San Francisco, 19 March,
Emission Monitoring Systems Market Size, Share
& Trends Analysis Report By Component (Hardware, Software, Service), By
Type, By End Use, By Region, And Segment Forecasts, 2019 - 2025
The global emission monitoring systems market size is expected to reach USD 4.43
billion by 2025, expanding at a CAGR of 8.6% from 2019 to 2025, according to a
new study conducted by Grand View Research, Inc. Increased deployment and usage
in oil and gas, power generation, and metals and mining industries in emerging
economies such as China and India are expected to drive the growth.
Emission Monitoring Systems
(EMS) have enabled companies to accurately detect, report, and reduce the
concentration of harmful gases and improve air quality. The deployment of EMS
has also helped regulatory agencies and departments to efficiently monitor
emissions from various industries such as oil and gas, metals and mining, and
chemical and fertilizer. Technological advancements such as predictive
analytics and the development of sensitive and advanced sensors have
significantly contributed to the growth of the emission monitoring systems
market.
Recognizing the negative
consequences of harmful gases into the atmosphere, governments across the globe
have taken major steps to monitor and reduce emission levels. Changing
regulatory framework, stringent emission standards, and improvement in the data
reporting process are also some of the significant factors driving the market
growth. Apart from these, growing investment in environmental management, along
with personnel health protection are promoting the adoption of EMS.
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Report On Emission Monitoring Systems Market Analysis:
Further key findings from the study suggest:
·
CEMS segment is expected to
expand at the highest CAGR of 8.7% over the forecast period owing to increased
adoption of these systems in oil and gas upstream and downstream
·
Development of PEMS capable of
higher accuracy in emission detection is further expected to drive the demand
and adoption of the systems by major companies in oil and gas, power
generation, and chemical and fertilizer industries
·
Hardware segment presently
leads the emission monitoring systems market and is also anticipated to be the
fastest growing segment over the forecast period. Stringent government
regulations and air quality standards by the Environmental Protection Agency
(EPA) and European Committee for Standardization of emission monitoring are
expected to have a positive influence on growth in U.S. and Europe,
respectively
·
Asia Pacific is expected to
register the highest CAGR from 2019 to 2025 due to the establishment of new
refineries and capacity enhancement of existing refineries to meet the rapidly
growing crude oil consumption
·
The key industry players
include Ametek, Inc.; ABB Ltd.; Emerson Electric Company; General Electric
Company; Horiba Ltd.; Enviro Technology Services Plc.; Fuji Electric Co., Ltd.;
Siemens AG; Thermo Fisher Scientific Inc.; and Rockwell Automation, Inc.; among
others.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has segmented the
global emission monitoring systems market based on type, component, end use,
and region.
Emission Monitoring System Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Continuous Emission Monitoring
System (CEMS)
·
Predictive Emission Monitoring
System (PEMS)
Emission Monitoring System
Component Outlook (Revenue, USD Million, 2014 - 2025)
·
Hardware
·
Software
·
Service
o
Installation & Deployment
o
Training
o
Support & Maintenance
Emission Monitoring System End
Use Outlook (Revenue, USD Million, 2014 - 2025)
·
Chemical & Fertilizer
·
Metals & Mining
·
Oil & Gas
·
Pharmaceutical
·
Power Generation
·
Pulp & Paper
·
Others
Emission Monitoring System Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
MEA
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-emission-monitoring-systems-market
https://www.grandviewresearch.com/press-release/global-emission-monitoring-systems-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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