Emission Monitoring System Market Size

Emission Monitoring System Market size is expected to surpass USD 9 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of emission monitoring systems was USD 4 Billion. The growth of the market is predicted to rise on account of rising demand for coal-based power plants. The amount of coal used worldwide is predicted to increase by over 2% in 2022, breaking the previous record set in 2013 and crossing close to 9 billion tonnes in a single year for the first time. Therefore, the prevalence of emissions is also surging from this growth. Hence, the emission monitoring system market growth for emission monitoring systems is also projected to rise. 

Furthermore, the strict environmental laws and regulations enforced by governments and regulatory bodies, such as the United States Environmental Protection Agency (EPA), the European Union Industrial Emissions Directive (IED), and the National Environmental Laws and Regulations in Canada, among others, are another major factor driving the demand for these systems. Environmental regulatory agencies force industries to use EMS to monitor pollution releases.