Report ID: SQMIG10A2047
Report ID:
SQMIG10A2047 |
Region:
Global |
Published Date: November, 2024
Pages:
181
|
Tables:
119 |
Figures:
76
Asia Pacific region dominated the market and accounted for over 32.0% of global revenue in 2022. The region is expected to expand at the highest CAGR during the forecast period. The market growth can be attributed to the increasing demand for environmental and technological assessment solutions across the region. The region includes many emerging countries such as India, Japan, Australia, Taiwan, which witness rapid urbanization and industrialization, resulting in high levels of air pollution and environmental degradation. Demand for gas sensors, increasing in applications including automotive and vehicle manufacturing. Increasing adoption of IoT and smart technologies in the industry for air quality monitoring and pollution control across industries is also driving the growth of the global volatile organic compound gas sensor market.
North America is expected to grow at the significant CAGR. The global volatile organic compound gas sensor market is subject to regional changes driven by factors such as industrial activity, regulatory framework, and economic growth. The US, due to its large industrial base and regulations aimed at curbing VOC emissions, has invested heavily in technologies to reduce VOC emissions under environmental compliance requirements.
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Report ID: SQMIG10A2047