Unveiling the Growth Trajectory: NDIR Market Poised to Reach $1.0 Billion by 2027
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.
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 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.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=90187624
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.
Unveiling the Growth Trajectory: NDIR Market Poised to Reach $1.0 Billion by 2027
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 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.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=90187624
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.
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