Non-dispersive Infrared (NDIR) Market

Non-dispersive Infrared (NDIR) Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029

Report Code: SE 7772 Mar, 2024, by marketsandmarkets.com

[232 Pages Report] The global NDIR market is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is expected to grow at a CAGR of 7.2% from 2024 to 2029. The market is experiencing growth driven by the increasing adoption of NDIR sensors in industries such as oil & gas, industrial manufacturing, healthcare etc. General awareness and regulations by government are also contributing to growth of NDIR Market.

Non-dispersive Infrared (NDIR) Market

Non-dispersive Infrared (NDIR) Market

Non-dispersive Infrared (NDIR) Market Forecast to 2029

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NDIR Market Dynamics

Driver:  Need to contain methane leakage in oil & gas industry

In oil & gas industries, methane can leak into the air when it passes through faulty pipes or equipment during the production of natural gas. This leaked methane gas absorbs the sun’s heat and contributes to atmospheric warming. Methane leaks cause damage to the environment, and affect the health of workers, thus adversely impacting the business. Non-dispersive infrared (NDIR) is an effective technology for measuring methane leaks as it does not rely on the presence of oxygen and there are no poisoning effects associated with the sensor. NDIR sensors have high selectivity and can accurately measure methane concentrations in a mixed gas background. They can also be used in low oxygen and inert environments.

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. Calibration of these NDIR sensors for specific gases required by the industries is a time consuming process and oftentimes needs professional expertise to do.

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

Alcohol detection entails assessing the blood alcohol concentration (BAC) of vehicle drivers. Adherence to the legal threshold of 0.08 grams per deciliter (g/dL) is imperative to ensure road safety and prevent severe accidents resulting in injuries or fatalities. While several methods like breath analyzer devices, alcohol sensors, urine, and blood tests are available for alcohol detection, some prove cumbersome and unhygienic, leading to inefficiencies in time management. Hence, there is a pressing need for an advanced detection technique that delivers swift and precise results to streamline the process effectively.

Challenge: Need for product differentiation to meet unique end-user requirements

Traditionally, broad beam IR sources were used in NDIR sensors. However, such NDIR sensors were expensive and bulky, and were eventually replaced by sensors with LED IR sources. This not only reduced the size of the sensor but also the cost, resulting in increased competition among NDIR sensor providers. Changing customer requirements are posing a challenge to players in the NDIR market. They are recognizing the need to differentiate their products from competitors through innovative and customized NDIR solutions that can detect a wider range of gases. IoT compatible NDIR sensors are the latest trend in the NDIR market, and some manufacturers are adding them to their product portfolios in a bid to meet changing customer requirements.

Ndir Market Ecosystem

Leading players in the market include Honeywell International Inc. (US), MSA. (US), Emerson Electric Co. (US), Amphenol Corporation. (US), Yokogawa Electric Corporation (Japan) and many more.

Non-dispersive Infrared (NDIR) Market by Ecosystem

NDIR market for the HVAC application by application to exhibit the highest CAGR during the forecast period.

HVAC application in NDIR market increasing due to demand for energy-efficient HVAC systems. NDIR sensors provide accurate and reliable measurements of indoor air quality, enabling HVAC systems to optimize their performance and reduce energy consumption. With growing emphasis on environmental sustainability and indoor air quality regulations, the adoption of NDIR sensors in HVAC systems is projected to surge in the forecast period.

Carbon dioxide to have the highest market share in 2024

Carbon Dioxide is projected to have highest market share in 2024 due to increasing concerns over climate change and the need for precise monitoring of CO2 levels in various industries such as automotive, healthcare, and agriculture. With stringent regulations and growing awareness about the environmental impact of CO2 emissions, the demand for accurate and reliable CO2 sensing technologies like NDIR sensors is projected to surge, thereby driving its market share higher in the coming years.

The food & beverages vertical is estimated to account for the largest CAGR during the forecast period.

Carbon dioxide finds extensive usage in the food processing and storage sector owing to its capability to inhibit fungal and microbial growth. Modified atmosphere packaging (MAP) is a prevalent method for food packaging, where CO2 is employed to prolong the shelf life of food items; however, constant monitoring of CO2 levels is essential to prevent quality deterioration. Carbon dioxide finds extensive usage in the food processing and storage sector owing to its capability to inhibit fungal and microbial growth. Modified atmosphere packaging (MAP) is a prevalent method for food packaging, where CO2 is employed to prolong the shelf life of food items; however, constant monitoring of CO2 levels is essential to prevent quality deterioration. All of these factors are likely boost NDIR market.

Portable NDIR sensors by device type are expected to have the highest CAGR during the forecast period.

Portable NDIR sensors are projected to have the highest CAGR during the forecast period due to their versatility, enabling on-the-go gas detection across various applications including environmental monitoring, industrial safety, and healthcare. Their compact size, ease of use, and ability to provide real-time data make them increasingly attractive for users requiring flexible and efficient gas sensing solutions. Additionally, advancements in technology have led to improved accuracy and reliability, further driving the adoption of portable NDIR sensors in diverse sectors.

Asia Pacific region exhibits the highest market share in NDIR market.

The region is experiencing significant population growth and rising urbanization, leading to an increased demand for processed and packaged food products. The automotive & transportation segment is expected to have highest market share in the region. This is attributed to the shift in manufacturing of the automotive & transportation sector from European region to Asia Pacific regions.

The increasing awareness among consumers about food safety and quality is fuelling the demand for innovative preservation techniques in the food and beverage industry. NDIR sensors enable precise monitoring of gas levels inside packaging materials, contributing to extending the shelf life of perishable food products and maintaining their quality during transportation and storage. As a result, the food and beverages segment in Asia Pacific is expected to experience a CAGR in the NDIR sensor market as companies strive to meet the growing demand for safe and high-quality food products in the region.

Non-dispersive Infrared (NDIR) Market by Region

Non-dispersive Infrared (NDIR) Market by Region

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Key Market Players

 The NDIR  companies is dominated by players such as Global | Honeywell (US), Yokogawa Electric Corporation (Japan), Amphenol (US), Emerson Global | Emerson (US), MSA Safety | Global (US) and many more.

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Scope of the Report

Report Metric

Details

Market size available for years

2020-2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Million/Billion)

Segments Covered

By GasType; Product Type; By Application, By Vertical and Region.

Geographies covered

North America, Europe, Asia Pacific, and Rest of the world (RoW)

Companies covered

The major market players include Honeywell International Inc. (US) Amphenol Corporation. (US), MSA. (US), Fuji Electric Co., Ltd. (Japan), Yokogawa Electric Corporation (Japan), Sensair An Asahi Kasei Group Company(Sweden), S+S REGELTECHNIK (Germany), ELT SENSOR. (South Korea), Winsen (China), Emerson Electric Co. (US) and many more. (A total of 25 players are profiled)

Non-dispersive Infrared (NDIR) Market Highlights

The study categorizes the NDIR market based on the following segments:

Segment

Subsegment

By Gas Type

  • Carbon Dioxide
  • Hydrocarbons
  • Refrigerant Gases
  • Sulfur Hexafluoride
  • Carbon Monoxide
  • Anesthetic Gases
  • VOCs
  • Other Gases

By Product Type

  • Fixed
  • Portable

By Application

  • Monitoring
  • HVAC
  • Detection & Analysis

By Vertical

  • Automotive & Transportation
  • Chemicals
  • Oil & Gas
  • Healthcare
  • Industrial & Manufacturing
  • Environmental
  • Food Processing & Storage
  • Other Verticals

By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In February 2024, Yokogawa Electric Corporation acquired Adept Fluidyne Pvt. Ltd (India) which will allow Yokogawa to have a manufacturing facility in India for its advanced magnetic flowmeters. Additionally, it will grant Yokogawa access to Adept's product range, facilitating quicker delivery of a wide range of flowmeter products to meet the growing demand in the Indian market.
  • In January 2024 Senseair AB, launched the Sunrise CO2 sensor at the AHR 2024 conference focused on HVACs. This sensor is designed to optimize energy efficiency and enhance indoor air quality.
  • In November 2023, Amphenol completed the acquisition of CMR Group (France). Through this acquisition the company offers diverse array of sensors, specifically tailored for challenging environments characterized by extreme temperatures or intense vibration levels. These environments include exhaust systems, combustion chambers, and turbochargers. We specialize in delivering sensor solutions that can withstand such harsh conditions, ensuring optimal performance and reliability in demanding applications.

Frequently Asked Questions:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 NDIR MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA 
           FIGURE 2 NDIR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 3 NDIR MARKET: RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key primary interview participants
                    2.1.3.3 Breakdown of primaries
                    2.1.3.4 Key data from primary sources
                    2.1.3.5 Key industry insights
    2.2 MARKET SIZE ESTIMATION METHODOLOGY 
           FIGURE 4 NDIR MARKET: MARKET SIZE ESTIMATION METHODOLOGY
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
                               FIGURE 5 NDIR MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
                               FIGURE 6 NDIR MARKET: TOP-DOWN APPROACH
                               FIGURE 7 NDIR MARKET: SUPPLY-SIDE ANALYSIS
    2.3 DATA TRIANGULATION 
           FIGURE 8 NDIR MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           TABLE 1 NDIR MARKET: RESEARCH ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS 
           FIGURE 9 NDIR MARKET: RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT 
           TABLE 2 NDIR MARKET: RISK ASSESSMENT
    2.7 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NDIR MARKET 
           TABLE 3 NDIR MARKET: PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 10 REFRIGERANT GASES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 11 HVAC APPLICATION TO WITNESS HIGHEST CAGR FROM 2024 TO 2029
    FIGURE 12 AUTOMOTIVE & TRANSPORTATION VERTICAL TO HOLD SECOND HIGHEST SHARE OF MARKET DURING FORECAST PERIOD
    FIGURE 13 PORTABLE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 14 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NDIR MARKET 
           FIGURE 15 STRINGENT ENVIRONMENTAL REGULATIONS TO BOOST MARKET
    4.2 NDIR MARKET, BY GAS TYPE 
           FIGURE 16 CARBON DIOXIDE SEGMENT TO DOMINATE MARKET IN 2029
    4.3 NDIR MARKET, BY APPLICATION 
           FIGURE 17 MONITORING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.4 NDIR MARKET, BY VERTICAL 
           FIGURE 18 FOOD & BEVARAGES SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 NDIR MARKET IN ASIA PACIFIC, BY VERTICAL AND GEOGRAPHY 
           FIGURE 19 AUTOMOTIVE & TRANSPORTATION SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2023
    4.6 NDIR MARKET, BY REGION 
           FIGURE 20 NDIR MARKET IN INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 NDIR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    FIGURE 22 NDIR MARKET: IMPACT ANALYSIS OF DRIVERS
                    5.2.1.1 Need to contain methane leakages in oil & gas industry
                    5.2.1.2 Increasing demand for NDIR CO2 sensors in food processing & storage industry
                    5.2.1.3 Enhanced emphasis on worker safety across industries
                    5.2.1.4 High demand for gas sensors in critical industries
                    5.2.1.5 Advancements in IoT and connectivity
           5.2.2 RESTRAINTS
                    FIGURE 23 NDIR MARKET: IMPACT ANALYSIS OF RESTRAINTS
                    5.2.2.1 Price erosion due to intense competition
                    5.2.2.2 Time-consuming sensor development process
           5.2.3 OPPORTUNITIES
                    FIGURE 24 NDIR MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
                    5.2.3.1 Rising demand for NDIR sensors in healthcare industry
                    5.2.3.2 Need for advanced alcohol sensors in automotive & transportation industry
                    5.2.3.3 Increasing demand in emerging markets
           5.2.4 CHALLENGES
                    FIGURE 25 NDIR MARKET: IMPACT ANALYSIS OF CHALLENGES
                    5.2.4.1 Need for product differentiation to meet unique end-user requirements
                    5.2.4.2 Competition from alternative technologies
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 26 NDIR MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 27 ECOSYSTEM ANALYSIS
           TABLE 4 ROLE OF PLAYERS IN NDIR ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 28 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE TREND OF NDIR MODULES OFFERED BY KEY PLAYERS
                    FIGURE 29 AVERAGE SELLING PRICE TREND OF NDIR MODULES OFFERED BY KEY PLAYERS, 2023
                    TABLE 5 AVERAGE SELLING PRICE TREND OF NDIR MODULES OFFERED BY KEY PLAYERS (USD)
           5.6.2 AVERAGE SELLING PRICE TREND OF NDIR MODULES, BY GAS TYPE
                    FIGURE 30 AVERAGE SELLING PRICE TREND OF NDIR MODULES, BY GAS TYPE, 2020–2023 (USD)
           5.6.3 AVERAGE SELLING PRICE TREND OF NDIR MODULES, BY REGION
                    FIGURE 31 AVERAGE SELLING PRICE TREND OF NDIR MODULES, BY REGION (USD)
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 KEY TECHNOLOGIES
                    5.7.1.1 Emission and absorption spectroscopy
           5.7.2 COMPLEMENTARY TECHNOLOGIES
                    5.7.2.1 Internet of Things (IoT) and cloud computing
           5.7.3 ADJACENT TECHNOLOGIES
                    5.7.3.1 Gas chromatography
                    5.7.3.2 Tunable diode laser analyzer (TDLA) spectroscopy
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 6 NDIR MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 32 NDIR MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.9.2 BUYING CRITERIA
                    FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 CASE STUDIES 
           5.10.1 STORAGE CONTROL SYSTEMS LTD. OPTS FOR GSS CO2 SENSOR TO PREVENT SPOILAGE OF PRODUCTS
           5.10.2 EDINBURGH INSTRUMENTS LTD. DEVELOPS NDIR SENSOR FOR CONTINUOUS DETECTION OF CO2
           5.10.3 AKO GROUP’S AKOGAS NDIR SIGNIFICANTLY REDUCES REFRIGERANT GAS LEAKS
           5.10.4 XILTRIX INTERNATIONAL’S NDIR SENSORS ENHANCE INCUBATOR MONITORING
    5.11 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 35 FUNDING FOR STARTUPS IN NDIR MARKET, 2022–2023
    5.12 TRADE ANALYSIS 
           5.12.1 IMPORT SCENARIO
                        TABLE 9 IMPORT DATA FOR HS CODE 90271000-COMPLIANT PRODUCTS FOR TOP 10 COUNTRIES, 2018–2022 (USD THOUSAND)
           5.12.2 EXPORT SCENARIO
                        TABLE 10 EXPORT DATA FOR HS CODE 90271000-COMPLIANT PRODUCTS FOR TOP 10 COUNTRIES, 2018–2022 (USD THOUSAND)
    5.13 PATENT ANALYSIS, 2020–2024 
           TABLE 11 NDIR MARKET: PATENTS, 2020–2024
           FIGURE 36 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023
           TABLE 12 NUMBER OF PATENTS REGISTERED IN LAST 10 YEARS
    5.14 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 13 NDIR MARKET: CONFERENCES AND EVENTS, 2024–2025
    5.15 REGULATORY LANDSCAPE 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                        TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                        TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                        TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                        TABLE 17 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 STANDARDS AND REGULATIONS
                    5.15.2.1 Standards
                    5.15.2.2 Regulations
 
6 COMPONENTS OF NDIR SENSORS (Page No. - 84)
    6.1 INTRODUCTION 
    6.2 IR SOURCES 
           6.2.1 HIGHER OUTPUT IN MID-INFRARED WAVELENGTH RANGE
           6.2.2 WIDE WAVELENGTH RANGE OUTPUT
    6.3 OPTICAL GAS CHAMBER 
    6.4 OPTICAL FILTERS 
           TABLE 18 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 PRODUCT TYPE (Page No. - 88)
    7.1 INTRODUCTION 
           FIGURE 37 NDIR MARKET, BY PRODUCT TYPE
           FIGURE 38 PORTABLE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 19 NDIR MARKET: BY PRODUCT TYPE, 2020–2023 (USD MILLION)
           TABLE 20 NDIR MARKET: BY PRODUCT TYPE, 2024–2029 (USD MILLION)
    7.2 FIXED 
           7.2.1 STRICT ENVIRONMENTAL REGULATIONS TO DRIVE MARKET
    7.3 PORTABLE 
           7.3.1 NEED FOR ON-THE-GO MONITORING TO FUEL DEMAND
 
8 NDIR MARKET, BY GAS TYPE (Page No. - 92)
    8.1 INTRODUCTION 
           FIGURE 39 NDIR MARKET, BY GAS TYPE
           FIGURE 40 REFRIGERANT GASES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 21 NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
           TABLE 22 NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
           TABLE 23 NDIR MARKET SIZE, IN TERMS OF VOLUME, 2020–2023 (MILLION UNITS)
           TABLE 24 NDIR MARKET, 2024–2029 (MILLION UNITS)
           FIGURE 41 NDIR MARKET, UNIT SHIPMENT, 2020-2029 (MILLION UNITS)
    8.2 CARBON DIOXIDE (CO2) 
           8.2.1 WIDESPREAD APPLICATIONS OF CO2 SENSORS TO DRIVE MARKET GROWTH
                        TABLE 25 CARBON DIOXIDE: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 26 CARBON DIOXIDE: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.3 HYDROCARBONS 
           TABLE 27 HYDROCARBONS: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
           TABLE 28 HYDROCARBONS: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
           TABLE 29 HYDROCARBONS: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
           TABLE 30 HYDROCARBONS: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
           8.3.1 ACETYLENE
                    8.3.1.1 Strict workplace safety regulations to propel market growth
                               TABLE 31 HYDROCARBONS: NDIR MARKET FOR ACETYLENE, BY VERTICAL, 2020–2023 (USD MILLION)
                               TABLE 32 HYDROCARBONS: NDIR MARKET FOR ACETYLENE, BY VERTICAL, 2024–2029 (USD MILLION)
           8.3.2 ETHYLENE
                    8.3.2.1 Wide use in agricultural and food industries to boost market
                               TABLE 33 HYDROCARBONS: NDIR MARKET FOR ETHYLENE, BY VERTICAL, 2020–2023 (USD MILLION)
                               TABLE 34 HYDROCARBONS: NDIR MARKET FOR ETHYLENE, BY VERTICAL, 2024–2029 (USD MILLION)
           8.3.3 OTHER HYDROCARBONS
                        TABLE 35 HYDROCARBONS: NDIR MARKET FOR OTHER HYDROCARBONS, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 36 HYDROCARBONS: NDIR MARKET FOR OTHER HYDROCARBONS, BY VERTICAL, 2024–2029 (USD MILLION)
    8.4 REFRIGERANT GASES 
           8.4.1 NEED TO REDUCE GLOBAL WARMING TO FUEL MARKET
                        TABLE 37 REFRIGERANT GASES: NDIR MARKEYT, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 38 REFRIGERANT GASES: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.5 SULFUR HEXAFLUORIDE (SF6) 
           8.5.1 STRINGENT ENVIRONMENTAL REGULATIONS TO BOOST MARKET
                        TABLE 39 SULFUR HEXAFLUORIDE: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 40 SULFUR HEXAFLUORIDE: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.6 CARBON MONOXIDE (CO) 
           8.6.1 INCREASING NEED TO SAFEGUARD HUMAN HEALTH TO PROPEL MARKET
                        TABLE 41 CARBON MONOXIDE: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 42 CARBON MONOXIDE: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.7 ANESTHETIC GASES 
           8.7.1 RISING FOCUS ON SAFETY OF HEALTHCARE WORKERS TO BOOST MARKET
                        TABLE 43 ANESTHETIC GASES: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 44 ANESTHETIC GASES: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.8 VOLATILE ORGANIC COMPOUNDS (VOCS) 
           8.8.1 INCREASING POLLUTION LEVELS TO CREATE GROWTH OPPORTUNITIES FOR MARKET
                        TABLE 45 VOCS: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
                        TABLE 46 VOCS: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
    8.9 OTHER GASES 
           TABLE 47 OTHER GASES: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
           TABLE 48 OTHER GASES: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
           8.9.1 CHLORINE
                    8.9.1.1 Rising use of chlorine in water & wastewater treatment to drive market
           8.9.2 HYDROGEN SULFIDE
                    8.9.2.1 Increased demand in oil & gas industry to boost market
           8.9.3 NITROGEN OXIDE (NOX)
                    8.9.3.1 Need to detect toxic gases in outdoor air to drive demand
 
9 NDIR MARKET, BY APPLICATION (Page No. - 111)
    9.1 INTRODUCTION 
           FIGURE 42 NDIR MARKET, BY APPLICATION
           FIGURE 43 HVAC APPLICATION TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 49 NDIR MARKET: BY APPLICATION, 2020–2023 (USD MILLION)
           TABLE 50 NDIR MARKET: BY APPLICATION , 2024–2029 (USD MILLION)
    9.2 HVAC 
           9.2.1 HIGH DEMAND FOR HVAC SYSTEMS TO DRIVE MARKET
    9.3 MONITORING 
           TABLE 51 MONITORING: NDIR MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)
           TABLE 52 MONITORING: NDIR MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)
           9.3.1 AIR QUALITY MONITORING
                    9.3.1.1 Rising awareness of environmental threats to boost market
           9.3.2 ANESTHESIA MONITORING
                    9.3.2.1 Emphasis on safety in healthcare environments to drive market
           9.3.3 CAPNOGRAPHY
                    9.3.3.1 Rising use of NDIR sensors for real-time monitoring of exhaled air to drive market
           9.3.4 REFRIGERANT MONITORING
                    9.3.4.1 Stringent standards and regulations to create greater demand
           9.3.5 FRUIT RIPENING MONITORING
                    9.3.5.1 Need to reduce food wastage to accelerate demand
    9.4 DETECTION & ANALYSIS 
           TABLE 53 DETECTION & ANALYSIS: NDIR MARKET, BY SUBTYPE, 2020–2023 (USD MILLION)
           TABLE 54 DETECTION & ANALYSIS: NDIR MARKET, BY SUBTYPE, 2024–2029 (USD MILLION)
           9.4.1 HAZARDOUS GAS DETECTION
                    9.4.1.1 Demand for precise gas sensing solutions to drive market
           9.4.2 FLAME DETECTION
                    9.4.2.1 Growing demand in chemicals industry to boost market
           9.4.3 ALCOHOL DETECTION
                    9.4.3.1 Increasing government protocols to drive market
           9.4.4 BLOOD GAS ANALYSIS
                    9.4.4.1 Need for accurate analysis of respiratory gases to drive market
 
10 NDIR MARKET, BY VERTICAL (Page No. - 119)
     10.1 INTRODUCTION 
           FIGURE 44 NDIR MARKET, BY VERTICAL
           FIGURE 45 FOOD & BEVERAGES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 55 NDIR MARKET: BY VERTICAL, 2020–2023 (USD MILLION)
           TABLE 56 NDIR MARKET: BY VERTICAL, 2024–2029 (USD MILLION)
     10.2 AUTOMOTIVE & TRANSPORTATION 
             10.2.1 NEED FOR EFFICIENT EMISSION MONITORING TO DRIVE MARKET
                        TABLE 57 AUTOMOTIVE & TRANSPORTATION: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 58 AUTOMOTIVE & TRANSPORTATION: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 59 AUTOMOTIVE & TRANSPORTATION: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 60 AUTOMOTIVE & TRANSPORTATION: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.3 CHEMICALS 
             10.3.1 INCREASING NEED FOR LEAK DETECTION IN HAZARDOUS ENVIRONMENTS TO BOOST MARKET
                        TABLE 61 CHEMICALS: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 62 CHEMICALS: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 63 CHEMICALS: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 64 CHEMICALS: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.4 OIL & GAS 
             10.4.1 STRICT WORKER SAFETY REGULATIONS TO DRIVE DEMAND
                        TABLE 65 OIL & GAS: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 66 OIL & GAS: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 67 OIL & GAS: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 68 OIL & GAS: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.5 HEALTHCARE 
             10.5.1 RISING NEED TO DETECT WASTE ANESTHETIC GASES TO DRIVE DEMAND
                        TABLE 69 HEALTHCARE: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 70 HEALTHCARE: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 71 HEALTHCARE: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 72 HEALTHCARE: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.6 INDUSTRIAL & MANUFACTURING 
             10.6.1 RISING PRODUCTION OF COMBUSTIBLE AND TOXIC GASES TO BOOST DEMAND
                        TABLE 73 INDUSTRIAL & MANUFACTURING: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 74 INDUSTRIAL & MANUFACTURING: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 75 INDUSTRIAL & MANUFACTURING: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 76 INDUSTRIAL & MANUFACTURING: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.7 ENVIRONMENTAL 
             10.7.1 GROWING NEED FOR AIR QUALITY MONITORING TO FUEL MARKET
                        TABLE 77 ENVIRONMENTAL: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 78 ENVIRONMENTAL: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 79 ENVIRONMENTAL: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 80 ENVIRONMENTAL: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.8 FOOD & BEVERAGES 
             10.8.1 INCREASING USE OF CO2 IN FOOD PROCESSING & STORAGE TO DRIVE MARKET
                        TABLE 81 FOOD & BEVERAGES: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
                        TABLE 82 FOOD & BEVERAGES: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
                        TABLE 83 FOOD & BEVERAGES: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 84 FOOD & BEVERAGES: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.9 OTHER VERTICALS 
             TABLE 85 OTHER VERTICALS: NDIR MARKET, BY GAS TYPE, 2020–2023 (USD MILLION)
             TABLE 86 OTHER VERTICALS: NDIR MARKET, BY GAS TYPE, 2024–2029 (USD MILLION)
             TABLE 87 OTHER VERTICALS: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 88 OTHER VERTICALS: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
 
11 NDIR MARKET, BY REGION (Page No. - 137)
     11.1 INTRODUCTION 
             FIGURE 46 NDIR MARKET, BY REGION
             FIGURE 47 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR FROM 2024 TO 2029
             TABLE 89 NDIR MARKET: BY REGION, 2020–2023 (USD MILLION)
             TABLE 90 NDIR MARKET: BY REGION, 2024–2029 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 48 NORTH AMERICA: NDIR MARKET SNAPSHOT
             TABLE 91 NORTH AMERICA: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
             TABLE 92 NORTH AMERICA: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             TABLE 93 NORTH AMERICA: NDIR MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 94 NORTH AMERICA: NDIR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Increasing air pollution levels to drive demand
             11.2.2 CANADA
                        11.2.2.1 Rising demand in automative sector to fuel market
             11.2.3 MEXICO
                        11.2.3.1 Increasing industrialization to propel demand
             11.2.4 NORTH AMERICA: IMPACT OF RECESSION
     11.3 EUROPE 
             FIGURE 49 EUROPE: NDIR MARKET SNAPSHOT
             TABLE 95 EUROPE: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
             TABLE 96 EUROPE: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             TABLE 97 EUROPE: NDIR MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 98 EUROPE: NDIR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Flourishing automotive industry to drive market
             11.3.2 UK
                        11.3.2.1 High infrastructural growth to boost demand
             11.3.3 FRANCE
                        11.3.3.1 Strict government regulations to drive market
             11.3.4 REST OF EUROPE
             11.3.5 EUROPE: IMPACT OF RECESSION
     11.4 ASIA PACIFIC 
             FIGURE 50 ASIA PACIFIC: NDIR MARKET SNAPSHOT
             TABLE 99 ASIA PACIFIC: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
             TABLE 100 ASIA PACIFIC: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             TABLE 101 ASIA PACIFIC: NDIR MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 102 ASIA PACIFIC: NDIR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Increasing demand across industries to drive market
             11.4.2 JAPAN
                        11.4.2.1 Wide adoption of sensors in automotive industry to fuel market
             11.4.3 SOUTH KOREA
                        11.4.3.1 Automotive and consumer electronics industries to boost demand
             11.4.4 REST OF ASIA PACIFIC
             11.4.5 ASIA PACIFIC: IMPACT OF RECESSION
     11.5 REST OF THE WORLD (ROW) 
             TABLE 103 ROW: NDIR MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
             TABLE 104 ROW: NDIR MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
             TABLE 105 ROW: NDIR MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 106 ROW: NDIR MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.5.1 MIDDLE EAST & AFRICA
                        11.5.1.1 Rising demand for HVAC systems to drive market
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Growing use of gas sensors across industries to boost demand
             11.5.3 ROW: IMPACT OF RECESSION
 
12 COMPETITIVE LANDSCAPE (Page No. - 156)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN, 2020–2023 
             TABLE 107 OVERVIEW OF STRATEGIES DEPLOYED BY KEY NDIR MANUFACTURERS, 2020–2023
     12.3 REVENUE ANALYSIS OF KEY PLAYERS IN NDIR MARKET, 2020–2023 
             FIGURE 51 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN NDIR MARKET
     12.4 MARKET SHARE ANALYSIS, 2023 
             TABLE 108 NDIR MARKET: DEGREE OF COMPETITION, 2023
             FIGURE 52 MARKET SHARE ANALYSIS
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 53 COMPANY VALUATION, 2022 (USD BILLION)
             FIGURE 54 FINANCIAL METRICS (EV/EBITDA), 2023
     12.6 BRAND COMPARISON 
             FIGURE 55 BRAND/PRODUCT COMPARISON
     12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.7.1 STARS
             12.7.2 EMERGING LEADERS
             12.7.3 PERVASIVE PLAYERS
             12.7.4 PARTICIPANTS
                        FIGURE 56 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
             12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        12.7.5.1 Company footprint
                                     FIGURE 57 KEY PLAYERS: OVERALL FOOTPRINT
                        12.7.5.2 Region footprint
                                     TABLE 109 KEY PLAYERS: REGION FOOTPRINT
                        12.7.5.3 Vertical footprint
                                     TABLE 110 KEY PLAYERS: VERTICAL FOOTPRINT
                        12.7.5.4 Gas type footprint
                                     TABLE 111 KEY PLAYERS: GAS TYPE FOOTPRINT
                        12.7.5.5 Application footprint
                                     TABLE 112 KEY PLAYERS: APPLICATION FOOTPRINT
     12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
                        FIGURE 58 COMPANY EVALUATION MATRIX: SMES/STARTUPS, 2023
             12.8.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2023
                        12.8.5.1 Key startups/SMEs
                                     TABLE 113 NDIR MARKET:KEY STARTUPS/SMES
                        12.8.5.2 Competitive benchmarking of key startups/SMEs
                                     TABLE 114 NDIR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.9 COMPETITIVE SCENARIO AND TRENDS 
             12.9.1 PRODUCT LAUNCHES
                        TABLE 115 NDIR MARKET: PRODUCT LAUNCHES, FEBUARY 2021−APRIL 2024
             12.9.2 DEALS
                        TABLE 116 NDIR MARKET: DEALS, FEBRUARY 2021–APRIL 2024
 
13 COMPANY PROFILES (Page No. - 176)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     13.1 KEY PLAYERS 
             13.1.1 AMPHENOL CORPORATION
                        TABLE 117 AMPHENOL CORPORATION: COMPANY OVERVIEW
                        FIGURE 59 AMPHENOL CORPORATION: COMPANY SNAPSHOT
                        TABLE 118 AMPHENOL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 119 AMPHENOL CORPORATION: DEALS
             13.1.2 HONEYWELL INTERNATIONAL INC.
                        TABLE 120 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 60 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 121 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 122 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
                        TABLE 123 HONEYWELL INTERNATIONAL INC.: DEALS
             13.1.3 YOKOGAWA ELECTRIC CORPORATION
                        TABLE 124 YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW
                        FIGURE 61 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 125 YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 126 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 127 YOKOGAWA ELECTRIC CORPORATION: DEALS
             13.1.4 EMERSON ELECTRIC CO.
                        TABLE 128 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
                        FIGURE 62 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 129 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 130 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
             13.1.5 SENSEAIR - AN ASAHI KASEI GROUP COMPANY
                        TABLE 131 SENSAIR - AN ASAHI KASEI GROUP COMPANY: COMPANY OVERVIEW
                        TABLE 132 SENSEAIR – AN ASAHI KASEI GROUP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 133 SENSEAIR – AN ASAHI KASEI GROUP COMPANY: PRODUCT LAUNCHES
             13.1.6 FUJI ELECTRIC CO., LTD.
                        TABLE 134 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
                        FIGURE 63 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
                        TABLE 135 FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.7 MSA
                        TABLE 136 MSA: COMPANY OVERVIEW
                        FIGURE 64 MSA: COMPANY SNAPSHOT
                        TABLE 137 MSA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 138 MSA: PRODUCT LAUNCHES
             13.1.8 S+S REGELTECHNIK
                        TABLE 139 S+S REGELTECHNIK: COMPANY OVERVIEW
                        TABLE 140 S+S REGELTECHNIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 141 S+S REGELTECHNIK: DEALS
             13.1.9 ELT SENSOR
                        TABLE 142 ELT SENSOR: COMPANY OVERVIEW
                        TABLE 143 ELT SENSOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.10 WINSEN
                        TABLE 144 WINSEN: COMPANY OVERVIEW
                        TABLE 145 WINSEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 146 WINSEN: PRODUCT LAUNCHES
     13.2 OTHER PLAYERS 
             13.2.1 PROCESS SENSING TECHNOLOGIES
             13.2.2 FIGARO ENGINEERING INC.
             13.2.3 N.E.T. SRL - P.IVA.
             13.2.4 SMARTGAS MIKROSENSORIK
             13.2.5 SIA MIPEX
             13.2.6 CUBIC SENSOR AND INSTRUMENT CO., LTD.
             13.2.7 SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS
             13.2.8 SENSIRION AG
             13.2.9 M-U-T GMBH
             13.2.10 DRAGERWERK AG & CO. KGAA
             13.2.11 EDINBURGH INSTRUMENTS LTD.
             13.2.12 ELICHENS
             13.2.13 ALPHASENSE
             13.2.14 ANALOX GROUP
             13.2.15 GSS
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
14 APPENDIX (Page No. - 225)
     14.1 INSIGHTS OF INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 

 

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

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

List of major secondary sources

Sources

Web Link

Semiconductor Industry Association (SIA)

www.semiconductors.org

Automotive Industry Action Group

www.aiag.org

Medical Device Manufacturers Association (MDMA)

https://www.medicaldevices.org/

Environmental Protection Agency

www.epa.gov

Occupational Safety and Health Administration

www.osha.gov

Centers for Disease Control and Prevention

www.cdc.gov

World Resources Institute (WRI)

www.wri.org

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the NDIR market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

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

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.

Bottom-Up Approach

  • Identifying various gas types detected using NDIR sensors and modules
  • Analyzing the penetration of each type of sensor and module through secondary and primary research
  • Analyzing the penetration of NDIR sensors and modules based on different applications and verticals through secondary and primary research
  • Conducting multiple discussion sessions with key opinion leaders to understand the detailed working of NDIR sensors, and their implementation in multiple applications; this helped analyze the break-up of the scope of work carried out by each major company
  • Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with MarketsandMarkets domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Non-dispersive Infrared (NDIR) Market
 Size, and Bottom-Up Approach

Top-Down Approach

  • Focusing initially on the top-line investments and expenditures being made in the ecosystem of the NDIR market; further splitting the key market areas on the basis of gas type, application, vertical, and region, and listing the key developments
  • Identifying all leading players and end-users in the NDIR market based on gas type, application, and vertical through secondary research, and fully verifying them through a brief discussion with the industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications served by all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Non-dispersive Infrared (NDIR) Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the NDIR market from the estimation process explained above, the market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed (wherever applicable) to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The size of the NDIR market has been validated using both top-down and bottom-up approaches.

Market Definition

Non-dispersive infrared (NDIR) technology involves the optical measurement of gas concentration in the target application using infrared (IR) light and IR absorption wavelength band. In this, the IR light emitted by the IR source is absorbed by the molecules of the gas under measurement at a particular wavelength. A NDIR sensor has an IR source, optical filter, and IR detector. It measures the amount of IR light of specific wavelength that is absorbed by the surrounding air; this is used to calculate the concentration of that gas in the surrounding air. Small in size, with no moving parts, these sensors have a long lifespan. They are ideal for measuring the concentration of gases such as carbon dioxide, hydrocarbons, refrigerant gases, acetylene, ethylene, anesthetic gases, and carbon monoxide. NDIR sensors are being increasingly used by industrial and manufacturing end-users.

Key Stakeholders

  • NDIR sensor and module manufacturers
  • NDIR end-user product manufacturers
  • Automotive companies
  • Medical, food processing and storage, and mining industries
  • Raw material suppliers
  • Original equipment manufacturers (OEMs)
  • NDIR solutions distributors and sales firms
  • Technology solution providers and design contractors
  • Electronics and semiconductor companies
  • Technology standards organizations, forums, alliances, and associations
  • Analysts and strategic business planners
  • Associations, organizations, and alliances related to NDIR technology
  • Universities and research organizations
  • Government bodies

Report Objectives

  • To describe and forecast the non-dispersive infrared (NDIR) market, by gas type, application, and vertical, in terms of value and volume
  • To describe and forecast the market for four key regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)--in terms of value
  • To provide qualitative information about different components used in NDIR sensors
  • To provide detailed information regarding drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the NDIR market
  • To provide a detailed overview of the value chain pertaining to NDIR ecosystems, along with the average selling price for NDIR sensors and modules
  • To strategically analyze the ecosystem, tariff and regulations, patent landscape, and various case studies pertaining to the NDIR market
  • To describe, in brief, the COVID-19 impact on the global NDIR market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players and comprehensively analyze their position in the NDIR market in terms of their ranking and core competencies2, and detail the competitive landscape for market leaders
  • To analyze competitive developments in the NDIR market, such as product launches and developments, expansions, partnerships, and acquisitions

Customization Options

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Geographic Analysis

  • Further breakdown of regions into respective countries
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Mar, 2024
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