SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet of Things (IoT) in Chemical Industry - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 741
Companies: 37 - Players covered include 3D Systems Corporation; ABB Ltd.; Atos SE; Cisco Systems, Inc.; Denso Corporation; Emerson Electric Co.; Fanuc Corporation; Fortive; General Electric Co.; Hewlett Packard Enterprise Company; Honeywell International Inc.; International Business Machines Corporation; Microsoft Corporation; Mitsubishi Electric Corporation; Qualcomm Inc.; Rockwell Automation, Inc.; Samsung Electronics Co. Ltd; Schneider Electric SE; Siemens AG; Stratasys Ltd.; Texas Instruments Inc.; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (Enabling Technology, Operational Technology); Vertical (Chemicals, Pharmaceuticals, Food & Beverage, Paper & Pulp, Mining & Metals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Internet of Things (IoT) in Chemical Industry Market to Reach $9.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Chemical Industry estimated at US$5.8 Billion in the year 2020, is projected to reach a revised size of US$9.5 Billion by 2026, growing at a CAGR of 8.3% over the analysis period. Enabling Technology, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$6.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Operational Technology segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Internet of Things (IoT) in Chemical Industry market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 7.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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