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(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
Maximize Market Research is leading Electronics research firm, has also published the following reports:
The Artificial Intelligence in Cyber Security Market size was valued at USD 22.99 billion in 2023 and the total Artificial Intelligence in Cyber Security revenue is expected to grow at a CAGR of 22.8% from 2024 to 2030, reaching nearly USD 42.77 Billion by 2030.
Optical Sorter Market was valued at USD 2.65 Bn in 2023 and is expected to reach at USD 3.86 Bn by 2030, at a CAGR of 5.5 % over forecast period 2024-2030
About Maximize Market Research
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
MAXIMIZE MARKET RESEARCH PVT. LTD.
L Godage
09607365656
akash.r@maximizemarketresearch.com
Source: EmailWire.Com
Source: EmailWire.com
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