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The market size of emission monitoring systems is expected to reach US$2.6 billion in 2020

 Last Update: 2022-05-05
 Source: Internet
 Author: User

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[ Chemical Machinery Equipment Network Market Analysis ] According to a report released by Markets and Markets, a market research organization, the market size of emissions monitoring systems will reach US$2.
6 billion in 2020, and is expected to increase to US$3.
5 billion by 2025, with a compound annual growth rate during the period.
6%.

Chemical machinery and equipment network market analysis chemical machinery and equipment

The key factors driving market growth include countries' high dependence on coal-fired power plants for power generation, and more and more countries implementing strict emission regulations and standards.
In addition, the increasing demand for environmental protection has also promoted the growth of the emission monitoring system market.

From the perspective of system composition, by 2025, the hardware market will occupy a large scale of the emission monitoring system market.
The growth of the hardware market can be attributed to the use of them to collect emission data in both the flue gas emission monitoring system CEMS and the vehicle exhaust emission monitoring system PEMS.
CEMS operates through its hardware components, while PEMS is a software-driven system that uses hardware components such as sensors to predict gas emissions.
Since most factories have installed continuous emission monitoring systems, hardware-based continuous emission monitoring systems have increased the demand for hardware equipment.

sensor

In terms of monitoring types, by 2025, CEMS will account for a large scale of the market.
CEMS is used to collect data on gas emission levels from various industries (such as power generation, oil and gas, chemicals, and waste incineration).
In addition, the implementation of strict regulations on cross-industry pollution monitoring is expected to increase the demand for CEMS.

　　From the perspective of regional markets, during the forecast period, the Asia-Pacific region is expected to become a large regional market for emission monitoring systems.
China and India are the main contributors to market growth in the Asia-Pacific region.
This can also be attributed to the growing power generation and chemical use industries in the region, which are the main users of emission monitoring systems.
In addition, the increase in the capacity of coal-fired power plants is another reason for the growing demand for emission monitoring systems.

　　In 2020, the epidemic is raging, leading to blockade measures within the scope.
Due to only limited transportation allowed, the supply chain in and around the Asia-Pacific region has been disrupted.
Under the blockade, Asian countries have suffered huge losses in business and revenue due to the closure of many manufacturing sectors.

　　Original title: The market size of emissions monitoring systems is expected to reach US$2.
6 billion in 2020

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