PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478619
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1478619
The global non-dispersive infrared (NDIR) market size is expected to reach USD 1,139.31 Million by 2032, according to a new study by Polaris Market Research. The report "Non-Dispersive Infrared (NDIR) Market Share, Size, Trends, Industry Analysis Report, By Gas Type; By Product Type; By Application (Detection & Analysis, HVAC, Monitoring); By Vertical; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for gas detection and measurement solutions across diverse industries is leading to a surge in growth of the Non-dispersive infrared (NDIR) market. This market is continuously developing in terms of technology and applications, driven by an increasing awareness of the importance of gas detection for safety and environmental compliance.
A growing trend in the market is towards environmental monitoring and reducing greenhouse gas emissions worldwide, which is driving the demand for NDIR sensors capable of detecting gases like carbon dioxide (CO2), Carbon Monoxide, and VOCs. Furthermore, stringent regulations aimed at improving workplace safety and indoor air quality are driving the adoption of NDIR technology in industrial settings, commercial buildings, and residential environments.
NDIR sensors are now being integrated into smart home automation systems and IoT platforms, facilitating real-time monitoring and control of indoor air quality. This has resulted in increased consumer adoption of NDIR-based solutions. However, the high cost associated with NDIR sensors and instrumentation, particularly for high-precision and multi-gas detection applications, is a hindrance to market growth and limits consumer adoption of these systems.
Continuous advancements in sensor technology are leading to significant growth in the NDIR market. The enhanced performance, sensitivity, accuracy, and reliability of NDIR sensors due to these advancements make them more versatile and applicable across a broad range of industries and applications. With the use of innovative materials, improved sensor designs, and advanced manufacturing processes, NDIR sensors can now detect gases even at lower concentrations with greater precision and sensitivity. The market for NDIR sensors is highly competitive, with established manufacturers, emerging startups, and niche players offering a range of products and solutions tailored to various applications and industries.
The global market witnessed a significant shift in 2023, with the carbon dioxide segment taking the lead. Carbon dioxide (CO2) is a major greenhouse gas, and its accurate monitoring and measurement are imperative for ensuring environmental compliance, mitigating climate change, and assessing indoor air quality.
The HVAC sector is expected to experience substantial growth over the forecast period. This is because it plays a critical role in managing indoor air quality, thermal comfort, and energy efficiency in commercial buildings, residential complexes, and industrial facilities.
The Asia Pacific region took the lead in the global market in 2023 due to its rapid industrialization, urbanization, and economic growth. This growth has directly resulted in an increase in demand for gas detection and monitoring solutions across industries such as oil and gas, manufacturing, automotive, and chemicals.
The global key market players include Alphasense, ELT SENSOR, Emerson Electric Co., ABB, Figaro Engineering Inc., Taihei Boeki Co., Ltd., Honeywell International Inc., HORIBA, Ltd., Senseair (Asahi Kasei Group Company), and SICK AG.
Polaris Market Research has segmented the Non-Dispersive Infrared (NDIR) market report based on gas type, product type, application, vertical, and region: