Overview and Scope
An emission monitoring system is an integrated system that analyzes the presence of dust and other pollutants to monitor the emissions coming from a machine or a system.
Sizing and Forecast
The emission monitoring system market size has grown rapidly in recent years. It will grow from $3.41 billion in 2023 to $3.76 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to regulatory compliance, public awareness, industrial growth, cost reduction.
The emission monitoring system market size is expected to see strong growth in the next few years. It will grow to $5.45 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to global climate initiatives, renewable energy expansion, government incentives. Major trends in the forecast period include advancements in sensor technology, data analytics and ai integration, remote monitoring and cloud-based solutions, focus on green solutions, global collaboration for standardization, decentralized energy systems.
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Segmentation & Regional Insights
The emission monitoring system market covered in this report is segmented –
1) By System Type: Continuous Emission Monitoring System (CEMS), Predictive Emission Monitoring System (PEMS)
2) By Component Outlook: Hardware, Software, Service
3) By Industry: Marine And Shipping, Mining, Metals, Pharmaceuticals, Pulp And Paper, Building Materials, Chemicals, Petrochemicals, Refineries And Fertilizers, Oil And Gas, Power Generation
North America was the largest region in the emission monitoring system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emission monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growing demand from oil and gas and power generation industries is expected to propel the growth of emission monitoring systems market. Consumption of natural gas in India is expected to grow as it burns cleaner than fossil fuels and is easy to store. For instance, according to IBEF, an Indian Government export promotion agency, in the year 2020, crude oil production in India stood at 32.2 MMT. The production of crude oil was at 4.9 MMT in FY22 (April-May 2021) and was 30.5 MMT. India’s consumption of petroleum products grew 4.5% to 213.69 MMT during FY20. Thus, increase in the consumption of oil and natural gas is predicted to increase the demand for the emission monitoring systems going forward.
Key Industry Players
Major companies operating in the emission monitoring system market report are Thermo Fisher Scientific Inc., Teledyne Technologies Inc., Sick AG, Rockwell Automation Inc., Parker-Hannifin Corporation, Siemens AG, General Electric Company, Emerson Electric Co, AMETEK Inc., ABB Ltd., CMC Solutions LLC, Environmental SA Pvt. Ltd., Opsis AB, Ecotech Technologies Pvt. Ltd., Intertek Group plc, Analytical Technology Inc., Bacharach Inc., Beijing SDL Technology Company Limited, California Analytical Instruments Inc., Codel International Ltd., The Durag Group, E Instruments International LLC, ECO PHYSICS AG, ENVEA Société Anonyme, Fuji Electric Co. Ltd., Gasmet Technologies Oy, Horiba Ltd., KANE International Ltd., KIMO Instruments, Land Instruments International Ltd., M&C TechGroup Germany GmbH, Testo SE & Co. KGaA, Yokogawa Electric Corporation
The emission monitoring system market report table of contents includes:
1. Executive Summary
- Emission Monitoring System Market Characteristics
- Emission Monitoring System Market Trends And Strategies
- Emission Monitoring System Market – Macro Economic Scenario
- Global Emission Monitoring System Market Size and Growth
- Emission Monitoring System Market Segmentation
- Emission Monitoring System Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The Emission Monitoring System Market
- Emission Monitoring System Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Emission Monitoring System Market, Segmentation By System Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Emission Monitoring System Market, Segmentation By Component Outlook, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Emission Monitoring System Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………..
Table 74: Thermo Fisher Scientific Inc. Financial Performance
Table 75: Teledyne Technologies Inc. Financial Performance
Table 76: Sick AG Financial Performance
Table 77: Rockwell Automation Inc. Financial Performance
Table 78: Parker-Hannifin Corporation Financial Performance
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