Emission Monitoring Systems Market To Reach $6.71 Billion By 2030

Emission Monitoring Systems Market Growth & Trends

The global emission monitoring systems market size is expected to reach USD 6.71 billion by 2030, growing at a CAGR of 6.71% from 2024 to 2030, according to a new report by Grand View Research, Inc. An emission monitoring system (EMS) is a specialized solution that measures and monitors the release of pollutants and emissions into the environment. It is specifically designed to track and analyze emissions from industrial processes, power plants, vehicles, and other sources.

The primary purpose of these systems is to ensure adherence to environmental regulations and standards. The market growth is fueled by the advancements in sensor technologies, data analytics, and remote monitoring capabilities, resulting in enhanced functionality and efficiency of EMS. These advancements have significantly improved the accuracy, reliability, and availability of real-time data, which are key factors driving the adoption of these systems.

EMS provide organizations with valuable real-time data and analytics, enabling them to identify areas where emissions are excessive, energy is being wasted, and processes are inefficient. By optimizing operations, reducing emissions, and minimizing energy consumption, companies can enhance their overall operational efficiency and achieve cost savings. The COVID-19 pandemic highlighted the significance of air quality and its impact on public health. This increased awareness of the connection between air pollution and respiratory health concerns is expected to drive a greater emphasis on investments in EMS as part of long-term efforts to improve air quality and safeguard public health.

Furthermore, the increasing attention on environmental regulations, climate change mitigation, and sustainable practices is anticipated to fuel the demand for EMS in the foreseeable future. As governments and industries prioritize emission reduction targets, investing in these systems is likely to be viewed as imperative for regulatory compliance and responsible business conduct.

In addition, the market for EMS is significantly influenced by rigorous environmental regulations imposed by governmental and regulatory entities such as the United States Environmental Protection Agency (EPA), the European Union Industrial Emissions Directive (IED), and Canada's National Environmental Laws and Regulations. These regulations mandate industries to adopt EMS to monitor and assess the emissions of pollutants. By implementing EMS, companies can accurately measure and track the concentrations or levels of various air pollutants released into the environment, ensuring compliance with regulatory requirements.

The EMS market is highly competitive. Major players are investing in Research & Development (R&D) to drive innovation. These key players are adopting different development strategies such as mergers & acquisitions, product launches, and others to expand their presence and market share in the EMS industry. Along with key strategies, these players are introducing new features to improve the customer experience. Moreover, governments worldwide are also introducing EMS essentials for comprehending the primary air pollutants.

For instance, in April 2023, the National Aeronautics and Space Administration (NASA) of the U.S. introduced a state-of-the-art device called Tropospheric Emissions: Monitoring of Pollution (TEMPO). This device aims to monitor air pollution in North America with unparalleled accuracy. This groundbreaking solution for air quality monitoring has the potential to unveil disparities in pollution exposure.

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Emission Monitoring Systems Market Report Highlights

• An emission monitoring system is designed to measure and monitor the release of pollutants and emissions into the environment. Various industries are subject to specific emission standards and guidelines they must adhere to. Sectors such as power generation, oil and gas, chemical manufacturing, and transportation have distinct emission requirements tailored to their operations

• In terms of component, the services segment is projected to grow at the fastest CAGR of 9.8% over the forecast period. The services provide comprehensive support to organizations in effectively managing their emissions, meeting regulatory obligations, ensuring compliance with environmental regulations, and driving continuous improvement in environmental performance

• Based on type, the predictive emission monitoring systems (PEMS) segment dominated the market in 2023 with a revenue share of 20.4% and is projected to grow at a CAGR of 9.4% from 2024 to 2030

•  In terms of end-use, the power generation segment is projected to grow at the fastest CAGR of 11.4% over the forecast period. Power generation facilities, including thermal power plants, rely on these systems to monitor and manage the release of pollutants into the atmosphere

• Based on region, the Asia Pacific region is expected to grow notably with the fastest CAGR of 13.0% during the forecast period. The Asia Pacific region is home to some of the fastest-growing economies globally, including China, India, Japan, and Southeast Asian countries
  

Emission Monitoring Systems Market Segmentation

Grand View Research has segmented the global emission monitoring systems market based on type, component, and region

Emission Monitoring Systems Type Outlook (Revenue, USD Million; 2017 - 2030)

• Continuous Emission Monitoring System (CEMS)

• Predictive Emission Monitoring System (PEMS)

Emission Monitoring Systems Component Outlook (Revenue, USD Million; 2017 - 2030)

• Hardware

• Software

• Services

  • Installation & Deployment

  • Training

  • Support & Maintenance

Emission Monitoring Systems End-Use Outlook (Revenue, USD Million; 2017 - 2030)

• Oil & Gas

•  Metals & Mining

•  Power Generation

•  Chemical & Fertilizer

•  Pulp & Paper

•  Pharmaceutical

•  Others

Emission Monitoring Systems Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • India

  • China

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • Kingdom of Saudi Arabia (KSA)

  • U.A.E.

  • South Africa

List of Key Players in the Emission Monitoring Systems Market

• ABB Ltd.

• Ametek, Inc.

• Emerson Electric Company

• General Electric Company

• Enviro Technology Services Plc.

• Horiba Ltd.

• Fuji Electric Co., Ltd.

• Rockwell Automation, Inc.

• Siemens AG

• Thermo Fisher Scientific Inc.