According to Data Bridge Market Research new Market report, global emission monitoring system market will account to an estimated USD 2.35 billion in 2018 growing at a CAGR of 9.50% during the forecast period of 2019 to 2026.
Global Emission Monitoring System Market
Emission monitoring system can be defined as air monitoring system that includes the continuous monitoring of the devices of the environment they are applied upon. These systems are used as the guideline for pollution control and identifying the levels of pollutants in the air. It also measures the levels of pollutants emitting from a particular factory or industry.
Global emission monitoring system market is segmented on the basis of and geography.
By System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Plants & Combustion, Oil & Gas, Chemicals, Petrochemicals & Refineries, Building Materials, Pulp & Paper, Pharmaceuticals, Metalworking, Mining, Marine & Shipping, Waste Incineration) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN EMISSION MONITORING SYSTEM MARKET
Rising concern for air pollution
According to WHO, air pollution causes around 7 million deaths each year with 4.2 million estimated to be caused due to ambient air pollution caused by the industrial pollutants, traditional waste management techniques, pollutants from the transports, as well as traditional agricultural practices employed such as crop burning. Household pollution is estimated to cause around 3.8 million of the deaths each year which is majorly caused due to the unavailability of low emitting cooking fuels, instead prevalence in usage of kerosene, wood and cooking over an open fire.
This alarming number of deaths caused due to air pollution has resulted in the rise of proper pollution emission monitoring so that proper regulations and steps can be taken against the industries and farmers causing the pollution levels to rise significantly.
Few of the major competitors currently working in the emission monitoring system market are ABB, AMETEK Inc., Emerson Electric Co., GENERAL ELECTRIC, Siemens AG, PARKER HANNIFIN CORP, Rockwell Automation Inc., SICK AG, Teledyne Technologies Incorporated, Thermo Fisher Scientific, CMC Solutions, Environnement SA, Enviro Technology Services, Fuji Electric Co. Ltd., Horiba, Opsis AB, Ecotech, DURAG GROUP, Chemtrols Industries Pvt. Ltd., Babcock & Wilcox Enterprises Inc., M&C TechGroup, ALS Limited, Yokogawa Electric Corporation, Beijing SDL Technology Co. Ltd., Bühler Technologies GmbH and Servomex.
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