Customized Green Warehouse Facility Market for Chemical Industry - Increased Use of IoT and Technology Drives Growth | Techna...

Date : 04/14/2018 @ 1:24PM
Source : Business Wire

Customized Green Warehouse Facility Market for Chemical Industry - Increased Use of IoT and Technology Drives Growth | Techna...

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.

This press release features multimedia. View 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.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

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.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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.

  Technavio’s best deals of the month!

Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.

OR

Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200www.technavio.com

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V:us D:20180420 23:41:22