Non-Dispersive Infrared (NDIR) Market Outlook 2024: Exclusive Report By The Business Research Company | Acuity Brands Inc., Syska LED Lights Pvt. Ltd., Eaton Corporation plc, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding, Schneider

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2578

The Business Research Company offers in-depth market insights through Non-Dispersive Infrared (NDIR) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
The main types of gasses involved in the non-dispersive infrared (NDIR) market include carbon dioxide, hydrocarbons, carbon monoxide, and others. A carbon dioxide sensor monitors the amount of infrared (IR) radiation absorbed by carbon dioxide molecules to determine gaseous carbon dioxide levels. Automobiles utilize CO2 sensors with non-dispersive infrared (NDIR) technology to monitor cabin air quality, CO2 concentration in vehicle exhaust, and refrigerant levels. It is used in HVAC, monitoring, detection, and analysis and is implemented in various verticals such as automotive and transportation, chemicals, oil and gas, medical, industrial and manufacturing, environmental, food processing and storage, others.

Major Driver - Growing Demand For Wastewater Treatment Boosts The Ndir Market
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.

Competitive Landscape:
Major companies operating in the non-dispersive infrared (ndir) market include Acuity Brands Inc., Syska LED Lights Pvt. Ltd., Eaton Corporation plc, Hubbell Incorporated, Legrand Group, OSRAM Licht AG, Signify Holding, Schneider Electric SE, Zumtobel Group AG, Daisalux S.A.U., Emerson Electric Co., Larson Electronics LLC, ABB Group, Digital Lumens Inc., Amphenol Corporation, Honeywell International Inc., Senseair AB, Dynament Ltd., Mipex Technology AB, Gas Sensing Solutions Ltd., S+S Regeltechnik GmbH, Nano Environmental Technology S.r.l., Murata Manufacturing Co. Ltd., Sensirion AG, MKS Instruments Inc., Vaisala Corporation, Teledyne API, ELT SENSOR Corp., Super Systems Inc., Axetris AG, Edinburgh Sensors Ltd., Micro-Hybrid Electronic GmbH, Alphasense Ltd., Figaro Engineering Inc., AMETEK Inc., E+E Elektronik GmbH, Winsen Electronics Technology Co. Ltd., Hanwei Electronics Group Corporation, SGX Sensortech (IS) Ltd., Cubic Sensor and Instrument Co. Ltd.

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Top Trend - Advancing Technology Drives The Ndir Market
The growing technological advancements are a key trend gaining popularity in the non-dispersive infrared (NDIR) market. Major companies operating in the non-dispersive infrared (NDIR) sector are focused on developing technological solutions for non-dispersive infrared (NDIR). For instance, in May 2023, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company, launched three new infrared gas analyzers, the IR800G Rack Type Infrared Gas Analyzer, the IR810G Wall and Panel Mount Type Infrared Gas Analyzer, and the IR810S Explosion-protected model Infrared Gas Analyzer, as part of its OpreX Analyzers lineup. These analyzers use non-dispersive infrared (NDIR) technology to detect and measure the concentration of greenhouse gases, including carbon dioxide, nitrogen dioxide, sulfur dioxide, and methane.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Non-Dispersive Infrared (NDIR) Market Characteristics
3. Non-Dispersive Infrared (NDIR) Market Trends And Strategies
4. Non-Dispersive Infrared (NDIR) Market - Macro Economic Scenario
5. Non-Dispersive Infrared (NDIR) Market Size And Growth
…..
27. Non-Dispersive Infrared (NDIR) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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