In 2018, refineries will spend USD $3.2 billion for pumps 1. They will also spend USD $23.9 billion for guide, control and measure which are the building blocks for IIoT (Industrial Internet of Things) 2. Some suppliers just provide pumps. Others provide multiple components plus guide, control and measure products. Those pump suppliers who have weak IIoT programs will be likely to lose market share to those with strong IIoT programs. Don’t miss our upcoming KCI EVENTS Click Here For Complete Market Text
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