Global IoT In Chemical Industry Market Segments 2024, Forecast To 2033
5 Mar, 2024
The IoT in the chemical industry market has experienced rapid growth, increasing from $70.85 billion in 2023 to $79.01 billion in 2024, with an 11.5% CAGR. The historic period's growth is attributed to process optimization and data analytics. Expecting rapid growth, the market is projected to reach $122.17 billion in 2028 with an 11.5% CAGR, driven by smart chemical plants and cybersecurity solutions.
Global IoT In Chemical Industry Market Key Driver
IoT in the chemical industry market growth is influenced by the increasing adoption of industrial robots. Over 517,385 new industrial robots were installed worldwide in 2021, marking a 31% year-on-year increase. The rising adoption of industrial robots drives the IoT in the chemical industry market, according to the International Federation of Robotics.
Get A Free Sample Of The Global IoT In Chemical Industry Market ReportGlobal IoT In Chemical Industry Market Segments
The iot in chemical industry market covered in this report is segmented –
1) By Technology: Machine Vision, 3D Printing, Digitial Twin, Plant Asset Management, Manufacturing Execution System, Distributed Control System, Industrial robotics, Big Data, Artificial Intelligence, AR or VR
2) By Process: Research and Development, Procurement, Packaging, Supply Chain Management and Logistics
3) By End User: Metals and Mining, Food and Beverages, Chemical, Pharmaceutical, Pulp and Paper
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the IoT in the chemical industry market in 2023. The regions covered in the iot in chemical industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major IoT In Chemical Industry Industry Players
Siemens AG; ABB Ltd.; Altizon Inc.; Atos SE; Cisco Systems Inc.; General Electric Company; Honeywell International Inc.; International Business Machines Corporation; Microsoft Corporation; Mitsubishi Electric Corporation; Robert Bosch GmbH; Rockwell Automation Inc.; Schneider Electric SE; Yokogawa Electric Corporation; Accenture plc; SAP SE; Oracle Corporation; PTC Inc.; Hitachi Ltd.; Intel Corporation; Huawei Technologies Co. Ltd.; Dell Technologies Inc.; Hewlett Packard Enterprise Development LP; Fujitsu Limited; NEC Corporation; Infosys Limited; Wipro Limited; Tata Consultancy Services Limited; Aspen Technology Inc.; Emerson Electric Co.; OSIsoft LLC
Get The Full Global IoT In Chemical Industry Market Report
AIOps IoT In Chemical Industry Market Overview
IoT in the chemical industry refers to IoT-enabled solutions that collect data from equipment to monitor variables that control process performance and product quality. It can be used by chemical engineers to enhance chemical process control to raise the chance of repeatable results while lowering the likelihood of production pauses or shutdowns.
IoT In Chemical Industry Global Market Report 2023 provides data on the global iot in chemical industry market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The iot in chemical industry market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.