Acetylene Gas Monitoring Solutions Propel Non-dispersive Infrared (NDIR) Market Growth

The global NDIR Market is anticipated to increase at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2029, from its estimated valuation of USD 681 million in 2024 to USD 965 million.

Pune, 11/06/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Non-dispersive Infrared (NDIR) Market is on an upward trajectory, poised for significant expansion in the coming years. Valued at USD 681 million in 2024 and projected to reach USD 965 million by 2029, it demonstrates a robust compound annual growth rate (CAGR) of 7.2%. This growth is propelled by the technology's versatility and reliability, making it indispensable in various applications such as gas analysis and air quality monitoring. Technological advancements further enhance NDIR's capabilities, unlocking new opportunities in sectors like automotive and healthcare. With increasing demand and continuous innovation, the NDIR market is primed for sustained growth, catering to evolving needs in gas sensing and environmental monitoring.

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The Non-dispersive Infrared (NDIR) market is witnessing a surge in demand driven by industries like automotive & transportation, industrial & manufacturing, and food & beverages relying on NDIR gas sensors for various applications. Despite challenges such as intense pricing pressure leading to decreased average selling prices, the market presents lucrative opportunities. The growing adoption of gas sensors in consumer electronics, fueled by trends like IoT and smart home technologies, offers promising prospects for market players. By navigating these dynamics, companies can capitalize on emerging opportunities and drive growth in the NDIR market.

Based on application type, the NDIR market for monitoring applications is expected to hold the highest market share during the forecast period.

Air pollution remains a pressing global environmental concern, prompting governments worldwide to take decisive action. Concurrently, ensuring patient safety during healthcare procedures is paramount, particularly concerning anesthesia monitoring. Real-time tracking of gases like carbon dioxide, nitrous oxide, and potent anesthetic agents such as isoflurane, sevoflurane, and desflurane is critical for patient well-being. Moreover, monitoring refrigerant gases and utilizing capnography are emerging areas likely to drive further demand for Non-dispersive Infrared (NDIR) technology. By providing accurate and reliable gas sensing solutions, NDIR technology plays a vital role in addressing both environmental and healthcare challenges, safeguarding public health and safety.

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NDIR market for VOCs to hold high market share during the forecast period.

Volatile Organic Compounds (VOCs) are pervasive in manufacturing processes across diverse industries like textiles, plastics, and pharmaceuticals. Consequently, the demand for VOC sensors is on the rise. While VOCs are present in various household, industrial, and commercial products, it is their accumulation in the air and water that garners significant attention. In response, VOC sensors play a pivotal role in maintaining safe working environments and preserving air quality in urban areas. As awareness about the potential health and environmental impacts of VOCs continues to grow, the market for VOC sensors is poised for further expansion in the coming years.

Industrial & Manufacturing segment by vertical in NDIR industry to hold high market share during the forecast period.

The industrial and manufacturing sector, spanning industries such as packaging, power plants, wastewater treatment, and semiconductor manufacturing, is confronted with the challenge of managing both combustible and toxic gases. Excessive concentrations of these gases not only jeopardize the health and safety of workers but also pose significant environmental risks. In response, there is a growing demand for Non-dispersive Infrared (NDIR) solutions to detect and control these gases effectively. NDIR technology plays a crucial role in identifying gas concentrations accurately, enabling timely intervention to mitigate potential hazards. As industries prioritize safety and environmental compliance, the market for NDIR solutions is witnessing steady growth driven by the imperative need to safeguard industrial environments.

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North America by region is projected to hold the second highest market share during the forecast period.

Non-dispersive Infrared (NDIR) sensors and modules find extensive use across diverse industries, including oil & gas, automotive & transportation, food processing & storage, environmental, and healthcare. These industries rely on NDIR technology for its precision and reliability in gas detection and monitoring applications. In particular, NDIR sensors serve as effective solutions for air quality monitoring, ensuring safe working environments and public health. Moreover, government initiatives aimed at reducing air pollution, especially in regions like North America, are further bolstering market growth. As industries and regulatory bodies prioritize environmental sustainability, the demand for NDIR solutions is expected to continue its upward trajectory, driving innovation and adoption across sectors.

Fixed NDIR modules and sensors to hold the second highest market share during the forecast period.

Fixed Non-dispersive Infrared (NDIR) gas analyzers have become indispensable tools across multiple verticals, catering to a wide array of applications. Industries such as environmental monitoring, industrial safety, manufacturing, oil and gas, HVAC, and laboratory settings rely on these analyzers for their precision and reliability in gas detection. In hazardous environments, real-time gas detection solutions provided by fixed NDIR analyzers are driving adoption across sectors like mining, construction, and emergency response, ensuring worker safety and environmental compliance. Moreover, they play a crucial role in monitoring emissions in oil refineries, petrochemical plants, and power generation facilities, enabling compliance with stringent environmental regulations. As industries prioritize safety and environmental stewardship, the demand for fixed NDIR gas analyzers is expected to continue its upward trajectory, fostering innovation and advancement in gas detection technology.

Non-dispersive Infrared (NDIR) Companies:

• Honeywell International Inc. (US)
• MSA. (US)
• Amphenol Corporation. (US)
• Yokogawa Electric Corporation (Japan)
• Emerson Electric Co. (US)  

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