Emission Monitoring System Market

Global Emission Monitoring System Market Size (2023 to 2028)

The global emission monitoring system market is expected to grow at a CAGR of 8.8% from 2023 to 2028 and the global market is anticipated to be valued at USD 5.31 billion by 2028 from USD 3.48 billion in 2023.

Emission monitoring systems, or EMS, are highly specialized systems that are used for monitoring, analyzing, and assessing harmful toxic pollutants to ensure and maintain public health and the environment. These systems are essential in the manufacturing and power generation industries to follow local norms, government regulations, and regulatory compliance. These are complex systems that consist of different hardware, like sensors and probes, and software-based modules to accurately assess harmful toxic emissions.  The emission monitoring system is a complex set of components. Software-based emission monitoring systems include PEMS (predictive emission monitoring system), which can predict and act accordingly. These are generally cheaper as they don’t require any hardware components.

Global Emission Monitoring System Market Drivers:

Government compliance is propelling the growth of the emission monitoring system market. Government and regulatory authorities, both local and international, have put in stringent laws for the protection of public health and the environment from harmful toxic emissions from industries to keep the Chemical, power, gas, fertilizer, and other manufacturing industries in check. To ensure compliance, industries must employ and rely on these specialized systems. Several laws that have been put in place by the government have driven the market for Emission monitoring systems. Because of these laws and regulatory policies, the Emission monitoring system market has seen growth.

The growing requirement for power is further fuelling the growth of the emission monitoring system market. The increasing population and rising need for more power and raw materials in all sectors and industries are majorly driving the demand of the emission monitoring systems market growth. This has resulted in an increase in power plants and manufacturing industries to meet the demand. These industries also result in a lot of pollution and cause harm to human health as well as the environment, which makes controlling and assessing the risk even more important.

CEMS can be perfected using AI tools and automation; this will allow the system to become smart and work efficiently.

Global Emission Monitoring System Market Restraints:

High costs are a significant restraint to global market growth. The cost of installing and maintaining these systems can be expensive as they are complex systems made up of several components, and hardware and software compatibility is also present. This is a major restraint for the market for these Emission monitoring systems to work efficiently. Regular maintenance and monitoring are very expensive, especially for small industries. The PEMS system is cheaper, but the system has acceptability issues which are changing in the industry. CEMS is preferred by the industries for accurate and continuous monitoring that it provides. The growing shift towards sustainability and clean energy is further inhibiting the growth of the global market. A trend shift towards sustainability is acting as a major challenge for the emission monitoring system market. Clean energy sources like thermal, hydroelectric, and Solar energy emit very low emissions, so the need for an Emission monitoring system decreases, which is limiting the global market growth.

Impact of COVID-19 on the emission monitoring system market:

During COVID-19, there was a reduction in the activity of businesses and manufacturing industries, which led to a decline in the market for emission monitoring systems as well. Additionally, the factories were working at reduced capacity with a reduced workforce, which also had a direct impact on the market for emission monitoring systems. Asia-Pacific countries that manufacture raw materials and power were also not at their full capacity, which disrupted the global supply chain and other industries. Overall, COVID-19 had a negative effect on the market for emission monitoring systems.

REPORT COVERAGE:

This research report on the global emission monitoring system market has been segmented and sub-segmented into the following categories.

Global Emission Monitoring System Market - By Component:

• Hardware
• Software

The hardware type is leading with the dominant shares of the market, whereas the software segment is growing at a higher rate.

Global Emission Monitoring System Market - By Type:

• CEMS
• PEMS

CEMS (continuous emission monitoring System) and PEMS (predictive Emission monitoring system) are the two types of Emission monitoring systems available on the market. PEMS is a relatively recent type of system that is software-based and smarter; it's relatively new, so it’s in the growing stage, while CEMS has a bigger share of the emission monitoring system market.

Global Emission Monitoring System Market - By End User:

• Petrochemical
• Power
• Gas
• Chemicals

Chemical industries produce raw materials for many other industries, but they also produce a lot of harmful toxic emissions, which is why Emission monitoring systems are absolutely necessary for public health, the environment, and leakages. The chemical industry has a larger market size; hence, it has the biggest share in the emission monitoring system market.

Global Emission Monitoring System Market - By Region:

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus

Asia Pacific region is leading with the dominant shares of the market. Asia-Pacific countries are in the developing stage and require a lot of power and raw materials. This region has many power plants and supplies them to other parts of the world; hence, they have the highest growth in the Emission monitoring system market. Countries like China and India are pushing new projects and power plants and contributing a major portion of the emission monitoring system market. North America is next in leading the prominent share of the market. Owing to the presence of the major companies and rising investment in the industries by the government are prompting the growth rate of the market in this region.

KEY MARKET PLAYERS:

A few of the major players in the global emission monitoring system market are ABB Ltd. (Switzerland), AMETEK Inc. (US), Emerson Electric Company (US), Baker Hughes (US), Siemens AG (Germany), Parker-Hannifin (US), Rockwell Automation (US), SICK (Germany), Teledyne Technologies Inc. (US), and Thermo Fisher Scientific Inc. (US) and Enviro & Industrial Solutions (Dubai).

RECENT HAPPENINGS IN THE MARKET:

• In 2023, China plans to increase its coal power plant capacity, which will increase its share of the emission monitoring system.
• Enviro & Industrial Solutions ME recently secured a contract in April 2019 from the Dubai Electricity & Water Authority (DEWA) to provide a continuous emission monitoring system for six stacks at DEWA, Jebel Ali.