Non Dispersive Infrared (NDIR) Market Report Highlights Growth Trends: Size, Share & Companies Uncovered

The Non-dispersive Infrared (NDIR) Market is expected to increase from a projected valuation of USD 681 million in 2024 to USD 965 million in 2029, at a compound annual growth rate (CAGR) of 7.2%.

Pune, 02/05/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Non-dispersive Infrared (NDIR) Market Size is expected to develop at a compound annual growth rate (CAGR) of 7.2% over the course of the forecast period, from USD 681 million in 2024 to USD 965 million in 2029.

This prediction is based on an extensive study that examines a number of variables affecting the dynamics of the market. Many other types of gases, such as carbon dioxide, hydrocarbons, refrigerants, and others, are included in the NDIR market. It also includes many product categories, like stationary and portable electronics. The market for NDIR is expected to increase because of things like stricter laws, growing environmental concerns, and the growing need for gas detection solutions in a variety of industries. Over the course of the forecast period, NDIR technology use is anticipated to rise steadily as companies and regulatory bodies place an increased emphasis on environmental monitoring and safety measures. This will propel the market expansion.

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The Non-dispersive Infrared (NDIR) Market is expanding rapidly, mainly due to the increasing need for these sensors in a variety of industries, such as automotive and transportation, manufacturing, and food and beverage. These sensors are essential for monitoring and identifying gases, guaranteeing security, and upholding environmental regulations. However, obstacles to market expansion include severe pricing pressure, which causes the average selling price of NDIR devices to drop. Notwithstanding these limitations, new opportunities, most notably the increasing use of gas sensors in consumer electronics, are expected to drive market growth. Market participants are anticipated to seize these possibilities as innovation is propelled by technical improvements and the demand for gas detection systems grows, hence supporting the NDIR market's steady expansion in the next years.

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

Since air pollution is a major environmental problem on a global scale, governments are prioritising actions to lessen its effects. Simultaneously, it is critical to guarantee patient safety during medical procedures, which calls for careful anaesthesia monitoring. To maintain ideal patient circumstances, this procedure entails real-time monitoring of gases including carbon dioxide, nitrous oxide, and strong anaesthetics like isoflurane, sevoflurane, and desflurane. The significance of precise gas detection systems is further highlighted by the monitoring of capnography and refrigerant gases. The non-dispersive infrared (NDIR) market is expected to grow as demand for effective gas monitoring solutions increases in the environmental and healthcare sectors. This is because NDIR technology is essential for guaranteeing patient safety and environmental safety.

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

The need for VOC sensors has increased due to the increasing levels of Volatile Organic Compounds (VOCs) in manufacturing processes related to textiles, plastics, and medicines. VOCs are widely found in commercial, industrial, and residential products. Their buildup in the air and water has raised serious concerns and prompted increased attention. VOC sensors are essential instruments for maintaining air quality in metropolitan areas and upholding occupational safety regulations. In the near future, the market for VOC sensors is expected to grow further as public awareness of the possible health risks and environmental effects of VOCs grows.

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

A variety of poisonous and flammable gases are produced by the industrial and manufacturing sector, which includes a wide range of businesses like semiconductor manufacture, electricity generating, wastewater treatment, and packaging. When these gases build up above acceptable limits, there are serious health risks for employees as well as environmental issues. As a result, the need for Non-dispersive Infrared (NDIR) technologies that can efficiently identify and manage these emissions is expanding. The need for NDIR technology is growing as enterprises place a higher priority on safety procedures and environmental compliance, which is driving market expansion in the manufacturing and industrial sectors.

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

Numerous industries, including oil and gas, automotive and transportation, food processing and storage, environmental monitoring, and healthcare, use NDIR sensors and modules extensively. NDIR sensors, in particular, are crucial to air quality monitoring programmes because accurate gas detection is necessary to protect the public's health and the environment. Specifically, in North America, growing use of NDIR technology for monitoring and controlling hazardous emissions has resulted from government measures to reduce air pollution. The need to properly manage air quality concerns is projected to fuel the market for NDIR sensors in North America, which is expected to increase steadily as regulatory pressure and environmental consciousness continue to rise.

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

Fixed NDIR gas analyzers are essential in many verticals, including manufacturing, oil and gas, HVAC, environmental monitoring, industrial safety, and laboratory applications. These analyzers are becoming more and more popular in several industries, including emergency response, construction, and mining, since they provide real-time gas detection capabilities, especially in hazardous conditions. Furthermore, they are widely used to monitor emissions in vital facilities such as petrochemical plants, power generation facilities, and oil refineries in order to guarantee adherence to strict environmental standards. Fixed NDIR gas analyzers are essential instruments for upholding safety standards and regulatory compliance in a variety of industrial industries due to their adaptability and dependability.

Non-dispersive Infrared (NDIR) companies include:

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

News Covered:

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