MarketersMEDIA / Newsroom / Global IoT in Chemical Industry Market is expected to reach $105.68 billion by 2027 growing at a CAGR 10.7% during 2018 to 2027.

Global IoT in Chemical Industry Market is expected to reach $105.68 billion by 2027 growing at a CAGR 10.7% during 2018 to 2027.

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Some of the key players in the IoT in Chemical Industry market include General Electric Co, ABB Ltd, Emerson Electric Co, Siemens AG, Yokogawa Electric Corporation, Mitsubishi Electric Corporation and 3D Systems Corporation.

— Growing demand for industry-specific solutions and adoption of industrial robots are likely to boost the growth of the market. However, high product costs are likely to hamper the market growth.

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Chemical industries are associated with toxic products hence risk management remains an essential concern. With the adaption of IoT in chemical industries, the risk can be reduced by safety management system assured by improved monitoring assets, processes, people, and products on a continuous and real-time basis.

Based on the End User, the Chemical segment is having a huge demand due to increasing use of petrochemicals for various applications and the increased refinery output have driven its demand, which, in turn, increases the demand for IoT in Chemical Industry.

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By geography, The Asia Pacific estimated to witness significant growth during the forecast period owing to rising investments in the manufacturing industries such as construction, food & beverage, and HVAC (Heating, ventilation, & air conditioning).

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Process Covered:
• Supply Chain Management and Logistics
• Research & Development (R&D)
• Procurement
• Packaging
• Manufacturing

Types Covered:
• Enabling Technology
• Operational Technology

End Users Covered:
• Food & Beverage
• Metals & Mining
• Pharmaceutical
• Pulp & Paper
• Chemical

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-iot-in-chemical-industry-market-is-expected-to-reach-10568-billion-by-2027-growing-at-a-cagr-107-during-2018-to-2027/88946816

Source: MarketersMedia

Release ID: 88946816

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