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Emission Monitoring Systems Market To Generate Revenue Of $4.43 Billion By 2025 With A CAGR Of 8.6% | Grand View Research Inc.

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Emission Monitoring Systems Market To Generate Revenue Of $4.43 Billion By 2025 With A CAGR Of 8.6% | Grand View Research Inc.

February 02
08:28 2021
Emission Monitoring Systems Market To Generate Revenue Of $4.43 Billion By 2025 With A CAGR Of 8.6% | Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to the report published by Grand View Research, Inc., factors such as growing stringent government regulations in Oil & Gas industry on the need for deployment of Emission Monitoring Systems and the ever-growing demand in Oil & Gas industry are expected to propel the market towards betterment in growth prospects.

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.

Several technological advancements including the novel predictive analytics and the development of multiple sensitive and advanced sensors have been a crucial driving factor in the market growth. These advancements and increasing deployment of EMS have enabled the companies accurately detect, report, and reduce the concentration of harmful gases and check the air pollution on their end. Regulatory agencies have also been benefited by the deployment of EMS, as it has helped the agencies in efficiently monitoring emissions from several industries.

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.

Increasing investments from the major key players, in R&D projects and establishment of production infrastructure to develop and offer PEMS has also been some of the highlights in the market. Some of the major key 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.

U.S. emission monitoring systems market size, by component, 2014 - 2025 (USD Million)

Further key findings from the study suggest:

  • EMS market is extremely competitive with major companies continuously trying to outdo others and provide the best services to consumers. In that context, recently it was announced by Emerson that its new hybrid laser process gas analyzer reduced costs for continuous emissions monitoring. Optimized for cold and dry applications running at ambient pressure, the Rosemount CT4400 analyzer offered the benefits of QCL/TDL technology, including high sensitivity, accuracy, improved stability, and low-drift performance.

  • Product launches form a major part of the expansion strategy for the key players. For instance, in October 2019, AMETEK Land launched two new continuous emission monitoring systems (PM-CEMS) to provide accurate and reliable measurement of particulate matter from industrial combustion processes in stacks and ducts.

  • On the basis of type, 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

  • On the basis of components, the 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

  • On the basis of region, 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

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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

Have Any Query? Ask Our Experts for More Details on Report:

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About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States

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