Reducing or controlling pollution is a complex process and involves multiple drivers. To be able to control emissions or pollution, first one needs to measure it, and this can be accomplished to a large extent with the help of emission monitoring software in the form of analytics and sensors. Once a person is able to measure the extent of emissions or pollution, the emission monitoring software helps achieve control over the amount of pollution or emissions.
However, emission control cannot be achieved by the emission monitoring software alone, and requires equipment design modifications, efforts in process changes, incorporation of pollution control equipment as well as possible changes to raw materials where relevant.
Emission monitoring software, however, still plays a significant role through modelling and simulation for a number of components mentioned above. Thus, emission monitoring software can significantly help achieve emission control through the above concepts and mechanisms. Emission monitoring software also contributes to segments such as CO2 management, solid & liquid waste management and emission monitoring & control. Generally, emission monitoring software has approval or certification at an appropriate measuring range by an international or national certification body.
Continuous improvement in the reporting structure of various international and national environmental agencies, stringent emission standards and the changing framework for businesses to meet quality requirements are some of the major factors contributing to the growth of the emission monitoring software market. The increasing interest of stakeholders to demonstrate improvements in environmental performance is another factor fuelling the growth of the emission monitoring software market.
Moreover, increasing focus on utilising analytics solutions & emissions data to improve efficiency, growing interest in different sectors to increasing efficiency & to identify opportunities for reducing emissions, and rising health concerns related to emission & air pollution are also some of the factors driving the emission monitoring software market.
However,the lack of awareness regarding the potential benefits of emission monitoring software is one of the key factors restraining the growth of the emission monitoring software market. Moreover, high deployment cost required to integrate the emission monitoring software with the existing system is another factor likely to hamper the growth of the emission monitoring software market.
Key Developments
In February 2017, Ecotech merged with ACOEM Group, a provider of smart monitoring, diagnosis, acoustics and solutions for monitoring pollution. The merger was expected to fast-track Ecotech’s ability to provide a broader range of emission monitoring software in existing markets and meet growing customer needs in new ones.
The key vendors in the emission monitoring software market are ABB Ltd.; AMETEK, Inc.; Babcock & Wilcox Enterprises Inc.; Sick AG; Siemens AG; Durag Group; Emerson Electric Co.; Rockwell Automation Inc.; Opsis, General Electric; Thermo Fisher Scientific Inc.; ALS Limited; Parker Hannifin Ltd.; Beijing SDL Technology Co., Ltd.; M&C TechGroup; Buhler Technologies GmbH; Horiba and Yokogawa Electric Corporation.
Geographically, the emission monitoringsoftware market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan.
The North America region is estimated to dominate the emission monitoring software market during the forecast period due to an expanding market for continuous emissions monitors in this region to measure greenhouse gases such as methane and CO2.
The Asia Pacific emission monitoring software market is expected to be the fastest growing market due to the expanding manufacturing sector and cement plants in developing countries of this region, which provides opportunities for the sales of opacity monitors.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global emission monitoring software market can be segmented on the basis of type, end-user and region.
Emission monitoring software market, by type:
Emission monitoring software market, by end user:
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