According to a new report, published by KBV research, The Global Non-dispersive Infrared (NDIR) Market size is expected to reach $1.2 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The Portable segment is generating the highest revenue in the Global Non-dispersive Infrared (NDIR) Market by Product Type in 2023; thereby, achieving a market value of $793.6 million by 2031. In emergency response situations and various industries, including oil and gas, agriculture, mining, and construction, portable NDIR gas detectors are frequently employed. These detectors are lightweight and easy to carry, allowing workers to quickly assess gas levels in different locations and environments.
The HVAC segment is experiencing a CAGR of 8.2% during (2024 - 2031). The global construction industry is experiencing growth, particularly in the residential and commercial sectors. As new buildings are constructed, there is a growing demand for HVAC systems to provide comfortable and healthy indoor environments. Increasing regulations and standards related to indoor air quality and energy efficiency are driving the adoption of NDIR technology in HVAC systems. NDIR sensors help HVAC systems comply with these regulations by providing accurate and reliable monitoring of indoor air quality parameters.
The Carbon Dioxide segment is leading the Global Non-dispersive Infrared (NDIR) Market by Gas Type in 2023; thereby, achieving a market value of $449.7 million by 2031. NDIR CO2 sensors are also used in building automation systems to optimize ventilation and HVAC systems for energy efficiency. Structures have the potential to enhance overall efficiency and decrease energy consumption by implementing ventilation rate adjustments that are contingent upon indoor air quality and occupancy levels. Thus, the demand for NDIR technology for CO2 detection will continue growing as industries and consumers increasingly prioritize environmental sustainability, health, and safety.
The Industrial & Manufacturing segment is registering a CAGR of 5.3% during (2024 - 2031). This is primarily due to its efficiency in gas detection and monitoring applications. Monitoring gas levels helps prevent accidents and protects workers from exposure to hazardous gases, which can be harmful or even fatal in high concentrations. Numerous sectors are obligated to monitor and regulate gas emissions in accordance with environmental and safety regulations.
Full Report: https://www.kbvresearch.com/non-dispersive-infrared-market/
The Asia Pacific region dominated the Global Non-dispersive Infrared (NDIR) Market by Region in 2023; thereby, achieving a market value of $425.3 million by 2031. The Europe region is anticipating a CAGR of 6.9% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 6.7% during (2024 - 2031).
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