The market for PEMS is expected to grow at a high CAGR due to the fact that PEMS requires low capital expenditure as well as much lower operational and maintenance cost. Thus, a majority of manufacturers prefer PEMS over CEMS.
Pune, India -- (SBWIRE) -- 09/07/2016 -- This report provides a detailed analysis of the emission monitoring systems market based on system type, element, vertical, and region. It has been estimated that the continuous emission monitoring system (CEMS) would hold a large share of the market. The market for CEMS was valued at USD 1.17 Billion in 2014. However, the market for predictive emission monitoring system (PEMS) is expected to grow at a high CAGR of 12.3% between 2015 and 2020.
Browse 70 market data tables and 61 figures spread through 120 pages and in-depth TOC on "Emission Monitoring Systems Market - Global Trend and Forecast to 2020"
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Other companies involved in the development of emission monitoring systems include ABB Ltd. (Switzerland), General Electric (U.S.), Rockwell Automation Inc. (U.S.), Parker Hannifin Corp. (U.S.), Teledyne Technologies Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), CMC Solutions LLC (U.S.), and Enviro Technology Services Plc. (U.K.).
Emission monitoring systems are the real-time environmental monitoring systems that meet the regulatory requirements worldwide. These systems minimize costs in environmental compliance monitoring, record-keeping and reporting. It has been estimated that the emission monitoring systems market has been mainly led by CEMS. Emerson Electric Co. (U.S.) and Siemens AG (Germany) are two key players dominating the emission monitoring systems market.
Emerson Electric Co. is one of the leaders in the analytical instruments market. The company offers pre-engineered and customized CEMS solutions, as well as CEMS analyzers and accessories under the brand Rosemount Analytical. The company's process management segment, which is responsible for CEMS solutions and other analytical instruments, is the largest contributor in the overall revenue generation. This trend has been there from the last few years and considering the effort the company is putting in the strategic acquisitions and expansion; it is likely to remain the same in the near future. In recent years, the company has acquired Cascade Technologies Ltd. (Stirling, Scotland), a manufacturer of gas analyzers and emission monitoring systems using the Quantum Cascade Laser (QCL) technology. Through this acquisition, Emerson is expanding its analytical measurement capabilities by adding the innovative QCL technology to its Rosemount Analytical gas analysis portfolio.
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Siemens AG is engaged in the electrical engineering and electronics business. The company offers continuous emission monitoring systems (CEMS) through its process analytics system solutions. The 40 CFR-Part 60 CEMS (standard CEMS) and 40 CFR-Part 60, 63, and 75 CEMS are designed to monitor predefined ranges of various gases emitting from refining, hydrocarbon processing, and chemical plants. The company focuses on innovation-driven growth markets by designing innovative solutions to simplify its customer's needs. The company is expanding its service network to be as close as possible to its customers. Currently, the company is more focused on R&D initiatives and a major portion of its revenues is allotted for R&D. It strengthens its product portfolio through either product development or strategic collaborations.
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