Emission Monitoring Systems Market:
Growth opportunities in the emission monitoring systems market look promising over the next six years. This is mainly due to the Increasing health and safety concerns, a surge in demand from oil & gas and petrochemical industries, and rising concern about environmental protection.
Emission Monitoring Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting concern towards safety and health, increase in demand from oil and petrochemical industries, strict environmental and legal laws, and the response to growing apprehension about environmental protection are the drivers stimulating the emission monitoring market’s growth. Also, factors like expanding awareness among the government to minimize environmental pollution, surging investment, and initiatives to prevent climate changes will strengthen the market. Leading companies throughout the world are emphasizing the incorporation of artificial intelligence technology to minimize toxic material emissions. Moreover, the growing demand for advanced products will allow manufacturers to produce innovative products, which is thereby expected to stimulate the market demand. However, the huge cost associated with CEMS for frequent maintenance may obstruct the market growth.
Industry Segment Drivers
Based on the industry, oil & gas are predicted to grow at a higher CAGR during the forecast period. This is owing to the rising penetration of EMS in the oil & gas industry to collect emission data to report emission information to government authorities. The assessment of oil and gas is a costly and risky process, involving skilled engineers, high capital, and approvals from different government authorities. Moreover, the emission monitoring system is used in the oil & gas industry to examine and minimize the discharge of harmful gases emitted at the time of mining oil & gas. Also, stringent government norms to monitor gas data emanation from the oil & gas industry will propel the market demand.
Regional Drivers
Based on the regional coverage, Asia-pacific is anticipated to witness a higher CAGR over the forecast period owing to the escalating power, chemical, and oil & gas generation. China occupies the major share in the Asia-Pacific emission monitoring system market because of the prevalence of various industries and the Chinese government’s rigorous emission regulations. In addition to this, India is also improving its environmental policies and largely focusing on environmental issues. In India, the power is primarily generated using renewable energy sources and thermal power plants. The harmful gases emitted by these power plants and government authorities’ acceptance to regulate these emissions have raised the demand for emission monitoring systems.
Emission Monitoring Systems Market’s leading Manufacturers:
- Enviro Technology Services and AMETEK Land
- CMC Solutions, LLC
- Teledyne Technologies
- Parker-Hannifin Corporation
- Siemens AG
- General Electric
- Environnement S.A.
- Thermo Fisher Scientific
- Sick AG
- Emerson Electric Co.
- ABB
- Schneider Electric SE
Emission Monitoring Systems Market Segmentation:
Segmentation by Offering:
- Hardware
- Gas Analyzer
- Gas Sampling System
- Flow and Opacity Monitors
- Sample Probe
- Sample Line
- Filter
- Software
- Services
- Installation
- Training
- Maintenance
Segmentation by Emission Type:
- Oxygen
- Carbon Monoxide
- Carbon Dioxide
- Ammonia
- Hydrogen Sulphide
- Nitrogen Oxide
- HyDROCarbons
Segmentation by Industry:
- Power Plants & Combustion
- Oil & Gas
- Chemicals, Petrochemicals, Refineries, & Fertilizers
- Building Materials
- Pulp & Paper
- Pharmaceuticals
- Metal
- Mining
- Marine and Shipping
- Waste Incineration
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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