Predictive Emission Monitoring Systems Market is expected to grow at a rate of 6%, to reach USD 4.66 Bn by 2030, says Maximize Market Research.

Predictive Emission Monitoring Systems Market

(IT-NEWSWIRE.COM, July 08, 2024 ) As per Maximize Market research, Predictive Emission Monitoring Systems Market was worth USD 2.92 Bn. in 2023 and total revenue is expected to grow at a rate of 6% CAGR from 2024 to 2030, to reach USD 4.66 Bn by 2030.

North America lead the market as per 2020 data with highest number of EMS deployments. Market saw slight decline due to decline in new installation with market saturation. CEMS are likely to be used for replacements or upgrades. Asia-Pacific has shown significant growth potential due to stringent monitoring and air quality standards in India & China.

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Regulatory Changes seen in market recently

China renamed Ministry of Environmental Protection to Ministry of Ecology and Environment (MEE) in 2018. MEE subsequently imposed special restrictions on industrial units in 80 cities, up from 28.

Heavy reliance on coal-fired power plants leads to health concerns with pollution. Rapid growth of renewable energy source like hydropower, wind, solar photovoltaic, and bioenergy will help shift to low-carbon energy sources.

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Predictive Emission Monitoring Systems Market Segmentation

by Component

Software

Service

Hardware

by Industry

Oil and gas

Metals and mining

Power generation

Chemical and fertilize

Pulp and paper

Pharmaceutical

Other

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Predictive Emission Monitoring Systems Key Players:

Emerson Electric

Teledyne Technologies

ABB

Sick

Fuji Electric

Acoem

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Predictive Emission Monitoring Systems Market is expected to grow at a rate of 6%, to reach USD 4.66 Bn by 2030, says Maximize Market Research.