Emission Monitoring System Market - By Component (Hardware, Software, Services), By System Type (Continuous Emission Monitoring Systems, Portable Emission Monitoring Systems, Predictive Emission Monitoring Systems), By Technology, By Vertical & Forecast 2024 - 2032

Emission Monitoring System Market Size

Emission Monitoring System Market was valued at over USD 3 billion in 2023 and is anticipated to grow at a CAGR of around 9.5% between 2024 & 2032.
 

An Emission Monitoring System (EMS) is a network of sensors & equipment designed to track and measure pollutants released into the environment from industrial sources. It continuously monitors and records the emissions of gases, particulate matter, and other pollutants, ensuring compliance with environmental regulations while providing data for analysis & mitigation strategies to reduce environmental impact. The growing need for sustainable practices and the heightened awareness of environmental issues around the world are major factors propelling the EMS market growth. Industries are under increased pressure to track and lower their emissions as societies place a higher priority on environmental conservation. This awareness increases the need for sophisticated EMS systems that facilitate accurate tracking, adhere to strict guidelines, and take preemptive actions to lessen their environmental impact. As a result, growing environmental consciousness is driving the uptake and advancement of cutting-edge EMS technologies.
 

For instance, in April 2023, the National Aeronautics and Space Administration (NASA) introduced Tropospheric Emissions: Monitoring of Pollution (TEMPO), an advanced instrument that monitors air pollution throughout North America. This ground-breaking approach to air quality monitoring may reveal differences in people's exposure to pollution.
 

Emission monitoring systems generate vast data streams, demanding efficient storage, processing, and interpretation. Managing diverse data formats & frequencies while ensuring accuracy and real-time analysis poses a challenge. Interpreting this data effectively to derive actionable insights requires sophisticated algorithms and expertise. The complexity of correlating data from various pollutants & sources adds to the challenge, necessitating advanced analytics for meaningful interpretations and aiding in compliance & decision-making.
 

COVID-19 Impact

The COVID-19 pandemic negatively impacted the EMS market. Economic slowdowns and lockdowns led to decreased industrial activities, reducing the demand for monitoring systems. Budget constraints limited investments in environmental initiatives, delaying upgrades or installations of monitoring infrastructure. Moreover, restrictions on travel and access hindered maintenance & calibration services for the existing systems. These combined factors slowed market growth and the adoption of emission-monitoring technologies during the pandemic.
 

Emission Monitoring System Market Trends

The demand for advanced emission monitoring systems is driven by increased environmental awareness and stringent regulations, which aim to ensure adherence & minimize environmental damage. Sensor technology combines IoT, AI analytics & remote capabilities to improve the accuracy and effectiveness of real-time monitoring. The increasing popularity of remote monitoring makes it more feasible to gather data continuously from different places, which allows for quick decisions and operational cost savings. These trends promote innovation and result in more adaptable & efficient ways to reduce emissions and conform to the changing environmental regulations.
 

Industries are putting a greater emphasis on sustainability and incorporating emission monitoring into larger plans. This integration reduces emissions, maximizes energy use, and improves operational effectiveness. Furthermore, there is an increasing need for all-encompassing monitoring systems that cover a variety of pollutants including particulate matter, volatile organic compounds, and greenhouse gases. This requirement is in line with the changing regulations, resulting in the need for more thorough monitoring procedures. In addition to spurring technological innovation, the focus on sustainability highlights the significance of comprehensive strategies for reducing environmental impact and adhering to strict regulations.
 

Emission Monitoring System Market Analysis

Based on system type, the market is segmented into continuous emission monitoring systems and portable emission monitoring systems. The continuous emission monitoring systems segment dominated the global market with a share of over 50% in 2023.
 

• Continuous emission monitoring systems enable the continuous & real-time monitoring of industrial source emissions, guaranteeing adherence to strict environmental regulations. The growing regulatory focus on real-time monitoring to reduce pollution levels is a major growth driver for the segment. Globally, governments are enforcing more stringent emission limits, which makes the deployment of reliable monitoring systems, including continuous emission monitoring systems, necessary to continuously track emissions. The capabilities of continuous emission monitoring systems have been improved by developments in sensor technology and data analytics, allowing for more accurate & reliable pollution measurement. As a result, more industries are implementing continuous emission monitoring systems to meet regulatory requirements and enhance environmental performance.
   
• The adoption of continuous emission monitoring systems is also fueled by the trend toward sustainability and corporate responsibility. Industries are putting money into these systems proactively to streamline processes, cut emissions, and indicate their concerns about the environment. These factors will drive the continuous emission monitoring systems segment.

Based on component, the market is divided into hardware, software, and services. The hardware segment is anticipated to register a CAGR of over 9% through 2032.
 

• The hardware component is experiencing substantial growth due to technological advancements and regulatory pressures. The hardware segment comprises sensors, analyzers & monitoring devices, and their evolution drives market expansion. Sensor technology advancements, such as laser-based & optical sensors, improve accuracy and sensitivity in detecting pollutants. Furthermore, the incorporation of Internet of Things (IoT) capabilities allows for real-time data collection and transmission, which improves monitoring efficiency.
   
• Industries searching for compliance and environmental stewardship invest in advanced hardware to accurately gauge & control emissions. Furthermore, the growing emphasis on comprehensive monitoring of various pollutants broadens the scope of hardware requirements. As a result, the hardware segment is growing not only in demand but also in innovation as companies strive to develop more efficient, dependable, and cost-effective monitoring devices to meet these changing market demands.
   

North America emission monitoring system market held a share of over 25% in 2023 and is expected to grow at a lucrative pace. The regional market is witnessing growth due to strict environmental regulations enforced by organizations such as the EPA. The demand is also fueled by the region's emphasis on corporate responsibility & sustainability, government emission reduction initiatives, and technological advancements. Growth in the region is further aided by the requirement for ongoing monitoring in sectors such as manufacturing, power generation, and oil & gas. The North America EMS market is further expanding as a result of investments in cutting-edge sensor technology and remote monitoring services.
 

Emission Monitoring System Market Share

Players operating in the emission monitoring system industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Industry players also heavily invest in R&D to introduce innovative and technologically advanced solutions in the market.
 

Emission Monitoring System Market Companies

Major players operating in the emission monitoring system industry are:

• ABB Ltd.
• AMETEK, Inc.
• Baker Hughes
• Emerson Electric Company
• Enviro Technology Services Plc
• Fuji Electric Co., Ltd.
• Horiba Ltd.
   

Emission Monitoring System Industry News

• In November 2021, AMETEK. Inc. acquired Alphasense Ltd., a provider of gas & particulate sensors for air quality applications. This acquisition helped the company expand its existing sensor business.
   
• In October 2021, ABB launched the ABB Ability Genix Datalyzer, which helps in the optimization of emission monitoring equipment. ABB Ability Genix Datalyzer is a cloud-based data analytics solution, which is designed for industries such as cement, chemicals, steel, and power generation. The cloud-based modular application provides real-time status across a fleet of analyzers & plants.
   

The emission monitoring system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032 for the following segments:

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Market, By Component

• Hardware
• Software
• Services

Market, By System Type

• Continuous Emission Monitoring Systems
• Portable Emission Monitoring Systems
• Predictive Emission Monitoring System

Market, By Technology

• Gas analyzer technologies
• Opacity and particulate matter monitors
• Data Acquisition and Handling Systems

Market, By Vertical

• Power Generation
• Oil & Gas
• Chemicals
• Petrochemicals
• Refineries & Fertilizers
• Building Materials
• Pulp & Paper
• Pharmaceuticals
• Metals
• Mining
• Marine & Shipping
• Waste Incineration

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA