Opacity Monitors Market Share, Opportunities, Growth | 2031
Opacity Monitors Market Share, Opportunities, Growth | 2031
Segments - Opacity Monitors Market by Type (Single Pass and Double Pass), Application (Power Plants, Cement Plants, Glass Production, Chemical Industry, and Other), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-4876
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| 245 Pages
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Report Description
Opacity Monitors Market Outlook
The global opacity monitors market size was USD 2.61 Bn in 2022 and is likely to reach USD 3.77 Bn by 2031, expanding at a CAGR of 4.6% during 2023 - 2031. The market growth is attributed to the growing adoption of opacity monitors across public and private organizations as it benefits environmental protection.
An opacity monitor is also known as a smoke meter, an advanced smoke and dust monitoring system designed for various industrial applications. It uses state-of-the-art module design and advanced technology. The opacity monitors measure the fraction of light 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.
Dust and smoke are the by-products of all combustion processes including oil and coal-fired generating units and since these emissions are damaging the environment and causing health issues, UK Environment Agency and US Environmental Protection Agency (EPA) regulate emissions by establishing an Emission Limit Value (ELV). The ASTM D6216 standard (Standard Practice for Opacity Monitor Manufacturers to Certify Conformance with Design and Performance Specifications) opacity defines opacity as the degree to which particulate emissions reduce the intensity of light and obscure the view of an object through ambient air.
Opacity Monitors Market Dynamics
Rising Need for Improved Natural Resource Management
Rising need to cope with the increase in expansion and weather change concerns, technological innovations, and digitalization must be leveraged to reduce energy depletion and improve the quality of life. Additionally, innovation is combined with energy, digital technology, and information and communications technology to report development challenges and guarantee sustainability, which is anticipated to drive the opacity monitor market in the near future.
High Dependency of Countries on Coal-fired Power Plants to Generate Electricity
A coal-burning power plant is a thermal power station that uses coal to generate electricity. According to an article by Carbon Brief, in 2020, coal generated nearly 40% of the world’s electricity. Likewise, according to the Coal Association of Canada, in 2020, the country shaped approximately 62 million tons of coal, with 51% being thermal coal used for electricity generation.
Burnt coal releases numerous airborne contaminants and pollutants, such as mercury, lead, sulfur dioxide, nitrogen oxides, particulates, and other heavy metals. Exposure to these pollutants causes various health effects, including asthma and breathing difficulties, brain damage, heart problems, cancer, neurological disorders, and premature death. These pollutants damage the lungs, kidneys, respiratory, and nervous systems; therefore, various regulatory authorities have made continuous or preventive emission monitoring systems and opacity monitoring mandatory to track pollution and emission rates.
High Installation Cost and Maintenance Charges
High installation and maintenance expenses of opacity monitor systems restrict the market. The high costs of buying, fixing, preserving AQM sensors, and establishing AQM stations, are worsened by the operation of inflexible pollution control guidelines in conventional markets. Furthermore, it demands regulatory obedience for operational air pollution monitoring, data collection, and data surveillance. As a result, the high installation costs of AQM stations, and the premium price of sophisticated monitoring systems are expected to hamper their optimal market development in the coming years, especially in developing countries.
Growing Adoption of Opacity Monitor to Minimize Pollution
Opacity monitors help to reduce pollution, which creates lucrative growth opportunities in the coming years. Rising pollution leads to increased health concerns among consumers. Additionally, the surge in human population has continued to boost industrial development and rapid urbanization, thereby leading to enormous pollution. Thus, the implementation of opacity monitoring solutions in developing countries is increasing. Furthermore, in developing countries such as India, China, and Japan, deaths have augmented due to rising pollution in this region.
Scope of Opacity Monitors Market Report
The report on the global opacity monitors 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 |
Details |
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Report Title |
Opacity Monitors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 to 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Single Pass and Double Pass), and Application (Power Plants, Cement Plants, Glass Production, Chemical Industry, and Others.) |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered |
Teledyne, AMETEK, Dynoptic Systems, Monitoring Solutions, TWIN-TEK, Emerson, MIP Electronics, Horiba, CODEL International, and Environmental Monitor Service |
Opacity Monitors Market Segment Insights
Based on type, the global opacity monitors market is bifurcated into single-pass and double-pass. The double pass segment is expected to hold a substantial market share in the near future due to its low sensitivity and no requirement for power. Double-pass opacity monitors have better sensitivity at a smaller duct diameter.
The single pass segment is projected to expand at a significant CAGR during the forecast period, due to its low cost and easy installation process. One of the major advantages of single-pass opacity monitors is they are suitable for applications with long path length monitors which is expected to boost the segment.
On the basis of application, the global opacity monitor market is classified into power plants, cement plants, glass production, the chemical industry, and others. The cement plant segment is expected to hold a substantial share of the market in the near future, due to the rapid urbanization and increasing construction activities in the developing regions. However, the chemical industry segment is projected to hold a significant market share during the forecast period. The opacity monitor is an important parameter, owing to the regulatory monitoring requirements of the chemical industry.
In terms of regions, the market in North America is projected to expand at a CAGR of 4.2% during the forecast period. North America held a significant share of the global opacity monitor market, owing to the presence of the key market players and continuous investment in the expansion of businesses. However, Europe accounted for 769.9 USD million of the market in 2022, due to the presence of regulatory bodies pertaining to carbon emissions from industrial sources such as power plants, refineries, and chemical manufacturing units. This is anticipated to propel the demand for the product over the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Opacity Monitors Market
- Historical, Current, and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Opacity Monitors Market Performance
Segments
Type
- Single Pass
- Double Pass
Application
- Power Plants
- Cement Plants
- Glass Production
- Chemical Industry
- Others
Key Players
Competitive Landscape
Top players in the market include Teledyne, METEK, Dynoptic Systems, Monitoring Solutions, TWIN-TEK, Emerson, MIP Electronics, Horiba, CODEL International, and Environmental Monitor Service.The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Global Convenience Store Market.
Frequently Asked Questions
Key players competing in the market are Teledyne, METEK, Dynoptic Systems, Monitoring Solutions, TWIN-TEK, Emerson, MIP Electronics, Horiba, CODEL International, and Environmental Monitor Service.
North America is likely to dominate the Opacity Monitors market during the forecast period.
The major driver of the global market is the growing adoption of opacity monitors across public and private organizations as it benefits environmental protection.
The global opacity monitors market size was USD 2.61 Bn in 2022 and is likely to reach USD 3.77 Bn by 2031, expanding at a CAGR of 4.6% during 2022 - 2031.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Opacity Monitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Opacity Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Opacity Monitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Opacity Monitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Opacity Monitor Market Size & Forecast, 2015-2030
4.5.1 Opacity Monitor Market Size and Y-o-Y Growth
4.5.2 Opacity Monitor Market Absolute $ Opportunity
4.6 Recent Developments & Impact Analysis
4.7 Various Certifications and Regulations Associated with Opacity Monitor
4.8 Overview of Source/Medium Being Monitored by Opacity Monitor
Chapter 5 Global Opacity Monitor Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Opacity Monitor Market Size Forecast By Type
5.2.1 Single Pass
5.2.2 Double Pass
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Opacity Monitor Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Opacity Monitor Market Size Forecast By Application
6.2.1 Power Plant
6.2.2 Cement Plant
6.2.3 Glass Production
6.2.4 Chemical Industry
6.2.5 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Opacity Monitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Opacity Monitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Opacity Monitor Analysis and Forecast
9.1 Introduction
9.2 North America Opacity Monitor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Opacity Monitor Market Size Forecast By Type
9.6.1 Single Pass
9.6.2 Double Pass
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Opacity Monitor Market Size Forecast By Application
9.10.1 Power Plant
9.10.2 Cement Plant
9.10.3 Glass Production
9.10.4 Chemical Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Opacity Monitor Analysis and Forecast
10.1 Introduction
10.2 Europe Opacity Monitor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Opacity Monitor Market Size Forecast By Type
10.6.1 Single Pass
10.6.2 Double Pass
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Opacity Monitor Market Size Forecast By Application
10.10.1 Power Plant
10.10.2 Cement Plant
10.10.3 Glass Production
10.10.4 Chemical Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Opacity Monitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Opacity Monitor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Opacity Monitor Market Size Forecast By Type
11.6.1 Single Pass
11.6.2 Double Pass
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Opacity Monitor Market Size Forecast By Application
11.10.1 Power Plant
11.10.2 Cement Plant
11.10.3 Glass Production
11.10.4 Chemical Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Opacity Monitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Opacity Monitor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Opacity Monitor Market Size Forecast By Type
12.6.1 Single Pass
12.6.2 Double Pass
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Opacity Monitor Market Size Forecast By Application
12.10.1 Power Plant
12.10.2 Cement Plant
12.10.3 Glass Production
12.10.4 Chemical Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Opacity Monitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Opacity Monitor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Opacity Monitor Market Size Forecast By Type
13.6.1 Single Pass
13.6.2 Double Pass
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Opacity Monitor Market Size Forecast By Application
13.10.1 Power Plant
13.10.2 Cement Plant
13.10.3 Glass Production
13.10.4 Chemical Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Opacity Monitor Market: Competitive Dashboard
14.2 Global Opacity Monitor Market: Market Share Analysis, 2021
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teledyne
14.3.2 AMETEK
14.3.3 Dynoptic Systems
14.3.4 Monitoring Solutions
14.3.5 TWIN-TEK
14.3.6 Emerson
14.3.7 MIP Electronics
14.3.8 Horiba
14.3.9 CODEL International
14.3.10 Environmental Monitor Service
Methodology
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