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Showing posts with the label Non-dispersive Infrared (NDIR) Market Size

Key Drivers Behind the $965 Million Non-dispersive Infrared (NDIR) Market by 2029

The   Non-dispersive Infrared (NDIR) Market   is anticipated to experience robust growth, with its value projected to increase from USD 681 million in 2024 to USD 965 million by 2029, growing at a CAGR of 7.2% during the forecast period. This expansion is driven by the growing demand for precise and reliable gas detection across various industries, including environmental monitoring, industrial safety, and healthcare. NDIR sensors are favored for their ability to accurately measure a wide range of gases, including carbon dioxide, hydrocarbons, and volatile organic compounds (VOCs). The rising need for portable and fixed gas detection systems in response to stringent safety regulations and the increasing focus on environmental sustainability further propels the market. Additionally, advancements in NDIR technology, such as enhanced sensitivity and miniaturization, are expected to contribute to the market's growth. Download PDF Brochure @  https://www.marketsandmarkets.com/...

Exploring the Impact of Non-dispersive Infrared (NDIR) Market on Reducing Carbon Footprint

The global   Non-dispersive Infrared (NDIR) Market   is poised for significant growth in the coming years, driven by the increasing adoption of NDIR sensors across various industries. According to a recent report by MarketsandMarkets, the NDIR market is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029, growing at a CAGR of 7.2% during the forecast period .     The rising demand for NDIR gas sensors in industries such as automotive & transportation, industrial & manufacturing, food & beverages, and healthcare is fueling the market's growth. NDIR sensors are becoming increasingly popular due to their ability to accurately detect and monitor various gases, including carbon dioxide, hydrocarbons, refrigerants, and volatile organic compounds (VOCs) .  As governments worldwide implement stricter regulations to curb air pollution and ensure worker safety, the demand for NDIR solutions is expected to sur...

Global Non-Dispersive Infrared (NDIR) Market: Trends and Forecast for the Next Five Year

The   Non-Dispersive Infrared (NDIR)  Market is projected to experience steady growth, with an estimated valuation of USD 681 million in 2024, reaching USD 965 million by 2029. This represents a compound annual growth rate (CAGR) of 7.2%. The market expansion is primarily driven by the increasing adoption of NDIR sensors across various applications, including environmental monitoring, industrial safety, and HVAC systems. NDIR technology's ability to provide precise and reliable gas detection for CO2, methane, and other hydrocarbons positions it as a critical component in these sectors. Additionally, advancements in sensor technology, including miniaturization and integration with IoT platforms, are further enhancing its market appeal, ensuring robust growth over the forecast period. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 The increasing demand for Non-Dispersive Infrared (NDIR) gas sensors across industries such as automot...

NDIR Market Dynamics: Forecasting USD 965 Million by 2029

The   Non-dispersive Infrared (NDIR)   Market by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anaesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029," the market for NDIR is anticipated to reach USD 965 million by 2029, expanding at a compound annual growth rate of 7.2% over the course of the forecast period. The rise in demand for NDIR sensors across multiple industries can be attributed to their precision, dependability, and low maintenance requirements, which is fueling this increase. Gases like carbon dioxide, hydrocarbons, refrigerants, and other dangerous gases are widely detected and measured in industrial safety, environmental monitoring, automotive, and healthcare applications using NDIR technology. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 The market for Non-dispersive Infrared (NDIR) gas sensors is exp...

Non-dispersive Infrared (NDIR) Market Expansion: Trends Shaping the $965 Million

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According to a research report " Non-dispersive Infrared (NDIR) Market   by Gas Type (Carbon Dioxide, Hydrocarbons, Refrigerant, Acetylene, Ethylene, Sulphur Hexafluoride, Carbon Monoxide, Anesthetic, VOCs, Hydrogen Sulphide, Chlorine), Product (Fixed, Portable) - Global Forecast to 2029" The NDIR market is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is expected to grow at a CAGR of 7.2% during the forecast period. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 The increasing demand for NDIR gas sensors in industries like automotive & transportation, industrial & manufacturing, food & beverages etc is fuelling NDIr market growth. Restraints such as intense pricing pressure resulting in decreased average selling price hinder market growth. However, factors such as growing adoption of gas sensors in consumer electronics provide lucrative opportunities for market pla...

Charting Growth: NDIR Market Expected to Exceed $1.0 Billion by 2027

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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. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 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 ma...

Non-dispersive Infrared (NDIR) Market: Enhancing Worker Safety Across Industries

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According to predictions, the   Non-dispersive Infrared (NDIR) Market   is expected to grow significantly, rising from USD 0.7 billion in 2022 to USD 1 billion by 2027. Between 2022 and 2027, this increase is projected to occur at a Compound Annual increase Rate (CAGR) of 6.0%. Gas detection and monitoring systems in a variety of industries use NDIR technology, which is based on the idea that some gas molecules absorb infrared light. The growing need for precise and dependable gas sensing systems in essential industries including emissions control, industrial safety, and environmental monitoring is fueling the market's growth. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 The NDIR (Non-dispersive Infrared) Market technology is expanding rapidly due to a number of important considerations. The necessity of addressing methane leaks in the oil and gas sector is one of the main motivators. The use of cutting-edge technologies l...

Invisible Guardians: Non-dispersive Infrared (NDIR) Market Sensors and the Safety Revolution

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The   Non-Dispersive Infrared (NDIR) Market  is expected to develop at a strong rate over the next several years, with projections indicating a rise from USD 0.7 billion in 2022 to USD 1.0 billion by 2027, or a strong compound annual growth rate of 6.0%. Numerous causes, including the growing need for effective gas monitoring solutions, especially in the oil and gas, industrial production, and HVAC systems sectors, are driving this rise. With its reputation for precision and dependability, NDIR technology is anticipated to be essential to many applications, including HVAC, monitoring, and detection and analysis. The growing awareness of environmental rules and its implementation, which emphasise the necessity for accurate gas monitoring and analysis across all verticals, are other factors driving the market's rise. The NDIR market is well-positioned to address industry demands for increased environmental compliance and safety measures, as well as to ensure effective gas m...

Emission Control Sparks Growth: Non-dispersive Infrared (NDIR) Market at $1.0 Billion by 2027

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According to a research report " Non-dispersive Infrared (NDIR) Market   by Gas Type (Carbon dioxide, hydrocarbons,others), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global NDIR Market size is projected to grow from USD 0.7 billion in 2022  to USD 1.0 billion by 2027;  it is expected to grow at a CAGR of 6.0% from 2022 to 2027. The key factors contributing to the growth of the NDIR Market include increasing demand for NDIR CO2 sensors in the food processing & storage industry and a growing focus on worker safety across industries are among the factors driving the growth of the NDIR Market. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90187624 Others are likely to register high CAGR In 2021, the others segment which include agriculture, greenhouse, and mining held the largest share of t...