Industrial Static Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Industrial Static Equipment Market size is expected to reach USD 196.60 billion in 2027 while registering a CAGR of 4.60% during the forecast period of 2022-2027. The exploration and refining of oil and gas have increased due to the remarkable progress made in the worldwide production of crude oil and other hydrocarbons. With the massive industrialization and urbanization that has resulted from the revolution in a variety of industries, including the automobile, pharmaceutical, telecommunication, and manufacturing, petroleum is now a crucial component of development.
Key HighlightsIndustrial Static Equipment Market is expected to be moderately high and remains the same over the forecast period. Major companies like Schlumberger Limited, AKO Armaturen& Separationstecchink GMBH, AVK Group, EG Valves LeserGMBH & CO. KG are also making partnerships and launching new products to retain their market position.
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