Global Emission Monitoring Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Emission Monitoring Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global emission monitoring systems market report has been segmented on the basis of type, component, industrial vertical, and region.
Global Emission Monitoring Systems Market: Overview
Industrial facilities require equipment for process control and flue gas monitoring, which are referred to as emission monitoring systems and these systems have ability to operate round the clock, even in complex environmental conditions. An emission monitoring system comprises of several components that help in determining nature, concentration, matter, or emission rate of particular pollutants. The software and measurement system helps in setting up standards or limits of the respective pollutants.
Global Emission Monitoring Systems Market: Dynamics
Rapid industrialization is among the major factors causing severe damage to the environment. Emissions of toxic pollutants from large number of industries are polluting water, air, land and the ecosystem as a whole. Various industries, especially the power plants throw out tons of dangerous gases into the environment. Various economies have recognized the negative impact of these harmful gases, and have undertaken steps to curb and monitor the emission levels. In addition, governments of various countries have made mandatory regulations and standards for industries to maintain a track of emission rates of pollutants by using emission monitoring systems (EMS). This is expected to lead to high growth of the global emission monitoring systems market over the forecast period.
High installation cost required for integration with the existing systems and lack of awareness among the populace about the possible benefits of emission monitoring systems could restrain growth of the global market over the forecast period. However, increasing emphasis on exploiting analytic solutions & emissions data in order to improve efficiency of the systems is further expected to create revenue opportunities for the global market players in the coming years.
Global Emission Monitoring Systems Market: Segment Analysis
Among the type segments, the continuous emission monitoring systems segment is expected to grow at a considerable rate over the forecast period, owing to increasing application of such systems in industries where there is a mandatory requirement for continuous monitoring of nature of pollutants and their emission rates, gas analyzers, flow, temperature, and opacity monitors, gas sampling systems, and data acquisition systems.
Among the component segments, the hardware segment is expected to account for major revenue share in the global market. This can be attributed to increasing application of these systems in hardware-based systems for operations, analyzing temperature, pressure, and other parameters.
Global Emission Monitoring Systems Market: Regional Analysis
The emission monitoring systems market in North America is expected to dominate in the global market, owing to the rising emphasis on ecological technologies and increasing government initiatives and support to curb emissions of greenhouse gases. Market in Asia Pacific is projected to be the fastest growing market over the forecast period, owing to expansion of manufacturing sector in countries in the region, mandatory standard compliance requirements, and changing regulatory practices in the region. Increasing concerns associated with the degrading air quality in China, owing to emission of harmful gases by industries is among the major factors that have resulted in the increasing adoption of emission monitoring systems. Increasing growth of processing and manufacturing industries under the “Make in India” Campaign under the initiative of the government in India is expected to further fuel growth of the emission monitoring systems market in India.
Global Emission Monitoring Systems Market Segmentation:
Segmentation by Type:
- Continuous Emission Monitoring System (CEMS)
- Predictive Emissions Monitoring System (PEMS)
Segmentation by Component:
Segmentation by Industrial Vertical:
- Power Plants & Combustion
- Petrochemicals, Refineries, & Fertilizers
- Building Materials
- Metal & Mining
- Marine & Shipping
- Waste Incineration
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Rockwell Automation
- ABB Ltd.
- Horiba Ltd.
- Emerson Electric
- Siemens AG
- General Electric
- Enviro Technology Services Plc.
- Parker Hannifin
- Teledyne Technologies
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