Non-dispersive Infrared (NDIR) Market

Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon dioxide, hydrocarbons,others), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas) and Region - Global Forecast to 2027

Report Code: SE 7772 May, 2022, by marketsandmarkets.com

[257 Pages Report] The Non-Dispersive Infrared (NDIR) Market size is valued at USD 0.7 billion in 2022 and is anticipated to be USD 1.0 billion by 2027; growing at a CAGR of 6.0% from 2022 to 2027. Factors such as Increasing demand for NDIR CO2 sensors in the food processing & storage industry and the growing focus on worker safety across industries are driving the growth of the market during the forecast period.

Non-dispersive Infrared (NDIR) Market

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COVID-19 Impact on the Global NDIR Market

COVID-19's outbreak and spread have had a substantial impact on players in the NDIR value chain. One of the primary factors driving the NDIR market's growth is rising global growth of the automotive. However, as a result of global lockdowns imposed by various governments to contain the spread of the COVID-19, the growth of the NDIR market has been hampered. Furthermore, these restrictions have had an impact on countries' GDP and individual per capita income around the world. Low disposable income has diminished the purchasing power of the public, resulting in a drop in y-o-y growth for the entire market. In the wake of the pandemic, key market players focused on maintaining and generating operating revenues. This, in turn, increased the number of developments in the NDIR market in 2021. However, the impact of COVID-19 is expected to decline steadily during the forecast period.

NDIR Market Dynamics

Driver: Growing focus on worker safety across industries

The safety of workers is of prime importance in every industry. Workers in the mining, medical, industrial & manufacturing, chemicals, fertilizers, and oil & gas industries are exposed to extremely hazardous environments. Toxic gases such as carbon dioxide, carbon monoxide, hydrocarbons, and sulfur hexafluoride are generated during various extraction and refining processes in the oil & gas and chemical industries. If inhaled in excess, these gases can have severe effects on human health, even leading to death in extreme cases. High concentrations of harmful and combustible gases in the workplace environment can even cause explosions or fire accidents.

Worldwide, governments have put in place regulations and safety directives to safeguard workers across industries. Regulatory agencies such as Occupational Safety and Health Administration (OSHA) and National Institute for Occupational Safety and Health (NIOSH) in the US are responsible for conducting research and making recommendations for the prevention of work-related injury and illness. Nearly every employee in the US comes under OSHA's jurisdiction with a few exceptions such as miners, transportation workers, public employees, and the self-employed. Employers subject to the Occupational Safety and Health (OSH) Act also have a general duty to provide work and a workplace free of recognized and serious hazards. The following are some of the relevant regulations:

  • Mandatory health hazard evaluation, involving the investigation and determination of potentially toxic or hazardous effects.
  • Approval of respiratory protective devices in the mining industry.
  • Implementation of the World Trade Center Health Program.
  • The Coal Workers Health Surveillance Program, which describes x-ray screening of underground coal miners, autopsies, and operation of the B-reader program for classifying pneumoconiosis.
  • Mine Safety and Health Administration (MSHA) is responsible for administration and enforcement of the Mine Safety and Health Act of 1977, which protects the safety and health of workers employed in US mines. The Act applies to all mining and mineral processing operations in the United States, regardless of size, number of employees, or method of extraction.

NDIR sensors and modules are useful for detecting toxic gases in these industries. They help to reduce toxic gas leakages and ensure workplace and worker safety. Thus, the increasing focus of regulatory agencies on workplace safety is expected to spur the demand for NDIR sensors and modules, and thus market growth.

Restraint: Time-consuming sensor development process

The increasing use of gas sensors in industrial, healthcare, and consumer electronics applications has led to the development of new and advanced products. However, this process is challenging as these sensors lack stability and reliability. The design and development of completely new and innovative gas sensors is also a time-consuming process, resulting in increased manufacturing costs. It requires substantial partnership effort from research institutes and companies dealing in gas sensors to ensure that the gas sensors meet stringent performance requirements and adhere to different environmental regulations.

Opportunity: Need for advanced alcohol sensors in the automotive & transportation industry

Alcohol detection involves checking the blood alcohol concentration (BAC) of the driver of a vehicle. The driver is eligible to drive only if the BAC is less than 0.08 grams per deciliter (g/dL); a higher concentration could lead to accidents involving serious injuries or fatalities. According to the National Highway Traffic Safety Administration (NHTSA), 10,511 alcohol-impaired driving fatalities were recorded in the US in 2018, accounting for 29% of the overall fatalities in the country. Various techniques such as breath analyzer devices, alcohol sensors and detectors, urine tests, and blood tests are used for alcohol detection; however, some of these techniques are unhygienic and time-consuming. An advanced detection technique is required to provide rapid and accurate results. Alcohol sensor manufacturers are investing in R&D activities to develop a sensor that is small enough to be integrated in any system and can provide real-time accurate results. Senseair AB has designed a touch-free alcohol sensor based on NDIR technology, which will be integrated into the steering wheel of a vehicle. The sensor enables accurate and touch-free detection of ethanol concentration in the driver’s breath. The integration of such advanced sensors in automotive and transportation vehicles will reduce accident rates; this is likely to create more opportunities for NDIR manufacturers in this sector.

Challenge: Shortage of raw material and supply chain disruption due to COVID-19

The COVID-19 pandemic, which has led to the loss of millions of lives, is also charged with political and economic ramifications. The pandemic severely affected the global manufacturing sector owing to supply chain disruptions. Initially, NDIR sensor manufacturers faced the problem of raw material shortage since the major raw material suppliers belonged to China and Taiwan; however, the situation improved over time. The pandemic also significantly affected end-users of NDIR sensors, including those in the automotive sector. The decline in automotive production resulted in decreased global demand for these sensors. This is expected to impact the production volume of NDIR sensors, and simultaneously, the revenue of manufacturers whose core clients are in the automotive industry. The shortage of raw material and semiconductor components such as chips, decrease in demand for end-use products, and supply chain disruptions are acting as challenges for manufacturers of NDIR sensors. However, an increase in the demand for LMV and passenger vehicles is expected post-COVID-19; this indicates an optimistic growth scenario for the NDIR market as well.

APAC held the largest market for the NDIR market in 2027 owing to the rising demand for NDIR sensors in the industrial & manufacturing, medical, automotive, environmental, and food processing & storage sectors.

During the forecast period, APAC held the largest share of the NDIR market and is expected to continue its upward growth trend. From 2022 to 2027, the region is expected to have the highest CAGR. The market in APAC is growing due to increased demand for NDIR sensors in the industrial & manufacturing, medical, automotive & transportation, environmental, and food processing & storage sectors. The NDIR market is growing due to an increase in the number of small and medium-sized enterprises (SMEs) and their increased investments in developing loT-based NDIR sensors for a variety of applications. China, Japan, India, and South Korea are among the top 20 automotive-producing countries in the world, thus the NDIR market in this region has a lot opportunities to grow.

Non-dispersive Infrared (NDIR) Market by Region

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Key Market Players

The NDIR market is dominated by a few globally established players such as 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).

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Scope of the Report

Report Metric

Scope

Market size available for years

2018–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million) and Volume (Thousand Units)

Segments covered

By Components, By Vertical, By Gas Type, By Application, By Region

Geographies covered

Asia Pacific, Europe, North America and Rest of World

Companies covered

The key players in the NDIR 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 study categorizes the NDIRmarket based on Component, Vertical, gas type, application, and region.

By Component:

  • IR Sources
  • Optical Gas Chamber
  • Optical Filters
  • Ir Detectors

By Vertical:

  • Automotive & Transportation
  • Chemicals
  • Oil & Gas
  • Medical
  • Industrial & Manufacturing
  • Environmental
  • Food Processing & Storage
  • Others

By Gas type:

  • Carbon Dioxide (CO2)
  • Hydrocarbons
  • Refrigerant Gases
  • Sulfur Hexafluoride (SF6)
  • Carbon Monoxide (CO)
  • Ethylene (C2H4)
  • Anesthetic Gases
  • Acetylene (C2H2)
  • Others (Water Vapor, Methane, Nitrogen, Sulfur dioxide and Volatile organic compounds (VOCs))

By Application:

  • HVAC
  • Monitoring
    • Air quality monitoring
    • Anesthesia monitoring
    • Capnography
    • Refrigerant monitoring
    • Fruit ripening monitoring
  • Detection and analysis
    • Hazardous gas detection
    • Flame detection
    • Alcohol detection

Blood gas analysis By Region:

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments<

  • In March 2021, Dynament announced the release of the new Premier R32 Refrigerant NDIR sensor. The sensor measures R32 from 0 to 15% volume with a resolution of 0.05%. These sensors contain all the necessary optics, electronics, and firmware to provide a linearized, temperature-compensated output.
  • In March 2020, E+E Elektronik Ges.m.b.H launched EE872, a 4 in 1 probe (based on NDIR technology) to detect CO2 concentration up to 5% (50,000 ppm), relative humidity, temperature, and ambient pressure. The device is suited for application in agriculture and harsh and aggressive environments.
  • In October 2019, Senseair AB and Talkpool launched two new IoT connected indoor air quality monitors, securing both energy savings and health benefits: the Explora CO2 temperature and humidity sensor, and the Explora Particles temperature and humidity sensor, both with LoRaWAN.
  • In March 2018, S+S Regeltechnik launched AERASGARD RLQ-SD and KLQ-SD room and duct air quality sensors for precise detection of hazardous mixed gases (VOC). The product is available in cost-efficient standard versions with a snap-on cover.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE
           FIGURE 1 NDIR MARKET SEGMENTATION
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 NDIR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 List of primaries
                    2.1.2.2 Primary interviews with experts
                    2.1.2.3 Primary sources
                    2.1.2.4 Key industry insights
                    2.1.2.5 Breakdown of primaries
    2.2 FACTOR ANALYSIS
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF NDIR SENSORS AND MODULES
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE): ILLUSTRATIVE EXAMPLE OF COMPANY OPERATING IN NDIR MARKET
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for capturing market size using bottom-up analysis (demand side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for capturing market share using top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
    2.6 RISK ASSESSMENT
           2.6.1 NDIR MARKET: LIMITATIONS AND ASSOCIATED RISKS
                    TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
    2.7 LIMITATIONS
           FIGURE 8 LIMITATIONS FOR RESEARCH STUDY
           TABLE 2 MARKET FORECASTING METHODOLOGY ADOPTED FROM 2022 TO 2027

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 9 ACETYLENE TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
    FIGURE 10 MONITORING APPLICATION TO WITNESS HIGHEST GROWTH IN NDIR MARKET FROM 2022 TO 2027
    FIGURE 11 OTHERS SEGMENT TO EXHIBIT HIGHEST CAGR IN NDIR MARKET FROM 2022 TO 2027
    FIGURE 12 APAC LIKELY TO ACCOUNT FOR LARGEST SHARE OF NDIR MARKET IN 2027
    3.1 COVID-19 IMPACT ON NDIR MARKET
           FIGURE 13 COVID-19 IMPACT ON NDIR MARKET
           3.1.1 REALISTIC SCENARIO (POST-COVID-19)
           3.1.2 OPTIMISTIC SCENARIO (POST-COVID-19)
           3.1.3 PESSIMISTIC SCENARIO (POST-COVID-19)

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN NDIR MARKET
           FIGURE 14 INCREASING USE OF NDIR SENSORS IN INDUSTRIAL & MANUFACTURING SEGMENT DRIVING MARKET
    4.2 NDIR MARKET, BY GAS TYPE
           FIGURE 15 VOLATILE ORGANIC COMPOUNDS (VOCS) TO CAPTURE LARGEST SHARE OF GLOBAL NDIR MARKET IN 2027
    4.3 NDIR MARKET, BY REGION
           FIGURE 16 APAC TO CAPTURE LARGEST SHARE OF GLOBAL NDIR MARKET IN 2027
    4.4 NDIR MARKET, BY APPLICATION AND VERTICAL
           FIGURE 17 MONITORING AND INDUSTRIAL & MANUFACTURING SEGMENTS TO ACCOUNT FOR LARGEST SHARES OF NDIR MARKET IN 2027

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 NDIR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Need to contain methane leakage in oil & gas industry
                    5.2.1.2 Increasing demand for NDIR CO2 sensors in food processing & storage industry
                    5.2.1.3 Growing focus on worker safety across industries
                    5.2.1.4 High demand for gas sensors in critical industries
                               FIGURE 19 NDIR MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Intense pricing pressure resulting in decreased average selling price (ASP)
                    5.2.2.2 Time-consuming sensor development process
                               FIGURE 20 NDIR MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising demand for NDIR sensors in medical industry
                    5.2.3.2 Need for advanced alcohol sensors in automotive & transportation industry
                    5.2.3.3 Growing adoption of gas sensors in consumer electronics
                               FIGURE 21 NDIR MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Need for product differentiation to meet unique end-user requirements
                    5.2.4.2 Shortage of raw material and supply chain disruption due to COVID-19
                               FIGURE 22 NDIR MARKET: CHALLENGES AND THEIR IMPACT
    5.3 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 IMPACT OF EACH FORCE ON NDIR MARKET, 2021
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 TRADE ANALYSIS-NDIR MARKET
           5.4.1 EXPORT SCENARIO OF GAS OR SMOKE ANALYSIS APPARATUS
                    TABLE 4 GAS OR SMOKE ANALYSIS APPARATUS EXPORT, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)
                    5.4.1.1 Import scenario of gas or smoke analysis apparatus
                               TABLE 5 GAS OR SMOKE ANALYSIS APPARATUS IMPORT, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)
    5.5 NDIR ECOSYSTEM
           FIGURE 23 NDIR ECOSYSTEM
           TABLE 6 NDIR MARKET: ECOSYSTEM
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 24 NDIR VALUE CHAIN
    5.7 AVERAGE SELLING PRICE ANALYSIS
           TABLE 7 GAS SENSOR SOLUTIONS AND THEIR COST
           TABLE 8 AVERAGE SELLING PRICE OF GAS SENSORS, BY APPLICATION
           TABLE 9 AVERAGE SELLING PRICE OF GAS SENSORS, BY OUTPUT TYPE
           FIGURE 25 ASP TREND FOR GAS SENSORS USED IN AUTOMOTIVE AND HEALTHCARE INDUSTRIES
           TABLE 10 AVERAGE SELLING PRICE OF NDIR SENSORS AND SENSOR MODULES FROM 2018 TO 2021
    5.8 CASE STUDY
           TABLE 11 PORTABLE GAS ANALYZER FOR STORAGE CONTROL SYSTEMS LTD. (UK) BY GAS SENSING SOLUTIONS (US)
           TABLE 12 LOW POWER NDIR CO2 SENSOR FOR MODIFIED ATMOSPHERE PACKAGING (MAF) BY EDINBURGH INSTRUMENTS LTD. (UK)
           TABLE 13 AKOGAS NDIR – REDUCTION OF REFRIGERANT GAS LEAKS
           TABLE 14 MULTI-GAS DETECTION SYSTEM BASED ON NON-DISPERSIVE INFRARED (NDIR) SPECTRAL TECHNOLOGY
    5.9 PATENT ANALYSIS
           FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
           TABLE 15 TOP 10 PATENT OWNERS FOR NDIR MARKET
           FIGURE 27 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 16 IMPORTANT PATENT REGISTRATIONS, 2019–2022
    5.10 REVENUE SHIFT AND NEW REVENUE POCKETS FOR NDIR MARKET
           FIGURE 28 REVENUE SHIFT IN NDIR MARKET
    5.11 GOVERNMENT REGULATIONS AND STANDARDS RELATED TO NDIR SENSORS
           5.11.1 REGULATIONS
           5.11.2 STANDARDS
           5.11.3 ISO STANDARDS FOR INFRARED SENSORS
           5.11.4 SOCIETY OF AUTOMOTIVE ENGINEERS (SAE) STANDARDS FOR INFRARED AND IR SENSORS
           5.11.5 AMERICAN SOCIETY FOR TESTING AND MATERIALS (ASTM) STANDARDS FOR INFRARED SENSORS
                    TABLE 17 STANDARDS AND REGULATIONS
    5.12 TECHNOLOGY TRENDS
           5.12.1 KEY TECHNOLOGIES
                    5.12.1.1 MEMS technology
           5.12.2 ADJACENT TECHNOLOGIES
                    5.12.2.1 Electrochemical technology
                    5.12.2.2 Metal-Oxide-Semiconductor (MOS) technology
                    5.12.2.3 Catalytic technology
           5.12.3 OPTICAL FILTER
    5.13 KEY CONFERENCES & EVENTS IN 2022-2023
                    TABLE 18 NDIR MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 20 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
    5.15 TARIFF AND REGULATORY LANDSCAPE
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 23 ASIA-PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 24 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS

6 COMPONENTS OF NDIR SENSORS (Page No. - 90)
    6.1 INTRODUCTION
           FIGURE 31 STRUCTURE OF NDIR SENSOR
    6.2 IR SOURCES
           6.2.1 HIGHER OUTPUT IN MID-INFRARED WAVELENGTH RANGE
           6.2.2 WIDE WAVELENGTH RANGE OUTPUT
           6.2.3 COST ADVANTAGE
    6.3 OPTICAL GAS CHAMBER
    6.4 OPTICAL FILTERS
           TABLE 25 GAS ABSORPTION WAVELENGTH
    6.5 IR DETECTORS
    6.6 ADVANTAGES AND LIMITATIONS OF NDIR SENSORS
           6.6.1 ADVANTAGES
           6.6.2 LIMITATIONS

7 NDIR MARKET, BY GAS TYPE (Page No. - 94)
    7.1 INTRODUCTION
           FIGURE 32 NDIR MARKET, BY GAS TYPE
           FIGURE 33 NDIR MARKET, 2018–2021 (MILLION UNITS)
           FIGURE 34 NDIR MARKET, 2022–2027 (MILLION UNITS)
           FIGURE 35 ACETYLENE TO REGISTER HIGHEST CAGR IN NDIR MARKET DURING FORECAST PERIOD
           TABLE 26 NDIR MARKET, BY GAS TYPE, 2018–2021 (USD MILLION)
           TABLE 27 NDIR MARKET, BY GAS TYPE, 2022–2027 (USD MILLION)
    7.2 CARBON DIOXIDE (CO2)
           7.2.1 WIDESPREAD APPLICATION OF CO2 SENSORS DRIVING MARKET GROWTH
                    TABLE 28 NDIR MARKET FOR CARBON DIOXIDE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 29 NDIR MARKET FOR CARBON DIOXIDE, BY VERTICAL, 2022–2027 (USD MILLION)
    7.3 HYDROCARBONS
           7.3.1 ADVERSE HEALTH EFFECTS OF HYDROCARBONS INCREASE DEMAND FOR HIGH ACCURACY MONITORING DEVICES
                    TABLE 30 NDIR MARKET FOR HYDROCARBONS, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 31 NDIR MARKET FOR HYDROCARBONS, BY VERTICAL, 2022–2027 (USD MILLION)
    7.4 REFRIGERANT GASES
           7.4.1 NEED TO DECREASE GLOBAL WARMING FUELING GROWTH OF NDIR-BASED REFRIGERANT GAS SENSORS
                    TABLE 32 NDIR MARKET FOR REFRIGERANT GASES, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 33 NDIR MARKET FOR REFRIGERANT GASES, BY VERTICAL, 2022–2027 (USD MILLION)
    7.5 SULFUR HEXAFLUORIDE (SF6)
           7.5.1 STRINGENT ENVIRONMENTAL REGULATIONS TO BOOST NDIR MARKET GROWTH
                    FIGURE 36 OIL & GAS TO REGISTER HIGHEST CAGR FOR SF6 SEGMENT DURING FORECAST PERIOD
                    TABLE 34 NDIR MARKET FOR SULFUR HEXAFLUORIDE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 35 NDIR MARKET FOR SULFUR HEXAFLUORIDE, BY VERTICAL, 2022–2027 (USD MILLION)
    7.6 CARBON MONOXIDE (CO)
           7.6.1 SAFETY REGULATIONS FOR CO DETECTION TO PROPEL NDIR MARKET GROWTH
                    TABLE 36 NDIR MARKET FOR CARBON MONOXIDE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 37 NDIR MARKET FOR CARBON MONOXIDE, BY VERTICAL, 2022–2027 (USD MILLION)
    7.7 ETHYLENE (C2H4)
           7.7.1 WIDE USE OF ETHYLENE GAS SENSORS FOR FRUIT RIPENING APPLICATION TO SPUR MARKET GROWTH
                    FIGURE 37 FOOD PROCESSING & STORAGE TO REGISTER HIGHEST CAGR FOR ETHYLENE SEGMENT DURING FORECAST PERIOD
                    TABLE 38 NDIR MARKET FOR ETHYLENE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 39 NDIR MARKET FOR ETHYLENE, BY VERTICAL, 2022–2027 (USD MILLION)
    7.8 ANESTHETIC GASES
           7.8.1 RISING NEED FOR ANESTHETIC GAS MONITORING TO BOOST NDIR MARKET
                    TABLE 40 NDIR MARKET FOR ANESTHETIC GASES, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 41 NDIR MARKET FOR ANESTHETIC GASES, BY VERTICAL, 2022–2027 (USD MILLION)
    7.9 ACETYLENE (C2H2)
           7.9.1 WORKPLACE SAFETY REGULATIONS TO PROPEL MARKET GROWTH
                    TABLE 42 NDIR MARKET FOR ACETYLENE, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 43 NDIR MARKET FOR ACETYLENE, BY VERTICAL, 2022–2027 (USD MILLION)
    7.10 VOLATILE ORGANIC COMPOUNDS (VOCS)
           7.10.1 RISING POLLUTION LEVELS TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR MARKET
                    FIGURE 38 ENVIRONMENTAL TO REGISTER HIGHEST CAGR FOR VOC SEGMENT DURING FORECAST PERIOD
                    TABLE 44 NDIR MARKET FOR VOC, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 45 NDIR MARKET FOR VOC, BY VERTICAL, 2022–2027 (USD MILLION)
    7.11 OTHERS
           7.11.1 CHLORINE (CL)
                    7.11.1.1 Growing use of chlorine for water & wastewater treatment to drive market growth
                               TABLE 46 PERMISSIBLE/EXPOSURE LIMITS FOR CHLORINE
           7.11.2 HYDROGEN SULFIDE (H2S)
                    7.11.2.1 Increased applications of H2S gas sensors in oil & gas industry to boost market growth
                               TABLE 47 HYDROGEN SULFIDE– PERMISSIBLE/EXPOSURE LIMITS
           7.11.3 NITROGEN OXIDE (NOX)
                    7.11.3.1 Need to detect toxic nitrogen solutions in outdoor air to fuel demand for NOx sensors
                               TABLE 48 NDIR MARKET FOR OTHERS, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 49 NDIR MARKET FOR OTHERS, BY VERTICAL, 2022–2027 (USD MILLION)

8 NDIR MARKET, BY APPLICATION (Page No. - 120)
    8.1 INTRODUCTION
           FIGURE 39 NDIR MARKET, BY APPLICATION
           FIGURE 40 MONITORING APPLICATION TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 50 NDIR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 51 NDIR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 HVAC
           8.2.1 RISING DEMAND FOR HVAC SYSTEMS TO PROPEL MARKET GROWTH
    8.3 MONITORING
           TABLE 52 NDIR MARKET FOR MONITORING, BY SUBTYPE, 2018–2021 (USD MILLION)
           TABLE 53 NDIR MARKET FOR MONITORING, BY SUBTYPE, 2022–2027 (USD MILLION)
           8.3.1 AIR QUALITY MONITORING
                    8.3.1.1 Increasing government focus on reducing air pollution to support market growth
           8.3.2 ANESTHESIA MONITORING
                    8.3.2.1 Growing demand for NDIR sensors offering low power consumption and long lifetimes
           8.3.3 CAPNOGRAPHY
                    8.3.3.1 Rising use of NDIR CO2 sensors for real-time monitoring of exhaled air
                               FIGURE 41 CAPNOGRAM
           8.3.4 REFRIGERANT MONITORING
                    8.3.4.1 Stringent standards and regulations expected to create opportunities for manufacturers
           8.3.5 FRUIT RIPENING MONITORING
                    8.3.5.1 Use of NDIR sensors to prevent wastage of food
    8.4 DETECTION AND ANALYSIS
           TABLE 54 NDIR MARKET FOR DETECTION AND ANALYSIS, BY SUBTYPE, 2018–2021 (USD MILLION)
           TABLE 55 NDIR MARKET FOR DETECTION AND ANALYSIS, BY SUBTYPE, 2022–2027 (USD MILLION)
           8.4.1 HAZARDOUS GAS DETECTION
                    8.4.1.1 Growing demand for accurate and reliable gas sensing solutions
           8.4.2 FLAME DETECTION
                    8.4.2.1 Increasing use of NDIR sensors to target specific flames
           8.4.3 ALCOHOL DETECTION
                    8.4.3.1 Regulations for alcohol detection expected to boost market
           8.4.4 BLOOD GAS ANALYSIS
                    8.4.4.1 Preference for NDIR CO2 sensors to measure partial pressure of CO2 concentration

9 NDIR MARKET, BY VERTICAL (Page No. - 130)
    9.1 INTRODUCTION
           FIGURE 42 NDIR MARKET, BY VERTICAL
           FIGURE 43 OTHERS TO REGISTER HIGHEST CAGR IN NDIR MARKET DURING FORECAST PERIOD
           TABLE 56 NDIR MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
           TABLE 57 NDIR MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
    9.2 AUTOMOTIVE & TRANSPORTATION
           9.2.1 NEED FOR CO AND CO2 MONITORING IN VEHICLES TO FUEL GROWTH OF MARKET
                    TABLE 58 NDIR MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 59 NDIR MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY GAS TYPE, 2022–2027 (USD MILLION)
                    TABLE 60 NDIR MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 61 NDIR MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2022–2027 (USD MILLION)
    9.3 CHEMICALS
           9.3.1 WIDE USE OF SENSORS FOR LEAK DETEECTION AND MONITORING OF HARMFUL GAS EMISSIONS DRIVING MARKET GROWTH
                    TABLE 62 NDIR MARKET FOR CHEMICALS, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 63 NDIR MARKET FOR CHEMICALS, BY GAS TYPE, 2022–2027 (USD MILLION)
                    TABLE 64 NDIR MARKET FOR CHEMICALS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 65 NDIR MARKET FOR CHEMICALS, BY REGION, 2022–2027 (USD MILLION)
    9.4 OIL & GAS
           9.4.1 INCREASING USE OF SENSORS TO SAFEGUARD WORKERS
                    TABLE 66 NDIR MARKET FOR OIL & GAS, BY GAS TYPE, 2018- (USD MILLION)
                    TABLE 67 NDIR MARKET FOR OIL & GAS, BY GAS TYPE, 2022–2027 (USD MILLION)
                    FIGURE 44 NORTH AMERICA TO HOLD LARGEST SHARE OF NDIR MARKET FOR OIL & GAS DURING FORECAST PERIOD
                    TABLE 68 NDIR MARKET FOR OIL & GAS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 69 NDIR MARKET FOR OIL & GAS, BY REGION, 2022–2027 (USD MILLION)
    9.5 MEDICAL
           9.5.1 NEED TO MONITOR AND CONTROL WASTE ANESTHETIC GASES (WAGS) DRIVING MARKET GROWTH
                    TABLE 70 NDIR MARKET FOR MEDICAL, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 71 NDIR MARKET FOR MEDICAL, BY GAS TYPE, 2022–2027 (USD MILLION)
                    TABLE 72 NDIR MARKET FOR MEDICAL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 73 NDIR MARKET FOR MEDICAL, BY REGION, 2022–2027 (USD MILLION)
    9.6 INDUSTRIAL & MANUFACTURING
           9.6.1 NDIR SENSORS OFFER QUICK DETECTION OF COMBUSTIBLE AND TOXIC GASES
                    TABLE 74 NDIR MARKET FOR INDUSTRIAL & MANUFACTURING, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 75 NDIR MARKET FOR INDUSTRIAL & MANUFACTURING, BY GAS TYPE, 2022–2027 (USD MILLION)
                    FIGURE 45 APAC TO HOLD LARGEST SHARE OF NDIR MARKET FOR INDUSTRIAL & MANUFACTURING DURING FORECAST PERIOD
                    TABLE 76 NDIR MARKET FOR INDUSTRIAL & MANUFACTURING, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 77 NDIR MARKET FOR INDUSTRIAL & MANUFACTURING, BY REGION, 2022–2027 (USD MILLION)
    9.7 ENVIRONMENTAL
           9.7.1 RISING DEMAND FOR AIR QUALITY MONITORING TO FUEL GROWTH OF NDIR MARKET
                    TABLE 78 NDIR MARKET FOR ENVIRONMENTAL, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 79 NDIR MARKET FOR ENVIRONMENTAL, BY GAS TYPE, 2022–2027 (USD MILLION)
                    TABLE 80 NDIR MARKET FOR ENVIRONMENTAL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 81 NDIR MARKET FOR ENVIRONMENTAL, BY REGION, 2022–2027 (USD MILLION)
    9.8 FOOD PROCESSING & STORAGE
           9.8.1 WIDESPREAD USE OF CO2 SENSORS TO BOOST MARKET
                    TABLE 82 NDIR MARKET FOR FOOD PROCESSING & STORAGE, BY GAS TYPE, 2018–2021 (USD MILLION)
                    TABLE 83 NDIR MARKET FOR FOOD PROCESSING & STORAGE, BY GAS TYPE, 2022–2027 (USD MILLION)
                    TABLE 84 NDIR MARKET FOR FOOD PROCESSING & STORAGE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 85 NDIR MARKET FOR FOOD PROCESSING & STORAGE, BY REGION, 2022–2027 (USD MILLION)
    9.9 OTHERS
           TABLE 86 NDIR MARKET FOR OTHERS, BY GAS TYPE, 2018–2021 (USD MILLION)
           TABLE 87 NDIR MARKET FOR OTHERS, BY GAS TYPE, 2022–2027 (USD MILLION)
           FIGURE 46 APAC TO CONTINUE TO LEAD NDIR MARKET FROM 2022 TO 2027
           TABLE 88 NDIR MARKET FOR OTHERS, BY REGION, 2018–2021 (USD MILLION)
           TABLE 89 NDIR MARKET FOR OTHERS, BY REGION, 2022–2027 (USD MILLION)

10 NDIR MARKET, BY REGION (Page No. - 152)
     10.1 INTRODUCTION
               FIGURE 47 NDIR MARKET, BY REGION
               FIGURE 48 NDIR MARKET IN APAC TO RECORD HIGHEST CAGR FROM 2022 TO 2027
               TABLE 90 NDIR MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 91 NDIR MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.2 NORTH AMERICA
             10.2.1 ANTI-POLLUTION INITIATIVES DRIVING GROWTH OF MARKET
                       FIGURE 49 NORTH AMERICA: NDIR MARKET SNAPSHOT
                       TABLE 92 NDIR MARKET IN NORTH AMERICA, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 93 NDIR MARKET IN NORTH AMERICA, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 94 NDIR MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 95 NDIR MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                       10.2.1.1 US
                                   10.2.1.1.1 Need to curb rising air pollution levels driving market
                       10.2.1.2 Canada
                                   10.2.1.2.1 Demand from automotive sector fueling market growth
                       10.2.1.3 Mexico
                                   10.2.1.3.1 Increasing industrialization to drive growth of market
     10.3 EUROPE
             10.3.1 AUTOMOTIVE INDUSTRY TO FUEL NDIR MARKET GROWTH
                       FIGURE 50 EUROPE: NDIR MARKET SNAPSHOT
                       TABLE 96 NDIR MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 97 NDIR MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 98 NDIR MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 99 NDIR MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                       10.3.1.1 Germany
                                   10.3.1.1.1 Growing demand from automotive industry driving NDIR gas sensor development
                       10.3.1.2 UK
                                   10.3.1.2.1 Expanding infrastructure development boosting market growth
                       10.3.1.3 France
                                   10.3.1.3.1 Development of environmental standards driving market growth
                       10.3.1.4 Rest of Europe
                                   10.3.1.4.1 Anti-air pollution measures expected to fuel growth of market
     10.4 APAC
             10.4.1 INDUSTRIAL & MANUFACTURING SEGMENT TO PROPEL MARKET GROWTH
                       FIGURE 51 APAC: NDIR MARKET SNAPSHOT
                       TABLE 100 NDIR MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 101 NDIR MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 102 NDIR MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 103 NDIR MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION)
                       10.4.1.1 China
                                   10.4.1.1.1 Low-cost air quality monitors and government initiatives boosting market
                       10.4.1.2 Japan
                                   10.4.1.2.1 Growing demand for sensors to detect and control greenhouse gas emissions
                       10.4.1.3 South Korea
                                   10.4.1.3.1 Automobile manufacturing and consumer electronics driving market growth
                       10.4.1.4 Rest of APAC
                                   10.4.1.4.1 Increasing demand for sensors for building automation and automobile applications
     10.5 REST OF THE WORLD (ROW)
             10.5.1 OIL & GAS AND MINING INDUSTRIES DRIVING NDIR MARKET GROWTH
                       TABLE 104 NDIR MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 105 NDIR MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 106 NDIR MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 107 NDIR MARKET IN ROW, BY REGION, 2022–2027(USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA
                       10.5.2.1 Increasing demand for gas sensors driving market
             10.5.3 SOUTH AMERICA
                       10.5.3.1 Rising use of gas sensors across industries to drive market growth

11 COMPETITIVE LANDSCAPE (Page No. - 172)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 108 OVERVIEW OF STRATEGIES DEPLOYED BY KEY NDIR PRODUCT MANUFACTURERS
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     11.3 MARKET SHARE ANALYSIS: NDIR MARKET, 2021
               FIGURE 52 NDIR MARKET SHARE ANALYSIS, 2021
               TABLE 109 NDIR MARKET: DEGREE OF COMPETITION, 2021
     11.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 53 FIVE-YEAR REVENUE ANALYSIS OF TOP TWO PLAYERS IN NDIR MARKET (USD MILLION)
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADER
             11.5.3 PERVASIVE
             11.5.4 PARTICIPANT
                       FIGURE 54 NDIR MARKET: COMPANY EVALUATION QUADRANT, 2021
             11.5.5 COMPETITIVE BENCHMARKING
                       11.5.5.1 Application and regional footprint analysis of top players
                                   TABLE 110 APPLICATION AND REGIONAL FOOTPRINT OF COMPANIES
                                   TABLE 111 PRODUCT FOOTPRINT OF COMPANIES
                                   TABLE 112 VERTICAL FOOTPRINT OF COMPANIES
                                   TABLE 113 REGIONAL FOOTPRINT OF COMPANIES
     11.6 STARTUP/SME EVALUATION QUADRANT
               TABLE 114 STARTUP COMPANIES IN NDIR MARKET
             11.6.1 PROGRESSIVE COMPANY
             11.6.2 RESPONSIVE COMPANY
             11.6.3 DYNAMIC COMPANY
             11.6.4 STARTING BLOCK
                       FIGURE 55 NDIR MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
     11.7 COMPETITIVE SCENARIO AND TRENDS
             11.7.1 PRODUCT LAUNCHES
                       TABLE 115 NDIR MARKET: PRODUCT LAUNCHES, 2017–2021
             11.7.2 DEALS
                       TABLE 116 NDIR MARKET: DEALS
             11.7.3 OTHERS
                       TABLE 117 NDIR MARKET: OTHER DEVELOPMENTS
                       TABLE 118 NDIR MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       FIGURE 56 NDIR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES

12 COMPANY PROFILES (Page No. - 193)
     12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
             12.1.1 AMPHENOL
                       TABLE 119 AMPHENOL: BUSINESS OVERVIEW
                       FIGURE 57 AMPHENOL: COMPANY SNAPSHOT
                       TABLE 120 AMPHENOL: PRODUCTS OFFERED
                       TABLE 121 AMPHENOL: PRODUCT LAUNCHES
                       TABLE 122 AMPHENOL: DEALS
                       TABLE 123 AMPHENOL: OTHERS
             12.1.2 HONEYWELL
                       TABLE 124 HONEYWELL: BUSINESS OVERVIEW
                       FIGURE 58 HONEYWELL: COMPANY SNAPSHOT
                       TABLE 125 HONEYWELL: PRODUCTS OFFERED
                       TABLE 126 HONEYWELL: PRODUCT LAUNCHES
                       TABLE 127 HONEYWELL: DEALS
             12.1.3 SENSEAIR AB
                       TABLE 128 SENSEAIR: BUSINESS OVERVIEW
                       TABLE 129 SENSEAIR: PRODUCTS OFFERED
                       TABLE 130 SENSEAIR: PRODUCT LAUNCHES
                       TABLE 131 SENSEAIR: DEALS
                       TABLE 132 SENSEAIR: OTHERS
             12.1.4 S+S REGELTECHNIK
                       TABLE 133 S+S REGELTECHNIK: BUSINESS OVERVIEW
                       TABLE 134 S+S REGELTECHNIK: PRODUCTS OFFERED
                       TABLE 135 S+S REGELTECHNIK: PRODUCT LAUNCHES
                       TABLE 136 S+S REGELTECHNIK: DEALS
             12.1.5 DYNAMENT
                       TABLE 137 DYNAMENT: BUSINESS OVERVIEW
                       TABLE 138 DYNAMENT: PRODUCTS OFFERED
                       TABLE 139 DYNAMENT: PRODUCT LAUNCHES
             12.1.6 NANO ENVIRONMENTAL TECHNOLOGY
                       TABLE 140 NANO ENVIRONMENTAL TECHNOLOGY: BUSINESS OVERVIEW
                       TABLE 141 NANO ENVIRONMENTAL TECHNOLOGY: PRODUCTS OFFERED
                       TABLE 142 NANO ENVIRONMENTAL TECHNOLOGY: PRODUCT LAUNCHES
             12.1.7 MIPEX TECHNOLOGY
                       TABLE 143 MIPEX TECHNOLOGY: BUSINESS OVERVIEW
                       TABLE 144 MIPEX TECHNOLOGY: PRODUCTS OFFERED
             12.1.8 EMERSON ELECTRIC
                       TABLE 145 EMERSON ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 59 EMERSON ELECTRIC: COMPANY SNAPSHOT
                       TABLE 146 EMERSON ELECTRIC: PRODUCTS OFFERED
                       TABLE 147 EMERSON ELECTRIC: PRODUCT LAUNCHES
                       TABLE 148 EMERSON ELECTRIC: DEALS
             12.1.9 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS
                       TABLE 149 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS: BUSINESS OVERVIEW
                       TABLE 150 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS: PRODUCTS OFFERED
                       TABLE 151 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS: OTHERS
             12.1.10 CUBIC SENSOR AND INSTRUMENT
                       TABLE 152 CUBIC SENSOR AND INSTRUMENT: BUSINESS OVERVIEW
                       TABLE 153 CUBIC SENSOR AND INSTRUMENT: PRODUCTS OFFERED
                       TABLE 154 CUBIC SENSOR AND INSTRUMENT: PRODUCT LAUNCHES
     12.2 OTHER PLAYERS
             12.2.1 ALPHASENSE
             12.2.2 ANALOX GROUP
             12.2.3 BACHARACH
             12.2.4 DRAGERWERK AG & CO KGAA
             12.2.5 EDINBURGH SENSORS
             12.2.6 E+E ELEKTRONIK
             12.2.7 ELICHENS
             12.2.8 ELT SENSOR CORP
             12.2.9 FIGARO ENGINEERING
             12.2.10 FUJI ELECTRIC
             12.2.11 GAS SENSING SOLUTIONS
             12.2.12 HUBEI CUBIC-RUIYI INSTRUMENT
             12.2.13 SENSIRION AG
             12.2.14 SMARTGAS MIKROSENSORIK
             12.2.15 YOKOGAWA ELECTRIC
             12.2.16 ZHENGZHOU WINSEN ELECTRONICS TECHNOLOGY

*Details on Business Overview, Products Offered, Recent Developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 251)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the NDIR market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study includes corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations (such as Consumer Technology Association (CTA), Integrated Systems Europe, the Organisation Internationale des Constructeurs d'Automobiles (OICA), the Society for Information Display (SID), and Touch Taiwan); white papers, certified publications, and articles by recognized authors; gold and silver standard websites; directories; and databases.

Secondary research has been conducted to obtain key information about the supply chain of the NDIRindustry, the monetary chain of the market, the total pool of key players, and market segmentation according to the industry trends to the bottommost level, regional markets, and key developments from both market- and technology oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the NDIR market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (consumers, industries) and supply-side (NDIRdevice manufacturers) players across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (the Middle East & Africa). Approximately 75% and 25% of primary interviews have been conducted from the supply and demand side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Non-dispersive Infrared (NDIR) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the NDIRmarket. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying various applications that use or are expected to use the NDIRmarket.
  • Analyzing historical and current data pertaining to the size of the NDIRmarket, in terms of volume, for each application using their production statistics
  • Analyzing the average selling prices of NDIR based on different technologies
  • Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases
  • Identifying leading manufacturers of NDIR sensors, studying their portfolios, and understanding features of their products and their underlying technologies, as well as the types of NDIR offered
  • Tracking ongoing and identifying upcoming developments in the market through investments, research and development activities, product launches, expansions, and partnerships, and forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the technologies used in NDIR, raw materials used to develop them, and products wherein they are deployed, and analyze the break-up of the scope of work carried out by key manufacturers of NDIR solutions providers
  • Verifying and crosschecking estimates at every level through discussions with key opinion leaders, such as CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets

Market Size Estimation Methodology-Bottom-up approach

Non-dispersive Infrared (NDIR) Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

The main objectives of this study are as follows:

  • To define, describe, segment, and forecast the NDIR market, in terms of value, based on components, gas type , vertical, application, and region
  • To forecast the NDIR market, in terms of volume, based on application
  • To forecast the size of the market and its segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the key factors influencing market growth, such as drivers, restraints, opportunities, and challenges
  • To provide a detailed analysis of the NDIR supply chain
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies2
  • To analyze key growth strategies such as expansions, contracts, joint ventures, acquisitions, product launches and developments, and research and development activities undertaken by players operating in the NDIRmarket

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Further breakdown of the market in different regions to the country-level
  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
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Published ON
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