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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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

Emission Monitoring System  | Coherent Market Insights

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.

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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

Emission Monitoring System  | Coherent Market Insights

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.

Rising health and safety concerns is expected to boost the global emission monitoring system market growth over the forecast period. Air pollution is one of the major global environmental problems and affects a large population across the globe. According to the World Health Organization (WHO), around 4.2 million people die every year due to air pollution, with around 91% of global population living in places where air quality exceeds WHO guideline limits. This, in turn, has increased the adoption of emission monitoring system to detect, monitor, and analyze emissions.

Furthermore, rising demand from oil & gas industries is expected to accelerate growth of the global emission monitoring market in the near future.

Key features of the study:

  • This report provides in-depth analysis of the emission monitoring system market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global emission monitoring system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ABB Ltd, Thermo Fisher Scientific Inc., AMETEK, Inc., Teledyne Technologies, and Inc. Emerson Electric Co., Sick AG, General Electric Company, Siemens AG, Rockwell Automation, Inc., and Horiba Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global emission monitoring system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global emission monitoring system market

Detailed Segmentation:

  • Global Emission Monitoring System Market, By Technology:
    • Continuous Emission Monitoring Systems (CEMS)
    • Predictive Emission Monitoring Systems (PEMS)
  • Global Emission Monitoring System Market, By Industry Verticals:
    • Oil &Gas
    • Chemicals & Fertilizers
    • Healthcare
    • Pulp & Paper
    • Energy
    • Mining
    • Others
  • Others Global Emission Monitoring System Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • ABB Ltd *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Thermo Fisher Scientific Inc.
    • AMETEK, Inc.
    • Teledyne Technologies, Inc.
    • Emerson Electric Co.
    • Sick AG
    • General Electric Company
    • Siemens AG
    • Rockwell Automation, Inc.
    • Horiba Ltd.

*Browse all the market data tables and figures on “Global Emission Monitoring System Market- Forecast to 2028”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Industry Verticals
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Emission Monitoring System Market, By Technology, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Continuous Emission Monitoring Systems (CEMS)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Predictive Emission Monitoring Systems (PEMS)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Emission Monitoring System Market, By Industry Verticals, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Oil and Gas
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Chemical and Fertilizers
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Pulp and Paper
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Energy
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Mining
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Emission Monitoring System Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Industry Verticals, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • ABB Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thermo Fisher Scientific Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AMETEK, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Teledyne Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Emerson Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sick AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Electric Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rockwell Automation, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Horiba Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Emission Monitoring System Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Increasing number of coal-powered energy plants in Asia Pacific can present lucrative growth opportunities in the market.
The 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).
Growing focus on clean energy is expected to restrain growth of the market during the forecast period.
Hardware segment to gain significant traction in the market
Stringent emission norms enforced in Europe and North America are expected to propel the market growth over the forecast period.
Major companies operating in the 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.
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