How big is the Process Equipment Market?

The Process Equipment Market size is expected to reach USD 95.38 billion in 2024 and grow at a CAGR of 4.58% to reach USD 119.34 billion by 2029. Read More

What is the current Process Equipment Market size?

In 2024, the Process Equipment Market size is expected to reach USD 95.38 billion. Read More

Who are the key players in Process Equipment Market?

Emerson Electric Co., Gardner Denver, ANSYS, Inc, Isgec Heavy Engineering Ltd. and FEECO International, Inc. are the major companies operating in the Process Equipment Market. Read More

Which is the fastest growing region in Process Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Process Equipment Market?

In 2024, the North America accounts for the largest market share in Process Equipment Market. Read More

What years does this Process Equipment Market cover, and what was the market size in 2023?

In 2023, the Process Equipment Market size was estimated at USD 91.01 billion. The report covers the Process Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Process Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Process Equipment Market Size & Share Analysis - Industry Research Report

Process Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Process Equipment Market is Segmented by Equipment Type (Conveyor Systems, Filtration Systems, Mixer, Pumps, Compressors, Valves, Heat Exchangers, Boilers, Cooling Towers, Reactors), By End-User (Food & Beverage, Chemicals & Petrochemicals, Power Generation, Oil & Gas, Pharmaceuticals, Metal & Mining, Automotive, Other End-Users) and by Geography (North America, Europe, Asia-pacific, Latin America, And Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Process Equipment Industry Overview

The Process Equipment market is fragemented, with major vendors such as Emerson Electric Co., Gardner Denver, and ANSYS, Inc. dominating the market. High entry barriers make it difficult for new players to enter the market. Existing vendors are investing heavily in researching and developing new and innovative products.

In April 2023, Emerson Electric Co. to Advance Global Automation Leadership Through Acquisition of NI,Emerson will enhance its automation capabilities and gain a broader set of customers that relies on NI's solutions at critical points along the product development cycle
In April 2023, Automated Flexible Conveyor announced the launch of a Batch-Weigh System that may be configured to automatically transfer, weigh, and dispense multiple materials fed from various locations to a common discharge location. The product integrated proprietary weighing technology, PLC-based process controls, and load cells with the company's SPIRALFEEDER flexible screw conveyor. It was considered ideal for loading multiple powders, granules, flakes, pellets, and other bulk materials into mixers, blenders, hoppers, tanks, and containers, each in precise, preset amounts.
In August 2022, Tencarva Machinery Company announced the acquisition of Fischer Process Industries, which is a leading distributor of pumps, valves, and process equipment. The partnership was expected to bring the addition of valves to Tencarva's product line and provide them access to new markets in Indiana, Kentucky, and Ohio while bolstering our presence in Georgia in the US.