Nov 4, 2022   SOURCE: BusinessWire

IoT in Chemical Industry Market Report 2022: Forward Integration, Superior Predictive Maintenance, and Quality Assurance Driving Adoption - ResearchAndMarkets.com

The "IoT in Chemical Industry Market By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The IoT in chemical industry market was valued at $57.4 billion in 2021, and is projected to reach $193.9 billion by 2031, growing at a CAGR of 13.3% from 2022 to 2031.

Internet of Things (IoT) is a network of interconnected devices that enable communication and transfer of data by use of embedded sensors. IoT platform includes smart devices connected through web that collect, analyze, and manage data using tools, such as sensors, communication hardware, and processors.

IoT represents new reality of production. IoT in the chemical industry helps to improve the productivity of work and enhance the operational efficiency of the chemical processes, which has led to its massive use by numerous players involved in the chemical production business. The IoT offers forward integration, superior predictive maintenance, and quality assurance, which is predicted to foster the IoT in chemical industry market growth in coming years.

For the purpose of analysis, the IoT in chemical industry market scope covers technology type, application, and region. The report outlines the details about IoT in chemical industry technology types including industrial, big data, artificial intelligence, AR and VR, machine vision, 3D printing, digital twin, plant asset management, manufacturing execution system, distributed control system, and others. The use of IoT in chemical industry in various applications, including petrochemicals & polymers, fertilizers & agrochemicals, and others are analyzed in the report. Moreover, it analyzes the current market trends of IoT in chemical industry across different regions, such as North America, Europe, Asia-Pacific-Pacific, and LAMEA and suggests the future growth opportunities.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

Key Market Segments

By Technology

  • Machine Vision
  • 3D Printing
  • Digital Twin
  • Plant Asset Management
  • Manufacturing Execution System
  • Distributed Control System
  • Industrial Robotics
  • Big Data
  • Artificial Intelligence
  • AR and VR
  • Others

By Application

  • Petrochemicals and Polymers
  • Fertilizers and Agrochemicals
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa,
  • Saudi Arabia
  • Rest Of LAMEA

Key Market Players

  • ABB Ltd
  • ALTIZON INC
  • Atos SE
  • Cisco Systems Inc.
  • Emerson Electric Co.
  • ENDRESS+HAUSER AG
  • FANUC CORPORATION
  • General Electric
  • Honeywell International Inc.
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • Rockwell Automation Inc.
  • SCHNEIDER ELECTRIC SE
  • Siemens AG
  • Yokogawa Electric Corporation

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: IOT IN CHEMICAL INDUSTRY MARKET, BY TECHNOLOGY

CHAPTER 5: IOT IN CHEMICAL INDUSTRY MARKET, BY APPLICATION

CHAPTER 6: IOT IN CHEMICAL INDUSTRY MARKET, BY REGION

CHAPTER 7: COMPANY LANDSCAPE

CHAPTER 8: COMPANY PROFILES

Companies Mentioned

  • Abb Ltd
  • Altizon Inc
  • Atos Se
  • Cisco Systems Inc.
  • Emerson Electric Co.
  • Endress+Hauser AG
  • Fanuc Corporation
  • General Electric
  • Honeywell International Inc.
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • Rockwell Automation Inc.
  • Schneider Electric Se
  • Siemens AG
  • Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ln675m