It is projected that the Non-dispersive Infrared (NDIR) Market would increase significantly, from USD 0.7 billion in 2022 to an expected USD 1.0 billion by 2027. Over the forecast period from 2022 to 2027, this growth trajectory is expected to materialise at a Compound Annual Growth Rate (CAGR) of 6.0%.

The growing need for gas detection and analysis solutions, especially in applications like HVAC systems and monitoring, is one reason for the NDIR market's rise. The market's several verticals, which include manufacturing and industrial as well as oil and gas, are anticipated to greatly contribute to this expansion, demonstrating the growing significance of NDIR technology across numerous industries globally.

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The Non-dispersive Infrared (NDIR) Market is expanding at a rapid pace due to increased demand, especially from the food processing and storage sector. The rise of the market is also being driven mostly by the emphasis on worker safety across various industries. In order to improve safety protocols at work, companies are progressively implementing NDIR technology to accurately identify and evaluate gases. The increased consciousness of safety regulations, in conjunction with the accurate and effective functions of NDIR sensors, places them in a crucial position for guaranteeing a safe working environment in a variety of industries.

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Others are likely to register high CAGR

The "others" category, which includes applications in mining, agriculture, and greenhouses, became the largest section of the NDIR market in 2021. This importance can be linked to these many businesses' growing emphasis on safety, which has prompted a greater use of NDIR sensors. Businesses are realising how important it is to safeguard vital infrastructure, preserve the environment, and guarantee worker safety. Safety standard-related mandates, particularly in North America and Europe, are serving as powerful catalysts for the industry's broad adoption of NDIR technology.

Over the course of the projection period, the "others" sector is expected to have the highest Compound Annual Growth Rate (CAGR). The industry's growing need for Non-dispersive Infrared (NDIR) solutions is primarily driven by the necessity of detecting hazardous gases, especially when mining is involved. The urgent demand for effective and dependable gas detection solutions is anticipated to be a major factor in the NDIR market's growth, guaranteeing a steady trajectory of rise in the years to come.

APAC exhibit the highest CAGR during the forecast period

The Non-dispersive Infrared (NDIR) market was dominated by the Asia-Pacific (APAC) region in 2021, with the biggest market share. Additionally, it is projected that from 2022 to 2027, the NDIR market in APAC would grow at the highest Compound Annual Growth Rate (CAGR). The population expansion in the APAC region, particularly in China and India, is blamed for this growth. The APAC NDIR market is growing at a significant rate as a result of these countries' active participation in smart city programmes and rising sales of NDIR sensors and modules.

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Monitoring to hold the highest market share by the end of 2027.

Over the course of the forecast period, the monitoring applications category is expected to display the greatest Compound Annual Growth Rate (CAGR). The primary driver of this expansion is the growing need for Non-dispersive Infrared (NDIR) sensors and modules due to their high accuracy, small size, ease of design, dependability, and affordability. These qualities make them especially useful for a range of businesses looking for effective ways to keep an eye on the quality of the air both inside and outside. The growing range of monitoring applications for NDIR technology highlights its adaptability and efficiency in meeting the demands of many sectors.

Volatile Organic Compounds (VOCs) is projected to dominate the NDIR market

By 2027, the market for volatile organic compounds (VOCs) is expected to have the most share. Due to its ability to assess ambient amounts of different "reducing gases" that are linked to poor air quality, VOC sensors are essential for monitoring both indoor and outdoor air quality. The variety of gases that fall under this category is extensive and includes aliphatic and aromatic hydrocarbons, organic acids, amines, ketones, aldehydes, and alcohols. VOCs are frequently discovered throughout the production processes of a wide range of goods, including paints, synthetic rubber, dyes, plastics, detergents, solvents, and medications. Leading companies in the VOC sensors industry, such as Senseair AB (Sweden), Sensirion AG (Switzerland), Figaro Engineering (Japan), and Alphasense Ltd. (UK), make substantial contributions to the advancement and application of cutting-edge VOC sensing technology.

The key players in this market are 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),. The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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