Emission Monitoring Systems Market : An Insight On the Important Factors and Trends Influencing the Market
Transparency Market Research (TMR) observes that the degree of competition amongst vendors is quite high. The global emissions monitoring systems (EMS) market is slated to see entry of several new entrants in the coming years. Companies are focused on catering to the needs of the oil and gas industries along with paper and pulp as their demands are projected to remain steady. Mergers and acquisitions will be a commonly accepted business strategy of vendors in the global market to expand their geographical reach in the coming years along with adding newer products to their portfolio. Obtain Report Details @ https://www.transparencymarketresearch.com/emission-monitoring-systems-market.html According to the research report, the global emission monitoring systems market was valued at US$3,737.1 mn at the end of 2016 and is expected to reach US$7, 1187 mn by 2025. During the forecast years of 2017 and 2025, the global EMS market is likely to progress at a CAGR of 7.5%. Of the various end-user industries, the oil and gas industry is expected to be the key consumer of emission monitoring systems in the near future. By the end of 2025, this industry is expected to account for a share of 16.7% in the global market. Asia Pacific is expected to be a lucrative market in for emission monitoring systems. This regional market is expected to progress at a CAGR of 8.4% over the forecast period. The primary aim of emission monitoring systems (EMS) is to measure the level of gases such as nitrogen oxides, carbon dioxide, sulfur dioxide, total or hexavalent chromium, carbon monoxide, and mercury in the air. These systems are also used for gauging the opacity discharged by industrial plants and power-generating plants. The growing number of government initiatives to curb environmental pollution has augmented the demand for emission monitoring systems. Stringent regulations to keep pollution under control and imposition of hefty fines in case of failure as strengthened the adoption of these systems.