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 health of human beings. Strict regulations of 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 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 discharged fees were replaced by an environmental protection tax.
The increasing importance to meet the 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, 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., Thermo Fisher Scientific Inc.
Segmentation
By Type
By Component
By Vertical
By Geography
North America
South America
Europe
Middle East and Africa
The clean air act of 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 discharged fees were replaced by an environmental protection tax.
The increasing importance to meet the 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, 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., Thermo Fisher Scientific Inc.
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
- United Kingdom
- Spain
- Others
Middle East and Africa
- Israel
- Saudi Arabia
- Others
- China
- Japan
- South Korea
- India
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. EMISSIONS MONITORING SYSTEMS MARKET BY TYPE
6. EMISSIONS MONITORING SYSTEMS MARKET BY COMPONENT
7. EMISSIONS MONITORING SYSTEMS MARKET BY VERTICAL
8. EMISSIONS MONITORING SYSTEMS MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- Rockwell Automation, Inc
- ABB Ltd.
- Horiba Ltd.
- Emerson Electric Co.
- Siemens AG
- General Electric Company
- Enviro Technology Services Plc.
- AMETEK, Inc.
- Thermo Fisher Scientific Inc.
Methodology
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