The Latest Industrial Industry Statistics Explained
The global industrial sector was expected to grow at an annual growth rate of 2.3% between 2015 and 2020.
The statistic stating that the global industrial sector was projected to grow at an annual rate of 2.3% between 2015 and 2020 provides insight into the anticipated expansion of industrial activities on a worldwide scale over that period. This growth rate represents the expected average annual increase in the industrial sector’s output and performance during those years. An annual growth rate of 2.3% suggests a gradual but steady expansion, indicating positive momentum and potential opportunities for the sector. Factors such as technological advancements, economic conditions, and global demand for industrial products likely influenced this growth projection, highlighting the importance of monitoring and analyzing such statistics for businesses, policymakers, and stakeholders in the industrial sector.
The global market size of the Industrial IoT was recorded as $77.3 billion in 2020.
The statistic stating that the global market size of the Industrial Internet of Things (IIoT) was $77.3 billion in 2020 represents the total value of goods and services related to IIoT technology that were exchanged throughout the world during that year. This figure encompasses the sales of IIoT devices, software, and services used in various industrial sectors such as manufacturing, energy, transportation, and healthcare. The size of the IIoT market is indicative of the increasing adoption of smart technologies in industrial settings to improve efficiency, productivity, and decision-making processes. This statistic serves as a key indicator of the growth and significance of the IIoT industry in driving digital transformation and innovation on a global scale.
Predictions show that the global Industrial Robotics market size is projected to reach $42.57 billion by 2026.
This statistic suggests that the global Industrial Robotics market is expected to continue growing significantly, with predictions indicating that it will reach a value of $42.57 billion by the year 2026. This projection reflects an anticipated increase in demand for industrial robots across various sectors such as manufacturing, automotive, electronics, and healthcare, driven by factors such as automation, technological advancements, and the need for efficient and precise production processes. The forecasted market size indicates a lucrative and expanding market for industrial robotics companies, highlighting opportunities for growth and innovation in the coming years.
The Industrial machinery sector is expected to reach a 7.7% CAGR from 2020 to 2027.
The statistic stating that the Industrial machinery sector is projected to achieve a compound annual growth rate (CAGR) of 7.7% from 2020 to 2027 indicates the expected average annual growth rate of the sector over the specified time period. A CAGR of 7.7% suggests a healthy growth trajectory for the Industrial machinery industry, implying increasing demand for machinery products and services. This statistic could signify various factors such as technological advancements, expanding markets, or growing industrial activities driving the growth of the sector in the forecasted period. It is a positive indication for investors, policymakers, and industry players, highlighting potential opportunities for investment, expansion, and strategic planning within the Industrial machinery sector.
U.S. manufacturers contributed $2.33 trillion to the U.S. economy in 1Q 2018.
The statistic “U.S. manufacturers contributed $2.33 trillion to the U.S. economy in 1Q 2018” refers to the total economic value generated by manufacturing activities in the United States during the first quarter of 2018. This figure represents the sum of all goods produced by manufacturers, including motor vehicles, machinery, electronics, and other products. The contribution of manufacturers to the economy is a significant indicator of economic growth and productivity, as it reflects the extent to which manufacturing industries are creating value and driving economic activity. This statistic highlights the importance of the manufacturing sector in the overall health and performance of the U.S. economy, showcasing its substantial impact on gross domestic product (GDP) and job creation.
In 2018, China’s industrial sector contribution to the national GDP was about 40%.
In 2018, China’s industrial sector, which encompasses manufacturing, mining, and utilities, contributed approximately 40% to the country’s Gross Domestic Product (GDP). This statistic indicates the significant role that the industrial sector plays in China’s overall economic output, highlighting its importance in driving economic growth and development. A high contribution from the industrial sector suggests that manufacturing and production activities are major drivers of the Chinese economy, reflecting the country’s status as a global manufacturing hub. Monitoring and analyzing this statistic can provide insights into the health and performance of China’s industrial sector, as well as inform policymakers and stakeholders about potential areas for growth and investment within the sector.
Indian manufacturing sector’s contribution to GDP was 29.73% in 2020.
The statistic that the Indian manufacturing sector’s contribution to GDP was 29.73% in 2020 indicates the percentage of the country’s total economic output that was generated by the manufacturing industry. A significant contribution from the manufacturing sector implies that it plays a crucial role in driving economic growth and development in India. A higher percentage indicates a more substantial impact on the overall GDP, highlighting the sector’s importance in the economy. Monitoring this statistic over time can provide insights into the sector’s performance, competitiveness, and its influence on the country’s economic health and stability.
Manufacturing sector in Germany contributed 22.92% to the GDP in 2020.
The statistic that the manufacturing sector in Germany contributed 22.92% to the GDP in 2020 means that nearly a quarter of the total economic output of the country during that year came from manufacturing activities. This highlights the significant role that the manufacturing industry plays in the overall economy of Germany, as it is a major driver of production, employment, and exports. A strong manufacturing sector indicates industrial prowess and competitiveness, and its performance can impact the overall economic health of the country. The figure provides insight into the sector’s economic importance and its contribution to the country’s GDP growth and stability during the specified year.
Industrial robots are estimated to perform around 80% of tasks in manufacturing industries by 2030.
The statistic that industrial robots are estimated to perform around 80% of tasks in manufacturing industries by 2030 implies a significant shift towards automation and robotics within the manufacturing sector. This projection suggests that robots will increasingly replace human workers in performing a wide range of tasks, from assembly and material handling to quality control and maintenance. This trend is driven by advancements in technology, such as artificial intelligence and machine learning, which enable robots to become more sophisticated and capable of handling complex tasks. While automation can improve efficiency, productivity, and precision in manufacturing processes, it also raises concerns about potential job displacement and the need for upskilling the workforce to adapt to this new technological landscape.
Industrial gases market is expected to grow at a steady CAGR of 6.1% from 2021-2026.
This statistic indicates that the industrial gases market is projected to experience a continuous, average annual growth rate (CAGR) of 6.1% over the period spanning from 2021 to 2026. This suggests that the demand for industrial gases used in various manufacturing processes, healthcare applications, and other industrial sectors is expected to steadily increase over the forecasted timeframe. A CAGR of 6.1% signifies consistent growth over the years, reflecting a positive trend in the market that can be attributed to factors such as technological advancements, increasing industrialization, and a growing emphasis on sustainability and environmental regulations driving the adoption of industrial gases.
The global market for industrial coatings was valued at $85.2 billion in 2020.
The statistic “The global market for industrial coatings was valued at $85.2 billion in 2020” indicates the total worth of the industrial coatings industry worldwide during the year 2020. This figure represents the total revenue generated from the sales of industrial coatings, which are specialized paints and finishes used for applications such as protecting surfaces against corrosion, improving durability, and enhancing aesthetics in various industrial sectors. The sizeable valuation of $85.2 billion highlights the significance of the industrial coatings market on a global scale, reflecting the widespread demand for these products across industries such as automotive, aerospace, construction, and marine. Such statistics provide valuable insights for businesses, policymakers, and investors seeking to understand trends and make informed decisions within the industrial coatings sector.
The global industrial sector energy consumption is expected to rise by 1.2% per year on average from 2018-2050.
The statistic states that the global industrial sector energy consumption is projected to increase by an average rate of 1.2% per year from 2018 to 2050. This indicates a gradual but consistent growth in the amount of energy used by industries worldwide over this time period. The rise in energy consumption can be attributed to various factors such as economic growth, industrialization, technological advancements, and increasing demand for manufactured goods and services. It is essential for policymakers, businesses, and energy stakeholders to closely monitor and plan for this anticipated increase in energy consumption to ensure sustainable energy practices, mitigate environmental impacts, and optimize energy efficiency in industrial operations.
Approximately 8.1 billion tons of coal were used by global industries in 2019.
The statistic that approximately 8.1 billion tons of coal were used by global industries in 2019 highlights the significant reliance on coal as an energy source for industrial activities worldwide. Coal is a fossil fuel that is commonly used for electricity generation, steel production, and other industrial processes. The large quantity of coal consumption indicates the scale of global industrial operations and the challenges it poses in terms of environmental impact, including greenhouse gas emissions and pollution. This statistic underscores the importance of transitioning towards cleaner and more sustainable energy sources to mitigate the negative effects of coal usage on the environment and public health.
The Canadian industry sector contributed 28.5% to the country’s GDP in 2019.
The statistic indicates that, in 2019, the Canadian industry sector accounted for 28.5% of the country’s Gross Domestic Product (GDP). This implies that nearly one-third of the total economic output in Canada that year was generated by activities within the industry sector, which includes manufacturing, construction, mining, and utilities. This sector plays a significant role in driving economic growth and development within the country, showcasing its importance in contributing to overall national prosperity. It also suggests that changes or trends within the industry sector can have a notable impact on the country’s economic performance as a whole.
Global industrial valves market is expected to reach $92.65 billion by 2027.
The statistic stating that the global industrial valves market is expected to reach $92.65 billion by 2027 indicates a projected significant growth in the market size over the next few years. Industrial valves are essential components used in various industries such as oil and gas, water and wastewater management, power generation, and others for controlling the flow of liquids or gases. The forecasted market value suggests a growing demand for industrial valves globally, driven by factors such as increasing industrialization, infrastructure development, and technological advancements. This projection could represent opportunities for valve manufacturers and suppliers to capitalize on market expansion and cater to the rising needs of diverse sectors requiring these critical components for their operations.
The heavy industrial machinery market in Japan was worth over 2.5 trillion yen in 2020.
The statistic indicates that the heavy industrial machinery market in Japan had a total value exceeding 2.5 trillion yen in the year 2020. This figure reflects the significant scale and economic importance of the heavy industrial machinery sector in Japan during that year. The market value serves as a key metric for assessing the contribution of this sector to the overall economy, highlighting the substantial investments made in heavy machinery by businesses and industries across Japan. This statistic can provide valuable insights into the growth and performance of the heavy industrial machinery market in Japan and its impact on the country’s industrial sector as a whole.
Global industrial communication market is estimated to reach $170.4 billion by 2026.
The statistic “Global industrial communication market is estimated to reach $170.4 billion by 2026” indicates the predicted value of the market size for industrial communication technology worldwide by the year 2026. This figure reflects the projected total revenue generated by the sales and usage of various communication technologies in industrial settings such as manufacturing, transportation, energy, and others. The estimate suggests significant growth in the industrial communication market over the next few years, driven by factors such as increasing automation, digitalization, and the adoption of Industrial Internet of Things (IIoT) solutions across industries globally. This statistic serves as a crucial indicator for businesses, policymakers, and investors to understand the trends and opportunities in the industrial communication sector and to make informed decisions accordingly.
US industrial machinery manufacturing sector consists of about 6,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $60 billion in 2020.
This statistic indicates that the US industrial machinery manufacturing sector is composed of approximately 6,500 establishments in 2020, encompassing both single-location companies and units of multi-location companies. These establishments collectively generated annual revenue of around $60 billion in the same year. This information underscores the significant scale and economic impact of the sector, highlighting its substantial contribution to the overall manufacturing industry in the United States. The sector’s large number of establishments and substantial revenue generation exemplify its importance within the manufacturing landscape, reflecting a high level of activity and financial output within the industrial machinery manufacturing sector.
The Australian industrial sector contributed 27.65% to the country’s GDP in 2019.
The statistic indicates that the Australian industrial sector, comprising activities such as manufacturing, mining, and construction, accounted for 27.65% of the country’s Gross Domestic Product (GDP) in the year 2019. This suggests that the industrial sector played a significant role in driving economic growth and output in Australia during that period. The contribution of nearly one-third of the total GDP highlights the importance of the industrial sector to the overall economy, reflecting its substantial output, revenues, and employment generation. This statistic also underscores the sector’s influence on the country’s economic performance and its interconnectedness with other sectors in driving economic prosperity.
The global 3D printing in the industrial sector is projected to generate a revenue of $24.36 billion by 2026.
The statistic indicates that the global 3D printing market within the industrial sector is forecasted to achieve a revenue of $24.36 billion by the year 2026. This projection suggests significant growth and adoption of 3D printing technology within industries such as aerospace, automotive, healthcare, and manufacturing. The increasing demand for customized products, reduced manufacturing costs, faster production times, and improved efficiency are driving this growth in revenue. The statistic underscores the transformative impact that 3D printing is expected to have on industrial operations and indicates a promising outlook for the technology in the coming years.
Conclusion
Industrial industry statistics play a crucial role in understanding and analyzing trends, challenges, and opportunities in the industrial sector. By utilizing data and statistics effectively, businesses can make informed decisions that drive growth and innovation. It is evident that staying updated with industry statistics is key to staying competitive in a rapidly evolving industrial landscape.
References
0. – https://www.www.eia.gov
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6. – https://www.industryarc.com
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