Global NDIR Sensors Market Growth 2023-2029

Global NDIR Sensors Market Growth 2023-2029

According to our (LP Info Research) latest study, the global NDIR Sensors market size was valued at US$ 774.6 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the NDIR Sensors is forecast to a readjusted size of US$ 1317.6 million by 2029 with a CAGR of 7.9% during review period.

The research report highlights the growth potential of the global NDIR Sensors market. With recovery from influence of COVID-19 and the Russia-Ukraine War, NDIR Sensors are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of NDIR Sensors. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the NDIR Sensors market.

NDIR gas sensors use the infrared absorption properties of gas molecules (e.g., CO2) to calculate their concentration. Therefore, the NDIR gas sensor is equipped with an infrared light source that emits infrared rays and an infrared sensor that detects infrared rays. The infrared light is directed at the gas in the measuring tube and part of the light is absorbed by the gas molecules to be measured. Subsequently, the rest of the infrared light hits the filter and reaches the infrared detector. Ideally, only the gas to be measured absorbs light of the corresponding wavelength. However, since the gas mixture contains a variety of gases, the absorption regions may overlap, thus enhancing cross sensitivity. The interference part must either be tested for compensation (to avoid false measurements) or avoided by clever selection of spectral ranges. With the NDIR sensor, more than 100 different gases can be detected from ppm to percentage. In many applications, this is the preferred method because the measurement method is non-contact and non-consuming.

Global key players of NDIR Sensors include Amphenol Advanced Sensors, Senseair (Asahi Kasei Microdevices), Murata, Sensirion, MKS Instruments and ELT SENSOR. Top five players occupy for a share over 18%. North America is the largest market, with a share about 36%, followed by Europe and Asia-Pacific. In terms of product type, NDIR CO2 Sensors is the largest segment, with a share over 57%. In terms of application, Residential and Commercial Security is the largest market, with a share about 50%.

Key Features:

The report on NDIR Sensors market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the NDIR Sensors market. It may include historical data, market segmentation by Type (e.g., NDIR CO2 Sensors, NDIR Methane (CH4) Gas Sensors), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the NDIR Sensors market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the NDIR Sensors market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the NDIR Sensors industry. This include advancements in NDIR Sensors technology, NDIR Sensors new entrants, NDIR Sensors new investment, and other innovations that are shaping the future of NDIR Sensors.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the NDIR Sensors market. It includes factors influencing customer ' purchasing decisions, preferences for NDIR Sensors product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the NDIR Sensors market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting NDIR Sensors market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the NDIR Sensors market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the NDIR Sensors industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the NDIR Sensors market.

Market Segmentation:

NDIR Sensors market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
NDIR CO2 Sensors
NDIR Methane (CH4) Gas Sensors
NDIR CO Sensors
NDIR Propane Gas Sensors
NDIR Refrigerant Gases Sensors
NDIR Ethylene Gases Sensors
NDIR SF6 Infrared Sensors
Others

Segmentation by application
Industrial Safety
Environmental Protection Industry
Medical Industry
Residential and Commercial Security
Power Industry
Automobile Industry
Research Institutions
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amphenol Advanced Sensors
Senseair (Asahi Kasei Microdevices)
Murata
Sensirion
MKS Instruments
Vaisala
Teledyne API
Honeywell
ELT SENSOR
E+E
Dwyer Instruments
Trane
Micro-Hybrid
Edinburgh Instruments
Alphasense
Cubic Sensor and Instrument Co.,Ltd
Nano Environmental Technology S.r.l. (N.E.T.)
Super Systems
ORIENTAL SYSTEM TECHNOLOGY INC.
smartGAS Mikrosensorik GmbH
SST Sensing Ltd
Winsen
Suzhou Promisense Co., Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global NDIR Sensors market?

What factors are driving NDIR Sensors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NDIR Sensors market opportunities vary by end market size?

How does NDIR Sensors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.