DUBLIN, Dec. 03, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gfnv7m/emission) has announced the addition of the "Emission Monitoring Systems Market - Global Trend and Forecast to 2020" report to their offering.
The emission monitoring systems market is estimated to reach USD 2.81 Billion by 2020. Government regulations worldwide require industrial operators to measure the concentration of CO, NOx, O2, and other flue gases emitting from industrial process operations. Identifying the negative impact of these gases, many countries such as the U.S. and the U.K. have taken major steps to properly monitor and control emission levels. This has increased the need of emission monitoring systems globally.
The market for PEMS is expected to grow at a high CAGR during the forecast period. PEMS has several advantages over traditional CEMS. PEMS requires low capital expenditure as well as much lower operational and maintenance cost. Additional benefits of PEMS include reduced risks, fast deployment, quick compliance, and no labor and material costs associated with operations and maintenance. Thus, a majority of manufacturers prefer PEMS over CEMS.
APAC accounted for the largest share of the emission monitoring systems market in 2014; the market in the region is expected to grow at a high CAGR between 2015 and 2020. The increasing industrialization and urbanization in the APAC region and stringent air pollution regulations are key factors driving the market.
One of the key restraining factors for the growth of this market is that it is fragmented with many specialist suppliers. In the near future, the trend is expected to change and the market will start to consolidate as some of the smaller manufacturers could be acquired by bigger ones.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights - Emission Monitoring Systems Market (Page No. - 26)
5 Market Overview
6 Industry Trends
7 Market Analysis, By System Type
8 Market Analysis, By Element
9 Market Analysis, By Vertical
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Cmc Solutions Llc
- Emerson Electric Co. (Emerson Process Management)
- Enviro Technology Services Plc.
- General Electric Company
- Parker Hannifin Corporation
- Rockwell Automation Inc.
- Siemens AG
- Teledyne Technologies Inc.
- Thermo Fisher Scientific Inc.
For more information visit http://www.researchandmarkets.com/research/gfnv7m/emission
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SOURCE Research and Markets