Market Overview:
The global smart formaldehyde detector market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the health hazards posed by formaldehyde and the growing demand for smart formaldehyde detectors for various applications such as industrial, commercial, household, and others.
Product Definition:
A Smart Formaldehyde Detector is a device used to measure the level of formaldehyde in the air. It is important to have a formaldehyde detector in order to monitor and protect your family from the harmful effects of this gas.
Portable:
Portable formaldehyde detectors are electronic devices used to detect the amount of formaldehyde in a given environment. The product is gaining popularity among end-users as it offers benefits such as easy installation and portability.
The global portable formaldehyde detector market was valued at USD 98.6 million in 2015.
Stationary:
Stationary is a device used to measure the amount of formaldehyde in air or liquid. It is also used as an analytical tool for detecting the level of formaldehyde in various products such as resins, adhesives, paints and coatings and wood. The stationary consists of sensor unit, control unit and display unit which can be battery operated or plug-in electric operated.
Application Insights:
The industrial segment dominated the global smart formaldehyde detector market in terms of revenue and is expected to continue its dominance over the forecast period. Formaldehyde has significant applications in various industries such as building & construction, consumer goods, medical devices, and others. The growing demand for formaldehyde-free household products is expected to drive demand from the household application segment over the forecast period.
Formaldehyde has wide applications across several industries which include electronic components manufacturing, metal plating/copper refining process among others. These factors are anticipated to fuel product demand from other segments such as commercial application during the estimated time frame.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of more than 35% in 2017 and is anticipated to continue its dominance over the forecast period. This growth can be attributed to increasing demand from residential, commercial, and industrial sectors in countries such as China, India, Japan, South Korea etc. In addition rising number of construction activities coupled with rapid urbanization in these countries will boost industry expansion further driving product demand during the forecast period.
The U.S., being one of the most developed nations has been witnessing an increase in smart formaldehyde detectors since past few years owing to stringent government regulations regarding formaldehyde emission levels from various industries or sources which are harmful for human health & environment thus leading towards higher adoption rate among end-users across this region will drive growth further contributing significantly towards overall industry development during future years ahead as well (see figure below).
Growth Factors:
- Increasing demand for smart formaldehyde detectors in residential and commercial applications
- Growing awareness about the health hazards associated with formaldehyde exposure
- Technological advancements in smart formaldehyde detectors that improve accuracy and sensitivity
- Rising demand for green building products and construction services
- Stringent government regulations to control air quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Formaldehyde Detector Market Research Report
By Type
Portable, Stationary
By Application
Industrial, Commercial, Household, Others
By Companies
New Cosmos-Bie, RIKEN KEIKI, PPM Technology, RAE System, Sper Scientific, Hal Technology, Begood, E Instruments, Extech, Lanbao, GrayWolf, Uni-Trend, RKI Instruments, Environmental Sensors, Bacharach
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Smart Formaldehyde Detector Market Report Segments:
The global Smart Formaldehyde Detector market is segmented on the basis of:
Types
Portable, Stationary
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Household, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- New Cosmos-Bie
- RIKEN KEIKI
- PPM Technology
- RAE System
- Sper Scientific
- Hal Technology
- Begood
- E Instruments
- Extech
- Lanbao
- GrayWolf
- Uni-Trend
- RKI Instruments
- Environmental Sensors
- Bacharach
Highlights of The Smart Formaldehyde Detector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable
- Stationary
- By Application:
- Industrial
- Commercial
- Household
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Formaldehyde Detector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Formaldehyde Detector is a device that can be used to detect the presence of formaldehyde in air, water or other materials.
Some of the major companies in the smart formaldehyde detector market are New Cosmos-Bie, RIKEN KEIKI, PPM Technology, RAE System, Sper Scientific, Hal Technology, Begood, E Instruments, Extech, Lanbao, GrayWolf, Uni-Trend, RKI Instruments, Environmental Sensors, Bacharach.
The smart formaldehyde detector market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Formaldehyde Detector Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Formaldehyde Detector Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Formaldehyde Detector Market - Supply Chain
4.5. Global Smart Formaldehyde Detector Market Forecast
4.5.1. Smart Formaldehyde Detector Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Formaldehyde Detector Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Formaldehyde Detector Market Absolute $ Opportunity
5. Global Smart Formaldehyde Detector Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Formaldehyde Detector Market Size and Volume Forecast by Type
5.3.1. Portable
5.3.2. Stationary
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Formaldehyde Detector Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Formaldehyde Detector Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Household
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Formaldehyde Detector Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Formaldehyde Detector Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Formaldehyde Detector Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Formaldehyde Detector Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Formaldehyde Detector Demand Share Forecast, 2019-2026
9. North America Smart Formaldehyde Detector Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Formaldehyde Detector Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Formaldehyde Detector Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Household
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Formaldehyde Detector Market Size and Volume Forecast by Type
9.7.1. Portable
9.7.2. Stationary
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Formaldehyde Detector Demand Share Forecast, 2019-2026
10. Latin America Smart Formaldehyde Detector Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Formaldehyde Detector Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Formaldehyde Detector Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Household
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Formaldehyde Detector Market Size and Volume Forecast by Type
10.7.1. Portable
10.7.2. Stationary
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Formaldehyde Detector Demand Share Forecast, 2019-2026
11. Europe Smart Formaldehyde Detector Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Formaldehyde Detector Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Formaldehyde Detector Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Household
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Formaldehyde Detector Market Size and Volume Forecast by Type
11.7.1. Portable
11.7.2. Stationary
11.8. Basis Point Share (BPS) Analysis b Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Formaldehyde Detector Demand Share, 2019-2026
12. Asia Pacific Smart Formaldehyde Detector Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Formaldehyde Detector Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Formaldehyde Detector Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Household
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Formaldehyde Detector Market Size and Volume Forecast by Type
12.7.1. Portable
12.7.2. Stationary
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Formaldehyde Detector Demand Share, 2019-2026
13. Middle East & Africa Smart Formaldehyde Detector Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Formaldehyde Detector Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Formaldehyde Detector Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Household
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Formaldehyde Detector Market Size and Volume Forecast by Type
13.7.1. Portable
13.7.2. Stationary
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Formaldehyde Detector Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Formaldehyde Detector Market: Market Share Analysis
14.2. Smart Formaldehyde Detector Distributors and Customers
14.3. Smart Formaldehyde Detector Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. New Cosmos-Bie
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RIKEN KEIKI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PPM Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. RAE System
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sper Scientific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hal Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Begood
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. E Instruments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Extech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lanbao
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. GrayWolf
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Uni-Trend
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. RKI Instruments
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Environmental Sensors
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bacharach
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
