According to the market research report "Non-dispersive Infrared (NDIR) Market" by MarketsandMarkets, the worldwide NDIR market is experiencing rapid expansion. It is anticipated to grow from USD 0.7 billion in 2022 to USD 1.0 billion by 2027, representing a noteworthy Compound Annual Growth Rate (CAGR) of 6.0% over the five-year period from 2022 to 2027.

This development shows the growing importance of NDIR technology in a number of fields, such as gas monitoring, HVAC systems, detection, and analysis. The NDIR market is expected to grow significantly over the next few years, with a focus on improving efficiency and accuracy in gas sensing and monitoring across industries like industrial & manufacturing and oil & gas.

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The market for NDIR (Non-dispersive Infrared) has expanded as a result of a number of important factors. Notably, there is a rising need for NDIR CO2 sensors in the food processing and storage sector, where accurate carbon dioxide level monitoring is crucial for quality assurance and adherence to regulatory requirements. The adoption of NDIR technology for the detection of potentially dangerous gases and the preservation of safe working environments is further prompted by the increased emphasis on worker safety in many industries. These elements work together to fuel the NDIR market's growth, underscoring the crucial role it plays in boosting operational effectiveness and safety precautions in many industries.

Others are likely to register high CAGR

The "others" category of the NDIR (Non-dispersive Infrared) market, which includes applications in agriculture, greenhouses, and mining, became the industry leader in 2021. This importance can be due to the growing need to protect people, the environment, and commercial infrastructure, which has led to a greater uptake of NDIR sensors in these many industries. Further highlighting the critical significance of NDIR sensors in ensuring safety and compliance across a wide range of industries and applications, strict safety regulations in regions like North America and Europe are playing a crucial role in driving the utilisation of NDIR technology within the "others" category.

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During the forecast period, the "others" sector is anticipated to have the highest Compound Annual Growth Rate (CAGR). The vital need to identify and monitor harmful gases, especially in the context of mining activities, is what is driving the segment's increasing need for NDIR (Non-dispersive Infrared) solutions. In the upcoming years, it is projected that this urgent safety concern would fuel market expansion. The mining industry sees NDIR technology as an essential tool for improving safety and operational effectiveness, as it can be used to safeguard the safety of workers and the surrounding environment by identifying and analysing harmful gases.

APAC exhibit the highest CAGR during the forecast period

The NDIR (Non-dispersive Infrared) market was dominated by the Asia-Pacific (APAC) region in 2021, accounting for the highest share. From 2022 to 2027, the market in APAC is anticipated to grow at the fastest compound annual growth rate (CAGR). The impressive expansion of the NDIR market in APAC is supported by the rising population in many of the region's nations, especially in China and India. Smart city efforts are exploding in these densely populated countries, and NDIR sensors and modules are in higher demand than ever. As a result of the rising urbanisation and technology use in these vibrant and densely populated economies, the NDIR market in APAC is experiencing significant growth.

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

By the end of 2027, monitoring applications are anticipated to hold the largest market share, with this sector also having the highest predicted Compound Annual Growth Rate (CAGR) throughout the whole forecast period. Monitoring applications are expanding as a result of the rising need for NDIR (Non-dispersive Infrared) sensors and modules with qualities including accuracy, compact size, simplicity, reliability, and cost-effectiveness. These adaptable NDIR sensors are widely used in a variety of industries to monitor the quality of the air both inside and outside. This highlights the crucial role they play in guaranteeing environmental safety and reliable data collecting, thus establishing their market dominance.

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

Volatile Organic Compounds (VOCs) are anticipated to take centre stage in the NDIR (Non-dispersive Infrared) Market and hold the greatest market share by 2027. Since VOC sensors are made to measure the ambient concentrations of a variety of'reducing gases' linked to poor air quality, they are essential for monitoring both indoor and outdoor air quality. These gases comprise diverse aliphatic and aromatic hydrocarbons as well as alcohols, aldehydes, ketones, organic acids, amines, and organic chloramines. In the production of dyes, plastics, detergents, solvents, paints, synthetic rubber, and pharmaceuticals, VOCs are frequently discovered. Notably, major market leaders such as Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), and Senseair AB (Sweden) play a significant role in the provision of cutting-edge VOC sensors, which are essential for addressing air quality issues and pollution control.

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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