According to a recent market study published by Growth Market Reports, titled, “Opacity Monitor Market” by types and by applications:  Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 2,488.8 Million in 2021 and is expected to grow at a growth rate of 4.4% by the year 2030.

As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Global Opacity Monitor Market” is anticipated to witness significant growth during the forecast period 2022-2030. Robust economic growth in developing markets, growth in industrial development, and rising concerns related to stack emissions among consumers are anticipated to fuel the opacity monitor market during the forecast period.

An opacity monitor is an advanced smoke and dust monitoring system designed for a range of industrial applications. It uses state-of-the-art module design and advanced technology. The opacity monitors measure the fraction of light that is lost in the process. A particulate matter (PM) monitor measures the optical characteristics of the stack gas and uses the value to calculate the PM concentration in mg/m3.

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Key factors that are anticipated to fuel the demand for the global opacity monitor market during the forecast period, due to the rising public and private efforts that promote environmental protection and Public Awareness Conversely, high installation cost and maintenance charges is hampering the growth of the market. increasing R&D and technological developments are ongoing are creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Opacity Monitors Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations.

In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include Teledyne, AMETEK, Dynoptic Systems, Monitoring Solutions, TWIN-TEK, Emerson, MIP Electronics, Horiba, CODEL International, Environmental Monitor Service. Among others.
  • Based on type, the Global Opacity Monitors Market is segmented into the single pass and double pass. The growing adoption of double pass opacity monitors among customers is attributed to the increasing demand for continuous emission monitoring in power plants. Significant benefits are offered by double pass opacity monitors, such ease of installation, high sensitivity at small duct diameters, and less electrical services required only at one side of the stack. These factors are projected to boost the global opacity monitor market during the forecast period.
  • In terms of application, the Global Opacity Monitors Market is bifurcated into power plant, cement plant, glass production, chemical industry, and others. The others segment consists of wood plants, coal and fuel-oil fire plants, pulp & paper industries, iron & steel industries, minerals industries, and others. The power plant segment is anticipated to expand in the near future, due to increasing government support and funding for the expansion of smart city projects and power grids.
  • The market in Asia Pacific is estimated to expand from 2022 to 2030, due to the rising concerns regarding carbon emissions on account of high levels of industrialization. This factor is expected to drive the demand for opacity monitors over the forecast period. Hence, the market in Asia Pacific is expected to expand at a significant CAGR during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2021

USD 2,488.8 Million

Market Growth Rate (from 2020 to 2028)

4.4%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

by Type, by Application, and by Region

Key Companies Profiled

Teledyne, AMETEK, Dynoptic Systems, Monitoring Solutions, TWIN-TEK, Emerson, MIP Electronics, Horiba, CODEL International, Environmental Monitor Service

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Product Providers & Manufacturers
  • Demand Side: Power Plants, Cement Plants, Glass Production, Chemical Industry, and others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Environmental Protection Agency and others.