Automation in Chemicals Petrochemicals market will reach 6630 million US$ by the end of 2025
Some of the Leading key Company’s Covered for this Research are ABB, Emerson Electric, Honeywell, Siemens & Yokogawa Electric.
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Global automation market in the Chemicals Petrochemicals market to grow at a CAGR of more than 7% by 2020. The recent rise in capital and R&D investments for automation solutions is a critical factor that propels growth in this market. Also, rapid industrial development in emerging economies like China, India, and Brazil will bolster the need for automation products and services across various industries.
According to the report, the US government has enacted stringent regulations and policies for manufacturing industries such as automotive, foods and beverages, consumer packaged goods, chemicals, and pharmaceuticals. It has imposed regulations and policies for good manufacturing practices with a view to improve public safety and to meet international quality standards.
The growing use of cloud computing and big data analytics in the chemicals and petrochemicals industry will impel market growth during the forecast period. The implementation of cloud computing and big data analytics in this industry will help manufacturers to expand their data storage facilities, boost operational flexibility, and enhance scalability during the manufacturing process. The ability of cloud-based and big data analytics to promote product lifecycle management and to help improve supply chain management will result in its augmented adoption during the predicted period.
The global Automation in Chemicals Petrochemicals market is valued at 4160 million US$ in 2017 and will reach 6630 million US$ by the end of 2025, growing at a CAGR of 6.9% during 2018-2025.
Important Features that are under offering & key highlights of the report:
1) Who are the Leading Key Company in Global Automation in Chemicals Petrochemicals market space?
Following are list of players that are currently profiled in the report “ABB, Emerson Electric, Honeywell, Siemens & Yokogawa Electric”
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) What will the market size be in 2025 and what will the growth rate be?
In 2019, the Global Automation in Chemicals Petrochemicals market size was xx million USD and it is expected to reach USD xx million by the end of 2025, with a CAGR of xx% during 2019-2025.
3) What are the Market Applications & Types:
The study is segmented by following Product Type: , Distributed control system (DCS), Supervisory control and data acquisition (SCADA), Manufacturing execution system (MES), Programmable logic controller (PLC) & Advanced process control (APC)
Major applications/end-users industry are: Chemicals & Petrochemicals
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
To comprehend Global Automation in Chemicals Petrochemicals market dynamics in the world mainly, the worldwide Automation in Chemicals Petrochemicals market is analyzed across major regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
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Competitive Analysis:
The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as ABB, Emerson Electric, Honeywell, Siemens & Yokogawa Electric includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
Research Parameter/ Research Methodology
Primary Research:
The primary sources involves the industry experts from the Global Automation in Chemicals Petrochemicals industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Automation in Chemicals Petrochemicals in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
Secondary Research:
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
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In this study, the years considered to estimate the market size of Global Automation in Chemicals Petrochemicals are as follows:
History Year: 2013-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Key Stakeholders in Global Automation in Chemicals Petrochemicals Market:
Global Automation in Chemicals Petrochemicals Manufacturers
Global Automation in Chemicals Petrochemicals Distributors/Traders/Wholesalers
Global Automation in Chemicals Petrochemicals Subcomponent Manufacturers
Industry Association
Downstream Vendors
**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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