Global Non-Dispersive Infrared (NDIR) Market Projected to Reach USD 1,159.90 Million by 2030, Growing at a CAGR of 7.2%

Summary:

The global Non-Dispersive Infrared (NDIR) market is poised for significant growth, with projections indicating a rise to USD 1,159.90 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.2%. This growth is driven by increasing demand across various industries, including automotive, healthcare, and environmental monitoring, where NDIR sensors are essential for accurate gas detection and analysis.

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Article Body:

A) Market Size:

The NDIR market, valued at USD 681 million in 2024, is expected to reach USD 1,159.90 million by 2030, growing at a CAGR of 7.2%. This expansion is attributed to the rising need for precise gas detection solutions in sectors such as automotive, industrial manufacturing, and environmental monitoring.

B) Scope and Research Methodology:

The comprehensive analysis of the NDIR market is based on a blend of primary and secondary research methodologies. Data was gathered from reputable sources, including industry reports, government publications, and market studies, ensuring a robust and reliable assessment of market trends, segmentation, and growth projections.

C) Report Coverage:

The report encompasses a detailed examination of the NDIR market, covering aspects such as market size, growth drivers, challenges, and opportunities. It provides insights into market segmentation by gas type, application, end-user industry, and geographical regions, offering a holistic view of the market landscape.

D) Overview:

NDIR sensors are non-contact gas measurement devices that detect gases such as carbon dioxide, hydrocarbons, and refrigerant gases. Their applications span across HVAC systems, automotive emission control, medical diagnostics, and environmental monitoring. The increasing emphasis on air quality and safety standards has propelled the adoption of NDIR sensors globally.

E) Dynamics:

  • Drivers: The surge in demand for energy-efficient HVAC systems, stringent environmental regulations, and the need for real-time gas monitoring in industrial settings are primary drivers of the NDIR market growth.

  • Restraints: High initial costs and technical complexities associated with NDIR sensor integration may pose challenges to market expansion.

  • Opportunities: Technological advancements leading to miniaturization and enhanced sensitivity of NDIR sensors open new avenues in portable and wearable gas detection devices.

F) Segmentation:

  • By Gas Type: Carbon dioxide, hydrocarbons, refrigerant gases, sulfur hexafluoride, carbon monoxide, ethylene, anesthetic gases, acetylene.

  • By Application: HVAC, monitoring, detection, and analysis.

  • By End-User Industry: Automotive & transportation, chemicals, oil & gas, medical, industrial & manufacturing, environmental, others.

G) Key Players Include:

  1. Honeywell International Inc.

  2. Amphenol Corporation

  3. MSA Safety Incorporated

  4. Yokogawa Electric Corporation

  5. Emerson Electric Co.

  6. Senseair AB

  7. Murata Manufacturing Co., Ltd.

  8. MKS Instruments, Inc.

  9. Teledyne API

  10. ELT SENSOR

H) Reason to Buy:

  • Gain comprehensive insights into the NDIR market dynamics and growth prospects.

  • Understand market segmentation and identify high-growth areas.

  • Analyze competitive landscape and key player strategies.

  • Make informed business decisions based on market trends and forecasts.

I) Table of Contents:

  1. Introduction

  2. Executive Summary

  3. Market Overview

  4. Market Dynamics

  5. Market Segmentation

  6. Regional Analysis

  7. Competitive Landscape

  8. Company Profiles

  9. Conclusion

  10. Appendix

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