Process Equipment Market: By Type (Pump, Filters, Valves, Vessels and Tanks, Heat Exchangers, Pipelines, Other), By Method (Mechanical, Chemical, Biological), By Industry (Food & Beverage, Chemical, Pharmaceutical, Textile, Metal, Power, Refinery, Other), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
Process Equipment Market: By Type (Pump, Filters, Valves, Vessels and Tanks, Heat Exchangers, Pipelines, Other), By Method (Mechanical, Chemical, Biological), By Industry (Food & Beverage, Chemical, Pharmaceutical, Textile, Metal, Power, Refinery, Other), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
PRODUCT OVERVIEW
Process Equipment Market to surpass USD 130.7 billion by 2032 from USD 43.62 billion in 2021 at a CAGR of 10.5% in the coming years, i.e., 2022-32.
Process Equipment are the different mechanical tools needed for the mechanical, chemical, or thermal processing of a raw material or finished good. Process equipment are any among the several pieces of machinery used in the processing of chemicals and materials in establishments like chemical plants, refineries, and wastewater treatment facilities. This equipment is typically made with a particular process or family of processes in mind, though in certain situations it can be made specifically for a facility. Depending on whether new or old equipment is being acquired, as well as what it will be used for, prices can vary. Companies that produce process equipment also offer support to clients interested in these services through maintenance and repair contracts.
MARKET HIGHLIGHTS
Process Equipment Market to surpass USD 130.7 billion by 2032 from USD 43.62 billion in 2021 at a CAGR of 10.5% in the coming years, i.e., 2022-32. The main drivers of the Process Equipment Market include the rising advanced technologies, increasing industrialization, and globalization. Another factor driving the market is the growing adoption of automation across all sectors, including sugar, cement, pharmaceuticals, steel, textile, chemicals, food, oil, paper, electricity, and refinery.
Process Equipment Market Segments:
- By Type
- Pump
- Filters
- Valves
- Vessels and Tanks
- Heat Exchangers
- Pipelines
- Other
- By Method
- Mechanical
- Chemical
- Biological
- By Industry
- Food & Beverage
- Chemical
- Pharmaceutical
- Textile
- Metal
- Power
- Refinery
- Other
MARKET DYNAMICS
Growth Drivers
Growing Industrialization and Globalization and Rising Government Initiatives
Rising Demand for Green Products and Progress of Wireless Technologies
Restraint
High Cost of Implementation, Initial Investments, and Unfavorable Weather Conditions
Key Players
- Alfa Laval AB
- Bucher Industries AG
- Bühler AG
- Godrej & Boyce
- Marel HF
- ANSYS Inc.
- Isgec Heavy Engineering Ltd.
- Ador Welding Ltd.
- Artson Engineering
- Freeco International
- Process Equipment Corporation
- Beepex Corporation Organization
- Power Zone Equipment Inc.
- Kerone
- Sunrise Process Equipments
- Other Prominent Players
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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