According to a market report by Lucintel, the future of the global industrial static equipment market looks promising with opportunities in the oil & gas, power generation, chemicals & petrochemical, water & wastewater, process, and discrete industries. The global industrial static equipment market is expected to reach an estimated $212.10 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are rapid industralization, growing number of oil and gas exploration activities, and increasing adoption of energy-efficient battery-power portable devices.

In this market, valves, furnaces, boilers, heat exchangers, and pressure vessels are the major segments of industrial static equipment market by product type.
Lucintel forecast that heat exchanger is expected to witness highest growth over the forecast period.
Within this market, oil & gas will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to rapid increase in investment and improved government measures specially to enhance infrastructure and promote LNG exploration.

Schlumberger, AVK , Ako Armaturen& Separationstecchink, EG Valves, Leser, Pentair Plc, Alfa Laval, FMC Technologies, Atlas Copco, TechnipFMC, and Siemens are the major suppliers in the industrial static equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]