The Emission Monitoring System (EMS) Market is projected to reach a value of USD 4.68 billion at a compounded annual growth rate (CAGR) of 6.2% by 2024. Regulatory agencies worldwide are increasingly mandating the use of continuous emission monitoring systems (CEMS) in industrial operations to monitor pollutant emissions.
According to the market study, the Emission Monitoring System (EMS) Market was valued at US$ 3.09 billion in 2023 and is anticipated to grow at a CAGR of 6.1% through 2030, reaching nearly US$ 4.68 billion. The study provides insights into current and emerging industry trends and dynamics in the global EMS market, with extensive market forecasting for the major market segments between 2024 and 2030.
The market is primarily driven by increasing demand from industries such as oil and gas, and power generation, as a result of stringent government regulations mandating emission monitoring. This has led to the adoption of EMS to track and mitigate hazardous gas emissions, thereby propelling market growth.
The EMS market is segmented by system type, offering, and industry. System types include Continuous Emission Monitoring System (CEMS) and Predictive Emission Monitoring System (PEMS). The offering is categorized into hardware, software, and service, while the industry segments cover power generation, oil & gas, chemicals, petrochemicals, refineries, fertilizers, building materials, pulp & paper, pharmaceuticals, metals, mining, marine & shipping, and waste incineration.
The market research report profiles key players in the EMS market, providing comprehensive quantitative insights and company profiles. Some of the prominent players in the market include ABB, AMETEK, Emerson, General Electric, Siemens, Parker Hannfin, Rockwell Automation, SICK, Teledyne Technologies, Thermo Fisher, CMC Solutions, Environmental S.A., Enviro Technology Services, Fuji Electric, Protea, Horiba, Opsis, Ecotech, among others.
In conclusion, the Emission Monitoring System (EMS) Market is witnessing significant growth driven by regulatory mandates and the increasing adoption of EMS in various industries to monitor and control pollutant emissions. The market is expected to continue its growth trajectory, presenting opportunities for key players and stakeholders in the coming years.
