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Emission Monitoring System Market Size, Share Analysis, Growth, Forecast 2023-2032
Emission Monitoring System Market Report
The Business Research Company's Emission Monitoring System Global Market Report 2023 identifies Growing demand from oil and gas and power generation industries as the major driver for the emission monitoring systems market's growth in the forecast period. Consumption of natural gas in India is expected to grow as it burns cleaner than fossil fuels and is easy to store.
The global emission monitoring system market size grew from $3.11 billion in 2022 to $3.41 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The emission monitoring system market size is expected to grow to $4.89 billion in 2027 at a CAGR of 9.4%.
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Major competitors in the emission monitoring systems 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.
A key trend in the emission monitoring systems market includes technological advancements. 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.
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The emission monitoring systems market is segmented -
•By System Type: Continuous Emission Monitoring System (CEMS), Predictive Emission Monitoring System (PEMS)
•By Component Outlook: Hardware, Software, Service
•By Industry: Marine And Shipping, Mining, Metals, Pharmaceuticals, Pulp And Paper, Building Materials, Chemicals, Petrochemicals, Refineries And Fertilizers, Oil And Gas, Power Generation
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the emission monitoring systems market.
The Business Research Company's "Global Emission Monitoring System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Emission Monitoring System Market Include:
1. Executive Summary
2. Emission Monitoring System Market Characteristics
3. Emission Monitoring System Market Trends And Strategies
4. Emission Monitoring System Market - Macro Economic Scenario
5. Emission Monitoring System Market Size And Growth
……
26. Africa Emission Monitoring System Market
27. Emission Monitoring System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Emission Monitoring System Market
29. Emission Monitoring System Market Future Outlook and Potential Analysis
30. Appendix
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