Emission Monitoring Systems Market worth $4.44 billion by 2025 with a growing CAGR of 9.3%

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Emission Monitoring Systems Market by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Plants & Combustion, Oil & Gas, Chemicals, Petrochemicals, Refineries, & Fertilizers), and Region - Global Forecast to 2025

(EMAILWIRE.COM, July 18, 2019 ) The emission monitoring systems market was valued at USD 2.18 Billion in 2017 and is expected to grow at a CAGR of 9.3% between 2018 and 2025. The base year used for study is 2017 and the forecast period is from 2018 to 2025. This report provides a detailed analysis of the emission monitoring systems market based on system type, offering, industry, and geography. It has been estimated that CEMS would hold a large share of the emission monitoring systems market. However, the market for PEMS is expected to grow at a high CAGR between 2018 and 2025.

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Continuous emission monitoring system is estimated to hold a large share of the emission monitoring systems market during the forecast period. CEMS is used for collecting data regarding emissions of gases from various industries such as power plants, oil & gas, chemicals, building materials, and waste incineration. Increase in the number of stringent rules and regulations regarding pollution monitoring across various industries has increased the demand for CEMSs.

Emission monitoring systems market for hardware is estimated to lead during the forecast period. The use of hardware is required for both CEMS and PEMS to collect the emissions data. Furthermore, CEMS is hardware-based emission monitoring system, which is driving the growth of hardware market as a majority of manufacturing plants have installed CEMSs.

Power plants and the combustion industry are estimated to lead the overall emission monitoring systems market between 2018 and 2025. Rapid industrialization and increasing demand for energy have contributed to growing greenhouse gas emissions, which lead to global warming, acid rain, and health hazards. Thus, the implementation of emission monitoring systems in power plants is being mandated by governments across the globe to reduce greenhouse gases and pollutants.

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APAC is expected to be the fastest-growing market for emission monitoring systems between 2018 and 2025. The growth is attributed to the rapid industrialization, growth in power generation, chemicals, and oil & gas industry is expected to fuel the demand for emission monitoring systems market in APAC. China is the leading country in the emission monitoring systems market in APAC, owing to its huge industrial sector and strict emission regulations imposed by the Chinese government. India is the fastest-growing country in APAC and focuses on addressing environmental issues and improving its environmental policies. Majority of the power in India is generated through thermal power plants, followed by renewable energy sources. Power plants emit different types of GHG or other hazardous gases. Continuous operations of these plants require approvals from government authorities for the regulation of emissions. These regulations expected to increase demand for the implementation of emission monitoring systems.

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Major players involved in the emission monitoring systems market include ABB (Switzerland), AMETEK (US), Emerson (US), General Electric (US), Siemens (Germany), Parker Hannifin (US), Rockwell Automation (US), SICK (Germany), Teledyne Technologies (US), and Thermo Fisher (US).

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