Predictive Emission Monitoring System (PEMS) Market 2019 Size, Share, Business Growth, Gross Margin, Opportunity Assessment, Leading Players and Forecast 2024
Jul 12, 2019
The global predictive emission monitoring system market is expected to grow from USD 1.63 billion in 2018 to USD 2.98 Billion by 2024, at a CAGR of 10.9%, during the forecast period.
pune, India - July 12, 2019 /MarketersMedia/ —
Market Overview
According to Market Research Future, the market for PEMS has been segmented on the basis of component, deployment, industry, and region.
Predictive emission monitoring system (PEMS) are used by software analyzers to provide reliable and real-time approximation of emission properties. PEMS have primary applications across the oil & gas, petrochemicals, and refineries, & fertilizers industries. These systems are typically used inboilers, furnaces, gas turbines, and internal combustion engines. PEMS are perfectly suited for to estimate all the the most common pollutant SO2, CO, CO2, and NOx from the process industry. Currently, PEMS is widely used in Asia-Pacific, Eurpoe, and North America.
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Based on component, the market has been segmented into solution and services. The software segment is further segmented into real-time emission monitoring, periodic analyzers, recalibration software, and sensor validation software/system. The services segment has been further segmented into installation, training, and maintenance. Real-time emission monitoring segment is expected to dominate the software segment during the forecast period.
Based on deployment, the market has been segmented into on-premise and on-line. The on-premise segment is expected to dominate the deployment segment during the forecast period.
Based on industry, the market has been segmented into power plants & combustion, oil & gas, chemicals, petrochemicals, refineries, & fertilizers, building materials, pulp & paper, pharmaceuticals, metal, mining, marine & shipping, and waste incineration. Oil & gas is expected to dominate the industry segment during the forecast period.
Key Players
The prominent players in the PEMS market are ABB Ltd (Switzerland), General Electric Company (US), Siemens AG (Germany), Rockwell Automation (US), Thermo Fisher Scientific (US), CMC Solutions (US), Fuji Electric Co., Ltd (Japan), Teledyne Technologies, Inc. (US), Parker Hannifin Corporation (US), and AMETEK, Inc. (US).
Segmentation
By component, the market has been bifurcated into software and services. The software segment has been further segmented into real-time emission monitoring, periodic analyzers, recalibration software, and sensor validation software/system. The services segment has been further segmented into installation, training, and maintenance.
By deployment, the market has been segmented into on-premise and on-line.
By industry, the market has been segmented into power plants & combustion, oil & gas, chemicals, petrochemicals, refineries, & fertilizers, building materials, pulp & paper, pharmaceuticals, metal, mining, marine & shipping, and waste incineration.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
The global PEMS market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to grow at highest CAGR during the forecast period due to early adoption of emerging technologies, the presence of global players, and suitable infrastructure. However, the market in Asia-Pacific is expected to dominate the PEMS market during the forecast period. The rapid industrialization in India and China is expected to drive the PEMS market in Asia-Pacific during the forecast period. The major countries identified to witness high growth in Asia-Pacific are China, Japan, India, and South Korea.
Europe is expected to grow at a stable rate during the forecast period due to the changing government rules and regulations related to air and water pollution.
Table Of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.2 Global Predictive Emission Monitoring System (PEMS) Market, By Component
1.3 Global Predictive Emission Monitoring System (PEMS) Market, By Deployment
1.4 Global Predictive Emission Monitoring System (PEMS) Market, By Industry
1.5 Global Predictive Emission Monitoring System (PEMS) Market, By Region
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Markets Structure
2.4 Key Buying Criteria
2.5 Macro Factor Indicator Analysis
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
3.5 List Of Assumptions
Continued….
LIST OF TABLES
Table 1 Global Predictive Emission Monitoring System (PEMS) Market, By Region, 2019–2024
Table 2 North America: Predictive Emission Monitoring System (PEMS) Market, By Country, 2019–2024
Table 3 Europe: Predictive Emission Monitoring System (PEMS) Market, By Country, 2019–2024
Continued….
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LIST OF FIGURES
FIGURE 1 Global Predictive Emission Monitoring System (PEMS) Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global Predictive Emission Monitoring System (PEMS) Market
Continued….
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Address: Market Research Future, +1 646 845 9312, Email: [email protected],
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Website: https://www.marketresearchfuture.com/reports/predictive-emission-monitoring-system-market-8005
Source: MarketersMedia
Release ID: 88895810
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