Emission Monitoring System Market Analysis

Emission monitoring system is a tool used to monitor flue gas for carbon monoxide, oxygen, and carbon diode to provide information for combustion control in industrial facilities. It is comprised of several components that can determine gas or particulate matter concentration or emission rate of specific pollutants. EMS software can produce results of the applicable emission limitation or standards in units. EMS is typically used in various industries such as power generation, petrochemicals, chemicals, and oil & gas.

The global emission monitoring system market is estimated to be valued at US$ 5,290.00 million in 2021 and is expected to exhibit a CAGR of 7.5% over the forecast period (2021-2028).

Recent Developments:

In Sep 2021, Emerson released its new Rosemount XE10 Continuous Emissions Monitoring System (CEMS), designed to help industrial plants meet increasingly stringent environmental regulations and evolving sustainability demands.

In May 2019, Emerson launched new hybrid laser process gas analyzer which reduces costs for continuous emissions monitoring.

For instance, in November 2019, AMETEK Land, a subsidiary of AMETEK, Inc., introduced two new continuous emission monitoring systems (CEMS) to provide accurate and reliable measurement for particulate matter in the industrial combustion process

For instance, in February 2018, Horiba India Private Limited, a subsidiary of Horiba Ltd., introduced the ENDA-5000 series, a stack gas monitor system.

Figure 1. Global Emission Monitoring System Market Value (US$ Mn), by Region, 2020

Europe held dominant position in the global emission monitoring system market in 2020, accounting for 33.7% share in terms of value, followed by Asia Pacific and North America respectively.

Market Dynamics- Drivers

Increasing dependency on coal-fired power plants to generate electricity is expected to drive growth of the global emission monitoring system market during the forecast period. Many countries are still highly dependent upon coal-powered plants to generate electricity. The coal-burning releases a vast number of airborne toxins such as sulfur dioxide, mercury, lead, nitrogen oxides, particulates, and other heavy metals. Extended exposure to these pollutants leads to harmful effects in health including breathing difficulties, brain damage, asthma, heart problems, cancer, and premature deaths. The emission monitoring system plays a crucial role in reducing the carbon emission since it determines the concentration of toxic gases or particulate matter released from the plant and other industrial operations. This, in turn, ensures that emission is limited to permitted standards.

Stringent emission norms enforced in Europe and North America are expected to propel the global emission monitoring system market growth over the forecast period. Many countries in developed regions such as North America and Europe have enforced stringent norms and standards in carbon emission. For instance, in September 2015, Euro 6 emission standards were introduced in Europe, which set maximum limitations on certain harmful gases and particulate matter a car is allowed limit including hydrocarbons and nitrogen oxides. Both petrol and diesel cars are required to follow these standards. Moreover, emerging economies such as India have enforced emission standards to curb air pollution from cars and light commercial vehicles. For instance, in April 2020 Bharat Stage VI standards were mandated by the government of India, which limited the emission of harmful gases such as nitrous oxide and particulate matter. Such standards have increased the demand for the emission monitoring system.

Emission Monitoring System Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 5,290.00 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	7.5%	2028 Value Projection:	US$ 8,843.41 Mn
Geographies covered:	North America: U.S., Canada Latin America: Brazil, Argentina, Mexico, Rest of Latin America Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe Eastern Europe: Poland, Russia, and Rest of Eastern Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:	By Technology: Continuous Emission Monitoring Systems (CEMS), Predictive Emission Monitoring Systems (PEMS) By Industry Verticals: Oil &Gas, Chemicals & Fertilizers, Healthcare, Pulp & Paper, Energy, Mining, Others
Companies covered:	ABB Ltd, Thermo Fisher Scientific Inc., AMETEK, Inc., Teledyne Technologies, Inc., Emerson Electric Co., Sick AG, General Electric Company, Siemens AG, Rockwell Automation, Inc., and Horiba Ltd
Growth Drivers:	Increasing dependency on coal-fired power plants to generate electricity  Stringent emission norms enforced in Europe and North America
Restraints & Challenges:	High cost of continuous emission monitoring systems  Growing focus on clean energy

Market Opportunities

Asia Pacific is one of the prominent emerging regions in the world that is rapidly using coal-fired power generation. Emerging economies such as China and India are among the largest users of coal-fired power generation. This, in turn, creates lucrative opportunities for key players in the emission monitoring system market. There are various regulations enforced on the control of air pollution and are becoming more stringent every year. Market players can offer novel products at competitive prices and gain a significant advantage in the market.

Oil and gas industry produces a vast amount of emission of harmful gases such as methane, sulfur dioxide, and others. The emission monitoring system can gather data required of emissions where the government can regulate the release of harmful gases. Key companies can focus on these opportunities and provide unique products to gain a competitive edge in the market.

Market Trends

Hardware emission monitoring system is expected to witness significant demand in the near future. They are used in both CEMS and PEMS to collect emissions data. PEMS is a software-based system that uses hardware components such as sensors to predict gas emissions, while CEMS functions via its hardware components. Since the majority of plants have installed continuous emission monitoring systems, the hardware system is expected to witness massive demand in the near future.

CEMS is typically used for collecting data related to emission levels of gases from various industries including chemicals, power generation, and oil & gas. Since regulations on emission have become stringent across various sectors, the demand for CEMS is expected to boost in the near future.

Figure 2. Global Emission Monitoring System Market Share, By Technology, 2020

Key Takeaways of the Graph:

• The Continuous Emission Monitoring Systems (CEMS) held dominant position in the market and accounted for 86.4% share in the global emission monitoring system market in 2020. The segment is expected to reach US$ 7,196.41 million in 2028. This is owing to increased demand of CEMS in the global market.
• In 2020, the Energy accounted for the largest share of 23.0% in the global emission monitoring market and is expected to be valued at US$ 2,425.51 million by 2028. This is owing to increasing demand of emission monitoring system in energy sector.

Market Dynamics- Restraint

High cost of continuous emission monitoring systems is expected to hamper the global emission monitoring system market growth over the forecast period. Continuous emission monitoring systems are significantly expensive in terms of procurement and deployment. It is also expensive to integrate these systems with the existing system, which poses a major challenge for the industry.

Growing focus on clean energy is expected to restrain growth of the global emission monitoring system market during the forecast period. Renewable energy has gained significant traction since the turn of the century. Many countries are making significant efforts to develop sustainable, reliable, and efficient renewable energy sources such as solar power, hydropower, wind power, and bioenergy. These energy sources are deemed to replace existing conventional energy sources. As a result of this, the world needs to rapidly shift toward a low-carbon source of energy to reduce CO2 emissions. This, in turn, eliminates the requirement of an emission monitoring system.

Competitive Section

Major companies operating in the global emission monitoring system market are ABB Ltd, Thermo Fisher Scientific Inc., AMETEK, Inc., Teledyne Technologies, Inc., Emerson Electric Co., Sick AG, General Electric Company, Siemens AG, Rockwell Automation, Inc., and Horiba Ltd.