Press release
Market Growth in Automation in Chemicals Petrochemicals
Automation in Chemicals Petrochemicals
Global automation market in theChemicals 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.
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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.
The study objectives of this report are:
To analyze and study the global Automation in Chemicals Petrochemicals capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Automation in Chemicals Petrochemicals manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Key Stakeholders
Automation in Chemicals Petrochemicals Manufacturers
Automation in Chemicals Petrochemicals Distributors/Traders/Wholesalers
Automation in Chemicals Petrochemicals Subcomponent Manufacturers
Industry Association
Downstream Vendors
The major manufacturers covered in this report
ABB
Emerson Electric
Honeywell
Siemens
Yokogawa Electric
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Distributed control system (DCS)
Supervisory control and data acquisition (SCADA)
Manufacturing execution system (MES)
Programmable logic controller (PLC)
Advanced process control (APC)
By Application, the market can be split into
Chemicals
Petrochemicals
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