Global Process Equipment Market Outlook to 2028
Region:Global
Author(s):Rajat
Product Code:KROD1551
February 2025
100
About the Report
Global Process Equipment Market Overview
- The Global Process Equipment Market was valued at USD 99 billion, based on a five-year historical analysis. This valuation reflects the market's expansion driven by increasing industrial activities, urbanization, and the demand for processed products. Companies are focusing on enhancing operational efficiencies and adopting advanced, sustainable equipment to meet consumer needs.
- Asia-Pacific leads the market, primarily due to China's significant investments in industrialization and technological advancements. The region's rapid urbanization and the establishment of manufacturing facilities contribute to its dominance. North America follows, with the United States experiencing growth driven by technological innovations and a focus on automation across industries.
- In 2023, the U.S. Department of Energy implemented a test procedure for commercial and industrial fans and blowers. This regulation mandates manufacturers to adhere to specific energy efficiency standards, aiming to reduce energy consumption and environmental impact. Additionally, it introduces stricter compliance measures for industrial process equipment, requiring manufacturers to conduct performance testing and report energy consumption data.
Global Process Equipment Market Segmentation
- By Equipment Type: The process equipment market is segmented by equipment type into pumps, filters, valves, vessels and tanks, heat exchangers, pipelines, and others. The pump segment holds a significant market share due to its widespread application across various industries. Pumps are essential for effectively moving different types of fluids, including water, chemicals, petroleum, and wastewater, which boosts their demand in the market.
- By Region: Regionally, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific holds a significant market share due to the adoption of advanced technology, government initiatives, and rising product demand in the region. North America follows, with the United States experiencing growth driven by technological innovations and a focus on automation across industries.
- By End User: The market is categorized by end users into food & beverage, chemical, pharmaceutical, textile, metal, power, refinery, and others. The food & beverage segment holds a substantial market share as process equipment is crucial in transforming raw food materials into consumable products. Applications in bakery, meat and poultry, dairy, and other sectors drive the demand for custom food processing machines, enhancing the market growth.
Global Process Equipment Market Competitive Landscape
The Global Process Equipment Market is highly competitive, with key players focusing on technological advancements, strategic mergers, and global expansion to strengthen their market presence. Companies such as Emerson Electric Co., Gardner Denver, and Feeco International leverage automation, smart equipment solutions, and energy-efficient designs to cater to growing industrial demands. The market is characterized by strong R&D investments, regional expansion strategies, and customized process solutions to maintain competitive advantages.
Global Process Equipment Industry Analysis
Growth Drivers
- Technological Advancements : The global process equipment market is experiencing rapid innovation, with over 70% of industrial manufacturers integrating smart technologies such as IoT-enabled sensors, predictive maintenance systems, and AI-driven analytics. These advancements have led to a 2030% increase in operational efficiency, reducing downtime and improving equipment longevity and overall production output in various industries.
- Industrial Automation Adoption : The increasing shift towards automated manufacturing processes has significantly impacted the demand for highly efficient process equipment. Industries such as pharmaceuticals, food processing, and power generation are implementing robotics, real-time monitoring, and digital twin technologies to enhance productivity. Automation-driven process equipment reduces human intervention, improves accuracy, and minimizes production bottlenecks, making industrial operations more cost-effective and scalable.
- Stringent Environmental Regulations : Governments worldwide are imposing strict emissions, waste management, and energy efficiency standards on industrial equipment manufacturers. Process equipment is now designed with low-carbon footprints, improved filtration systems, and energy-saving mechanisms to ensure compliance. Industries are actively adopting eco-friendly solutions, such as heat recovery systems and sustainable materials, reinforcing the market's shift towards greener and more responsible manufacturing practices.
Challenges
- High Initial Investment Costs : The cost of acquiring and installing process equipment can be prohibitively high, with industrial-scale systems requiring investments ranging from USD 500,000 to over USD 5 million per unit. Advanced equipment, such as automated filtration systems and high-capacity mixers, demands significant capital expenditure, making it challenging for small and mid-sized enterprises to enter or expand within the market.
- Maintenance and Operational Challenges : Process equipment requires regular servicing, inspections, and part replacements to ensure optimal performance. Unplanned downtime due to mechanical failures can lead to major production losses and increased operational costs. Additionally, industries face challenges in sourcing skilled technicians for specialized machinery, further complicating equipment reliability, longevity, and overall efficiency.
Global Process Equipment Market Future Outlook
Over the next five years, the global process equipment market is expected to experience significant growth. Factors such as increasing industrialization, technological advancements, and the rising demand for automation across various sectors are anticipated to drive this expansion. Additionally, the focus on energy efficiency and sustainable processes is likely to influence market dynamics positively.
Opportunities
- Integration of IoT in Process Equipment: By 2026, over 60% of industrial manufacturers will adopt IoT-enabled process equipment, incorporating smart monitoring systems to enhance operational efficiency. IoT solutions, such as real-time performance tracking, predictive maintenance, and remote diagnostics, will reduce unplanned downtime by up to 40%, optimizing energy use and reducing operational costs.
- Expansion in Untapped Markets: By 2027, emerging markets in Asia-Pacific, Latin America, and Africa will experience rapid industrialization, creating new opportunities for process equipment manufacturers. Government-led initiatives and increased infrastructure investments will fuel demand. Companies entering these regions will focus on cost-effective, scalable solutions tailored to the unique needs of industries in developingeconomies.
Scope of the Report
|
Segment |
Sub-Segment |
|---|---|
|
By Equipment Type |
Conveyor Systems Filtration Systems Mixers Others |
|
By Region |
North America Asia-Pacific Europe Latin America Middle East & Africa |
|
By End User |
Food and Beverage Power Generation Pharmaceuticals Others |
|
By Application |
Material Handling Separation Processes Mixing and Blending Heat Transfer Others |
|
By Material |
Stainless Steel Carbon Steel Alloys Others |
Products
Key Target Audience
- Food and Beverage Manufacturers
- Chemical Processing Companies
- Pharmaceutical Manufacturers
- Textile Industry Players
- Metal Processing Firms
- Power Generation Companies
- Refinery Operators
- Government and Regulatory Bodies (e.g., U.S. Environmental Protection Agency, European Environment Agency)
Companies
Players Mentioned in the Report
- Emerson Electric Co.
- Gardner Denver
- FEECO International
- ANSYS
- Godrej and Boyce Manufacturing
Table of Contents
1. Market Overview
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview
2. Market Size (In USD Bn)
2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones
3. Market Analysis
3.1. Growth Drivers
3.1.1. Technological Advancements
3.1.2. Industrial Automation Adoption
3.1.3. Stringent Environmental Regulations
3.1.4. Rising Demand in Emerging Economies
3.2. Restraints
3.2.1. High Initial Investment Costs
3.2.2. Maintenance and Operational Challenges
3.2.3. Volatility in Raw Material Prices
3.3. Opportunities
3.3.1. Integration of IoT in Process Equipment
3.3.2. Expansion in Untapped Markets
3.3.3. Development of Energy-Efficient Equipment
3.4. Trends
3.4.1. Shift Towards Modular Equipment Design
3.4.2. Increased Focus on Sustainability
3.4.3. Adoption of Predictive Maintenance
3.5. Government Regulations
3.5.1. Emission Standards Compliance
3.5.2. Safety Protocols and Certifications
3.5.3. Trade Policies Impacting Equipment Import/Export
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Porters Five Forces Analysis
3.9. Competitive Landscape
4. Market Segmentation
4.1. By Equipment Type (In Value %)
4.1.1. Conveyor Systems
4.1.2. Filtration Systems
4.1.3. Mixers
4.1.4. Others
4.2. By Region (In Value %)
4.2.1. North America
4.2.2. Asia-Pacific
4.2.3. Europe
4.2.4. Latin America
4.2.5. Middle East & Africa
4.3. By End User (In Value %)
4.3.1. Food and Beverage
4.3.2. Power Generation
4.3.3. Pharmaceuticals
4.3.4. Others
4.4. By Application (In Value %)
4.4.1. Material Handling
4.4.2. Separation Processes
4.4.3. Mixing and Blending
4.4.4. Heat Transfer
4.4.5. Others
4.5. By Material (In Value %)
4.5.1. Stainless Steel
4.5.2. Carbon Steel
4.5.3. Alloys
4.5.4. Others
5. Competitive Analysis
5.1. Detailed Profiles of Major Companies
5.1.1. Emerson Electric Co.
5.1.2. Gardner Denver
5.1.3. Feeco International
5.1.4. ANSYS, Inc.
5.1.5. Godrej and Boyce Manufacturing
5.1.6. Alfa Laval AB
5.1.7. Bhler AG
5.1.8. Marel HF
5.1.9. Bucher Industries AG
5.1.10. Ador Welding Ltd.
5.1.11. Isgec Heavy Engineering Ltd.
5.1.12. Power Zone Equipment, Inc.
5.1.13. Bepex International LLC
5.1.14. SPX Flow, Inc.
5.1.15. GEA Group AG
5.2. Cross Comparison Parameters (Number of Employees, Headquarters, Inception Year, Revenue, Product Portfolio, Geographic Presence, R&D Investment, Market Share)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investor Analysis
5.7. Venture Capital Funding
5.8. Government Grants
5.9. Private Equity Investments
6. Regulatory Framework
6.1. Environmental Standards
6.2. Compliance Requirements
6.3. Certification Processes
7. Future Market Size (In USD Bn)
7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth
8. Future Market Segmentation
8.1. By Equipment Type (In Value %)
8.2. By Region (In Value %)
8.3. By End User (In Value %)
8.4. By Application (In Value %)
8.5. By Material (In Value %)
9. Analysts Recommendations
9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Marketing Initiatives
9.4. White Space Opportunity Analysis
Disclaimer
Contact Us
Research Methodology
Step 1: Identification of Key Variables
The initial phase involves mapping the ecosystem of the Global Process Equipment Market, covering manufacturers, suppliers, distributors, and end users. Extensive secondary research from industry reports, company filings, and regulatory bodies helps in identifying key market drivers, challenges, and opportunities influencing industry growth.
Step 2: Market Analysis and Construction
In this phase, historical data is compiled and analyzed to assess market penetration, product adoption rates, and revenue trends across different industries. Data points from manufacturing plants, industrial automation deployments, and equipment sales are cross-referenced with macroeconomic indicators for accuracy.
Step 3: Hypothesis Validation and Expert Consultation
Market hypotheses are validated through expert interviews with industry professionals, including engineers, procurement managers, and equipment manufacturers. Computer-assisted telephone interviews (CATIs) and surveys help refine insights into technological innovations, procurement trends, and competitive strategies.
Step 4: Research Synthesis and Final Output
The final phase involves synthesizing research findings to create an in-depth market report. Multiple validation methods, including bottom-up and top-down approaches, are used to ensure accuracy in market sizing, competitive analysis, and strategic insights for stakeholders.
Frequently Asked Questions
01. How big is the Global Process Equipment Market?
The Global Process Equipment Market was valued at USD 99 billion, driven by increased industrial automation, technological advancements, and the rising demand for process efficiency across multiple industries.
02. What are the key challenges in the Global Process Equipment Market?
Challenges in Global Process Equipment Market include high capital investments, maintenance costs, and technological complexities in integrating smart automation systems. Market players must also navigate regulatory compliance, supply chain disruptions, and fluctuations in raw material prices.
03. Who are the major players in the Global Process Equipment Market?
Key players in Global Process Equipment Market include Emerson Electric Co., Gardner Denver, Feeco International, ANSYS, and Godrej and Boyce Manufacturing. These companies dominate due to their extensive product portfolios, global presence, and continuous investments in R&D and automation.
04. What are the primary growth drivers of the Global Process Equipment Market?
Growth in Global Process Equipment Market is propelled by increasing demand for automation, advancements in industrial IoT (IIoT), and rising investments in energy-efficient machinery.
05. Which region dominates the Global Process Equipment Market?
Asia-Pacific leads the Global Process Equipment Market due to China and Indias rapid industrialization and increasing adoption of advanced manufacturing technologies. North America is emerging as a strong player, with the U.S. driving investments in smart factories and automated processing equipment.
Why Buy From Us?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.