The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Static Equipment Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Static Equipment Industry (2024-2030):
According to the latest report, The Static Equipment Market is projected to grow at a CAGR of around 2.5% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Static Equipment industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-2030): 2.5%
What are the major Driver the Static Equipment industry?
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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Static Equipment Market Segmentation
The Static Equipment Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type of Equipment
- Heat Exchangers- Market Size & Forecast 2019-2030, USD Million
- Valves- Market Size & Forecast 2019-2030, USD Million
- Boilers- Market Size & Forecast 2019-2030, USD Million
- Furnaces- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- By Industry
- Oil & Gas- Market Size & Forecast 2019-2030, USD Million
- By Application- Market Size & Forecast 2019-2030, USD Million
- Upstream- Market Size & Forecast 2019-2030, USD Million
- Midstream- Market Size & Forecast 2019-2030, USD Million
- Downstream- Market Size & Forecast 2019-2030, USD Million
- By Location- Market Size & Forecast 2019-2030, USD Million
- Onshore- Market Size & Forecast 2019-2030, USD Million
- Offshore- Market Size & Forecast 2019-2030, USD Million
- By Application- Market Size & Forecast 2019-2030, USD Million
- Power- Market Size & Forecast 2019-2030, USD Million
- Chemicals- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Oil & Gas- Market Size & Forecast 2019-2030, USD Million
- By Companies
- Competition Characteristics
- Market Share
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
As per the regional aspect, the Static Equipment Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/static-equipment-market.html
Top Companies in the Static Equipment Market
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.
Static Equipment Industry Recent Development:
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.
Why Markntel Advisors Report?
Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.
Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
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