Process Equipment Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 130.7 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 10.5% between 2022 and 2032. As per the report, the main drivers of the Process Equipment Market include the rising advanced technologies, increasing industrialization, and globalization. Another factor driving the market is the growing adoption of automation across all sectors, including sugar, cement, pharmaceuticals, steel, textile, chemicals, food, oil, paper, electricity, and refinery.
The market research on Process Equipment Market includes in-depth insights as:
- Global Process Equipment Market in Asia Pacific held the largest market share in the year 2021.
- Global Process Equipment Market is classified on the basis of Type into Pump, Filters, Valves, Vessels and Tanks, Heat Exchangers, Pipelines, and Other.
- Based on Industry, the global Process Equipment Market is fragmented into Food & Beverage, Chemical, Pharmaceutical, Textile, Metal, Power, Refinery, and Other.
- Key players are expected to focus on growth strategies like partnerships, product launches, acquisitions, and business expansions to sustain themselves in the global market.
“Many businesses like chemicals, mining, food and beverage, pharmaceuticals, as well as the electricity, oil, metals, and gas extraction industries, profit from the creation of process equipment. The development of wireless technology and the introduction of fresh goods boost consumer demand for process equipment. Demand has expanded across numerous industries, including the food and pharmaceuticals sectors, as manufacturing capacities have improved. The manufacturing industry is expanding quickly, and globalization has created a wealth of new prospects for equipment manufacturers.”, said a lead analyst at Fatpos Global.
Process Equipment are the different mechanical tools needed for the mechanical, chemical, or thermal processing of a raw material or finished good. Process equipment are any among the several pieces of machinery used in the processing of chemicals and materials in establishments like chemical plants, refineries, and wastewater treatment facilities. These equipment are typically made with a particular process or family of processes in mind, though in certain situations it can be made specifically for a facility. Depending on whether new or old equipment is being acquired, as well as what it will be used for, prices can vary. Companies that produce process equipment also offer support to clients interested in these services through maintenance and repair contracts.
Process Equipment Market is categorized on the basis of Industry into Food & Beverage, Chemical, Pharmaceutical, Textile, Metal, Power, Refinery, and Other. The Food & Beverage segment accounted for a sizable market share since it is used to transform raw food components into edible food products. The market growth of the Process Equipment Market is aided by the use of the process equipment in several applications like the meat, bakery, dairy, poultry, and other sectors that choose custom food processing machines for better conditioning food items.
Key Players in the Market
Some of the key players operating in the global Process Equipment Market are Alfa Laval AB, Bucher Industries AG, Bühler AG, Godrej & Boyce, Marel HF, ANSYS Inc., Isgec Heavy Engineering Ltd., Ador Welding Ltd., Artson Engineering, Freeco International, Process Equipment Corporation, Beepex Corporation Organization, Power Zone Equipment Inc., Kerone, Sunrise Process Equipments, and Other Prominent Players.
Get Valuable Insights into Global Process Equipment Market
In the latest market study conducted by, Fatpos Global thrives to present an unbiased analysis of the global Process Equipment Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Global Process Equipment Market is classified on the basis of Type into Pump, Filters, Valves, Vessels and Tanks, Heat Exchangers, Pipelines, and Other. By Method, the global Process Equipment Market is divided into Mechanical, Chemical, and Biological. By Industry, the global Process Equipment Market is divided into Food & Beverage, Chemical, Pharmaceutical, Textile, Metal, Power, Refinery, and Other. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
