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.
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.
In 2019, the market size of Automation in Chemicals Petrochemicals is 4160 million US$ and it will reach 6630 million US$ in 2025, growing at a CAGR of 6.9% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automation in Chemicals Petrochemicals.
This report studies the global market size of Automation in Chemicals Petrochemicals, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automation in Chemicals Petrochemicals production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB
Emerson Electric
Honeywell
Siemens
Yokogawa Electric
...
Market Segment by Product Type
Distributed control system (DCS)
Supervisory control and data acquisition (SCADA)
Manufacturing execution system (MES)
Programmable logic controller (PLC)
Advanced process control (APC)
Market Segment by Application
Chemicals
Petrochemicals
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automation in Chemicals Petrochemicals status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automation in Chemicals Petrochemicals manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automation in Chemicals Petrochemicals are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automation in Chemicals Petrochemicals. Industry analysis & Market Report on Automation in Chemicals Petrochemicals is a syndicated market report, published as Global (United States, European Union and China) Automation in Chemicals Petrochemicals Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automation in Chemicals Petrochemicals market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.