MarkNtel Advisors recently published a detailed industry analysis of the Global Static Equipment. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Static Equipment, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Static Equipment Market  is projected to grow at a CAGR of around 2.5% during the forecast period, i.e., 2024-30.

Key Findings in Global Static Equipment:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players-

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.

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global 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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What segments define the Global Static Equipment from 2024 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, 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.

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
• Power- Market Size & Forecast 2019-2030, USD Million
• Chemicals- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

According to report, Here, the Oil and Gas industry has rapidly gained traction worldwide in recent years and is projected to acquire a sizeable share of the Global Static Equipment Market during the forecast period.

Explore the Complete Global Static Equipment Analysis Report – https://www.marknteladvisors.com/research-library/static-equipment-market.html

Geographical Analysis: Global Static Equipment

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Global 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.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Static Equipment?
• How is the Global Static Equipment expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 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 15 diverse industrial verticals.

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