Non-dispersive Infrared (NDIR) Market

Market Leader - Non-dispersive Infrared (NDIR) Market

The NDIR market is projected to grow from USD 379 million in 2020 to USD 535 million by 2025, at a CAGR of 7.2% from 2020 to 2025. Major factors driving the growth of the NDIR market include increasing demand for NDIR CO2 sensors in the food processing & storage industry and need to contain methane leakage in oil & gas industry.

Dynament (UK), MIPEX TECHNOLOGY (Russia), Gas Sensing Solutions (UK), Nano Environmental Technology S.r.l. (N.E.T.) (Italy), Alphasense (UK), Edinburgh Sensors (UK), Senseair AB (Sweden), Zhengzhou Winsen Electronics Technology Co., Ltd. (China), S+S Regeltechnik GmbH (Italy), Sensirion AG (Switzerland), Figaro Engineering Inc. (Japan), Sensera Limited (US), Amphenol (US), Honeywell International Inc. (US), ELT Sensor Corp. (Korea), Cubic Sensor and Instrument Co., Ltd. (China), and E+E Elektronik Ges.m.b.H (Austria) are the key players in the NDIR market. These players have adopted various growth strategies, such as product launches and developments, expansions, partnerships, and acquisitions, to retain their presence in the NDIR market. Product launches and developments has been the most dominating strategy adopted by the key players from 2018 to 2020 to help them strengthen their product portfolio and broaden their customer base.

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Amphenol holds a significant position in the NDIR market and accounts for ~15%-20% share of the NDIR market in 2019. The company has been pursuing organic strategies such as product launches and expansions to drive growth in the NDIR market in the past few years. The company believes that the industry in which it operates is highly fragmented, providing significant opportunities for strategic acquisitions. The company has a history of acquisitions; for instance, it acquired SGX Sensortech to increase its share in the gas sensors market. The company has successfully enriched its NDIR sensor portfolio with the addition of some new products. Its global presence allows Amphenol to meet the requirements of customers worldwide.

Honeywell International Inc. holds a strong position in the NDIR market. The company has a good geographic presence in the UK, Germany, China, Taiwan, and the US. It offers a wide range of NDIR sensors catering to various applications, including those used in harsh and hazardous environments. It also employs a multichannel distribution strategy to reach targeted customers. Owing to technological developments, the demand for NDIR sensors is expected to observe an exponential growth.

Related Reports:

Non-dispersive Infrared (NDIR) Market with COVID-19 Impact Analysis by Gas Type (Carbon dioxide, hydrocarbons), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas), and Region - Global Forecast to 2025

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Report Code
SE 7772
RI Published ON
10/26/2020
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