Press release
Emission Monitoring Systems Market - Oil and Gas Industry to be Key Consumer of EMS
Stringent environmental compliance and regulation enforced in different regions along with growing awareness about environmental degradation and pollution has led to strong growth of the global emission monitoring systems (EMS) market. The market is anticipated to expand at a CAGR of 7.5% during the forecast period from 2017 to 2025. The global emission Monitoring Systems market was valued at US$ 3997.8 Mn in 2017 and is expected to present an opportunity worth US$7, 1187 mn by 2025 by the end of 2025. The demand for comprehensive, cost effective, and an integrated EMS is growing across all industry verticals. Technological improvements have led to development of advance gas analyzer for better analysis of toxic substances. The growing awareness about hazards of air pollution has also resulted in a positive influence on the global market.
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Continuous Emission Monitoring Systems to Remain a Popular Choice amongst End Users
On the basis of technology, the market is segmented into predictive emission monitoring systems and continuous emission monitoring systems (CMES). In 2017, the continuous emission monitoring systems market accounted for maximum share of approximately 88.3% out of total market revenue. Growing installation of continuous emission monitoring systems across various industry verticals around the globe has led to strong opportunity for new as well as existing players to deliver efficient emission monitoring systems. CMES, presently has become the ultimate tool for emission regulation. The CEMS technology has attained international certification from various regulatory bodies including the U.S. Environmental Protection Agency, India’s Central Pollution Control Board and European environmental policies and regulation.
Asia Pacific to Remain Dominant as Manufacturers Vie for Global Presence
The emission monitoring systems market is anticipated to have a huge opportunity in Asia Pacific region and the Middle East and Africa due to fuelling industrialization as well as establishment of strong environmental regulation. In APAC region, countries such as China and Japan have laid down environmental regulation for emission control that has created demand for emission monitoring systems and continuous emission monitoring systems in particular. Furthermore, players in Asia Pacific are trying to establish a strong presence across the globe. Several regional manufacturers are focusing on offering efficient and user-friendly solutions that easily meet the end-use requirements as well as it is in accordance with the regulatory compliance. Moreover, the manufacturers are adopting partnership and acquisition strategies to proficiently compete in the regional market.
In MEA region, the booming oil and gas industry is substantially investing in installation and maintenance of emission monitoring systems specifically predictive emission monitoring systems. In North America, particularly the U.S., energy and power industry is expected to strongly adopt emission monitoring systems.
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The global emission monitoring systems market is highly fragmented, with large number of large as well as mid-level manufacturers. However, some of the major manufacturers include ABB Ltd., Babcock & Wilcox Enterprises Inc., Sick AG, Siemens AG, Emerson Electric Co., AMETEK, Inc., Durag Group and Teledyne Technologies Inc. The market is expected to witness entry of significant number of manufacturers of emission monitoring systems equipment and services thereby intensifying the competition. Other significant players in the market include Rockwell Automation Inc., General Electric, Opsis,Thermo Fisher Scientific Inc., Beijing SDL Technology Co., Ltd., ALS Limited, Parker Hannifin Corporation, Bühler Technologies GmbH, M&C TechGroup, Horiba, Yokogawa Electric Corporation, Fuji electric, Servomex, Enironnement S.A.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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