The continuous emission monitoring system market is capturing a valuation of US$ 2.72 billion in 2023 and is predicted to reach US$ 4.22 billion by 2033. The market is registering a CAGR of 4.5% during the forecast period.
The market is influenced by various factors, including:
- Environmental Concerns: Governments worldwide are implementing stringent rules to reduce carbon emissions from industries including paper & plastic, fertilizers, and textiles, among others. CEMS analyzers help to monitor the report with regulations to reduce continuous emissions.
- Rapid Industrialization: The rising industries in developed and developing countries are increasing the adoption of a continuous emission monitoring system to limit environmental impacts.
- Advanced Technologies: The manufacturers are looking towards end-users demand and accordingly develop an advanced continuous emission monitoring system. These advanced industrial measurement equipment are more reliable, accurate, cost-effective, and easy to monitor.
- Growing Health Concerns: With the growing hazardous chemicals from various industries, it doesn’t seem easy to survive workers, labor, and employee. However, to focus on their safety, the continuous emission monitoring system suppliers are contributing key role as per end-users demand.
- Energy Efficiency Demand: The continuous emission monitoring system helps industries to reduce energy consumption, lower the risk of carbon footprints and optimize operations.
High Maintenance Costs and Limited Skilled Professionals Decline the Market Growth
Apart from driving factors, several restraining factors may limit the market growth, including:
- High Installation Costs: Due to the high costs of the continuous emission monitoring system, it is difficult for small industries and businesses to invest. This factor may restrain the market growth.
- Lack of Understanding: Few industries know CEMS analyzers’ benefits. It may slow down the demand for this equipment.
- Complications in Regulating: The regulation varies from business to business as per its locality, which may face challenges in market growth.
- Lack of Skilled Workers: Maintaining and installing CEMS analyzers requires skilled experts. Hence, to short of professionals may limit the supply of this equipment.
- Alternative Options: Emerging technologies are increasing various options or alternatives to reduce continuous carbon emissions. These technologies include energy efficiency measures and others.
- Economic Downturns: The rising economic downturns may limit the investments and launch of new products, which may decline market growth.
Continuous Emission Monitoring System Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook
The rapidly rising urbanization and various industries are polluting the surrounding by releasing carbon emissions. These industries adopt continuous emission monitoring systems to reduce pollution and improve the environment. According to Future Market Insights, the global market was valued at US$ 2.18 billion in 2018 and is estimated to reach US$ 4.22 billion by 2033.
The manufacturers are developing these advanced technologies and equipment to protect the environment by following government regulations. Emerging economies in developing countries such as India and China are estimated to uplift market growth. Overall, the market continues to grow significantly through innovations and launching products during the forecast period.
- Short Term (2023 to 2026): The increasing demand for a healthy environment and reduced hazardous pollution in the end-use industries, including mining and infrastructure activities, fuel the market growth. Asian countries such as China and India are rapidly growing the global market through growing industrialization in this time frame
- Medium Term (2026 to 2029): Growing industrialization, advanced technologies, innovations in new product launches, and urbanization are surging the market growth. The United States is securing an abundance of shares by rising industrial activities, power generation, and oil & gas sectors in this time frame.
- Long Term (2029 to 2033): Rising government initiatives, research and development activities, and new market entrance are advancing the market size. Rising end-user industries such as construction, mining, and cement propel market opportunities during the forecast period.
The Top Categories Advancing the Global Market are:
Hardware Product Type Segment is Highly Preferred in the Global Market
Based on product type, the hardware segment dominates the global market by capturing a maximum share during the forecast period. The rising end-users demand for reliable, accurate monitoring equipment is fueling the market growth. Industries such as chemicals, paper & plastic, and oil & gas are increasing the adoption of hardware.
The rising advanced technologies such as smart sensors, lasers, and real-time monitoring systems provide better performance and accuracy. The software segment is also gaining huge popularity for analysis and reporting data. Conversely, the service segment includes calibration, installation, and maintenance.
Power Generation Sector Leads the Global Market
Based on end users, the power generation segment is leading the global market by registering a significant share by 2033. The growing power plants, urbanization, and rising demand for continuous emission monitoring systems drive market growth. CEMS analyzers are widely used in power generation to monitor carbon emissions and reduce pollution, such as nitrogen oxides.
The oil & gas sector is also crucial in capturing a huge revenue in the global market. The rising oil production and generating refineries are rising the demand for the continuous emission monitoring system. Other industries such as cement, paper & plastic, and chemicals are also bringing surging market growth by growing awareness of environmental concerns.
Overview of Top Countries Influencing the Global Market
Growing Industrialization Drives China Market Growth
China is estimated to be one of the significant leaders in the global market by capturing a relevant share by 2033. The rapidly rising industrialization, government stringent measures, and urbanization are driving the China market. China is one of the nations in the Asia Pacific that emitters of air pollution. Therefore Chinese governments are taking strict rules to reduce pollution by accepting advanced continuous emission monitoring systems in various end-use industries.
The power generation sector in China is one of the significant end-use industries that register a huge market share. The rising demand for electricity due to urbanization, growing population, and increasing infrastructure activities fuel China’s market growth. The government of China focuses on renewable energy to develop more plants across the nation.
China is also leading the oil & gas sector by consuming the maximum share of the global market. Several key players in the China continuous emission monitoring system market include Beijing SDL Technology Co. Ltd.
Rising Concerns on Environmental Impact Drive the Indian Market
India is another nation in the Asia Pacific region, a continuously growing market during the forecast period. The growing concerns about the environment, human health, and air pollution are surging the adoption of the continuous emission monitoring system.
The rising demand for CEMS analyzers by end-use sectors such as mining, cement, oil & gas contributes to a maximum share of the Indian market. The rising government’s stringent regulations, the power industry, and increasing the adoption of wind energy are growing the Indian continuous emission monitoring system market.
The key players in the Indian market include Sick AG, Yokogawa India Ltd, ABB Ltd, and Ecotech Technologies Pvt. Ltd. These crucial companies offer a wide range of equipment, such as dust monitors and stack gas analyzers, to reduce carbon footprints. The government of India is focusing on reducing industrial emissions by promoting solar energy sources.
Rising Air Pollution from Industrial Processes Drives the United States Market
The United States market is capturing a significant global market share by 2033. The rising environmental issues, such as air pollution and workplace safety, are increasing the demand for a continuous emission monitoring system in the country. The rapidly increasing industrial processes, rising demand for environmental protection, and controlling emissions such as nitrogen oxide drive market growth.
End-use industries such as refineries, manufacturing, and power plant generation are leading the market by securing a maximum share by 2033. In the United States, several key companies are playing a crucial role in driving market growth, including ABB Ltd, Thermo Fisher Scientific, and Teledyne Technologies Inc.
The manufacturers in the country are developing wireless, eco-friendly CEMS systems for processing data to improve environmental performance in the end-use industries. These factors continue to shine the United States’ continuous emission monitoring system market growth.
How Can Manufacturers Expand the Global Market?
Manufacturers are the real heroes developing advanced and high-quality equipment to help end-use industries reduce emissions. They are expanding the global market in several ways, gaining huge popularity and profits and enhancing the brand reputation.
- Developing Technical and New Innovative Products: The manufacturers are bringing new opportunities to the market by developing unique and advanced products. Through these new technologies, they develop an efficient, reliable, cost-effective, and more accurate product to attract consumers.
- Customer Satisfaction: The manufacturers are offering a customized solution to their consumers that monitor industrial pollutants.
- Advertising and Marketing: The manufacturers focus on increasing sales by targeting relevant consumers through marketing and advertising campaigns. For example, advertising on social media, e-commerce websites, and other platforms.
- Collaborations: By collaborating with other key companies, the manufacturers can expand their global market. It helps them to increase more relevant consumers and generate more sales.
Competitive Landscape:
The market is highly fragmented by the number of players that play a vital role by investing huge amounts in research and development activities. These players are innovating and launching new and advanced CEMS analyzers for various industries to control pollution and carbon emissions. The marketing methodologies these players adopt include mergers, product launches, acquisitions, partnerships, and collaborations.
Other Prominent Players in the Market are:
- ABB Ltd
- General Electric Co.
- Rockwell Automation Inc
- Teledye Technologies Inc
- AMETEK Inc
- Durag Group
- Fuji Electric Co, Ltd
- Sick AG
- Emerson Electric Co
- Honeywell International Inc
- Siemens AG
- Thermo Fisher Scientific Inc
- ATS Automation Tooling Systems Inc
- Enviro Technology Services Plc
- Horiba Ltd
Recent Developments in the Global Market are:
- In 2021, ABB launched its new product Continuous Emission Monitoring System (CEMS) solution named ACF5000. It offers advanced features such as dust emission, real-time measurement, remote monitoring, and data management.
- In 2020, Teledyn announced its completion of the acquisition of 3M for the gas detection business. This acquisition took place to expand the portfolio of the company.
- In 2021, AMETEK announced its acquisition of Spectro Scientific. This acquisition strengthened the company’s name in the global market. Spectro Scientific offers a wide range of products that helps detect engine emission.
- In 2020, Siemens announced its new UV600 CEMS to improve reliability and accuracy. This new launch provides advanced reporting and data analysis capabilities with better features inbuilt.
- In 2021, Emerson Electric launched Rosemount CX1100, which offers remote access, real-time monitoring, and data analysis.
