Emission Monitoring System (EMS) Market with COVID-19 Impact Analysis by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals) and Region - Global Forecast to 2027

Emission Monitoring System (EMS) Market with COVID-19 Impact Analysis by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals) and Region - Global Forecast to 2027

The global EMS market size was valued at USD 3.0 billion in 2022 and is projected to reach USD 4.5 billion by 2027. It is expected to grow at a CAGR of 8.8% during the forecast period. The growth of the EMS market is driven by high dependency of countries worldwide on coal-fired power plants to generate electricity, stringent emission norms and standards enforced by North American and European governments, and increased need for environmental protection. Moreover, growing number for coal fired power generation plants in APAC is likely to fuel the growth of the market.

“The CEMS segment is projected to account for the largest share of the EMS market during the forecast period”

CEMS are used for collecting data regarding emission levels of gases from various industries, such as power generation, oil & gas, chemicals, and waste incineration. Moreover, an increase in the number of stringent rules and regulations regarding pollution monitoring across industries is expected to create demand for CEMS.

“The chemicals, petrochemicals, refineries, and fertilizers industry in EMS is expected to grow at the highest CAGR during the forecast period”

The chemical plants emit gases such as carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), and fluorinated greenhouse gases (GHGs). Emission monitoring systems are designed to monitor corrosive gases in extreme applications. In chemical plants, emission monitoring systems are used to perform an elemental analysis of fuels to determine the grade and quality of the fuel extracted. Companies are installing emission monitoring systems to monitor gas concentrations at elevated pressures and temperatures.

“APAC is projected to grow at a higher CAGR during the forecast period”

APAC is projected to hold the largest size of the EMS market during the forecast period. China and India are the major contributors to the EMS market growth in APAC. It can also be attributed to the growing power generation and chemicals industries, which are the key users of emission monitoring systems, in the region. Moreover, the increasing capacities of coal-fired power plants is another reason for the growing demand for emission monitoring systems. COVID-19 forced lockdowns across APAC. Supply chains in and around APAC were disrupted owing to only limited permissible transportation. Under lockdown, Asian countries suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units. 

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the EMS marketplace.
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 - 25%
By Designation: C-Level Executives - 40% , Managers - 35%, and Others – 25%
By Region: North America - 35%, Europe - 30%, APAC - 25%, and RoW - 10%

The EMS market comprises major players such as ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Company (US), Baker Hughes (US), Siemens AG (Germany), Parker-Hannifin (US), Rockwell Automation (US), SICK (Germany), Teledyne Technologies, Inc. (US), and Thermo Fisher Scientific Inc. (US) are the key players in the EMS market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the EMS market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The report defines, describes, and forecasts the EMS market based on system type, offering, industry, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the EMS market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall EMS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.