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Global Portable Emissions Measurement Systems (PEMS) Industry Market Dynamics & Strategic Insights (2023 – 2031)
The Portable Emissions Measurement Systems (PEMS) market is expected to grow strongly in the forecasted years. Growing demand from the automotive industries especially for an increasing importance for accurate and cost-effective testing is projected to fuel the growth of the market. Portable Emissions Measurement Systems has its application in passenger car and commercial car vertical. Growing demand from the end users as well the need for catering to the emission regulation across regions are key factors estimated drive Portable Emissions Measurement Systems market. PEMS offers a wholesome and very precise real-time monitoring of the pollutants emitted by the engines together with the associated engine, vehicle, and other ambient parameters. These factors are expected to augment the product demand in coming years.
The Portable Emissions Measurement Systems Market is expected to grow at a CAGR of 4.48% during the forecasted period of 2020-2028. The market growth is mainly fueled by growing environmental awareness, rising emission regulations in Europe, as well the cost effectiveness of the PEMS. Rising product popularity and ease of integration with the car is pushing the market growth. A number of countries have started to implement laws for the control carbon and nitrogen oxide emission.
The Portable Emissions Measurement Systems Market is witnessing a substantial growth across vendors especially in both the developed & developing nations. The Portable Emissions Measurement Systems Market is expected to reach USD 488.1 million by 2028 from USD 336.2 million in 2019, at a CAGR of 4.48% from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). European region accounted for major shares of the global market. The increasing regulations across Europe towards the automotive emission, presence of key players, growing automotive hubs are fueling the demand for Portable Emissions Measurement Systems over the world. Product duplications, fluctuating prices of the raw material and multiple product recall is hindering Portable Emissions Measurement Systems Market in some extent.
Asia Pacific region is the fastest growing market. The Asia Pacific region due to growing population, demand for car from the end user is growing, rising government regulations has resulted in the exponential demand in last few years especially from Chinese, Japanese and Indian market.
The Portable Emissions Measurement Systems Market is segmented on the basis of Product Types, By Application Types, and by Region. The Application types in this Market are, Passenger Car & Commercial Vehicles. In which Passenger Car segment type holds the 81% of market share in 2019. And is expected to be growing at a CAGR of 4.27% in the forecasted period.
The Portable Emissions Measurement Systems Market by Product Type is segmented into Real Driving Emissions, and Integrated PEMS. Real Driving Emissions Product Type is estimated to grow at a CAGR of 4.23% in the forecasted period and it holds the 86% of market share.
Key companies profiled in the report are Dekra, TUV Hessen, Horiba, SGS, ZUMBACH, APL group, Emissions Analytics, Testo, ABMARC etc. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Portable Emissions Measurement Systems providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
The Portable Emissions Measurement Systems Market is expected to grow at a CAGR of 4.48% during the forecasted period of 2020-2028. The market growth is mainly fueled by growing environmental awareness, rising emission regulations in Europe, as well the cost effectiveness of the PEMS. Rising product popularity and ease of integration with the car is pushing the market growth. A number of countries have started to implement laws for the control carbon and nitrogen oxide emission.
The Portable Emissions Measurement Systems Market is witnessing a substantial growth across vendors especially in both the developed & developing nations. The Portable Emissions Measurement Systems Market is expected to reach USD 488.1 million by 2028 from USD 336.2 million in 2019, at a CAGR of 4.48% from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). European region accounted for major shares of the global market. The increasing regulations across Europe towards the automotive emission, presence of key players, growing automotive hubs are fueling the demand for Portable Emissions Measurement Systems over the world. Product duplications, fluctuating prices of the raw material and multiple product recall is hindering Portable Emissions Measurement Systems Market in some extent.
Asia Pacific region is the fastest growing market. The Asia Pacific region due to growing population, demand for car from the end user is growing, rising government regulations has resulted in the exponential demand in last few years especially from Chinese, Japanese and Indian market.
The Portable Emissions Measurement Systems Market is segmented on the basis of Product Types, By Application Types, and by Region. The Application types in this Market are, Passenger Car & Commercial Vehicles. In which Passenger Car segment type holds the 81% of market share in 2019. And is expected to be growing at a CAGR of 4.27% in the forecasted period.
The Portable Emissions Measurement Systems Market by Product Type is segmented into Real Driving Emissions, and Integrated PEMS. Real Driving Emissions Product Type is estimated to grow at a CAGR of 4.23% in the forecasted period and it holds the 86% of market share.
Key companies profiled in the report are Dekra, TUV Hessen, Horiba, SGS, ZUMBACH, APL group, Emissions Analytics, Testo, ABMARC etc. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Portable Emissions Measurement Systems providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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