The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global IoT in chemical industry market size is expected to grow from $63.31 billion in 2022 to $70.31 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The global IoT in chemical industry market size is expected to grow to $106.62 billion in 2027 at a CAGR of 11.0%.

What will drive the IoT in chemical industry market?
The growing use of industrial robots is likely to drive IoT growth in the chemical industry market.

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Who are the major players in the market?
Major Market Players in the IoT in chemical industry market include Siemens AG, General Electric Company, ABB Ltd., Rockwell Automation Inc., Emerson Electric Co., Yokogawa Electric Corporation.

Which trend is gaining popularity in the IoT in chemical industry market?
The deployment of IoT platforms has emerged as a key trend gaining traction in the IoT market in the chemical industry. To maintain their market position, major IoT businesses in the chemical industry are focusing on the implementation of industrial IoT platforms at chemical plants.

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How is the IoT in chemical industry market segmented?

Global IoT In Chemical Industry Market Segments Include:

• By Technology: Machine Vision, 3D Printing, Digital Twin, Plant Asset Management, Manufacturing Execution System, Distributed Control System, Industrial robotics, Big Data, Artificial Intelligence, AR or VR
• By Process: Research and Development, Procurement, Packaging, Supply Chain Management and Logistics
• By End User: Metals and Mining, Food and Beverages, Chemical, Pharmaceutical, Pulp and Paper
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global IoT in chemical industry market in 2021.

The IoT In Chemical Industry Global Market Report 2023  provides an overview of the IoT in chemical industry market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IoT in chemical industry market forecast analyzes IoT in chemical industry market size, IoT in chemical industry market share, leading competitor and their market positions.

IoT solutions in the chemical sector collect data from equipment to monitor variables that control process performance and product quality. Chemical engineers can utilise it to improve chemical process control, increasing the likelihood of reproducible results while decreasing the possibility of production pauses or shutdowns.

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