Technology adoption opportunities over the next 10 years, taking into account manufacturing equipment replacement cycles
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「The equipment renewal cycle for heavy industries, including the chemical industry, is 40 years. The International Energy Agency's Net Zero by 2050: A Road Map for the Global Energy Sector (May 2021) states that approximately 30% of equipment will reach its 25th year of service within the next 10 years, when large-scale investment for equipment upgrades will be required.」
The company continues to indicate the assumptions underlying opportunities to introduce new technologies: a 40-year equipment replacement cycle, within the next 10 years and approximately 30%. - FY2025RestatedAnnual report
「The equipment renewal cycle for heavy industries, including the chemical industry, is 40 years. The International Energy Agency's Net Zero by 2050: A Road Map for the Global Energy Sector (May 2021) states that approximately 30% of equipment will reach its 25th year of service within the next 10 years, when large-scale investment for equipment upgrades will be required.」
The company continues to present the assumptions underlying the technology adoption opportunity: a 40-year equipment renewal cycle, the next 10 years, and approximately 30%. - FY2024First statedAnnual report
「The equipment renewal cycle for heavy industries, including the chemical industry, is 40 years. The International Energy Agency's Net Zero by 2050: A Road Map for the Global Energy Sector (May 2021) states that approximately 30% of equipment will reach its 25th year of service within the next 10 years, when large-scale investment for equipment upgrades will be required.」
The company explained that the equipment renewal cycle in heavy industry is 40 years and that approximately 30% of equipment will reach its 25th year of service, requiring large-scale investment, within the next 10 years, highlighting the need for early adoption of new technologies.