Emission Monitoring System Market by System Type (Continuous Emission Monitoring System, Predictive Emission Monitoring System), Component (Hardware, Services, Software), End-User - Global Forecast 2024-2030

Emission Monitoring System Market by System Type (Continuous Emission Monitoring System, Predictive Emission Monitoring System), Component (Hardware, Services, Software), End-User - Global Forecast 2024-2030

The Emission Monitoring System Market size was estimated at USD 6.51 billion in 2023 and expected to reach USD 6.99 billion in 2024, at a CAGR 7.51% to reach USD 10.82 billion by 2030.

The emission monitoring system (EMS) is used to monitor and measure the release of pollutants into the environment. This system monitors the levels of oxygen, carbon monoxide, and carbon dioxide in flue gas, which occurs due to combustion in industrial processes, and ensures that companies and industries comply with environmental regulations and standards. The monitoring process involves using sensors and instruments that measure the concentration of pollutants in the emissions. The data collected from this monitoring system can be used to identify areas where pollution control measures need to be improved and to track the effectiveness of existing pollution control technologies. Environmental awareness and concerns about climate change are driving demand for the EMS system. The awareness of the environmental consequences of industrial activities is increasing, highlighting the importance of reducing emissions to address the adverse impacts of climate change. The increase in power generation & chemical industries boosts the deployment of the emission monitoring system across the industries. Furthermore, it is difficult for small industries and businesses to invest in EMS due to the high cost of the emission monitoring system. Ongoing technological advancements in continuous and predictive emissions monitoring and a rising number of industries create lucrative opportunities for the emission monitoring system market growth.

Regional Insights

The Environmental Protection Agency of the Americas issues various guidelines and enforces rules and regulations to curb excessive pollution. The U.S. and Canada play a considerable role in environmental pollution owing to comprehensive industrial development, massive oil & gas exploration, and technological revolution. Government agencies are imposing hefty fines on emission violations against the emission secretions from power plants and chemical factories. Therefore, industries are adopting a continuous emission monitoring system to monitor and control gas emissions. Europe is acting sternly to mitigate the ever-increasing GHG and drafting harsh policies to reduce carbon emissions. The increasing adoption of the emission monitoring system across the automotive industry and the rising concern about environmental degradation are expected to propel market growth. The Asia-Pacific represents significant growth in the emission control system market owing to massive progress across the region. Additionally, a continuous initiative by the Government of India under the Make in India scheme expanded business opportunities. In China, the government is pushing for new projects, and private entities are investing owing to the high market potential, which is escalating the market growth of the emission monitoring system. The oil-rich nations' increasing demand for hydrocarbons has enlarged the production of oil and gas, which deteriorates the quality of the environment across EMEA. Moreover, industrial processes in the Middle East and Africa have put forward specific guidelines for establishing, applying, maintaining, and reviewing of the performance of the continuous emission monitoring system.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Emission Monitoring System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Need for environmental protection due to increasing emission rates in economies
    • Accelerating adoption of emission monitoring system from power generation and chemical industries
    • Government initiatives for the development of novel emission monitoring systems
    • Market Restraints
      • High lifecycle cost of continuous emission monitoring systems
      • Market Opportunities
        • Developments in continuous and predictive emissions monitoring systems for VOC emission
        • Market Challenges
          • Loosely defined industry regulations for emission monitoring systems
          • Market Segmentation Analysis
            • System Type: Significant penetration of Continuous Emission Monitoring System (CEMS) across the industrial sector
            • Component: Increasing deployment of emission monitoring software due to enhanced flexibility of integrating with enterprise infrastructures
            • End-User: Rising applications of emission monitoring systems in chemical & fertilizer industries
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Emission Monitoring System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Emission Monitoring System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • ABB to push boundaries of methane emissions monitoring with funding from U.S. Department of Energy
              
              The Emission Monitoring System ABB has been granted funding by the U.S. Department of Energy and NETL for the development of an Integrated Methane Monitoring Platform. This project has a total value of USD 1 million. The main objective of this platform is to aggregate, analyze, and visualize data related to methane emissions.
              
              Hyundai Motor and Kia Introduce CO2 Emission Monitoring System Built on the Hedera Network
              
              Hyundai Motor Company and Kia Corporation have implemented an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS), leveraging the energy-efficient and highly scalable Hedera network. This innovative system allows for the measurement, verification, and reporting of carbon emissions throughout the supply chain.
              
              DNV launches real-time emissions data verification solution for trusted collaboration across maritime value chain
              
              DNV has launched a new real-time emissions data verification solution for the maritime industry. This innovative solution enables trusted collaboration across the maritime value chain, from shipowners and operators to fuel providers and regulators. The system helps ensure compliance with emissions regulations and improve transparency in the industry. By providing accurate and reliable real-time emissions data, this system enables stakeholders to make informed decisions that reduce emissions while enhancing operational efficiency.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Emission Monitoring System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Emission Monitoring System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ACOEM Group, AMETEK, Inc., Anodyne Water Engineering Company Pvt. Ltd., Applied Techno Engineers Private Limited, Baker Hughes Company, Chemtrols Industries Ltd., CODEL International Ltd., Cummins Inc., Custom Instrumentation Services Corporation, DURAG Holding AG, Eaton Corporation PLC, Emerson Electric Co., ENVEA Group, ESC Spectrum, Exploration Robotics Technologies Inc., Forbes Marshall Pvt. Ltd., Fuji Electric Co., Ltd., Gasmet Technologies Oy, General Electric Company, Honeywell International Inc., Horiba, Ltd., Intertek Group PLC, KCH Services Incorporated, Mechanical Systems, Inc., Mitsubishi Heavy Industries, Ltd., Oizom Instruments Pvt. Ltd., Parker-Hannifin Corporation, Protea Ltd., Rockwell Automation, Inc., SGS SA, Sick AG, Siemens AG, Teledyne Technologies, Inc., and Thermo Fisher Scientific, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Emission Monitoring System Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • System Type
              • Continuous Emission Monitoring System
              • Predictive Emission Monitoring System
              • Component
                • Hardware
                • Services
                  • Installation & Deployment
                  • Support & Maintenance
                  • Training
                  • Software
                  • End-User
                    • Building Materials
                    • Chemical & Fertilizer
                    • Marine & Shipping
                    • Metals & Mining
                    • Oil & Gas
                    • Pharmaceutical
                    • Power Generation
                    • Pulp & Paper
                    • Waste Incineration
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • Alabama
                          • California
                          • Florida
                          • Illinois
                          • Michigan
                          • Minnesota
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year