Global Industrial Static Equipment Market 2023-2029
Industrial static equipment refers to the components and systems used in industrial processes that do not involve moving parts. They are designed to perform specific functions such as storage, mixing, heating, cooling, and separation. According to the latest research, the global industrial static equipment market is poised to grow by USD 51.1 billion during 2023-2029, progressing at a CAGR of 4.58% during the forecast period.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global industrial static equipment market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, end-user, and region. The global market for industrial static equipment can be segmented by type: valves, furnaces/boilers, heat exchangers, pressure vessels. According to the research, the valves segment had the largest share in the global industrial static equipment market. Industrial static equipment market is further segmented by end-user: oil and gas, power generation, chemicals, water, others. In 2022, the chemicals segment made up the largest share of revenue generated by the industrial static equipment market. Based on region, the industrial static equipment market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Among these, Asia-Pacific was accounted for the highest revenue generator in 2022.
The valves market is further segmented into gate, globe, and check, ball valves, butterfly, plug, pressure relief, others. The latest analysis indicates that the gate, globe, and check segment occupied the largest share of this market in 2022 and is expected to draw the highest demand in coming years.
Market Segmentation
By type: valves, furnaces/boilers, heat exchangers, pressure vessels
By end-user: oil and gas, power generation, chemicals, water, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The report explores the recent developments and profiles of key vendors in the Global Industrial Static Equipment Market, including Schlumberger Limited, AVK Holding A/S, Baker Hughes Company, Emerson Electric CO., Flowserve Corporation, Alfa Laval AB, Danfoss A/S, General Electric Company, Hisaka Works Ltd., Johnson Controls International PLC, Doosan Corporation, IHI Corporation, Mitsubishi Heavy Industries Ltd., Hitachi Zosen Corporation, Japan Steel Works Ltd., Shanghai Electric Group Company Limited, CIMC Enric Holdings Ltd., Viessmann Group, Lennox International Inc., The Fulton Companies, Worcester Bosch Group, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook