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.
Browse full research report on Emission Monitoring Systems Market: https://www.grandviewresearch.com/industry-analysis/emission-monitoring-systems-market
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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/emission-monitoring-systems-market/request/rs1
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
- Installation
& Deployment
- Training
- 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
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- MEA
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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