Non-dispersive Infrared (NDIR) Industry

Non-dispersive Infrared (NDIR) Industry worth $965 million by 2029

According to a research report "Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029" The NDIR Industry Size is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is expected to grow at a CAGR of 7.2% during the forecast period.

The increasing demand for NDIR gas sensors in industries like automotive & transportation, industrial & manufacturing, food & beverages etc is fuelling NDIR Industry growth. Restraints such as intense pricing pressure resulting in decreased average selling price hinder market growth. However, factors such as growing adoption of gas sensors in consumer electronics provide lucrative opportunities for market players in coming years.

Browse 146 market data Tables and 64 Figures spread through 232 Pages and in-depth TOC on "Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/non-dispersive-infrared-market-90187624.html

Non-dispersive Infrared (NDIR) Industry Segmentation

By Segment, Non-dispersive Infrared (NDIR) Industry for Monitoring Applications is expected to hold the highest market share during the forecast period.

Air pollution is a global environmental threat of great concern to governments worldwide. On the other hand, anesthesia monitoring is also crucial for ensuring patient safety during healthcare procedures, involving the real-time tracking of carbon dioxide, nitrous oxide, and potent anesthetic agents like isoflurane, sevoflurane, and desflurane. Monitoring of refrigerant gases, capnography etc are likely to boost NDIR Industry.

By Segment, Non-dispersive Infrared (NDIR) Industry for VOCs to hold high market share during the forecast period.

Given the widespread presence of VOCs in manufacturing processes across industries such as textiles, plastics, and pharmaceuticals, the demand for VOC sensors continues to rise. While VOCs exist in various household, industrial, and commercial products, it is their accumulation in the air and water that has predominantly garnered attention. These sensors play a crucial role in maintaining safe working environments and preserving air quality in urban areas. As awareness about the potential health and environmental impacts of VOCs grows, the market for VOC sensors is expected to expand further in the coming years.  

By Segment, Non-dispersive Infrared (NDIR) Industry for Industrial & Manufacturing to hold high market share during the forecast period.

The industrial and manufacturing sector, which encompasses industries like packaging, power plants, wastewater treatment, and semiconductor manufacturing, produces both combustible and toxic gases. Excessive concentrations of these gases pose health risks to workers and the environment, leading to an increasing demand for NDIR solutions to detect and control them, thereby driving market growth.

By Segment, Non-dispersive Infrared (NDIR) Industry for Fixed NDIR modules and sensors to hold the second highest market share during the forecast period.

Fixed NDIR gas analyzers find extensive use across multiple verticals including environmental monitoring, industrial safety, manufacturing, oil and gas, HVAC, and laboratory applications. Real-time gas detection solutions in hazardous environments, driving adoption across industries such as mining, construction, and emergency response. They are also used in monitoring emissions in oil refineries, petrochemical plants, and power generation facilities to comply with environmental regulations.

Regional Analysis of  Non-dispersive Infrared (NDIR) Industry

By Region, Non-dispersive Infrared (NDIR) Industry for North America by region is projected to hold the second highest market share during the forecast period.

NDIR sensors and modules are utilized in various industries like oil & gas, automotive & transportation, food processing & storage, environmental, and healthcare. NDIR sensors serve as effective solutions for air quality monitoring, and government initiatives aimed at reducing air pollution are further driving the market growth in North America.

Key Players

The NDIR Industry includes major Tier I and II players like Honeywell International Inc. (US), MSA. (US), Amphenol Corporation. (US), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US) and others. These players have a strong market presence in advanced packaging across various countries in North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Don’t miss out on business opportunities in Non-dispersive Infrared (NDIR) Industry. Speak to our analyst and gain crucial industry insights that will help your business grow.

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Non-dispersive Infrared (NDIR) Market Size,  Share & Growth Report
Report Code
SE 7772
PR Published ON
4/2/2024
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