The global Non-dispersive Infrared (NDIR) Market is experiencing rapid expansion worldwide. The market, which was valued at USD 0.7 billion in 2022, is anticipated to increase to USD 1.0 billion by 2027, representing a strong compound yearly growth rate (CAGR) of 6.0% from 2022 to 2027.

This development is a result of NDIR technology being used more frequently in a variety of applications, such as gas monitoring, HVAC systems, and detection and analysis procedures. The manufacturing and industrial sectors, as well as the oil and gas sector, are key drivers of economic expansion. The market presence of NDIR technology is expected to dramatically increase as it continues to demonstrate its effectiveness and dependability while meeting the changing needs of various sectors.

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The demand for NDIR CO2 sensors in the food processing and storage business is rising, as is the emphasis on worker safety across numerous industries. These are two major drivers of the NDIR (Non-dispersive Infrared) Market. NDIR CO2 sensors are essential in the food sector for monitoring and maintaining ideal conditions during food processing and storage, ensuring the quality and safety of the final product. The relevance of gas detection systems is also highlighted by the increased focus on worker safety in various industries. NDIR technology is essential for identifying and monitoring dangerous gases, which improves workplace safety. Together, these elements support the market's expansion across various industries and the growing acceptance of NDIR technology.

Others are likely to register high CAGR

The "others" market sector, which includes uses in agriculture, greenhouse management, and mining, became the dominant player in the NDIR (Non-dispersive Infrared) market in 2021. The importance of this market segment may be linked to the growing need to protect infrastructure, the environment, and workers' safety, which has led to an increase in the use of NDIR sensors in these fields. The use of NDIR technology in a variety of "other" applications has also been influenced by the strict safety standards in places like North America and Europe.

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Additionally, it is anticipated that the "others" sector would experience the largest compound annual growth rate (CAGR) during the forecast period. The urgent necessity to identify dangerous gases in risky mining situations is the main factor driving the need for NDIR solutions in this industry. The market's growth momentum is anticipated to be sustained by this strong need throughout the forecast period, underscoring the crucial role that NDIR technology plays in increasing safety and environmental monitoring in these various industries.

APAC exhibit the highest CAGR during the forecast period

The NDIR (Non-dispersive Infrared) market was led by the Asia-Pacific (APAC) region in 2021, which also held the biggest market share. Looking ahead, the worldwide NDIR market is expected to develop at the fastest compound annual growth rate (CAGR) from 2022 to 2027 in APAC. There are a number of causes for this extraordinary growth in APAC, with the rising population in APAC nations being a key one. Some of the world's most populous countries, like China and India, are found in this area. Smart city efforts are exploding in these nations, and NDIR sensors and modules are selling like hotcakes. The demand for sophisticated environmental monitoring and gas sensing solutions is what is driving this spike in usage, which is fueling the NDIR market's steadfast growth in the APAC region.

Monitoring to hold the highest market share by the end of 2027.

Monitoring applications are anticipated to command the largest market share within the NDIR (Non-dispersive Infrared) market by the end of 2027. During the projected period, this market category is anticipated to develop at the greatest compound annual growth rate (CAGR). The increase in monitoring applications can be attributable to the rising need for NDIR sensors and modules that are extremely precise, small, easy to use, and affordable. These sensors are becoming more and more useful for monitoring both indoor and outdoor air quality across a variety of industries, meeting the urgent need for precise environmental data in numerous applications. The importance of NDIR technology in improving monitoring and data collection capabilities across several sectors is highlighted by this development.

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Volatile Organic Compounds (VOCs) is projected to dominate the NDIR Market

Volatile Organic Compounds (VOCs) are anticipated to lead and hold the greatest market share in the NDIR (Non-dispersive Infrared) industry by 2027. By directly measuring ambient quantities of various "reducing gases" linked to bad air quality, VOC sensors play a crucial role in monitoring indoor and urban air quality. These gases cover a broad range and include aliphatic and aromatic hydrocarbons, alcohols, aldehydes, ketones, organic acids, amines, and organic chloramines. VOCs are widely used throughout a variety of industries, as evidenced by the fact that they are frequently used in the production of dyes, plastics, detergents, solvents, paints, synthetic rubber, and pharmaceuticals. Leading market companies like Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), and Senseair AB (Sweden) are leading the charge in providing cutting-edge VOC sensors to satisfy the expanding need for improved air quality monitoring systems.

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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