Global Non-dispersive Infrared (NDIR) Market Regional Forecasts 2020-2027
Posted by Sonika on February 13th, 2021
Bharat Book Bureau Provides the Trending Market Research Report on “Global Non-dispersive Infrared (NDIR) Market Size study, by Gas Type (Carbon dioxide, hydrocarbons), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas) and Regional Forecasts 2020-2027 ”under Machinery & Equipment Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Non-dispersive Infrared (NDIR) Market is valued approximately USD 372 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.20 % over the forecast period 2020-2027. A non-dispersive Infrared sensor is a spectroscopic sensor which is generally used as a gas detector. In the sensor no dispersive element such as prism or diffraction grating is used to separate out the broadband light into a narrow spectrum suitable for gas sensing. The Modern NDIR sensors use Microelectromechanical systems (MEMs) or Mid IR LED sources. The growing application of these sensors in Gas Detection drives the market growth. As with the boost in the Food Processing and Storage Industry the demand for NDIR CO2 sensors increase. Food items such as Fruits, vegetables, fish and meat are packaged in efficient order to ensure their freshness through Modified Atmospheric packaging (MAP). The process includes modifying the composition of internal atmosphere of food packages which includes gases such as CO2, oxygen and nitrogen. The NDIR sensors detect the amount of CO2 in packaging which in appropriate levels extends the shelf life of fruits and vegetables. The growing demand for packaged and confectionary food items drives the market growth. As per China Food Industry Association’s internal Food Industry Summary report 2018 the food processing industry reached to USD 1.47 trillion in 2017 demonstrating an increase of 6.3% over its value from the previous year. As per Food Processing Ingredients report of 2019 the food processing industry accounted to USD 119.6 billion in 2017 with Output Food exports of USD 35.3 billion. Further, increasing demand for these sensors in the medical industry for detection of gases augments the market growth. However, intense pricing pressure resulting in decreased average selling price impedes the growth of the market over the forecast period of 2020-2027. Although, technological advancements present a lucrative opportunity for the market.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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About the AuthorSonika
Joined: January 22nd, 2019
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