With an anticipated increase from USD 0.7 billion in 2022 to USD 1 billion by 2027, indicating a Compound Annual expansion Rate (CAGR) of 6.0% over the forecast period of 2022 to 2027, the Non-dispersive Infrared (NDIR) Market is anticipated to experience significant expansion.
Numerous industries, including environmental monitoring, gas analysis, and automotive applications, among others, rely heavily on NDIR technology. It is a popular option for many sensing and detecting applications due to its capability to precisely measure specific gas concentrations utilising infrared radiation.
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Two key drivers are driving the significant expansion of the NDIR market. First, there is a growing requirement in the oil and gas sector to manage methane leakage, which has increased demand for NDIR gas analyzers that can precisely identify and monitor methane emissions. Second, the adoption of NDIR gas detectors in industrial settings to ensure a safe working environment is being driven by an increasing emphasis on worker safety across industries. As the NDIR Market serves crucial applications in emissions monitoring and worker safety, these considerations are considerably influencing its growth.
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 has established itself as a major participant in the NDIR market, with a sizeable share of 15% to 20% in 2022. The company's product launches and market expansions serve as examples of its organic expansion-focused growth strategy. Amphenol also understands the fragmented nature of the market and believes that strategic acquisitions have a lot of promise. This has previously been made clear by the company's acquisition of SGX Sensortech, which strengthened its position in the gas sensor market. Amphenol has successfully increased the number of NDIR sensors in its NDIR sensor line. A prominent player in the NDIR Market, the company's global reach further enables it to efficiently meet the needs of clients from all over the world.
With a strong presence in important areas like the UK, Germany, China, Taiwan, and the US, Honeywell International Inc. enjoys a significant and leading position in the NDIR market. The business offers a broad range of NDIR sensors that are suitable for use in a variety of applications, including risky and difficult situations. Targeting particular consumer categories successfully, Honeywell employs a multichannel distribution approach. The market for NDIR sensors is expected to expand rapidly as a result of ongoing technical developments, giving Honeywell more chances to solidify its position as the industry leader.
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