Global Emission Monitoring Systems Market Size, Industry Analysis Report, Regional Outlook, Application Potential, End Use, Region, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3486
Global emission monitoring systems market will grow on account of stringent emission standards along with increasing awareness to reduce the environmental pollution. Various global initiatives to prevent the climate change will complement the business outlook. Improvement in the frequency of data reporting structures by different national and international economic agencies will further enhance toward the industry landscape.
Rising investment in environment management, growing oil and mining industry and strict environmental & legal regulations are set to accelerate the emission monitoring systems market growth. Numerous exhibitions including Global Oil 2018, Argus Ethanol China 2018, Argus China, CIEPEC 2017 and Fugitive Emission Summit China 2018 provide platform for the integration of consumers, distributors, manufacturers and suppliers, strengthening the industry landscape.
Regulatory authorities comprising the U.S. Environment Protection Agency (U.S. EPA), U.S. Energy Information Administration (EIA) and International energy Association (IEA) rigorously promote the use of emission monitoring technology. Swift shift toward the deployment of sustainable technologies to address the regulatory compliance of various sources of air pollutants will further augment the U.S. emission monitoring systems market share.
Increasing focus toward technological advancements along with enhanced government initiatives to reduce the greenhouse gas emissions is positively influencing the North America emission monitoring systems market growth. Continuous emission monitoring systems (CEMS) technology approved by the U.S. EPA, provide effective solutions pertaining to emission regulations.
Asia Pacific emission monitoring systems market is anticipated to grow on account of growing vehicle fleet coupled with increased use of petrochemicals for thermal power generation. China majorly contributes to the market share owing to expanding manufacturing industry, mandatory compliance requirements and transforming regulatory practices. Introduction of initiatives including Environment Protection Law (EPL) will further drive the product demand.
Improvement in environment policies to address the environment issues is driving the momentum for India emission monitoring systems market growth. Alignment in monitoring pollution parameters, regulatory actions on industries and CEM implementation are some of the key factors complementing the business landscape.
Lack of awareness pertaining potential benefits of emission control equipment and high deployment costs to integrate with the existing systems may challenge the industry outlook. However, increasing health concerns on account of rising air pollution coupled with growing focus toward utilizing the emissions data to improve energy efficiency is anticipated to fuel the emission monitoring systems market growth.
Eminent participants in Global emission monitoring system market includes Rockwell Automation, SICK, Parker Hannifin, ABB, AMETEK, Emerson Electric Co., General Electric, Siemens AG, Envea, Thermo Fisher Scientific, HORIBA Ltd., Durag Group, Enviro Technology Services, Teledyne Technologies, Ecotech and Wilcox Enterprises Inc.
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