It is expected that the global Non-dispersive Infrared (NDIR) Market would develop at a stable compound annual growth rate (CAGR) of 6.0%, from USD 0.7 billion in 2022 to USD 1.0 billion by 2027. This prediction, which is detailed in an extensive analysis by MarketsandMarketsTM, highlights how NDIR technology is becoming more and more important in a variety of applications and sectors. The market's trend suggests that there is a rising need for NDIR solutions, especially in detection and analysis processes, HVAC systems, and gas monitoring. The NDIR market has a bright outlook for the upcoming years due to factors including growing industrial and manufacturing activity and a significant role in the oil and gas sector.

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The non-dispersive infrared (NDIR) Market is expanding significantly due to a number of important factors. One significant factor that highlights the vital role that NDIR technology plays in monitoring and preserving ideal conditions for food preservation is the growing demand for NDIR CO2 sensors in the food processing and storage sector. Furthermore, the market is expanding as a result of the growing emphasis that different businesses are placing on worker safety. By offering effective monitoring and detection capabilities, the use of NDIR solutions improves safety precautions, especially in settings where the presence of particular gases needs to be strictly controlled. Together, these elements support the NDIR market's growth and favourable momentum.

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Others are likely to register high CAGR

By 2021, the Non-dispersive Infrared (NDIR) market was led by the "others" category, which included applications in mining, agriculture, and greenhouses. The need to strengthen corporate infrastructure, safeguard the environment, and improve worker safety measures is the main factor driving the noticeable increase in NDIR sensor usage in this market. Strict safety laws in places like North America and Europe are also driving this adoption wave, as compliance requirements push NDIR technology into a wider range of "others" category applications. Because of their adaptability and efficiency in guaranteeing safety requirements, NDIR sensors are a favoured option in a variety of industries outside of the traditional ones.

Over the course of the projection period, the "others" sector is expected to have the highest Compound Annual Growth Rate (CAGR). The industry's increased need for Non-dispersive Infrared (NDIR) solutions is primarily driven by the necessity of efficiently detecting harmful gases, particularly in the context of mining operations. Over the course of the forecast period, the vital function that NDIR technology plays in improving gas detection capabilities is anticipated to be a key driver of market expansion. The market is expected to grow significantly as a result of the increasing awareness of safety precautions across a range of industries, especially in hazardous areas like mining, where NDIR technologies for gas detection are being adopted.

APAC exhibit the highest CAGR during the forecast period

The Non-dispersive Infrared (NDIR) market was dominated by the Asia-Pacific (APAC) region in 2021, with the biggest market share. According to the prediction, from 2022 to 2027, this region's market is expected to grow at the greatest Compound Annual Growth Rate (CAGR). The rapid population increase in two of the region's most important countries—China and India—is responsible for the NDIR market's strong expansion in APAC. These highly populated countries are seeing a rise in smart city projects along with higher NDIR sensor and module sales. This phenomenon is a major factor driving the NDIR market's overall growth in the Asia-Pacific area.

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

Over the course of the forecast period, the monitoring applications category is expected to display the greatest Compound Annual Growth Rate (CAGR). The need for NDIR sensors and modules, which are known for their excellent accuracy, small size, ease of use, dependability, and affordability, is driving this expansion. NDIR sensors and modules are preferred for monitoring indoor and outdoor air quality across a variety of sectors due to these highly sought-after characteristics. The anticipated growth of the monitoring applications segment within the NDIR market is mostly due to the growing emphasis on precise and effective monitoring solutions.

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

The market for volatile organic compounds, or VOCs, is projected to reach its peak market share by 2027 due to the extensive application of VOC sensors for indoor and outdoor air quality monitoring. These sensors are vital for measuring ambient concentrations of various "reducing gases" (such as alcohols, aldehydes, ketones, organic acids, amines, organic chloramines, and other hydrocarbons) that are linked to poor air quality. VOCs are frequently discovered during the production of paints, synthetic rubber, dyes, plastics, detergents, solvents, and medications. The demand for efficient VOC monitoring solutions is largely met by major players in the VOC sensors industry, including Senseair AB (Sweden), Sensirion AG (Switzerland), Figaro Engineering (Japan), and Alphasense Ltd. (UK).

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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