Report Ocean recently released a research report on the Emission Monitoring System Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global emission monitoring system market revenue was around US$ 4.2 billion in 2021 and is estimated to reach US$ 8.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.8% during the forecast period from 2022 to 2031.
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An emission monitoring system keeps track of the restrictions that are set for combustion systems using volume flow measuring tools and gas & dust analyzers. These analyzers, which are frequently integrated as a system solution, transmit measured values to data-collecting systems, which then standardize, classify, and archive these data per legal standards.
Factors Influencing Market Growth
Increase in the number of coal-fired power plants and a rise in the demand for energy production. Thus, it is anticipated to boost the market growth.
Increase in investments made by various regulatory agencies aimed at reducing environmental pollution and rising public awareness of the health risks associated with air pollution. Such factors propel the market growth.
New developments in the construction of coal-fired power plants in developing countries are anticipated to create lucrative opportunities for the market.
Growing emphasis on clean energy is anticipated to impede market expansion.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a significant negative impact on the market. Lockdowns have been implemented and prolonged in numerous nations, which has led to the closure of manufacturing and industrial facilities worldwide due to the economic crisis and a manpower shortage. After considering the views of numerous industry experts from various value chain segments, including OEMs, suppliers, integrators, end users, and distributors, as well as the financial results of various companies in the emission monitoring system ecosystem, it is concluded that the market experienced a decline between 2019 and 2020. However, it’s expected that the market will recover and continue to grow throughout the forecast period.
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Regional Insights
Asia Pacific dominated the market in terms of the share. This is attributed in the region in large part to China and India. It can also be linked to the expanding chemical and power production businesses in the region, which are the main consumers of pollution monitoring equipment. The increased capacity of coal-fired power plants is another factor driving up demand for the emission monitoring systems market.
Leading Competitors
The leading competitors in the global emission monitoring system market are:
Fuji Electric France SAS
AMETEK Inc
Emerson Electric Company
ABB Ltd
Baker Hughes
Teledyne Technologies Incorporated
Babcock & Wilcox Company
Parker Hannifin
Horiba Ltd
Thermo Fisher Scientific Inc
Siemens AG
Envirp & Industrial solutions ME
Advanced Emissions Solutions Inc
Intertek Group plc
Sick AG
ENVEA
Rockwell Automation Inc
Others
Segmentation Analysis
The global emission monitoring system market segmentation focuses on Component, End User, System Type and Region.
Segmentation based on Component
Hardware
Services
o Installation and Deployment
o Training
o Support and Maintenance
Segmentation based on End User
Industrial
Energy and Utilities
Others
Segmentation based on System Type
CEMS
PEMS
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Emission Monitoring System Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Emission Monitoring System market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Emission Monitoring System Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Emission Monitoring System market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Emission Monitoring System market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Emission Monitoring System market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Emission Monitoring System market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Emission Monitoring System business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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