Emission Monitoring Systems Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (CEMS (Continuous Emission Monitoring System), PEMS (Predictive Emission Monitoring System)), By Component (Hardware, Software, Service), By Vertical (Oil & Gas, Cement, Chemical, Pulp & Paper, Pharmaceutical, Metal & Mining, and Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610847
- Pages : 125
The emission monitoring systems market was valued at US$3,304.043 million in 2018 and is projected to expand at a CAGR of 9.14% over the forecast period to reach US$5,582.588 million by 2024.
Industries such as cement, oil & gas, power plants, and others emit hazardous gases, impacting the environment and the health of humans, birds, and animals. Several countries have framed stringent regulation policies to protect the environment and the health of human beings. Strict regulations from the government have led to the use of emission monitoring systems (EMS) in industries. EMS help in limiting and measuring the emissions of hazardous gases by industries.
The clean air act of the U.S. authorizes Environment Protection Agency (EPA) to establish National Ambient Air Quality Standards (NAAQS) to protect public health and public welfare and to regulate emissions of hazardous air pollutants. In China, industries have to obtain a pollutant discharge permit for industrial emissions or the emission of specified hazardous and toxic atmospheric pollutants. Since, January 1, 2018, pollution discharge fees were replaced by an environmental protection tax.
The increasing importance to meet emission compliance and the improvement in the frequency and data reporting process is significantly driving the emission monitoring system market. Moreover, growing consumer awareness coupled with stringent regulation and the growth of the oil and mining industry has also contributed to the growth of the market. Geographically, the Asia Pacific region is expected to have a significant market share owing to rapid industrialization in the region.
Major industry players profiled as part of the report are Rockwell Automation Inc., ABB Ltd., Horiba Ltd., Emerson Electric, Siemens AG, General Electric, Enviro Technology Services Plc., AMETEK. Inc., and Thermo Fisher Scientific Inc.
Emission Monitoring Systems Market Scope:
| Report Metric | Details |
| Market size value in 2018 | US$3,304.043 million |
| Market size value in 2024 | US$5,582.588 million |
| Growth Rate | CAGR of 9.14% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Type, Component, Vertical, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Rockwell Automation, Inc, ABB Ltd., Horiba Ltd., Emerson Electric Co., Siemens AG, General Electric Company, Enviro Technology Services Plc., AMETEK, Inc., Thermo Fisher Scientific Inc. |
| Customization scope | Free report customization with purchase |
Segmentation:
- By Type
- CEMS (Continuous Emission Monitoring System)
- PEMS (Predictive Emission Monitoring System)
- By Component
- Hardware
- Software
- Service
- By Vertical
- Oil & Gas
- Cement
- Chemical
- Pulp & Paper
- Pharmaceutical
- Metal & Mining
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Spain
- Others
- Middle East and Africa
- Israel
- Saudi Arabia
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
The emission monitoring systems market is projected to expand at a CAGR of 9.14% over the forecast period.
Geographically, the Asia Pacific region is expected to have a significant market share owing to rapid industrialization in the region.
The emission monitoring systems market is projected to reach a market size of US$5,582.588 million by 2024.
Major industry players profiled as part of the report are Rockwell Automation Inc., ABB Ltd., Horiba Ltd., Emerson Electric, Siemens AG, General Electric, Enviro Technology Services Plc., AMETEK. Inc., and Thermo Fisher Scientific Inc.
The increasing importance to meet emission compliance and the improvement in the frequency and data reporting process are significantly driving the emission monitoring system market.
Rockwell Automation, Inc
ABB Ltd.
Emerson Electric Co.
Siemens AG
General Electric Company
Enviro Technology Services Plc.
AMETEK, Inc.
Thermo Fisher Scientific Inc.
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