Emission Monitoring System (EMS) Market with COVID-19 Impact Analysis, by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals), and Region - Global Forecast to 2025
The EMS market is projected to grow from USD 2.6 billion in 2020 to USD 3.5 billion by 2025; it is expected to grow at a CAGR of 6.0% from 2020 to 2025. The growth of the EMS market is driven by high dependency of countries worldwide on coal-fired power plants to generate electricity, stringent emission norms and standards enforced by North American and European governments, and increased need for environmental protection. Moreover, growing number for coal fired power generation plants in APAC is likely to fuel the growth of the market.
COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the EMS market.
“The CEMS segment is projected to account for the largest share of the EMS market during the forecast period.”
CEMS are used for collecting data regarding emission levels of gases from various industries, such as power generation, oil & gas, chemicals, and waste incineration. Moreover, an increase in the number of stringent rules and regulations regarding pollution monitoring across industries is expected to create demand for CEMS.
“The chemicals, petrochemicals, refineries, and fertilizers industry in EMS is expected to grow at the highest CAGR during the forecast period.”
The chemical plants emit gases such as carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), and fluorinated greenhouse gases (GHGs). Emission monitoring systems are designed to monitor corrosive gases in extreme applications. In chemical plants, emission monitoring systems are used to perform an elemental analysis of fuels to determine the grade and quality of the fuel extracted. Companies are installing emission monitoring systems to monitor gas concentrations at elevated pressures and temperatures.
“APAC is projected to grow at a higher CAGR during the forecast period.”
APAC is projected to hold the largest size of the EMS market during the forecast period. China and India are the major contributors to the EMS market growth in APAC. It can also be attributed to the growing power generation and chemicals -use industries, which are the key users of emission monitoring systems, in the region. Moreover, the increasing capacities of coal-fired power plants is another reason for the growing demand for emission monitoring systems. COVID-19 forced lockdowns across APAC. Supply chains in and around APAC have been disrupted owing to only limited permissible transportation. Under lockdown, Asian countries have suffered tremendous loss of business and revenue due to the shutdown of many manufacturing units.
Break-up of the profiles of primary participants:
By Company Type – Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
By Designation – C-level – 40%, Director-level – 35%, and Manager-level – 25%
By Region – North America - 35%, Europe – 30%, APAC – 25%, and RoW – 10%
The key players in the EMS market include ABB (Switzerland), AMETEK (US), Emerson (US), General Electric (US), Siemens (US), Parker Hannfin (US), Rockwell Automation (US), SICK (Germany), Teledyne Technologies (US), and Thermo Fisher(US).
The EMS market has been segmented into system type, offering, industry, and region. Based on system type, the market has been segmented into continuous emission monitoring system (CEMS), and predictive emission monitoring system (PEMS). Based on offering, the EMS market has been segmented into hardware, software, and services. Industries studied in the report include power generation, oil & gas, chemicals, petrochemicals, refineries, & fertilizers, building materials, pulp & paper, pharmaceuticals, metals, mining, marine & shipping, and waste incineration. The EMS market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons to buy the report:
Illustrative segmentation, analysis, and forecast of the market based on system type, offering, industry, and region have been conducted to give an overall view of the EMS market.
A value chain analysis has been performed to provide in-depth insights into the EMS market.
The key drivers, restraints, opportunities, and challenges pertaining to the EMS market have been detailed in this report.
Detailed information regarding the COVID-19 impact on the EMS market has been provided in the report.
The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues
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