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Emission Monitoring Systems Market By Component (Hardware, Software, Services), By System Type (Continuous, Portable, Predictive), By Technology (Gas Analyzer, Opacity And Particulate Matter Monitors, Data Acquisition And Handling Systems), By End-User Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals, Refineries And Fertilizers, Building Materials, Pulp And Paper, Pharmaceuticals,


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Emission Monitoring Systems Market By Component (Hardware, Software, Services), By System Type (Continuous, Portable, Predictive), By Technology (Gas Analyzer, Opacity And Particulate Matter Monitors, Data Acquisition And Handling Systems), By End-User Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals, Refineries And Fertilizers, Building Materials, Pulp And Paper, Pharmaceuticals,

Emission Monitoring Systems Market Valuation – 2024-2031

The tightening of environmental rules around the world is driving the growth of the Emission Monitoring Systems Market. According to the analyst from Market Research, the Emission Monitoring Systems Market is estimated to reach a valuation of USD 8.02 Billion over the forecast period 2031, subjugating around USD 3.81 Billion valued in 2023.

The growing awareness of air quality and pollution control methods drives the demand for emission monitoring systems. It enables the market to grow at a CAGR of 9.77% from 2024 to 2031.

Emission Monitoring Systems MarketDefinition/ Overview

Emission monitoring systems (EMS) are devices that measure and evaluate the emissions of pollutants, gasses, and particulate matter from industrial operations, power plants, cars, and other sources. These systems use a variety of sensors, analyzers, and data processing tools to monitor emissions of dangerous compounds such as carbon dioxide, sulfur dioxide, nitrogen oxides, and particulate matter. The information gathered by emission monitoring systems is critical for regulatory compliance, environmental impact assessments, and public health and safety.

Furthermore, these systems play an important role in assisting industries and governments in tracking and controlling emissions, allowing them to reduce environmental pollution and its negative impacts on air quality. Furthermore, emission monitoring systems aid in sustainable development initiatives by offering insights into emission trends, supporting the implementation of emission reduction strategies, and promoting cleaner production methods across many industries.

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Which are the Main Factors Driving the Market for Emission Monitoring Systems Growth?

Stricter environmental restrictions around the world are driving the Emission Monitoring Systems Market. Governments and international organizations are enacting rigorous regulations to combat air pollution and limit dangerous gas emissions such as sulfur dioxide (SO2), nitrogen oxides (NOx), and carbon dioxide (CO2). Industries such as power generation, oil and gas, chemicals, and cement are especially vulnerable, necessitating the implementation of EMS to assure compliance with environmental regulations and avoid penalties.

Stakeholders are becoming increasingly aware of the effects of industrial emissions on climate change and public health. This awareness is driving the desire for industrial processes that are both sustainable and environmentally benign. Companies are rapidly using EMS not only to meet regulatory requirements, but also to meet the expectations of consumers, investors, and other stakeholders who value environmental sustainability. This shift toward sustainability is moving the EMS market ahead as businesses strive to analyze and reduce their carbon footprint and environmental impact.

Furthermore, the incorporation of sophisticated technologies such as IoT (Internet of Things), big data analytics, and artificial intelligence (AI) into EMS improves its efficiency, accuracy, and usability. These technologies allow for real-time monitoring and analysis of emissions data, predictive maintenance, and more efficient compliance reporting. The ability to connect EMS with current industrial control systems, as well as the availability of cloud-based solutions, is driving market expansion by making these systems more accessible and affordable to a wider variety of customers.

What are the Primary Challenges Faced by the Emission Monitoring Systems Market?

The initial setup, installation, and calibration of complex EMS are expensive for firms, particularly small and medium-sized enterprises (SMEs). These systems demand a considerable initial investment in hardware, software, and specialist personnel for operation and maintenance. The continual expenditures of data management, system updates, and compliance with developing rules put additional strain on financial resources, restricting market adoption.

Furthermore, integrating EMS with existing industrial control systems and processes is complicated and technically difficult. Older facilities require extensive changes or upgrades to incorporate new monitoring technology, resulting in operating disruptions and increased expenses. Ensuring compatibility between diverse systems and technologies, as well as handling the vast volumes of data created, are important problems that necessitate specialized skills and resources, hence limiting market demand.

Category-Wise Acumens

What Factors Drive the Dominance of the Hardware Segment in the Market?

According to analysis, the hardware segment is estimated to hold the largest market share in the market during the forecast period. The backbone of any EMS is its hardware components, which include sensors, analyzers, sample probes, and data-collecting devices required for physical emissions monitoring. These components are crucial for acquiring accurate and timely environmental data. Given the essential requirement for precise emission monitoring across industries to comply with environmental standards, hardware demand is constantly high, resulting in market domination.

Continuous technical breakthroughs in sensors and analyzers, such as increased sensitivity, accuracy, and dependability, demand the update and replacement of old systems. As sectors work to satisfy higher emission requirements, the demand for more sophisticated and efficient gear grows. This cycle of innovation and replacement adds significantly to the hardware segment’s substantial market share, as businesses invest in cutting-edge technology to assure compliance and improve environmental performance.

Furthermore, accurate emission monitoring with an EMS configuration necessitates a significant upfront hardware investment. This includes not just the equipment purchase, but also the price of installation and calibration. Also, as facilities grow or regulatory requirements tighten, there is often a desire to scale up or improve hardware capabilities, which drives additional investment in this segment. The scalability aspect necessitating extra hardware for expanded coverage or increased monitoring capabilities, contributing to the hardware segment’s long-term dominance in the EMS market.

Which Variables Support the Broad Acceptance of CEMS Systems?

The continuous emission monitoring systems (CEMS) segment is estimated to dominate the Emission Monitoring Systems Market during the forecast period. CEMS are required by governments and environmental regulatory bodies for continuous, real-time monitoring and reporting of emissions in industries such as power production, oil and gas, chemicals, and manufacturing. These systems are critical for adhering to demanding environmental norms and regulations aimed at minimizing air pollution and preserving human health. The need to meet these regulatory criteria encourages the deployment of CEMS contributing to their significant market share.

CEMS delivers continuous, real-time data on the concentrations of gases and particulate matter emitted, allowing for precise and timely monitoring of emission levels. This capability is critical for industries to not only comply with requirements but also to track and improve their environmental performance over time. This capacity of CEMS to provide extensive insights into emission patterns and trends is a key driver of its adoption and market dominance.

Furthermore, sensor technology, data analytics, and IoT connectivity improvements have all had a substantial impact on continuous emissions monitoring systems. These technical advancements have improved the accuracy, dependability, and usability of CEMS, making them an essential tool for environmental monitoring and management. Furthermore, the ability to integrate CEMS with current industrial control systems for automated data gathering and analysis makes them more appealing to enterprises looking for efficient and effective emission monitoring solutions.

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Country/Region-wise Acumens

What Important Aspects Shape Asia Pacific’s Dominant Position in the Market?

According to analyst, Asia Pacific is estimated to dominate the Emission Monitoring Systems Market during the forecast period. Asia Pacific is characterized by growing industrialization and urbanization, particularly in China, India, and Southeast Asian countries. This industrial development is resulting in an increase in pollution emissions, causing governments and regulatory organizations to impose strict air quality and environmental rules. The necessity to monitor and manage emissions from diverse businesses, such as power stations, manufacturing facilities, and chemical plants, is bolstering demand for EMS in the region.

Countries in the Asia-Pacific region have implemented stringent environmental restrictions in response to rising environmental concerns and the negative effects of pollution on human health and climate change. China’s environmental protection regulations, as well as India’s National Clean Air Programme (NCAP), aim to dramatically reduce air pollution levels. These regulatory frameworks require enterprises to construct and operate pollution monitoring systems to ensure compliance with emission requirements, driving regional market growth.

Furthermore, the region’s governments, industries, and general people are increasingly conscious of the importance of environmental sustainability and the need to combat climate change. This increased awareness leads to stronger environmental policies, business sustainability programs, and investments in green technology such as EMS. Furthermore, international collaborations and agreements aimed at lowering carbon emissions are driving the development of emission monitoring technology.

How North America Influenced the Growth and Market Potential of EMS?

North America, particularly the United States and Canada, has a strong set of environmental regulations that require the monitoring and reporting of emissions from a variety of businesses. Regulations like the Clean Air Act in the United States impose rigorous standards on pollutant emissions, necessitating firms to implement EMS to comply. These regulations are constantly modified to address new environmental concerns, resulting in a continued demand for modern EMS systems that can meet high regulatory standards.

Furthermore, North America is home to some of the world’s best technology businesses and research universities, which help to develop innovative EMS solutions. The region is at the forefront of incorporating emerging technologies like the Internet of Things (IoT), artificial intelligence (AI), and big data analytics into EMS. These technology improvements improve the efficiency, accuracy, and usability of EMS, making them more appealing to enterprises seeking to improve environmental performance and compliance.

Competitive Landscape

The competitive landscape of the Emission Monitoring Systems Market is defined by a dynamic interplay of elements influenced by technical breakthroughs, regulatory frameworks, and changing environmental concerns.

Some of the prominent players operating in the Emission Monitoring Systems Market include

ABB, Siemens, Honeywell International, Thermo Fisher Scientific, Emerson Electric, Yokogawa Electric Corporation, Endress+Hauser, Mettler Toledo, Testo SE & Co. KGaA, Horiba Instruments Incorporated, GE Measurement & Control Solutions, Teledyne Technologies Incorporated, AMS, Durag Group, Bureau Veritas, TÜV SÜD, SGS, Skytron, CFA Technologies Inc., Control Instruments Corporation.

Latest Developments

  • In March 2024, Emerson Electric announced the release of its new “XE10 Continuous Emissions Monitoring System” for factory emissions monitoring. This compact and user-friendly device provides real-time emissions data, which aids in regulatory compliance and environmental sustainability.
  • In March 2024, ABB received the award as the “2023 Global Company of the Year” in the pollution monitoring systems sector by Frost & Sullivan. This award recognizes ABB’s leadership in providing innovative and dependable EMS solutions across a variety of industries.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2031

Growth Rate

CAGR of ~9.77% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • By Component
  • By System Type
  • By Technology
  • By End-User Industry
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players
  • ABB
  • Siemens
  • Honeywell International
  • Thermo Fisher Scientific
  • Emerson Electric
  • Yokogawa Electric Corporation
  • Endress+Hauser
  • Mettler Toledo
  • Testo SE & Co. KGaA
  • Horiba Instruments Incorporated
  • GE Measurement & Control Solutions
  • Teledyne Technologies Incorporated
  • AMS
  • Durag Group
  • Bureau Veritas
  • TÜV SÜD
  • SGS
  • Skytron
  • CFA Technologies Inc.
  • Control Instruments Corporation
Customization

Report customization along with purchase available upon request.

Emission Monitoring Systems Market, By Category

Component

  • Hardware
  • Software
  • Services

System Type

  • Continuous Emission Monitoring Systems
  • Portable Emission Monitoring Systems
  • Predictive Emission Monitoring Systems

Technology

  • Gas Analyzer Technologies
  • Opacity and Particulate Matter Monitors
  • Data Acquisition and Handling Systems

End-User Industry

  • Power Generation
  • Oil & Gas
  • Chemicals
  • Petrochemicals
  • Refineries & Fertilizers
  • Building Materials
  • Pulp & Paper
  • Pharmaceuticals
  • Metals
  • Mining
  • Marine & Shipping
  • Waste Incineration
  • Others

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )