Increased awareness toward environmental protection to drive the Emission Monitoring Systems Market at a CAGR of 10.4% By 2020

Press Release   •   May 27, 2016 05:16 EDT

Stringent environmental regulations, increasing health and safety issues, and increased awareness toward environmental protection are the major factors driving the demand for emission monitoring systems (EMS). These systems are used for real-time environmental monitoring of gases and particulate matter passing through flues, ducts, and chimney stacks.

As the global emission standards are becoming more stringent, Emission Monitoring Systems providers are compelled to constantly develop new technologies to adhere to these regulations and standards. The need for an efficient emission monitoring mechanism led to the emergence of continuous emission monitoring system (CEMS) and predictive emission monitoring system (PEMS). CEMS is a traditional method used to monitor the exhaust levels on a continuous basis. PEMS is software-based data acquisition system and is considered as an effective alternative to CEMS.

Complete report on Emission Monitoring Systems Market spread across 120 pages, profiling 10 companies and supported with 70 tables and 61 figures is now available at http://www.rnrmarketresearch.com/emission-monitoring-systems-market-by-system-type-cems-pems-element-vertical-power-generation-plant-oil-gas-chemicals-fertilizers-cement-metal-mining-pulp-paper-and-region-global-trend-and-forecast-to-2020-market-report.html

The market for CEMS currently holds a major share of the emission monitoring systems market. However, the trend is expected to change in the near future as majority of small- and medium-sized manufacturing industries prefer PEMS as it is a cost-effective and reliable system. Moreover, PEMS also requires lower capital expenditure as well as lower operational and maintenance costs as compared to CEMS. For instance, CEMS annual service contracts typically cost between USD 1,000.00 and USD 2,500.00 per month, depending on the complexity of the system. On the other hand, PEMS annual service contracts typically cost around USD 300.00 per month.

PEMS allows companies to identify any vulnerability to prevent violation of the emission limit, by means of an online model using historical and real-time process data. PEMS provides accurate and virtually real-time emission information which helps in reducing emissions and improving operations. Moreover, with the access to in-depth, up-to-date, and plant-wide emission information, manufacturers can continuously incorporate more effective emission controls into plant automation strategies. This helps manufacturers to achieve maximum production with minimal emissions and to make effective emission trading decisions according to their business and market objectives.

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The detailed analysis of the Emission Monitoring Systems Market is done in the Market Research Report – “Emission Monitoring Systems Market – (2015–2020)”. The emission monitoring systems market is witnessing rapid growth and is expected to reach USD 2.81 billion by 2020, at a CAGR of 10.4% between 2015 and 2020. The report provides the market size (in terms of USD billion) and forecast of emission monitoring systems with segmentation on the basis of system type (CEMS & PEMS), element (hardware, software, services), vertical (power generation plant, oil & gas, chemicals & fertilizers, cement, metal & mining, pulp & paper), and region (North America, Europe, APAC, and RoW)

The major players involved in the development of emission monitoring systems are ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric (U.S.), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Parker Hannifin Corp. (U.S.), Teledyne Technologies Inc. (U.S.), and Thermo Fisher Scientific Inc. (U.S.) among others.

Related report

Emission Monitoring Systems System Market by Type (Mobile, Fixed, Portable), Application (Traffic Management, Law Enforcement, Toll Collection, Parking Areas), & Geography - Analysis & Forecast to 2020 Is now available with Rnrmarketresearch.com at http://www.rnrmarketresearch.com/automatic-number-plate-recognition-system-market-by-type-mobile-fixed-portable-application-traffic-management-law-enforcement-toll-collection-parking-areas-geography-analysis-forecast-to-2020-market-report.html Emission Monitoring Systems System Market to grow at a CAGR of 13.25% due to high demand to solve traffic congestion, police enforcement, toll collection, and parking issues

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