Emission Monitoring System Market Forecasts to 2030 - Global Analysis By System Type, Emission Type, Component, Application, End User and By Geography

According to Stratistics MRC, the Global Emission Monitoring System Market is accounted for $3.61 billion in 2023 and is expected to reach $7.65 billion by 2030 growing at a CAGR of 11.3% during the forecast period. An Emission Monitoring System is a crucial tool used in various industries to track and manage emissions of pollutants into the environment. It consists of sensors, analyzers, and data processing units that continuously monitor air, water, or soil for harmful substances such as greenhouse gases, particulate matter, and volatile organic compounds. EMS helps industries comply with environmental regulations by providing real-time data on emission levels, facilitating prompt corrective actions to mitigate environmental impact.

According to EIA, the U.S. electric power sector's carbon dioxide emissions from selected fuels from 2015 with projections to 2050 by fuel. It is estimated that 685 million metric tons of carbon dioxide will be produced using natural gas in the U.S. electric power sector in 2050.

Market Dynamics:

Driver:

Growing industrialization

Growing industrialization propels the demand for emission monitoring systems as increased industrial activities lead to higher emissions. With industries seeking to comply with stringent environmental regulations, the need for effective monitoring and control solutions becomes imperative. As industries expand, there's a heightened emphasis on environmental sustainability, fostering the adoption of EMS to mitigate pollution. Consequently, the growing industrialization acts as a significant driver for the expansion of the EMS market, ensuring environmental compliance and sustainable industrial practices.

Restraint:

Lack of awareness and technical expertise

Lack of awareness and technical expertise in emission monitoring systems arises due to insufficient education and training on these systems, particularly among smaller companies and industries in regions with less stringent environmental regulations. Without adequate understanding of the benefits and functionalities of EMS, businesses may overlook their importance in achieving regulatory compliance and reducing emissions. Moreover, the absence of skilled personnel to operate and maintain these systems further exacerbates the challenge, hindering market expansion.

Opportunity:

Rising government incentives and subsidies

Rising government incentives and subsidies incentivizes industries to invest in these systems for emissions control and regulatory compliance. These initiatives not only alleviate financial burdens associated with adoption but also encourage businesses to embrace sustainable practices. By providing financial support and fostering a favourable environment for implementation, governments play a pivotal role in accelerating the uptake of emission monitoring technologies, thereby promoting environmental stewardship and facilitating the transition towards cleaner industrial operations.

Threat:

Data security and privacy concerns

Data security and privacy concerns in emission monitoring systems arise due to the collection, storage, and transmission of sensitive emission data. Industries worry about potential breaches, unauthorized access, and misuse of this data. Fear of regulatory non-compliance and reputational damage further exacerbates these concerns. This apprehension hampers market growth as businesses hesitate to adopt monitoring systems, fearing vulnerabilities in data protection measures.

Covid-19 Impact

The covid-19 pandemic significantly impacted the emission monitoring system market. Restrictions on industrial activities and economic slowdown led to a temporary decline in demand for EMS solutions as companies reduced operations. However, as industries gradually resumed activities, there was an increased focus on environmental regulations and sustainability, driving the adoption of EMS to ensure compliance and reduce emissions. Additionally, the growing awareness of air quality and health concerns further propelled the market as governments and industries sought to monitor and mitigate pollution levels.

The continuous emission monitoring systems (CEMS) segment is expected to be the largest during the forecast period

The continuous emission monitoring systems (CEMS) segment is estimated to have a lucrative growth. CEMS are vital tools used to monitor pollutants released by industrial processes. These systems continuously sample emissions such as gases, particulates, and volatile organic compounds, providing real-time data to ensure compliance with environmental regulations. By constantly monitoring emissions, CEMS help industries identify inefficiencies, optimize processes, and minimize environmental impact. They play a crucial role in ensuring air quality standards are met, fostering environmental sustainability, and safeguarding public health.

The water quality monitoring segment is expected to have the highest CAGR during the forecast period

The water quality monitoring segment is anticipated to witness the highest CAGR growth during the forecast period. EMS play a pivotal role in water quality monitoring applications by continuously assessing pollutants discharged into water bodies. EMS provides real-time data on water quality parameters, enabling prompt identification of pollution sources and timely intervention to mitigate environmental damage. By monitoring pollutant levels, EMS help maintain water quality standards, safeguard aquatic ecosystems, and protect public health.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to stringent environmental regulations and increasing industrialization. Governments across the region are emphasizing emissions reduction, driving the adoption of EMS technologies. Key players are investing in research and development to offer innovative and cost-effective solutions, enhancing market competitiveness. With industries in countries like China, India, Japan, and South Korea driving demand, the Asia-Pacific EMS market is poised for continuous expansion in the foreseeable future.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to stringent environmental regulations and increasing focus on sustainability. The United States and Canada particularly are witnessing significant demand for EMS solutions across various industries. Key factors such as technological advancements, government initiatives promoting emission control, and growing public awareness about air quality contribute to market expansion. Additionally, the adoption of remote monitoring and cloud-based EMS solutions is gaining traction, further fueling market growth in the North American region.

Key players in the market

Some of the key players profiled in the Emission Monitoring System Market include ABB Limited, Emerson Electric Co., Siemens AG, General Electric Company (GE), Rockwell Automation Inc., Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., GHGSat Inc., Honeywell International, Horiba Limited, Testo SE & Co. KGaA, SICK AG, Endress+Hauser AG, Yokogawa Electric Corporation, MKS Instruments and Ametek Instruments India Pvt Limited.

Key Developments:

In November 2023, Canadian greenhouse gas emission-monitoring firm GHGSat has launched the world's first commercial space-based sensor to detect carbon dioxide emissions from individual industrial facilities such as cement or power plants. GHGSat, being a firm that monitors greenhouse gas emissions, has experience detecting methane emissions.

In March 2023, Honeywell has announced the Emissions Management Solution (EMS), an automated and continuous outcome-based solution that simplifies methane emissions measurement, monitoring, reporting and reduction at the plant-level for a wide range of industrial markets.

System Types Covered:

• Continuous Emission Monitoring Systems (CEMS)
• Predictive Emission Monitoring Systems (PEMS)
• Portable Emission Monitoring Systems (PEMS)

Emission Types Covered:

• Particulate Matter (PM)
• Carbon Dioxide (CO2)
• Hydrocarbons (HC)
• Nitrogen Oxides (NOx)
• Volatile Organic Compounds (VOCs)
• Other Emission Types

Components Covered:

• Hardware
• Software
• Service

Applications Covered:

• Air Quality Monitoring
• Water Quality Monitoring
• Stack Emission Monitoring
• Ambient Air Monitoring
• Industrial Emission Monitoring
• Other Applications

End Users Covered:

• Oil & Gas
• Cement
• Metal & Mining
• Pharmaceuticals
• Automotive
• Aerospace
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances