Emission Monitoring System (EMS) Market Projected to Reach USD 4.68 Billion by 2024
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. 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.
ABB and MAN Energy Solutions Collaborate on Energy-Efficient Propulsion Concept for LNG Carriers
ABB and MAN Energy Solutions have developed the innovative Dual Fuel, Electric+ (DFE+) concept for LNG carriers, achieving a 7.5% increase in energy efficiency and emissions reduction. This collaboration addresses the challenges of stricter emissions regulations and fuel costs, offering a competitive and energy-efficient alternative for LNG carrier propulsion designs.