Static Equipment Market Size, Share and Competitive Insight Report 2030

Static Equipment Market Poised for Robust Growth, Forecasted to Expand at 2.5% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Static Equipment Market is projected to grow at a CAGR of around 2.5% during the forecast period, i.e., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the Static Equipment Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Static Equipment Market Overview

The Global Static Equipment Market is projected to grow at a CAGR of around 2.5% during the forecast period, i.e., 2024-30. 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.

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Static Equipment Market Segmentation Outlook

The Static Equipment is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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

Static Equipment Market Driver

Expanding Oil & Gas Refineries and Plant Facilities Worldwide - The rising global burden and migrating population from rural to urban areas have put forth the need for more energy resources in almost every application sector. Since renewable resources are in their crawling stage, the dependency for energy and power generation is still on oil and gas, which is why the procurement of static equipment has become crucial. This is likely to boost the global demand for static equipment to even higher levels during the forecast period.

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Top Static Equipment Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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 as key players shaping the market landscape.

Static Equipment Market News

July 2022 - Alfa Laval, in partnership with a global Swedish steel company SSAB, seeks to develop and commercialize the world’s first heat exchanger based on fossil-free steel. In this regard, the company expects its first hydrogen-reduced steel unit by 2023. The partnership shall bring Alfa Laval one step closer to achieving carbon neutrality by 2030.

March 2022 - AVK Group unveiled a new line of premium 100 gate valves. The valves make a perfect fit for places where longer shelf life is required while ensuring safety and also where the excavation is unattainable. These places might include public and tourist attractions, busy roads, coastal areas, or areas contaminated with oil or gasoline.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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