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2022

Emission Monitoring System Market

Emission Monitoring System Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by End-User, by System Type : Global Opportunity Analysis and Industry Forecast, 2021-2031

SE : Electronic Systems and Devices

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Author's: Tanumoy Upadhaya & Nilay Sen | Sonia Mutreja
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The global emission monitoring system market was valued at $3.8 billion in 2021, and is projected to reach $8.7 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

Emission monitoring is the process of assessing the environmental impacts of hazardous emissions of harmful gasses to help various businesses reach their long-term sustainability goals. Emission monitoring system refers to a tool used for monitoring the emissions of various gasses including various gases in the air such as carbon dioxide, nitrogen, mercury, sulfur dioxide, carbon monoxide, hexavalent chromium and others from industrial facilities. An emission monitoring system is mainly of two types namely, continuous emission monitoring system (CEMS) and predictive emission monitoring system (PEMS).

Emission Monitoring System Market, Emission Monitoring System Industry, Emission Monitoring System Market Size, Emission Monitoring System Market Share, Emission Monitoring System Market Growth, Emission Monitoring System Market Trends, Emission Monitoring System Market Analysis, Emission Monitoring System Market Forecast, Emission Monitoring System Market Opportunity, Emission Monitoring System Market Outlook

An emission monitoring system comprises of several hardware components such as gas analyzers, filters and others along with various software solutions to record and analyze the data generated. These systems are majorly employed in industrial plants and intensively used for several industrial purposes to regulate the emission let out from those industries. The stringent regulations imposed by the governments of several nations to restrict air pollution and ensure the wellbeing of the global environment have propelled the emission monitoring system market growth.

Rise in number of coal powered power plants and surge in demand for energy generation drive the growth of the emission monitoring system industry. Moreover, stringent government regulations and standards imposed by several governments in order to minimize several health issues developed on the exposure to harmful emissions. As a result, the applications for efficient emission monitoring systems are crucial in industries.

Notable factors that positively affect the emission monitoring system market size include rise in dependency of countries worldwide on coal-fired power plants to generate electricity, and stringent regulations imposed by the government and concerned authorities to monitor and control carbon emissions. However, Growing focus on clean energy expected to hinder the growth of the emission monitoring system market share. Moreover, emerging trends toward development of coal-fired power generation plants in the developing nations are expected to offer huge market opportunities in the coming years.

Segment Overview

The emission monitoring system market is segmented into component, end-user and system type.

By Component

The market is divided into hardware and services. The hardware segment was the highest revenue contributor to the market in 2021.

Emission Monitoring System Market by Component

By End User

The end user segment is divided into industrial, energy & utilities and others. The industrial segment was the highest revenue contributor to the market in 2021.

Emission Monitoring System Market by End-User

By System Type

The PEMS segment was the highest revenue contributor to the market in 2021, and is expected to follow the same trend till 2031.

Emission Monitoring System Market by System Type

By Region

Region wise, the emission monitoring system market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global emission monitoring system industry. Major organizations and government institutions in the country are intensely putting resources into the technology.

Emission Monitoring System Market by Region

Competitive Analysis

The key players profiled in this report include as ABB Ltd, Advanced Emissions Solutions Inc., AMETEK Inc., Babcock & Wilcox Company, Baker Hughes, Emerson Electric Company, Envea Envirp & Industrial solutions ME, Fuji Electric France SAS, Horiba Ltd., Intertek Group plc., Parker Hannifin, Rockwell Automation Inc., Sick AG, Siemens AG, Teledyne Technologies Incorporated and Thermo Fisher Scientific Inc.. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their market penetration.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the emission monitoring system market analysis from 2021 to 2031 to identify the prevailing emission monitoring system market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the emission monitoring system market outlook assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global emission monitoring system market trends, key players, market segments, application areas, emission monitoring system market forecast and market growth strategies.

Emission Monitoring System Market Report Highlights

Aspects Details
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By Component
  • Hardware
  • Services
    • Service Type
      • Installation and Deployment
      • Training
      • Support and Maintenance
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By End-User
  • Industrial
  • Energy and Utilities
  • Others
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By System Type
  • CEMS
  • PEMS
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Intertek Group plc, Parker Hannifin, Sick AG, AMETEK Inc., Baker Hughes, ABB Ltd, Emerson Electric Company, Siemens AG, Horiba Ltd.,, Rockwell Automation Inc., Babcock & Wilcox Company, Envirp & Industrial solutions ME, Fuji Electric France SAS, Advanced Emissions Solutions Inc., Thermo Fisher Scientific Inc., Envea, Teledyne Technologies Incorporated

Analyst Review

According to insights of the CXOs of leading companies, the emission monitoring system market is expected to leverage high potential for industrial and energy & utilities industry verticals. The current business scenario has witnessed an increase in demand for emission monitoring systems, particularly in developing regions, owing to rise in government mandates related to pollution control and improvement of air quality. Companies in this industry have adopted various innovative techniques such as mergers and acquisitions to strengthen their business position in the competitive matrix.

The emission monitoring system market has steadily gained traction, owing to rise in demand for enhanced technologies in emission monitoring services such as integration of IoT, AI, and rise in adoption of automated measuring systems and others.

Moreover, surge in industrialization, coupled with the growth in utilization of emission analytics solutions in order to monitor emissions from the manufacturing sector are some of the additional factors anticipated to drive the market growth during the forecast period.

The key players profiled in the report include emission monitoring system market players, such as ABB Ltd, Advanced Emissions Solutions Inc., AMETEK Inc., Babcock & Wilcox Company, Baker Hughes, Emerson Electric Company, Envea Envirp & Industrial solutions ME, Fuji Electric France SAS, Horiba Ltd., Intertek Group plc, Parker Hannifin, Rockwell Automation Inc., Sick AG, Siemens AG, Teledyne Technologies Incorporated and Thermo Fisher Scientific Inc.

Author Name(s) : Tanumoy Upadhaya & Nilay Sen | Sonia Mutreja
Frequently Asked Questions?

Emission Monitoring System Market is expected to grow at 8.8 % CAGR from 2021 - 2031?

The market value of Emission Monitoring System Market by the end of 2031 is anticipated to be $ 8.65 billion.

The major players in the Emission Monitoring System Market are as ABB Ltd, Advanced Emissions Solutions Inc., AMETEK Inc., Babcock & Wilcox Company, Baker Hughes, Emerson Electric Company, Envea Envirp & Industrial solutions ME and others.

The emission monitoring system market is broadly segmented on the basis of component, end user, system type and region.

The largest regional market for Emission Monitoring System Market is the North America region.

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Emission Monitoring System Market

Global Opportunity Analysis and Industry Forecast, 2021-2031