Non-Dispersive Infrared Market Forecasts to 2030
Overview of Global Non-dispersive Infrared Market:
According to Stratistics MRC, the Global Non-dispersive Infrared Market is accounted for $623.6 million in 2023 and is expected to reach $1154.7 million by 2030 growing at a CAGR of 9.2% during the forecast period. Non-dispersive infrared (NDIR) technology utilizes the principle of infrared absorption to detect gases in a non-destructive manner. In NDIR sensors, a specific wavelength of infrared light is emitted through a sample containing the gas of interest. The gas absorbs some of this light in proportion to its concentration, while the remaining light is measured by a detector. By comparing the intensity of emitted and received light, the sensor can determine the gas concentration. Non-dispersive infrared is valued for its accuracy, stability, and low maintenance requirements, making it widely used in various applications like environmental monitoring, industrial safety, and indoor air quality assessment.
This report analyzes the Non-dispersive Infrared market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, type, gas type, component, application, end user etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Growing demand for air quality monitoring
Governments worldwide are implementing stricter environmental regulations to monitor and control air pollution levels. This has led to a surge in the adoption of air quality monitoring systems, which often utilize non-dispersive infrared sensors for their precise measurement capabilities. Industries, particularly those involved in manufacturing, petrochemicals, and agriculture, are increasingly investing in air quality monitoring systems to comply with environmental regulations and ensure workplace safety driving the markets growth.
Restraint:
Competition from alternative technologies
Intense competition from alternative technologies may divert resources away from NDIR research and development efforts. Companies may prioritize cost-cutting measures or incremental improvements to existing products rather than investing in innovation to stay ahead of the competition and offer comparable or superior performance at a lower cost, it could lead to a loss of market share for NDIR technology in certain applications. This could result in stagnation in NDIR technology advancements, making it less competitive in the long run.
Opportunity:
Rising demand for carbon dioxide (CO2) sensors
The rising demand for CO2 sensors expands the applications of NDIR technology beyond traditional industrial uses. NDIR-based CO2 sensors are increasingly utilized in building automation systems, HVAC (heating, ventilation, and air conditioning) systems, indoor air quality monitors, and automotive applications. This diversification opens up new market opportunities for non-dispersive infrared sensor manufacturers.
Threat:
Limitations in detection range and sensitivity ?
In applications where NDIR sensors are used despite their limitations in detection range and sensitivity, customers may experience dissatisfaction with the performance of these sensors. Inaccurate or unreliable measurements can lead to operational issues, compliance concerns, and increased maintenance costs, eroding trust in NDIR technology and prompting users to seek alternative solutions.
Covid-19 Impact:
Increased focus on indoor air quality has driven demand for NDIR-based CO2 sensors in ventilation systems. However, supply chain disruptions and economic uncertainties have hindered market growth. Reduced industrial activities during lockdowns also affected sales of NDIR sensors for emissions monitoring. Despite challenges, the pandemic has accelerated innovation in NDIR technology for healthcare applications such as breath analysis.
The portable segment is expected to be the largest during the forecast period
The portable segment is estimated to have a lucrative growth, owing to the demand for portable NDIR devices has stimulated innovation in sensor miniaturization, power efficiency, and connectivity features. Manufacturers are developing compact, battery-powered devices with wireless connectivity options, smartphone integration, and real-time data monitoring capabilities, enhancing user experience and market competitiveness.
The signal processing electronics segment is expected to have the highest CAGR during the forecast period
The signal processing electronics segment is anticipated to witness the highest CAGR growth during the forecast period, as signal processing electronics facilitate integration with Internet of Things (IoT) platforms and connectivity features, enabling NDIR sensors to communicate with other devices and systems. This connectivity enables remote monitoring, data logging, and cloud-based analytics, enhancing the value proposition of NDIR technology for smart city initiatives, industrial automation, and environmental management.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising awareness of air quality issues and health concerns among the population has driven the demand for NDIR-based air quality monitoring systems in urban areas and industrial clusters. Governments, businesses, and communities are investing in monitoring infrastructure to assess and mitigate air pollution levels.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to stringent environmental regulations which aimed at monitoring and reducing air pollution and greenhouse gas emissions. This drives the demand for NDIR sensors for emissions monitoring in industrial facilities, power plants, and automotive applications to ensure compliance with regulatory standards.
Key Developments:
In March 2024, ABB launches new share buyback program of up to $1 billion, the maximum number of shares that may be repurchased under this new program on any given trading day is 692,486.
In March 2024, ABB opens refitted, state-of-the-art US robotics facility, reaffirming commitment to US customers. This is ABB’s third global robotics factory expansion in three years across China, Europe and the Americas and is part of its efforts to further strengthen its local-for-local footprint.
In January 2024, AlphaSense Announces Strategic Investment from Singapore-based Global Investor EDBI, Adds Mark Leadercramer to Lead APAC Expansion. This investment is part of the company's $150 million Series E financing round at a $2.5 billion valuation.
Leading Industry Players in the Non-dispersive Infrared market worldwide:
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Global Non-dispersive Infrared Market Segmentation
The Non-dispersive Infrared market segmentation encompasses various dimensions, including type, gas type, component, application, end user, region, and competitors. By type they vary in size, sensitivity, and integration capabilities. The market is segmented by gas type, depending on the sensor's calibration and application requirements. By component collectively enable accurate gas detection and measurement. In terms of application, in environmental monitoring (indoor air quality, emissions monitoring), industrial processes (combustion control, leak detection), and safety systems (gas detection in confined spaces). Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Non-dispersive Infrared market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and rest of the Asia Pacific region.
South America: Argentina, Brazil, Chile, and rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and rest of the Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Non-dispersive Infrared Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface ? ???
2.1 Abstract ? ??
2.2 Stake Holders ? ??
2.3 Research Scope ? ??
2.4 Research Methodology ? ??
2.4.1 Data Mining ???
2.4.2 Data Analysis ???
2.4.3 Data Validation ???
2.4.4 Research Approach ???
2.5 Research Sources ? ??
2.5.1 Primary Research Sources ???
2.5.2 Secondary Research Sources ???
2.5.3 Assumptions ??? ? ??
3 Market Trend Analysis??????
?3.1 Introduction??????
?3.2 Drivers???????
?3.3 Restraints??????
?3.4 Opportunities??????
?3.5 Threats???????
?3.6 Application Analysis?????
?3.7 End User Analysis??????
?3.8 Emerging Markets??????
?3.9 Impact of Covid-19??????
4 Porters Five Force Analysis??????
?4.1 Bargaining power of suppliers?????
?4.2 Bargaining power of buyers?????
?4.3 Threat of substitutes?????
?4.4 Threat of new entrants?????
?4.5 Competitive rivalry??????
5 Global Non-dispersive Infrared Market, By Type????
?5.1 Introduction??????
?5.2 Portable???????
?5.3 Fixed???????
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6 Global Non-dispersive Infrared Market, By Gas Type???
?6.1 Introduction??????
?6.2 Sulfur Hexafluoride??????
?6.3 Carbon Dioxide??????
?6.4 Hydrocarbons??????
?6.5 Refrigerant Gases??????
?6.6 Anesthetic Gases??????
?6.7 Volatile Organic Compounds (VOCs)????
?6.8 Other Gas Types??????
7 Global Non-dispersive Infrared Market, By Component???
?7.1 Introduction??????
?7.2 Light Source??????
?7.3 Optical Filter??????
?7.4 Detector???????
?7.5 Signal Processing Electronics?????
?7.6 Display & Interface??????
?7.7 Enclosure & Housing?????
?7.8 Sample Chamber??????
?7.9 Other Components??????
8 Global Non-dispersive Infrared Market, By Application???
?8.1 Introduction??????
?8.2 Air Quality Monitoring?????
?8.3 Detection & Analysis?????
?8.4 Heating, Ventilation, and Air Conditioning???
?8.5 Automotive Emissions Control?????
?8.6 Industrial Process Control?????
?8.7 Greenhouse Gas Monitoring?????
?8.8 Other Applications??????
9 Global Non-dispersive Infrared Market, By End User???
?9.1 Introduction??????
?9.2 Oil & Gas Industry??????
?9.3 Chemical & Petrochemical Industry????
?9.4 Healthcare??????
?9.5 Industrial Manufacturing?????
?9.6 Other End Users
Continued…
List of Tables ? ? ?
1 Global Non-dispersive Infrared Market Outlook, By Region (2021-2030) ($MN)?
2 Global Non-dispersive Infrared Market Outlook, By Type (2021-2030) ($MN)?
3 Global Non-dispersive Infrared Market Outlook, By Portable (2021-2030) ($MN)?
4 Global Non-dispersive Infrared Market Outlook, By Fixed (2021-2030) ($MN)?
5 Global Non-dispersive Infrared Market Outlook, By Gas Type (2021-2030) ($MN)?
6 Global Non-dispersive Infrared Market Outlook, By Sulfur Hexafluoride (2021-2030) ($MN)
7 Global Non-dispersive Infrared Market Outlook, By Carbon Dioxide (2021-2030) ($MN)
8 Global Non-dispersive Infrared Market Outlook, By Hydrocarbons (2021-2030) ($MN)
9 Global Non-dispersive Infrared Market Outlook, By Refrigerant Gases (2021-2030) ($MN)
10 Global Non-dispersive Infrared Market Outlook, By Anesthetic Gases (2021-2030) ($MN)
11 Global Non-dispersive Infrared Market Outlook, By Volatile Organic Compounds (VOCs) (2021-2030) ($MN)
12 Global Non-dispersive Infrared Market Outlook, By Other Gas Types (2021-2030) ($MN)
13 Global Non-dispersive Infrared Market Outlook, By Component (2021-2030) ($MN)?
14 Global Non-dispersive Infrared Market Outlook, By Light Source (2021-2030) ($MN)?
15 Global Non-dispersive Infrared Market Outlook, By Optical Filter (2021-2030) ($MN)
16 Global Non-dispersive Infrared Market Outlook, By Detector (2021-2030) ($MN)?
17 Global Non-dispersive Infrared Market Outlook, By Signal Processing Electronics (2021-2030) ($MN)
18 Global Non-dispersive Infrared Market Outlook, By Display & Interface (2021-2030) ($MN)
19 Global Non-dispersive Infrared Market Outlook, By Enclosure & Housing (2021-2030) ($MN)
20 Global Non-dispersive Infrared Market Outlook, By Sample Chamber (2021-2030) ($MN)
21 Global Non-dispersive Infrared Market Outlook, By Other Components (2021-2030) ($MN)
22 Global Non-dispersive Infrared Market Outlook, By Application (2021-2030) ($MN)?
23 Global Non-dispersive Infrared Market Outlook, By Air Quality Monitoring (2021-2030) ($MN)
24 Global Non-dispersive Infrared Market Outlook, By Detection & Analysis (2021-2030) ($MN)
25 Global Non-dispersive Infrared Market Outlook, By Heating, Ventilation, and Air Conditioning (2021-2030) ($MN)
26 Global Non-dispersive Infrared Market Outlook, By Automotive Emissions Control (2021-2030) ($MN)
27 Global Non-dispersive Infrared Market Outlook, By Industrial Process Control (2021-2030) ($MN)
28 Global Non-dispersive Infrared Market Outlook, By Greenhouse Gas Monitoring (2021-2030) ($MN)
29 Global Non-dispersive Infrared Market Outlook, By Other Applications (2021-2030) ($MN)
30 Global Non-dispersive Infrared Market Outlook, By End User (2021-2030) ($MN)?
31 Global Non-dispersive Infrared Market Outlook, By Oil & Gas Industry (2021-2030) ($MN)
32 Global Non-dispersive Infrared Market Outlook, By Chemical & Petrochemical Industry (2021-2030) ($MN)
33 Global Non-dispersive Infrared Market Outlook, By Healthcare (2021-2030) ($MN)?
34 Global Non-dispersive Infrared Market Outlook, By Industrial Manufacturing (2021-2030) ($MN)
35 Global Non-dispersive Infrared Market Outlook, By Other End Users (2021-2030) ($MN) ????????
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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