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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• Supply Chain Management and Logistics
• Research & Development (R&D)
• Enabling Technology
• Operational Technology
End Users Covered:
• Food & Beverage
• Metals & Mining
• Pulp & Paper
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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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