In 2022, the worldwide EMS market was worth USD 3.0 billion, and by 2027, it is expected to be worth USD 4.5 billion. It is anticipated to increase at a CAGR of 8.8% during the projection period. The EMS market is growing due to a significant reliance on coal-fired power plants for energy generation, strict emission regulations and standards imposed by North American and European authorities, and a growing need for environmental protection. Furthermore, the expanding number of coal-fired power production units in APAC is expected to fuel market expansion.
Monitoring Systems for Emissions Over the years 2021-2027, the market is predicted to grow rapidly. Continuous Emission Monitoring System (EMS) Market capacity to provide reliable measurement information on contaminants or gaseous emissions from stacks in industries such as textile is driving this rise. The introduction of strict emission rules and legislation to address climate change would also boost product demand in the years ahead. For example, in 2021, the European Commission adopted legislative measures to achieve climate neutrality within the EU by 2050, including at least a 55 percent net decrease in GHG emissions by 2030.
Emission monitoring is a method of analyzing the environmental effects of harmful emissions to assist organizations in achieving long-term sustainability goals. Emission monitoring services make sure that production has a low environmental impact and complies with environmental regulations.
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Based on System Type:
- Predictive Emission Monitoring System (PEMS)
- Continuous Emission Monitoring System (CEMS)
Based on Offering:
Based on Industry:
- Power Generation
- Oil & Gas
- Building Materials
- Chemicals, Refineries, Petrochemicals, & Fertilizers
- Pulp & Paper
- Waste Incineration
- Marine & Shipping
Coal-powered industries provide a lot of electricity in China and India. The Asian pacific area has many coal-powered businesses and power generation industries. The Emission Monitoring system's primary end-users are coal-powered enterprises, which emit enormous volumes of substrate matter as well as dust into the environment.
On the other hand, Europe is the world's largest IT vendor and a key manufacturing base for establishing factories and data centers. The expanding building activity and power consumption in those nations are creating lucrative prospects for the Emission Monitoring System business to flourish.
The Chinese and Indian governments have put increasingly rigorous rules on their respective manufacturing sectors in recent years. As a result of these reasons, prominent market participants in these nations have begun installing emission monitoring systems in their plants. Furthermore, the overall expansion of the Emission Monitoring System business is fueled by rising environmental pollution and poor air quality in growing nations.
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One of the primary factors driving the share of the emission monitoring systems market is strong electricity demand and the resulting increase in air pollution output from the power generation sector. Furthermore, the rising VOC emissions from the developing oil and gas industry will increase the demand for emission control systems over the forecasted timeframe. This industry's VOC emissions include air toxins or pollutants such as benzene and n-hexane, which cause major health problems like cancer.
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