(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Emission Monitoring Systems Market by Product (Continuous Emission Monitoring System and Predictive Emissions Monitoring System), by Offering (Hardware, Software, and Services), by End-Use Industry (Power Generation, Oil & Gas, Chemicals & Fertilizers, Cement, Pulp & Paper, Pharmaceuticals, Metal & Mining, Marine & Shipping, Waste Incineration, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the global emission monitoring systems marketwas USD 2.38 billion in 2018 and is expected to reach around USD 4.44 billion by 2025, at a CAGR of 9.3% between 2019 and 2025.
Emission monitoring systems (EMS) monitor and measure a wide range of environmental pollutants, such as sulfur dioxide (SO2), nitrogen dioxide (NOx), carbon dioxide (CO2), carbon monoxide (CO), ammonia (NH3), hydrogen chloride (HCI), mercury (Hg), hydrogen fluoride (HF), sulphur hexafluoride (SF6), and methane (CH4).
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The global emission monitoring systems market is likely to experience significant growth over the upcoming years, owing to the rising demand for continuous emission monitoring systems. The implementation of emission monitoring systems in the oil and gas sector across the world is one of the most vital factors fueling the global emission monitoring systems market. However, the huge deployment cost to incorporate EMS with the existing systems may limit the growth of the emission monitoring systems market globally in the future. Alternatively, the rise in the health issues related to air pollution, particularly in developing countries will open new growth avenues for the major players of this global market. The manufacturing players are concentrating on inventive products are anticipated to open new opportunities for the market during the upcoming years.
The global emission monitoring systems market is fragmented into the product, offering, and end-use industry. On the basis of product, the global emission monitoring systems market includes a predictive emissions monitoring system and the continuous emission monitoring system. The continuous emission monitoring systems are anticipated to be the fastest growing segment in the market for emission monitoring systems over the forecast period. By offering, the global emission monitoring systems market includes hardware, software, and services. The hardware segment registered the fastest growth rate and accounted for a significant market share in 2018. By end-use industry, the global emission monitoring systems market includes power generation, oil and gas, chemicals and fertilizers, cement, pharmaceuticals, pulp and paper, metal and mining, marine and shipping, waste incineration, and others. In 2018, the oil and gas segment dominated the global emission monitoring systems market.
In 2018, the Asia Pacific region dominated the global emission monitoring systems market. This growth was mainly due to the stringent regulatory standards and safety directives across the region. Moreover, the Asia Pacific solar wind hybrid systems market is anticipated to register the fastest CAGR over the next few years, owing to the rising urbanization and growing industrialization in the region, particularly in the emerging economies of India and China.
The major players of the global emission monitoring systems market are ABB, Emerson, Ametek, Siemens, General Electric, Rockwell Automation, Parker Hannifin, Teledyne Technologies, CMC Solutions, Thermo Fisher, Enviro Technology Services, Environnement S.A., Protea, and Fuji Electric.
This report segments the global emission monitoring systems market into:
Global Emission Monitoring Systems Market: Product Analysis
- Continuous Emission Monitoring System (CEMS)
- Predictive Emissions Monitoring System (PEMS)
Global Emission Monitoring Systems Market: Offering Analysis
- Hardware
- Software
- Services
Global Emission Monitoring Systems Market: End-Use Industry Analysis
- Power Generation
- Oil and Gas
- Chemicals and Fertilizers
- Cement
- Pulp and Paper
- Pharmaceuticals
- Metal and Mining
- Marine and Shipping
- Waste Incineration
- Others
Global Emission Monitoring Systems Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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