The Internet Of Things (IoT) In The Chemical Global Market Report 2023, provides comprehensive information on the internet of things (IoT) in the chemical market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Internet Of Things (IoT) In The Chemical Market’s Growth:
As per The Business Research Company’s Internet Of Things (IoT) In The Chemical Global Market Report 2023, the market size is expected to grow from $57.35 billion in 2022 to $66.16 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of Internet of Things (IoT) in the chemicals market is expected to reach $111.3 billion in 2027 at a CAGR of 13.9%.
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Technological advancements are a key trend gaining popularity on the Internet of Things (IoT) in the chemical market. Companies operating on the Internet of Things (IoT) in the chemical market are adopting new technologies to sustain their position in the market. For instance, in January 2022, State Industrial Products, a US-based chemical manufacturer and distributor of water treatment chemicals, disinfectants, and other products, launched new IoT platform technology named StaWatch. It is the latest Internet of Things (IoT) solution for the commercial and industrial segments. Using IoT technology, StaWatch enables State to remotely monitor and operate its cooling tower system remotely for clients around-the-clock.
The internet of things (IoT) in the chemical market is segmented:
1) By Technology Type: Machine Vision, 3D Printing, Manufacturing Execution Systems, Distributed Control Systems, Industrial Robotics, Big Data, Artificial Intelligence, Augmented Reality And Virtual Reality, Other Technologies
2) By Industry: Large Enterprises, Small And Medium-Sized Enterprises
3) By End User: Metals And Mining, Food And Beverages, Chemical, Pharmaceutical, Pulp And Paper
North America was the largest region in the internet of things (IoT) in the chemical market in 2022.
The table of contents in TBRC’s internet of things (IoT) in the chemical market report includes:
- Executive Summary
- Internet of Things (IoT) In The Chemical Market Characteristics
- Internet of Things (IoT) In The Chemical Market Trends And Strategies
- Internet of Things (IoT) In The Chemical Market – Macro Economic Scenario
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- Global Internet of Things (IoT) In The Chemical Market Competitive Benchmarking
- Global Internet of Things (IoT) In The Chemical Market Competitive Dashboard
- Key Mergers And Acquisitions In The Internet of Things (IoT) In The Chemical Market
- Appendix
Top 5 Major Key Players Are:
- Microsoft Corporation
- BASF SE
- Huawei Technologies Co. Ltd
- Hitachi Ltd
- Siemens AG
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