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Continuous Emission Monitoring System Market Trends, Top Companies, Share, Growth And Forecast 2033
Continuous Emission Monitoring System Market Trends
As per the report, the continuous emission monitoring system market size has grown strongly in recent years. It will grow from $2.60 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The continuous emission monitoring system market size is expected to see strong growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Impact Of Rapid Industrialization On The Continuous Emission Monitoring System Market
Rapid industrialization is expected to propel the continuous emission monitoring system market going forward. Industrialization is the process of economic and social transformation through the development of industries and mass production. Rapid industrialization is spurred by the opportunities presented by increased global trade and interconnectedness, allowing countries to specialize in manufacturing specific goods and participate in global value chains. Continuous emission monitoring systems assist industries in effectively monitoring and mitigating their environmental footprint and meeting the demands of rapid industrialization. CEMS provides industries with valuable data on emission levels, allowing them to identify sources of pollution and assess the effectiveness of pollution control measures. For instance, in March 2024, according to the Federal Reserve Bank, a US-based central bank, manufacturing output increased by 0.8% in February 2024, compared to January of the same year. Furthermore, in July 2023, according to Eurostat, a Luxembourg-based government statistical agency, industrial output in the European area witnessed a 0.2% increase. Moreover, a 0.1% increase was reported in the European Union during the period between May and April 2023. Therefore, rapid industrialization is driving the growth of the continuous emission monitoring system market.
Advancements In Multi-Component Analyzers In The Continuous Emission Monitoring System Market
Major companies operating in the continuous emission monitoring system market are focusing on developing advanced systems, such as multi-component analyzers, to gain a competitive edge in the market. Multi-component analyzers refer to sophisticated instruments designed to simultaneously measure and analyze multiple pollutants or components present in industrial emissions. These are used to quantify the concentrations of various pollutants present in emission streams, such as nitrogen oxides (NOx), sulfur dioxide (SO2), carbon monoxide (CO), and more. For instance, in February 2021, ABB, a Switzerland-based automation machinery manufacturing company, launched CEMcaptain, a new emissions monitoring system and an advanced multi-component analyzer system designed for monitoring emissions in real-time. The system facilitates simultaneous and uninterrupted monitoring of sulfur dioxide and carbon dioxide, adhering to regulatory guidelines. Each analyzer module is equipped with dual gas paths, enabling the continuous monitoring of sulfur dioxide or carbon dioxide in separate streams, with the capability of analyzing up to four different components per module.
The continuous emission monitoring system market covered in this report is segmented -
1) By Component: Gas Analyzers, Sample Probes, Data Acquisition System, Software Solutions, Other Components
2) By Technology: Extractive Continuous Emission Monitoring System (CEMS), Dilution Continuous Emission Monitoring System (CEMS), In-Situ Continuous Emission Monitoring System (CEMS)
3) By End-Use Industry: Power Generation, Oil And Gas, Chemical, Manufacturing, Cement, Other End Use Industries
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Major companies operating in the continuous emission monitoring system market are Siemens AG, Thermo Fisher Scientific Inc., Honeywell International Inc., ABB Ltd., Parker-Hannifin Corporation, Emerson Electric Co., AMETEK Inc., Teledyne API, Yokogawa Electric Corporation, Endress+Hauser AG, Horiba Ltd., SICK AG, Testo SE & Co. KGaA, Fuji Electric Co. Ltd., Durag GROUP, Opsis AB, Gasmet Technologies Oy, ENOTEC GmbH, ENVEA Group, CODEL International Ltd., Unisearch Associates Inc., M&C TechGroup, Nova Analytical Systems Inc., Chromatotec Group, Ecotech Pty Ltd.
Contents of the report:
1. Executive Summary
2. Continuous Emission Monitoring System Market Report Structure
3. Continuous Emission Monitoring System Market Trends And Strategies
4. Continuous Emission Monitoring System Market - Macro Economic Scenario
5. Continuous Emission Monitoring System Market Size And Growth
…..
27. Continuous Emission Monitoring System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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