GITNUX MARKETDATA REPORT 2024

Ai In The Cement Industry Statistics

AI is expected to significantly improve efficiency, reduce costs, and enhance overall productivity in the cement industry through predictive maintenance, process optimization, and energy management.

Statistic 1

"In 2019, the global cement industry produced around 4.1 billion tons of CO2, accounting for 8% of total global emissions."

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Statistic 2

"AI in cement industry market is expected to reach a CAGR of 6.2% in 2026."

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Statistic 3

"Cement plants that embraced AI have seen a 16% increase in their production volume."

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Statistic 4

"The predictive maintenance market, which includes AI technologies for cement industry, is projected to reach $12.3 billion by 2025."

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Statistic 5

"The adoption of AI could reduce the energy costs in cement industry by 10-20%."

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Statistic 6

"Around 60% of the operating costs of a cement plant are energy costs, AI can significantly reduce these costs."

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Statistic 7

"AI adoption in the cement industry could potentially create a $1.2 to $3.6 trillion economic value globally."

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Statistic 8

"The percentage of cement companies worldwide investing in AI grew from 22% in 2018 to 47% in 2020."

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Statistic 9

"AI can reduce unplanned plant shutdowns, which can cost cement companies $5000-$15000 per hour, by up to 50%."

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Statistic 10

"By leveraging AI, cement industry can reduce maintenance costs by 10-40%."

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Statistic 11

"India, being the second-largest producer of cement, is anticipated to have a fast growth rate at CAGR 14% in AI in cement industry until 2025."

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Statistic 12

"By 2023, 35% of large global cement, metals and paper manufacturers will use AI and IoT to increase operational efficiency by 15%."

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Statistic 13

"The cement industry has a digital maturity score of 0.3 out of 1, reflecting a relatively nascent adoption of AI technology."

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Statistic 14

"Efficiency rates in cement production can be improved by 10% through digitization and AI."

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Statistic 15

"AI can reduce cement plants' carbon emissions by up to 15%, a significant contribution towards green initiatives."

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Statistic 16

"Only 1 in 4 cement companies can scale digital projects. AI technology can assist in this process."

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Statistic 17

"Energy costs in the cement industry can be reduced from 40% to 20% by implementing AI-based predictive maintenance systems."

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Statistic 18

"Cement companies which have deployed AI have seen up to a 20% reduction in production costs."

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Statistic 19

"Cement plants that have adopted AI technologies have seen a 5% increase in labor productivity."

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