According to Stratistics MRC, the Global Emission Monitoring System (EMS) market is accounted for $2.60 billion in 2020 and is expected to reach $4.81 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Growing demand from oil and gas and power generation industries, high dependency of countries worldwide on coal-fired power plants to generate electricity and increased need for environmental protection are the major factors driving the market growth. However, high cost of continuous emission monitoring systems is restraining the market growth.
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Based on offering, the hardware segment accounted for considerable market share during the forecast period due to usage in both continuous emission monitoring system (CEMS) and predictive emissions monitoring system (PEMS) to collect emissions data. The CEMS functions through its hardware components, whereas the PEMS is a software-powered system and uses hardware components like sensors to predict gas emissions. Hardware-based continuous emission monitoring systems increase the demand for hardware devices as the majority of plants have installed continuous emission monitoring systems. By geography, Asia Pacific held largest market share during forecast period due to the growing power generation and chemicals -use industries, which are the key users of emission monitoring systems, in the region.
Some of the key players profiled in the Emission Monitoring System (EMS) Market include ABB Ltd., AMETEK Inc., Emerson Electric Co., General Electric Co., Parker-Hannifin Corp., Rockwell Automation Inc., Sick AG, Siemens AG, Teledyne Technologies Inc. and Thermo Fisher Scientific Inc.
System Types Covered:
• Continuous Emission Monitoring System (CEMS)
• Predictive Emission Monitoring System (PEMS)
Emission Types Covered:
• Ammonia
• Carbon Dioxide
• Carbon Monoxide
• Hydrocarbons
• Hydrogen Sulphide
• Nitrogen Oxide
• Oxygen
Offerings Covered:
• Hardware
• Software
• Service
End Users Covered:
• Building Materials
• Cement
• Chemicals, Petrochemicals, Refineries, & Fertilizers
• Electronics
• Food & Beverage
• Healthcare
• Iron & Steel
• Marine & Shipping
• Metals
• Mining
• Oil & Gas
• Pharmaceuticals
• Power Generation & Combustion
• Pulp & Paper
• Waste Incineration
• Vehicles
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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