Impact of COVID-19 on the Predictive Emission Monitoring System Market
As the spread of the coronavirus started, the semiconductors industry, along with many other industries, faced significant disruptions in supply chains and production and witnessed a shift in consumer demand. Following the guidelines set by the World Health Organization (WHO), governments of almost all the countries across the globe imposed lockdowns that resulted in the shutting down of factories, thereby affecting production capabilities. Furthermore, the trade restrictions imposed by the governments by sealing the national borders of several countries caused massive disruptions in the supply chains, and thus, a reduction in the supply of raw material, especially from the countries in the Asia-Pacific region which further caused hindrance in the market growth. Predictive emission monitoring systems (PEMS) are software-based solutions that offer reliable and real-time estimations of emission properties through a mathematical model that uses process values such as temperature, flow, and pressure as input variables. A PEMS allows connectivity with the control system via standard protocols to acquire real-time process data for generating the emission estimations. The emission values obtained are made available to the plant control system and are transferred to the emission data acquisition system. These systems are used for analyzing the pollution levels in the environment.
The sudden outbreak of the COVID-19 pandemic has impacted the predictive emission monitoring systems market both positively as well as negatively. The lockdown has restricted the industry’s production capabilities, which is affecting the market growth. Also, the economic downturn following the pandemic has impacted the organizations’ spending capabilities on research & development as well as technology integration, which is expected to hamper the market growth. However, the negative impact on the market is short-term. During the pandemic, PEMSs have helped in monitoring and analyzing the environment quality effectively. Also, the pandemic has had a positive impact on the environment, the quality of water across oceans, rivers, lakes, and ponds and the quality of air has improved drastically due to reduced pollution. The PEMSs are used by various environment agencies to detect, monitor, and analyze pollution levels in the environment. Also, it has been observed that COVID-19 is a respiratory infection due to which maintaining the quality of air is of utmost importance to help the recovering as well as the recovered patients. This need also drives the demand for PEMSs and is expected to have a positive impact on the market during the forecast period.