Worldwide Emission Monitoring Systems Industry to 2026 - Oil & Gas Segments Expected to Witness Significant Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Emission Monitoring Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Emission Monitoring Systems Market is expected to grow at a CAGR of 8.5% over the forecast period (2021-2026).
- ABB Ltd
- AMETEK, Inc.
- Emerson Electric Co.
- General Electric Company
- Siemens AG
- Horiba Ltd.
- Rockwell Automation, Inc.
- Sick AG
- Teledyne Technologies, Inc.
- Thermo Fisher Scientific Inc.
Key Market Trends
Oil & Gas Segment is Expected to Witness Significant Growth
- The EPA's air pollution and clean air act have set a limit on the in-stack emission of pollutant concentrations at the point of release for various industries such as power plants, oil & gas, and building materials are thereby required to maintain their emission monitoring standards on a continual basis to have an operating license. Under the EPA regulations, the implementation of a CEMS is required for continuous compliance determination or the determination of exceedance of set standards.
- The rapid growth of the crude oil and natural gas infrastructure across the globe, as well as several power generation facilities, is also expected to play a crucial role in driving the demand for these systems over the forecast period.
- Emission monitoring systems are primarily deployed in the oil and gas industry to measure and minimize the emission of hazardous chemicals such as methane, carbon dioxide, and sulfur dioxide among others and to gather the required data for reporting emissions release to government regulatory agencies such as the industrial emissions directive (IED) by the European Parliament and the Council on industrial emissions and clean air act by the EPA in United States.
North America to Hold Significant Market Share
- The US Environmental Protection Agency is committed to the protection of public health by the improvement of air quality and the reduction of air pollution. The implementation of the Clean Air Act in the United States and the technological advancements, since then, from multiple innovators, have dramatically improved the air quality in the country, as cleaner air provides significant public health benefits.
- The EPA primarily works with the state, local, and tribal governments to reduce emissions of more than 180 hazardous air pollutants. Moreover, the fine particles that are present in smoke can cause many health problems, such as burning eyes, runny nose, and illnesses, like bronchitis. These microscopic particles can also cause chronic heart and lung diseases, which is one of the major factors driving the demand for emissions monitoring systems.
- In May 2019, a team from the Energy and the Environment Research Laboratory at the Sibley School of Mechanical and Aerospace Engineering started work with the Environmental Protection Agency (EPA) for one year on a machine learning model designed to predict fossil fuel emissions in the United States.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Stringent Legal and Environmental Regulations
5.1.2 Increasing Health and Safety Issues
5.2 Market Restraints
5.2.1 High Cost of These Systems for Regular Maintenance
5.3 Assessment of Impact of Covid-19 on the Industry
6 MARKET SEGMENTATION
6.1 By Component
6.2 By End User
6.2.1 Oil & Gas
6.2.2 Metal and Mining
6.2.4 Power Generation
6.2.6 Other End Users
6.3.1 North America
6.3.4 Latin America
6.3.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Vendor Market Share Analysis
7.2 Company Profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
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