Press release
Emission Monitoring Systems Market - Growth Catalysts, Market Trends And Key Players
The global emission monitoring system market can be segmented on the basis of system type, element, various industry verticals, and geographical regions. Based on system type, the market can be classified into Continuous Emission Monitoring System (CEMS) and Predictive Emission Monitoring System (PEMS). By element, the market is segmented into hardware, software and services. By various industry verticals, the market is categorized into power generation plant, oil & gas, chemicals and fertilizers, pulp and paper, pharmaceutical, cement, metal and mining, waste incineration and marine and shopping, among others. On the basis of different geographical regions, the global emission monitoring system market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In Asia Pacific, the market growth is mainly attributed to growing urbanization and industrialization in key economic regions such as South East Asia (SEA), South Asian countries and China from Northeast Asia region with more focus towards formulation and implementation of stringent gas pollutants regulations.
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The stringent environmental and legal regulations is one of the major factor bolstering the growth of global emission monitoring system market. Moreover, other factors such as growing health and safety issues, rising awareness about environmental protection needs, and growing number of chemical and oil & gas industries is expected to fuel the market demand throughout the forecast period. Oil & gas industries across the world presently prefer PEMS or CEMS for measuring and minimizing different gas emissions. Further, they use emission monitoring system in order to meet the rising strict gas turbine emission regulations. The market growth is further supported by various climate change agreements executed between nations to mitigate harmful gas emissions. The emission monitoring system market growth is currently restricted by various factors, namely high cost of CEMS which requires frequent maintenance, and greater requirement of specialist suppliers with more market fragmentation. EMS market finds high growth opportunity in various emerging economies such as China, and India, among others which are expected to embrace these solutions effusively.
Some of the key players in the global emission monitoring systems market include ABB Ltd., General Electric, Siemens AG, Rockwell Automation, Inc., Parker Hannifin Corp., Thermo Fisher Scientific Inc., Teledyne Technologies, Inc., Emerson Electric Co., CMC Solutions, LLC., Cemtrex, Inc. and JCT Analysentechnik GmbH, among others.
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