Emissions Monitoring Systems Market: Asia Pacific Expected to have a Significant Market Share
Introduction
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.
Market
Dynamics
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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