PUBLISHER: KBV Research | PRODUCT CODE: 1472455
PUBLISHER: KBV Research | PRODUCT CODE: 1472455
The Asia Pacific Non-dispersive Infrared (NDIR) Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Non-dispersive Infrared (NDIR) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $113.7 million by 2031. The Japan market is exhibiting a CAGR of 7% during (2024 - 2031). Additionally, The India market would experience a CAGR of 8.4% during (2024 - 2031).
The market for non-dispersive infrared (NDIR) technologies is undergoing substantial expansion and advancement, propelled by the rising need for precise and dependable gas analysis solutions in diverse sectors. Additionally, the demand for NDIR has increased due to heightened greenhouse gas emissions and environmental pollution awareness and concern. For environmental monitoring and compliance, governments and regulatory bodies are implementing stringent standards and regulations to monitor and control air quality and emissions, resulting in an increase in the use of NDIR sensors.
The industrial sector is a major end-user of NDIR technology, utilizing it for applications such as indoor air quality monitoring, stack gas emissions monitoring, and process control. NDIR sensors' ability to operate in harsh industrial environments, coupled with their high sensitivity and selectivity, makes them indispensable in ensuring workplace safety and regulatory compliance. Moreover, integrating NDIR sensors with IoT platforms and cloud-based analytics solutions enables real-time monitoring and data analysis, facilitates proactive decision-making, and enhances operational efficiency.
China's transportation industry encompasses vehicles, logistics, shipping, and aviation sectors, each contributing to industrial emissions and atmospheric pollution. According to the State Council of the People's Republic of China, China's transport sector maintained a steady recovery in July 2023, adding to evidence of the country's continued economic recovery. The country's freight volume expanded 7.1 percent year on year to 4.74 billion tons in July, with the pace of increase accelerating from a rise of 4.3 percent in June. Last month, the country's port throughput rose 6.6 percent yearly to 1.43 billion tons. With a 2.6 percent annual increase, the container throughput hit 27.05 million twenty-foot equivalent units. Integrating NDIR technology into industrial gas monitoring networks supports environmental protection efforts and regulatory compliance in the transportation sector in China. In conclusion, the expansion of the region's chemical and transportation industry is driving the market's growth.
Based on Product Type, the market is segmented into Portable, and Fixed. Based on Application, the market is segmented into Monitoring, HVAC, and Detection & Analysis. Based on Gas Type, the market is segmented into Carbon Dioxide, Hydrocarbons, Refrigerant Gases, Sulfur Hexafluoride, VOCs, Carbon Monoxide, and Others. Based on Vertical, the market is segmented into Industrial & Manufacturing, Medical, Environmental, Chemicals, Oil & Gas, Food Processing & Storage, Automotive & Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Non-dispersive Infrared (NDIR) Market Report Segmentation
By Product Type
By Application
By Gas Type
By Vertical
By Country