Emission Monitoring Systems Market | include ABB (Switzerland), AMETEK (US), Emerson (US)

The emission monitoring systems market is expected to be USD 2.39 billion in 2018 and is likely to reach USD 4.44 billion by 2025, at a CAGR of 9.3% between 2018 and 2025. An emission monitoring system (EMS) is a combination of hardware and software. There are two types of emission monitoring systems, namely, continuous emission monitoring systems (CEMS) and predictive emission monitoring system (PEMS). CEMS accounted for the largest share of the emission monitoring systems market. 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.

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PEMS is expected to lead the emission monitoring systems market during the forecast period. CEMS requires high capital expenditure. Thus, industries have started deploying PEMS as it is a cost-effective reliable system and incurs lower operational and maintenance costs compared with CEMS. Further, PEMS does not require on-site emergency services. PEMS has been widely accepted by legislatives bodies such as US EPA and European Environmental Agency. Based on local legislations in various countries, PEMS is used as a primary source of monitoring or as a backup of CEMS.

The emission monitoring systems market for services is expected to grow at the highest CAGR between 2018 and 2025. Emission monitoring systems require periodic maintenance and software upgrade once it is installed at a plant. Moreover, the continuous development of hardware and software leads to the requirement of training and upgradation of the system.

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The oil & gas industry is expected to lead the emission monitoring systems market during the forecast period. Various gases emitted during the extraction of oil & gas are hazardous and dangerous to the environment. Emission monitoring systems are used in the oil & gas industry to minimize emissions and measure them continuously. In the oil & gas industry, emission monitoring systems are used to gather data required for reporting emissions to government authorities. The Texas Commission on Environmental Quality has designed guidelines and set rules to control emissions from combustion devices. Furthermore, the American Petroleum Institute has designed guidelines for determining greenhouse gas emissions.

North America is the second-largest market for emission monitoring systems. Strict emission limits set by various environmental associations support the growth of the emission monitoring systems market in North America. Furthermore, the increasing focus of the US Environmental Protection Agency (EPA) on reducing emission levels in manufacturing plants is expected to drive the emission monitoring systems market growth. The U.S. EPA has defined standards, as specified in clean air laws around the world, including 40 CFR Part 60, 40 CFR Part 63, and 40 CFR Part 75, for emission monitoring systems. Some of the major companies operating in the emission monitoring systems market in North America are AMETEK (US), Emerson (US), General Electric (US), Rockwell Automation (US), and Teledyne (US).

Mr. Sanjay Gupta
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