Emission Monitoring System Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software and Service), End User (Cement, Chemicals, Electronics, Healthcare, Marine, Power Generation) and By Geography
According to Stratistics MRC, the Global Emission Monitoring System (EMS) market is accounted for $2.60 billion in 2020 and is expected to reach $4.81 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Growing demand from oil and gas and power generation industries, high dependency of countries worldwide on coal-fired power plants to generate electricity and increased need for environmental protection are the major factors driving the market growth. However, high cost of continuous emission monitoring systems is restraining the market growth.
Emission monitoring systems are the type of devices which are used for monitoring the emission and pollutions in the environment so that the correct guidelines for emission control. It monitors the various pollutant materials from the flue gas. They are currently employed as a standard for pollution control.
Based on offering, the hardware segment accounted for considerable market share during the forecast period due to usage in both continuous emission monitoring system (CEMS) and predictive emissions monitoring system (PEMS) to collect emissions data. The CEMS functions through its hardware components, whereas the PEMS is a software-powered system and uses hardware components like sensors to predict gas emissions. Hardware-based continuous emission monitoring systems increase the demand for hardware devices as the majority of plants have installed continuous emission monitoring systems. By geography, Asia Pacific held largest market share during forecast period due to the growing power generation and chemicals -use industries, which are the key users of emission monitoring systems, in the region.
Some of the key players profiled in the Emission Monitoring System (EMS) Market include ABB Ltd., AMETEK Inc., Emerson Electric Co., General Electric Co., Parker-Hannifin Corp., Rockwell Automation Inc., Sick AG, Siemens AG, Teledyne Technologies Inc. and Thermo Fisher Scientific Inc.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
System Type, Emission Type, Offering, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
System Types Covered:
• Continuous Emission Monitoring System (CEMS)
• Predictive Emission Monitoring System (PEMS)
Emission Types Covered:
• Carbon Dioxide
• Carbon Monoxide
• Hydrogen Sulphide
• Nitrogen Oxide
End Users Covered:
• Building Materials
• Chemicals, Petrochemicals, Refineries, & Fertilizers
• Food & Beverage
• Iron & Steel
• Marine & Shipping
• Oil & Gas
• Power Generation & Combustion
• Pulp & Paper
• Waste Incineration
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Emission Monitoring System Market is majorly driven by growing demand from oil and gas and power generation industries, high dependency of countries worldwide on coal-fired power plants to generate electricity and increased need for environmental protection.
The hardware segment is growing at a highest CAGR owing to usage in both CEMS and PEMS to collect emissions data.
North America dominated with a significant market share due to the factors such as its well-established and clearly-defined regulations for controlling emissions.
Asia Pacific market is growing at a highest CAGR owing to the introduction of stringent monitoring and air quality regulations in India and China.
Key players in Emission Monitoring System Market include ABB Ltd., AMETEK Inc., Emerson Electric Co., General Electric Co., Parker-Hannifin Corp., Rockwell Automation Inc., Sick AG, Siemens AG, Teledyne Technologies Inc. and Thermo Fisher Scientific Inc.
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