Emission Monitoring System Market Synopsis:
Emission Monitoring System Market Size Was Valued at USD 3.52 Billion in 2023, and is Projected to Reach USD 8.58 Billion by 2032, Growing at a CAGR of 10.4% From 2024-2032.
The emission monitoring system (EMS) market consists of technologies and solutions to detect and control the amounts of emissions from industrial processes to meet environmental requirements. These systems offer continuous information on carbon dioxide, nitrogen oxides, sulphur dioxide, and particulate matter to achieve end-of-pipe air quality objectives.
The market of emission monitoring systems is continuously growing as there is an improvement in the global concern over environmental conservation and as there is an enhancement in the rules and regulations of various governments on emissions and related processes by industries. EMS has however gained popularity as organizations seek to align with and meet the requirements of the Kyoto Protocol, Paris Agreement, and other regional emission standards. EMS has been driven forward by advancements in data analytic technology, automation, and cloud technology making it possible for industries to improve their monitoring and reduce impacts to the environment. Newly industrialized nations are experiencing fast industrial development, which has compounded pollution effects and centralization’s demand for sophisticated surveillance systems.
Also, state-funded promotion and improved incentives for environmentally friendly practices have led to companies incorporating emission-checking systems into their operations as well. However, the implementation of such systems may prove costly at the start and may be problematic to small enterprises. However, the advantages of bringing its EMS into compliance with current international standards do not stop with today’s immediate gains of reduced costs and compliance; the long-term benefits of having those competitive edges secured and having safer, more sustainable industries remain significant for most businesses around the world.
Emission Monitoring System Market Trend Analysis:
Shift Toward Natural and Herbal Decongestants
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The incorporation of IoT and sophisticated analysis in the emission monitoring system market is a revolutionary factor. Easy access by IoT-enabled sensors and devices also captures fresh data, giving better precision and reliability of emissions monitoring. Surgical in communication – These systems are backed by analytics platforms that offer insights used to make proactive, effective or predictive repairs.
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Software hosted in the cloud makes it possible to track facilities located in different geographical locations and reduces the risk of non-compliance with regulatory standards. This trend is perhaps indicative of the move toward more rational sophisticated management of the environment.
Expansion Through E-commerce Channels
- Ultimately high industrialization and urbanization rates in emerging economies could be seen as a great opportunity for the EMS market. Competition from local low-cost companies is another restraint due to emerging stringent emission control policies in growth countries including China, India, and Brazil.
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The available international funding for sustainable projects while rising investments in renewable forms of energy also encourage the EMS adoption. As for the potential of demand, businesses providing solutions that perfectly fit the spheres and needs of such areas at a relatively low cost are certain to experience great benefits.
Emission Monitoring System Market Segment Analysis:
Emission Monitoring System Market Segmented on the basis of technology, and industry vertical
By Technology, the Continuous Emission Monitoring Systems (CEMS) segment is expected to dominate the market during the forecast period
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The Continuous Emission Monitoring Systems (CEMS) segment should continue to lead the market throughout the forecast period because of its utility across industries for constant emission monitoring and control. CEMS constantly and effectively monitors gases to meet regulatory requirements strictly.
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These systems are also vitally important to industries including power generation, cement production, and oil and gas to monitor emissions and manage effects on the environment, it is concluded. Continued developments in multi-component gas analyzers along with the enhancements in integrated reporting capabilities have added to the strength in the global market for CEMS.
By Industry Vertical, the Energy Mining segment is expected to hold the largest share
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The energy and mining sector is expected to have the highest market share in the EMS market because most industries release a high level of emission during power generation and mineral extraction. The governments of the various countries have therefore set high emission limits on these industries with a view of reducing their effects on the environment.
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As a result, the sector’s emission monitoring systems have been observed to enjoy a high uptake. Transition in mining and operation of power plants integrated with superior monitoring technologies has not only guaranteed the legal standards but has also tended to improve efficiency and sustainability.
Emission Monitoring System Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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The region has tightly regulated environment than any other region, the EPA rules that require emission monitoring and reporting. The presence of key players in the EMS industry and the high-level integration of advanced technologies in the United States and Canada propels the market.
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The interest in the reduction of greenhouse emissions within the region as well as the sponsorship of renewable energy projects, make emission monitoring solutions popular within the region. The governments around North America are also facilitating industries to go green through subsidy and tax exemptions thereby providing a boost to the market. It will remain the same as the industries seem to focus more in sustainable production to meet the regulatory requirements.
Active Key Players in the Emission Monitoring System Market
- ABB Ltd. (Switzerland)
- AMETEK Inc. (United States)
- Babcock & Wilcox Enterprises, Inc. (United States)
- Beijing SDL Technology Co., Ltd. (China)
- Bühler Technologies GmbH (Germany)
- CMC Solutions (United States)
- Emerson Electric Co. (United States)
- Enviro Technology Services Plc (United Kingdom)
- Fuji Electric Co., Ltd. (Japan)
- General Electric Company (United States)
- Horiba, Ltd. (Japan)
- Rockwell Automation, Inc. (United States)
- Siemens AG (Germany)
- Teledyne Technologies Incorporated (United States)
- Thermo Fisher Scientific Inc. (United States)
- Other Active Players
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Global Emission Monitoring System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.52 Billion |
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Forecast Period 2024-32 CAGR: |
10.4% |
Market Size in 2032: |
USD 8.58 Billion |
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Segments Covered: |
By Technology |
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By Industry Vertical |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Emission Monitoring System Market by Technology
4.1 Emission Monitoring System Market Snapshot and Growth Engine
4.2 Emission Monitoring System Market Overview
4.3 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS): Geographic Segmentation Analysis
Chapter 5: Emission Monitoring System Market by Industry Vertical
5.1 Emission Monitoring System Market Snapshot and Growth Engine
5.2 Emission Monitoring System Market Overview
5.3 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others: Geographic Segmentation Analysis
Chapter 6: Company Profiles and Competitive Analysis
6.1 Competitive Landscape
6.1.1 Competitive Benchmarking
6.1.2 Emission Monitoring System Market Share by Manufacturer (2023)
6.1.3 Industry BCG Matrix
6.1.4 Heat Map Analysis
6.1.5 Mergers and Acquisitions
6.2 ABB LTD. (SWITZERLAND)
6.2.1 Company Overview
6.2.2 Key Executives
6.2.3 Company Snapshot
6.2.4 Role of the Company in the Market
6.2.5 Sustainability and Social Responsibility
6.2.6 Operating Business Segments
6.2.7 Product Portfolio
6.2.8 Business Performance
6.2.9 Key Strategic Moves and Recent Developments
6.2.10 SWOT Analysis
6.3 AMETEK INC. (UNITED STATES)
6.4 BABCOCK & WILCOX ENTERPRISES INC. (UNITED STATES)
6.5 BEIJING SDL TECHNOLOGY CO. LTD. (CHINA)
6.6 BÜHLER TECHNOLOGIES GMBH (GERMANY)
6.7 CMC SOLUTIONS (UNITED STATES)
6.8 EMERSON ELECTRIC CO. (UNITED STATES)
6.9 ENVIRO TECHNOLOGY SERVICES PLC (UNITED KINGDOM)
6.10 FUJI ELECTRIC CO. LTD. (JAPAN)
6.11 GENERAL ELECTRIC COMPANY (UNITED STATES)
6.12 HORIBA
6.13 LTD. (JAPAN)
6.14 ROCKWELL AUTOMATION INC. (UNITED STATES)
6.15 SIEMENS AG (GERMANY)
6.16 TELEDYNE TECHNOLOGIES INCORPORATED (UNITED STATES)
6.17 THERMO FISHER SCIENTIFIC INC. (UNITED STATES)
6.18 OTHER ACTIVE PLAYERS
Chapter 7: Global Emission Monitoring System Market By Region
7.1 Overview
7.2. North America Emission Monitoring System Market
7.2.1 Key Market Trends, Growth Factors and Opportunities
7.2.2 Top Key Companies
7.2.3 Historic and Forecasted Market Size by Segments
7.2.4 Historic and Forecasted Market Size By Technology
7.2.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.2.5 Historic and Forecasted Market Size By Industry Vertical
7.2.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.2.6 Historic and Forecast Market Size by Country
7.2.6.1 US
7.2.6.2 Canada
7.2.6.3 Mexico
7.3. Eastern Europe Emission Monitoring System Market
7.3.1 Key Market Trends, Growth Factors and Opportunities
7.3.2 Top Key Companies
7.3.3 Historic and Forecasted Market Size by Segments
7.3.4 Historic and Forecasted Market Size By Technology
7.3.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.3.5 Historic and Forecasted Market Size By Industry Vertical
7.3.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.3.6 Historic and Forecast Market Size by Country
7.3.6.1 Russia
7.3.6.2 Bulgaria
7.3.6.3 The Czech Republic
7.3.6.4 Hungary
7.3.6.5 Poland
7.3.6.6 Romania
7.3.6.7 Rest of Eastern Europe
7.4. Western Europe Emission Monitoring System Market
7.4.1 Key Market Trends, Growth Factors and Opportunities
7.4.2 Top Key Companies
7.4.3 Historic and Forecasted Market Size by Segments
7.4.4 Historic and Forecasted Market Size By Technology
7.4.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.4.5 Historic and Forecasted Market Size By Industry Vertical
7.4.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.4.6 Historic and Forecast Market Size by Country
7.4.6.1 Germany
7.4.6.2 UK
7.4.6.3 France
7.4.6.4 The Netherlands
7.4.6.5 Italy
7.4.6.6 Spain
7.4.6.7 Rest of Western Europe
7.5. Asia Pacific Emission Monitoring System Market
7.5.1 Key Market Trends, Growth Factors and Opportunities
7.5.2 Top Key Companies
7.5.3 Historic and Forecasted Market Size by Segments
7.5.4 Historic and Forecasted Market Size By Technology
7.5.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.5.5 Historic and Forecasted Market Size By Industry Vertical
7.5.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.5.6 Historic and Forecast Market Size by Country
7.5.6.1 China
7.5.6.2 India
7.5.6.3 Japan
7.5.6.4 South Korea
7.5.6.5 Malaysia
7.5.6.6 Thailand
7.5.6.7 Vietnam
7.5.6.8 The Philippines
7.5.6.9 Australia
7.5.6.10 New Zealand
7.5.6.11 Rest of APAC
7.6. Middle East & Africa Emission Monitoring System Market
7.6.1 Key Market Trends, Growth Factors and Opportunities
7.6.2 Top Key Companies
7.6.3 Historic and Forecasted Market Size by Segments
7.6.4 Historic and Forecasted Market Size By Technology
7.6.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.6.5 Historic and Forecasted Market Size By Industry Vertical
7.6.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.6.6 Historic and Forecast Market Size by Country
7.6.6.1 Turkiye
7.6.6.2 Bahrain
7.6.6.3 Kuwait
7.6.6.4 Saudi Arabia
7.6.6.5 Qatar
7.6.6.6 UAE
7.6.6.7 Israel
7.6.6.8 South Africa
7.7. South America Emission Monitoring System Market
7.7.1 Key Market Trends, Growth Factors and Opportunities
7.7.2 Top Key Companies
7.7.3 Historic and Forecasted Market Size by Segments
7.7.4 Historic and Forecasted Market Size By Technology
7.7.4.1 Continuous Emission Monitoring Systems (CEMS) Predictive Emission Monitoring Systems (PEMS)
7.7.5 Historic and Forecasted Market Size By Industry Vertical
7.7.5.1 Oil &Gas Chemicals & Fertilizers Healthcare Pulp & Paper Energy Mining Others
7.7.6 Historic and Forecast Market Size by Country
7.7.6.1 Brazil
7.7.6.2 Argentina
7.7.6.3 Rest of SA
Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies
Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
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Global Emission Monitoring System Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 3.52 Billion |
|
Forecast Period 2024-32 CAGR: |
10.4% |
Market Size in 2032: |
USD 8.58 Billion |
|
Segments Covered: |
By Technology |
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By Industry Vertical |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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