The global emission monitoring system market size was valued at USD 3.25 Bn in 2022 and is likely to reach USD 8.13 Bn by 2031, expanding at a CAGR of 8.9% during 2023 – 2031. Increasing demand for monitoring and controlling emission solutions for hazardous materials, due to the imposition of strict environmental regulations and emission standards across the globe is anticipated to boost the market.
The growing environmental concern across the globe has increased the implementation of stringent rules and regulations to minimize the carbon emissions, which led to a surge in the demand for emission monitoring solution in various industries. For instance, as per the United States Environmental Protection Agency, the deployment of continuous emission monitoring system (CEMS) is mandatory for industries to monitor the determination of gas or particular matter that are emitted into the environment.
Emission Monitoring Systems (EMS) are advanced technological systems used to measure, analyze, and track emissions of various pollutants that are released into the atmosphere. This system plays a crucial role for industries and organizations that need to comply with environmental regulations and strive to minimize their environmental impact. There are two types of emission monitoring systems; continuous emission monitoring systems (CEMS) and portable emission monitoring systems (PEMS).
The CEMS is the most common and is used to measure emissions in real-time providing a continuous stream of data. It typically measures parameters such as particulate matter, sulfur dioxide, nitrogen oxides, carbon monoxide, and other gases. Whereas, PEMS is a compact and portable unit that can be temporarily installed for short-term monitoring or used for mobile sources like vehicles. It provides flexibility and mobility for emission measurement in different locations.
The COVID-19 pandemic moderately impacted the emission monitoring system market. Preventive measures imposed by the government, such as emergency lockdowns, social distancing, and limitations on transportation ceased industrial activities, which decreased the pollution rate and significantly demand for EMS. According to a report published by the National Library of Medicine on March 18, 2021, globally, the daily carbon dioxide emission rate was decreased by 17% by early April 2020. However, environmental concerns, strict emission regulations, and the requirement for sustainable practices have been increased, which boosted the demand for continuous emission monitoring system solutions.
Emission Monitoring System Market Dynamics
Major Drivers
Increasing environmental concerns due to the rising dependency on coal-fired power plants for electricity generation are expected to drive the market during the forecast period. EMS provides valuable data for assessing the environmental impact of industrial processes and activities. Closely monitoring emissions in real-time or periodically organization identifies and addresses potential issues promptly. This proactive approach allows for timely corrective actions preventing significant problems and minimizing the environmental impact.
- According to the United States Environmental Protection Agency, the electricity production is the primary source of greenhouse gas emissions in the US. Around 79% of the electricity is produced by burning fossil fuels such as coals and natural gas.
Existing Restraints
The growing adoption of renewable energy sources for electricity production is expected to hinder the market. Several countries are preferably developing renewable energy sources including hydropower, offshore & onshore wind, solar photovoltaic, bioenergy, and others to reduce carbon emissions in the environment. However, using renewable energy source in power plants eliminate the requirements for carbon emission monitoring systems.
Emerging Opportunities
Advancements in sensor technology and the integration of artificial intelligence (AI) and machine learning (ML) for data processing are likely to create immense opportunities for the key players competing in the market. Innovative sensor technologies such as laser-based analyzers, photoacoustic sensors, and miniature gas sensors provide improved accuracy, sensitivity, and selectivity for monitoring a wide range of pollutants. Furthermore, AI algorithms analyze large volumes of emissions data, identify patterns, and provide actionable insights for emission reduction strategies.
Scope of the Emission Monitoring System Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Emission Monitoring System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Predictive Emission Monitoring System and Continuous Emission Monitoring System), Offering (Hardware, Software, and Service), and End-user (Oil & Gas, Power Plant & Consumption, Pharmaceuticals, Chemicals & Petrochemicals, Metals, Mining, Marine & Shipping, Waste Incineration, Power Generation, Pulp and Paper, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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ABB; AMETEK.Inc.; Babcock & Wilcox Enterprises, Inc.; Baker Hughes Company; Chemtrols Industries Pvt. Ltd.; DURAG GROUP; Ecotech IT Solutions Pvt Ltd; Emerson Electric Co.; Enviro Technologies; Fuji Electric Co., Ltd.; HORIBA, Ltd.; OPSIS AB; PARKER HANNIFIN CORP 2023; Rockwell Automation; SICK AG; Siemens; Teledyne Technologies; and Thermo Fisher Scientific Inc.
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Emission Monitoring System Market Segment Insights
Type Analysis
Based on type, the emission monitoring system market is bifurcated into predictive emission monitoring system and continuous emission monitoring system. The continuous emission monitoring system segment is estimated to hold a major revenue share of the market during the projection period, due to the comprehensive monitoring and accurate reliable data provided by this emission monitoring system.
Regulatory authorities often require real-time or continuous monitoring of emissions from industrial sources. The availability of real-time and accurate emission data helps organizations in making informed decisions, identify emission patterns, and implement effective control measures to reduce emissions. The segment growth is further attributed to the increasing demand from the oil & gas and chemicals & petrochemicals industry to measure and reduces the emission of hazardous chemicals.
Offering Analysis
In terms of offering, the market is divided into hardware, software, and service. The hardware segment is anticipated to expand at a considerable CAGR in the coming years, owing to its critical role in ensuring the accuracy and precision of emission measurements of hazardous materials. High-quality hardware components such as gas analyzers and sensors provide accurate and reliable data on pollutant concentrations and emission rates. Accurate measurement is vital for organizations to understand their emissions profile and assess the impact of their activities on the environment. Stringent government regulations to deploy an emission monitoring system is further likely to contribute to segment growth.
End-User Analysis
On the basis of end-user, the market is fragmented into oil & gas, power plant & consumption, pharmaceuticals, chemicals & petrochemicals, metals, mining, marine & shipping, waste incineration, power generation, pulp and paper, and others. The oil & gas segment is expected to hold a large market share during the projected period, due to the high emission intensity of greenhouse gases (GHGs) and other pollutants in the environment.
- As per the United States Environmental Protection Agency, the oil and natural gas industry is the main source of methane emission, which is 25 times more harmful to cause global warming than CO2.
The manufacturing processes in this industry involve various emission sources including flaring, combustion, and fugitive emissions. With this industry's high emission intensity, there is a strong focus on monitoring and reducing emissions making EMS solutions crucial for regulatory compliance. Furthermore, governments and regulatory bodies have established stringent environmental regulations for the oil & gas industry to mitigate the environmental impact during its operations. Rising crude oil production across the globe is further likely to boost the demand for emission monitoring systems.
Regional Analysis
In terms of region, the global emission monitoring system market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the implementation of strict environmental regulations and emission standards across various industries. These regulations aim to control and reduce emissions of air pollutants, greenhouse gases, and hazardous substances.
These factors are expected to boost the adoption of EMS solutions as organizations strive to comply with these regulations and demonstrate environmental responsibility.Moreover, the region is at the forefront of developing and adopting advanced technologies including EMS solutions.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, owing to the growing pollution rate due to rapid industrialization and urbanization. For instance, an estimated 17.96 billion metric tons of carbon dioxide emissions was observed in Asia Pacific region in 2022. Industrialization increases industrial activities and emissions.
Industries such as manufacturing, power generation, oil & gas, and chemicals have witnessed substantial growth in the region, which further boosts the need for EMS solutions to monitor and manage emissions. These solutions play a vital role in measuring, monitoring, and managing emissions and help organizations to track their progress toward sustainability targets and improve their environmental performance. The rapid expansion of the chemical, oil & gas, and power generation sectors is further likely to fuel the market in the region.
Segments
The global emission monitoring system market has been segmented on the basis of
Type
- Predictive Emission Monitoring System
- Continuous Emission Monitoring System
Offering
- Hardware
- Software
- Service
End-user
- Oil & Gas
- Power Plant & Consumption
- Pharmaceuticals
- Chemicals & Petrochemicals
- Metals
- Mining
- Marine & Shipping
- Waste Incineration
- Power Generation
- Pulp and Paper
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ABB
- AMETEK.Inc.
- Babcock & Wilcox Enterprises, Inc.
- Baker Hughes Company
- Chemtrols Industries Pvt. Ltd.
- DURAG GROUP
- Ecotech IT Solutions Pvt Ltd
- Emerson Electric Co.
- Enviro Technologies
- Fuji Electric Co., Ltd.
- HORIBA, Ltd.
- OPSIS AB
- PARKER HANNIFIN CORP 2023
- Rockwell Automation
- SICK AG
- Siemens
- Teledyne Technologies
- Thermo Fisher Scientific Inc.
Competitive Landscape
Key players competing in the global emission monitoring system market are ABB; AMETEK.Inc.; Babcock & Wilcox Enterprises, Inc.; Baker Hughes Company; Chemtrols Industries Pvt. Ltd.; DURAG GROUP; Ecotech IT Solutions Pvt Ltd; Emerson Electric Co.; Enviro Technologies; Fuji Electric Co., Ltd.; HORIBA, Ltd.; OPSIS AB; PARKER HANNIFIN CORP 2023; Rockwell Automation; SICK AG; Siemens; Teledyne Technologies; and Thermo Fisher Scientific Inc.
These companies adopted various strategies such as partnerships, mergers, reduction in production costs, launching new products, and implementing advanced technologies to boost their share. For instance,
- On September 9, 2021, Emerson, the global technology, software, and engineering solutions provider launched its new Rosemoun XE10 Continuous Emissions Monitoring System (CEMS). This emission system offers a simplified visualization for faster and smarter decision-making due to the web-based access to built-in performance analytics. The Rosemount XE10 automates calibration equipment to provide accurate and reliable information.
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