According to MarketsandMarkets "Non-dispersive Infrared (NDIR) Market with COVID-19 Impact Analysis by Gas Type (Carbon dioxide, hydrocarbons), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas), and Region - Global Forecast to 2025", The NDIR size is projected to reach USD 535 million by 2025 from an estimated USD 379 million in 2020, at a CAGR of 7.2% from 2020 to 2025.
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Driver: Increasing demand for NDIR CO2 sensors in the food processing & storage industry
Carbon dioxide (CO2) gas plays an important role in the food processing & storage industry. Food items such as fruits, vegetables, meat, and fish are packed and transported to supermarkets and hypermarkets worldwide. The packaging of such items is required to be effective enough to ensure that they remain fresh and unspoiled till consumed by the end-user. Modified atmospheric packaging (MAP) is a technique that helps improve the shelf life of fresh or minimally processed foods.
MAP involves modifying the composition of the internal atmosphere of food packages to decelerate the natural deterioration of the food product. Carbon dioxide, oxygen, and nitrogen are the three most significant gases found in modified atmosphere packaging and storage. In MAP, CO2 gas, along with oxygen of a lower concentration is used to inhibit the growth of microorganisms responsible for spoiling food items by lowering their pH levels. Proper CO2 levels help extend the shelf life of fruits and vegetables and improve the quality of storage; however, excessive CO2 concentration in the packaging of food items can lead to spoilage. Nitrogen gas is used to control humidity in the case of dried foods, thus maintaining their quality and increasing their shelf life. The ideal gas ratio for MAP for fruits and vegetables is nitrogen-90%, carbon dioxide-5%, and oxygen-5%; for fresh meat the gas mixture needs to comprise 70% oxygen and 30% carbon dioxide. Thus, to avoid spoilage of food and reduce food wastage, real-time monitoring and controlling of CO2 concentration is essential. This has led to an increased demand for low cost and reliable CO2 sensors in the food processing & storage industry.
NDIR CO2 sensors are widely used for real-time monitoring of carbon dioxide concentration in MAP due to their high accuracy, fast response, low cost, stable operation, and longer life. These sensors permit a longer transport time, minimize food wastages, and reduce other costs. Edinburgh Sensors (UK), Cubic Sensor and Instrument Co., Ltd. (China), and smartGAS Mikrosensorik GmbH (Germany) are among the leading manufacturers of highly sensitive and micro-sized CO2 sensors for the food processing & storage industry.
Restraint: Intense pricing pressure resulting in decreased average selling price (ASP)
While the widespread application of NDIR sensors in automobiles, HVAC systems, air quality monitoring systems, and anesthesia systems leads to increased shipments of these sensors, the sales growth is significantly restrained by price erosion. This is partially a result of the intense competition among the rising number of sensor manufacturers. Several companies are channeling their research & development activities toward providing cost-effective NDIR sensor solutions that use MEMS technology and developing IoT compatible sensors. This results in pricing pressure, especially for applications where NDIR sensors are used in high-volume. Consequently, manufacturers are compelled to decrease the potential price of NDIR sensors. While the reduction in ASP is beneficial for consumers, it results in shrinking profit margins for suppliers. Thus, intense pricing pressure results in a fall in the average selling price (ASP), which hampers revenue growth in the highly competitive NDIR market.
By region, the APAC NDIR market estimated to grow at the highest CAGR throughout the forecast period
In 2019, APAC held the largest share of the NDIR market. The market in the region is expected to grow at the highest CAGR from 2020 to 2025. The growth of the NDIR market in APAC can be attributed to the growing population in countries of APAC. The region houses some of the world’s highly populated countries, including Chain and India. These countries are witnessing growth in smart city projects and sales of NDIR sensors and modules. This, in turn, drives the growth of the NDIR market in APAC.
Amphenol (US), Honeywell International Inc. (US), Senseair AB (Sweden), S+S Regeltechnik GmbH (Italy), Dynament (UK), MIPEX TECHNOLOGY (Russia), Gas Sensing Solutions (UK), Nano Environmental Technology S.r.l. (N.E.T.) (Italy), Zhengzhou Winsen Electronics Technology Co., Ltd. (China), and ELT Sensor Corp. (Korea) are some of the key players in the NDIR market.
The scope of the report covers detailed information regarding major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the NDIR market. A detailed analysis of the key industry players has been carried out to provide insights into their business overviews, product offerings, and key strategies, such as product launches and developments, expansions, partnerships, and acquisitions, associated with the NDIR market.
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