Emissions from various industries are altering the natural environment. Power plants and other industries are dumping tons of CO2 and other harmful gases into the atmosphere. Increasing concentration of these gases in the atmosphere has many consequences, including global warming. Recognizing this, many countries have taken major steps to properly monitor and curb emission levels.
Environmental regulatory authorities around the world require manufacturing industries to keep track of pollutant emission rates using emission monitoring systems (EMS). Continuous emission monitoring systems (CEMS) is the traditional equipment used for continuous monitoring of emission and is approved/required by most authorities. Now, many countries also approve predictive emission monitoring systems (PEMS) for use in certain applications in lieu of an installed CEMS. PEMS is a software-based emission monitoring solution that uses an emission model to predict emission level. “PEMS is a very small constituent of the total EMS market. As more and more countries approve PEMS, however, the market is expected to grow at a faster rate in the future,” according to ARC Analyst Inderpreet Shoker, principal author of ARC Advisory Group’s new report, “Emission Monitoring Systems Global Market Research Study”.
The EMS market is impacted directly by emission regulations, which are the most important factors contributing to growth. In the US, the market grew rapidly for the last few years due to increased regulations. Europe also imposes strict emission limits and actively supports the Kyoto Protocol, an international treaty aiming at reducing greenhouse gases emissions. The EU’s Emission Trading System (ETS) uses a cap-and-trade system to reduce greenhouse gases. It covers power plants and industrial plants in 31 countries and allows participating plants to buy and sell emission credits. Now, many other nations, including China and India, have also started experimenting with emission trading schemes. Accurate recording of emission data is crucial to participate in cap and trade programs. Therefore, as more countries adopt emission trading, the EMS market is likely to grow.
Rapid Industrialization in Developing Nations
With rapid development in growing economies, such as India, China, South Africa, Brazil, and many others, environmental issues are increasingly becoming a major point of concern. China and India are growth markets for emission monitoring systems. China is exhibiting a move towards greater productivity in combination with rising wages, creating a more competitive economy. As this trend continues, ARC believes that a majority of industries in China will experience growth and, as a result, generate more emissions. Rising production costs, however, are causing some industry sectors to move to neighboring countries. As a result, neighboring countries such as Malaysia, Thailand, and Vietnam are also observing rapid industrialization. Many developing countries outside of Asia, such as Brazil and South Africa, have also experienced rapid growth over the last few years.
As these countries continue to build industrial bases, the resulting environmental damage has become a major challenge for them and the rest of the world. Regardless of the point of origin, environmental pollutants have consequences for the entire world. With mounting external pressures, these developing nations are enforcing strict monitoring regulations, and therefore helping the EMS market grow.
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