Global emission monitoring system market size was valued at USD 2.21 billion in 2018 and is expected to reach USD 4.47 billion by 2026 at a CAGR of 9.19 % during the forecast period, 2019–2026.
Environmental regulatory authorities around the world has made obligatory to manufacturing industries to keep the track of pollutant emission rates using CEMS. CEMS system composed of various components which enables determination of gas or particulate matter concentration or emission rate of specific pollutants. Software and analyser measurements produce results of applicable emission limitations or standard in units. On the basis of probe mounting style, CEMS is classified in extractive or in-situ system. In extractive CEMS system, analyser and probe are differentiated and system extracts & conditions the gas sample prior sending it to analyser to determine constituents. In in-situ system, analyser is in direct contact with the flue gas expelling need for sample conditioning. CEMS are required under some of the EPA regulations for either determination of exceedances of standards or continual compliance determinations. In general, system have approval or certification at the appropriate measuring ranges by international and national certification body such as MCERTS in UK, TUV in Germany, and other regulatory authorities.
Emission monitoring system market is driven by rigorous legal and environmental regulations, increasing health and safety issues, and increased awareness about environmental protection. For instance, European Commission has developed Low Emission Zones (LEZ), within cities and towns. These zones have a stringent ban on higher emission vehicles and industries, and a higher fee is required to be paid if they enter low emission zone. Furthermore, growing urbanization, industrialization across globe particularly in emerging countries of Asia Pacific, growing vehicle fleet, and increased use of oil & gas and petrochemicals for thermal energy generation fuel the market growth. Additionally, obligating to address emission compliance and constant technological development in data reporting methodologies further augments the growth of market. Product development & innovation as well as various strategies such as mergers & acquisitions provides numerous growth opportunities for market players throughout the assessment period 2019–2026.
Global emission monitoring system market share is segmented by system type, offering, end-use industry, and region.
Based on system type, emission monitoring system market is bifurcated into constant emission-monitoring-system (CEMS) and predictive-emission-monitoring system (PEMS). CEMS is been predicted to support potential share of emission monitoring system market over the forecast period 2019–2026. Number of impositions applied by authorities and stringent regulation compliance regarding pollution monitoring across several industries has led to increase in demand for CEMSs. For instance, Central Pollution Control Board (India), has launched several reforms and acts to control environmental issues. Acts and reforms such as The Air (Prevention and Control of Pollution) act, The Environment Protection Act, and others with a major focus on reducing the hazardous after effects by industrial processes is projected to propel market.
On the basis of offerings, emission monitoring system market is segmented into hardware, software, and services. Hardware holds major share in system for collecting data. The use of hardware is determined by type of monitoring system. For illustration, CEMS has rather more reliance on hardware for operations in industries, contrarily PEMS is a software-based system and make use of hardware components for determining pressure, temperature, and other standards in industries.
Based on end-use industry, emission monitoring system market is broadly segmented into power plants & combustion, petrochemicals, refineries & fertilizers, oil & gas, chemicals, metal & mining, pulp & paper, marine & shipping, and others.
Geographically global emission monitoring system market is classified into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
Strict greenhouse gas emission regulations, advancement in technology focusing on environment sustainability solutions, and presence of strict government and regulatory bodies such as United States Environmental Protection Agency and among other are likely to support the growth of emission monitoring system market in North America.
Asia Pacific is expected to grow at significant rate during the forecast period 2019–2026 owing to increasing awareness regarding benefits, efficiency of EMS and rapidly establishing industries across the region. Rising concerns related to air quality in China is further driving the adoption of system. The growth of manufacturing and processing industries under “Make in India” program is likely to strengthen growth of market in Asia Pacific.
Latin America, and Middle East & Africa emission monitoring system market is estimated to display moderate growth over the assessment period. Growing industrial activities pertaining to oil & gas sectors particularly in the Middle Eastern & African countries tend to support growth of market in the region.
Some of the leading players operating in emission monitoring system market are
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