The continuous emission monitoring system (CEMS) market is valued at USD 2.72 billion in 2023 and is projected to grow to USD 4.22 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This market expansion is driven by the tightening of regulations around industrial emissions, particularly concerning airborne particulate matter, volatile organic compounds, mercury, hydrogen chloride, and harmful pollutants such as sulfur dioxide, carbon monoxide, and carbon dioxide.
Governments are increasing pressure on industrial sectors to mitigate the environmental impact of their manufacturing processes. In response, industries are focusing on minimizing the negative effects of emissions, especially during production, to comply with stricter environmental standards.
A safer workplace is also the responsibility of the employers. Along these lines, the Control of Substances Hazardous to Health Regulations (COSHH) has established maximum exposure limits (MELs) for rendering protection to workers from the airborne dust hazards.
At the same time, it needs to be noted that higher initial costs may restrain the growth of continuous emission monitoring system market. Plus, several verticals are actually flummoxed with non-uniformity in instructions (like monitoring the pollution parameters, regulatory actions on the industries, implementation of continuous emission monitoring system, and likewise). These factors could end up creating a hump to the continuous emission monitoring system market going forward.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Continuous Emission Monitoring System Market’. The ESOMAR-certified firm has every bit of its research parameters in place through its team of analysts and consultants.
Key Takeaways from Continuous Emission Monitoring System Market
- Europe holds a significant market share. This could be credited to governments across the globe taking initiatives in the direction of reducing emissions from commercial, industrial, and residential activities. The continuous emission monitoring systems do detect presence of several gases in atmosphere, inclusive of carbon dioxide, nitrogen, sulphur dioxide, carbon monoxide, mercury, and hexavalent or total chromium.
- The Asia-Pacific is expected to witness constructive turbulence in continuous emission monitoring system market in the forecast period. This could be reasoned with rapid industrialization, especially in China and India. Japan is the maximum contributor to revenue. Also, the fact that India is amongst the biggest users of coal regarding power generation can’t be ignored. Coming to China, the US Energy Information Administration has confirmed that it is the biggest consumer of coal all over.
- North America is expected to witness growth in continuous emission monitoring system market on the matured basis.
Competitive Landscape:
The continuous emission monitoring system (CEMS) market is highly fragmented, featuring numerous key players investing heavily in research and development to innovate and introduce advanced monitoring solutions. These companies employ various strategies, including mergers, product launches, acquisitions, partnerships, and collaborations, to enhance market presence and drive technological advancements in pollution and emission control.
Key Players in the Market Include:
- ABB Ltd
- General Electric Co.
- Rockwell Automation Inc
- Teledyne Technologies Inc
- AMETEK Inc
- Durag Group
- Fuji Electric Co, Ltd
- Sick AG
- Emerson Electric Co
- Honeywell International Inc
- Siemens AG
- Thermo Fisher Scientific Inc
- ATS Automation Tooling Systems Inc
- Enviro Technology Services Plc
- Horiba Ltd
Recent Developments in the Market:
- 2021: ABB introduced the ACF5000 Continuous Emission Monitoring System, featuring advanced capabilities such as dust emission monitoring, real-time measurement, remote access, and comprehensive data management.
- 2020: Teledyne completed the acquisition of 3M’s gas detection business, expanding its product portfolio in the field.
- 2021: AMETEK acquired Spectro Scientific, strengthening its market position. Spectro Scientific’s offerings include products for detecting engine emissions.
- 2020: Siemens launched the UV600 CEMS, designed to enhance accuracy and reliability. The system includes advanced reporting and data analysis features.
- 2021: Emerson Electric released the Rosemount CX1100, offering benefits like remote access, real-time monitoring, and enhanced data analysis capabilities.
Continuous Emission Monitoring System Market by Category
By Product Type:
- Hardware
- Software
- Services
By End Use:
- Power Generation
- Waste Incineration
- Petroleum Refining
- Steel Refining
- Chemicals & Fertilizers
- Cement
Region:
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East Africa
Report Preview: https://www.futuremarketinsights.com/reports/continuous-emission-monitoring-system-market
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