Unlocking Potential: NDIR Market to Exceed $1.0 Billion by 2027

The Non-Dispersive Infrared (NDIR) Market is expected to increase at a compound annual growth rate (CAGR) of 6.0%, from its estimated value of USD 0.7 billion in 2022 to USD 1.0 billion by 2027.

Pune, 21/03/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

The Non-Dispersive Infrared (NDIR) Market is expected to rise at a Compound Annual Growth Rate (CAGR) of 6.0% over the forecast period, from USD 0.7 billion in 2022 to USD 1.0 billion by 2027. Because NDIR technology is so good at identifying gases and volatile organic compounds (VOCs), it is becoming more and more popular in a variety of industries. The use of NDIR sensors is being fueled by a number of factors, including the demand for accurate and dependable gas detection solutions, strict air quality standards, and a growing awareness of environmental monitoring. Furthermore, during the course of the forecast period, developments in NDIR technology, such as enhanced sensitivity and selectivity, as well as the integration of IoT and cloud-based platforms, are anticipated to further propel market expansion.

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The increasing need for NDIR CO2 sensors in the food processing and storage sector is one of the main drivers of the NDIR Market's expansion. Precise monitoring of carbon dioxide levels is becoming more and more necessary to guarantee ideal storage conditions and avoid spoiling as food safety and quality become more and more important. Furthermore, the market is expanding due to the increased demand for gas sensors in vital sectors including chemicals, oil & gas, and pharmaceuticals. These sectors depend on NDIR technology to detect a wide range of gases and volatile organic compounds (VOCs) accurately and reliably in order to protect workers, adhere to laws, and stop environmental damage. The NDIR Market is anticipated to increase steadily over the next several years as environmental monitoring and gas detection become more and more important.

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Gas type is the basis for market segmentation for NDIR, which includes a range of gases essential for environmental and industrial monitoring. Carbon dioxide (CO2), carbon monoxide (CO), hydrocarbons, ethylene (C2H4), acetylene (C2H2), sulphur hexafluoride (SF6), volatile organic chemicals, refrigerant gases, anaesthetic gases, hydrogen sulphide (H2S), nitrogen oxide (NOx), and chlorine (Cl) are some of these. During the projected period from 2022 to 2027, acetylene is expected to have the highest Compound Annual Growth Rate (CAGR) among them. The chemical known as acetylene, or ethyne, is colourless, non-toxic, and has a little smell similar to garlic. The increasing need for acetylene gas sensors is a result of their wide range of uses in various industries, including automotive manufacture, chemical synthesis, welding, and metal fabrication. Accurate and dependable acetylene gas detection is projected to be more and more important as enterprises prioritise safety and environmental laws, which will propel the market expansion for NDIR sensors designed to detect this particular gas type.

Because of its special qualities, acetylene gas is a good fit for a wide range of industrial uses. Since acetylene is lighter than air, it does not build up at low concentrations, reducing the risk of accidents in small areas. Because of this property, acetylene is the recommended fuel gas for subterranean operations, resulting in safer working conditions. Additionally, because of its precise controllability and high heat intensity, acetylene is unique among fuel gases for steel welding. Compared to other fuel gases, oxy-acetylene is known for its quick preheating and piercing times during cutting operations, which increases productivity and efficiency in metal manufacturing processes. Because of these qualities, acetylene is positioned as a flexible and essential part of industrial processes, especially in welding and cutting applications where accuracy and speed are critical.

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The HVAC (heating, ventilation, and air conditioning), monitoring, detection, and analysis segments make up the NDIR (non-dispersive infrared) market. With the most proportion of the NDIR market, the monitoring application emerged as the leading category among them in 2021. This dominance can be linked to the extensive use of NDIR sensors and modules for indoor and outdoor air quality monitoring in a variety of sectors. Monitoring and reducing hazardous emissions and pollutants is becoming more important as worries about environmental pollution and global warming grow. As a result, the market for NDIR technology is growing due to the increased demand for NDIR technology, which provides accurate and dependable monitoring capabilities.

Non-dispersive infrared (NDIR) sensors are used in a wide range of verticals, including mining, agricultural, greenhouses, automotive and transportation, chemicals, oil and gas, medical, industrial and manufacturing, and environmental. The "others" vertical, which includes mining, agriculture, and greenhouses, is anticipated to grow at the fastest rate (CAGR) among all of these verticals during the course of the forecast period. The growing focus on protecting the environment, workplace safety, and corporate infrastructure in various industries is what is driving this expansion. Consequently, the other industry has seen a notable increase in demand for NDIR sensors and modules. This segment's dominance of the NDIR market in 2021 underscores its significance and suggests room for growth in the years to come.

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