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Emission Monitoring System Market Trends

Report ID: GMI7643
Published Date: Dec 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size for emission monitoring system was valued at over USD 3 billion in 2022 and is anticipated to grow at a CAGR of around 9.5% between 2024 & 2032, favored by the growing need for sustainable practices and the heightened awareness of environmental issues.

The continuous emission monitoring systems segment held a market share of over 50% in 2023 and will witness wider adoption as they enable the continuous & real-time monitoring of industrial source emissions, guaranteeing adherence to strict environmental regulations.

North America market for emission monitoring system held a revenue share of over 25% in 2023 and is expected to grow at a lucrative pace through 2032, due to strict environmental regulations enforced by organizations such as the EPA, along with the emphasis on corporate responsibility & sustainability.

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