the market. Therefore, revenues become dependent on the pricing strategy followed by each vendor.
For the detailed list of factors that will drive and challenge the growth of the VOC gas monitor market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including KWJ Engineering and Thermo Fisher Scientific the competitive environment is quite intense. Factors such as the increasing need for interoperability and the increasing awareness of low-cost gas sensor technology among end-users, will provide considerable growth opportunities to VOC gas monitor manufactures. Aeroqual, Endee-Engineers, Honeywell International, KWJ Engineering, and Thermo Fisher Scientific are some of the major companies covered in this report.

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