Customized Green Warehouse Facility Market for Chemical Industry - Increased Use of IoT and Technology Drives Growth | Techna...
April 14 2018 - 1:24PM
Business Wire
Technavio’s latest market research report on the global
customized green warehouse facility market for the chemical
industry provides an analysis of the most important trends
expected to impact the market outlook from 2018-2022.
Technavio defines an emerging trend as a factor that has the
potential to significantly impact the market and contribute to its
growth or decline.
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the full release here:
https://www.businesswire.com/news/home/20180414005050/en/
Technavio has published a new market
research report on the customized green warehouse facility market
for the chemical industry 2018-2022 under their transportation and
logistics library. (Graphic: Business Wire)
According to Technavio market research analysts, the global
customized green warehouse facility market for the chemical
industry will grow at a CAGR of over 3% during the forecast
period. The increasing demand for cost-effective warehousing is a
major factor driving the market’s growth.
The increase in the energy cost is driving various chemical
companies toward more sustainable business operations. The energy
use is being cut down by cost-effective and sustainable warehouse
operations. The combined use of green practices and smart
technology is adapted to save energy cost. For instance, the use of
a motor-driven roller conveyor equipped with a sensor is one of the
green strategies adopted by warehousing facilities or distribution
centers. The conveyor sensors ensure that the conveyor belt starts
moving when the product is in proximity and stops when the product
passes. This makes sure that the conveyors do not run unless there
is a product on it, thereby saving energy.
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In this report, Technavio highlights the increased use of IoT
and technology in warehousing as one of the key emerging trends
driving the global customized green warehouse facility
market for the chemical industry:
Increased use of IoT and technology in
warehousing
The increased use of technology is extending the green supply
chain benefits to the warehousing service providers. The vendors
provide tools and techniques for automating business process areas,
integrating cross-functional business process components, and
effectively identifying, tracking, quantifying, and reporting on
various sustainability drivers. The IoT involves the use of sensors
and robotic systems in warehousing facilities. The analytics tools
are used to process data in the most productive, efficient,
convenient, and safe ways.
“The use of battery-driven or automated
guided vehicles, automated conveyor belts, RFID enabled tags, AS
systems and WMS will make warehousing operations lean and result in
cost savings. For instance, to store the same volume of products
the warehouses that are equipped with AS systems use around 40%
lesser space,” says a senior analyst at Technavio for research on
warehouse and storage.
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Global customized green warehouse
facility market for the chemical industry – segmentation
analysis
This market research report segments the global customized green
warehouse facility market for the chemical industry into the
following applications (temperature-controlled warehousing and no
temperature-controlled warehousing) and key regions (the Americas,
APAC, and EMEA).
In 2017, EMEA dominated the global customized green warehouse
facility market for the chemical industry, by accounting for a
market share of close to 37%. It was followed by the Americas and
APAC. The EMEA region is expected to witness steady growth during
the forecast period.
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version on businesswire.com: https://www.businesswire.com/news/home/20180414005050/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com