Emission Monitoring Systems Market
The Emission Monitoring Systems Market was estimated at USD 2,500 Million in 2018 and is projected to expand at a CAGR of 8.5% over the forecast period (2019-2026).
The factors driving the growth of Emission Monitoring Systems Market includes high reliance on coal power plants to generate electricity, emerging need to monitor the emissions level around the world and increasing use of emission monitoring systems in the end-use industries such as Pharmaceuticals, Iron and Steel and Textile. Moreover, the increase in the number of respiratory diseases such as pneumonia and lung cancer due to air pollution, growing consumption of crude oil across the globe and strict regulations imposed by Governments to control the emission levels, are some of the additional factors supplementing the Emission Monitoring Systems Market size. According to the report published by World Health Organization, Asthma affected around 262 million people worldwide in 2019 and caused 455,000 deaths during the same year, which is alarming the Governments all over the world, to adopt emissions monitoring systems. In addition, the rising disposable incomes, rapid industrialization, integration of Artificial Intelligence (AI) and increasing investments by the leading players on research and development, are further propelling the market growth.
However, the growth of Emission Monitoring Systems Market is hindered due to rising emphasis on using renewable energy.
The major players operating in the market are Teledyne Technologies, Inc., Thermo Fisher Scientific, CMC Solutions, LLC, Schneider Electric SE, General Electric, ABB, Siemens AG, Environnement S.A., Enviro Technology Services, AMETEK Land, Emerson Electric Co., Parker-Hannifin Corporation and Sick AG, among others.
Offering: Segment Analysis
As per the Emission Monitoring Systems Market Trends, the hardware segment is projected to capture the largest market share during the forecast period. The growing focus on reducing the emissions of harmful gases and increasing number of manufacturing plants, are some of the factors augmenting the growth of the segment.
Industry: Segment Analysis
Based on Industry, the Oil & Gas segment is anticipated to expand at a faster CAGR over the forecast period. The increasing energy consumption and rise in the harmful gases from mining of oil & gas and strict regulations imposed by Governments for monitoring emissions levels, are some of the key factors responsible for the segment’s growth.
Region: Segment Analysis
Based on region, the Asia-pacific region is estimated to capture a sizeable market share during the forecast period. The presence of the leading players, rising environmental concerns regarding climate change, high population, and rapid industrialization in the last two decades, are influencing the market growth in Asia Pacific.
Market Segmentation
Global Emission Monitoring Systems Market by System Type
- Continuous Emission Monitoring System (CEMS)
- Predictive Emission Monitoring System (PEMS)
Global Emission Monitoring Systems Market by Offering
- Hardware
- Gas Analyzer
- Gas Sampling System
- Flow and Opacity Monitors
- Sample Probe
- Sample Line
- Filter
- Software
- Services
- Installation
- Training
- Maintenance
Global Emission Monitoring Systems Market by Emission Type
- Oxygen
- Carbon Monoxide
- Carbon Dioxide
- Ammonia
- Hydrogen Sulphide
- Nitrogen Oxide
- HyDROCarbons
Global Emission Monitoring Systems Market by Industry
- Power Plants & Combustion
- Oil & Gas
- Chemicals, Petrochemicals, Refineries, & Fertilizers
- Building Materials
- Pulp & Paper
- Pharmaceuticals
- Metal
- Mining
- Marine and Shipping
- Waste Incineration
Global Emission Monitoring Systems Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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