Emission Monitoring Systems Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (CEMS (Continuous Emission Monitoring System), PEMS (Predictive Emission Monitoring System)), By Component (Hardware, Software, Service), By Vertical (Oil & Gas, Cement, Chemical, Pulp & Paper, Pharmaceutical, Metal & Mining, And Others), And By Geography - Forecasts From 2023 To 2028

The emission monitoring systems market was valued at US$3,304.043 million in 2018 and is projected to expand at a CAGR of 9.14% over the forecast period to reach US$5,582.588 million by 2024.

Industries such as cement, oil & gas, power plants, and others emit hazardous gases, impacting the environment and the health of humans, birds, and animals. Several countries have framed stringent regulation policies to protect the environment and the health of human beings. Strict regulations from the government have led to the use of emission monitoring systems (EMS) in industries. EMS help in limiting and measuring the emissions of hazardous gases by industries.

The clean air act of the U.S. authorizes Environment Protection Agency (EPA) to establish National Ambient Air Quality Standards (NAAQS) to protect public health and public welfare and to regulate emissions of hazardous air pollutants. In China, industries have to obtain a pollutant discharge permit for industrial emissions or the emission of specified hazardous and toxic atmospheric pollutants. Since, January 1, 2018, pollution discharge fees were replaced by an environmental protection tax. 

The increasing importance to meet emission compliance and the improvement in the frequency and data reporting process is significantly driving the emission monitoring system market. Moreover, growing consumer awareness coupled with stringent regulation and the growth of the oil and mining industry has also contributed to the growth of the market. Geographically, the Asia Pacific region is expected to have a significant market share owing to rapid industrialization in the region.

Major industry players profiled as part of the report are Rockwell Automation Inc., ABB Ltd., Horiba Ltd., Emerson Electric, Siemens AG, General Electric, Enviro Technology Services Plc., AMETEK. Inc., and Thermo Fisher Scientific Inc.

Emission Monitoring Systems Market Scope:

Segmentation:

• By Type 
  • CEMS (Continuous Emission Monitoring System)
  • PEMS (Predictive Emission Monitoring System)

• By Component
  • Hardware
  • Software
  • Service

• By Vertical
  • Oil & Gas
  • Cement
  • Chemical
  • Pulp & Paper
  • Pharmaceutical
  • Metal & Mining
  • Others

• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others