In a recent published report, Kenneth Research has updated the market report for U.S., Russia, China, and India IoT in Liquid Production Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S., Russia, China, and India IoT in Liquid Production Market products.
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U.S. IoT in liquid production market reached USD 5,159.0 Million in 2016 and is expected to reach USD 16,816.5 Million by the end of 2024, expanding at a CAGR of 16.3% over the forecast period i.e. 2017-2024. Moreover, factors such as positive growth of end use industries and advancements in IoT components is creating a conducive environment for the growth of U.S. IoT in liquid production market.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
In U.S., IoT in oil & gas liquid production accounted for 42.5% in 2016. Further, with a CAGR of 15.2%, U.S. IoT in oil & gas liquid production market is anticipated to reach USD 6,625.7 Million by the end of 2024 from USD 2,192.6 Million in 2016.
In IoT type segment, component segment with 60.5% share is anticipated to have the largest share by 2024. Additionally, U.S. IoT component market accounted for USD 3,333.7 Million in 2016 and is forecasted to reach USD 10,180.7 Million by the end of 2024. Further, U.S. IoT component market segment is forecasted to observe a growth rate of 2.7x over the forecast period.
China market is expected to expand at a CAGR of 15.9% during the forecast period i.e. 2017-2024. In addition to this, China IoT in liquid production market is expected to reach USD 11,865.8 Million by the end of 2024 from USD 3,754.8 Million in 2016. Further, China IoT in liquid production market expected to achieve Y-o-Y growth rate of 19.6% in 2024 as compared to previous year.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
In addition to this, China IoT in liquid production market is segmented into application and type. The application segment is further segmented into food & beverage industry, oil & gas industry, chemical industry and others, out of which, oil & gas industry segment with 41.1% market share captured largest share in 2016. Further, China IoT in oil & gas industry market is anticipated to reach USD 4,437.8 Million by the end of 2024 from USD 1,543.2 Million in 2016. In addition to this, China IoT in oil & gas industry market is expected to achieve Y-o-Y growth rate of 18.2% in 2024 as compared to previous year.
India IoT in liquid production market was held at USD 850.7 Million in 2016 and is anticipated to reach USD 3,300.4 Million by the end of 2024. India IoT in liquid production market is expected to achieve absolute $ opportunity of USD 2,315.8 Million between 2017-2024. India IoT in liquid production market is expected to achieve Y-o-Y growth rate of 22.7% in 2024 as compared to previous year.
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
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Additional Company Information
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“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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