Global Internet of Things in the Chemical Market Insights, Forecast to 2028

The increasing adoption of industrial robots, the development of the Internet of Things (IoT), the growing demand for intelligent automation solutions, and the increasing emphasis on regulatory compliance. The Asia-Pacific region is a key market for the chemical industry IoT worldwide, followed by North America and Europe. In terms of value, the supporting technology sector is expected to lead the IoT chemical industry market. There is increasing focus on reducing risks associated with the chemical and metal industries. Increasing environmental concerns due to the release of chemicals from factories, as well as recycling. The increasing emphasis on the economy is driving the need for digital transformation, which is driving the Internet of Things in the chemical industry market.
Market Analysis and Insights: Global Internet of Things in the Chemical Market
Due to the COVID-19 pandemic, the global Internet of Things in the Chemical market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Enabling Technology accounting for % of the Internet of Things in the Chemical global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Mining and Metals segment is altered to an % CAGR throughout this forecast period.
China Internet of Things in the Chemical market size is valued at US$ million in 2021, while the US and Europe Internet of Things in the Chemical are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Internet of Things in the Chemical landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Internet of Things in the Chemical include Siemens AG, General Electric, ABB, Rockwell Automation, Emerson Electric, Yokogawa Electric Corporation, Honeywell International and Mitsubishi Electric Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Internet of Things in the Chemical Scope and Segment
Internet of Things in the Chemical market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Internet of Things in the Chemical market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Enabling Technology
Operational Technology
Segment by Application
Mining and Metals
Food and Beverages
Chemicals
Pharmaceuticals
Paper and Pulp
By Company
Siemens AG
General Electric
ABB
Rockwell Automation
Emerson Electric
Yokogawa Electric Corporation
Honeywell International
Mitsubishi Electric Corporation
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE