The global continuous emission monitoring system market was expected to secure a valuation of USD 2.72 billion in 2023 and is projected to reach USD 4.22 billion mark by 2033. The market is capturing a CAGR of 4.5% during the forecast period 2023-2033.
The power generation industry is one of the prominent sectors in the global market that registering a maximum share by 2033. The power generation sector is widely increasing the adoption of CEMS analyzers due to growing consumers’ demand for electricity on vast networks. The demand for continuous emission monitoring systems is rising to monitor pollution from power plants, including carbon dioxide and particulate matter.
The government imposed stringent regulations to monitor power plants to reduce carbon emissions. These regulations vary from nation to nation control air pollutants. The power generation sector is growing to produce clean energies such as wind, solar and natural gas. The key companies seek advanced industrial measurement equipment to reduce environmental impact
The manufacturers are developing this equipment that widely uses in the power generation sector to reduce costs and monitor in real-time. It also improves efficiency, saves money and reduces wastage surging the market expansion. These factors are estimated to capture a huge market revenue in the power generation sector during the forecast period.
Key Takeaways:
- The continuous emission monitoring system market is anticipated to capture a CAGR of 4.5% with a valuation of USD 4.22 billion by 2033.
- The United States is a prominent leader in the global market by securing a maximum share by 2033.
- Historically, the market secured a valuation of USD 2.18 billion in 2018.
How Key Players are Adding Values in the Global Market?
The key players are launching new products in the market through deep analysis and investing millions of dollars in research and development activities. These players are introducing better and more advanced products to their consumers per their requirements. Here are several ways that the players are adding value in the global market:
Internet of Things and Artificial Intelligence Technologies: The key players are developing new products by adopting Artificial Intelligence and the Internet of Things. They integrated these technologies to improve product accuracy and performance.
Remote Monitoring System: The players are developing automatic, wireless and remote equipment to monitor carbon emissions from end-use industries, including cement, oil & gas and chemicals. They improve efficiency and flexibility and reduce workloads.
User-friendly: The key players focus on its easier to use to improve users’ experiences. It makes consumers analyze, monitor and navigate easily without any hassle.
Cloud-based Solutions: The prominent players allow emissions monitoring equipment to access easily and reduce on-site infrastructure. It helps to improve efficiency and reduce costs.
Recent Developments in the Global Continuous Emission Monitoring System Market are:
- In 2021, ABB launched its new emissions monitoring equipment ACF5000 to monitor and measure gases. It provides reliable, high-quality and accurate data.
- In 2021, Ametek Inc announced its new launch of CEMS solution Model 4900 Multigas to monitor accurately and reliably.
- In 2021, Emerson Electric Co. Launched a gas analyzer named Rosemount CT5800 that controls emissions and provided accurate measurements.
Key Players:
ABB Ltd; General Electric Co.; Rockwell Automation Inc; Teledye 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.
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
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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