Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.04 Billion | USD 6.81 Billion | 9.50% | 2023 |
The global emission monitoring systems market size was worth around USD 3.04 billion in 2023 and is predicted to grow to around USD 6.81 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.50% between 2024 and 2032.
The report on the emission monitoring systems market provides a comprehensive glance on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).
Emission monitoring systems (EMS) are combined software and hardware for determining the concentration levels of particulate matter or gases that are emitted from various industrial applications. These systems are generally incorporated with a data acquisition system.
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 system (CEMS) in process and distinct businesses. The rise in awareness levels about environmental protection needs among various end-user industries is also expected to fuel the global emission monitoring systems market over the forecast time period. Additionally, rapid industrialization and rising number of stringent legal and environmental regulations agencies by various governments across the globe are expected to further drive the global emission monitoring systems market in the years to come. 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 concerns related to air pollution, particularly in developing countries will open new growth avenues for the major players of this global market.
The complete study covers the key drivers and restraints of the emission monitoring systems market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the emission monitoring systems market on a global level.
In order to offer the users of this report, a comprehensive read of the emission monitoring systems market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces Model for the emission monitoring systems market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked to support their market size, growth rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the emission monitoring systems market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.
The study provides a crucial view of the emission monitoring systems market by segmenting it based on the product, offering, end-user industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of product, the global emission monitoring systems market includes predictive emissions monitoring system and 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 2023.
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 2023, the oil and gas segment dominated the global emission monitoring systems market.
Report Attributes | Report Details |
---|---|
Report Name | Emission Monitoring Systems Market Research Report |
Market Size in 2023 | USD 3.04 billion |
Market Forecast in 2032 | USD 6.81 billion |
Growth Rate | CAGR of 9.50% |
Number of Pages | 110 |
Key Companies Covered | 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. |
Segments Covered | By Product, By Offering, By End-Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
In 2023, 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 in the global emission monitoring systems market are:
Global Emission Monitoring Systems Market: Product Analysis
Global Emission Monitoring Systems Market: Offering Analysis
Global Emission Monitoring Systems Market: End-Use Industry Analysis
Global Emission Monitoring Systems Market: Regional Analysis
FrequentlyAsked Questions
Emission monitoring systems (EMS) are combined software and hardware for determining the concentration levels of particulate matter or gases that are emitted from various industrial applications.
According to study, the Emission Monitoring Systems Market size was worth around USD 3.04 billion in 2023 and is predicted to grow to around USD 6.81 billion by 2032.
The CAGR value of Emission Monitoring Systems Market is expected to be around 9.50% during 2024-2032.
Asia pacific has been leading the Emission Monitoring Systems Market and is anticipated to continue on the dominant position in the years to come.
The Emission Monitoring Systems Market is led by players like 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.
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