The Non-Dispersive Infrared (NDIR) Market is expected to develop at a strong rate over the next several years, with projections indicating a rise from USD 0.7 billion in 2022 to USD 1.0 billion by 2027, or a strong compound annual growth rate of 6.0%.
Numerous causes, including the growing need for effective gas monitoring solutions, especially in the oil and gas, industrial production, and HVAC systems sectors, are driving this rise. With its reputation for precision and dependability, NDIR technology is anticipated to be essential to many applications, including HVAC, monitoring, and detection and analysis. The growing awareness of environmental rules and its implementation, which emphasise the necessity for accurate gas monitoring and analysis across all verticals, are other factors driving the market's rise. The NDIR market is well-positioned to address industry demands for increased environmental compliance and safety measures, as well as to ensure effective gas measurement solutions worldwide.
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The market for non-dispersive infrared (NDIR) sensors is expanding due to a number of important causes, one of which is the growing need for NDIR CO2 sensors, especially in the food processing and storage sector. The importance of worker safety is growing, and NDIR technology is a key component of effective gas monitoring systems that guarantee a secure workplace. NDIR CO2 sensors are very useful for the food processing industry since they allow for accurate gas level monitoring, which helps to maintain ideal storage conditions and retain perishable foods' quality. Because of its accuracy and dependability, the technology is favoured in situations where careful observation is necessary. In general, the NDIR market is developing due in large part to the increasing focus on workplace safety as well as the variety of uses for NDIR technology.
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Others are likely to register high CAGR
By 2021, the Non-dispersive Infrared (NDIR) market was dominated by the "others" sector, which included applications in mining, agricultural, and greenhouse operations. The significant market share of this industry is ascribed to the increasing necessity of guaranteeing worker safety, preserving the environment, and defending vital company infrastructure. Meeting these safety goals is made possible in large part by the rising deployment of NDIR sensors in a variety of "others"-related industries. Regulations that place a strong emphasis on safety standards, especially in North America and Europe, have accelerated the use of NDIR technology in these industries and highlighted its importance in improving environmental monitoring and safety procedures.
Over the course of the projection period, the "others" sector is expected to have the highest Compound Annual Growth Rate (CAGR). The industry's increased need for Non-dispersive Infrared (NDIR) solutions is primarily driven by the vital need to identify hazardous gases, especially when mining is taking place. The necessity of gas detection in mining environments is expected to drive market expansion in the upcoming years, highlighting the critical role that NDIR technology plays in improving safety protocols and guaranteeing the welfare of workers engaged in such dangerous work environments.
APAC exhibit the highest CAGR during the forecast period
Having taken the lead in the NDIR market in 2021, Asia-Pacific (APAC) is expected to grow at the greatest Compound Annual Growth Rate (CAGR) from 2022 to 2027. The rapid population expansion in the APAC area, especially in China and India, is closely related to this region's robust growth. The need for NDIR technology is rising noticeably as a result of these countries' increased adoption of NDIR sensors and modules and their burgeoning smart city efforts. Technological developments and the changing urbanisation scenario in Asia-Pacific are major factors driving the NDIR market's growth trajectory in the area.
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Monitoring to hold the highest market share by the end of 2027.
By the end of 2027, monitoring applications should hold the largest market share thanks to a strong Compound Annual Growth Rate (CAGR) predicted for the duration of the forecast. The increasing demand for NDIR sensors and modules—which combine very accurate readings, compact size, straightforward design, dependability, and affordability—is the primary cause of this increase in monitoring applications. Businesses in a wide range of industries are depending more and more on these features to efficiently monitor the quality of the air both indoors and outside. The monitoring segment is anticipated to continue to hold a dominant position in the NDIR market landscape as the demand for accurate and reasonably priced monitoring solutions grows.
Volatile Organic Compounds (VOCs) is projected to dominate the NDIR Market
By 2027, Volatile Organic Compounds (VOCs) are expected to hold the biggest market share in the NDIR industry, positioning them for dominance. Because they offer precise measures of ambient concentrations for a variety of "reducing gases" linked to poor air quality, VOC sensors are essential for monitoring both indoor and outdoor air quality. These consist of different aliphatic and aromatic hydrocarbons, alcohols, aldehydes, ketones, organic acids, amines, and organic chloramines. VOCs are frequently discovered during the production of paints, synthetic rubber, dyes, plastics, detergents, solvents, and medications. Prominent contributors providing cutting-edge VOC sensor solutions include Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), and Senseair AB (Sweden).
The key players in this market are Amphenol (US), Honeywell (US), Senseair AB(Sweden), S+S Regeltechnik (Germany), Dynament (UK), Nano Environmental Technology (N.E.T.) (Italy), MIPEX TECHNOLOGY (Russia), Emerson Electric (US), Shenzhen Mindray Bio-Medical Electronics (China), Cubic Sensor and Instrument (China). The players in this market have adopted various strategies to expand their global presence and increase their market shares.
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