Global Static Equipment

Global Static Equipment Market Research Report: Forecast (2023-2028)

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, Read more

  • Buildings, Construction, Metals & Mining
  • Nov 2022
  • 201
  • EN77041

Market Definition

Static equipment is one of the essential components of industries, especially the oil and gas industry. The equipment comprises no moving parts and usually does not have a redundant/standby system. The components primarily include heat exchangers (shell and tubes, plate and frame, air coolers) and pressure vessels (drums, columns, reactors, filters). To assure the safety requirements and commercial competitiveness, the reliability and quality of this equipment are crucial.

Market Insights

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.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 2.5%
Regions Covered North America: U.S., Canada 
South America: Brazil, Argentina
Europe: U.K, France, Germany, Italy, Norway
Asia-Pacific: China, India, Japan, Australia, South Korea
Middle East & Africa: Saudi Arabia, UAE, South Africa, Egypt
Key Companies Profiled 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.
Unit Denominations USD Million/Billion

 

As such, static industrial equipment such as heat exchangers, boilers, valves, and furnaces have witnessed wide adoption in industrial establishments over the few years. These types of equipment aid industries in achieving and enhancing their operational targets. Since they demonstrate direct co-relation with industries, their growth pattern is likely to imitate those of industries such as oil & gas, power, chemicals, food, beverages, and others.

Moreover, with industries remaining the spine of economically developed countries such as the United States, China, Japan, and others, the market for static equipment is anticipated to fly high in the forecast period. As per United Nations Statistics Division (UNSD), the value added by the manufacturing industry to the GDP of the United States, Japan, and Germany amounted to USD 2,272 billion, USD 1.033.6 billion, and USD 697.3 billion, respectively. Besides, several governments coming up with favorable industrial regulations again paves the way for more notable investment, which, in turn, stimulates market growth in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on the Global Static Equipment Market
  5. Global Static Equipment Market Trends & Insights
  6. Global Static Equipment Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Static Equipment Market Regulations & Policies
  8. Global Static Equipment Market Supply Chain Analysis
  9. Global Static Equipment Market Hotspots & Opportunities
  10. Global Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
        1. Heat Exchangers
        2. Valves
        3. Boilers
        4. Furnaces
        5. Others
      2. By Industry       
        1. Oil & Gas
          1. By Application
            1. Upstream
            2. Midstream
            3. Downstream
          2. By Location
            1. Onshore
            2. Offshore
        2. Power
        3. Chemicals
        4. Others
      3. By Companies
        1. Competition Characteristics
        2. Market Share
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
  11. North America Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Industry
      3. By Countries
    3. The United States Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    4. Canada Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
  12. South America Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Industry
      3. By Countries
    3. Brazil Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    4. Argentina Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
  13. Europe Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Industry
      3. By Countries
    3. Germany Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    4. France Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    5. The UK Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    6. Italy Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    7. Norway Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
  14. Middle East & Africa Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Industry
      3. By Countries
    3. Saudi Arabia Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    4. UAE Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    5. Egypt Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    6. South Africa Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
  15. Asia Pacific Static Equipment Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Segmentation & Analysis
      1. By Type of Equipment
      2. By Industry
      3. By Countries
    3. China Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    4. India Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    5. Japan Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    6. Australia Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
    7. South Korea Static Equipment Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Segmentation & Analysis
        1. By Type of Equipment
        2. By Industry
  16. Company Profiles
    1. Technip
    2. Alfa Laval
    3. Atlas Copco
    4. General Electric
    5. Siemens AG
    6. Metso Oyj
    7. Sulzer Ltd
    8. Pentair Plc
    9. Flowserve Corporation
    10. Wartsila Oyj
    11. OAO TMK
    12. Doosan Group
    13. Mitsubishi Heavy Industries
    14. Others
  17. Disclaimer
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