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The Global Emission Monitoring Systems Market size is expected to reach $4.1 billion by 2024, rising at a market growth of 10.5% CAGR during the forecast period. Stringent legal and environmental regulations, growing awareness about environmental protection, growing issues pertaining to health and safety, and growing adoption of oil & gas and petrochemicals are the factors that are driving the market growth. Environmental agencies have been steadily working towards implementing regulations to protect the environment from degradation. Government initiatives are underway to curb emissions from industrial, commercial, or residential activities.
To bring about the desired goals, it is essential that industrial units, power generating units, transportation, and other commercial activities are in-line with the emission compliances rules, which would eventually help in safeguarding the natural environment. Therefore, the deployment of emission monitoring systems has gained prominence over the years. Based on Type, the market is segmented into Hardware, Software, and Services. Hardware Type includes Gas Analyzer, Gas Sampling System, Sample Probe & Line, Flow & Opacity Monitors, Data Controller, and Others. The Services market is segmented into Professional and Managed Services.
Based on System Type, the market is segmented into Predictive Emission Monitoring System and Continuous Emission Monitoring System. Based on Vertical, the market is segmented into Power Plants & Combustion, Metal & Mining, Building Materials, Pharmaceuticals, Pulp & Paper, Marine & Shipping, Oil & Gas, Chemicals, Petrochemicals, Refineries, & Fertilizers, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the analysis of key stake holders of the Global Emission Monitoring Systems Market.
Key companies profiled in the report include ABB Group, Ametek Corporation, General Electric (GE), Siemens AG, Parker-Hannifin, Rockwell Automation, Sick AG, Teledyne Technologies Incorporated, Thermo Fisher Scientific, and Emerson Electric Co.