Market Overview

Global VOC Gas Monitor Market 2018-2022 | Increasing Need for Interoperability to Augment Growth | Technavio

Share:

The global VOC gas monitor market is expected to post a CAGR of nearly 7%
during the period 2018-2022, according to the latest market research
report by Technavio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190102005374/en/

Technavio forecasts the global VOC gas monitor market to post a CAGR of nearly 7% by 2022. (Graphic: ...

Technavio forecasts the global VOC gas monitor market to post a CAGR of nearly 7% by 2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth in the water
and wastewater treatment industry. The economic and social structure of
the society is transforming from an agrarian-based society to an
industrial society. Industrialization has led to an increase in the
standard of living and production of good, which, in turn, has led to a
rise in the consumption of water.

This market research report on the global
VOC gas monitor market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing need for
interoperability as one of the key emerging trends in the global VOC gas
monitor market:

Global VOC gas monitor market: Increasing need
for interoperability

The T&M market is a constantly evolving market and equipments are
designed to work with other products. Customers are facing an issue that
products are not compatible with new products and buyers are supposed to
use the same company products in the future as well. This
interoperability feature can be applied to all the diverse products like
wireless VOC gas monitoring equipment, video monitors, home networking
or automated products, smoke alarms, and home gateways. It can be also
applied to some similar products like switches and routers.

"This interoperability across various end-users creates an issue for
vendors, they are trying to find a solution for this. As a solution,
manufacturers are trying to manufacture a new type of equipment that can
be worked with any other product in the future. To ensure that the
product is compatible with other products, vendors are conducting
various interoperability tests. As the research in this field is
becoming strong, the interoperability feature will become a reality and
vendors will start to manufacture products based on specific standards,"
says
a senior analyst at Technavio for research on automation.

Global VOC gas monitor market: Segmentation
analysis

This market research report segments the global VOC gas monitor market
by end-user (paints and coatings, chemical, petroleum, and
pharmaceuticals) and geographical regions (APAC, EMEA, and the Americas).

The paints and coatings segment held the largest market share in 2017,
accounting for nearly 29% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of over 45%.
This region is expected to dominate the market through 2022.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com