Rapid industrialization is one of the main factors contributing to serious environmental damage. Toxic emissions from various industries can pollute the air, water, and land. Power plants and many other industries emit tons of harmful gases into the atmosphere.
The main factors driving market growth include strict legal and environmental regulations adopted by governments around the world, increased health and safety concerns, increased awareness of environmental protection, and increased use of oil, gas, and petrochemicals. In the continuous type system, the analyzer is mainly used to measure the emitted gases, while the software component of the system allows users to evaluate the applicable emission results. The predictive type system uses modeling software to calculate the emission rate, which is based on the controller's operating parameters and allows the user to predict emission levels. One of the key considerations from a market growth perspective is the use of these emission monitoring systems to meet the emission standards set by the government.
Recent Developments:
The outbreak and spread of COVID-19 have taken industries and businesses by surprise without giving them time to plan or protect themselves from losses. Currently, the market scenario is vague, and the size of the market can increase or decrease dramatically depending on the actions taken and the results obtained by different companies. To some extent, this pandemic has affected various industries around the world. Several countries around the world have suspended their operations to contain the spread of COVID-19. According to the International Energy Agency (IEA), the blockade measure has significantly reduced the demand for electricity from the industrial sector, thus affecting the energy mix. Reduced electricity demand has resulted in renewable energy sources accounting for a larger share of electricity supply, as their production is generally unaffected by demand, while demand for electricity produced from all the other sources, such as coal, gas, and nuclear energy, decreased. This, in turn, is expected to affect global demand in 2020 for emission monitoring systems used in power plants to determine or track emission levels. Oil and gas are one of the top industries experiencing significant losses due to the COVID-19 outbreak. The spread of this virus has forced many oil and gas companies to shut down or slow down their physical activities, affecting both upstream and downstream production. The medical, healthcare, and pharmaceutical industries are critical consumers of chemicals such as raw materials, refined reagents, solvents, and finished products, and the demand for these chemicals has increased dramatically due to the COVID 19 pandemic. Additionally, many of the chemical solutions used to fight the virus are synthetic materials for personal protective equipment (PPE), ingredients for cleaners and disinfectants, and plastics used in medical equipment such as fans and bags.
Drivers:
Rapid industrialization is one of the main factors contributing to serious environmental damage. Toxic emissions from various industries can pollute the air, water, and land. Power plants and many other industries emit tons of harmful gases into the atmosphere. An increasing number of factories are choosing CEMS that use Fourier Transform Infrared Spectroscopy (FTIR) because this technique can measure multiple gases without requiring frequent calibrations. On-site systems are also becoming more popular because they can measure ammonia gas (NH3). Multi-component products will reduce the cost of ownership with the connected world (Internet of Things solutions), and sensitive products are required due to lower emission limit values with a complete solution.
Restraints:
Renewables are fast becoming the fastest-growing source of electricity generation. Countries are striving to develop renewable energy sources such as hydroelectric power, offshore and onshore wind power, photovoltaic solar power, and bioenergy. These renewable energy sources are being used more and more due to their zero carbon emissions. Therefore, to reduce CO2 emissions and local air pollution, the world must quickly turn to low-carbon energy sources, such as nuclear and renewable technologies. Thus, hydroelectric, solar, and wind power plants produce electricity with little or no emissions, thus eliminating the need for an emissions monitoring system.
By System Type:
The continuous emission monitoring system segment is leading with the highest shares of the market. An increase in the number of strict rules and regulations regarding pollution monitoring in all industries is expected to generate a demand for CEMS.
By Offering:
The hardware segment is expected to hit the highest CAGR in the coming years. CEMS works through its hardware components, while PEMS is a software system and uses hardware components as sensors to predict gas emissions.
By Industry:
The power generation segment is anticipated to have the largest share value in the forecast period 2021-2026. The rapid growth of crude oil and natural gas infrastructure around the world, as well as various power generation facilities, is also expected to play a crucial role in driving demand for these systems during the period.
Emission Monitoring System Region-wise analysis:
Marked Segmentation based on the region:
North America is gaining traction over the shares of the market owing to rising industries along with increasing funds from government organizations. The US Environmental Protection Agency is committed to protecting public health by improving air quality and reducing air pollution. The implementation of the Clean Air Act in the United States and technological advances since then by various innovators have dramatically improved air quality in the country, as cleaner air offers significant public health benefits.
Europe is next to North America is leading the largest shares of the market with the increasing per capita income from the past few years. The rising prevalence of quality end products is leveling up the growth rate of the emission monitoring system market.
APAC is expected to maintain the largest size of the EMS market during the forecast period. China and India are the main contributors to the growth of the EMS market in the APAC region. This can also be attributed to the growth of the power generation and chemical industries, which are the main users of emissions monitoring systems in the region. COVID-19 has forced closures in APAC. Supply chains in and around APAC have been disrupted due to limited authorized transportation. Under lockdown, Asian countries suffered huge losses in business and revenue due to the closure of many manufacturing units.
a. Middle East
b. Africa
Key Players of Market:
Some of the major players in the market are ABB Ltd., Emerson Electric Co., Siemens AG, Rockwell Automation, Inc., AMETEK, Parker Hannfin, Rockwell Automation, Teledyne Technologies, CMC Solutions and Environmental S.A
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Emission Monitoring System Market, By System Type
6.1.1 Continuous Emission Monitoring System (CEMS)
6.1.2 Predictive Emission Monitoring System (PEMS)
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Emission Monitoring System Market, By Offering
6.2.1 Hardware
6.2.2 Software
6.2.3 Service
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Emission Monitoring System Market, By Industry
6.3.1 Power Generation
6.3.2 Oil & Gas
6.3.3 Chemicals, Petrochemicals, Refineries, & Fertilizers
6.3.4 Building Materials
6.3.5 Pulp & Paper
6.3.6 Pharmaceuticals
6.3.7 Metals
6.3.8 Mining
6.3.9 Marine & Shipping
6.3.10 Waste Incineration
6.3.11 Market Size Estimations & Forecasts (2021-2026)
6.3.12 Y-o-Y Growth Rate Analysis
6.3.13 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By System Type
7.2.3 By Offering
7.2.4 By Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By System Type
7.3.3 By Offering
7.3.4 By Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By System Type
7.4.3 By Offering
7.4.4 By Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By System Type
7.5.3 By Offering
7.5.4 By Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By System Type
7.6.3 By Offering
7.6.4 By Industry
8. Key Player Analysis
8.1 ABB Ltd.
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Emerson Electric Co.
8.3 Siemens AG
8.4 Rockwell Automation, Inc.
8.5 AMETEK
8.6 Parker Hannfin
8.7 Rockwell Automation
8.8 Teledyne Technologies
8.9 CMC Solutions
8.10 Environmental S.A.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
