23 July 2019
Visiongain has launched a new Semiconductor report Emission Monitoring Systems Market Report: Forecasts by System Type (Continuous Emission Monitoring System, Predictive Emission Monitoring System), by Component (Hardware, Software, Service), by End-use (Power Generation, Oil & Gas, Metals & Mining, Chemical & Fertilizer, Pharmaceutical) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global emission monitoring systems market is expected to present promising growth prospects over the forecast period. Stringent legal and environmental regulations, increasing demand from industries such as oil & gas and power generation, growing awareness regarding environmental protection, and rising safety concerns are expected to drive the market.
The authoritative bodies responsible for environmental protection have established several regulations to be followed by the industries to check pollutant emissions using Emission Monitoring System (EMS). The EMS enables industries to analyze air quality and harmful gas emission level. Additionally, EMS also allows the companies to reduce and report air polluting gases as well as other harmful emissions. Customers also get assistance from the manufacturers pertaining to custom installation, calibration, periodic maintenance, designing, and validation. Among the components, hardware is anticipated to dominate the EMS market through the forecast period. Hardwares are used by both continuous EMS (CEMS) and predictive EMS (PEMS) for collection of emission related data. Among the system types, CEMS is expected to hold the larger market share as a majority of manufacturing plants have installed the system. However, companies are also making huge investments in the R&D to establish production infrastructure for development of PEMS. The power generation and oil & gas industries dominated the market in 2018 and are expected to retain the positions through the forecast period. Rapid industrialization and use of non-renewable energy give rise to the emission of green house gases that results in global warming.
The key players operating in the emission monitoring system market include Rockwell Automation, Inc., ABB Ltd., General Electric Company, Ametek, Inc., Enviro Technology Services Plc., Emerson Electric Company, Siemens AG, Fuji Electric Co., Ltd., Thermo Fisher Scientific Inc. and Horiba Ltd., among others. Companies such as General Electric Company and Rockwell Automation have a strong market presence due to the presence of established production facilities and R&D infrastructure.
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