Predictive Emission Monitoring System (PEMS) Market: Information by Component (Software: Real Time Emission Monitoring, Periodic Analyzers, Recalibration Software, Sensor Validation Software/System), Service: Installation, Training, Maintenance), Deployment (On-Premise, Online), Industry (Power Plants & Combustion, Oil & Gas, Chemicals, Petrochemicals, Refineries, & Fertilizers, Building Materials, Pharmaceuticals, Metal & Mining, Others), and Region —Forecast till 2030

Predictive Emission Monitoring System Market Overview

The global Predictive Emission Monitoring System (PEMS) market is estimated to register a CAGR of over 7.20% to reach USD 14.2 Billion by the end of 2030.

Predictive emission monitoring systems (PEMS) are software-based solutions utilized to provide accurate and reliable real-time estimations related to emission. PEMS uses various mathematical models which use process parameters such as flow, temperature, and pressure as input variables. However, the continuous emission monitoring systems (CEMS), on the other hand, are hardware-based systems that are used in manufacturing plants to monitor the emission of pollutants in the air.

COVID-19 Impact vs. Opportunities 

As the COVID-19 epidemic worsened, the semiconductor sector suffered severe financial losses and revenue reductions. One of the key causes of these losses in the semiconductor business has been decreased demand in major end application categories. The breakout of COVID-19 has had a double impact on the global electronics and IT industries. The manufacturer of electronic components and devices such as various sensors such as temperature sensors and other parts has come to a halt all across the world due to a shortage of workers and a slowdown in imports and exports.

COVID-19 has had a massive global influence, affecting practically every person, corporation, and industry. The outbreak of the pandemic wiped out many worldwide supply lines and brought many businesses to their knees. Stay-at-home legislative legislation generated a surge in telecommunications demand, and the tech industry saw some of the most dramatic developments as a result. Following the pandemic's focus on employee safety, semiconductor industry officials focused on preparing for the new normal in the post-COVID era. The semiconductor manufacturing companies are investing in smart manufacturing and other important digital market developments and mergers and acquisitions.

Market Dynamics:

Drivers:

• Increased Environmental Awareness:

Environmental awareness is a critical component in ensuring the planet's long-term sustainability, and everyone must commit to becoming more ecologically conscious. Ecological degradation is harmful to animals, plants, and humans, jeopardizing their long-term health and security. Now, more than ever, it is critical that comprehend the environmental consequences of actions. To become more environmentally conscious, one must also take steps to protect the world and, perhaps, erase some of the damage that has already been done by human activities

• Stringent Environmental Regulations:

Regulating the environmental condition is highly crucial. It has the power to prevent the worst excesses, and the existence of regulation and enforcement is a powerful deterrent in and of itself. Environmental law help preserve the environment, but it can also impose expenses on enterprises that may be viewed as excessive. When considering how to best manage a certain environmental issue, the costs and benefits of regulation in comparison to other measures should constantly be examined

Opportunities:

• Increasing Use Of Oil & Gas And Petrochemicals:

Petroleum has a wide range of applications, and the petroleum industry's environmental impact is likewise broad. Crude oil and natural gas are the main energy and raw material sources that support a wide range of modern-day activities and the global economy. During the extraction, processing, and transportation of oil and gas, large amounts of toxic and non-toxic waste are produced. When incorrectly managed, some industry by-products, such as volatile organic compounds, nitrogen and Sulphur compounds, and spilled oil, can pollute the air, water, and soil to dangerous levels. Fossil fuel extraction is the most significant contributor to the continual buildup of carbon in the earth's biosphere of all human activities. Emissions from the petroleum sector can be found throughout the entire oil-producing process, from extraction to consumption.

Restraint:

• High Cost of Deployment And Integration With The Existing Systems:

A predictive emissions monitoring system (PEMS) uses an empirical computer model to link the inputs (air and fuel) to the outputs (emissions) of a combustion system. Once a model for a specific installation has been created, emissions can be projected constantly with accuracy comparable to direct measurements used in continuous emission monitoring system (CEMS). In some cases, this type of system can replace CEMS to meet governmental compliance requirements

Value Chain Analysis

The PEMS market is growing steadily and is expected to upsurge in the near future. The predictive emission monitoring system (PEMS) market value chain has evolved from a conventional approach to highly efficient supply chain processes. The value chain includes the stages of design & development, system integration, and end-use industry

Segment Overview

The global predictive emission monitoring system (PEMS) market has been segmented on the basis of component, deployment, industry, and region.

By component, the predictive emission monitoring system (PEMS) market has been bifurcated into software and service. The software segment is further divided into real-time monitoring, periodic analyzers, recalibration software, and sensor validation software/system. The service segment is sub-divided into installation, training, and maintenance

By deployment, the predictive emission monitoring system (PEMS) market has been segmented into on-premise, online. The on-premise segment accounted for the larger market share of 65.8% in 2021, it is expected to register a CAGR of 7.20% during the forecast period

Based on industry, the predictive emission monitoring system (PEMS) market has been divided into power plants & combustion, oil & gas, chemicals, petrochemicals, refineries, & fertilizers, building materials, pharmaceutical, metal & mining, and others.

Regional Analysis

The predictive emission monitoring system (PEMS) market has been studied across Asia-Pacific, North America, Europe, and the Rest of the World. North America is expected to be the largest regional market during the forecast period. The US is one of the largest crude oil producers in the world and is driving the demand for PEMS in the region. Additionally, Canada, another leading producer in the world, exports its surplus oil to the US after satisfying its own needs. The US accounted for the largest market share of 91.0% in 2021, it is expected to register a CAGR of 7.20% during the forecast period.

The European Predictive Emission Monitoring System (PEMS) market is expected to grow owing to the stringent regulations laid down by European nations to tackle climate change problem. Additionally, some countries such as the Netherlands, Denmark, and France have developed their own guidelines for emission control systems, especially PEMS.

The Asia Pacific regional market is expected to grow steadily, as it is the most populous region in the world, with a large chunk of the global population residing in this region and comprising several developing nations.

Competitive Landscape

ABB Ltd (Switzerland), General Electric Company (US), Rockwell Automation Inc. (US), Fuji Electric Co. Ltd (Japan), Ametek Inc. (US), CMC Solutions (US), Teledyne Technologies Inc. (US), Trace Environmental Systems Inc. (US), Durag Group (US), Future CEMS (US) are the major players in the predictive emission monitoring system (PEMS) market. They primarily focus on the development of sophisticated predictive emission monitoring system (PEMS). Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. ABB focuses on technology innovation, which is critical to sustaining economic growth. The company focuses on enhancing its product portfolio and expanding its capacity and partner company ecosystem to support the customers in designing, developing, and deploying infrastructure solution-enabled effects.

The vendors with better technical and financial resources can develop innovative products that render the competitors' products obsolete and non-competitive even before they are launched or recover costs. Therefore, vendors are developing new technologies and staying abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.

Recent Developments

In January 2021, New Product Launch by ABB emission monitoring solution helped the maritime industry achieve decarbonization targets. CEMcaptain is a powerful emissions monitoring system from ABB designed to help the maritime industry meet these new regulations and become more sustainable.

In October 2019, AMETEK Land launched two new continuous emission monitoring systems (PM-CEMS) to provide accurate and reliable measurement of particulate matter from industrial combustion processes in stacks and ducts. Maximum measurement stability is achieved by the 4650-PM thanks to an advanced optical system with a lower angle of incidence than competing systems, resulting in a lower detection limit, while the optics are fixed for measurement reliability.

Report Overview

Predictive emission monitoring system (PEMS) has seen tremendous growth in the past couple of years. The market has been classified based on com component, deployment, industry, and region. The key factors contributing to the growth of the predictive emission monitoring system (PEMS) market include the increased environmental awareness and stringent environmental regulations. ABB Ltd (Switzerland), General Electric Company (US), Rockwell Automation Inc. (US), are expected to be the major players in the predictive emission monitoring system (PEMS) market during the projected period.

Objective of the Study

• To provide a comprehensive analysis of the predictive emission monitoring system (PEMS) market and its sub-segments in the global market, thereby providing a detailed structure of the industry


• To provide detailed insights into factors driving and restraining the growth of the global predictive emission monitoring system (PEMS) market


• To estimate the market size of the global predictive emission monitoring system (PEMS) market where 2019 would be the historic period, 2020 shall be the base year, and 2021 to 2027 will be the forecast period for the study


• To analyze the global predictive emission monitoring system (PEMS) market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World


• To provide country-wise market value analysis for various segments of the predictive emission monitoring system (PEMS) market


• To provide strategic profiling of key companies present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market


• To provide a value chain for the predictive emission monitoring system (PEMS) market

Scope of the Report

The scope of the global predictive emission monitoring system (PEMS) market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The predictive emission monitoring system (PEMS) market has been segmented based on component, deployment, industry, and region.

Intended Audience

• System Integrators


• OEMs/ODMs


• Defense System Manufacturers


• Electronic Component Manufacturers


• Service Providers


• Resellers and Distributors


• Consultancy and advisory firms


• Government Agencies


• Consulting Firms


• Research Institutes and Organizations


• Technology Standards Organizations