Emission Monitoring System Global Market Report 2022

Emission Monitoring System Global Market Report 2022

  • August 2022 •
  • 175 pages •
  • Report ID: 6311713 •
  • Format: PDF
Major players in the emission monitoring system market are Thermo Fisher Scientific Inc., Teledyne Technologies Inc., Rockwell Automation Inc., Siemens AG, General Electric Co., Emerson Electric Co., Ametek Inc., ABB Ltd., Environmental S.A., Opsis, Ecotech and Intertek.

The global emission monitoring system market is expected to grow from $2.82 billion in 2021 to $3.09 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The emission monitoring system market is expected to grow to $4.47 billion in 2026 at a CAGR of 9.6%.

The emission monitoring system market consists of sales of the emission monitoring system by entities (organizations, sole traders, and partnerships) that refer to the process of monitoring the emissions from the smokestacks of industrial sites such as power stations, manufacturing plants and other facilities systems can also measure air flow, flue gas, moistures.

The main types of emission monitoring systems are continuous emission monitoring systems (CEMS), and predictive emission monitoring systems (PEMS).The total equipment required to determine a gas or particulate matter concentration or emission rate using pollutant analyzer measurements and a conversion equation, graph, or computer program to produce results in units of the applicable emission limitation or standard is referred to as a continuous emission monitoring system (CEMS).

The components used are hardware, software, and service that can be used across various industries such as marine & shipping, mining, metals, pharmaceuticals, pulp & paper, building materials, chemicals, petrochemicals, refineries & fertilizers, oil & gas, power generation.

North America was the largest region in the emission monitoring system market in 2021.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, and Africa.

The emission monitoring system market research report is one of a series of new reports that provides emission monitoring system market statistics, including emission monitoring system industry global market size, regional shares, competitors with a emission monitoring system market share, detailed emission monitoring system market segments, market trends and opportunities, and any further data you may need to thrive in the emission monitoring system industry. This emission monitoring system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

Technological advancements are shaping the emission monitoring system market.Many companies are using new technologies to provide better and enhanced products to their customers.

For instance, in 2021, ABB, a Europe-based multinational company working in the end users’ sector, launched a new emissions monitoring system called CEMcaptain, designed to help shipping companies in managing compliance with the IMO emissions regulations.CEMcaptain is a multi-component analyzer system that integrates analyzer modules and sample processing components in a freestanding cabinet to deliver real-time emissions measurement data.

By regulations, the unit monitors sulfur dioxide (SO2) and carbon dioxide (CO2) concurrently and constantly. With up to four distinct components per analyzer module, each analyzer has two unique gas channels to enable continuous CO2/SO2 measurement of separate streams.

In November 2019, Ametek, a US-based manufacturer of electronics such as emission monitoring systems partnered with BAE systems for an undisclosed amount.The businesses have agreed to work together to create high-integrity inboard and outboard submarine hull penetrators, as well as other integrated systems, for Australian sovereign capabilities.

BAE Systems British multinational arms, security, and aerospace company.

The countries covered in the emission monitoring system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.