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Non-Dispersive Infrared (NDIR) Global Market Growth Factors, Descriptive Analysis, Market Size, Segmentation And Forecast To 2033
Non-Dispersive Infrared (NDIR) Global Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the non-dispersive infrared (NDIR) industry. This report on non-dispersive infrared (NDIR) market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The non-dispersive infrared (ndir) market size has grown strongly in recent years. It will grow from $0.43 billion in 2023 to $0.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to miniaturization and cost reduction, environmental regulations, energy efficiency, industrial safety, healthcare applications.
The non-dispersive infrared (ndir) market size is expected to see strong growth in the next few years. It will grow to $0.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to automotive emissions, food packaging, indoor air quality standards, research and development, water quality monitoring. Major trends in the forecast period include greenhouse gas monitoring, smart agriculture, artificial intelligence (AI) and machine learning, sustainable practices, smart agriculture.
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Key Market Players:
Acuity Brands Inc., Syska LED Lights Pvt. Ltd., Eaton Corporation PLC, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding are prominent players in the non-dispersive infrared (NDIR) industry.
Market Drivers:
According to the Non-Dispersive Infrared (NDIR) Market Report 2024 by The Business Research Company, The increasing need for wastewater treatment is expected to fuel the growth of the non-dispersive infrared (NDIR) market over the coming years. The process of eliminating contaminants from wastewater or sewage and converting them to effluent that may be fed to the water supply with little environmental impact is known as wastewater treatment. The non-dispersive infrared sensor is used to track nitrate, nitrite, and ammonia levels in municipal wastewater treatment plants and onsite wastewater treatment systems in real time. According to the report published in 2021 by the United Nations, a US-based intergovernmental organization, approximately 56% of domestic wastewater flows underwent safe treatment (extrapolated from data from 128 countries representing 80 per cent of the global population) in the year 2021. Therefore, the increasing need for wastewater treatment drives the growth of the non-dispersive infrared (NDIR) market.
More information about the Global Non-Dispersive Infrared (NDIR) Market Report -
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Market segments for non-dispersive infrared (NDIR) include:
1) By Gas Type: Carbon Dioxide, Hydrocarbons, Carbon Monoxide, Other Gas Type
2) By Application: HVAC, Monitoring, Detection And Analysis
3) By End User: Automotive And Transportation, Chemicals, Oil And Gas, Medical, Industrial And Manufacturing, Environmental, Food Processing And Storage, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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