Global equipment manufacturer Honeywell International Inc sees China as a key market in the evolution of the industrial internet of things, according to the company's top executives who said the group can play a leading role in its development on the mainland.

The internet of things refers to a network of devices, vehicles, buildings and other objects that contain software or sensors that allow them to connect and exchange data.

"China's production efficiency in various industries can be upgraded by implementing the industrial internet of things," said David Low, general manager of Honeywell Performance Materials and Technologies, Asia.