NEWARK, DE / ACCESSWIRE / March 23, 2023 / The non-dispersive infrared (NDIR) market size would expand at a CAGR of 8.8% from 2022 to 2032. In the following ten years, it would generate an absolute dollar opportunity of US$ 500.3 million.
According to Future Market Insights, the market will reach more than US$ 880.0 million by 2032. In 2022, it was valued at US$ 379.7 million. Analysis, detection, monitoring, and HVAC all use NDIR sensors. They are frequently used in a variety of business sectors. Chemicals, medical, oil & gas, and food processing & storage are a few of them.
The market would flourish in the following 10 years as a result of increasing demand for wastewater treatment. The process of cleaning sewage or storm water of pollutants is known as wastewater treatment. Then, with minimal environmental damage, it converts them into discharge. It might be injected into the groundwater.
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Nitrate, nitrite, and ammonia concentrations are continually monitored using non-dispersive infrared sensors. In both municipal and on-site wastewater treatment plants, these are seen.
According to a research issued by the UN, about 56% of domestic wastewater flows underwent safe treatment in 2021. Hence, as the need for wastewater treatment grows, so does the market for NDIR.
Employee safety is of the utmost importance in every industry. Employees in the oil & gas, mining, fertilizer, chemical, and industrial & manufacturing industries are constantly exposed to dangerous conditions.
In the chemical, gas, and oil industries, extraction and refining processes result in the production of toxic gases. These gases may seriously harm one's health.
If inhaled too much, they can in certain cases, result in death. Excessive concentrations of hazardous and combustible gases could result in explosions or fires at work.
NDIR sensors and modules are well suited for toxic gas detection in these industries. They enhance personal and secure working environments. They can also stop dangerous gas leaks.
Demand for NDIR sensors would expand as a result of regulatory authorities' heightened focus on workplace security. It would hasten market expansion even more.
Key Takeaways from Non-Dispersive Infrared (NDIR) Market
- The NDIR market exhibited steady growth at a CAGR of 1% during the historical period.
- North America non-dispersive infrared market would surpass around US$ 353.76 million by 2032.
- The USA non-dispersive infrared (NDIR) market would expand at 1% in the forecast period.
- Automotive and transportation end user would expand at a CAGR of 6% from 2022 to 2032.
- The carbon dioxide gas type would witness a CAGR of 7% from 2022 to 2032.
"It is a common practice to recognize toxic gases using NDIR sensors. These sensors are very reliable and last a very long time. These can limit food waste and allow for lengthy shelf lives," says a lead analyst.
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Competitive Landscape: Non-Dispersive Infrared (NDIR) Market
The worldwide market is incredibly dispersed. Leading market participants want to diversify their product lines.
They are concentrating on developing new technologies. Few non-dispersive infrared producers are combining their businesses to create novel goods.
For instance,
- In December 2021, Honeywell International Inc. announced the acquisition of Digital Designs Incorporation. It would help Honeywell expand its public safety communications capabilities. Digital Designs Incorporation provides response systems for emergencies for fire stations. The business will help Honeywell's fire and connected life safety segment to expand.
- In December 2020, eLichens designed a Cranberry NDIR carbon dioxide sensor. It is used in maintaining COVID-19 vaccines at a very low temperature. The sensor can be used to protect workers across the cold supply chain of COVID-19 vaccine. It is integrated into Honeywell for its BW SOLO carbon dioxide product.
Get More Exclusive Insights into Non-Dispersive Infrared (NDIR)Market Study
Future Market Insights, in its new offering, presents an unbiased analysis of the non-dispersive infrared (NDIR) market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the non-dispersive infrared market in terms of gas type (carbon dioxide, hydrocarbons, carbon monoxide), application (heating, ventilation, and air conditioning, monitoring, detection & analysis), end user (automotive & transportation, chemicals, oil & gas, medical, industrial & manufacturing, environmental, food processing & storage), and region.
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Non-dispersive Infrared (NDIR) Market Outlook by Category
By Gas Type:
- Carbon Dioxide
- Hydrocarbons
- Carbon Monoxide
- Others
By Application:
- Heating, Ventilation, and Air Conditioning (HVAC)
- Monitoring
- Detection and Analysis
By End User:
- Automotive and Transportation
- Chemicals
- Oil and Gas
- Medical
- Industrial and Manufacturing
- Environmental
- Food Processing and Storage
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
1. Executive Summary | Non-Dispersive Infrared (NDIR) Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
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