For the providers of emission management solutions, the global management of atmospheric emissions is opening up new business prospects. Catalytic converters, particulate filters, traps & adsorbers, and substrates are just a few of the cutting-edge emission control technologies that are helping to expand the emissions management market.
The majority of nations are implementing emissions management to reduce emissions from a variety of sources for environmental analysis. Additionally, emissions management offers comprehensive emission management and simplifies the procedure for gathering and computing emission data.
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Emissions Management Market: Drivers and Challenges
Drivers
The global market for emission management is expanding due to the increasing requirement for emission control. In the short term, the adoption of emission management is boosted by the implementation of strict environmental quality control norms by developed countries. Eventually, it is anticipated that developing countries will also implement similar norms, which is likely to increase the market demand for emission management solutions in the long run.
Parallel to this, global emission control measures have grown as a result of rising industrial air pollutants. These elements are generating potential growth prospects for international providers of emission management solutions.
Challenges
One of the key factors that could impede the growth of the emissions management market in the near future is the high investment cost. Additionally, interoperability and compatibility problems are some of the challenges that could prevent emissions management from being widely adopted throughout the predicted period.
The emission management market’s power generation subsegment is anticipated to grow at a rate exceeding 10.4% CAGR due to the quickening pace of technical development. For the worldwide emission management market in 2018, the oil & gas subsegment is anticipated to hold the largest market share.
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Emissions Management Market: Competition Landscape
Key Players
General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Fujian Longking Co., Ltd., Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., AMEC Foster Wheeler PLC, CECO Environmental Corp., Hamon Corporation, Thermax Ltd., and BASF SE are some of the well-known players in the emissions management market. There are also other companies that offer solutions and services for emissions management.
The report covers exhaustive analysis on
- Emissions Management market Segments
- Market Dynamics of Emissions Management market
- Historical Actual Market Size, 2013 – 2017
- Market Size & Forecast 2018 to 2028
- Value Chain of Emissions Management market
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
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Emissions Management Market: Segmentation
Segmentation of Emissions Management Market on the basis of Component
- Software
- Hardware
- Services
Due to improvements in IT technology, the software sub-segment held the largest market share of the emission management market in 2017. The worldwide emission management market is anticipated to grow rapidly in the hardware sector as well.
Segmentation of Emissions Management Market on the basis of Deployment:
- On-premise
- Cloud
Segmentation of Emissions Management Market on the basis of End-User:
- Large Enterprisers
- Small and Medium Enterprises
Segmentation of Emissions Management Market on the basis of Vertical:
- Oil & Gas
- Food & Beverages
- Power Generation
- Chemical & Mining
- Leather & Textile
- Coal & Mining
- Others
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