The global Emission Monitoring System (EMS) market size is expected to reach USD 6.06 billion by 2030, according to a new study by Polaris Market Research. The report “Emission Monitoring System (EMS) Market Share, Size, Trends, Industry Analysis Report, By System Type (Continuous Emission Monitoring System, Predictive Emission Monitoring System); By Offering; By Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing number of coal-burning power plants and the increasing development of renewable energy generation propel the market forward. For instance, as per the Carbon Brief Organization announcement in March 2020, Since 2000, the world's coal-fired power capacity has more than doubled to around 2,045 gigatonnes (GW) due to rapid growth in China and India. A further 200GW is under construction, with a total capacity of 300GW planned. Also, 268GW of power has been decommissioned due to a wave of retirements in the EU and the U.S. When combined with a rapid slowdown in the number of new plants being built, the number of coal units operating globally fell for the first time in 2018, according to Carbon Brief analysis.
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Furthermore, as per the International Energy Agency, renewable energy use increased by 3% in 2020, while demand for all other fuels fell. The primary driver was a nearly 7% increase in renewable energy generation. Solar and wind are expected to account for two-thirds of renewables market growth. Several health issues would arise as a result of exposure to harsh chemicals. As a result, effective systems are essential across various industries.
Market market players such as AMETEK, Inc. ABB Ltd., Babcock & Wilcox Enterprises Inc., Baker Hughes, Teledyne Technologies, CMC Solutions, Chemtrols Industries Pvt. Ltd., Ecotech, Emerson Electric Company, DURAG GROUP, Enviro Technology Services, Fuji Electric Co. Ltd., Environnement SA, Horiba, Opsis AB, Parker-Hannifin, SICK, Siemens AG, Rockwell Automation, and Thermo Fisher Scientific Inc are some key players operating in the global market. In January 2021, ABB introduced a new emissions monitoring solution to assist the maritime industry in reducing its carbon footprint and complying with new sulfur discharges regulations that went into effect last year.
Besides, in February 2022, Nornickel launched a test online air quality observing structure in Norilsk. The proposal is now in its pilot phase, which will last until around the beginning of June. Nornickel plans to prepare seven sources of air pollutants at its Nadezhda Metallurgical Plant with just an automatic observing structure, by 2022, according to an agreement signed in October 2021 with the Russian Ecological Operator (REO). The proposal to monitor air quality in Norilsk has a budget of around 30 million rubles.
Polaris market research has segmented the Emission Monitoring System (EMS) market report based on system type, offering, industry, and region:
Emission Monitoring System (EMS), System Type Outlook (Revenue - USD Billion, 2018 - 2030)
Emission Monitoring System (EMS), Offering Outlook (Revenue - USD Billion, 2018 - 2030)
Emission Monitoring System (EMS), Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Emission Monitoring System (EMS), Regional Outlook (Revenue - USD Billion, 2018 - 2030)