Emissions Monitoring Systems Market: Asia Pacific Expected to have a Significant Market Share
Industries such as cement, oil & gas, power plants, and other industries emit hazardous gases, impacting the environment and the health of humans, birds, and animals. Several countries have framed stringent regulation policies to protect the environment and health of human beings. Strict regulations of government have led to the use of emission monitoring systems (EMS) in industries. EMS helps in limiting and measuring the emissions of hazardous gases by industries.
Regulations in USA and China
The clean air act of the U.S. authorizes Environment Protection Agency (EPA) to establish National Ambient Air Quality Standards (NAAQS) to protect public health and public welfare and to regulate emissions of hazardous air pollutants. In China, industries have to obtain a pollutant discharge permit for industrial emissions or the emission of specified hazardous and toxic atmospheric pollutants. Since, January 1, 2018, pollution discharged fees were replaced by an environmental protection tax.
Impact of air pollution on human being
Short-term effects of air pollution on human health can cause diseases such as pneumonia or bronchitis, irritation to the nose, throat, eyes, or skin. Other short-term impacts include headaches, dizziness, and nausea. Long-term health effects of air pollution can cause heart disease, lung cancer, and respiratory diseases such as emphysema. It damages various vital organs of the human body including nerves, brain, kidneys, liver, and other organs.
The increasing importance to meet the emission compliance and the improvement in the frequency and data reporting process is significantly driving the emission monitoring system market growth. Moreover, growing consumer awareness coupled with stringent regulation and the growth of the oil and mining industry has also contributed to increasing the emissions monitoring systems market size.
According to supply chain studies of Knowledge Sourcing Intelligence, the emissions monitoring systems market can be segmented by type, component, vertical, and geography. By type, the market is segmented into CEMS (continuous emission monitoring system) and PEMS (predictive emission monitoring system). By component, the market is segmented into Hardware, software, and service. By vertical, the market is segmented into oil & gas, cement, chemical, pulp & paper, pharmaceutical, metal & mining, and others.
By geography, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. Geographically, Asia Pacific region is expected to have a significant market share of the global emission monitoring systems market share. The market share is projected owing to rapid industrialization in the region.
Emission monitoring system market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include Rockwell Automation, ABB Ltd., Horiba Ltd., Emerson Electric, Siemens AG, General Electric, Enviro Technology Services Plc., AMETEK. Inc., Thermo Fisher Scientific Inc. among others.
Key Questions Answered in This Report:
· What are the key regions having a significant market share of the market?
· What are the drivers of the market?
· Who are the key market players in the market?
· What is market segmentation of the emission monitoring system market?
· What are the regulations in USA and China?
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