According to the research report titled ‘Global Emission Monitoring System (EMS) Market Size study, by System Type (Continous Emission Monitoring System (CEMS) and Predictive Emission Monitoring System (PEMS)), by Offering (Hardware, Software and Service), by Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals, Refineries, & Fertilizers, Building Materials, Pulp & Paper, Pharmaceuticals, Metals, Mining, Marine & Shipping and Waste Incineration) and Regional Forecasts 2020-2027’, available with Market Study Report, global emission monitoring system (EMS) market valuation had reached USD 2.5 billion in 2019, which is likely to account for USD 3.9 billion by the year 2027, recording a 6% CAGR during the forecast period.
 

Strict emission regulations coupled with improving cognizance regarding environmental conservation are some of the key factors driving the growth of global emission monitoring market.
 

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It is to be noted that industries including oil & gas, power plants, and cement release hazardous gases which are harmful to living organisms as well as the environment. EMS (emission monitoring system) is a conventional monitoring system which is approved by environmental authorities.
 

Thus, widespread adoption of emission monitoring systems by polluting industries in order to track several gases such as carbon monoxide, hexavalent chromium, nitrogen carbon dioxide, and sulfur dioxide is aiding towards the market expansion.
 

Innovative product launches and increasing number of collaborations among market majors are complementing the overall business dynamics. However, focus towards adopting clean sources of energy and high costs associated with EMS could act as restraining factors to the growth of global emission monitoring system industry.
 

Regionally, Asia-Pacific currently holds the largest share in worldwide emission monitoring system industry in terms of revenue and is likely to depict its dominance over the forecast period. Rapid expansion of chemical and power generation industries are favoring the regional market outlook.
 

The competitive landscape of global emission monitoring system industry is defined by companies such as Sick AG, Thermo Fisher Scientific, Emerson Electric Co., Rockwell Automation Inc., Siemens AG, Teledyne Technologies Incorporated, AMETEK Inc., General Electric Co., and ABB Ltd. among others.