Amphenol (US) and Honeywell (US) are leading players in Non-dispersive Infrared (NDIR) Market
The NDIR market is projected to grow from USD 0.7 billion in 2022 to USD 1 billion by 2027, at a CAGR of 6.0% from 2022 to 2027. Major factors driving the growth of the NDIR market include the need to contain methane leakage in the oil & gas industry and a growing focus on worker safety across industries.
Key players in the NDIR market include 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), Alphasense (UK), Analox Group (UK), Bacharach Inc (US), Dragerwerk AG & Co. KGaA (Germany), Edinburgh Sensors (UK), E+E Elektronik (Austria), eLichens (France), ELT Sensor Corp (Korea), Figaro Engineering Inc. (Japan), Fuji Electric (Japan) Gas Sensing Solutions (UK), Hubei Cubic-Ruiyi Instrument (China), Sensirion AG (Switzerland), smartGAS Mikrosensorik (Germany), Yokogawa (Japan), and Zhengzhou Winsen Electronics (China). To compete in the NDIR market, these companies have used a variety of growth strategies, including product launches and development, expansions, collaborations, and acquisitions. From 2018 to 2021, the key players most dominant strategy for strengthening their product portfolio and broadening their consumer base has been product launches and developments.
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Amphenol holds a significant share of the NDIR market, accounting for 15 % to 20 % of the NDIR market in 2022. In past few years, the company has pursued organic growth strategies in the NDIR market, including as product launches and expansions. The company believes that the industry in which it works is extremely fragmented, allowing for significant strategic acquisition opportunities. The company has a history of making acquisitions; for example, it bought SGX Sensortech to expand its market dominance in gas sensors. With the addition of certain additional NDIR sensors, the company has successfully expanded its NDIR sensor portfolio. Amphenols global presence enables it to address the needs of customers all over the world.
Honeywell International Inc has a dominant position in the NDIR market. The corporation has a strong presence in the UK, Germany, China, Taiwan, and the US. It has a wide range of NDIR sensors for a variety of applications, including those in harsh and hazardous environments. To reach specific customers, it also uses a multichannel distribution approach. The market for NDIR sensors is expected to grow at an exponential rate as a result of technological advancements.
Related Reports:
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
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