Market Overview: Global Static Equipment Market
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Static Equipment Market Insights 2023-28
The Global Static Equipment market is expected to grow at a CAGR of around 2.5% during the forecast period, 2023-28.
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Top Players 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
Segmentation Analysis of Static Equipment Market
Static Equipment Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Type of Equipment
- Heat Exchangers
- Valves
- Boilers
- Furnaces
- Others
Of them all, the Heat exchanger has gained maximum popularity and is likely to maintain its dominance in the market during the projected time frame. The popularity can be attributed to the wide adoption of static equipment, particularly heat exchangers, in downstream activities. With that said, the heat exchanger is utilized in the distillation and separation process to regulate the energy input. The most used type of valve is the blow-off valve to control the pressure, the gate valve, the plug valve, and the check valve to monitor the transmission. Generally, water tube boilers, horizontal furnace tubes, and process heaters form the component in refineries.
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-By Industry
- Oil & Gas
- Power
- Chemicals
- Others
-By Companies
- Competition Characteristics
- Market Share
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Asia-Pacific is envisioned to acquire a leading position in the market during the forecast period. It primarily attributes to vast population, favorable government regulations, and the availability of low-cost labor enticing global players to set up their base across the region. As such global players like Atlas Copco, Siemens AG, Metso Oyj, and Sulzer Ltd have already set their eyes on countries like India, China, Taiwan, etc.
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MarkNtel Advisors is a leading market research company, 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 12.5 diverse industrial verticals.
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