The continuous emission monitoring system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Continuous Emission Monitoring System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The continuous emission monitoring system market size has grown strongly in recent years. It will grow from $2.60 billion in 2023 to $2.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to focus on corporate social responsibility (CSR), cost reduction, and operational efficiency, growing awareness of environmental impact, increasing regulatory pressure.
The continuous emission monitoring system market size is expected to see strong growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to industry expansion, increasing penalties for non-compliance, and focus on health and safety. Major trends in the forecast period include advancements in technology, stricter environmental regulations, a shift towards real-time monitoring, increasing awareness of climate change, expansion of end-user industries, and integration of data analytics and artificial intelligence.
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Scope Of Continuous Emission Monitoring System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Continuous Emission Monitoring System Market Overview
Market Drivers –
Rapid industrialization is expected to propel the continuous emission monitoring system market going forward. Industrialization is the process of economic and social transformation through the development of industries and mass production. Rapid industrialization is spurred by the opportunities presented by increased global trade and interconnectedness, allowing countries to specialize in manufacturing specific goods and participate in global value chains. Continuous emission monitoring systems assist industries in effectively monitoring and mitigating their environmental footprint and meeting the demands of rapid industrialization. CEMS provides industries with valuable data on emission levels, allowing them to identify sources of pollution and assess the effectiveness of pollution control measures. For instance, in March 2024, according to the Federal Reserve Bank, a US-based central bank, manufacturing output increased by 0.8% in February 2024, compared to January of the same year. Furthermore, in July 2023, according to Eurostat, a Luxembourg-based government statistical agency, industrial output in the European area witnessed a 0.2% increase. Moreover, a 0.1% increase was reported in the European Union during the period between May and April 2023. Therefore, rapid industrialization is driving the growth of the continuous emission monitoring system market.
Market Trends –
Major companies operating in the continuous emission monitoring system market are focusing on developing advanced systems, such as multi-component analyzers, to gain a competitive edge in the market. Multi-component analyzers refer to sophisticated instruments designed to simultaneously measure and analyze multiple pollutants or components present in industrial emissions. These are used to quantify the concentrations of various pollutants present in emission streams, such as nitrogen oxides (NOx), sulfur dioxide (SO2), carbon monoxide (CO), and more. For instance, in February 2021, ABB, a Switzerland-based automation machinery manufacturing company, launched CEMcaptain, a new emissions monitoring system and an advanced multi-component analyzer system designed for monitoring emissions in real-time. The system facilitates simultaneous and uninterrupted monitoring of sulfur dioxide and carbon dioxide, adhering to regulatory guidelines. Each analyzer module is equipped with dual gas paths, enabling the continuous monitoring of sulfur dioxide or carbon dioxide in separate streams, with the capability of analyzing up to four different components per module.
The continuous emission monitoring system market covered in this report is segmented –
1) By Component: Gas Analyzers, Sample Probes, Data Acquisition System, Software Solutions, Other Components
2) By Technology: Extractive Continuous Emission Monitoring System (CEMS), Dilution Continuous Emission Monitoring System (CEMS), In-Situ Continuous Emission Monitoring System (CEMS)
3) By End-Use Industry: Power Generation, Oil And Gas, Chemical, Manufacturing, Cement, Other End Use Industries
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Regional Insights –
North America was the largest region in the continuous emission monitoring system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous emission monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the continuous emission monitoring system market are Siemens AG, Thermo Fisher Scientific Inc., Honeywell International Inc., ABB Ltd., Parker-Hannifin Corporation, Emerson Electric Co., AMETEK Inc., Teledyne API, Yokogawa Electric Corporation, Endress+Hauser AG, Horiba Ltd., SICK AG, Testo SE & Co. KGaA, Fuji Electric Co. Ltd., Durag GROUP, Opsis AB, Gasmet Technologies Oy, ENOTEC GmbH, ENVEA Group, CODEL International Ltd., Unisearch Associates Inc., M&C TechGroup, Nova Analytical Systems Inc., Chromatotec Group, Ecotech Pty Ltd.
Table of Contents
1. Executive Summary
2. Continuous Emission Monitoring System Market Report Structure
3. Continuous Emission Monitoring System Market Trends And Strategies
4. Continuous Emission Monitoring System Market – Macro Economic Scenario
5. Continuous Emission Monitoring System Market Size And Growth
…..
27. Continuous Emission Monitoring System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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