Emission Monitoring System Market to Reach Roughly US$ 8,843.41 MN with 7.5% CAGR during the Forecast Period 2021-2028

 

Emission Monitoring System Market

An Emission Monitoring System is a tool used in industrial facilities to monitor flue gas for carbon monoxide, oxygen, and carbon diode to provide information for combustion control. It is made up of several components that can determine the concentration of gas or particulate matter or the rate of emission of specific pollutants. Emission Monitoring System software can generate results in units based on the applicable emission limitations or standards. Emission Monitoring System is commonly used in a variety of industries, including power generation, petrochemicals, chemicals, and oil and gas.

During the forecast period, the increasing reliance on coal-fired power plants to generate electricity is expected to drive growth in the Global Emission Monitoring System Market. Many countries continue to rely heavily on coal-fired power plants to generate electricity. Coal combustion emits a wide range of airborne toxins, including sulphur dioxide, mercury, lead, nitrogen oxides, particulates, and other heavy metals. Long-term exposure to these pollutants causes health problems such as breathing difficulties, brain damage, asthma, heart problems, cancer, and premature death. Because it determines the concentration of toxic gases or particulate matter released from the plant and other industrial operations, the emission monitoring system is critical in reducing carbon emissions. As a result, emissions are restricted to permitted levels.

The Global Emission Monitoring System Market Is Estimated To Be Valued At US$ 5,290.00 Million In 2021 And Is Expected To Exhibit A CAGR Of 7.5% Over The Forecast Period (2021-2028).

Over the forecast period, strict emission norms enforced in Europe and North America are expected to propel the Global Emission Monitoring System Market growth. Many countries in developed regions, such as North America and Europe, have imposed stringent carbon emission norms and standards. For example, in September 2015, Europe implemented Euro 6 emission standards, which set maximum limits on certain harmful gases and particulate matter that a car is allowed to limit, such as hydrocarbons and nitrogen oxides.

These standards apply to both gasoline and diesel vehicles. Furthermore, emerging economies such as India have implemented emission standards to reduce air pollution from automobiles and light commercial vehicles. For example, the government of India mandated Bharat Stage VI standards in April 2020, which limited the emission of harmful gases such as nitrous oxide and particulate matter. Such requirements have increased the demand for Emission Monitoring System.

Global Emission Monitoring System Market Segmentations-

·       By Technology: Continuous Emission Monitoring Systems (CEMS), Predictive Emission Monitoring Systems (PEMS)

·        By Industry Verticals: Oil &Gas, Chemicals & Fertilizers, Healthcare, Pulp & Paper, Energy, Mining, Others

Top Manufacturers are- ABB Ltd, Thermo Fisher Scientific Inc., AMETEK, Inc., Teledyne Technologies, Inc., Emerson Electric Co., Sick AG, General Electric Company, Siemens AG, Rockwell Automation, Inc., and Horiba Ltd

Read the More about Global Emission Monitoring System Market Press Release

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