Static Equipment Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Static Equipment Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Static Equipment market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Static Equipment Reports Highlights

What is the size of the Static Equipment Market?

The Global Static Equipment Market is projected to grow at a CAGR of around 2.5% during the forecast period, i.e., 2023-28. The market for equipment has witnessed a swift upsurge since the onset of the industrial revolution as the industrial sector has been backing economic prosperity for ages. As per the World Bank analysis, the manufacturing industry added around 17.01% of value to the global economy in 2021. The steady growth in the number of manufactured products, along with the substantial presence of the industrial sector, has significantly encouraged the need for industrial equipment worldwide.

What do the growth prospects and trends look like in the Static Equipment Industry?

Due to the sheer number of equipment parts and quantity of stored fluid, the risks related to fixed equipment are higher than those of other equipment types. In a typical refinery or petrochemical facility, fixed equipment accounts for a sizable share of the capital/maintenance costs and dependability events or failures. A sizable portion of business accidents regarding property damage or injury has also involved static equipment. Further, since fixed equipment does not have complex sensors to monitor for corrosion and deterioration in real time, they require frequent inspection and a reliability plan.

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What Components are encompassed within Static Equipment Market segmentation?

The report has divided the market into the following segments:

By Type of Equipment

-Heat Exchangers

-Valves

-Boilers

-Furnaces

-Others

By Industry      

--Oil Gas

---By Application

----Upstream

----Midstream

----Downstream

---By Location

----Onshore

---Offshore

---Power

---Chemicals

---Others

By Companies

-Competition Characteristics

-Market Share

By Region

-North America

-South America

-Europe

-Middle East Africa

-Asia Pacific.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Technip

-Alfa Laval

-Atlas Copco

-General Electric

-Siemens AG

-Metso Oyj

-Sulzer Ltd

-Pentair Plc

-Flowserve Corporation

-Wartsila Oyj

-OAO TMK

-Doosan Group

-Mitsubishi Heavy Industries

-Others.

About Us-

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

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