Electrical Industry Today
Global Non-dispersive Infrared (NDIR) Market is Expected to Reach $1,441.62 million by 2034.: BIS Research
The Global Non-Dispersive Infrared (NDIR) market valued at $715.05 million in 2024, the market is projected to grow at a CAGR of 7.26%, aiming to reach $1,441.62 million by 2034. This growth trajectory reflects increasing demand across multiple sectors and advancements in NDIR technology for precise gas detection and measurement.
The Global Non-Dispersive Infrared (NDIR) market employs infrared technology to accurately detect gases like carbon dioxide and methane across industries such as environmental monitoring, healthcare, and industrial safety. Valued at $715.05 million in 2024, the market is forecasted to grow at a CAGR of 7.26%, reaching $1,441.62 million by 2034. This growth is driven by stringent global safety standards and environmental regulations, with key components including sensor modules, analyzers, and monitoring systems. The Asia-Pacific region leads due to industrialization, regulatory norms, and technological advancements, particularly in China and India. Established leaders and innovative startups shape the competitive landscape through technological advancements and strategic partnerships, fostering continuous market expansion and innovation.
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Global Non-dispersive Infrared (NDIR) Market Analysis: Drivers, Drivers and Challenges
Following are the Drivers:
· Regulatory Compliance: Increasing global emphasis on environmental regulations and safety standards drives demand for NDIR sensors.
· Technological Advancements: Integration with IoT and smart systems enhances sensor capabilities for real-time monitoring.
· Industrialization and Urbanization: Growth in industries like automotive, manufacturing, and healthcare boosts demand for NDIR sensors for emissions monitoring and workplace safety.
Following are the Demands:
· Environmental Monitoring: Increasing awareness and regulatory mandates drive demand for NDIR sensors in monitoring air quality and emissions.
· Industrial Safety: NDIR sensors are crucial for detecting hazardous gases in industrial environments, ensuring worker safety.
· Healthcare Applications: Used in medical devices for measuring gases like CO2 in patient monitoring and anesthesia.
Following are the Challenges:
· Cost and Complexity: Initial setup costs and complexity of integrating NDIR systems can be barriers for some end-users.
· Sensor Calibration: Ensuring accuracy and reliability through proper calibration poses technical challenges.
· Competition and Innovation: Rapid technological advancements and competitive dynamics require continuous innovation to maintain market leadership.
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Global Non-dispersive Infrared (NDIR) Market Segmentation:
Segmentation 1: by Gas Type
• Carbon Dioxide
• Hydrocarbons
• Refrigerants
• Acetylene
• Ethylene
• Sulphur Hexafluoride
• Others
Segmentation 2: by Application
• Heating, Ventilation, and Air Conditioning (HVAC)
• Monitoring
• Detection & Analysis
Segmentation 3: by End-use Industry
• Food and Beverages
• Automotive
• Chemicals
• Oil & Gas
• Healthcare
• Others
Segmentation 4: by Product
• Fixed
• Portable
Segmentation 5: by Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World
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Key Players Global Non- Dispersive Infrared (NDIR) in the market
• Honeywell International, Inc.
• Amphenol Corporation
• MSA
• Yokogawa Electric Corporation
• Emerson Electric Co.
• Sense air - An Asahi Kasei Group Company
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