Emission Monitoring System Market - By Component, By System Type, By Technology, By Vertical & Forecast 2024

Description

List of Tables

The global Emission Monitoring System (EMS) market is expected to witness a robust CAGR of 9.5% during 2024-2032, fueled by increasing awareness of environmental sustainability and stringent regulations imposed by governments worldwide.

According to a survey by UNDP in 2023, 'climate change' and 'poverty/inequality' emerged as the top global challenges. Over 75% of respondents in the OECD's 2022 survey on climate policies, spanning 20 countries (contributing to 72% of global CO2 emissions), emphasized the significance of addressing climate change. The governments globally are imposing stringent emission standards, compelling industries to invest in state-of-the-art monitoring systems to track and reduce their environmental footprint. Additionally, the growing emphasis on corporate social responsibility (CSR) is pushing businesses to adopt sustainable practices, further boosting the demand for emission monitoring technologies.

The overall emission monitoring system (EMS) market is classified based on component, system type, technology and region.

The portable emission monitoring systems (PEMS) segment is poised to grow steadily through 2032, owing to their versatility and ability to monitor emissions in different locations. Industries, especially those with mobile sources of emissions, such as construction sites and shipping, are increasingly adopting PEMS for on-the-go monitoring. The portability, ease of installation, and cost-effectiveness are further expected to enhance product attractiveness.

The software segment is expected to gain traction until 2032 driven by its role in the functionality and efficiency of monitoring systems. Advanced software solutions offer real-time data analysis, remote monitoring capabilities, and predictive maintenance features. With a focus on optimizing emissions reduction strategies, industries are increasingly investing in sophisticated software components that enhance the overall performance of the monitoring systems. Moreover, the need for robust data management, compliance reporting, and decision-making favor software deployments.

Asia Pacific (APAC) emission monitoring system (EMS) market is set for sustained growth during the study period, driven by rapid industrialization, urbanization, and stringent environmental regulations. Countries such as China, India, and Japan are grappling with escalating pollution levels. The proactive approach of governments in the region to address pollution levels to ensure public health is further accelerating the adoption of advanced emission monitoring technologies.

Product Code: 7643

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Emission monitoring system market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 TAM, 2024-2032
2.3 Regional trends
2.4 Component trends
2.5 System type trends
2.6 Technology trends
2.7 Vertical trends

Chapter 3 Emission Monitoring System Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising Awareness of Environmental Issues
  - 3.10.1.2 Ongoing technological advancements in monitoring systems, including IoT integration
  - 3.10.1.3 Rising Emphasis on Ambient Air Quality Monitoring
  - 3.10.1.4 Increased Usage of Oil & Gas and Petrochemicals
  - 3.10.1.5 Growing Interest in Carbon Capture and Utilization (CCU)
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Data Management and Interpretation
  - 3.10.2.2 Cost and Investment
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 ABB Ltd
- 4.3.2 AMETEK, Inc
- 4.3.3 Baker Hughes
- 4.3.4 Emerson Electric Company
- 4.3.5 Enviro Technology Services Plc
- 4.3.6 Fuji Electric Co., Ltd.
- 4.3.7 Horiba Ltd.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Emission Monitoring System Market Estimates & Forecast, By Component (USD Million)

5.1 Key trends, by component
5.2 Hardware
5.3 Software
5.4 Services

Chapter 6 Emission Monitoring System Market Estimates & Forecast, By System type (USD Million)

6.1 Key trends, by system type
6.2 Continuous emission monitoring system
6.3 Portable emission monitoring system
6.4 Predictive emission monitoring system

Chapter 7 Emission Monitoring System Market Estimates & Forecast, By Technology (USD Million)

7.1 Key trends, by technology
7.2 Gas analyzer technologies
7.3 Opacity and particulate matter monitors
7.4 Data Acquisition and Handling Systems

Chapter 8 Emission Monitoring System Market Estimates & Forecast, By Vertical 2018-2032 (USD Million)

8.1 Key trends, by vertical
8.2 Power generation
8.3 Oil & Gas
8.4 Chemicals
8.5 Petrochemicals
8.6 Refineries & Fertilizers
8.7 Building Materials
8.8 Pulp & Paper
8.9 Pharmaceuticals
8.10 Metals
8.11 Mining
8.12 Marine & Shipping
8.13 Waste Incineration

Chapter 9 Emission Monitoring System Market Estimates & Forecast, By Region 2018-2032 (USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB Ltd.
10.2 AMETEK, Inc.
10.3 Baker Hughes
10.4 CMC Solutions
10.5 Emerson Electric Company
10.6 Enviro Technology Services Plc
10.7 Fuji Electric Co., Ltd.
10.8 Horiba Ltd.
10.9 Parker-Hannifin
10.10 Rockwell Automation
10.11 Siemens AG
10.12 SICK AG
10.13 Teledyne Technologies, Inc.
10.14 Thermo Fisher Scientific Inc.