Emission Monitoring System Market Overview:
The Emission Monitoring System market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Emission Monitoring System Market, as well as the causes for variances in the industry's growth in various places.
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Emission Monitoring System Market was valued at US $ 7.83 Bn. in 2020. Global Emission Monitoring System Market size is estimated to grow at a CAGR of 4.93%.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Drivers:
During the forecast period, it is anticipated that the implementation of strict emission rules and regulations by governments of various nations around the world will boost product demand. As an illustration, the European Commission adopted a number of government proposals in 2021 and set a goal to achieve climate neutrality in the European region by 2050, with at least a 55% net reduction in greenhouse gas emissions by 2030. The Environmental Quality Act of 1974 and the Clean Air Regulation of 2014, which perform performance monitoring of the Air Pollution Control System, were also implemented by the Malaysian Department of Environment in 2020 to control air pollution.
Segmentation:
The Emission Monitoring System Market is divided into Predictive Emission Monitoring System and Continuous Emission Monitoring System (CEMS) based on System Type (PEMS). In 2020, the Continuous Emission Monitoring System (CEMS) market segment accounted for 68% of the total market. CEMS is essential for a variety of end users, including power plants and other industrial facilities where the combustion of fuels occurs frequently during production processes. As a result, it ensures emissions remain safe and below the level harmful for human occupation and do not present a fire risk. The CEMS provides information about the levels of carbon monoxide (CO), carbon dioxide (CO2), oxygen (O), and other gases at the location.
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Key Players: The key players are
• ABB Ltd.
• Sick AG
• Emerson Electric Co.
• Teledyne Technologies Inc.
• Babcock & Wilcox Enterprises Inc.
• Siemens AG
• Durag Group
• AMETEK Inc.
• General Electric (US)
• Enviro Technology Services Plc.
• Horiba Ltd.
• Fuji Electric Co. Ltd.
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Emission Monitoring System market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Emission Monitoring System Market: The report also includes a detailed analysis of COVID-19 on the Emission Monitoring System market.
Key Questions Answered in the Emission Monitoring System Market Report are:
- Which sub-segment had the largest share in the Emission Monitoring System market?
- How is the competitive landscape of the Emission Monitoring System market in 2020?
- Which are the key drivers impacting the Emission Monitoring System market growth?
- Which region holds the maximum share in the Emission Monitoring System market?
- What will be the CAGR of the Emission Monitoring System market during the forecast period (2021-2027)?
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